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Thursday, April 17, 2008

The U.S. Needs an Industrial Policy

The United States today is in a period of readjustment or transition called agonizing reapprasiel. For years the American people where told by economic pundits that we couldnt afford our life style. Well the chickens have come home to roost and now we are forced to confront the reality that we cant pay for what we buy with our present income. The main reason is that Americans bought into that horse shit that we live in a world economy and its ok to ship our high paying jobs over seas. We are the only major econmoy to do that. Shipp our good jobs oversesas and now we are stuck with minminum wage shit. James Hoffa the president of the teamsters should be horse whipped for supporting a president who gave good paying teamster jobs to mexican truck drivers. The question is now how do we get our strong economy back that once supported a middle class life style for many Americans. The most immediate thing the public can do is to vote for Hillary Clinton. Her husband in the 1990's took a bad economy and turned it around bringing great prosperty to the United States. Another solution to our problems could come from a page of our own history. Bernard Baruch has been billed as the worlds greatest investor which he never really was. Yes he was a wealthy man who made his fortune as a wall street investor but also at times he experienced great failures that wasn't written about. Although Baruch is overrated as as investor he knew American industry better than almost anyone of his day and he also knew and understood poltics. His best friend President Wilson appointed him charimen of the War Industries Board which was supposed to get the country ready to fight World War I. This appointment effectively meant he had complete control of of America's industries. Baruch because of his vast understanding of the economy and American industry used his position not only to prepare the country to fight a war but also to modernize and rebuild Americas Industrial might. Many of the things he forced industry to do are still being done today. What the United States needs today is an industrial policy which will modernize our economy and make it more competitve without losing good paying jobs overseas. Somebody like Barach must be found again to act as cayalist for making change happen. If we dont do this today what is going to happen tommorrow. Will we see more areas like Detroit and Pittsburgh becoming ghost towns or rust belts? That why its important to act now. Obama isnt an agent for change. On the contrary he is just the opposite. He is bought and paid for by the corporations that benefit the most from the statusque like the oil industry who has poured millions into his campaign. Hillory Clinton really is an agent for change and that is why people want to preserve the United States should vote for her.