December 19, 2006


IMPEACH BUSH


IMPEACH CHENEY

THE BORROW AND SPEND ECONOMY

When Ronald Reagan came into office in 1981 the United States was the world's largest creditor nation. Since then we've become the largest debtor nation. Our balance of trade deficit is huge and growing. We don't make things anymore. Instead, we buy cheap consumer goods made in places like China. We also send good-paying middle class jobs abroad to create the labor market to make those cheap goods. Eventually, our ability to buy those goods will be gone because there won't be any more money except for the wealth controlled by the economic elite. We have been suckered into thinking that happiness is a new SUV or a plasma TV. This article talks about the class warfare that has been waged in the United States. The article by Joel S. Hirschhorn is at www.smirkingchimp.com:

Many common folks are deluding themselves that they have a fair shot at joining America’s super-rich — those households worth at least $10 million. According to an Elite Traveler poll, they will be spending 25 percent more this year than last on holiday parties, travel, and shopping. Among the top holiday spending categories: spirits for entertaining (up 57 percent to $22,300) and yacht charters (up 12 percent to $410,600). The awesomely affluent will also be averaging $91,100 on holiday jewelry, $36,400 on designer fashions, $52,000 on luxury watches, and $25,700 on flat screen TVs and other electronics. Nearly 25 percent of them will travel by private jet just to shop for holiday gifts. Of course, there are many Americans who do have a good chance of joining the super-rich. They are the rich Americans.

Any regular person who does not understand that Americans are in a class war is out of touch with our economic reality. Rich and powerful elites that are running and ruining our country have the upper hand. Wiping out the middle class to create a two-class society nationally and globally suits them. The Upper Class can steer most wealth to themselves and spread a small amount around to keep the Lower Class content enough not to revolt. Ordinary people have a powerful weapon to fight their oppressors, yet have not yet used it. It is their money, more specifically their discretionary consumer spending. The reasons for not controlling and politicizing their spending merit examination. Time is running out to understand why millions of supposedly rational people spend themselves into economic slavery.