The politicians create word pictures to weaken the economic ideas that they like. As well as: Jesse Jackson does not like "Reaganomics." Ross Perot described the relocation of jobs to Mexico as a "giant sucking sound."
American insane spending policies of both major political parties have been replaced by me as "Newmanomics" to respect the way of "Mad Magazine" too cool covers of Alfred E. Newman man.His mantra: "What, me worry?" Not only are many Americans, corporate, and government officials spend like drunken sailors, some of the blame "foreigners" for our plight. After a couple of alcoholic relatives, I understand how denial works. Rejection is just self-deception. Can not we blame China? After all, they consume 382 million tons of grain compared with 278 million tons in the United States each year. China uses twice as much steel as we do. China uses 800 million tons of coal for our 574 million tons per year. China's oil imports rose 34%. Since China has 1.3 billion people, and we have about 300 million, China consumes less on a per person from us. In addition, China is rapidly transforming itself into a modern superpower. We can not blame China for our woes. Our problem is not China, India, Japan, South Korea or the ghost of Asia. As Pogo said, "we have met the enemy, and he is us." The United States is not a victim of anything or anyone external. We have purchased Washington "Newmanomics" sleep hook, line and sinker. Therefore, "what, me worry?" is the sound-producing us, bipartisan, consensus philosophy makes economic sense. You see, as the disciple "Newmanomics," we can always print more money, sell more debt to the countries of Asia and the banks, increasing taxes on "rich" (those making dollars a year more than we do), and provide tax relief industry to contribute to the general election last year. Excessive public debt and private - is the weakening U.S. dollar and the American economy.
U.S. government debt stood at $, 8.00 trillion, which increased only $ 1.76 billion per day. That works out to $ 26,222 from the federal government debt per American, women and children. At least U.S. 2.0 trillion debt our government is held by the people and institutions in other countries. If they begin to feel the U.S. dollar weakened, they can refuse to buy more than U.S. debt instruments and / or demand a higher rate of return, might set off spiraling inflation at home. U.S. corporate debt increased by $ 1.0 trillion in five years to $ 5.2 trillion. $ 453 billion Ford and General Motors' corporate bonds (a form of debt) has been lowered to as "junk bonds." Their value tends to erode quickly and sinking like a heavy stone.
This $ 453 billion is 15 times more than the bonds involved in the WorldCom crisis. Personal debt average household per family $ 101,445 U.S.. Finally, these debts are not including people from states and municipalities, lack of private pension funds, government pension, and completely unquantified, lack of funds, obligations of almost perpetual Social Security and Medicare. America has always risen to the challenge and find new ways to make more money as changing circumstances and new opportunities arise. Alfred E. Newman was right. Worry is useless. In a faltering economy, build your own business and managing your own money. John J. Alquist is a professional speaker, author and business consultant. He is a strong champion of the nearly universal self. He and his wife owns and operates Alquist Enterprises. Visit his website at: http://www.tell-it-well.com
American insane spending policies of both major political parties have been replaced by me as "Newmanomics" to respect the way of "Mad Magazine" too cool covers of Alfred E. Newman man.His mantra: "What, me worry?" Not only are many Americans, corporate, and government officials spend like drunken sailors, some of the blame "foreigners" for our plight. After a couple of alcoholic relatives, I understand how denial works. Rejection is just self-deception. Can not we blame China? After all, they consume 382 million tons of grain compared with 278 million tons in the United States each year. China uses twice as much steel as we do. China uses 800 million tons of coal for our 574 million tons per year. China's oil imports rose 34%. Since China has 1.3 billion people, and we have about 300 million, China consumes less on a per person from us. In addition, China is rapidly transforming itself into a modern superpower. We can not blame China for our woes. Our problem is not China, India, Japan, South Korea or the ghost of Asia. As Pogo said, "we have met the enemy, and he is us." The United States is not a victim of anything or anyone external. We have purchased Washington "Newmanomics" sleep hook, line and sinker. Therefore, "what, me worry?" is the sound-producing us, bipartisan, consensus philosophy makes economic sense. You see, as the disciple "Newmanomics," we can always print more money, sell more debt to the countries of Asia and the banks, increasing taxes on "rich" (those making dollars a year more than we do), and provide tax relief industry to contribute to the general election last year. Excessive public debt and private - is the weakening U.S. dollar and the American economy.
U.S. government debt stood at $, 8.00 trillion, which increased only $ 1.76 billion per day. That works out to $ 26,222 from the federal government debt per American, women and children. At least U.S. 2.0 trillion debt our government is held by the people and institutions in other countries. If they begin to feel the U.S. dollar weakened, they can refuse to buy more than U.S. debt instruments and / or demand a higher rate of return, might set off spiraling inflation at home. U.S. corporate debt increased by $ 1.0 trillion in five years to $ 5.2 trillion. $ 453 billion Ford and General Motors' corporate bonds (a form of debt) has been lowered to as "junk bonds." Their value tends to erode quickly and sinking like a heavy stone.
This $ 453 billion is 15 times more than the bonds involved in the WorldCom crisis. Personal debt average household per family $ 101,445 U.S.. Finally, these debts are not including people from states and municipalities, lack of private pension funds, government pension, and completely unquantified, lack of funds, obligations of almost perpetual Social Security and Medicare. America has always risen to the challenge and find new ways to make more money as changing circumstances and new opportunities arise. Alfred E. Newman was right. Worry is useless. In a faltering economy, build your own business and managing your own money. John J. Alquist is a professional speaker, author and business consultant. He is a strong champion of the nearly universal self. He and his wife owns and operates Alquist Enterprises. Visit his website at: http://www.tell-it-well.com
Source: http://EzineArticles.com/91676
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