Insights - gleaned from media, candidates and years of mentors around the globe
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Failed leadership has harmed America's reputation. It has lowered the bar
of acceptable behavior. American citizens have been tarnished by their government's actions.
($ $ $ $)
Quite simply, it can be overcome through profits, not from dreams or tax breaks. Read on to learn more about what is economics. What it is not...moving money from your pocket to government.
Much of this discussion comes from GenesCoffeetalks.com initiated in 2003- 2007. Many of his conceptual ideas have been adopted by other politicians without fully appreciating their value and obviously his How to... aspects.
It's simply another scam. Only this time, there is no pea under the walnut shells (Gene Zarwell). Those wishing to sell us their leadership, only offer us: fight for us and snake oil. Our choice is failed experience or no experience; their rhetoric is more tits for tats than substance.
Would you give your checkbook to either to manage? It matters not, campaign contributions empty it; so you don't use it, someone else does for their dream. How do you think they will manage your money for you? Don't answer that until after April 15th next year.
Government cannot create an economy - it produces nothing. Unless consumer products are paid for at the cash register, there is no economic impact. Moving tax monies to wrong pockets faster than earning profits from labor is a losing economic strategy.
Labor is the source from which human wants are mainly supplied. ~ People working comes first and is independent of, capital. Hence, labor is root of capital. (paraphrase from Illinois Congressman, Abraham Lincoln, speaking at the Wisconsin Agricultural Society Saturday, September 30, 1859)
Credit implies trust. Without trust, it depletes capital without residual circulation throughout a community. Barter may be preferred to paper notes and virtual capital; unless real capital reappears, it will be hard to re-build profitable, private sector opportunities for labor. Note: current crisis is about debt, not servicing debt, but creating more in bigger amounts.
Many undecided as well as many intelligent voters have expressed desire for at least one choice for President who has substance. They know who he is and have been forwarding emails on his behalf.
He gets things done.
In our near future there is: crushing credit card debt, loss of jobs, long unemployment lines. All this will be exacerbated from to much trust, too little regulation (Robert Reich). Much confusion has been created by wrong regulation inflating private sector accountability beyond that which Congress subscribes to, but in Sarbanes - Oxley (Newt Gingrich) that tore down our entrepreneurial inspiration.
A winning vision has been forefront for more than twenty years. It is a vision in search of a leader. Neither a Senator nor a Congressman can provide what our private sector’s inherent positive pursuit can resolve facing these serious technological and global financial challenges. Many successful low bidders launched Apollo.
America’s defense strengthened through innovative private contractors who enhanced our cold-war strategies. Remarkably, their hi-tech weapons strengthened our all-volunteer force, deterred our enemies, and evolved into consumer products benefiting global consumers.
In a Joint Chief’s of Staff meeting, an unheard from before, Field Grade officer (Gene) presented this question: “What tactics will you use when the battlefield is no longer on the ground, but instead, at the cash register?” That question produced a deafening silence during that 1983 session before going to Grenada. It was projected to become doctrine by 2001. Ignored because of 9-11, our dollar devalued.
That same individual posed another question on May 7, 2008 now awaiting a rehearing by the nine-member court after October 31, 2008. It focuses on third party interference with due process rights denying plaintiffs their Constitutional right for what is due – Just and Honest. It could be a landmark case affecting every court decision that follows.
These two basic issues when addressed in sincerity will revitalize our economy, increase our buying power, and bring us to alternative energy sources as well as position our Nation as a leader of both the “Free World” and those dependent third-world countries ignored by others. Achieving this goal - offering entrepreneurs opportunities - will invigorate that legacy of products “Made in America”.
FDR addressedThe Great Depression in 1933 with public works programs - early stage socialism.
A premonition appeared in 1992. It was further exemplified in 1998-1999 and addressed similarly to McCain's Teddy Roosevelt's "Bully Pulpit" approach to government. Although an admirable trait, is no assurance of examining resolve leading to formulating adequate decisions.
Both voted for a bill taxing our descendents that reinforces excessive risk and inept oversight that misleads our citizens and strengthens our adversaries. It fuels the wrong segment without securing America's economic engine that drives product to global markets.
Over time, projected to be near or more than 10 years, this plan may return taxpayer monies to repay debt of several Trillion dollars, but does nothing in short term to invigorate our day to day economy. This thinking diminishes expectations to provide recovery within next terms of office.
Presidential candidates use fear issues as fodder for debate because they will never be contested since their effect on economics means little without a strong economic driver - private sector production fueling global markets.
However, today's wealthy financiers are publishing books on how to save their liquid assets. There is a new book each day. Most of Dem want more government money invested to rebuild their personal accounts. They also encourage others to buy, buy, buy while Treasury Secretary Henry Paulsen initiates a program to sieze this opportunity to crush those who abused the system with shorts, devaluing bank-credit ratings, derivatives, and futures moving numbers in and out of trading circles without real assets backing them up (thanks for confirming these observations Steve Kroft of CBS 60 Minutes 10/26/2008).
And, world food sources dry up faster than foreign oil fields.
Thrust of this broad brush reality is a fact that post WW II living within means has been displaced by living beyond means for decades (Steven Pearlson) - reliance upon virtual credit producing real debt - a false sense of prosperity being defined with increasing numbers of Zeros estimated at a low of $5 Trillion up to $56 Trillion or a quadrillion (depends upon which expert is expert).
This list of prominent Captains of Industry created cash flow and profits that made sense then and should for historical purposes be adhered to now:
A.P. Fontaine - The Bendix Corporation through prudent government contracting, consumer products, manufacturing, and sports produced its' first year over $1 Billion in gross revenues, 1971.
H. Michael Blumenthal - The Bendix Corporation and former Treasury Secretary created revenue groups by combining several similar divisions with counter-cyclical markets balancing seasonal cash flow with consumer - businesses (85%) against government contracts (15%). (1975)
Bill Agee and Mary Cunningham - The Bendix Corporation a difficult merger aimed at Martin Marrietta settled with acquisition by Allied Signal. (1977)
Harry Figgie - A.T.O. after its reorganization to include consumer products with industry to industry tools added educational and first responder training devices. (1969)
Walter Kissinger - Kissinger Companies with manufacturing throughout Michigan and Eastern USA expanding its holdings in automotive support production and related small businesses. (1980)
Much of this experience impacted battlefield and marketing strategies throughout his military assignments resulting in increasing its Reserve Components from 65% to 110% strength in 1973 and reinforcing 106 National Guard Commands (Air Guard and Army Guard in all 50 states) until 1981. After that he became a sought after adviser to top level defense planners including JCS Powell, SECDEF's Weinberger, Carlucci, Chaney, Generals Wickham, Thompson, and all 50 State Adjutant Generals until 1997.
Basic ingredients to financial prosperity:
| An interested voter wrote recently, As you pointed out, Treasury Secretary Paulsen
has leverage to move that risk to others through wholesale "yard sale" in two years
returning capital to taxpayer accounts, but will Congress allow that money to flow to reduce losses or to add to it with their take to get re-elected.
The latter is true. Uncertainty is less believable than certainty - Congress will use this to its own advantage even though it's their failure to monitor and oversee. Yet in 2001, regulators invited Lobby Practices (third party interference) that have collapsed it's institutions through fraudulent interpretations of extremely loose guidelines benefiting clients. It should be noted that regulation over the last five years has been replaced by phony licensing programs that bring in more money per licensee without costly in-situ inspections that generally resulted in few or no penalties. Plus as FAA and FCC experienced, regulators lost site of responsibilities in favor of over-kill requiring costly universal modifications that did not address periodic inspections. This focus shut down air travel for millions in America while earth quakes took out Western China. Congress is just as damaging. Just think about what it would do to healthcare. This opportunity presents great insight to common sense regulation with responsible leverage to create effective spontaneous recovery benefiting investors and taxpayers, but alas, it leaves Congress without its pork lobby. A Good thing: |
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| o Theory illustrated in Zarwell's comparative chart.
o Congress skews in favor of risk for others except their lobbyist cash-cows. o Investors who are encouraged by bull and fear of bear markets mitigate risk through third party - percentage professionals o Congressional economics moves money from profits to "wrong" pockets - public servants. o Re-enforces precedent that government promises will cover losses, but has no ability to fund it adequately o This empowers government take-over of private sector entities until it can move that business to another consortium for relief, but encourages all debtors to default in their payments o Tax payers get screwed because it is their capital for government services that is being used to rescue wealthy owners instead of as in other nations, government capturing available assets - equity - Bush plan hints at that, but hasn't offered a clear understanding about such actions. |
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| Much like Aussie Developer Allen Bond moving his assets from his many famous Perth Towers to his Indonesian beach house - got caught, but Western Australia recaptured much of its losses from those who created them. They took his wealth and sent him to prison for five years. | ||
| Majority of workers - taxpayers - had nothing to do with this market crash. Perhaps money pot needs to be redefined with stiff
penalties to regulators including abusive percentage professionals: brokers, dealers, financial planners, insurance providers, and contract lawyers (third parties).
Gene's ideas make sense now : |
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| o Jail time for regulators, brokers, and for Congressional members if re-elected o Redirect Congressional pay responsibilities to States, thus mitigating Federal risk for those members voters elect to represent them o Tax blind-trust income at 60% as a deterrent to lobyist contribtuions o Remove $2 Million per member of Congressional operating cost estimated at $1 Billion from annual Federal budget to States o Ease private sector taxes by 30-45 percent through elimination of taxes on Federal salaries, Social Security benefits, Military pay (active and Reserve), all retirement income with its associated mandatory Medicare / Medicaid tax o Tax-exemptions for minimum wage, second job pay, over-time job pay, and vacation pay with possible extension to part-time job pay o Create programs providing rent relief back to pre-2003 contracts for small businesses and previous home owners comparable with similar relief given to home owners with excessive mortgage liabilities o Return control of mandated benefits to employers (public and private) to offset accounting fraud by HMO's, third party universal insurance plans, including non-qualifying personal-time, and unused sick pay by allowing self-insured packages o Give control to Governors for state emergency management contingencies, acquisition of resident contributions, and budgeting performance for constituent service including their congressional members pork packages earmarks o Reduce Federal liability for other than federal highways, defense, FDIC loans, and discretionary loans to states for isolated catastrophic failures o Encourage school systems to adopt programs as demonstrated in Washington DC that raise students to International education levels o Mitigate industry and foreign "free rides. |
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| I'm sure a lot more resolutions are addressed in those five years of CoffeeTalks.
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You can be assured that Gene will tackle Congressional failures on behalf of private sector and reduce costs of government. If you'd like to help, you need to review Your Opportunity and take action.
