Thursday, August 21, 2014
The American Plan
The United States until recently was the bastion of liberty for the world. America was the heart of the free enterprise system that fed the rest of the world. Thrift and industry were rewarded in the country that became the manufacturing center for goods that were coveted by the rest of the world. Now, almost everything on America's retail shelves is made abroad. Saving is punished because Federal Reserve easy money policies mean savers earn virtually no interest. Our corporate taxes and capital gains tax are among the highest in the world. America still has some very wealthy individuals, but government policies make it increasingly difficult to rise into wealth from the middle class. The US has retreated from being the lone global superpower and that has allowed Red China and Russia to assert primacy over their neighbors. The ideals that made America great still exist. We just need to elect a political leadership that returns to those ideals.
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