The Recession Was Avoidable
Author: Leonard C Tekaa
Basically what has happened to our economy, the means of
exchange has decreased significantly.
The Committee For Economic Reform and a Better Economic
Future has developed an Alternative Economic Stimulus plan
to restart our economy. It does not require the Federal
government to create a huge deficit, to return consumer's
deposable income.
CSUB Professor of Economics Mark Evans was quoted as
saying, we are going to have to live with large deficits
for a long time, and there is no other way. We disagree
with that statement. The Committee believes that there is
another way. President Obama is relying on Keynesian
Economics. John Maynard Keynes policies put governments
into massive debt, to stimulate the economy and return
people's disposable income. Over time more government
programs are created, increasing the size of government, as
our economy cycles through periodic periods of recession
and inflation.
Consumption and home creation represents 75% of the
economic activity in our economy. The economy will not
fully recover until the consumer's financial condition and
confidence improves. Investor confidence, in making
long-term investments, needs to improve also. This will
happen as the economy improves and when we enact the Zero
Inflation Taxation Policy.
When the Federal Reserve lowered the Fed rate and the banks
and other financial institutions could not follow the Fed'
lead, of lowering the cost of the means of exchange, the
collapse of employment and the stock market occurred. If
lower interest rates had been available, for credit worthy
borrowers, the money supply would have quickly expanded,
creating enough of the means of exchange for our economy to
continue to work.
The recession would not have gotten out of control, causing
the massive layoffs, decreasing people's disposable income,
there-by causing the economy to continue its downward
spiral. Consumer and investor confidence was thus lost.
The enterprise economic system cannot operate efficiently,
without the correct amount of the means of exchange (money)
being in balance with available supply.
They are asking you for your endorsement and support of the
Alternative Economic Stimulus Plan. They are asking you to
please review it at their web site. They also want you to
read the other economic policy papers first, so you will
obtain a complete picture of why we are repeating the
mistakes of the Great Depression. Without the changes we
need to improve our economy, we will continue to repeat the
mistakes of the past.
They said that we could make this happen. We have the
opportunity to leave our posterity a more secure and stable
future. We are a nation of free people. We are
responsible for the laws that are enacted and for the
policies that guide our economy. We can make a difference.
Do it for your grand children and great grand children.
End the recession now, without a huge federal government
deficit and another cycle of inflation.
About the Author:
Committee For Economic Reform and a Better Economic Future
web site is http://www.economysflaw.wordpress.com/ The
Committee is made up of noted economist, retired Economic
Analyst, Businessman, Financier, Investor, Author, and
former candidate for the California Congress.
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