Filed under: Industry, Consumer experience, Rants and raves, Employees, Politics, Small business, Federal Reserve, Recession, Financial Crisis
As the ever-increasing stench of socialism wafts from the halls of our legislative branch, one must take pause to wonder exactly how we got to where we’re this day economically. Yes, I know that there has been a lot of pausing and wondering going on lately. What ticks me off is that it seems that very few of those who are pausing and wondering seem to be able to form the words to express the reality of what they have determined to be true, which is: that the single most significant root cause for today’s economic dilemma is the erosion of income for the American middle class private sector.
For the purposes of this piece, I’ll state that I think about the “middle class” to be those workers who earn between $14,000 and $125,000 per year. That covers just about every worker from entry level manufacturing to first tier management. We create the bulk of real wages that move throughout this country. We also pay virtually all of the taxes in this country. Never mind that corporations pay large sums in corporate taxes every year, because the fact of the matter is, they collect those sums from us at the consumer level. Yes, we pay those corporate tax bills, and we know it.
It’s the middle class private sector which supports capitalism. It’s the middle class private sector which supports the government. It’s the middle class private sector which builds and floats Wall Street. Laugh if you’ll, then look at today’s Dow Industrial Average… gotcha!
I warned readers almost two years ago that our incomes here at ground level were drying up. I told the world that we were closing our wallets. I almost begged investors to exit retail, and the worst there is yet to come. Face it folks; we, the American middle class, are the support structure for the world financial system. Blind capitalists have raped and pillaged us. Now we are being ignored as the system to which we are essential slowly dies. I called the dance, ” world economic shake down.” Now it’s here, but no one is dancing.
At this point, I don’t think I’ll call myself a Patriot-Capitalist-Industrialist. I think I’m a Patriot-Industrialist with Capitalist leanings now. The reason for this is simple; As I’ve written on these pages before, “If you don’t have manufacturing, then you’ve nothing at all.”
It’s high time for capitalism to again take a far back seat to manufacturing. Industrialism built this country. Without it, we shall fall.
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