Friday, Nov 27th

Last update08:06:22 AM GMT

You are here News Editorials Bruce Enberg: Punched or drilled? Use an inspection mirror & a spec sheet for comparison

Bruce Enberg: Punched or drilled? Use an inspection mirror & a spec sheet for comparison

E-mail Print PDF

Alexander HamilltonNumbers on 3rd quarter GDP growth are in, and we could be breaking into a chorus of    'Happy Days are Here Again.'  A quarterly growth of 4.1% in GDP is something that we have seen hardly at all since Ronald Reagan set about destroying the economy for the benefit of the 0.001% of Americans.

In the old days of New Deal Keynesian economics a 4% growth rate was the norm. Conservatives would like you to believe that such a number just isn't possible anymore unless you cut the tax rate on the rich to zero. Never mind that the Communist Chinese have been maintaining a pace of 2 to 3 times that for decades by pursuing FDR's or more accurately Alexander Hamilton's polices. You know, the guy on the ten dollar bill.

The Chinese are big fans of our Founding Fathers, and it's paid off for them big time. The US went from making wooden shovels to being the undisputed industrial power of the world by following Hamilton's policies enacted by Congress in 1792. China has gone from making nothing more advanced than a 1940 style steam locomotive to putting a rover on the moon in just 30 years. This will be China's century in ways that we can't even imagine.

Where is the US? We do rank slightly above Romania in childhood poverty. That is to say that 33 countries do better for their children than we do. Where is China in this? They still have an awful lot of poor people, but on the other hand they have more middle-class people than the US has people. If you are smart kid in China you will get a World Class education, no ifs, ands or buts. In the US the odds are you won't get an anything like that kind of education if your parents aren't able to pay for it. So the US has a lot of George Bush types going to Harvard, and potential Albert Einsteins working at McDonalds.


Most Recent Related Stories...

The Road To The Paris Attacks Runs Through The Iraq War

Bush and Cheney, architects of warOne Middle East catastrophe apparently wasn't enough for some supporters of the 2003 U.S. invasion of...

Frank Bruni: The Catholic Church’s Sins Are Ours

Frank Bruni It’s fashionable among some conservatives to rail that there’s insufficient respect for religion in America and...

Paris attacks: The West’s fatal misunderstanding of Islamic State

What the West does not understand about ISILThe horrendous attacks on Paris have an eerie resemblance to the events of Sept. 11, 2001,...

Bob Alexander : Nightmare Alley

Haunted house“No live organism can continue for long to exist sanely under conditions of absolute reality; even...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!