Posted 8 years ago on July 23, 2012, 12:14 p.m. EST by everlast007
This content is user submitted and not an official statement
The following plan is the only way to counter the greed of international bankers and restore manufacturing and employment in the USA and Europe.
Wall Street owns Congress, lock, stock and barrel. And the only way to break that stranglehold aremass peaceful uprisings, both here and in Europe involving millions, day after day until our goal is achieved.
This is what you tell your Senator in no uncertain terms.
As unemployment continues unabated the American consumer base and tax base will continue to erode. States, counties and cities can’t print money, so it isn’t just the private sector losing jobs, now it’s finally reaching into the public sector.
State, county, city employees and teachers are losing their jobs because of lost taxpayer revenue from the private sector add to the mix more job loses from the public sector necessitating more public assistance. The crisis will grow exponentially as the fed continue to print money, creating an unserviceable debt load.
This problem isn’t uniquely American, it’s the same for all developed economies: to believe differently is pure lunacy.
There is a solution that congress continues to ignore because there hasn't been any intensely focused pressure from the people on the major problem in the USA and Europe.
THE GRIMES ECONOMIC RECOVERY PLAN
The Grimes Plan will restart global commerce with a graduated surcharge over 48 months (possibly longer) on all manufactured imports and out-sourced services. This plan will have little effect on trade with economies that pay livable wages by most G-20 standards. These countries already have wage parity with the USA.
The surcharge is a two way street. All countries may and should impose a surcharge: i.e., China, India, et al can impose an equal surcharge on all imports, allowing for an orderly transition and global stabilization as international commerce is redefined.
The fulcrum is this: trade imbalance. We import far more than we export. The surcharge on all imports will begin at 5% to 10% for the first 12 months, with a 1% monthly increase over the next 36 months.
General Motors, Ford and Chrysler can still manufacture cars in foreign countries. Now they'll have to produce what the indigenous labor markets can afford to purchase or pay the surcharge. This applies to all industries, not just automotive.
Foreign companies (such as Toyota) are more than welcome to sell in the USA, as long as they manufacture their products in the USA and pay livable wages.
China and other slave labor markets will have to concentrate on manufacturing products for internal consumption that their indigenous labor force can afford to purchase.
Every sovereign nation has to develop its own economy with manufacturing dependent primarily on internal consumption and the United States is no exception.
The revenue generated by the surcharge will fund absolutely essential social programs and provide low cost loans for start up private sector manufacturing companies to rebuild our manufacturing base, putting Americans and Europeans back to work.
James J. Grimes