Franklin D.
Roosevelt prophetically stated that, “The liberty of a
democracy is not safe if the people tolerate
the growth of private power to a
point where it comes stronger than their democratic state itself. That, in its
essence, is fascism - ownership of government by an individual, by a
group,”
The US taxpayer is the most negatively taxed people in
the world for we are taxed when we work, when we save, when we spend, and when
we die, not only if we live in the United States, but anywhere in the
world. As well as being most financially
indebted nation, the total outstanding public debt is greater than $9 Trillion, according to the US Treasury,
and the Fed stated in the Times that
there’s nearly $40 Billion in delinquent debt held by US bank’s credit cards
portfolios. The federal leaders only seem to want to tax the
US taxpayer more and entice us to spend more,
thereby getting us more indebted. All
the time, the government presents no plan to allow for the creation of high
paying jobs to put money into the pockets of Americans, but are allowing
corporations to write bills to be passed that make it more difficult for
Americans to declare bankruptcy or to save their homes and allow the Fed to
lower the interest rates on the Dollar and print more into circulation, thereby
making it worth less to foreign banks and investors, therefore making the
Dollar valueless, thereby making imports and goods worth more. The US Dollar has lost 30% of it’s value
since 2000 against major world currencies.
The home crisis is due to 1) the Fed lowering loan requirements and
interest rates on home loans to ridiculous levels to create an economic boom
totally built on credit, and 2) the federal government encouraging the exodus
of high paying technological and manufacturing jobs and businesses. The lost of manufacturing, technology, and
financial industry jobs, along with all of the many jobs and businesses that
serve and that are interrelated and interdependent with them, have led to the
critical economic bust. If Americans had
money in our pockets we could pay the mortgages. If we were allowed to save money tax free and
keep more of our money, we would have a nestegg to fallback on during short
economic downturns. The lack of jobs
that pay high wages and savings is the main issue of the
housing crisis, not
the loan payments.
Has Fascism Come
to America explores
the critical question and the consequences of the growing corporate influence
in the US government and the effects
that it is having on the American people from everything from the influx of
destitute illegal immigrants, the US military
occupation of Iraq and Afghanistan, to the housing crisis.