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Can Trump Fix America’s Three Colossal Failures?

Some commentators say liberal ideas of “fairness and equality” in America aren’t accurate nor realistic — considering that a liberal’s idea of fairness means equal results for varying levels of input. For instance, workers and layabouts should receive equal pay.

At the same time, a conservative’s idea of “fairness” means a series of opportunities that are available to all Americans — therefore individuals have the opportunity to reach their dreams, but without the U.S. government guaranteeing the outcome. Conservatives say; ‘Hopefully, these will “equal out” in the long run’.

It should be noted at this point that people have been saying, “Hopefully, these will equal out in the long run” for decades, if not centuries.

But in every generation since Ancient Greece, we have seen that things never “equal out”.

There is simply no evidence, anywhere, that luck will make things… “equal out”.

My rebuttal to the conservative viewpoint is that there are three main points to consider regarding inequality in American society:

1) Over 94 percent of presently wealthy people, are children of wealthy parents. Which means that only 6% of people who become wealthy in America, rose from poverty, or middle-class status, to become wealthy. That’s a pretty telling statistic right there.

It means that our system is broken and that there is practically no chance of a person becoming wealthy — no matter how hard a person works.

Certainly, more than 6 percent of Americans have worked hard in their lives!

As I said, I don’t believe in luck causing things to “equal out”. Because it doesn’t work.

2) Right now in the United States, there are about 93 million unemployed people. It was many more people than that at the peak of the financial crisis.

In that group are short-term unemployed’s (people who are still eligible for unemployment insurance payments) and long-term unemployed’s (that no longer qualify for unemployment insurance payments) and people who couldn’t find a job and consequently (and only because they couldn’t find a job) returned to college or became a homemaker, or (with no other option left to them) and decided to retire early.

Also in that group are people subsisting on welfare schemes or are disabled but willing to work at a job that they are actually capable of doing.

The official U.S. unemployment rate for January 2017 was set at 4.8 percent — but that stat only relates to those people who are drawing unemployment insurance benefits and who are actively looking for work — not long-term unemployed’s who would work if there were jobs available.

(NOTE: An unemployment rate of 5 percent is considered ‘full employment’ by most economists. However since the year 2000, there are very large numbers of long-term unemployed’s who don’t show up on official statistics)

3) There are simply many more people looking for work than there are jobs available since 37 percent of all U.S. manufacturing jobs picked up and left for Asia since 1979.

Yes, more than 1/3rd of all U.S. manufacturing jobs left the country since 1979, and they won’t ever return due to the additional profits that U.S. corporations can make overseas.

A Must Read: Why doesn’t 4.9% unemployment feel great?

Some of the corporations that outsourced more than 1/3rd of American manufacturing jobs are the same corporations that received billions (sometimes, multi-billions!) in corporate welfare, which has totaled over $1 trillion since the Carter administration.

Yet, it’s often the unemployed workers who get the blame for being unemployed — by society, their family and friends, and by potential employers who ask them ‘Why?’

And they get the blame for the billions in corporate welfare paid by the government, and for the state of their former industry (Maybe if you had worked harder, all those millions of jobs wouldn’t have gone to Asia!’) and worse comments than that.

It’s the job of the government to stimulate the economy when appropriate (but not to add billions of dollars to profits to otherwise successful companies that can’t seem to keep their books straight) and to set the regulatory environment that is necessary for industry to thrive.

It’s the government’s fault that there are 23 million more people looking for work, than there are jobs available.

That is a permanent stat, it never goes away — although during the financial crisis of 2008-2012 it was higher.

However, when faulty or inept government regulations allow more than 1/3rd of all U.S. manufacturing to go overseas, it’s not the unemployed’s fault.

When $1 trillion is spent on corporate welfare instead of on the welfare of citizens, the government has the wrong priorities.

And when government stimulus goes directly into creating a whole new economic class of people on the planet (the 1 percent who own well over half of the wealth in America, and who do very little to increase aggregate demand) we know successive governments have dropped the ball on it’s citizens, the lowly taxpayers.

The creation of the 1 percent economic class that own well over 50 percent of America’s wealth (and rising exponentially) must rank as one of the colossal failures by any government in human history.

The loss of 37 percent of U.S. manufacturing must be ranked as another colossal failure by any government in human history.

And the loss (and it is a ‘loss’ for that money could’ve been much better spent) of $1 trillion in corporate welfare to U.S. corporations, must be ranked as yet another colossal failure by any government in human history.

And it is millions of workers and their families, millions of former workers who still want to work and their families, and the economy that is suffering because of it — all on account of the gross negligence shown by successive governments since 1979.

Not that any one person or political party is to blame, it’s just that nobody ran to catch the ball when it dropped — three times!

The question today is: Can President Donald Trump restore the economy which has foundered since the creation of the 1 percent, restore the loss of 37 percent of U.S. manufacturing jobs, and stop the corporate welfare schemes which have cost taxpayers $1 trillion since the Carter administration?

Let’s hope that President Donald Trump is the president with the right thinking, the fortitude to see it through, and the politician with enough political capital who can put an end to this sorry state of affairs and create a better future, that works not just for the 1 percent, but for all Americans!

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