'Seashore Artifacts,
After the Storm'
Atlantic City, NJ,
2003.
Governmentalism is not an ideology. It is a method of taking control of money, people, resources, and existing forms of governmentalism.
The cost of the increasing intervention of government in business and the everyday life of the average American citizen is reflected in the decrease in the purchasing power of the dollar from 1950 to 2008.
The Purchasing Power of the Dollar:
Year---Producer Prices-----Consumer Prices
1950-----3.55-------------------4.15
1980-----1.14-------------------1.22
1985-----0.96-------------------0.93
1990-----0.84-------------------0.77
1995-----0.78-------------------0.66
2000-----0.73-------------------0.58
2005-----0.64-------------------0.51
2008-----0.57-------------------0.46
__________________________________________________________
In 1950, the dollar purchased more than a dollar's worth of products and services for Producers and Consumers, reflecting a strong dollar. The dollar was worth $3.55 for Producers and $4.15 for Consumers.
Recall that from 1935-1981, the federal deficit increased to $25 Billion, due to military costs, in World War II through the Vietnam War. By 1980, the value of the dollar had dropped to $1.15 for Producers and $1.22 for Consumers.
By 1990, with the increase in federal deficit to $167 Billion at the end of the Reagan Administration, the purchasing power of the dollar slipped below the dollar to 84 cents for Producers and 77 cents for Consumers.
Despite Clinton's claims to have balanced the budget, by the end of the Clinton Administrations in 2000, the value of the dollar had dropped to 73 cents for Producers and 58 cents for Consumers.
In 2008, near the end of the Bush Administrations, the dollar had slipped to 57 cents for Producers and 46 cents for Consumers.
Debt is inevitable for both producers and consumers when the purchasing power of the dollar has fallen to 57% of its face value for Producers and only 46% of its face value for Consumers.
'Growing the economy' with higher governmental appropriations for higher budgetary amounts, higher debts and higher interest on those debts is not convincing to producers who must pay more to produce goods and services and consumers who must pay more to purchase those goods and services.
It seems inconceivable that politicians more recently could have allowed the real estate industry and 'alternative banking and lending' networks to have further inflated the economy with debt on houses from $250,000 to $500,000 to $1 million dollars or more. Done to increase property taxes as a mechanism for paying larger salaries to themselves, it is unreasonable and financially naive.
The taxpayers in the real economy, with a minimum wage of less than $10/hour, cannot possibly be expected to provide any financial backing to 'bail out' such mortgages, for mortgage-holders or politicians waiting for projected property tax revenues.
Even with the African political model of demanding 100% of wages from wage earners in taxes to fund government officials' salaries, it would take 10 workers at $10 per hour, 40 hours per week, 52 weeks per year or $20,800 per year, to fund a government official's salary of $200,000 per year.
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Graphic: 'Seashore Artifacts, After the Storm', Atlantic City, NJ, 2003, An Original Photograhic, copyright mkrause381@gmail.com or mkrause54@yahoo.com.
References: Table adapted from NYT Almanacs, 2006 and 2008.
Mini-lecture by Dinesh D'Souza, author of 'The Roots of Obama's Rage', on Glenn Beck, Fox News 9-29-2010, who spoke about the influence of Kenya, Africa finance official Barack Obama Sr. on Barack Obama. D'Souza cited a 1965 article in 'East Africa Journal' on 'Problems Facing Our Socialism': ...so long as people get benefits from government commensurate with their income which is taxed..nothing can stop government from taxing 100% of income.' D'Souza's comments implied Kenyans take the full amount taxed.
D'Souza believes 'Obama's Rage' stems from Kenyan anti-colonialist hostility toward Britain or Europe, imparted to him by his father. Obama, Sr's job was not well-described.
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