Ben's Wake Up Call

 Almost every time a job is lost in America it’s due to the fact that it is much cheaper and more profitable to build a particular product elsewhere. Naturally, you must ask yourself, why is it so much cheaper to manufacture somewhere else in the world? I presume the reason is inflation of the American dollar. Some will argue that it’s because people in China or wherever are willing to work for $2/day. I believe this is part of it, but I strongly believe the majority of it is due to increasing the American money supply irrespective of demands and goods. Our currency is so inflated that it has lost 50% of its value over the last few years. Our currency is so inflated that if a lot Americans were not able to buy cheap Chinese goods, they would go broke! I sure know I would probably have trouble paying the bills if everything I bought had to say “Made in the USA”.

To engineer something and then manufacture it America is extremely expensive. You have to pay huge salaries to employees because employees have to pay such high prices for goods and services. To have a quality engineer you have to pay him a wage that will provide him a quality living. My grandma probably made $0.50/ hour at some point in her life and was able to own a home and have several children, all while eating good food and living decent. Now they weren’t driving Ferraris but they were making it. Today, it’s tough to own a home, have a few children, a good ole car, and eat right on a $20-$30/hour income.

So what’s the answer? Some say we should heavily tax foreign companies and imports so that companies will be forced to build here and create jobs here. Here is why that is not a good idea if you want to live in a free market, capitalistic society. I will use a Toyota/General Motor example to demonstrate my understandings. If Toyota is building plants and facilities in America and creating jobs, that’s a good thing. Toyota has provided America with a very good product over the last decade, and consumers have rewarded them for it by making them #1 in America. GM on the other hand produced products that weren’t as reliable and didn’t satisfy the consumer. Therefore people didn’t buy their cars and they went bankrupt. To tax the better company out of the country and force Americans to buy the GM cars they didn’t prefer would not be characteristic of Capitalism. Toyota would pack up, leave several thousand unemployed, and the people buying the goods would not be happy because they are left with an inferior product. Essentially this similar to what really already happened with the bailouts. Toyota and GM were competing in a so called “free market” economy and what happened? GM lost the competition and the federal government stepped in and gave them our hard earned tax money to bail them out! That is not fair to Toyota, who has been working diligently to beat GM. So even though the tax payers decided they didn’t want to buy GM’s product, the government told us tax payers, ”too bad” their getting your money anyways. And they essentially dictated who wins and who loses in the auto sector.

I think the answer is to stop the Federal Reserve from having the power to create and issue money at their discretion. The constitution of the United States specifically states that the power to coin money belongs to the people and the congress shall do it. There is a reason they gave the power to issue money to the people and not some private company owned by private shareholders like the Federal Reserve. This all leads me to believe that Ron Paul and ONLY RON PAUL is the only presidential candidate that can save our country. He is the only one that understands and talks about the real issues, instead of argueing over whose money is dirtier (I'm refering to Newt and Mitt argueing about both of their profits from fanny and freddy). This world is in a financial mess! We hear about Europe every day. Our leaders are considering bailing them out just like they didn’t GM and Wall street. And who ends up footing the bill? The American tax payer. So big business and big banks get our money, but in the meantime the middle class lose their houses and their jobs. SOMETHING ISN’T RIGHT WITH THIS PICTURE IN A FREE COUNTRY. I hope I didn’t digress too bad in this one.

Here is a glimpse of Ron Paul in action on this issue..