Food for thought Friday: The 40 questions that need answers!
politicsandfinance.blogspot.com
by Michael Haltman
at 5:13 AM
Closing out 2011, these 40 questions concerning the US economy, national security, Europe and more need to be answered for a better 2012!
These are the 40 questions that desperately require answers so that the global economic malaise and, more specifically the flailing US economy, can get back on the right track to something resembling economic growth and full employment.
My question, which I suppose is number 41, is whether anything resembling a substantive response to ANY problem that the United States faces can be expected in a year leading up to a presidential election?
Hmmmm.
The 40 Questions c/o The Economic Collapse
#1 If Iran tries to shut down the Strait of Hormuz, what will that do to the price of oil and what will that do to the global economy?
#2 If Iran tries to shut down the Strait of Hormuz, will the United States respond by launching a military strike on Iran?
#3 Why is the Federal Reserve bailing out Europe? And why are so few members of Congress objecting to this?
#4 The U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was created and Federal Reserve Chairman Ben Bernanke has a track record of incompetence that is absolutely mind blowing. So what possible justification is there for allowing the Federal Reserve to continue to issue our currency and run our economy?
#5 Why does the euro keep dropping like a rock? Is this a sign that Europe is heading for a major recession?
#6 Why are European banks parking record-setting amounts of cash at the European Central Bank? Is this evidence that banks don't want to lend to one another and that we are on the verge of a massive credit crunch?
#7 If the European financial system is going to be just fine, then why is the UK government preparing feverishly for the collapse of the euro?
#8 What did the head of the IMF mean when she recently said that we could soon see conditions "reminiscent of the 1930s depression"?
#9 How in the world can Mitt Romney say with a straight face that the individual health insurance mandate that he signed into law as governor of Massachusetts was based on "conservative principles"? Wouldn't that make the individual mandate in Obamacare "conservative" as well?
#10 If the one thing that almost everyone in the Republican Party seems to agree on is that Obamacare is bad, then why is the candidate that created the plan that much of Obamacare was based upon leading in so many of the polls?
#11 What did Mitt Romney mean when he stated that he wants “to eliminate some of the differences, repeal the bad, and keep the good” in Obamacare?
#12 If no Republican candidate is able to accumulate at least 50 percent of the delegates by the time the Republican convention rolls around, will that mean that the Republicans will have a brokered convention that will enable the Republican establishment to pick whoever they want as the nominee?
#13 Why are middle class families being taxed into oblivion while the big oil companies receive about $4.4 billion in specialized tax breaks a year from the federal government?
#14 Why have we allowed the "too big to fail" banks to become even larger?
#15 Why has the United States had a negative trade balance every single year since 1976?
#16 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of all jobs in the United States are manufacturing jobs. How in the world could we allow that to happen?
#17 If the United States has lost an average of 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001, then why don't our politicians do something about it?
#18 If you can believe it, more than 56,000 manufacturing facilities in the United States have permanently closed down since 2001. So exactly what does that say about our economy?
#19 Why was the new Martin Luther King, Jr. Memorial on the National Mall made in China? Wasn't there anyone in America that could make it?
#20 If low income jobs now account for 41 percent of all jobs in the United States, then how are we going to continue to have a vibrant middle class?
Continued Below...