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With now rampant consumer price inflation, a direct result of the coronavirus induced stimulus and bail-outs, and Federal Reserve wanton and negligent increases to inflation targets, Americans across our great Country are now beginning to feel the sting of rising prices. Once again, just like in ’08-09, politicians failed to consider the personal financial needs of Americans and launched into Trillions in Government spending that will have a deleterious impact on the long-term financial prospects of the everyday American worker.
What happened?
Our current Congress is primarily filled with elitist politicians.
Populists on both sides of the aisle have long recognized the spending troubles of everyday American consumers, especially in major cities where rent prices and home ownership costs have spiraled out of control. Some say that one of the leading causes of the Occupy Movement in ’08-09 was the unaffordability of living in major American cities. Tensions once again boiled over with protests in Manhattan proper and Brooklyn during the wave of unrest in 2020 at the height of the coronavirus induced closures.
The everyday American worker is getting squeezed to high heaven and it is time we hold crooked politicians accountable for policies that syphon money up to the sky, out of the checking accounts of Americans and to corporate interests and Wall St. via consumer price inflation.
What happened?
Many politicians, especially those beholden to corporate and monied interests, enact policy after policy that prioritizes corporate interests. During periods of Trillions in Government and stimulus spending, these politicians backed by corporate interests, are doing just that, prioritizing the welfare of a corporation’s stock price instead of the spending capacity of the everyday American worker.
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For example, when Government’s pump Trillions into the financial system via policies of the Federal Reserve, Governments can stabilize stock market prices, they can prevent investment panics, and they can ensure that Governments do not conduct mass layoffs. Lessons learned from the Great Depression seek to ensure employment stability given how mass layoffs and stock market or bank ‘runs’ can affect long-term damage to a society.
However, clear lessons after ’08-09 demonstrated that these types of corporate bailouts […]
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