I tried! No one listened.

Turn the lights off when you leave!!

THE ENEMY WITHIN!

 THE WALL STREET MONEYCHANGERS.

What you read here, you won't find on network or cable news or the New York Times. I don't traffic in BS. 

Today the new GM has 235,000 employees globally, 91,000 in the USA or 40%, by the end of this year the new GM will shed an additional 27,000 American jobs, reducing the American work force to 64,000 or just 27% of GM's global work force. 

The new Chrysler is doing the same thing as is Ford. For every employee working directly for these companies there are 4 supplier employees providing parts being manufactured in so-called emerging economies at slave wages. 

The driving force behind this exodus of American jobs are the Wall Street moneychangers. These greedy bastards in pursuit of short term mammoth bonuses (and they'll achieve that goal) will destroy this country. Let me put this prespective: in one hour of one day, thousands of these moneychangers will make more money than you'll earn in your lifetime!!    

Congress and the president are squandering trillions of dollars and precious time bailing out systemic corrupt institutions that will do nothing but protect the Wall Street moneychangers who should be going to prison: but instead are still running this country into the ground, while a subservient congress does nothing to put cash into the real economy, leaving millions of unemployed and underemployed Americans as welfare recipients.

Millions of American jobs have been shipped off-shore and lost forever under the stewardship of your (always re-elected) so-called political leadership and these jobs won't come back and neither will this economy recover unless YOU take action now!!

In theory bailing out GM & Chrysler would make sense, but in reality both will continue to relocate production off-shore costing more American jobs. 

These industries are virtually all gone or going. Garment, steel, electronics and auto. If it can be built cheaper (and it can) somewhere else, it's going.

In the past the United States could always recover from recessions because we had a manufacturing base to build on. 

This so-called recession is a global depression far worse than the Great Depression. Don’t be fooled by the markets. Wall Street will continue to manipulate the markets right to the very end. And we are less than 9 months from a complete collapse if the incompetent and corrupt political lackeys in Washington (Republicans and Democrats alike) continue to be lap dogs for Wall Street.

What Wall Street can’t manipulate are corporate earnings and corporate cash flow and when that happens your pension, 401’s and IRA’s become worthless paper. Ninety five percent of American savings are invested in the markets. Including yours!!

As a result this country could be up in flames in less than 9 months. Just check unemployment, underemployment, foreclosures and gun sales in your state.

Hopefully intelligent Americans won't tolerate more political rhetoric chastising the Wall Street criminal moneychangers who created this nightmare while at the same time re-capitalizing them, as they reward themselves with hundreds of millions in bonuses: and now, a Toxic Bank, what a joke! Monetizing trillions of dollars (fraudulent loans) nothing more than used toilet paper.  

Unfortunately, it appears the average American has the intelligence of a fruit fly.  

The millions of intelligent Americans, I’m talking about aren’t the habitual (the government owes me) welfare clients. These are hardworking men and women who have lost (or will soon lose) everything

It's not just pension funds, add to the mix the millions of working Americans watching helplessly as their 401's and IRA's are reduced to worthless paper.

Pension fund managers (without the knowledge of millions of individuals, including you) invested in hedge funds and private equity firms: who than leveraged the pension investment to buy oil futures that drove the price to $150 a barrel. Precipitating the demise of SUV’s and pickups sales. The bread and butter of domestic manufacturers.

SMOKE & MIRRORS!

Congress has made a mockery of The Rule Of Law. And the men and women working in local law enforcement aren’t going to enforce eviction notices on their fathers, mothers, brothers, sisters, aunt and uncles either. And why should they?

The pork laden (special interest) stimulus package did nothing to restart this economy or the global economy: a global economy depended on the American consumer that can’t be re-started without American consumer dollars to drive recovery and stabilization.

BAD DEBT.

A global economy fueled (until recently) by uncollectable debt facilitated by corrupting the principle of life insurance (spreading the risk) with fraudulent so-called investment instruments. Subprime mortgages, credit cards and auto loans.

As much as thirty percent of the global economy was fueled by uncollectable American consumer debt Wall Street created by slicing and dicing derivatives: debt that drove the global economy. A global economy depended upon dumping salve labor exports into a country with virtually no manufacturering base, the USA.

Look around your office and your home; you won't find anything that's made in America. Go to any store in America and try to find any products made in America.

Virtually, nothing is made in America, so just where are the millions of unemployed American supposed to find work? There are no private sector jobs and no possibility of creating any, when the same people who create this crisis are still calling the shots.  

There is a solution and it’s contained right here and it is protectionism, it protects not only this economy, but the global economy, it’s self-financing and sets the foundation for global economic recovery and sustainable development.

Unlike the bridge loans to General Motors and Cerberus* that will allow the Big Three to shift more production to i.e., Mexico; home to 500,000 General Motors, Ford and Cerberus* auto related Mexican jobs with a 2-tier wage system, $4.50 an hour for tenured employees and $2.25 and hour for all others. Adding just another nail in the coffin. This plan provides the road to recovery.

THE “G” ECONOMIC RECOVERY PLAN

Under the “G” plan, the stimulus will go directly to the recipient:  allowing them stay in their homes, avoiding foreclosure and repossession, payoff and pay down the debt that is currently uncollectable.

Almost every dollar of the stimulus package is in someway taxable, i.e., state sales tax and gas tax. Income desperately needed by all states to fund current and future projects.

The consumer not currently in distress will now have additional disposable income to purchase enough goods and services to keep the globally cash register economies and markets afloat until the “G” Plan is fully implemented. 

1.    A massive stimulus package and I mean massive. The database is already in place: provided by the pre-existing stimulus package The “G” Plan will provide 24 monthly payments ranging from $300 to $1500. It may need to be extended even further, but with incremental reductions

2.    Excludes individuals and joint filers with income in excess of $ 125K. It eliminates unemployment compensation and food stamps for the duration. All G-20 economies will follow suit to various degrees.

Federal, state, county and local government employees including all tax-payer funded institution employees will be required to take a 10% reduction in wages with a freeze on wages until further notice.

The net effect will provide most government employees with more disposable income at the same time reduce government cash outlay.  Some may complain, for those who do, I suggest they try the private sector.

The “G” plan will restart global commerce with a graduated surcharge over 36 months (possibly longer) on all manufactured imports and out-sourced services. This plan will have little effect on trade with economies that pay livable wages by most G-20 standards.

This surcharge is a two way street. All countries may and should impose a surcharge: i.e., China, India, et al can impose an equal surcharge on all imports, allowing for an orderly transition and global stabilization as international commerce is redefined.

The fulcrum is this: trade imbalance. We import far more than we export. The surcharge on all imports will begin at 5% to 10% for the first 12 months, with a 1% monthly increase over the next 24 months. The surcharge will offset most of the direct expense of the “G” Plan.

General Motors, Ford and Cerberus* can still manufacture cars in foreign countries. Now they'll just have to produce what the indigenous labor markets can afford to purchase. This applies to all industries, not just automotive.

Foreign companies (such as Toyota) are more than welcome to sell in the USA, as long as they manufacture their products in the USA and pay livable wages.

China and other slave labor markets will have to concentrate on manufacturing products for internal consumption that their indigenous labor force can afford to purchase.

These countries really have no option, as this “depression” deepens their economies will grind a halt too.

Every sovereign nation has to develop its own economy with manufacturing dependent on internal consumption and the United States is no exception, or there won’t be a United States of America. And time is running out.

Over the years I’ve continually and relentlessly tried to find some political support to end the insanity, but to no avail. Unlike the fraudulent derivatives and sub-derivatives scams created by Wall Street this will create global economic order, not chaos.

James J. Grimes