AMERICAN MINDSETS

To: mwernimont@gmail.comCC: samnett@msn.comSubject: RE: American MindsetsDate: Sun, 7 Feb 2010 15:23:40 -0700


Hey Mark, Thanks for the e-mail. Notice that I didn't mention democrats or republicans. Liberals and Conservatives were both admonished. I don't know how old you are but I was born during the great depression. I remember the depression, WWll, The GI Bill, the 90% tax bracket for the extremely wealthy (used to fight off Marxian economics predictions and a third world status for the US), Social Security implementation, AFDC, APTD, AB, OAA, Nursing Home development, Mental Health facilities, one worker families, $25.00 College Tuition, fair medical cost, no mandated insurance (Auto, Medical, Housing, business or any other), no sales tax, Medicare, Medicaid, Civil Rights, $20.00 fines for barroom brawls on Saturday night, limited problems with drunk drivers, politicians that cheated for you instead of against you, statesmanship when facing an ignorant public, legal drug use and tolerance of illegal use, banks and financial institutions that were fair, loan sharks that were cheaper than current credit card companies, and on and on and on.

I also remember the "wonderful" Eisenhower years when I couldn't find a job and the beginning of the current crisis when Ronald Reagan went back to the 20's for his economic structure. Until the money supply equals the value of idle resources, including the labor supply, plus balanced pricing and production capability and maintains the money flow cycles, the slow growth boom bust condition will doom capitalism and the free market. The problem is too big without government direction. We are currently locked into a system that won't work in this century.