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Why Raising IEOSD Will Create Millions of Jobs.Low interest rates are helping only one group, the richest people in America, and the greedy, 1%. If the Austerity mongers gets all that it wishes; ending Collective Bargaining, cuts in pensions, Medicare, Social Security, laying-off millions of people, what will happen? The discretionary income of approximately 80 – 90 million people will be all but annihilated. The companies whom they support by buying goods and services will be diminished and those companies they were patronizing by buying goods and services will go bankrupt and added to the present 31 million out of work and underemployed will more than double making the depression of 1929 look like a lark in the park. Austerity is exactly the worst approach. See the success of Argentina, Brazil, and the Northern European nations like Sweden, Norway and Denmark, who used FDR’s processes. One does not pull back on marketing when business is dragging it increases and improves marketing. There is right now $7.77 trillions in savings in US banks at a near zero rate of IEOSD-(Interest Earned On Savings Deposits) yielding to depositors next to nothing. Instead of the depositors gaining the banks are keeping it and doing nothing with it. At a rate of 5% on IEOSD the $7.77 trillions would yield $385 billion dollars, which, if given at least that rate of 5% (IEOSD) as was the case before the attack on Iraq) estimates say the depositors would pump into the market place about 75% - 90% of that money. The 99% own about 50% ($192 Billions) of that cash. They would spend or invest it quickly and thus will create sales and jobs. The present rate of near zero IEOSD pumps NOTHING into the economy and Mr. Bernanke wants to keep it that way for almost three more years, while the banks are keeping the interest which depositors, should be receiving. I further suggest that Either by an Executive Order or a new Bill ad huge excise taxes on all currently outsourced jobs which bring outsourced goods to meet or exceed prices of similar goods made in one of the 50 states of the USA. The United States has had a public debt since it’s founding in 1791. Debt relative to GDP rose rapidly during the 1980s under president Ronald Reagan, whose economics policies increased military spending and lowered tax rates. Gross debt in nominal dollars quadrupled during the Reagan era as well as during the era the senior Bush presidencies between 1980 -1992. The net public debt quintupled in nominal terms. Debt held by the public had declined from 28% to 26% of GDP in the 1970s; by contrast, it rose to 41% of GDP by the end of the 1980s. But all of that money went to corporations who grew NO new jobs. You cannot spend money and lower taxes at the same time that is like quitting your job and buying a new house. “Economist Mike Kimel notes that the last five Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country’s indebtedness. Economic historian J. Bradford DeLong, former Clinton Treasury Department official, noted that the contrast was not so much between Republicans and Democrats, but between Democrats and "old-style Republicans (Eisenhower and Nixon)" who on one hand (decreasing debt), and "new-style Republicans" on the other (increasing debt). D.Stockman, director of the OMB under President Reagan, in an op-ed in the New York Times, blamed the "ideological tax-cutters" of the Reagan administration for the increase of national debt during the 1980s." PART ONE: I suggest a petition to raise Interest Earned on Savings of Deposit to bring to Americans with savings in banks $385 billion dollars which would be pumped into the economy raising jobs. PART TWO: I further suggest that Either by an Executive Order or a new Bill ad huge excise taxes on all currently outsourced jobs which bring outsourced goods to meet or exceed prices of similar goods made in one of the 50 states of the USA.1 of 100 SignaturesCreated by Professor Peter Bagnolo
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Senate Hearings on Romney’s Offshore Tax SheltersWhat’s Willard (Mutt On Roof) Romney Hiding in His Offshore Tax Shelters! Let’s Find Out Before People Can Vote For Him Not After!4 of 100 SignaturesCreated by Ted Plake
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JOBS JOBS JOBSJobs creation is still #1 issue. President Obama is on top of this. People are still hurting and getting tired of Republicans constantly changing the subject they said they would work on.1 of 100 SignaturesCreated by Miriam Busby
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Income InequalityRaise taxes on people making 200,000$. Redistribute the nation's wealth.7 of 100 SignaturesCreated by Travis Hinkley
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Pay Your Fair Share of Taxes - Ethics, not just Legal ComplianceAll patriotic Americans (including corporations) should be willing to pay their fair share of taxes - based on ethics, not just the letter of the law. This means that you will not allow your blind trusts to put your assets in off-shore accounts or tax havens. This means that you (or those working on your behalf) will not evade taxes or exploit ethically questionable loopholes. This means that when you run for public office you will release for public scrutiny all of your financial records and tax returns for the past 10 years.2 of 100 SignaturesCreated by Karen
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Let's help each otherThe power outages of last fall and this past week along the east coast and the fires out west need out attention. We can help each other and the nation by encouraging all of our elected officials to do the following: 1. Start burying the power lines NOW-spend the money here. 2. Hire returning vets with many, many different skills to do that, to train to fight fires when needed, to rebuild the lost homes, businesses etc now and each year.4 of 100 SignaturesCreated by Mary Bishop
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Tell President Obama to Make Trade FairI have worked at the Trane Company plant in La Crosse, Wisconsin for over 12 years. I take great pride in the work I do…when I have it. You see, outsourcing of good jobs at the plant has become an all-too-common occurrence. Three production lines at the factory have been shipped overseas to China and Mexico in the last five years and I have been temporarily laid off more times than I can count. Hundreds of good jobs in La Crosse are now gone and many of my co-workers have been forced to leave La Crosse in search of other work. It’s hurt local businesses and taken away badly-needed revenue from our schools, hospitals and libraries. And I know we aren’t alone. Millions of jobs have been offshored because of lopsided trade deals that have put the interests of corporations over the interests of working families. That’s why it is so important we get the next trade deals right and we have a chance right now. U.S. trade representatives are currently negotiating the Trans-Pacific Partnership Free Trade Agreement (TPP FTA), which will be the biggest trade agreement in U.S. history. To ensure this trade agreement works for working families and creates and protects jobs in the United States, I'm helping gather signatures for an emergency petition delivery from working families on July 9 in San Diego during the next round of the TPP FTA negotiations. Please sign my petition now to urge President Obama and U.S. Trade Representative Ron Kirk to negotiate a trade policy that creates good jobs in the United States, ensures all levels of government can Buy American, protects workers’ rights and stops foreign corporations from skirting U.S. laws to help their bottom line.9,976 of 10,000 SignaturesCreated by Susan Snell, Trane Company worker in La Crosse
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American EurailThe Eurail system has revolutionized European transportation, created tens of thousands of jobs and prevented an EU dependence of foreign oil for transportation needs.4 of 100 SignaturesCreated by Cliffc
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SHORTER WORK WEEK NOW!When back when, FDR considered creating a shorter work week to help creat jobs. It can work now! ALL the other industrial countries have 32 hour workweeks AND 5 week vacations mandated by law (even for part time workers). It's a way to creat significant numbers of jobs.23 of 100 SignaturesCreated by Fernando Da Costa
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Defense BudgetCut Defense spending by 10% and balance the Budget2 of 100 SignaturesCreated by Pat mcNally
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Credit ScoresMedical bill collections are ruining individual credit scores. This prevents people from being able to purchase items on credit which in turn is destroying our economy.1 of 100 SignaturesCreated by David Coffey
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Congress: Reduce government regulation!Government regulation is a hidden tax perpetrated against the American public. Bills are passed in congress with little regard to the bureaucratic cost of implementing them. Urge Washington to include in each bill an estimated cost of what it would take to enforce or enact each law.5 of 100 SignaturesCreated by Phil Meredith