Economic Stimulus, Jobs Crisis, Specific Problem Areas and Specific Solutions Ideas

Economic Stimulus, Jobs Crisis, Specific Problem Areas and Specific Solutions Ideas

First consider the following problem areas.

A. Problem Area Taxes are Lower for Rich People:
1) Capital Gains, 2) Dividends, 3) Carried Interest, 4) Deferred Wages,

B. Problem Area Taxes for Social Security, Medicare not paid by the Rich (These social programs are under funded).

C. Problem Area Most People Don't Work - although women did join the work force and increase the number of people competing for jobs.  These 4 types of people require others to take care of them whether family or social programs:
1) Children, 2) Elderly, 3) Infirm, 4) Spouses at home

D. Problem Area The Alternative minimum Tax doesn't work for Rich who still have "Loop Holes", Pay "Non Wage Tax Rate", and No Definition of "effective tax rate" except for the tax in the IRS tax booklet. Taxable income and earning is reduced by some calculations, then deductions are put through further manipulations, tax credits are added in, and so on. The original concept of the AMT was for the rich to pay more, but seems they were excluded from the final law when it was passed.

E. Problem Area Congress Spends Funds that We Don't Have.

1) War over 500 Mile from this Country is Questionable, 2) There is No Trust Fund for War Spending, 3) Taxpayer's Borrow Money for War, 4) Much of Spending is a transfer of Taxpayer money to industry, 5) Too much Spending for Prisons for nonviolent crime, 6) Over 1600 Federal Subsidies, 7) Social Security Funds Stolen for War Funding.

F. Problem Area Banks Are Predatory, engage in dishonest and Criminogenic activity, One Idea: "Banks should become a Utility" managed like a the water company. It seems like a good idea, because they function to lend money and with Fractional Reserves - they are really making money "out of thin air" (transparency and regulation goes without saying if banks become a "Utility").

G. Problem Area Borrowed Money which brings up Mondern Monetary theory, central banking, borrowing money for government operations, getting loans from banks as the preferred method and not considering other alternatives than creating this massive federal deficit:

1) MMT (Modern Monetary Theory) has some different ideas. If we are the government, we own the treasury, why don't we create money and institute monetary policy, and why should we pay back money borrowed, or ... even borrow money to begin with???? Unless we borrow or lend to foreign entities we can create money without borrowing it.
2) Monetary Policy is all about making sure there is enough money in the system. If businesses can be born, and grow...if people can borrow and use credit,... then the system works. But today with dishonest deals driving out honest deals ... like the No Document Mortgages, packed and resold within hours or days. Money supply should be tied to changes in population to prevent money from getting tight as it is now. Small businesses can't get loans today (I am told). And people that want to refinance homes can't refinance.
3) Monetary Policy is supposed to work for both Main Street and Wall Street. And it has nothing to do with "pulling yourself up by your bootstraps". Today the money system is Broke. And the Economists in charge are "Neoliberalist".

"Neoliberalism is a contemporary form of economic liberalism that emphasizes the efficiency of private enterprise, liberalized trade and relatively open markets to promote globalization. Neoliberals therefore seek to maximize the role of the private sector in determining the political and economic priorities of the world."

H. Problem Area Job Creation is Really Creating an Environment For Starting Small Businesses (Small Businesses are the heart of the USA, employ the most people, and manufacture the most products - it is a myth that big giant corporations are the heart of the USA).

I) Problem Area We are transferring large amounts of funds from the taxpayer to industry through spending, through tax abatements, through public private partnerships, and through federal subsidies that number over 1600 to agriculture, oil industry, and many others like Walmart.

J) Problem Area Taxpayer funds transferred to the defense industry doesn't provide the economic stimulus that another manufacturing industry would. The economic multiplier effect of producing  goods and sending them to the market for other producers to utilize and sell as a component of their product is much less. War material is often controlled and kept out of the common market, it is often damaged or destroyed, and resale after obsolescence is often to foreign countries outside of our markets.

Now here are some potential solutions or ideas:

1) Get rid of the Central Bank (since we know they are in bed with the people that they are supposed to Regulate, the Revolving Door from the Treasury to Big Banks to the Federal Reserve proves this is one big "Club"). No one knows why the FED was created in secrecy without congress anyway.
2) Break Up All Banks that are too big to fail with Antitrust Laws (separate commercial banks, investment banks, and savings banks).
3) Stop Foreign War over 500 Miles from any one US State.
4) Stop asking the Government to Create Jobs.
5) Stop asking Businesses to Create Jobs.
6) Fully Fund Social Security and put money behind a Firewall (that is why we called it a "Trust").
7) Extend Unemployment benefits another year
8) Bring Army Troops back to permanent stations in the USA from Japan, Korea, and Germany. This means building (Stimulating) more housing, barracks, training facilities, and maintenance facilities. It also WILL Stimulate the US Economy as their money is spent in the US.
9) Create Incentive programs in K-12 through small Grants of $2000 - $4000, and in Colleges and Tech Training Schools of $5000 - $6000 to test new inventions, create contests in science, agricultural labs, greenhouses, etc.
10) Close the Department of Education since it has failed.

12) Scrape the current federal income tax scheme in favor of a progressive tax that only allows 5 deductions, recognizes wages and earnings the same way, investment dividends and short and long term profits and loses are treated with an exclusion for the first $15K earned, then taxed at 24%, interest rates for two mortgages can only be deductible up to $100K per house, there would be no such thing as a lower tax rate for "carrying fees" earned through business.  This tax plan will get Lawyers, Tax Lawyers, Accountants, Tax Accountants into other economic activities that could be helpful to the GDP and may have a multiplier effect on the economy (hopefully we can get more financial managers into manufacturing also). This may also reduce the number of IRS employees needed to review tax forms. Outlaw Deferred Wages since they erode tax base and obstruct visibility of Executive Wages Earned (nontransparent).

   A) Progressive tax with few deductions from 14% ($1-$22K per year) 16% ($23K-30K per year) 18% ($31K-38K per year) 20% ($39K-$49K per year) 22% ($50K-$60K per year) 24% ($61K-70K per year) 26% ($71K-82K per year) 28% ($83-$95K per year) 30% ($96K-120K per year) 31% ($121K-$1.5M per year) 32% ($1.6M- infinity)
   B) All wages, tips, carry fees, income treated the same
   C) Rich people pay full Social Security and Medicare taxes
   D) Allowed to own two houses and deduct up to $100K per year per house, additional houses are called investments and you can't deduct the interest paid from income taxes
   E) Head of Household and those with dependents can deduct health insurance premiums, copays, drug costs, and medical bills
   F) Investments are encouraged, loses and gains are only calculated when actually sold stocks, bonds or other financial instruments.
   G) Pensions are not taxed by the federal government unless they exceed $100K per year in which case they would be taxed at the lowest rate or 14%
   H) Personal deduction allowed, plus deduction for dependents and spouse

13) Overturn NAFTA and CAFTA
14) Stimulate manufacturing with "Economics Free Zones" in states and cities across the USA which would remove barriers to businesses, reduced taxes, reduced licenses, reduced certification requirements, no unions, reduced sales tax, reduced production tax, reduced capitol investment tax, maybe customers would not have to pay sales taxes either.
15) Stimulate manufacturing by providing small grants to trade schools and to students toward teaching them about business and how to start a manufacturing enterprise (laboratories, agricultural plots, energy and alternative energy testing projects, chemistry projects, hazardous waste control technology).
16) Stimulate manufacturing by identifying banks that would lend to new businesses, establish new small business federal loan programs at federal loan rate of 6% or 8%, identify technologies that will be trends in the future and will be focus of federal loan program (waste disposal, recycling, energy, autos, mass transportation).
17) Stimulate business creation with additional public works programs, and energy technology programs grants, loans, reduced production tax, sales tax, capitol investment tax, for businesses with capitalization below $10 Million Dollars that will produce energy or manufacture capitol equipment utilized in the energy industry.
18) Make Health Care Portable across State Lines ending monopolistic Insurance Programs.
19) Make all Student Loan Interest Rates go down to either 6% or 8% to end the predatory rates from financial organizations who get their money for free or nearly free (Fractional Reserve Lending) and who now use profits to Lobby Congress.
20) Break up the TV/Cable Monopoly with Antitrust Law. No media owner/corporation/cabal should have the power to advertise talking points and call it news.
21) Outlaw Lobbying Congress and Gift Giving to Congress (i.e. free hotels, free dinners, free vacations, free conventions, free plane rides). And accepting gifts/contributions from foreign entities by congress is treason. Campaign contributions shall be set at the same limit for all US Citizens, but corporations and PACs shall not contribute to congressmen/women. Congress shall raise money through books and speaking, but can't sell books to PACs or corporations or some rich entity.
22) SEC must be bolstered with full backing of US Treasury if it is to face big banks in court to discourage criminogenic behavior.
23) SEC probably needs manpower of 200 additional agents to investigate Fraud and Criminogenic environment.
24) Corporations need to be rated not only on their risky behavior, and for hiring unqualified personnel to create mortgage loans or other financial instruments, but also for the amount of leverage they use and lack of reserves they keep on hand (transparency is key).
25) Corporations need to be Rated for all consumers, investors, or potential business partners with regard to transparency and independent audits of Off Balance Sheet Transactions. GAAP rules are the goal for US Businesses and should be mandatory for transparency.
26) Politicians should be Rated and Evaluated when they intervene/pressure Federal regulatory offices and agencies. For Instance it is said that congress interfered with the IRS audits of Rich people in the past. The real danger is that political pressure can allow regulations to be bent without the politician knowing the full context of the US regulations or the Lobbying Entity's Activities (Context is crucial to all US systems).
27) Make Banks become "Utilities" like water or electric with profit controls, leverage controls (less than 10 to 1), fractional reserve controls (minimum on hand assets), Interest Rate controls (Student Loans at either 6% or 8%, Small Business Loans either 6% or 8%), Off Balance Sheet transaction controls (to make explicit what is allowed and what is prohibited), and transparency of credentials for bank loan officers and mortgage specialist.
28) End the Revolving Door Between Federal Regulators and the Industries they Regulate. There are rules that exist that prevent government employees from working in industry jobs for a period of 5 years under certain conditions and circumstances. Disclosure Forms can be used to keep up on job changes of government employees that want to move from the Treasury or another agency to work for the entity or industry they were sworn to regulate (this forces people to chose their careers and stick to their decisions).
29) There should be a US congressional program to monitor, control, discover, and eliminate slave labor and child labor used in foreign countries for cheap labor. If US textile and manufacturing jobs have gone over to foreign countries, then we should have certainty that the labor rate is not a slave labor wage. We should not lose manufacturing to slave labor.


http://www.truth-out.org/have-super-rich-seceded-united-states/1326127151
http://www.youtube.com/watch?v=36kizAjPmuo&list=PL0F4ACDBAAD6AA9CA&index=2&feature=plpp_video

Brief 17 minutes run down on current environment: http://www.youtube.com/watch?v=u9Qe0HlKKfw
 Teaching session 56 minutes: http://www.youtube.com/watch? feature=endscreen&NR=1&v=6YT84CokUsA Controversy about firing US AG: http://www.youtube.com/watch?v=I12oDVr2RZQ&feature=related

http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
http://www.mediafreedominternational.org/2012/01/26/wachovia-bank-laundered-money-for-latin-american-drug-cartels/
http://www.nakedcapitalism.com/2011/04/wachovia-paid-trivial-fine-for-nearly-400-billion-of-drug-related-money-laundering.html

http://www.npr.org/rss/podcast/podcast_detail.php?siteId=7495773   Robert Reich 
and here is the Blog from Robert Reich on Truthout.com 
http://truth-out.org/opinion/item/8214-break-up-the-banks-says-the-dallas-fed
http://www.pbs.org/wgbh/pages/frontline/money-power-wall-street/  
http://en.wikipedia.org/wiki/Savings_and_loan_crisis  (1980s and 1990s) ( total cost for resolving the 747 failed institutions was $87.9 billion)
http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932010
http://www.dallasfed.org/assets/documents/fed/annual/2011/ar11.pdf  
http://www.neweconomicperspectives.org/2011/09/william-black-why-nobody-went-to-jail.html

http://therealnews.com/t2/index.php? option=com_content&task=view&id=31&Itemid=74&jumival=7926
http://en.wikipedia.org/wiki/George_Akerlof
http://en.wikipedia.org/wiki/William_K._Black
http://en.wikipedia.org/wiki/Yves_Smith
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
http://ideas.repec.org/a/bin/bpeajo/v24y1993i1993-2p1-74.html
http://www.walmartsubsidywatch.org/
http://en.wikipedia.org/wiki/Accounting_scandals
http://en.wikipedia.org/wiki/Accounting_scandals#Notable_accounting_scandals
http://news.brown.edu/pressreleases/2011/06/warcosts  
http://billmoyers.com/episode/full-show-how-big-banks-are-rewriting-the-rules-of-our-economy/  
http://en.wikipedia.org/wiki/Neoliberalism  
http://www.commondreams.org/view/2011/04/02-5  link on neoliberalism

Banking Reform, Economy, Globalization, Unemployment, US Budget, US Banks, US Congress, US Debt, US Politics, Federal Reserve, Lobbying, Revolving Door,

US Politics Prevades our lives, Perverse Incentives

US Politics Pervades all of our lives.

The secret is to control the narrative, then you control the facts and the truth. I am told that investigative reports have been laid off in the USA. So much of what we see on the Internet and cable news is a repeat of news that was previously written and released.

You can call US Politics and US Business spin "Public Relations". But why don't we call things what they are. I first started learning about politics when President Nixon was being impeached on TV. Then I remember Jimmy Carter saying how we needed to work on Alternative Energy. Then Ronald Reagan charged President Carter with increasing the US Budget, and US Budget Deficit. Then of course Ronald Reagan had budgets that were multiples of Jimmy Carter's budgets - taking the budget to $3 Trillion Dollars building up the Defense Department and fighting what was a cold war (one with very few bullets fired).

Later on we learned that the Vietnam War was started by a "False Flag" operation in which a US Ship was shot by US military in order to declare a war that was never intended to be won. The Social Security Trust Fund was raided in 1967-8 to fund the Vietnam war (a war 5000 miles away, which we had been involved in since 1959, and which had nothing to do with American citizens, American Soil, or American common interests).

So we have a War Department not a Department of Defense. And we have propaganda, political spin, and shills like Bill O'Riley on Fox news mouthing words written by Public Relations, corporate, employees. And we have politicians who transfer US Taxpayer dollars to one of our giant industries.

But historically politicians have always had some weak ethics and morals. Take your pick. We called US Indians savages to take their land to build this country under an excuse called "Manifest destiny" (American progress to build a strong economy). But how is it we don't know so many things about our world history and US History. Politicians didn't want you to worry about how our government has been involved in regime change in many countries over the last 100 years.

Did we forget about Iran Contra? That was where the CIA was caught moving drugs around the world to fund operations around the world that weren't approved by congress. Did we forget that congress is supposed to authorize use of military and military support programs in foreign countries. yes. And congress is supposed to declare war before we go start wars in foreign countries too. Naw, congress doesn't want to sign off on US Budgets and US Wars. The US Congress doesn't want to sign off on any CIA programs either. Signatures can hurt elections.

Well Iran Contra involved the US Government and CIA funding, training, and supporting the abusive government(which killed and tortured people all over Nicaragua). The Sandinista rebels were minding their own business in their own country. The US Government didn't have any business in Nicaragua. It turns out the CIA was recruiting and training Nicaraguan National Guard soldiers. Hm,...why so covert??? If it was above board and moral, why wasn't it the US Army that trained the government soldiers?

Because we have a military industrial complex (MIC) that is big business. And if the MIC wants to lobby why not have a war in Iraq??

US Politicians control the narrative even beyond the borders of the USA. The major media outlets carry the news world wide. It is pretty hard to tell the truth with so much Spin, and self serving propaganda (both government and corporate).

Say, you don't think if US Congressmen will allow a war in Iraq without any evidence... they wouldn't cover up massive Fraud on wall Street, or the systemic risks to financial systems posed by Financial Derivatives (CDS,CDO)??

Surely the US Congress would not sanction too big to fail banks that have grown 33% since 2008 and who now control way too much of our banking and economy.

The problem that I see is all of that, but also we have perverse incentives in business that encourage fraud, encourage out sourcing of jobs, encourage layoffs, and don't encourage building businesses and invention.

It appears that the US wages and European Wages have been too high for the last 20-30 years. It appears that national strategies in the US and Europe are to bring down the wages and benefits. This probably means bringing US quality of life down as well.

US Politics, US Budget, US Congress, US Government, US Deficit, Vietnam, Iraq War, Afghanistan War, Social Security, Pension Funds, attack on wages, off shoring jobs, national security, quality of life,

Letters and Essays to President Obama

Mr President, Sir;

Let us take the power back and gain control of our budget now. We can see the terrible human cost as well as the Billions wastefully spent in war. Let us learn from the efforts to colonize the world by the Dutch, French, Spanish, British, Portuguese, Germans and Russians. Reduce the US Military Footprint overseas so that we can realize government control of our budget. The same waste can be seen in our bloated prison industry and War on Drugs. There is no success in having the highest percent of people in prison of all other nations. There is no success in the War on Drugs when our money is driving drug gangs to organized crime in our country (like prohibition).

1) Reduce battlefield contracts in Iraq
2) Reduce Iraq to a Small Police Action of 20,000 troops
3) Remain steady in Afghanistan and look for force multipliers, and State Department solutions 4) Legalize Marijuana to stop US Dollars that enrich and drive the drug gangs
5) Free prisoners that can possibly be seen as users and not traffickers
6) Find ways to help young males have pride and hope for the future instead of being convicted felons
7) Let us realize that making war and sustaining war is far more harmful than smoking pot or so other consensual crime where no one is hurt
8) Let us take taxes from legal drug sales like alcohol, marijuana and tobacco and do good things with health care and education
9) Let's assess the true cost of war in a very public way

Sincerely

It's War in Mexico, Mr. President

Sir, Mr President;


It is a new day. Mexico is at WAR! And we must reassess our National Security Objectives and Operational Plans. We need to Reassess our Defense Plans and where we are spending our Homeland Resources.

I have to add this to my National Security Objectives below to the #4 Priority. If you saw the New york Times today, then you are also reflecting that we haven't had a War on our border for like 80 years (Mexican Civil War 1910-1928?). Clearly our country is now at an increased DEFCON (Defense Condition) as a Result of the War in Mexico with itself. Likely we would call it an insurgent war by drug gangs, rather than a Civil War. But why doesn't the media realize this is an immanent threat?

Mexico is tearing it self apart because government institution are afraid of the "Drug Gang Violence".

Of course some Americans have been waiting for a reason to pull US Troops back to our borders. And some will be thinking that Tom Clancy anticipated that Islamic Terrorists befriending Drug Dealers to draw the war back from Iraq to Mexico or the USA.

Clearly if we can strengthen our borders, it will meet National Security Goals by repelling "Foreign" drug gangs and drug trafficking. "Let us not spend a fortune overseas on foreign adventures" against stateless insurgents. We NOW have insurgents on our border!

Dear President Obama

President Obama;


The Budget being a central piece to the US Economic and National Security Strategy, I wanted to present a Template for viewing some of our possible Expenses:

1) Scratch any Action for Occupying Force Overseas of 200,000 or more Troops (It is not part of the Quadrennial Defense Review or any Military Plan anyway.
2) Scratch any Planning for Large Police Action overseas involving 100,000 troops or more. In the Long Term is not sustainable and we know the Logistics Tail with Civilians and Contractors is a Trillion Dollar Enterprise (an unthinkable Expense at this time when we need budget dollars in infrastructure).
3) Scratch any Planning for Medium Sized Police Action overseas involving 50,000 to 100,000 troops. We know that in the Long Term this is not sustainable past a few years, since this also involves huge Expense of half a Trillion Dollars and a long Logistics Tail with Civilians and Contractors.
4) Small Sized Police Actions Overseas are sustainable over the Long Term, because we are looking at 20,000 Troops with some support from the Navy and a modest Logistic System which repairs equipment in the USA where US Wages are paid. The army LOGCAP contracts for Base Support would be affordable in the Millions of Dollars. A clear objective would be mandatory to any Small Police Action and would be key to any exit strategy. Also these small military actions can be run simultaneously.
5) Clearly the world expects us to use the State Department and Embassy Resources in the next decade to avoid new conflicts. State Department budget is pretty much a sunk overhead cost of running a government. So there is no real Additional Expense.

National Security Agenda:

1) Economic Stability for the USA and for the World. Clear threats are Financial Transactions and Instruments as well as popular unrest from loss of livelihood and savings.
2) Energy Stability
3) The presence of Freedom and Individual Rights in North America and Central America. Freedom is derived from Social Education, Social Medicine, and a healthy Economy.
4) Global Drug Lords will grow in power as they are able to hold on to distribution networks and make retail sales in the USA and Europe. We need a new approach here as we can not measure any real or lasting success. Perhaps if we can not seal the borders (drug shipments) then we must consider legalizing Marijuana to cut off some of the funds of the Drug lords/Gangs.
5) Big Business and Lobbyist pull on Washington DC does not seem to produce any measurable "Good". Clearly we agree that money is a persuader and a corrupter, but it doesn't write good laws. And how can we tolerate lobbies from foreign countries - When the common man doesn't have access to a like minded Representative in DC.
6) The SEC Staffing is very low. I remember a few years back hearing that the SEC had only 200 working manyears (active employee).
7) Credit Card Interest Rates above 18%.

------Pasted----from my first Essay-----Clearly President Obama should distance himself from Republicans and move away from Bipartisanship. The present system is very confused by the old status quo.

1) you have the wasteful meetings and speeches from the Republican side who just want to push back, fight, and make the democrats lose the next election. Well also I think they want to continue all of the old policies of free markets with no Regulation by the FED, they want to enjoy the fruits of lobbying, they want to continue to be in bed with big business (no matter the cost in taxes or civil rights), just so that they can be part of the big deals and feel like they have power. (okay the Dems must be feeling this too at times- power corrupts!).
2) Lobbyists from all over the globe want to right the next set of rules and sway both the President and Congress/Senate.
3) When was the last time you saw change in the Republican Party? Some guy was on CNN again saying that the Republican Party was re-crafting it image or "Core Values" If you are like me what comes to mind is the McCarthy Doctrine (McCarthy Purges?), or the Bush Doctrine, or the Paul Wolfowics Doctrine.
4) It is the Budget Stupid! We have created a Prison Industry and Defense Industry that are both making people millionaires and Billionaires at a cost of Trillions of US Tax Payer Dollars.
5) The Defense Department is the gift that keeps "Taking". After a Trillion dollars in Iraq and Afghanistan there is no end in sight. And by a strange convenience no one is talking about the Trillion of Dollars it will take to bring back the Armed Forces and over the next 7 Years bring all the equipment back to Peacetime state of readiness.
6) Now lets go back to the "War on Drugs" which can not show any success measured by our American Youths or by our Prison Enrollment. We have spent at least a Trillion Dollars in the war on drugs...we should include US State Department freebies in terms of Grants, and Loans to Mexico and South America.

Summary: We should have the right metrics in mind when we look at Government Program SUCCESS. We can't continue American Status Quo...in politics...in Lobbying, in Body Count, in having the best Military force deployed to far a way lands...and in terms of Arrests and Imprisonments. We have to measure success in terms of moving from the status quo of interference with Federal Government (Lobby & Political Quagmire).

President Obama - Implement - Implement - Implement

Obama's Inheritance and Agency Implementation

The Deeper You Dig, The bigger the Problems facing the USA.

The Follow up on Federal Spending and Legislative Implementation is "Poor" in the USA. We overspend and agencies don't perform what we think they should i.e. the SEC, the Federal Chairman and the Secretary of Treasury. Federal Contractors know how the system works and know how to expand and become important Contractors with bigger roles/missions in our country. U.S. agencies and Congressmen know how to do this too. In fact it is a law of nature that men and women will seek security and larger pieces of the pie for which they compete. The SEC should have been expanded decades ago, but we trusted the banking sector to regulate themselves...In a sense we "Out-Sourced" the banking sector.

Question: Don't you think we could have spent Federal Trap/Bailout money to stand by home mortgages to reassure investors holding mortgage paper. That would have made the people all over the world feel safer with the investment derivatives.

Clearly, the state of the union needs to be examined with a focus on realism that George W. did not provide. Many of our National U.S. problems are really National Security issues now. I'm not talking about torture or phone taps just yet...I am talking about Energy Policy, Pursuit of Alternative Energy, Foreign Policy, First Strike War Policy, Use of the State Department and U.S. Embassies, Federal Regulation of U.S. Industries that did not regulate themselves such as Insurance, banking, and Financial Brokerages, Foreign Trade Deficit Policy, Federal subsidies to all industries, Federal Budget Accounts with Deficits such as Medicare and Social Security, the Federal Tax System, Iraq War, and on and on and on.

The more you look to the new President's Administration for reforms you realize that the U.S. Congress and Senate don't provide oversight of the implementation and administration of legislation and budget dollars. When you find yourself fed up with big federal systems like our tax code you should realize big complex systems should be eliminated to save administrative costs and no value added to our economy. Big Federal Systems exist everywhere.

Obama's Inheritance beyond the Iraq War is an ineffective if not bloated Federal Government. There is plenty for the Federal Government to focus on without telling individual Americans how to live their lives or without telling Federal Agencies what to spend their budget money on. Delegate and then hold Agencies responsible for implementation or requesting guidance. Then demand the three branches of Federal Government immediately respond with guidance or interpretation of Federal Law.

Clearly the early Vision of the Obama Presidency must include pristine ethics, Constitutional Rights for all People, and a "Jaundiced Eye" on the Economy, Subsidies, Imports, Big Business, Budget Spending, Banking Reform, Efficiency of Federal Budget, Accountability, and Federal Lobby Reform.