Good Economic Policy, Good Foreign Policy, Good Trade Policy

Good Economic Policy, Good Foreign Policy, Good Trade Policy is based in drawing distinct lines of behavior that are acceptable versus compromising policy by making exceptions for industries and for certain corporations. Business Ethics compels any good administrator to abide by minimum standards. The USA for 25-35 years used tax abatement and perks to industries. This is probably the history of hiring illegals as well. So we have a number of points that have to be built in to economic, foreign, and trade policies:
-Human nature is that some politicians and corporate executives will seek power for power's sake.
-Human nature will always take a subsidy/bounty and prepare not to compete with the market, but will prepare to get the bounty/subsidy.
-If there is more money out of the country in terms of trade, investment, off shore banking, monetary leakage, competing industries, national resources, national energy needs, ...than flowing into a country then you have a problem that will burn you.
-If you sell off your countries military technology, or buy your main source of energy overseas then you have a National Security Problem.
-If you don't prepare with Alternative Energy Investment or "new" Technology or "New Science" then you put your country at a disadvantage.
-Research and Development is cheap and universities are cheap places to leverage the American Inventiveness compared to the cost of crisis management.
-If labor is cheaper overseas then the US must sponsor new engineering, new industries, or new growth areas of science through cheap competitions and cheap study grants at colleges and universities.
-Level the trade playing field if you have low industry wages overseas. Politics has never been that productive and usually costs the country in reputation politically...i.e. Chile, Nicaragua, El Salvador, Vietnam. Don't tax our industry while giving preferred trading status to China or Asia.
-Realize the cost of immigration in terms of American Infrastructure, health care, education, legal system, lost jobs, loss of knowledge, loss of skill, and ...in terms of US Dollars that flow to Mexico along with other nationalities that send US money out of the country ...Cuba, China, Poland, Russia, ETC.
-Protect the Value of the US Dollar from excessive US Federal Debt and other type of US Debt since all foreign financiers of the USA will look at the US Economy, wages, GNP/GDP, the health of our financial institutions, the health of our oil industry, the health and wealth of our baby boomers in retirement, total US Federal Debt, total US Trade Deficit, total unfunded budget requirements of $53 Trillion with $10 Trillion Federal Debt while just paying interest.
-Pre-emptive Strikes and War are not foreign policies. We have a US State Department that is full of careerist diplomats and embassies that can do without war.
-We can use military strength to kick butt even tomorrow, but we should save the cost to the nation till we are forced to us it...otherwise we risk losing too much American Wealth.

Election 2008, Longterm Damage to US Financial and Economic Systems

Each of us has to vote on principles this year in the General Election/Presidential Election. Politics are continuing as normal, but even the Gen-Xers know that nothing will change in Washington. We watch TV and wait for plans and specifics of policies, but politicians hold out so that they can please the lobbies after the election. No promises to live up to. Nothing to explain when in office. Status Quo.

But what dangers exist in the budget and the unfunded programs ...and the unfunded National Debt of $10 Trillion Dollars? David Walker is the former Comptroller General of the USA. He has been trying to expose the folly of the Federal Budget and the future crash we have to expect. It doesn't matter what your age is. You will be effected by the Federal Budget and Tax burden. Currently we are only paying debt service, not paying off any of our debt. But that is not new...it is 30-40 years old as a US Policy. We use credit instead of dollars. just like we use dollars instead of gold. I know certain people only want to hear positive words when it comes to our government policy and decision...but. Hey, you laugh at people that live above their means as foolish.

One danger is evident in the falling value of the dollar overseas. Any organization that owns too much debt faces higher interest rates on loans as the value of debt increases risk. But now the foriegn countries that have been buying US Debt are now buying US Corporations and Property at discount prices due to the "Falling Dollar". Remember in the 80's when the Japanese scared so many Americans with their property ownership. It has happened before and that was when our auto industry was stronger...

Bear Sterns, Merrel Lynch, Lehman, AIG, Enron, World Com,....Keating Five, Jack Abramoff, Sub-Prime Mortgages, Financial Derivatives, failed corporations giving bonuses to executives, Legislative Transparency and Accountability Act of 2006, ...

According to Wikipedia:

The Lobbying and Disclosure Act of 1995 (2 U.S.C. 1601) was legislation aimed at bringing a level of accountability to federal lobbying practices in the United States. The law was amended substantially by the Honest Leadership and Open Government Act of 2007.[1] Under provisions which took effect on January 1, 2006, Lobbyists are required to register with the Clerk of the House of Representatives and the Secretary of the Senate. Anyone failing to do so is punishable by a civil fine of up to $50,000. The clerk and secretary must refer any acts of non-compliance to the United States Attorney for the District of Columbia.

According to Opensecrets.org

Number of Lobbyists
1998.....10,689
1999.....13,704
2000....12,760
2001....12,075
2002....12,344
2003....13,171
2004....13,416
2005....14,547
2006....15,571
2007....15,771
2008....17,107

I don't this these Lobbyist are working for you and me, except maybe the AARP. Politicians are rewarded and lauded for spending money. But there is no reward for balancing the budget, curbing federal spending, fighting earmarks, and reducing federal programs. Who will fight in Washington to fund social security, welfare, and medicare/medicaid? Who in the "Beltway" will pay off the federal debt for our children and grandchildren??

And the "News of the Day", who will implement current financial laws and reform US financial practices? The Answer: "We don't Know and We have heard no specific plans in this Election 2008".