Posts Tagged ‘2010 Elections’

Greg’s Newsletter, Keeping the American Middle Class Informed-March 09, 2009

March 9, 2009

Just So Everyone Knows Where I Stand in my run for the US 3rd Congressional District of Tennessee.

* States Rights – The ever growing influence of Washington on individual states has got to be curtailed, the economic burden by Federal Governmental mandated programs is adding to this economic down turn in state budgets. It is not the Federal Government’s mandates to provide social, moral, and economic direction for the individual states.

* Work with state and local leaders to find new ways of attracting businesses to East Tennessee. Tax incentives are okay but we need to sell our people’s abilities in performing the work required for the jobs of potential companies wanting to relocate here. This can be assisted by trade specific training programs through state and federal training programs, working with the potential companies. We, as a country, will have to build things and sell things to begin to turn this service based economy around into a manufacturing based economy, once again.

* Lobbying Reform – With over 41,000 lobbyists and only 535 elected politicians, where is the representation for the American voters. I believe lobbyists should produce a public “Economic Impact Statement” stating their goals and costs with public repercussions for the lobbyists and politicians if proven misleading. A five year moratorium for politicians turning lobbyists.

* Remove the tax incentives for corporations to ship our jobs out of the country. Over the last several years, there has been the greatest transfer of wealth in human history, without a shot being fired. There has been a general misconception that we must embrace the new world economy. We have always been in the world economy where as our products were the most sought after in the world until the premise that cheap was the better way to go. We must give tax incentives for companies to stay in the US and hiring American workers.

* Small business is the backbone of our economy, reduced tax rates for keeping their businesses in the USA, hiring legal American workers, and elimination of capital gains for businesses smaller than $10 million per year in gross sales would help grow our small businesses in the USA. Currently 70% of the nation’s workforce works in small businesses.

* Re-instate the Anti Trust Laws back to where a corporation cannot influence an entire market by its percentage of ownership of a given market. Example: When the financial market and the government states we cannot let any of these financial entities fail or the entire economy will fail, is not the influence a corporation should have in this country. We can either break them up, there could be a precedence established in the 80’s by the breaking up Bell Telephone or a graduated tax system where the higher percentage in total sales in a given market, the higher tax rate the corporation will pay. This will assist in establishing competitive free enterprise again, not market control capitalism.

* Create a new Treasury Bond that stays separate from the normal bond market. It will be called an “Economic War Bond” for individuals which should have an interest rate 3% above existing prime rates. This will give real incentives to save and the Bond Program will be used to invest in our small businesses in our country by using those funds to invest in small businesses ($10 million in annual sales or less) that have shown profitability in the last 2 to 3 years and keep their operations in this country and hiring American workers. This 3% over prime will be offset by increased tax revenues from more small companies prospering and an increase of American workers working at good paying jobs. If our government and Federal Reserve can give TRILLIONS to the financial industry, with little to no oversight, then they can give us incentives to save and base our economy on real money, not credit. Credit maintains the control of the economy to banks and lending institutions, they have shown us they are not good guardians of the economy and a cash rich economy will be controlled by us, the buying public. This would also instill competition within the banking industry to compete with the government bond program.

* Review the 1500 plus secret trade agreements and re-negotiate them with our economy, as a whole, for negotiation, not just for the benefit financial powers that put our politicians into office.

* Regulate the credit card corporations where they must have interest rates that are aligned with the overall interest rates throughout the financial industries. This will make them qualify the people who they send the cards to, not just to anyone that can breathe. As with any other loan, the card holder must prove they are capable of paying for the credit card. When they have interest rates at 20% to 35% that is usury.

* Remove the secrecy from the financial industry, public disclosure is paramount of the investors of these corporate entities that have directed the changes that have caused these economic problems. This would include hedge funds, sovereign wealth funds, credit default swap companies both insurers and the insured, and major stock holders of corporations. The CEOs are just guardians for the major stock holders.

* Secure the US borders and enforce our current immigration laws.

* Term Limits: Senators 2 terms = 12 years, Congress 4 terms = 8 years, Federal Judges (including the Supreme Court) = 15 years.

* Freeze all Federal budgets: Except for Congressional and Presidential declared national emergencies. The only way a department can increase their functional budgets is to reduce true cost within their departments. Current Deceptive Way They Use: If a department wants more money for operations, they request 20% increase and are given a 10% increase and state they saved 10% in their budget. When they are truly getting a 10% increase from the previous budget.

* Eliminate the off budget budgets. All things must be publicly budgeted on the government’s budget. At the end of the Bush Presidency the off budget size was the same size as the declared budget.

* Reduce the enormous amount of money needed for the election campaigns. This can be done through the FCC. Having a broadcast license is a privilege not a right. Networks must have time dedicated to the election process in all time periods, both national and local. I have a plan that goes into to much detail for this outline.

* The Social Security System was established for assistance for our citizens in their retirement years. We need to go back that being the basis of the program. Currently the politicians use it as a slush fund for what ever they think is pertinent to their wishes. Example: The wars in the Clinton and Bush administrations were, in part, funded from the Social Security System, not totally but major parts of them when they decided to go to war. The Supplemental Security Income must be reviewed and get people off the program, except the ones that truly need it. This whole program has been just an addition to the welfare programs that were established after the welfare system was revamped.

* Instead of labor unions, how about incentive programs on job performance. It would reflect the overall performance of the work force and when the company reflects a profit, the workers in all facets of the company receives a portion of the profits. Workforce safety standards are currently part of the government’s mandate. We must perform our duties as employees to better the financial position of who we work for, so each employee benefits from the company’s performance.

* Change the way the Federal Reserve does business. Included on in the Federal Reserve board must be representatives from the administration, the legislative and judicial branches of government, all with equal voting power on the board. No more private bankers running our monetary system without people’s representation in it. I would like to eliminate the Federal Reserve but it is not going to happen with the current way government functions.

* More public referendums at the Federal level. This will push us towards a true representative government. This will also give more interest in how our country is governed to the general public if they knew they had real input to the laws guiding our lives.

* 401ks and all retirement accounts have safe guards built into them that if their stock investments drop dramatically the accounts automatically changes over to the safest investment possible, i.e. government bonds and securities. Since the stock market has become a gambling casino and the extreme cycles of highs and lows, many because of the enormous size of the investment companies controlling the direction of the daily market activity, this would give more stability to the market if they knew 100s of billion of dollars would be coming out of the market. This would also reduce the impact the hedge funds would have on the market. It would also establish competition between the market place and government bonds.

* Increase tax deductions for corporations and individuals who donate to nonprofit programs that assist with people issues. Example: for every dollar donated they get two dollars in tax credits. This should go a long way in easing the economic burden of the government’s welfare spending.

*  No more wars started exclusively by an administration. It must seek Congressional approval before committing this nation’s military to war and it must have the Declaration of War before we commit, as per the Constitution. It isn’t just Bush, Clinton did it in Bosnia, Johnson did it in Viet Nam, and Truman did it in Korea. If there is ever an attack on the US, I guarantee the Declaration will be immediate. We can never attack a sovereign nation again, no matter how an administration wants us to perceive the danger. We were fooled once and the world responded by seeing the US as an aggressor nation.

* Education – Reading, math, science, and Constitutional American History must be a top priority in re-establishing our competitive edge in a free market society. Enough with teaching self esteem and have no skills to compete in the 21st century. Failure is the best teacher for improving ones self esteem because when a person fails at something, they learn not to do it that way again. Then when they have success, their self esteem will rise above anything coddling a failure can produce.

* Upon getting good paying jobs back into our country, we can work towards a single working parent and have the other parent full time raising of the children. This would instill unity within the family unit. This may also instill in children that TV and video games are not the answer for a fulfilling childhood because the parents would hopefully get them out of the house to be a creative individual.

* Global Warming: My belief on this subject is there is not enough data to support all of programs and taxes associated with this issue. I see an avenue for the government to bring in large amounts of ours nation’s wealth through taxation. These programs, I believe, will be a major contributor to the administration’s promise to reduce the deficit in half by the end of their first term. One thing we have seen though, once the government gets more money, they just spend more money. I have seen convincing data where the sun’s cyclical nature has more affect on the earth’s environment than anything man can or has done. We need to be cognizant of the earth’s environment but not the approach I am seeing. I see the way for the government to control more of the economy through taxation and further regulating our lives.

If you have issues with what I stand for, please email me  at… greggoodwin4congress@comcast.net
with your concerns and I will respond to them. Thank you. Greg Goodwin 3/9/09