Ishmael
Literotica Guru
- Joined
- Nov 24, 2001
- Posts
- 84,005
"Choke off the money supply."
Of course letters from Rahm are seemingly nothing more than political grandstanding on his part. The problem is his longstanding ties to the current administration in DC.
So how is this choking off of the lines of credit going to be accomplished? Dodd-Frank, anyone remember Dodd-Frank? That massive piece of misbegotten legislation contains many things within it, some good, mostly haphazard and bad. But what it did do is form a virtual partnership between the government and the nations largest financial institutions.
For decades now the federal government has used the tax codes for the purposes of social engineering. And while this exerted obvious influence on both individual and corporate behavior, both parties continually adjusted to minimize the impact of the tax codes. The problem for the government was that the tax code is an open loop impact. Meaning that in the attempt to control any process there must be 'feedback', a method of closing the loop so as to be able to maximize the control.
Dodd-Frank closed the loop. The government now, in addition to being able to control via taxation, now has the ability to exert control via lines of credit. It is inevitable that as time goes by this newly minted power will be used to leverage other domestic industries subject to the whims of whatever political party hold the reins of power.
There is little probability of any truly revolutionary gun bans passing through congress, no matter the wildest dreams and fervor of those that seek a total ban. Political reality will trump dreams at every turn. But the will of congress can be circumvented via a law that they passed some years ago. The laws of unintended consequences rears it's ugly head once more.
Initially only the domestically owned firms will be effected, like those specifically mentioned in the news blurb. The foreign owned firms (Winchester, Browning, etc.) will be unaffected because their lines of credit are beyond the reach of the US administration. Of course the administration can try to use diplomatic leverage to accomplish the drying up of those lines of credit as well, but I doubt that there will be any real progress there. I just can't think of a single nation that is sucking dollars out of the US economy to the benefit of their own economy will be tripping all over themselves to succumb to the pressure, most certainly not the Chinese or Russians.
This leaves the remaining domestic manufacturers but two alternatives, sell to foreign investors or seek foreign lines of credit (or just shut down). Further eroding the domestic economy.
I'm sure a lot of you will applaud this forthcoming action, after all it's not your ox being gored. But let me remind you of the big stink regarding the Bush administrations tapping of foreign phone calls. I remember how incensed you an the left were over that administrative effort. And here we are almost 10 years later with one of your guys in the white house and he's not only NOT terminated the tapping of those calls, he's actually expanded the effort, just as I predicted back when. The same can be said of the foreign military interventions, including the prosecution of drone attacks on a non-combatant powers sovereign territory.
My point here is very simple, eventually there will be a republican/conservative in the white house again. That too is inevitable. And how are you on the left going to feel once your ox is getting gored?
Ishmael
Of course letters from Rahm are seemingly nothing more than political grandstanding on his part. The problem is his longstanding ties to the current administration in DC.
So how is this choking off of the lines of credit going to be accomplished? Dodd-Frank, anyone remember Dodd-Frank? That massive piece of misbegotten legislation contains many things within it, some good, mostly haphazard and bad. But what it did do is form a virtual partnership between the government and the nations largest financial institutions.
For decades now the federal government has used the tax codes for the purposes of social engineering. And while this exerted obvious influence on both individual and corporate behavior, both parties continually adjusted to minimize the impact of the tax codes. The problem for the government was that the tax code is an open loop impact. Meaning that in the attempt to control any process there must be 'feedback', a method of closing the loop so as to be able to maximize the control.
Dodd-Frank closed the loop. The government now, in addition to being able to control via taxation, now has the ability to exert control via lines of credit. It is inevitable that as time goes by this newly minted power will be used to leverage other domestic industries subject to the whims of whatever political party hold the reins of power.
There is little probability of any truly revolutionary gun bans passing through congress, no matter the wildest dreams and fervor of those that seek a total ban. Political reality will trump dreams at every turn. But the will of congress can be circumvented via a law that they passed some years ago. The laws of unintended consequences rears it's ugly head once more.
Initially only the domestically owned firms will be effected, like those specifically mentioned in the news blurb. The foreign owned firms (Winchester, Browning, etc.) will be unaffected because their lines of credit are beyond the reach of the US administration. Of course the administration can try to use diplomatic leverage to accomplish the drying up of those lines of credit as well, but I doubt that there will be any real progress there. I just can't think of a single nation that is sucking dollars out of the US economy to the benefit of their own economy will be tripping all over themselves to succumb to the pressure, most certainly not the Chinese or Russians.
This leaves the remaining domestic manufacturers but two alternatives, sell to foreign investors or seek foreign lines of credit (or just shut down). Further eroding the domestic economy.
I'm sure a lot of you will applaud this forthcoming action, after all it's not your ox being gored. But let me remind you of the big stink regarding the Bush administrations tapping of foreign phone calls. I remember how incensed you an the left were over that administrative effort. And here we are almost 10 years later with one of your guys in the white house and he's not only NOT terminated the tapping of those calls, he's actually expanded the effort, just as I predicted back when. The same can be said of the foreign military interventions, including the prosecution of drone attacks on a non-combatant powers sovereign territory.
My point here is very simple, eventually there will be a republican/conservative in the white house again. That too is inevitable. And how are you on the left going to feel once your ox is getting gored?
Ishmael
