This week begins the start of the holiday season. With Halloween, we have another reminder of just how scary the state of our economy is. Our nation is drowning in debt and deficits, and without change things will just get worse. Our average trade deficit has been over $600 billion in the last few years, and our nation’s debt is now almost $18 trillion.
Tag Archives: China
Over time, our system of representative-democracy, whereby the people rule through their elected representatives, has slowly been taken over by a plutocracy. A plutocracy is a nation run by the rich for their own special interests. In fact, a recent study from Princeton University found that though the general thought has been that we have a democracy, in all reality the rich and powerful are the ones who are really in control now. Multinationals concerned only with profits are controlling our health policies
U.S. restaurants are planning to boost prices 2 percent during the next six months due to the pressures rising beef, cheese, and pork prices. However this is causing major declines in sales due to people being price sensitive and not being able to afford higher meal prices. “If you encourage and kind of seed the notion that you can come in for a couple bucks and get some food, and then you can’t do that anymore, there’s bound to be a reaction,” said John Gordon, an adviser to restaurants and franchisees.
Our iconic, American property Waldorf-Astoria hotel which hosted Royals, Celebrities, and Presidents in New York City was just sold to the Chinese. Angbang Insurance Group, a Chinese insurance conglomerate bought Waldorf-Astoria for $2 billion. This year alone, the hotel hosted 30 different diplomats, heads of state, and presidents. The Chinese didn’t just buy another American company, they bought an American icon.
The American political system no longer operates with the American people in mind. Instead, lobbyists and special interest groups govern America according to their own agendas, not the agenda of the people. In order to see their goals achieved, these lobbyists and special interest groups—some of which represent foreign entities—buy up support from elected officials who have the power to push their agendas through.