Tuesday, July 23, 2019

US Economy 1900 - 2020


By 1900, we had added steam engines to the first automobiles called “horseless carriages. At the same time, the gasoline combustion engine was beginning to replace steam engines. In the early 1900s, electric power, refrigerators, radios, phonographs, motion pictures, telephones, airplanes, sanitary sewers and indoor water supply and indoor toilets were being developed.

In 1920, the American Communist Party published their goals for establishing Communism in the US.

By 1930, homeowners in cities were buying the new devices and installing them in their homes. The Great Depression and drought resulted in foreclosures and migration from failed farms. Demand for US manufactured goods dropped, factories closed and unemployment soared.  In 1939, military equipment restarted manufacturing and dominated it until 1945 and beyond.

In the 1920s, drinking water chlorination was adopted in cities and ended deptheria. Sanitary sewers and water treatment systems were built. Air conditioners had been developed in the 1930s, but were too expensive for wide distribution. In the 1930s, homeowners could trade in their “ice box” for electric refrigerators cooled by Freon.

The deployment of penicillin in 1944 was a life-saver good for treating infectious diseases and inflammation. Before penicillin, millions died from wound infections, small pox and other plagues. This led to a host of anti-biotics developed for specific medical conditions.

By the 1960s, air conditioners were standard in homes, offices and buildings. This opened the southern states to make gains in population and industrialization. Gasoline was 20 cents a gallon and cars filled the roads.

The US enjoyed full employment and established the middle class from 1941 through the 1970s. But excessive union contracts, poor product quality, declining productivity and 10 mpg cars were met with foreign cars with better quality and 30 mpg. This came at a time when US companies had foreign subsidiaries and foreign revenue increased.

In the 1980s, US companies were ready to retool by deploying modern electronics to develop productivity enhancers like the PC and computer networks. US telephone companies were also ready to upgrade and expand into wireless technology, cell phones and digital signal processing to allow the wireless transfer of data.
US manufacturing retooled with robotics to solve their quality problems.

In the 1990s, US companies increased off-shoring US manufacturing. Having upgraded manufacturing processes, quality could be designed in to products. Globalist leaning companies and politicians pushed NAFTA for low wages and China Trade for access to their 1.3 billion potential consumers. In 1993, the US implemented UN Agenda 21 based on the global warming hoax and these enabling laws have not been repealed.

From 1960 to 2016, US politicians had ignored foreign countries lowering their corporate tax rates to attract US companies. US companies had outsourced 10 million jobs.

In 1993, the US passed the Community Reinvestment Act and HUD anti-discrimination rules forcing banks to make mortgage loans to unqualified buyers.  When these loans defaulted, banks froze and liquidity dried up. The mortgages were cut up in pieces and sold to investors as securities. It was impossible to tell what securities were affected, so the value of all securities dropped to zero.

The 2008 Financial Meltdown was the result of bad US law and no oversight of the economy, but the Democrat saboteurs in Congress escaped punishment.  In 2008, US voters elected Obama to punish Republicans for not catching the mortgage meltdown and doubling the National Debt from $5 trillion to $10 trillion on the useless wars in Afghanistan and Iraq.

In 2009 the US stock market dropped in half. Companies laid off workers, floods of welfare migrants and refugees entered the US and scores of US citizens were laid off. The Federal Reserve printed $trillions and gave it to the banks. The banks lent it to day traders and they bought stock. The stock market recovered, but US unemployment was headed up.

In 2009, the Democrats spent the year on passing Obamacare that resulted in the quadrupling of healthcare costs. They continued to spend without passing a budget and added another $10 trillion to the National Debt

In 2016, US voters quietly elected Donald Trump as President and he quickly cancelled unnecessary regulations and damaging past executive orders.

In 2017, the US withdrew from the UN Climate scam and rejected multilateral trade in favor of bilateral trade to reduce the US $800 billion trade deficit and restore middle class jobs in the US. Trump appointed Neil Gorsuch to the Supreme Court to add a Constitutionalist.

In 2018, the US finally lowered their 35% corporate tax rate to 21% and offered a tax break for companies to repatriate their foreign earned dollars back to the US. Trump added Brett Kavanaugh to the Supreme Court to add another Constitutionalist. In 2018, Democrats took control of the US House, but Republicans picked up seats in the US Senate.

In 2019, the US imposed Tariffs on China to return manufacturing back to the US. Trump will soon have the border wall half complete, even with Democrat and Liberal Court obstruction.

Democrats are fighting to expand their socialist agenda. The next election is November 2020 and they want to win the Whitehouse using any and all means, legal and illegal to do this.

Norb Leahy, Dunwoody GA Tea Party Leader


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