Wednesday, August 10, 2011

Open letter to Mr. T. Boone Pickens

Dear Mr. Pickens:

I think that one respected, well-known public figure could lead America to solve its unemployment and debt problems.

Are you prepared to be that person?

You are needed because all the politicians in Washington, and the President of the United States with all his advisors and technical experts, have not been able to solve the problems.

(A few politicians understand very well what has to be done, and they are working hard, but their numbers are not enough to carry the day.)

Children's story books tell us that "All the King's horses and all the King's men could not put Humpty-Dumpty together again".  

Amazingly apt description of our dilemma today!

A tremendous barrier to solving the problem is that censorship is in effect, controlling what is said in the media and what is said and done by the politicians.

How can we solve our problems if we are not allowed to mention or discuss the real issues?

Are you prepared to go around the censorship and say what has to be said?

Are you aware that our negative balance of trade in manufactured goods, with all foreign countries, is over 500 billion dollars per year?

Is it a good idea to be bleeding 500 billion dollars per year out of our country when we have huge debts and 15 million people unemployed?

Our negative balance of trade of 500 billion dollars per year is one of the issues that no one is allowed to mention, under the very real censorship that is in effect in America.

The primary cause of our unemployment and debt problems is that over the last 50 years U.S. manufacturers voluntarily and on their own initiative transferred millions of jobs to "low-wage" countries.  During that 50-year period, successive presidents, senators and members of the House of Representatives passively allowed the jobs to be sent away.

This fact is the other key issue that no one mentions, because we are under censorship.

When we sent away manufacturing jobs we lost the tax revenue from American workers who had held those jobs.  We lost the value-added effect of manufacturing activity.  We converted productive workers who were paying taxes into unemployed people who require welfare and food stamp assistance. 

The working-age man or woman who does not have employment is not a stakeholder in our society or in the economy.

This fact is the cause of the current rioting in England.

The cost to our economy of 15 million people who are not stakeholders is huge, and is not accounted for when manufacturers calculate the "savings" of doing their manufacturing in "low-wage" countries.

You have recently made some excellent and constructive statements about the problems facing America.  I hope you will go further and take on the challenge of leading America to a new era of increased manufacturing activity, millions more Americans employed in manufacturing, and American-made goods, rather than foreign goods, lining store shelves.

Thank you very much for your consideration.

Yours truly,

Edward J. Farkas

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