Few would deny that the biggest problem we face is the hole in the bottom of our economic boat. It would seem that the most obvious solutions aren't getting enough play. We've dropped the import tariffs from about 20% (at the begining of the Reagan era) to about 4.5%. We've stacked taxes to shift wealth to corporations and to reward them for shipping American jobs and confidence overseas. The FTAs were a nice idea yet they've been written as an insurance policey for profiteers--assuring them that we'll stand still while they eat. No one in Congress is willing to stand up in front of a microphone and say, "We made some horrible mistakes and they being with import tariffs. We need to put a single-rate/across-the-board/adjustible import tariff on all goods and services being imported. This rate doesn't need to be the 32 to 63 percent stuff we saw with Smoot-Hawley Tariff Act. It Isn't our intent to penalize or hurt other countries. America needs to come to term with how wages = demand. If we are to balance our books for cities, counties, states, and the federal budgets, we need to be at full employment. Ideally that balance would be about 50% domestic made and 50% foreign made. Unless we achieve this, our economy will collapse and all of the demand for their products will dry up overnight. To do what we need is a comprehensive plan that rescinds the FTAs, reshapes our tax structure, revokes personhood for corporations, and puts the middle class back in the driver's seat. That is what the American dream is all about. It is time that we get Americans off their knees. It is time that you, my fellow statesmen, come to terms with how the future of all Americans is what we are all about. When they succede, we all win. This isn't about deals we made or who we owe. We have a duty to the American people...." (blah, blah, blah...Glass-Steagall, Sherman, Wagner, media ownership, blah, blah, blah..) Borrowing money to inject it into the economy is a temporary patch. Cutting jobs and expenditures is worse.

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Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

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"The Saddest Thing Is This Won't Be Breaking News"

Thom plus logo As the world burns, and more and more fossil fuels are being used every day planet-wide, atmospheric carbon dioxide levels passed 416 ppm this week at the Mauna Loa Observatory in Hawaii. In the 300,000 years since the emergence of modern humans, carbon dioxide levels have never been this high.