Political Economy 2011 A Call to Action John J Dell Aquila

We all know that we are in an Economic Great Depression.
It does not matter that our federal  government has said the
recession ended two years ago or that there were
green sprouts or a possible second dip recession possibly coming.
Lets look at some information.

Housing. There is over 8 million new and used homes on the
market as un sold, over 12 months supply according to the
Case Shiller Index. This does not count the Shadow housing
inventory which is over 2 years of supply of housing.
No economic recovery has ever taken place without the
housing market performing.

Unemployment. 9.1 % official government rate.
13 million unemployed. The real rate is more like 26 to 28 million
unemployed by any real measure. When most of our economy is
consumer driven, 70 %, and the psychology is what it is, we will not
move  forward like this. The Economy will either flounder or move
deeper into  economic depression. No economic recovery
will take place at these types of economic and employment
conditions as they persist.

Energy. We are bleeding money through our balance of payments
for foreign oil. 8.908 million barrels a day are imported.
We produce domestically 10.038 million barrels a day and use for our
total consumption of 18.946 million barrels a day. That is  47 % of
our oil is imported. 21 % from the Middle East. We have improved
to some extent. Imports were 60 % 12.5 million barrels a day, now down
to 47 % 8.908 million barrels a day current today.  49 % of our
electric power is domestic coal and 19 % is nuclear. The real issue is the
oil – gasoline we use in our cars. A move to domestic
natural gas for transportation and to replace obsolete coal power plants
would go a long way. The energy sector, the oil companies and the
politicians in Washington are the major source of our problems here.
This also is a major reason we are going to have major problems coming
out of this economic depression.

We in America produce 3,800 + Gegawatts or 38,000 + Megawatts of
Generated Electric Power at the upper end of our current capacity today
as a refernce point.

I voted for Mr. Obama and Mr. Biden in the last election. I am an
independent pragmatic voter that is registered in the Democrat Party
to be able to vote in primaries. I was a 30 year registered Republican.
I was part of the; Vice President Nelson Rockefeller,
General and Secretary of the State Colin Powell, Lt. Governor Wilson,
Congressman Jack Kemp, Senator  Jacob Javits,
Senators Bob and Elizabeth Dole progressive wing of the Republican Party.
The extremist republicans and crazy tea party people changed all
that and destroyed the Republican Party.

Mr. Obama was elected to deal with the; financial crises, housing,
employment and energy issues and union card check legislation.
I do not have a problem with his health program. This was not why he
was elected, the national health program. He wasted all that political capital
on the health program. The nation health program is important but as we
know and then and now there were and are other priorities
that need to be addressed.

Let’s get right to the issues at hand. As it stands today there is only a limited
number of option the Federal Reserve can per sue. My book
“ Political Economy 2011, A Call to Action “ in chapter one points out reforms
regarding the Federal Reserve. The State Elected Treasurers and Comptrollers
would run the FOMC and each of the Federal Reserve Branches in combination
with their current duties. All the Federal Reserve Stock would be liquidated.
This would not be a form of expropriation. These economic entities have had
secret access to all the Federal Reserve Policies before the public knew to their
 very tremendous and great advantage. Other Federal Reserve reforms as
needed as well; real time coverage of meetings, changes to access to the
Federal Window and so forth.

Domestic Natural Gas. Much greater automotive utilization and for the
older electric power plants goes without saying. Accelerate the
engineering – design and construction of; modern sophisticated
triple combine cycle gas – steam – organic rankin cycle heat recovery electric
power plants with Carnot Efficiencies of 65+ % and utilization
rates of 82 – 92 %. Gas turbines and aircraft engine turbine derivatives,
high efficiencies steam turbines and organic rankin cycle turbines in
triple combined cycle will go a long way in our energy crises.
We need to move toward an accelerate engineering – design and
construction of; modern sophisticated type IV or even type IV + nuclear reactors
in our nation; boiling water reactors, traveling wave reactors and breeder reactors.
The reactors should be based on the Canadian model of using natural uranium
and heavy water. Green renewables and an extensive R & D, engineering,
manufacturing and construction program again goes without saying.
It is obvious to most normal people that an emergency truly massive R & D,
engineering, manufacturing and construction program on a national scale is needed.

Housing. The making homes affordable programs have failed. 6 to 7 million
people were supposed to be helped. Only 880,000 so far have completed
these programs.  In the meantime the banks have repossessed and an enormous
number of homes and made billions in the process to the excruciating misery
of many Americans. All owners – investors, economic institutions would be forced
to sell any mortgage made between January 1 2004 and up to now that meets
a new emergency housing relief program guide lines.
Sales would be mark to mark, original under written price prorated sale at
current market price of the home. 42 year mortgages would be issued
to all those qualified. Payments would be spread over 42 years. 40 years
of payments with up to 24 months that could be skipped by the home owner
one month at a time or several months at a time.  Monthly payments would
be date range certain and not date certain. Example;
payment would be on time if paid range certain the first to the fifteens of each month.
No grace period after that. A federal institution would buy the mortgages
from the economic institutions utilizing federal paper and or a fifty year bond
full faith and trust of the United States of America. Private economic entities
could offer 42 year mortgages on the same basis at prevailing interest rates
on their own. Obviously a lot more than this would have to be done.

The reestablishing the Bank of the United States of America. I have been advocating
this for the last several years. The previous bank was liquidated in the
President Andrew Jackson Administration due to political infighting with
President Jackson, House Speaker Henry Clay and Bank President Biddle.
This reestablish Bank of the United States would be a legislative department
with independent authority and congressional oversight. Please read my book
“ Political Economy 2011, A Call to Action “ to further delineate my ideas on this topic.

There is certainly much more that can and must be done to resolve this
great economic depression we are in now. Substantial economic reform
and prosecution of the malefactors on wall street and the banking system as
well as the real estate industry also. Our legislative branch and executive branch
have failed the American People and our legislative and executive branches must go
into national receivership under the Supreme Court.  Pease read the book I have
written and the other essay, Political Economic and Constitutional Reforms to
understand the ideas associated with this essay. I look forward to your financial
and political support regarding the book and web site
“ Political Economy 2011, A Call To Action “ so our country can
move into the bright sun light of economic progress and restoring our great nation.