by David Barber

Created on: October 23, 2011   Last Updated: October 24, 2011

The delay in US primary elections is needed so time can allow wealthy candidates with weak or copycat platforms to drop out. There are yet more candidates with unique platforms to improve the US economy, which will not be heard until media exhausts the early candidate pool. Candidates such as those who allow a maximum individual campaign contribution of 100-dollars await media's search for them, six months before mid-year primaries. 

How else would people obtain evaluation of a Recovery Plan involving edits to the Internal Revenue Code, instead of income redistribution? One plan will amend sections: 162, 167, 179, 212 and the definition of Cost of Goods Sold, to state that, quote: "Any expenditure for any goods or services located and/or produced outside the United States of America shall not be deducted from your taxes."  

The continuation of that plan is to eliminate the Foreign Tax Credit, Section 27A of the Internal Revenue Code, that gives a tax credit to taxes paid to a foreign country. The GOP candidate (former governor and congressman, Buddy Roemer) with that proposal refuses PAC money and limits contributions to one-hundred dollars. Governor Roemer was invited to the California debate, but was bumped when it was rescheduled, so even non-candidates of higher name-recognition could be added (Palen and Giuliani.)

Current, well-funded candidates reveal they have no plans for how to generate manufacturing jobs in the United States of America. Instead, their debates focus upon shuffling existing tax revenue, pulling the financial lifeblood from an already wounded economy.

In past decades, the government would use the mere threat of taxation to shepherd private industry into actions favoring generation of US manufacturing jobs. As late as the 1980s, business schools in the US noted the threat of taxation was meant to keep corporations and wealthy individuals from hoarding money, effectively removing it from the economy.

Hoarding money is the current tactic of bailed-out banks, who are refusing to lend. This is an odd practice, given Marginal Reserve Banking, where institutions can loan more money than they possess in deposits.

Consider if the institution has one dollar from actual depositors, and then loans seven dollars to seven borrowers. If two loans are paid back, the institution has doubled its actual money. The other five borrowers could default, and still, the investment value is doubled. Why would multinational, financial institutions refuse to loan, unless they foresaw an economy was ripe for collapse.

US voters need more time, before primaries, to allow the pool of candidates to shrink, before beginning primaries. Only then will constructive, productive ideas emerge from candidates that, early on, were ignored, effectively suppressed, by polling groups.

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