Professor Emeritus Peter Bagnolo
NOC Featured Blogger
Published: Monday 4 February 2013
It Will Also Create New Jobs, Pay Off The Debt, Pay off Citizen Loans Finance Social Security and Medicare, Pay Off The Criminal Debt of States Like Illinois Which Never Funded Teacher Pensions, and far more!

 Low interest rates are helping only two groups, bankers/Wall streeters and the richest people in America, and the greedy 1%. More on that later, right now let us look at some logic, and some simple math.If the Austerity mongers gets all that they wish, (One thing they have accomplished according to comparison of words uttered in Germany between the 1920’s and 1940’s, is to mimic as completely as possible, the words of the leading fascists (and worse) of that era); Their desire to end Collective Bargaining, cuts or elimination in pensions, Medicare, Social Security, laying-off millions of people, what will happen? Well, that series of not only stupid and destructive and cuts past the heart and into the bone of commerce. Their ideas would destroy the discretionary income of approximately 80 – 100 million people and their ability to prosper will be all but annihilated. The companies whom those people currently support by buying goods and services will be diminished and those companies they were patronizing will lay off their own workers and soon go bankrupt and add to the present 31 million out of work and underemployed thus will more than double and perhaps triple the number out of work in the depression of 1929 look like a lark in the park. Had the US not declared  wars everywhere, not given loans to people who could not afford them, people would still be working and there would have been no crash. However, no one stopped allowing the incredible mark ups of 9,000% on lots selling for $150k - $300k a lot, NOT an acre for land they bought at $2175 and sold at 13,700% mark up and house at a 150% - 400 % markup and none of them had proper insulation or HVAC. The blame goes to all the greedy minds involved  including appraisers who okayed $200,000 homes to sell and be mortgaged as $400,000 and $500,000 homes as well as bankers, and Builders, a title which should never have ...

ABOUT Professor Emeritus Peter Bagnolo
Child prodigy at age six and offered a 3 grade skip. Won Chicago Art Institute Scholarship in figure and anatomy at age 11 Graduate of CSU, Wright College, Goddard Graduate School, 3 Ford Foundation Fellowships, several scholarships, American Academy of Art-Recently installed in their Newer and upcoming Hall Of Fame, . After surviving 2 years abed with paralytic Polio and told he would never walk again, he Became an athlete, participating in baseball (where he was offered MLB contracts) football, basketball, Volley ball, and badminton. He worked for a family architectural firm designing hospitals, schools, churches and municipal buildings as well as later after going out on his own, he became a creative director of an ad agency. He was recruited to create a Advertising Program at a college and directed the program for 14 years as well as teaching architectural design and now writes, paints, illustrates and creates architectural Design projects for religious institutions and other municipal structures. He was chosen to create for an Illinois city an Office of Creative Ventures over and eight year period as a consultant as chief of their successful Offices of Economic and Architectural Progressive Expansion.
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