Archive for the ‘Finance’ Category

Post-Industrial America

Tuesday, September 6th, 2011

Post-Industrial America
by
David Schlecht

In a previous post, I expanded on the value-producing aspect of manufacturing. This discussion explains why America needs a manufacturing industry.

But, what happens when the society becomes so wealthy that they no longer need to or are no longer inclined to continue purchasing? They still have the money and want to do something with it, but how many boats do you buy before you get bored buying boats?

So, along comes the service sector to give the buyers something new to buy. I don’t want another boat, I want someone to mow my lawn so I can enjoy the boat I already have. I want to go out to a nice restaurant, I want to see a play, I just have to go see the latest comedy or magic show…

In this case, the service industry is a symbiotic parasite on the society in that it gives back in return for what it takes. It serves a purpose but it also drains valuable resources from the society.  When you no longer have a manufacturing industry, there is no longer any symbiosis and the parasitic service industry begins to impoverish the society.

This is, of course, all academic, since America is not anywhere near the point where we no longer need anything. America needs plenty. Have you seen the condition of our roads? Or Bridges? Our Internet? Our cell phone infrastructure? We need plenty of manufactured products.

As long as we’re manufacturing what we need and have a little left over to export, then our society remains strong. When we no longer manufacture, then eventually there will be no one left to buy the services from the service industry.

I suppose we’ve all heard the argument that making hamburgers at the local fastfood shop is adding value to the meat so it’s really manufacturing.

This is an awfully weak argument but we can’t dismiss it out of hand. There is some value, but the value is lost the moment the product is consumed. This stems from the old argument of “guns and butter”. Paying for butter is a short-lived investment, but buying guns gives us the value of the weapon for years to come. This was Reagan’s argument for spending money on Star Wars and not Welfare.

The problem here is that the guns, or bombs will eventually be used and will be gone. In a war, it’s amazing just how fast these inventories can disappear, how fast the wealth can disappear.

America needs to get back to building things that last.

Eve of Destruction

Sunday, July 31st, 2011

Eve of Destruction

Matthew K.

If you’ve spent any time looking back to see what caused the last great depression of the 1930s, you will see that it was the drop in taxes, especially on the wealthy, that triggered the depression. A lack of financial oversight and foolishly low taxes.

We put regulations in place and raised the tax on the wealthy to 90% and we were good for almost a century.

Now, we’ve blown up the regulations and the Republicans have lowered taxes on the rich and guess what.

The lousy part is that even the Democrats in Congress are sniffing glue. It’s not just for Republicans any more. Harry Reid says we need to cut more programs to balance the budget.

Hello Hoover!

It didn’t work back then and it was thinking like this that caused the depression. We need to put a stop to this today. Tomorrow will be too late.

Call your congressmen and the White House (202.456.1111) and tell them you don’t want anything but a clean bill to increase the dept limit. After that, we can take a moment to read our history books and see what caused the depression and what stopped it.

No more slashing government spending until we’re out of this hole.

Call them now. Call them tomorrow and call them every day until they start putting our tax dollars into stimulus programs rather than in the pockets of the rich.

Call today!

Who Owns the Deficit

Thursday, July 21st, 2011

Who Owns the Deficit
Dave Speck

So we hear the republican chanting over and over how the sky is falling if we don’t balance the budget, even if it means we have to take food out of the mouths of our elderly and sick and weak and poor. The world will end. Why all the noise?

The Republicans voted to raise the debt ceiling 18 times during Reagan’s administration. Got that? 18 times. During that time Reagan increased our nation’s deficit by three trillion dollars, more than all the previous presidents combined.

Where did all that money go? It went to tax breaks for the rich, mostly. That and to the military budget and his failed Star Wars program.

Then, along came Clinton and he balanced the budget and had a surplus that would have paid off the deficit in 10 years.

Where did all this money come from? Clinton ended “Welfare as we know it.” In other words, he stole it from the poor. He also raised taxes on the wealthy a couple percentage points.

Then, Bush added almost five trillion dollars to the deficit and the republican voted seven times to raise the debt ceiling.

Where did all that money go? Tax breaks for the rich and two illegal wars.

Then the economy crashed, as it always does when you lower taxes on the rich, and Bush pushed through another trillion dollars to the banker crooks.

Now, Obama wants to add a small fraction to the debt, less than 8%, and the Republicans are threatening to bring the entire country down unless we take more money from the poor.

Do you see any sort of pattern here? The republicans ran up almost all of the 10 trillion dollar debt and they don’t want to pay for it. They want the poor and the weak and the elderly and the sick to pay for their big party.

The republicans and the rich have been living large for the past 30 years at our expense and now they want you and me to pay for the bill.

What would you say about a political party that does this? What would you say about a party that is willing to crash our economy if they don’t get their way on everything? We’re in this mess because of the tax breaks to the rich and the republicans are saying they will destroy the country if we don’t give more tax breaks to the rich.

What party does big business own?

US Debt per GDP

 

Class Warfare?

Tuesday, July 19th, 2011

Class Warfare?
Dave Speck

Class Warfare

America’s middle class has been doing with less and less over the past 30 years while the rich have been getting richer and richer. There has been a class war going on for 30 years folks, and it’s time we started waking up to the reality. Not only are the rich making more than they ever did before, but they already own most all the wealth in the entire country.

It’s time to wake up, America. There’s a class war going on and you’re getting killed.

Listen to Senator Bernie Sanders.

Balanced Budget Amendment

Tuesday, July 19th, 2011

Balanced Budget Amendment
Dave Speck

We’ve been hearing a lot of commotion lately by the Republicans about how we need a balanced budget.

At first blush, this might sound like a great idea. After all, don’t you and I have to balance our checkbook at the end of each month?

No, actually, we don’t. We can go out and borrow any time we feel like it.  In fact, if our federal government becomes hamstrung with a limitation like this, it would be the best thing for the billionaires and the worst thing for you and me. That’s why the Tea Baggers are all over this. Their billionaire leaders (behind the scenes) are telling them how important it is that the government can’t borrow money.

But, let’s look at what would have happened if our founding fathers were as stupid as a Tea Bagger. Without being able to spend more money than they had, we would never have been able to protect ourselves from attack as a young nation. In fact, we wouldn’t even be able to protect ourselves from Hitler during the second world war if we hadn’t been able to borrow money.

Imagine what we would have done during the Republican Great Depression of the 1930s. Without being able to borrow money to get our people back to work, this great country of the USA would have gone broke. We wouldn’t have been able to start up all the jobs programs that saved us from republican stupidity.

Here we are, a century later and the Republicans are trying to destroy our country again. When will America ever learn not to listen to the Republicans?

Where Nevada’s Revenue Comes From

Saturday, April 2nd, 2011

Where Nevada’s Revenue Comes From
by
David Schlecht

Here is a graph of Nevada’s Revenue stream. Check it out. While looking at it, remember that Nevada comes in dead last in almost every area that matters, from health to intelligence to poverty.

Where Nevada's Revenue Comes From

Take a look at the slice of the pie that is the largest – sales tax. Sales tax is one of the most regressive types of tax because it affects the poor and middle class the most.

So, in Nevada, we see an example of what it’s like when the rich are not expected to pay their fair share. Do you see any income tax on the wealthy? Any taxes on billion dollar bankers? Any taxes on billion dollar mines? No? Me neither.

So the rich get a free ride and the poor and middle class are saddled with everything.

Well, Nevada, how is that working for you? Does it attract business having no income tax? No, I guess not.

When will you ever learn, Nevada?

But the bigger question is what on earth are we doing trying to bring the rest of the country down to Nevada’s level by following their tax structure and giving the billionaires a free ride while expecting the poor and middle class to work for less and carry a greater portion of the cost?

When will America ever learn? It’s time to throw out the failed Republican policies. We’ve been here before, America, it was called the Great Depression and it didn’t work so well back then.

Fight Back Teach-In

Friday, April 1st, 2011

Fightback Teachin

Tell everyone you know to sign up and get educated about what is going on and how to help save America.

Check out the Fight Back Teach-In.

Poverty or Prosperity

Monday, March 28th, 2011

Poverty or Prosperity
by
David Schlecht

Imagine for a moment, or maybe you don’t even need to imagine, that your employer decided that even though the business was doing good, it was time to cut your wages and improve profits. No better time to take advantage of the times than right now, when people are worried about their jobs.

So your wages have been cut and you can no longer afford to enjoy the lifestyle you’ve grown accustomed to. What do you do?

If you’re a typical American, you’ll look for better work. No one needs to put up with unethical employers. That’s right, you look to bring in more money. When would anyone say, “oh darned, I better sell my house and start living out of a cardboard box?”

No one would, except the mentally challenged.

So, when our country is dealing with insufficient funds, do we just say, “okay, it’s time to move into that third-world-country?” No! Only the mentally challenged would consider that as the first option.

So, why do we Americans ever listen to the Republican party saying that we have to start expecting less? We’ve been doing with less for over 30 years now and it’s time we started demanding more.

What happens to America if the fools get away with convincing us that we need to expect less from our country? America becomes less of a country. It’s the same thing that happens if you choose the cardboard home rather than a better job.

We can’t afford to listen to the Republican failed misconceptions any longer. If we want America to remain strong, if we want to remain a first-world country, we have to act today and say we don’t want the cardboard box.

Will we ever get back to prosperity if we keep expecting less?

Do you want to live in the best country in the world or the cheapest?

Does Supply Drive an Economy or Does Demand?

Sunday, March 20th, 2011

Does Supply Drive an Economy or Does Demand?
by
David Schlecht

We’ve discussed supply side economics many times on this blog and there are countless websites that compare the two economic models, Keynes vs Friedman. But this time I’m going to add a bit of history to the discussion. After all, if we can’t learn from our mistakes, we’re doomed to repeat them, and repeating them we are.

Supply Side Economics

Probably the best way to describe Supply Side Economics is Voodoo economics. This is the idea that if you give money to the rich, they will hire people and pay a good wage and the heavens will open and the angles will sing and leprechauns will dance. It’s also referred to as trickle-down economics.

In other words, people will run out and buy just because the stores are full.

Keynesian Economics

This is the old model of economics where demand drives the economy. In other words, when people have money they will buy.

Now this is obviously just broad strokes and there is a whole lot more involved in each of these models of economics. You may find yourself interested enough to learn economics and get into the nuts and bolts of these, but this is as technical as I plan to get.

Alright, so here’s the little bit of history I promised you. Neither of these perspectives of economics is new. Since the beginning of economic times, the concept of supply and demand has been the fundamental core of the study of economics.

However, back in the early days of America, the concept of unfettered free trade was the approach the government took and this freed up the companies to be as greedy and they could. This allowed America to become quite wealthy, or at least our wealthy became wealthy.

Of all the leading countries, we were becoming the most wealthy. This seemed to convince many people that if a little free is good, oh my gosh, totally free trade must be the be-all end-all of wealthy. So, in the late 1800s and early 1900s, America decided to pull all the plugs and let the rich get as rich as they wanted.

So by the 1920s we saw the roaring 20s when the wealthy were insane with their greed and wealth. At lease back then, they were smart enough to protect our industries through tariffs.

Then, the big crash.

Following the Great Depression, many economist admitted that the whole idea of completely unregulated greed was bad for America. At this time, Keynes came back to the idea that maybe really, demand drives the economy. This wasn’t the first time economics thought of this, but it was back in vogue.

Then, about 50 years ago, Friedman brought back the greed and supply side economics.

So, fast-forward to today and we’re all the rage back into supply-side economics and unfettered free trade. Of course, we’re also seeing the return of the economics of the Great Depression.

When will we learn from history? When we start exposing the idiots who keep pushing failed economic policies on us. When we eject the same people who got us in the First Republican Great Depression. The Republicans.

Unfettered Free Trade doesn’t work. All it does is impoverish a nation and make a handful of greedy people insanely rich.

Free trade doesn’t work.

Supply Side Economics don’t work. It’s a myth.

Voodoo Economics always brings disaster. Read your history.

 

Why is the Media Downplaying Madison?

Sunday, March 13th, 2011

Why is the Media Downplaying Madison?
by
Captain Jack

Why is the billion dollar corporate media downplaying the 100,000 person rally going on in Wisconsin? You would think they have a personal interest in keeping the middle class uninvolved. Maybe they’re afraid we’ll start demanding that they pay their fair share.

If this was a rally of Tea Baggers, there wouldn’t be any room in their programming to cover Japan but since it’s only the middle class…

Here is what it looks like from CNN’s coverage:

Why is CNN trying to downplay the WI rally?

Wisconsin Rally according to CNN

And this is what it actually looked like:

What the rally really looks like

The actual size of the march on Madison

Amazing!

Welfare for the Rich

Sunday, March 13th, 2011

Welfare for the Rich
by
Captain Jack

This table is a wonderful example of welfare for the rich.

Class Warefare

Where are your taxes going? To the rich, of course.

What Entitlements

Sunday, March 13th, 2011

What Entitlements
by
Captain Jack

We hear in the press constantly telling us about how bad it is for people to feel entitled to government benefits. Well, that’s not really correct, we’re fed a constant supply of propaganda how entitlements for the poor and middle class are bad but the rich are entitled.

For example, we’re told our whole lives how it’s bad to be on Welfare. It’s bad to be on Unemployment Benefits, it’s bad to be sucking off the system by taking Social Security or Medicare or Medicaid.

Now we’re being told it’s bad to expect the EPA to be protecting our environment or it’s bad for the Labor Relations board to be protecting labor or how it’s bad for the FDA to be protecting us from poisonous drugs or food. We should just stop feeling so entitled.

We shouldn’t feel entitled to a free press, like NPR or PBS so let’s stop funding them and lets shut them down, we shouldn’t have people entitled to get help registering to vote, so let’s shutdown ACORN.

The list goes on endlessly. Every effort we the people put into getting benefits for our tax dollars, the billionaires put more effort into convincing us how we’re not entitled to expect anything for our tax dollars.

But, you never hear the millionaire news casters on the billion dollar news organizations telling us how they’re not entitled to the benefits they get from OUR tax dollars. You never hear the oil industry like the Koch brothers telling us how they’re not entitled to billions of dollars in tax give aways. Remember? Exxon paid noting in American taxes and even got millions of dollars back in a tax refund last year because of the welfare for the wealthy.

You never hear the billion dollar assembly line farm industry saying how they’re not entitled to billions of dollars in farm subsidies. I guess welfare for the rich is okay but we little people shouldn’t be ENTITLED to anything from our tax dollars.

The sad part is that we believe this propaganda. We’re letting them get away with stealing from us.

It’s time we got back to realizing that WE ARE ENTITLED!

We’re entitled to a decent wage. We’re entitled to unionize. We’re entitled to expect to a fair share of the profits from our labors. All our country’s profits are going to the billionaires. Welfare for the billionaires.

We’re entitled to expect our government to represent us and not the multinational corporations. We’re entitled to expect the rich to pay their fair share.

We’re entitled to expect to get some retirement money back from the Social Security we’ve been paying into our whole lives. We’re entitled to unemployment check when we’re unemployed after paying into it our whole lives. No more welfare for the wealthy.

We are entitled.

The War on Drugs

Wednesday, February 9th, 2011

by
Matthew

Do you have any idea how much of your tax dollars are spent on the foolish war on drugs? Billions of dollars are wasted every year.

Want to help dig this country out of the red? Legalize drugs and tax their sale. You would see billions of dollars of wasted money turn into billions of dollars of tax revenue that we can use to fix back up our country.

Let’s start with legalizing marijuana. If these wonderful benefits don’t appear we can decide to criminalize it again. It’s not beyond our ability to fix this mess we’ve created.

What are your thoughts?

Should America legalize marijuana and tax the sale of it?

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Supply & Demand and the Cost of Health Care

Sunday, January 30th, 2011

Supply & Demand and the Cost of Health Care
by
David Schlecht

Imagine for a moment that everyone in America was college educated and everyone was a doctor. How much would it cost to go to the doctor?

Since there would be more doctors than were needed, the supply & demand would make the value of doctor services almost worthless.

In every non-American developed country, doctors make a reasonably good living but are not paid like gods. In America, supply & demand has been interfered with and there are fewer doctors than the demand. Therefore, doctors in America are prohibitively expensive.

Now, let’s imagine for a moment that America becomes a first-world country again and provided free education, all the way up to doctorates. Everyone who wanted to be a doctor and had the ability (not just the money) could be a doctor. What would happen to the cost of our medical care? That’s right, it would go way down.

So, why do you suppose America has this problem that the rest of the developed world doesn’t? What has been messing with our supply & demand?

There are two things that distort the supply & demand for medical care in America: 1) The American Medical Association and 2) America’s failure to provide free education to the gifted, not just the wealthy.

1) The American Medical Association actively limits the number of new doctors entering the field. This sort of interference with our free markets should be outlawed and people caught manipulating our markets for profit should go to jail. People are dying because our medical system is so broken and some people are making money off this broken system. Send them to jail. Murder is murder even if you don’t see the faces of the victims and their families.

2) Americans are saving a few dollars in their taxes by not providing better education for everyone but are then paying thousands of dollars more in medical expenses. Americans are smarter than that. Yet, we still hear the Tea Baggers and the Republicans say how we need to lower our taxes even further. Not too bright, now, huh?

The solution should now be quite obvious. We should join the rest of the developed world in the 21st century and extend free education through doctorate degrees. We should even include a small stipend to help students to pay their expenses while going to college. And, secondly, we should send to prison those people caught interfering with our supply of doctors.

Remember, when it comes to markets, the system of supply & demand explains a lot.

How Much Social Security Adds to the Budget

Wednesday, January 26th, 2011

How Much Social Security Adds to the Budget – Updated
by
MatthewK

Ever wonder how much Social Security really adds to our nation’s budget?

You might not believe it but it doesn’t add a single cent. Not one red cent.

So, you must be asking yourself, well, why are the Republicans always saying we need to cut it or privatize it. The answer has nothing to do with the budget. Let me explain.

The trust fund for Social security is growing in the trillions of dollars. At first Social Security was paid as it was used. Each generation paid for it’s grandparents. But, as the baby-boomers hit the work force, it was obvious that something was necessary to have money for them when they retire as there would be fewer workers to pay for their generation.

That is why Reagan doubled the tax on the middle class. That’s another truth that you won’t find in the text books but it’s true. The Baby-boomer generation had to pay for their grandparents and for their own retirement. This doubling of your and my taxes has created a huge surplus in the Social Security trust fund. It’s over three trillion dollars today and is expected to be $4.7 trillion in ten years.

After that, the baby-boomers will be drawing down on the trust fund until they’re all gone and so is the trust fund. At that time, we can go back to each generation paying for their grandparents. In other words, we’ll go back to paying as we go.

The Republicans try to scare you by lying about how the trust fund is going broke so Social Security is going broke. It’s just a lie. Get used to them.

Our Social Security trust fund is invested in US government bonds to collect a guaranteed return. The Republicans want you to have to give that money to the bankers, you know, the ones who pay themselves billion dollar bonuses while the investments crash and burn. It doesn’t work so well for 401Ks now does it?

The Republican politicians don’t care if you starve to death after losing your privatized Social Security in the stock market, at least their big banker johns will continue to fund their elections.

Social Security is not going broke. It’s just a right-wing lie like so many others.

Update: Correction – at this date, the trust fund is just under three trillion dollars, not over.

Source of Our National Debt

Sunday, January 23rd, 2011

Source of Our National Debt
by
David Schlecht

Did you know that the president of the USA is the source of the country’s budget? Every president proposes a budget and congress takes that proposal and either passes it as is or tweaks it and passes it. Then, the president signs or vetoes the budget. I suppose most everyone reading this blog already knows this.

If congress doesn’t like the budget they can just scrap the whole thing and make their own and the president can veto it.

The budget belongs to the president. This is the opposite of what the constitution says in which it says the House of Representatives is where all budgetary bills originate.

Look at this graph of our nation’s debt over the past century. Tell me which political party is the party of drunk Animal House frat boys?

National debt as function of GDP

What’s of most interest here is how the Republican party is screaming and hollering about tax and spend Democrats when the facts, as always, shows them to be lying hypocrites. Why does anyone still believe the Republican party? Whey does anyone still vote for the party that is shipping our jobs overseas? Come on America, you’re smarter than that.

What did the last ten years of the GOP bring us?

Economy Still Stumbling

Sunday, January 23rd, 2011

Economy Still Stumbling [Updated]
by
David Schlecht

Unemployment in many states is still on the rise. We saw a short glimmer of hope over the holiday season but now we’re back to further and further declines in the economy.

The stock market is improving though, but so what? The stock market doesn’t provide jobs for Americans. In fact, it’s time we quit considering the stock market when remarking on the state of America’s economy. For Americans the things that mean anything when considering the country’s economy is jobs, pay, benefits, and pensions. Also included in evaluating the economy is the state of our social safety net, not the stock market.

All these things affect the economy of Americans. The stock market does not. I know, I know, there many people (one hundredth of of one percent of Americans) who actually make any reasonable money off the stock market but that in no way reflects the state of America’s economy.

This simple difference explains why we haven’t dug ourselves out of the Bush years yet. We’re putting our resources and attention in the wrong things. Did we learn nothing during the last Great Depression? The conservatives are telling us that it was the second world war that got us out of the last Great Depression. Well, now we’re in two and a half wars. Our economy should be the best it’s ever been, right? Well, no, not really. Wars don’t cure depressions. Job do. The stock market doesn’t cure depressions, jobs and benefits and pay do. So when are we going to start addressing these problems?

Want to fix the economy? Here’s how:

  1. Stop with the tax give-aways to the billionaires and multi-national corporations. Put taxes back where they were before Reagan began the destruction of our economy,
  2. Increase the minimum wage to a living wage and keep it there,
  3. Require all major corporations and all multi-national corporations provide substantial pensions to all workers, full time and part time,
  4. Stop the Social Security tax give-away for billionaires. Expect billionaires to pay the same percentage of tax for Social Security that you and I do,
  5. Temporarily create government jobs for Americans (no tax dollars spent on non-American incentives, you know, the bill the Republicans opposed), and
  6. Fix our broken trade policies, get out of NAFTA, GAT, WTO, and all the rest of the trade agreements that are destroying our manufacturing jobs. In other words, protect American jobs.

The nice thing is these don’t have to be done all at once but the more that we enact, the faster our economy will improve.

Now if you see these points brought up over and over in the blogisphere, they must not be rocket science, so why hasn’t our government thought of them? They have, but the big businesses controlling both parties are preventing us from stopping the rape and pillage of America’s economy. Remember, someone is making out like bandits while the rest of us suffer, and those bandits donate to make and break our politicians.

Get involved! Get active. Participate on our political process. Run for the local dog catcher or school board. That does make a difference.

[Update: ] Check out this post at Open Left for an good example of what the economy really means.

A Good Economy

Thursday, January 6th, 2011

A Good Economy
MatthewK

By now most people have realized that when the press reports that the economy is strong or getting better, it mean nothing to them. The working conditions or unemployment problems for the average American are not reflected in the reports on the economy. Why is this?

The answer is simple. The media does not report on the state of labor in this country. The most you will see the press report on is the unemployment rate and doesn’t even care to investigate the real numbers.

So, why is the state of the economy so different than the state of labor? The GDP, or the amount of product produced, used to closely track the income levels. In other words, as we made more in America, both the workers and the rich got richer. Over the past 30 years this has changed. Now the workers pay goes down as the rich get richer.

That is why you will often see the stock market go up as the unemployment rates go up. The more they can squeeze the worker, the more the companies are worth, at least short term.

Of course, when the stock markets go down, wages usually go down as well, so the American worker never gets a break.

What’s the solution?

Germany has a wonderful solution. We should investigate it, but you will never hear about it in our news. In Germany, half of all board members in a corporation must be representatives of the workers. Sounds reasonable doesn’t it? After all, the corporation would be  nothing without the workers. Shouldn’t they have some say in how things are run?

The Party of Fiscal Responsibility

Wednesday, January 5th, 2011

The Party of Fiscal Responsibility
Dave Speck

We’ve all heard the millions of dollars worth of lie-mercials on the TV, all about how the Republicans are the party of fiscal responsibility and it’s the liberals that want to tax and spend.

Let’s pretend that we’re really stupid enough to believe that. Wouldn’t we start to question it after seeing the Republicans rake up nine trillion dollars of the 13 trillion dollars in national debt in the past 30 years?

Okay, let’s pretend we’re so stupid that we still believe the lies. Well, the new Congress has just lied their pledge to uphold the constitution and the Republicans are already burying us in dept even further. They’re stocking up their congressional offices with industry lobbyists. They have taken the “Pay-go” policy that balanced the budget when Clinton was in office and completely ignored it during the Bush years. Now they have changed it to “cut-go”. In other words, we can cut taxes on the billionaires and add trillions of more debt to the American people but we have to cut services for the little people if we add any new services to the little people.

Why is anyone so stupid that they still believe this garbage? The party of lies and garbage.

Bring Our Jobs Home

Tuesday, December 14th, 2010

Bring Our Jobs Home
by
David Schlecht

There are numerous quotes stating that America lost over 40,000 factories during the Bush years. Doing a quick Google search for “factories closed” and “plants closed” is a ballpark confirmation of these quotes. Why is America losing all our jobs?

I’m pretty sure there’s little argument amongst Americans as to the cause. All our jobs are being shipped out of the country. That presidential candidate with the big ears, Ross Perot, was right. Free trade is destroying America. That “giant sucking sound” has come true. But, what caused this? How did free trade do this. We were told free trade is the best thing for America.

It’s simple. If it’s cheaper to build things in a third world country where there no laws to protect the workers and no laws to protect the environment, then there’s nothing to stop companies from moving out of the country. The best defense we had against this, since the founding of our country, has been tariffs. PROTECTIONISM! We used to protect our industries and our jobs.

The Democrats in Congress tried passing a bill that would discourage companies from doing this but, as in everything else good for America, the Republicans obstructed it; they wouldn’t even let it go up for a vote. Now, let’s be fair, here. This problem isn’t just Bush and it’s not just the Republicans. Clinton was the one who started this whole screw-the-workers program. But, the Republicans have done more than their share to increase the problem and obstruct any solution.

We all need to start putting bumper stickers on our cars saying “BRING OUR JOBS HOME NOW!” We need to start chanting that at every town hall meeting we go to. We need to start calling our representatives and telling them. We need to start writing letters to our newspapers saying it.

It’s the only way we can drown out the noise of all the money telling Congress to keep it up. More tax breaks for companies sending our jobs out of the country. More tax breaks for the rich. That’s what got us in this mess and Obama wants to continue it.