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Obama And Romney Both Favor A One World Economic System That Kills American Jobs

Either way this election turns out, American jobs are going to continue to get slaughtered by the millions.  During this campaign, Mitt Romney and Barack Obama have both attempted to portray each other as the "outsourcer in chief".  Unfortunately, they are both right.  Barack Obama and Mitt Romney have both participated in the outsourcing of American jobs, and both are openly admitting to the American people that they favor the emerging one world economic system which will continue to destroy millions of American jobs.  In fact, they argue with each other about which of them will be more aggressive in pursuing more "free trade" agreements over the next four years.  Unfortunately, the "free trade" agreements that the U.S. government enters into are never "fair trade" agreements.  As a result, over the past decade we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of national wealth.  This year alone, we will buy about half a trillion dollars more stuff from the rest of the world than they will buy from us.  This trade deficit will be about 7 times larger than the trade deficit of any other nation on earth.  Our economy will continue to bleed jobs at a horrifying pace, but Obama and Romney insist that the answer to our problems is even more "free trade".  What makes all of this even more dreadful is that most Americans continue to fall for this nonsense.

It doesn't take a genius to figure out that merging our labor pool with the labor pools of nations where it is legal to pay slave labor wages was going to kill American jobs and drive down wages for the jobs that remain in the United States.

Why should some giant predator corporation pay you 15 dollars an hour plus benefits when they can pay a worker on the other side of the planet a dollar an hour with no benefits to do the same job?

During the second presidential debate, when Obama was asked why high tech products such as the iPhone could not be made here in the United States, Obama openly admitted that there are some jobs that aren't ever going to come back.

But why does that have to be so?

Why can't those jobs come back to America?

It seems to me that if you cracked down on nations that are cheating such as China, imposed a system of common sense tariffs and cut the corporate tax rate to a level more consistent with the rest of the world that you could get a lot of those jobs flooding back in by the end of next year.

But Obama is so blinded by his faith in the emerging one world economy that such measures are unimaginable to him.

In recent years, the Obama administration has entered into new "free trade" agreements with Panama, South Korea and Colombia.  In addition, the Obama administration is making the Trans-Pacific Partnership ("the NAFTA of the Pacific") a very high priority.

Considering what a nightmare the first NAFTA was, do we really need another one?

The Trans-Pacific Partnership is a treaty that would essentially ban all "Buy American" laws.  It is being touted as one of the most comprehensive "free trade" agreements in history, and it would open up the door for millions more good jobs to be shipped out of the country.

The workers of America simply cannot afford another four years of Barack Obama.

In fact, the Obama administration has actually spent billions of taxpayer dollars to create jobs in other countries.  The following is from a pro-Republican website...

Over his four years in office, Obama promised that he would focus on creating "jobs that pay well and can't be outsourced." However, as he racked up trillions in new debt, billions of dollars did go to create jobs that were outsourced or spent overseas. Whether it is electric cars made in Finland or solar panels in Mexico, taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren't created in the United States.

You can get all the details right here.  Needless to say, the Obama administration has been an absolute disaster on these issues.

So would Romney be an improvement when it comes to trade?

That is very doubtful.

The truth is that Mitt Romney was involved in outsourcing jobs while he was at Bain Capital.  The following is from a recent article posted on Forbes.com...

David Corn of Mother Jones reports that “according to government documents . . . Romney, when he was in charge of Bain [Capital], invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.”

This didn’t happen after 1999, when Mitt Romney says he left Bain Capital to run the Salt Lake City Olympics (Corn was one of the first reporters to raise questions, now gaining wide exposure, of whether Romney really left Bain then), but the year before. On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate of which Romney was the sole shareholder, sole director, president, and chief executive, invested an estimated $14.2 million in Global-Tech, an appliance maker in Dongguan, China. Global-Tech made products for American companies like Sunbeam, Hamilton Beach, Mr. Coffee, and Proctor-Silex. In September 1998 Global-Tech’s CEO announced that the company was postponing a factory expansion because Sunbeam was slowing its rate of outsourcing, and said, “Although it appears that customers such as Sunbeam are not outsourcing their manufacturing as quickly as we had anticipated, we still believe that the long-term trend toward outsourcing will continue.”

Since Romney left, Bain Capital has become even more aggressive with outsourcing jobs.  In fact, Bain Capital has been forcing American workers to train their Chinese replacements even in the midst of this campaign.  Aren't they concerned that they are making their former boss look bad?  The following is from an article written by an American worker that is having his job shipped to China by Bain Capital...

On Monday, November 5th Bain Capital is outsourcing my job to China. On Tuesday, November 6th I'm casting my vote against Mitt Romney.

Yes, I blame Mitt Romney for the loss of my job. Here's why.

I've worked at the same factory in Freeport, Ill. for thirty-three years, making sensors and controls for the auto industry. It's tough work, but it pays a living wage with health benefits that folks can count on, and it fuels our town's economy and tax base.

That's been changing since Bain Capital came to town. Two years ago, our factory was sold to Sensata Technologies, a company created by Bain Capital, and they told us that by December 2012, all 170 of our jobs would be shipped to China. They even made us train our Chinese replacements.

Layoff notices have been sent out, and some folks have already been laid off. Where there was once lots of people and energy and life, now there's only the discoloration on the floor where the machinery used to be. It's depressing. They're not just dismantling the equipment and the plant; they're dismantling our community.

All of this outsourcing is killing America.

Back in 1950, the population of this country was less than half of what it is now, and yet there were more Americans working in manufacturing back in 1950 than there are today.

The decline in manufacturing jobs in the United States has been really dramatic since the year 2000.

In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million...

I think that it is interesting to note that China joined the WTO in 2001.  Since that time we have been losing jobs to them at an astounding pace.  According to a new report by the Economic Policy Institute, U.S. trade with China "cost more than 2.7 million jobs between 2001 and 2011".

The Chinese slap huge tariffs on many of our goods, they manipulate currency rates to make sure that U.S. companies cannot compete, they steal our intellectual property and they deeply subsidize their own businesses.

And yet Obama and Romney insist that this is "free trade".

What a joke.

And our tax structure is absolutely killing us as well.  The following is from a recent article by Ernest F. Hollings...

A U.S. manufacturer exporting to China pays the 35% Corporate Tax and a 17% VAT when its exports reach Shanghai.  A China manufacturer exports tax free to the U.S.

Are you starting to get the picture?

Our trade policy is a complete and total disaster, and yet Obama and Romney continue to insist that we just need to become even more integrated with the emerging one world economic system.

Well, in a previous article I listed 22 statistics which prove that the current path that we are on has been absolutely disastrous for American workers...

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.

#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.

#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.

#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article....

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an "m") for the entire year.

#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

#13 The United States has lost more than 56,000 manufacturing facilities since 2001.

#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.

#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.

#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.

#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are "good jobs" at this point.

#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.

#22 In recent years the U.S. economy has embraced "free trade" and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history....

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

At this point, more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are low paying jobs.

Median household income has fallen for four years in a row.  In fact, median household income is down by more than $4000 since Barack Obama entered the White House.

One recent survey found that about 40 percent of all Americans have $500 or less in savings.  We are a country that is full of broke people.

What we need are more good jobs.  But Obama and Romney are both determined to keep shipping good jobs out of the country.

The path that we are on will only lead to disaster.  Please wake up America.

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  • Rodster

    Like i’ve said many times. The two party political system is basically Diet Coke vs Diet Pepsi. ;)

    • Rodster

      And as Ross Perot once said regarding NAFTA. All it will produce “is a giant sucking sound” for American jobs.

      • Eric

        Yup, but Ross Perot though it would be noisy. It is, in fact, silent until the economic sonic boom hits.

        Free-trade is a silent economic killer when it hits. We have been hit with a giant economic super-sonic tornado – there is no sound until after the sucking destruction is done. By the time we or congress starts to do anything about it we will be way past economic-political collapse.

        We will soon become a nation of Walmart employees unable to afford “made in china” products. We will then raise tariffs and become a nation of unemployed ex-Walmart employees. At that point our Federal Reserve Zimbabwe Dollars will no longer buy an imported obama-phone at any price. The ignorant natives will be really pissed. Only then will we start that long recovery that is “just around the corner” that we have been hearing so much about.

        Godspeed.

    • Arjun Natarajan

      Good one, although using “Coke” vs “Pepsi” may be better in this case as “diet” is somewhat better for your health.

      • RealtyBetraysUs

        Diet is not better for your health, unless you think that artificial sweeteners that cause brain cancer is a “good thing”.Look it up; Healthmasters.com

    • Bob M

      Everything is just fine, go back to sleep. The government will keep printing money to prop up stocks and banks(which buy up americans desperate tax liens) and our underwater homes. The marxist democratic party and the facist republican party will drink together at the same taverns each day bragging how stupid americans are as they continue their socialist decimation of our economy until it all collapse, then there won’t be any money issued, we are all going to be given a mark than identifies us in the accounting systems, feeds us, houses us, tells us where to go to school or work or, gives us medical care or not and eventually KILLS us because we wont fit the rubic. Go back to sleep, it is all over.

    • none

      Coke: The road to hell is paved with good intentions.

      Pepsi: The road to China is paved with good interventions.

    • Ya’aqov ben Ya’aqov

      More like the Corlione family vs. the Gambino family!

  • Prepared Pastor

    This decision comes down to one thing. Whose values to you want reflected in the Supreme Court. As many as four Supreme Court Justices could be appointed during the next term.

    The Supreme Court’s own web site says they interpret the Constitution. Choose the candidate whose values you feel best how you want that done for the rest of your life. In that they are very different.

    • phelps

      Romney will not give us any SCJ’s that will do anything to help U.S. The last Repub to appoint anyone who would uphold the Constitution was Reagan and the elite Repubs hated him. Reagan is the only U.S. Pres since Kennedy to NOT be a member of the Trilats.

      Repubs would already have control of the SC if it weren’t for the Georges. Romney will do no better as the Repubs need he abortion issue to rally the troops.

      Just keep praying for the country Pastor since we have the most powerful friend in the universe to help U.S.

      Good day.

    • TooLittleTooLate

      Boy you hit the nail on the head with that comment.

      If you stack the court with liberals, there will be nothing the govt. won’t be able to do to you/us…. we’d lose our 2nd amendment for all intents and purposes… free speech and at that point, it’s all over.

      • K

        Prepared Pastor,TooLittleTooLate. Are you guys kidding. Roberts approved Obama care. Save your faith for God, he deserves it. The court is just as corrupt as the rest of the government.

      • Rick

        We stacked the court with conservatives, and now we can’t even own our own property thanks to the Supreme Court’s 2005 (Eminent Domain) decision in the case of Kelo v. City of New London.

        • TooLittleTooLate

          K and Rick,

          You’re BOTH right but, you also make the same point really. We HAVE to have the right folks on the court or what is left of our constitution will be shredded in short order no matter who is in power.

          It always surprises me that it’s really very simple to see what the intent of the constitution was/is but, the court looks at it in a way that is so twisted…. Why can’t they simply look at something with the original intent?!?!

          The commerce clause… wow… just wow. The faulty decision that just keeps on giving.

          Honestly, if you got the right folks on the court, you COULD reverse that decision and turn the govt. on it’s head…

          It won’t happen because that decision is for the court, just like dealing with entitlements for our congress… it’s the third rail.

          BUT, if you got the right folks on the court, you COULD actually do that.

    • liberranter

      It really, truly doesn’t ultimately matter what ideology the black-robed tyrants who aspire to the Highest [sic] Court in the land profess. All of them, at the end of the day, are statists whose sole purpose once ensconced on the bench is to ensure the preservation of the power of the State above that of the liberty of the individual. Oh yes, sometimes they’ll throw a tiny chicken bone to liberty by striking down some relatively minor act of Congress as “unconstitutional.” But when it comes to issues that truly weigh the rights of the individual against the Power of the State, the latter wins every time – no matter whether “conservatives” or “liberals” make up the majority (think CJ John Roberts and Obamacare, as the most recent example).

      • TooLittleTooLate

        Yes but imagine if we put honest folks there.

  • mark

    You bring up some good points. Since Obama has already proved he is the outsourcer in chief, we may as well see what Romney will do. At least he wants to cut spending and change the tax structure. He also wants to get rid of a bunch of regulations. All Obama will do is raise taxes, bring on more regulations and spend more borrowed money. Neither one is what you are looking for, but one of them will do less damage.

    • k

      and you believe romney will do all that?? no he wont….and neither will obama do what he is promising.

      The united states is run by lobbies. There is the bank lobby, war lobby, welfare lobby, agro and food lobby and so on and so forth.

      Every single policy i repeat every single policy is framed by lobbies and presidents pick and choose policies from lobbies favoring them and their parties.

    • Paul

      OH yes, cut spending:
      Cut welfare, privatise police force.

      Change tax structure: to head tax of $500 per head.

      Promote a new tax credit: if you can’t pay your head tax you can pay with credit card with 5000% annual interest.

      If you fail to pay your credit card, you go to prison and work there for $1 per day to work off your debts, your food and accommodation, during the prison time the interest keeps accumulating. As soon as your children turn 16 they are due for paying your debts. If they fail, they’ll join you in prison.

      Most popular prison products: shackles.

    • Save the Republic

      Same stupid voter mentality that has gotten us into this. Your thought pattern, like the majority of American voters, dooms this country to failure. Just keep voting for “the 2nd worst candidate”. Nothing like setting your sights low.

    • Paul

      Yes we may as well see what Romney can do mightn’t we, although you’ll still strain your neck trying to look behind while he positions himself. Rest assured though the sound of a zipper dropping is Party neutral.

    • SmallerGovNow

      Bingo, spot on…

  • Mick

    Simple solution.

    Vote your conscience, not the “lesser of two evils.”

    • Digitizedmind75

      AMEN

  • Hubert

    Stop whining and get in line if you want to get your unemployment check and receive your food stamps

  • tappedops

    Romnama/Ryden 2012

    • liberranter

      PERFECT! (ROTFLMAO!)

      • liberranter

        Or maybe Obamney/Biyan 2012?

  • Bill

    America would like to wake up but, we don’t know how. We don’t have a leader to show us how. How does anyone stand up to our current leader who under his self directed power can add anyone he chooses to homeland’s bad boy list.

    Michael, if you run I’ll vote for you. Until you do my vote is still a write in vote for No Good.

    • Michael

      I appreciate the support. :)

      Michael

    • Paul

      You are no different than China or North Korea.

      They too have only one man that can lead the country.

    • Mondobeyondo

      I’d be willing to run, but unfortunately, I’m flat broke. Need to organize some fundraisers if I’m going to get a campaign started. Maybe invite Bono or Barbra Streisand to a house party? J.K. Rowling? Any other suggestions?

      *sigh*

      • Mondobeyondo

        I’ve got it… Simon Cowell!! He could be my campaign manager!
        And I’ve come up with my campaign slogan too! “If you’re sick of the status quo, vote for the X Factor!”

        (oh gosh. I really do need more sleep.)

  • phelps

    I wonder if Romney/Bain were coporate raiders? It would be worth researching.

    Those jobs may make their way back to America, if there happens to be a global depression, which would hurt China more than us. We still have more purchasing power than the chinese and a depression would halt their populations rise to the middle class. Rising fuel prices could make things more costly to be made overseas. Japan has built several factories here in the U.S., a new one going up in F.S., AR now due to rising fuel prices, which increase the cost of shipping.

    America still has more valuable resources overall than any country in the world and the stability to be more business friendly.

    We also have more self-reliant people than other countries and a fighting spirit, which will not keep us down forever.

    Good day.

    • Randome-11

      “We still have more purchasing power than the chinese”

      Only because of the dollar´s place as the world´s reserve currency.

      “which would hurt China more than us.”

      You got it wrong, depression hit those that lives on borrowing and handouts, not those who lives on working their asses off.

      The depression happened because the great majority have been wanting the cake and eating it too for far, far too long.

  • http://TheeconomicCollapse Already Gone

    testing

  • http://TheeconomicCollapse Already Gone

    Previous reply, was experiencing problems accessing your website.Now as the ability to continue is available such i will do.Lot’s of people like to talk the tough fight but when it is time for them to step up to the plate and do so they are no where to be seen so the dismantling of america will continue and the bellyaching,complaining,pissing and moaning about how bad things are going and that nobody will do anything to change it will continue blah.blah.blah. The one’s that prepare for the worse and are willing to see this, analyze it, understand it, and accept it for what it is are the one’s that will prevail, not the {dtb} dictators to be there interests are only to dominate and control the world and if people are to blind to see this only God can help them. So prepare to the best of your abilities and in the end we will prevail and restore dignity and pride back to this country Good luck to all.

    • phelps

      We cannot win a shooting war with those Federal thugs. All we can do is wait for their arrogance to be their undoing. They will try to control U.S., but their is many a slip ‘twix the cup and lip.

      Good day.

  • rikki

    Exo-Digitally Enhanced Humans – Part 1
    October 21, 2012 By Shelly Palmer

    The Future

    One striking aspect of this presidential campaign season is the lack of vision for, or even mention of, the future. Neither campaign is talking much about how it sees the future unfolding. We’re hearing differing views about how 20th Century jobs can be created. Some candidates (not specifically presidential candidates) are speaking of creating high-paying, hi-tech jobs in New York, my home state.

    Here’s the problem: We are never going to need vast numbers of unskilled laborers again. In fact, we don’t need them now. People who translate the value of their muscles to wealth by repeating minimally complicated algorithmic tasks are being replaced by computer-controlled machines at an alarming rate. This trend will never reverse; these jobs can never be recreated.

    more:
    http://www.shellypalmer.com/2012/10/exo-digitally-enhanced-humans-part-1/

    • phelps

      Not true. We will always need unskilled labor. Machines can only do so much and are very costly to repair and replace. When those machines begin screwing up vast numbers of cars coming down the assembly line, then they will be replaced very quickly.

    • phelps

      Also, who is going to make the machines to replace the humans? Not space aliens.

  • imissbackwhen

    Let me tell you a story speaking from personal experience. I was hired by General Motors as a machine operator in the early 70s. There were over 2,000 people working at that plant then. There were over 400,000 hourly employes throughout 138 GM plants at the time. We made hardware parts in our plant — seat mounts/adjusters, interior and exterior door handles, body side moldings, side vent windows and that sort of thing. We ran 2 production shifts and the company wanted to increase it to 3 shifts. The workers gave up the unpaid half hour lunch reducing the workday to provide for 3 equal 8 hour shifts with 20 minute lunches. The hiring began in earnest and there was a line of job applicants a quarter mile long for days. Every few weeks they brought in 50, 70, 80, new hires until they’d added over 800 new employees. Those were good times. We made damn near everything for the cars in those days here in the U.S. The plant housed hundreds of punch presses, benders, roll forming mills, die cast machines, injection molders, a paint department, a chrome plating department, line after line of sub assembly operations with hundreds of people putting together the seat adjusters, the vent windows, the door handle assemblies… riveters, inspectors, packers. There were fork truck drivers, machinists, tool and die makers, pipefitters, millwrights all earning enough to feed, and clothe, and shelter a family with very little help from the government. And the funny thing is that even with all of those 400,000 people making all of those parts that are now made God knows where GM was very profitable and the largest company in the world back then. Looking back it was an incredible contrast to what we have now and something I wish was available to the young people of America today. Of course, as time went on and the free trade agreements started to make their giant sucking sounds, much of that prosperity disappeared. My plant closed and many of us scattered to places halfway across the country from family and friends. Things looked good at my new plant for several years but the modern economy caught up with that one too and it closed in 2010.

    Of course, outsourcing wasn’t the only job killer. Robotics and computerized machining account for a lot of human unemployment too. A production robot can replace at least one person per shift. CNC machining operations have eliminated up to 90% of the man hours required for building dies, molds, fixtures etc. I guess you can’t blame any business for trying to keep up with technology. But when the government pays business to eliminate jobs it’s a damn disgrace. Think about this:

    A business gets a big tax credit sometimes as much as 100% for the cost of investing in capital equipment. If a company buys 10 robotic assembly machines eliminating 20 jobs the government helps them do that with a tax break. Now there are 20 more people collecting unemployment, food stamps, possibly medicaid and whatever else they’re entitled to from a depleted treasury already $16 trillion in debt. Say those employees were making $15/hr. That’s roughly $30,000 per year X 20 or $600,000 of lost income. They won’t be paying FICA and the ex employer won’t either. Even it those people only paid 10% in income taxes the treasury is out another $60,000. This doesn’t even take into consideration the loss of revenue to the local community businesses or the lost state and local tax revenue. And the federal government PAID their employer to buy the equipment that eliminated their jobs!

    Michael Snyder is right. This kind of thing is likely to continue no matter which candidate is elected. Nothing will ever get better until we look like Greece and by then it will probably be too late.

    • Malcolm Reynolds

      Its kinda funny that you have that kind of an insiders view and yet are completely incapable of pointing to the highest expense they have – PENSIONS, as any kind of factor in getting rid of the American worker. Which came first – The ridiculous pension demands or the outsourcing?

      • mark

        You make a great point and the unions killed the goose that was laying the golden egg. Like it or not you have to compete with the rest of the world if you are in an export market.

        • Gay Veteran

          yeah, how dare the unions demand a wage above Third World wages

          • Uppity Prole

            Of course you DO realize that it wasn’t a case of trying to get those wages above 3rd-world levels. It was a case of trying to get those wages to astronomical levels, at union do-it-or-we’ll-shut-you-down gunpoint.

            You union apologists pretend it’s still 1905.

      • imissbackwhen

        More power to you if are a self made person. I mean that. But as an outsider you’ve formed an opinion based on the propaganda you’ve been inundated with. I don’t expect to change your mind but for the benefit of those who’d like an explanation here’s something to consider. If you maintain a stable number of employees — the 400,000 or so I mentioned –the natural attrition rate will make a pension affordable for the retirees. When pensions were negotiated that was the norm and the horrendous downsizing was not anticipated. When you decimate your workforce,literally take it to a tenth of what it was, through outsourcing generated early retirements and buyouts you will then be able to make the argument that your pension costs are out of whack. Many of those so called pensioners had as little as ten years of service, were paid to go away and will receive very little. They certainly are not retired. When the company was in downsizing mode they touted the strategy as good for business. After they’d disposed of enough employees they began opening up to the press and public about the pension woes they had brought upon themselves.

        While we’re on the subject of stirring up populist envy, let’s revisit the hated JOBS bank. Most of the working class people in this country would like to see less outsourcing and the resulting job loss. The UAW tried to address this issue by negotiating a program that would hold the company to keeping a specific number of jobs in house or pay workers for outsourcing their jobs. The intent NEVER was to have people paid for doing nothing. The intent was to keep good jobs in the U.S. Nobody figured a corporation would be crazy enough to pay for both outsourcing and the labor it replaced. But that is what happened. The true intent of the JOBS bank didn’t make for good headlines so the public was ginned up using one of the lowest of human emotions – envy.

        Anyone who criticizes the pre bankruptcy wages and benefits of U.S. autoworkers should ask themselves if they would stand in line to apply for a job like that if it was still available. You can re-read some of the reasons why those jobs are gone in the main article above.

      • Gay Veteran

        yeah, workers should be serfs, not demand pensions

      • Randome-11

        Blame the Unions! Blame pensions!

        Here is the thing, in the 1960s people had plenty of jobs and these jobs paid well. People where getting wealthier, not poorer.

        The economic model of that time worked, much better than the one today.

  • Paul M

    Michael,

    Do you think Ron Paul would have been the best choice to run as the Republican candidate?

    • phelps

      Ron Paul was the best choice for the Repub nominee and future POTUS. The reason I say this is because he didn’t want to control U.S. from cradle to grave. Each person would have been free to pursue their own destiny, but most people don’t want that. They want a leader and gov to take care of them since it is much easier than working hard to improve ones life.

      When Christian’s boo the Golden Rule, then you know we are in trouble with politics. The current system will have to implode before any meaningful change takes place in this country.

      You cannot win national elections by telling the voters you will take away their goodies. He did very well for someone with his beliefs, but when you come under constant attack from your side, the media and the opposition, victory is almost impossible.

      Ron Paul wasn’t perfect, but who among U.S. is? Many seem to feel their guy can walk on water. All they have to do is sell a good line and the voters will drink the kool aid, just like the folks at Jonestown, Guyana did so many years ago.

      Good day.

  • davidmpark

    The problem is not Romney or Obama – they are symptoms of the major issue. The greatest problem is the culture; your culture.

    Now for the part that’ll really tick you all off.

    It’s not the idea of America or any “ism” that I’m talking about. It’s who you became and are now that’s the problem. The culture reflects what you want to be seen and experienced; who you place on pedestals, what you want done where you live, and what you are willing to put up with.

    You – the individual who wants the blame for this collapse to be spread around, is at fault for not stepping in to end it. Your actions are your actual culture. You allow these iniquities to abound by stifling and negating what must be done at your level, where you are and live and with whom. You rejected 2+2=4 for 2+2=6 every time you did not pressure your reps to stop. And everyday you enforce by oppression the suicidal collective soul on all around you. You allowed and in many cases gave support to what has happened – some even did the actions to harm people by creating and enforcing unconstitutional mandates and unjust laws.

    If this country wants to survive and thrive again; it will. Right now, it wants iniquity, wars, and death. And God will allow it. He will not oppress us and we do have the agency to end each other; doesn’t mean it’s a good idea.

  • jonno

    One day there will not be enough money in the USA to buy imported goods, that’s when the jobs will return home.
    Phelps… have you not been reading as to the true state of America and it’s people. Wake up, Grow up. You speak as does a 1950s sitcom. More people died in the USA during the last depression than any other Western country, most of them by hunger.
    Meanwhile, in Australia…….. the air is clear and the ocean pristine. Unemployment about 5%. There is not one area here that slightly resembles one of the depressed, bankrupt American cities. There are no poverty and crime ridden suburbs where anyone is scared to live or work. You are all still welcome here, make the move before things really get out of control in your failed nation. You can then return and rebuild when the worst is over.

    • phelps

      jonno: thank you for the invite to your beautiful country. I may take you up on the offer, if things do get really bad here. However, I’ve been teaching my children that we never run from a challenge and what would it look like if we were to take-off now.

      I know all about the Great Depression and corresponding Dust Bowl. I’ve read and heard about it. The Grapes of Wrath by John Steinbeck is an excellent book and one of my favorites, besides East of Eden. Both sets of my grandparents were farmers. One in AR and the other in OK. Life was very hard for my mother and father, but neither side of family had any quit in them. They survived, but lost a few children along the way.

      I now own land in both AR and OK. I’ve taught my children how to hunt, build shelter from the materials on this land, dig wells and plant crops. I’ve also taught them what is valuable and what is not so that they’ll make good decisions as to what to own and what to leave at Wally, or any other retail outlet. I don’t deprive them as they own ipods and other luxury items as well, just take of the necessities first is all.

      Hopefully, with God on our side, we’ll be fine. If not then so be it.

      Maybe we’ll meet someday jonno and enjoy a cup of coffee and cigar and talk history since you seem to be well versed in the same.

      Good luck and God bless you always.

  • Colin

    I see what is happening as similar to a scenario taken from “The Wizard of Oz”. We see the puppet, while the puppet master is behind the curtains. The real power lies in the .01% of the world’s population – the super wealthy. There is a new book on these people: Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else, by Chyrstia Freeland.

    According to this author, we are in a new age. In this new age, the super-wealthy have no connection to nations and their populations. Their connection is strong amongst themselves. She predicts that the bleeding of jobs will continue regardless of who wins because that is what these people want. They want more money for themselves, and aren’t willing to share with others. She doesn’t see this ending any time soon.

    In my state, California, two of the ballot propositions are dependent on being able to tax the wealthy. And, according to the legislative analysis, this may not be possible for the wealthy have learned how to avoid taxes.

    Why should I be surprised about any of this? In another day and age, President Obama would have been rated as a moderate Republican. This campaign is about two Republicans battling for the same office. The classic Democrat, of Johnson and Roosevelt, has been left behind in the 20th century. In this new century, a new formulation is being developed, and this formulation is decidedly against the worker.

    • Malcolm Reynolds

      “In another day and age, President Obama would have been rated as a moderate Republican. This campaign is about two Republicans battling for the same office.”

      LMFAO!!! You’re outta your damned mind.

    • phelps

      Very true. It has been dubbed The Davos Culture. Richard Trumka, Obama’s union guy, attended last years conference. Many prominent Dems and Repubs have attended the annual meeting in the past, including, but not limited to Joe Biden, Richard Shelby, Chris Dodd, Orrin Hatch, John McCain, Al Gore, David Gergen….hopefully you get the picture.

      The annual meeting is home to the mega-rich from around the world. I know you libs find it hard to believe, but many this one percent you speak are from countries other than the U.S. So, taxing the 25% of top income earners in America will get you nothing and will only punish those creating wealth and jobs in America. The mega-rich, your 1%, will simply move all around the world to avoid paying taxes anywhere. The BBC aired a half-hour special on last years conference and I believe it is still available for viewing on-line.

      Another good book on this subject is S. Huntington’s, Clash of Civilizations.

      Good day.

      • Randome-11

        The top 1-5% pays most of the federale taxes? That assumes

        1) Federale income tax is the only tax there is, there is no such thing as capital gains.

        2) Zero fiscal evasion.

        3) Guberminte statistics are not manipulated.

    • Colin

      In the past forty years, our country has shifted evermore to the right. The Republicans are leading the charge. The Democrats are attempting to keep up with the charge. Their policies have changed in response to what is happening. One of the goals of the Republican party is to turn this nation into a solid right-leaning nation, where the great advances of the 20th century are either altered to meet the needs of the Capitalist Class or are abandoned for they are incapable of being altered.

      Here is an article on the shift from The Christian Science Monitor:

      http://www.csmonitor.com/USA/Politics/2011/0731/America-s-big-shift-right

      http://www.npr.org/blogs/itsallpolitics/2012/04/10/150349438/gops-rightward-shift-higher-polarization-fills-political-scientist-with-dread

      Obamacare, which is hated by Republicans, is based on a 1993 proposal by the Republicans and on the reforms in Massachusetts.

      The New Yorker article has more information on this association between the proposal and Obamacare:

      http://www.newyorker.com/reporting/2012/06/25/120625fa_fact_klein

    • Grumpy

      That’s funny. Really. 50 years ago, Obama would have been labeled a Marxist/extreme left-wing Democrat; Romney would have been a moderate Democrat (or Marxist and Fabian Socialist, if you will).

      • Colin

        Nothing in President Obama’s agenda would have been considered Marxist/extreme left-wing Democrat, even 50 years ago. I heard one political historian say that President Obama would have been considered a Gerald Ford-type Republican. Like I said, he is using the policies of the Republicans to form his agenda.

        • Grumpy

          You ‘heard one politician say…’? And you believed a POLITICIAN!??!? Use your brain – don’t let others tell you what to believe; damn near everything in Obeyme’s agenda is socialist/marxist in nature. Put down the remote and pick up a book for once.

  • bp

    Nothing to choose between the two really but it would be good to see the back end of that arrogant Obummer and see him humiliated

  • http://endzone.weebly.com Craig

    Yes Obama voted for the most recent “free” trade deals with Korea, Panama, & Columbia. BUT, so did just about every republican in congress!!!! Most of the democrats voted against it.

  • Paul

    Oh come on, stop whining.

    If Americans don’t like to buy Made in USA, don’t blame the others.

    If American cars only bring you 20mpg, then don’t blame foreign cars for delivering 60mpg.

    If you don’t like to harness the sun in Arizona, but prefer to bring in oil from the other end of the world, because the taxpayer has to pay for the navy to protect it, then don’t be surprised if there are no local jobs.

    In the UK the “green” industry now employs more people than the car industry.

  • Paul

    Vote for a small party, if you don’t like either of the big.

    Why do you still rely on tv shows and trips around the country to promote YOUR new presidential candidate? Don’t you know that the Internet can do just that for you?

  • Paul

    Interesting. Who sold these companies to Bain Consulting in the first place?

    Did you know that China has tripled their minimum wage in the last 15 years? And if you only pay minimum wage you won’t get any workers. Chinese leave the company at the drop of a hat, if they get more at the place around the corner. There are 2 million workers missing in the Pearl River Delta.

    Chinese go on strike readily. There are about 5,000 riots in China every year, most of them starting as work disputes. Some sources talk about 50,000 per year.

    If Americans want to get better, they better support the Chinese worker than the American millionaire.

    It is the American millionaire that outsources American jobs. And only high wages overseas would make that less feasible.

    • Malcolm Reynolds

      “If Americans want to get better, they better support the Chinese worker than the American millionaire. It is the American millionaire that outsources American jobs.”

      You realize that this makes 0 sense right?

      Dont support the American millionare because he’s outsourcing all the jobs to china which helps the Chinese worker, but you have to support the chinese worker….

  • Paul

    Outsourcing only works if there are huge income disparities between “here” and “there”.

    And, if those guys overseas don’t have enough income will they be able to buy your products when they are exported?

    If your high income is not sufficient to buy Made in USA, then how can a Babgladeshi afford it?

    No president can stop the current economic trend.
    What Americans can do?
    Promote the good life.
    Promote high income.
    Promote good medical treatment.
    But IN YOUR OWN COUNTRY.

    Forget free speech. Talk is cheap.

    If workers want to get better, its no good to fight against other workers. Better stand up against those who remove capital from the company without working one second to increase it.
    GET YOUR WAGES.
    It’s only fair to be paid for your hard work.

    • Paul

      I have no sympathy for people buying a Porsche, when my overtime is not paid and I have to waste 3 hours every day waiting for public transport because I can’t afford a car + insurance + fuel.

      • Malcolm Reynolds

        So, of course you’ve sued the company to get what’s owed you?

        Why should anyone sympathize with you if havent done anything to improve your skills or start a business that allows you to afford a car? I see nothing but laziness at the heart of your claims.

  • Mondobeyondo

    The real reason why high-tech jobs will never return to the U.S.:

    You are a high-tech company. (Apple, Intel, Microsoft, Google, etc.)
    You have a choice: pay an American worker $20.00 an hour to manufacture your product, or pay a Chinese worker $1.00 an hour to manufacture your product.

    Both the American and Chinese workers are hard working, dedicated employees. By choosing the Chinese worker, your company would save $19.00 in labor costs, plus any additional expenses regarding Social Security taxes, unemployment benefits, etc. You won’t have to pay the Chinese guy/gal any health benefits. No vacations. Just let them assemble microchips and iGadgets or whatever, for 12-13 hours a day, and they’re happy.

    If you choose to hire the American worker, you’ll have to pay him/her far more as regards to salary, as well as FICA taxes, a 401(k) contribution, medical and dental insurance, sick leave, vacation pay….

    So which would you choose?
    THAT’S why companies are leaving the U.S.

    • Michael

      Very good points Mondo.

      Michael

    • Malcolm Reynolds

      Yup. Few people realize that FICA taxes are only half of the equation. Federal thieves steal the other half from your emplopyer.

  • MeMadMax

    It used to be that the federal gov’ment was funded entirely by Tariffs! Then some progressive got the bright idea for income taxes, and the rest is history….

  • chiller

    Corporate greed cares not about patriotism nor do they have allegiance to any country. Their allegiance always has been and always will be to the gods of profit. Getty was guilty of selling oil to the Nazis during WWII as just 1 example of how warped these people are. Now we are faced with a whole country full of “Gettys” who will stop at nothing and throw anyone under the bus, all in the name of profits.

    • Save the Republic

      Absolute truth.

  • Wake up

    I think the proof that President Obama is a Communist and a fraudulent phony is overwhelming but America has left itself with only one other choice in the 2012 presidential election. We can either have four more years of Obama, or we can trust our fate to a progressive Mormon cult Bishop named Mitt Romney. That is one hell of a choice that Americans have. Let’s first realize that the President we now have is a Marxist. Obama found favor with most inner city dwellers because they knew that with Obama in charge of government they were going to get free handouts. He has done that. However, nobody is paying for the handouts so if it continues, the increasing debt is going to bring down the whole free enterprise system. That just happens to be the prime Marxist goal because Marxists want government to totally control all enterprise.
    I am sorry if the term cult offends Mormons, but if they do not want to be labeled what they are, they need to stop the social oppression against those that depart from their church. They also need to stop putting demonic twisted doctrine on Christian labels and instead repent of their false teachings, throw the book of Mormon and their Doctrines and Covenants in the trash, and start teaching what the Bible clearly says about Salvation, Jesus, God and other essentials of the Christian faith. Romney will NOT change anything but will continue down this path of distruction for America.
    I Vote “None of the above”!!!!

    • Save the Republic

      There isn’t “only one other choice”. That is MSM propaganda that they have been spreading for decades, and only the ignorant fall for it (unfortunately, way too many Americans are). You can choose to vote for any individual that is eligible, even if they’re not on the ballot. You don’t have to choose from the 2 that have big money on their side. The best leaders should be chosen for the ideas in their head and the character in their heart, not the money in their pocket and the makeup on their face.

  • Save the Republic

    The single biggest reason that no working-class American should vote for either of these puppets is this issue. A vote for either of them is a vote against your own best interests. Vote independent or nothing.

  • Paul M

    The silver lining of this election is more people are becoming aware of America’s economic issues. Before the election I asked 20 people how much the national debt was for the U.S. Only 1 person was within a trillion dollars.

    With 66 million viewers watching the first debate, at least more people have high level knowledge of how outsourcing is trashing our economy, an idea of what our national debt is, and that the 7.8% unemployment rate is a bunch of “malarkey” I agree that both candidates are inept.

    Nothing has been brought up about the Euro Debt crisis or the derivatives bubble in these so called debates Obama initiating QE3 has not been brought up once during the debates. At least according to my recollection. Barack signed the NDAA act as well. Mitt Romney only had 39% approval rating at the end of his term as governor of Massachusetts. Romney has galvanized the left with comments such as “Let Detroit go bankrupt” “I like to fire people” and “47% see themselves as victims” Choosing between these two candidates is like choosing to eat a rotten egg sandwich or a rotten egg sandwich with mustard and pickles. Guess it comes down to whether or not you like mustard and pickles.

  • Martman

    as a canadian I long for the days when I could buy good tools made in the USA or |Canada they of high quality and last forever.
    Now I have ro hunt long and hard for something even made in mexico.
    As a consumer I refuse to buy made in china if at all possable, it costs me more but as a consumer we have a choice. If nobody bought the stuff there would be little market for it.
    North American consumers are so eager to have everything right now that the
    low price china offer is the only way to have everything now.

    • liberranter

      We could start seeing “Made in [insert North American country name here]” again if North American governments didn’t burden industry with such suffocating (and usually unnecessary and counter-productive) regulations and confiscatory taxation and stopped making it impossible for entrepreneurs to set up and operate factories here.

  • JMorcan

    The dissipation of America’s middle-class wealth goes all the way back to Nixon and the Shanghai Communique. Every U.S. administration since has pursued our economic demise in the guise of free trade and corporate opportunity. The tipping point came when Bill Clinton orchestrated NAFTA and encouraged China’s entry to WTO. The Yuan will be world currency within fifteen years.

  • SmallerGovNow

    Another good article Michael, keep ‘em coming….

    • Michael

      Sometimes I do get quite exhausted. :(

      Michael

  • Mondobeyondo

    [Off-topic]

    Here we go AGAIN!!
    Today’s Missing Blonde Girl of the Week just happens to be little Miss Autumn Pascuale.

    http://www.dailymail.co.uk/news/article-2221273/Frantic-search-missing-girl-12-disappeared-riding-bike.html

    Let’s hope she returns home safe and sound…

  • nowwthen

    Ross Perot was about 20 years too early. If ever there was acandidate who opposed all the unfair trade it was him. The problem, as usual, was that voters were afraid that they’d be wasting a vote for someone who didn’t have a chance. His running mate, Admiral Stockdale, didn’t help either with that bizarre debate performance.

    • liberranter

      Perot got almost twenty percent of the popular vote in 1992, something unheard of for a Third Party candidate since the early 1900s and sign that a Third Party candidate can indeed prevail (or could, until the FEC tampered with ballot access laws after the ’92 election to ensure that no strong independent candidate could ever again get so much of the vote). There is good reason to believe that Perot could have gotten even more of the popular vote had he not dropped out of the race at one point – something that he did because he claimed to have been threatened by agents of the Regime. Many of us dismissed his claims back then as fantasies, excuses, or sour grapes. Now, however, given the naked depredations of the Regime since then, especially over the past decade, one can readily believe Perot was telling the truth.

  • The Claymobile.

    Michael, another excellent article. My sentiments exactly. On a different note, why do these weasel politicians always wear these depressing dark blue suits?!

    • Michael

      Their wardrobes are carefully selected. It is probably what the consultants believe will get them the most votes.

      Michael

  • TooLittleTooLate

    The problem with our current party politics, as I’ve said before, can be explained easily.

    It’s not just left and right. Of course the left is for all government, the right is for smaller government…. that’s true but, the other dimension to this equasion is, are they liberatarian ( anti-authoritarian ) or, authoritarian.

    Our current problem is that BOTH parties are becoming more and more authoritarian…. BOTH parties support the Patriot act, BOTH seem to love the TSA groping our wives… Both seem to think drones flying over the U.S. is just fine… Both seem to think it’s ok to suspend habius corpus for any person they think is a bad guy whether it’s a U.S. Citizen or not.. on U.S. soil or not… the mere accusation is enough to lock you up indefinately.

    The only difference are the issues each party takes up…. The Republicans seem to want to be in your bedroom… the left wants to be in EVERY room.

    It’s sad that these are the only two parties we have… it’s sad the people of this country are so spoiled they don’t think they need to pay attention as all of our privacy goes by the wayside to ever more intruding regulation after regulation.

    Sadly, we’re doomed. The America I grew up in is no more and we’re in a death spiral of economic collapse that will not end well.

    I only hope that after enough suffering has occurred, we’ll wake up as a country and restore our constitution but, if history tells us anything, that will not happen. We’ll end up with our own version of the golden dawn party or even worse, communism. One is one the left and one is on the right but, the thing they have in common is the authoritarian aspect that almost always happens….

    When people are hungary and starving, darkness and anger take over… they cling to anyone with an answer that appeals to their base instincts that will feed them.

    Again, thank you, Michael for such a great site.

    • Michael

      You are welcome. I spend countless hours in front of the computer, and I am glad that people appreciate the work that I do. :)

      Michael

    • Gay Veteran

      ” the right is for smaller government”

      the right SAYS it is for smaller government

      • Grumpy

        Resolve the dissonance by paying attention to actions, not words. The right IS for smaller government; many Repukelicans are leftists.

        • Gay Veteran

          of course. because like communism, conservatism cannot fail it can only be failed.

          • Grumpy

            That’s right, individual freedom always fails. Lack of government interference in day-to-day private affairs is a terrible thing to contemplate; heaven forfend that I choose what to do with my life, or what I choose to put in my body. That’s what government is for – to take care of me and tell me what to do for the duration of my life; I am property of the state, and they know what’s best for me.

            Since they know what’s best for me, it’s in my best interest to support the banking/financial system, even if it enriches others at my expense. I should listen to the government when they tell me to purchase specific items from corporations, what food to buy, which TV shows to watch, how to cast my ballot, how and where I am permitted to travel, what kind of work I’m permitted to do, how much of my income should go back to them, what to learn in school, and to never, ever protest against how well they’re treating me, even when they inform me that I must die for my own good.

            After all, they know what’s best for me.

            And I do apologize for considering the idea that you might actually be capable of reasoning and critical thinking; I won’t make that mistake again. You’re almost as bright and constructive as Gary2. Almost.

      • TooLittleTooLate

        Yeah, you’re right. The republicans are bad enough too….

        Just think of what the govt. regulates… Just wake up in the morning and as you start the day and go about your activities what is being regulated….

        You wake up and take a shower… the amount of water that comes out of the faucet is regulated, the purity of the water is regulated… the fibers in the clothes you put on are regulated… the vitamins you take, the food you eat, the car you drive to work, the gasoline, what’s in the gasoline… on and on and on and on.

        Virtually everything you touch is regulated in some way by some govt. agency somewhere. I’m surprised we get anything done at all anymore and, I’m even more surprised that we’ve been successful as a nation as long as we have been in spite of all this over-regulation.

        If we had a working market, the market would take care of any problems we’d encounter because of faulty products.

        • Gay Veteran

          Grumpy, AGAIN: like communism, conservatism cannot fail it can only be failed

  • http://back2theland.com Old Timer

    What was-is no longer, and will never be. Time to get off the pot and see where we will be in a decade of time.

    Currently the money makers are defense spending, and to my mind that suggests in the future we will become, as now, the military for hire. Look for drafting citizens into the military, more police regulations and control issues. OT

    • Save the Republic

      Should our military budget be called defense spending? Isn’t it really for offense these days? I guess it doesn’t sound politically correct to call it the Department of Offense.

  • sally mae

    The only way we can turn this around is for the American people to start insisting on a choice of American made products. The manufaturers would then have to deliver a quality product to justify the cost. This government is far to corrupt to tackle and issue that would affect their own bottom line. We need leadership!!!!!

    • Save the Republic

      Just stop buying foreign whenever possible. The only pressure TPTB understand is when their funding is cut, so insist with your dollars.

  • GoneWithTheWind

    The two biggest factors in outsourcing jobs are high taxes and unions. Most companies that choose to outsource could not compete if they could not outsource. The fix is to remove the monopoly/stranglehold the unions have and to lower taxes on businesses.

    • quercus454

      Actually your wrong. It is much simpler then that. It is greed. It is amazing that people continually want to blame union labor or high tax rates for the outsourcing of jobs. As far as union labor being high, when did it become wrong for people to make a living wage? Granted public sector jobs shouldn’t be unionized. Those people already have protections and job security. The private sector is much different and without protections mandated by union agreements you would have a much smaller middle class. Take a look at the 1960s when unionism was at it’s peak and the economy/middle class. The economy was robust and the middle class growing. American workers in part because of unions were paid better. Because they were paid better, the economy was expanding. Workers could afford to buy cars, homes and other commodities. What you are suggesting is that American union workers are being over paid. Now 20-40 bucks/hour is good money for most union workers, but those wages don’t keep up with inflation. Middle class workers in the 1960s had more purchasing power. To really be a part of the middle class today you need those high wages. Do you really think the private sector would pay middle class wages without unions, especially considering the min wage is less then 8 bucks/hr?

      The tax rate in the US is high, but few if any major corporations pay anywhere near the top rate. If one looks at the money taken in by the government, the amount from corporations is significantly down compared to the 60s as a contributing percentage of revenue.

      Corporations always use labor as a scape goat. Yet even when American workers make big concessions, they are not happy. Corporations often use consumer savings as an attempt to gain public support for lower wages. The reality is labor savings are rarely passed onto the consumer.

      When a part of the workforce in certain industries have a good wage, it usually forces the rest of the industry to pay competitive wages. So union jobs and wages often increased the incomes of non union workers in the same industry. When American wages go up it benefits everyone. Companies hire more workers to for the increased demand, unemployment goes down. The government increases it’s revenues as more income is generated that can be taxed. Less people are on the dole, so there is less cost to the taxpayer. Companies because of expanding sales increase profits.

      The model of using near slave labor to increase profits was disproved by Henry Ford long ago. He discovered that if his workers were paid enough to buy his products, they would. That hasn’t changed. Unfortunately the American corporate world now is globalistic in nature and wants the entire world workforce to be at the lowest common denominator. It is short sightedness in the extreme. They are killing the goose that lays the golden eggs for a short term profit gain.

      • Malcolm Reynolds

        Actually you’re both right. It’s high taxes, regulation and union GREED.

        Since when did an unskilled laborer deserve to make $20-$40 for operating a screwdriver and have unpaid for pensions for life?

        “American workers in part because of unions were paid better. Because they were paid better, the economy was expanding. ”

        Are you trying to claim union monkeys make less now than in the 60s? Not so much.

        Job security? What the hell is job security? You’ve made an agreement with someone to exchange your limited skills and time for some money. There endeth the agreement. Since when did hiring someone mean you have a job for life? You’re full of pure communist agitprop.

        “Corporations always use labor as a scape goat. Yet even when American workers make big concessions” Labor being by far the most expensive part of a business? Please cite when big labor made ‘big concessions’.

        • Gay Veteran

          “Please cite when big labor made ‘big concessions’.”

          try reading a newspaper once in a while

          or a simple Google search

        • Gay Veteran

          Malcolm always siding with his corporate masters like a good little serf

      • http://endzone.weebly.com Craig

        I agree with you.

      • TooLittleTooLate

        Interesting comments to be sure. To some extent, you’re right, I’d say BUT….

        At my own company, I’m considered management. I don’t manage anyone except computer programs but, we’re highly unionized.

        The problem we seem to have is that the union demand better benefits than management gets. We get sub-par work. It’s hard to fire bad apples.

        This isn’t my company but, my friend works at Lockheed…. they had a union strikc and 80% of the workforce walked off the job and only the engineers etc. were there….

        Would you belive production actually went up?!?!?! Yep, it’s true. All the while, the engineers were coming up with new procedures that will eliminate many of those oh so important jobs.

        After over a month of them being on strike, the union crept back and took a deal that wasn’t as good as the one on the table when they walked off the job.

        The unions these days, IMHO are for the unions, not the workers or the work. If you think I’m wrong, just have a look at our schools…. you can’t fire a bad teacher and you can’t give a good teacher a raise on merit. You can throw all the money in the world at that system and you still end up with a crappy result.

        I guess my point is that we’re already a spoiled nation of, “gimme gimme gimme”….. the unions served their purpose at one time… now…. I’m not so sure they serve a working capitalist society…. ( not that we have one )

        • Rick

          What this country needs to grow again is a massive levy of punitive tariffs on all imported goods and services, heavily unionized industries and a highly regulated economy.

      • TooLittleTooLate

        Some of your logic totally escapes me…… Here’s your quote:

        “Corporations often use consumer savings as an attempt to gain public support for lower wages. The reality is labor savings are rarely passed onto the consumer.”

        So, labor savings are RARELY passed onto the consumer???

        Sorry but, If it takes 2hrs for Johnie to make a buggy whip and, his wages are 10.00/hr, you have 20.00 plus materials plus profit.

        This is 3rd grade math.

        I don’t like to be so confrontational… even on the internet but, your reasoning escapes me.

        I’d place much of the blame for our situation on our current politicians… We can’t compete with Chinese goods paid for with slave labor and manipulated currency. We may not live with as many gadgets but, at least we wouldn’t be bleeding off ALL of our wealth as a nation…. sending it to the people’s republic of China.

        I’d be much more about fair pay for fair work but, our political climate doesn’t allow for that. It’s not the companies doing this to us… they’re sitting in congress right now…. those are the bad guys and nobody pays attention.

        • Save the Republic

          It’s not about math, which is logical, it’s about greed. Look at Nike. The sneakers cost a fortune, even though the labor is dirt cheap. Materials are no more expensive than for any other footwear in my estimation. It’s all about maximum profits, not cheaper goods for the consumer.

          • TooLittleTooLate

            Your point is well taken but, on the other side of the coin, The Chinese can bring products to market we simply can’t compete with.

            With our higher labor costs and regulations and obamacare, it’s a pretty tough road to hoe. It’s far from a level playing field.

    • Gay Veteran

      “The fix is to remove the monopoly/stranglehold the unions have”

      what planet do you live on?!?!?!? American unions are now extremely weak

  • Washington

    Who’s Afraid of an Open Debate? The Truth About the Commission on Presidential Debates

    http://www.youtube.com/watch?v=1NXhoP5bQ2M&feature=player_embedded

    The 2012 Debates – Memorandum of Understanding Between the Obama and Romney Campaigns By MARK HALPERIN | October 15, 2012

    http://thepage.time.com/2012/10/15/the-2012-debates-memorandum-of-understanding-between-the-obama-and-romney-campaigns/

  • quercus454

    Anyone who has been awake the past 20 years could see the writing on the wall. The US is being systematically destroyed from within. Those who support a one world government, controlled by the wealthy and corporate elite have been pulling the strings for years.

    They control the media, the politicians and the wealth.

    Globalist ideology has brought us:

    Inflation caused by monetary policy
    Exporting of jobs over seas.
    Importation of both legal and illegal labor
    Dramatic increases of immigration/population.
    Unfair free trade agreements.
    Lax and almost non existent border control.
    Rising trade imbalances
    Soaring deficits.
    Foreign wars

  • Natalie

    We the people

    We have the ability to vote everyday with our dollars. Our goverment is following our lead. We want more junk for less money quality and safety out the window. We keep buying the same crappy stuff over and over. Our homes have to be bigger to store this stuff. Walmart is our buisness model . They are the oulet store for made in China. Their employees are kept in lowest incomes to allow us to supplement their wages and benefits. The holidays when we try to buy people alot of stuff to feel the good cheer bit remember to check out what is still made here in the USA and support the few manufactors we have left and many small buisness people on line. They are preparing their end year money harvesting adds to get us to hand over what little we have left. This is supply and demand as a nation we control the demand to start pick where it is made and where we buy it. Remember each dollar is a vote for us or against us.

  • patriot alice

    “Di la, e di le, poca differenza che” The main difference is that Romney knows how to CREATE jobs, Obama knows how to tax Peter to pay Paul…

    • Save the Republic

      Yeah, he creates jobs in China. Thanks Scumney!

    • Rick

      I have no doubt that Mitt Romney will create jobs all right, but they will all be earmarked for China.

    • Rachael

      Hey Patriot Alice…my comment to you is “maybe”. The only thing we have going for us at this time is a promise from Mitt, and 4 years experience from Obama. I don’t like what the experience has shown, and I worry about the unknown re Romney. catch 22.

  • Jerry

    Vote for the “R”s wherever possible. Like it or not it’s our only hope of repealing the horrendous albatross called obamacare, if nothing else.

    • Save the Republic

      You’re out of your mind. If you don’t start voting outside the D/R box, they’ll soon be burying you in one…

      • Uppity Prole

        You can vote for the lesser of the two evils, and maybe you’ll get the lesser evil. Or you can vote for the Singing Unicorn. You won’t get it, but you sure will feel superior to those who let themselves be constrained by Reality.

        • Save the Republic

          We could get real representation, if people would stop with the lesser of 2 evils crap that they’ve been brainwashed with. Everyone has free will to vote with, but the American lemmings are always gullible enough to fall for the propaganda of the “2-party system”. You, along with the other lemmings, will continue to vote for 1 of 2 candidates, neither of which has the least concern for what is in your best interest, or for “We the people”.

  • markthetruth

    This is why I’m against any medical science that Intervenes with the creation of life (aka cloning,sperm banks) which you get to choose the looks,talent, Intelligence ext. of life other then what is given to us by God himself. All else is voodoo and will spell even more danger. Life is gift and not a invention. If we manufacture life per Specifications which i see use heading (as we do with animals such as dog’s )we see the danger’s of breading killer dog’s for a sport. Humans will go the same route because we are greedy and selfish. Things will only get worse when everyone looks and has the same IQ, no one will know what is ugly or smart. This world will become a planet of manufactured creatures,food , Liquids. Until the Man above has enough, and hell will freeze over as it has in the past. He will start from scratch again. We then will dug up and be the dinosaurs of the next life.

    the end.

  • Warrant

    Well, the wife and I did our part. We voted early and selected GARY JOHNSON for president. That’s two votes for him now, so if you haven’t voted yet, why not add your additional votes to the tally?

    It’s time for America to wake up and actually vote FOR someone rather than against.

    • K

      Warrant, well done. Did the same myself, last Friday.

  • silver serfer

    How’s that lesser of two evils thing workin’ out for ya?

  • Washington

    Keyes to the Republic Vol. 1

    President Obama and Mitt Romney. Our Nation faces a great crisis and the integrity of our Republic is at stake. Barack Obama offers a path of socialism; but is there real hope in the alternative?

    http://www.youtube.com/watch?v=4R4KtYVF-74

  • http://theeconomiccollapseblog.com chris1

    “even more dreadful is that most Americans continue to fall for this nonsense.
    It doesn’t take a genius to figure out that merging our labor pool with the labor pools of nations where it is legal to pay slave labor wages”
    Huh,? What? I thought this blog was about lady Gaga.
    Yep the sheep will awaken pissed off and broke.It depressing to know all the details.
    thanks for this blog.

  • Sd Mule

    Martman,

    Not bad, it’s a shame most Americans can’t figure this out. Stop buying the foreign products and they will disappear from our marketplace. It is very difficult to educate people who only wish to blame someone else for their issues. You are correct, good on you, mate!!

  • Sd Mule

    Natalie,

    Good for you, young lady! What you say is correct.

  • Matt

    Try to live these days on your own at $15 an hour.

  • Fred

    There has been very good articles on the American economy and the global enonomy, the political situation in many countries of the world, and the decline of society as a whole over the last 40 years. Things will be worse in 2013, 2014, and 2015. I would not be surprised, if there is a total collapse of the global economy.

  • Washington

    UNINSTALLING THE TWO PARTY SYSTEM

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    • Save the Republic

      Right on!

  • Nobody

    I am a foreigner and perhaps it is easier for me to see what has completely destroyed the American industry. In my opinion, it is the petrodollar system where every country that needs oil, needs first to get dollars to buy it. The only way to get dollars is to sell products or services to the US. The whole world is competing to sell to the US and this explains why everything is much cheaper in US than in any other country. Americans have lived on a buyers market for the last 40 years.

  • Rick

    The multi-national companies are not interested in employing Americans in manufacturing as they simply cost too much. However, they can’t readily outsource retailing jobs, so those low wage positions (that typically have little or no benefits) are all that one can expect.

  • Washington

    Photos of U.S. and Afghan Troops Patrolling Poppy Fields June 29, 2012

    http://publicintelligence.net/us-afghan-patrolling-poppy-fields-2012/

  • Uppity Prole

    The argument that “Romney outsourced at Bain, therefore he will outsource as President” disregards the fact that the goals of a Bain CEO are different from the goals of a US President. The game is different. The winning strategy will therefore be different.

    It’s like saying a basketball player would use a bat because he used to play baseball.

    • Save the Republic

      Game isn’t different…President basically works for those that give him the most money, big corporations. Those corporations want the cheapest possible workers because the executives are too greedy to leave any stone unturned in their quest for every penny they can get. Elected officials will therefore continue to sell us out for the sake of the big corporations.

  • Jane B

    Great! Compete against people paid 10% of Americans. Then pile on environmental restrictions galore. The Chinese have none of these concerns. They must be laughing at our stupidity!

  • Rachael

    I’m not an economist…I can’t brag of knowing how to fix all this. But would someone tell me what would be wrong with legislation that would put such a high tariff on certain imports that it would be cheaper for companies to make their product in the USA rather than outside the borders and having the product then shipped back here? Seems to me financial incentives to stay in the USA are in order. ??

  • JG

    Sorry, America, but from our vantage point up here in Canada, you’ve blown it. Please take this as the equivalent of constructive criticism from a good friend, not as any kind of ‘bashing’:

    This is the last minute to turn yourselves around, and there’s a good chance you will. However, the problem is that you let the powers that be in America control you in ways you don’t realize… they put you guys in a cocoon, isolated from the rest of the world, split you in two camps (but not three or more), and make you waste all your energy fighting each other. Sure, arguing over societal problems is good, but not in the form that you are doing it: bashing too hard on each other doesn’t mean the right politicians will get elected when both sides are just as bad, because both know you’ll alternate between them. Smash all the bottles you want, Coke or Pepsi will win in the end, not Dr. Pepper. :)

    A major reason why is that you don’t have a strong third option, let alone any significant churn and re-invention on either side of the political divide. Since you guys think socialism is a dirty word, you lack a strong social democratic party. Instead, you have a barely center left party (Democrats) and a hard right party (Republicans). That’s the least amount of choice and smallest difference between parties in the free world.

    You also don’t severely punish either side when it’s faltering, except perhaps deny a president his second term. You didn’t even punish the Republicans in 2008, and brought them back to Congressional majority in 2010!!! WHY?!?! You should have sent them to the ‘corner’ to make them think about the Bush years for awhile… and then slowly build them back up over two or three elections, to show them who’s really in charge (YOU, the electorate!)

    Instead, they know that individually, they can lose the next election over voter anger (senators and members of the House), but as a group, both sides know they’re safe, because obliterating one would mean an automatic long term dictatorship of the other. That’s a major weakness that is already hurting America and could be the context for its downfall…

    Good luck, we in Canada know you need it, both for your own good and to our mutual benefit!

  • jadams9845

    The only way you can lead is by example. We have allowed ourselves to be lead by the misguided agenda of political correctness and social ‘responsibility’. It’s not this country’s responsibility to have a ‘safety net’ for thirty percent of the country. Social Security and Medicare has been withdrawn from my paycheck since I began working (30+yrs). Unfortunately, the pukes in DC used it to pay for their agendas. The scum GOP and DEMs are equally responsible for this as they are two sides of the same coin.

    If this govt thinks we are going to sit back and take it, they are in for a rude awakening….oh, and by the way, we have 70% of the US Military on our side!!!

    They are quiet and so are many of us, but the message needs to be delivered to all the Fedcoat troll pukes monitoring this and other websites: We win and you LOSE! Take that message to your bosses in Washington, douches.

  • Mainer

    No matter how we slice it…we are going to come up short! The United States will never be the same after this election, You think things are bad now, you just wait and see…take off your blinders and hope and pray for the best! Everything will change and honestly…it will not be good! America may very well be stamped with no longer the land of freedom!

  • Kent

    We worry a great deal. When one reads the Bible we find answers that are very straight forward. Granted we may not like the answers, but they are from God and He truly knows the future. I could stress about the world and live in fear, but what does that achieve. If the world was to end tomorrow honestly what could we do. Nothing. I know that sounds insane, but one has to trust God. If we are in the End Times than one has to rejoice because that would mean our Lord Jesus Christ will return soon. Even though, hardship, grief and much suffering will occur. Isn’t that what Christ went through for us.

  • Washington

    Romney Rep. Peter King: Presidential Kill List “Totally Constitutional”

    http://www.youtube.com/watch?v=o6GQr8m5cOY&feature=player_embedded

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