By now it would seem impossible that any American could believe that what occurred at Bain Capital wasn’t/isn’t occurring across the U.S. within every corporate and financial conglomerate. The gates have been taken off the hinges and it is a corporate race to the cheapest labor market. I’m no Mitt Romney fan, or fan of the Republican platform, but I refuse to be deceived by political distortions designed to prey upon the spoon-fed fears of the blind faithful.
Off-shoring (now politically re-labeled out-sourcing) of U.S. jobs has been a bipartisan effort since the very beginning. Economically disastrous “Free Trade” is one of two primary bipartisan legislative agendas destroying the U.S. Economy. Clinton - NAFTA, and Permanent Free Trade with China, Bush – CAFTA, Obama - South Korea, Columbia, Panama, each agreement increasing U.S. Trade Deficits and fueling more off-shoring of meaningful U.S. jobs that are not being replaced in the U.S. Economy. In addition, waiver of U.S. duties, taxes, and tariffs on imports/exports increases Federal revenue shortfalls and U.S. Taxpayer liabilities. The winners as always are multinational conglomerates, wealthy investors, financial giants, and legislative insiders with advanced knowledge of where to invest and when to time investments.
On average Chinese laborers earn the equivalent of $60 to $80 U.S. dollars per month, receive no benefits, work in environmentally and physically hazardous conditions with virtually non-existent safety and environmental laws. But China is just a single example of the cheap labor markets U.S. workers are being told they must compete with. Both party’s have voted in lockstep on “Free Trade” and despite the unquestionable economic carnage spreading across the U.S., neither party is stopping. Until the U.S. labor force is repressed to the level of Communist and Third World Nations, there is no possibility for U.S. labor to compete.
Forget the fanciful political fairy tales of “We’ve got a “Jobs Creation Plan”, focus on legislative actions and factual evidence. Every “Free Trade” agreement is a losing proposition for U.S. jobs. The U.S. Economy is being collapsed for most American’s while those “playing by paying” both sides of the aisle will continue amassing wealth at the expense of most American’s.
The second bipartisan agenda is broad corporate and financial deregulation supported by the Reagan, Bush Sr., Clinton, Bush Jr. and Obama administrations, and both Democratic and Republican controlled Congresses. With each deregulatory effort, the level of greed and corruption in the Corporate, Financial, and Political Systems has become so extreme that it is impossible to define as anything other than financial and economic disaster for the American Economy.
But not to worry, each time government simply extorts money from U.S. Taxpayers to financially save massive corporate/financial conglomerates run into the ground through fraud and greed. Again the winners are multinational conglomerates, legislative insiders, and wealthy investors who enjoy having their investment wealth salvaged for them by taxpayers. The most recent financial system meltdown would not have been possible without the repeal of Glass-Steagall. A law passed in 1933 to end market manipulation and financial fraud by massive financial/investment/insurance conglomerates that fueled the great depression. Why regulate an industry that has proven it is incapable of regulating itself?
Most corporate executives responsible for recent waves of blatant fraud and corruption not only got a pass on their crimes, they enjoyed significant new financial rewards that soon followed. Books were horrifically cooked, markets highly manipulated, illegal accounting practices employed, counterfeit business ventures reported, clients put into investments were pitted against more preferred clients betting against the same investments, financial giants made fortunes promoting high risk investments that cost small investors their life savings, etc. etc., etc., BUT TRUST US, NO ONE WITH THE AUTHORITY TO STOP IT COULD HAVE SEEN THIS COMING.
Washington delivers deregulation with decreasing power/authority of regulatory agencies to identify, stop, and prosecute corporate fraud and corruption. Each time another corporate entity implodes, “bubble” bursts, or financial system collapses - the best leaders from both party’s can offer - is to insist they were once again taken by surprise as they extort more taxpayer money to save their hilariously wealthy pals from their own greed and corruption. After all deregulation also spawned monopolies that are simply “Too Big to Fail”.
And don’t overlook other bipartisan agendas. The Patriot Act/Extensions, Afghanistan and Iraq wars, non-existent insider trading laws for legislators, reckless escalations of the National while both sides of the aisle can’t even agree on how to reduce deficit spending, lobbyist cash freely pouring into political party coffers and direct contributions to legislators to purchase favorable legislation, massive corporate welfare programs for highly profitable industries and conglomerates.
For those that seem incapable of comprehending the obvious, our apparently diametrically opposed and incompetent political leadership is not diametrically opposed or incompetent. The fact is, regardless of divisive political posturing, when it comes to catering to power and money, off-shoring jobs and economic sellout, both party’s operate from the same plan. “Ignore what we we’ve done, ignore what we do, just choose us, those other folks are really, really bad, we’re on your side”. Once again perception, no matter how twisted, will be substituted for reality by the clueless. As the most equitable economy to ever exist on the planet is legislated out of existence, the sad fact is “The People” are proving to be the only ones diametrically opposed and incompetent.