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The corporations have outsourced the money making apparatus (jobs), which feed the gov. Why do you think that cities and states are bankrupt? They had plenty to spread around when the tax dollars were rolling in. The corporations have bankrupted the nation, except for the wealthy execs of course.
And local/state governments played to get those corporations to their states with 0 taxes, big rebates and even cash back in some cases.
They did it to themselves which each state offering more and more incentives to corporations to come build.
Now you have this multinational in your city that pays 0 taxes, gets back each year and schools, roads, etc are over crowded due to the increase in employment brought in by them and the governments cry "we have no money". They did it to themselves.
The corporations have outsourced the money making apparatus (jobs), which feed the gov. Why do you think that cities and states are bankrupt?
At the same time, state and local taxes keep rising. Those who are enamored of the "Bush tax cuts" oftentimes seem to ignore the tax increases Bush policy forced down on lower levels of government through unfunded mandates.
And all the time, Bush borrowed hundreds of billions from China to make up for the shortfall in revenue resulting from those federal tax cuts. Now, the Chinese are collecting on those debts. Too many seem to think the current debt is due to "Government spending" when in fact it's due to Bush's "government borrowing" during his eight years.
The whole claim of economic growth during the Bush years is a scam and a smokescreen. The fact that it didn't totally collapse until just a few months prior to the end of his term doesn't alter the fact that he is responsible for the worst economy in 80 years.
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They had plenty to spread around when the tax dollars were rolling in. The corporations have bankrupted the nation, except for the wealthy execs of course.
I'd go so far as to say that the single biggest problem with America's economy and government today is the outrageous growth of corporate influence.
The gov should impose higher taxes on each outsourced job in order to equalize the labor cost to the American worker. They should also cap exec pay to a multiple of the average corporate worker salary. These 2 things would stop the oursourcing of our future. It is continuing and will not stop unless these steps are taken.
well, there are winners and losers. that's what capitalism is all about. isn't that the american way? isn't that how americans are raised?
everyone else is a dirty communist or socialist until it hits home.
Old Gringo..Bernake escalated that borrowing with QE1 and is now about to do QE2.
The Fed is the central banker and make monetary decisions..not the President of the US.
Old Gringo..Bernake escalated that borrowing with QE1 and is now about to do QE2.
The Fed is the central banker and make monetary decisions..not the President of the US.
I'd say the Bush tax cuts drove that wheel. And the Fed didn't make that decision.
The gov should impose higher taxes on each outsourced job in order to equalize the labor cost to the American worker. They should also cap exec pay to a multiple of the average corporate worker salary. These 2 things would stop the oursourcing of our future. It is continuing and will not stop unless these steps are taken.
You can thank your progressive buddies for NAFTA and WTO.
The gov should impose higher taxes on each outsourced job in order to equalize the labor cost to the American worker. They should also cap exec pay to a multiple of the average corporate worker salary. These 2 things would stop the oursourcing of our future. It is continuing and will not stop unless these steps are taken.
You don't quite understand how this works.
The US employee gets fired.
The subsidiary company in country X hires an employee to work there under that country's labor law and that country's salary and pays that country's taxes. The US government has NO control over that.
What our government does and has done is to grant an increasing number of H1B visas so that coporations can import foreign workers.
Kill the H1B is the best you can do.
So in your world everyone wins and there are no losers? How does that work? Did you get a trophy when your team lost in high school?
ha, i never said that or thought that.
instead of a ruse with your high school team example, why don't you state your position?
the corporations gained, do you have a problem with it?
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You can thank your progressive buddies for NAFTA and WTO.
or does this hint at your position. lol
do you have a problem with free trade? or do you need bubble wrap and protection? competition? how about the game in your favor?
i'm just amused right now at the hypocrisy.
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