The Very Foundation of American Prosperity (employment, wages, Mexicans, Obama)

[marcopolo]

Is the current political climate eroding the foundation of economic vitality and prosperity?

Profit built the country, fed and clothed our ancestors, and animates current investment by people building companies in every line that will hire others and bring needed goods and services to the rest of us.

In a free economy, every exchange has two winners: the buyer wants the merchandise more than he wants the money, the seller wants the money more than he wants the merchandise. Two winners, no losers.

Each worker is involved, too. The worker would rather have a day's pay than a day's worth of his time and the employer would rather have the day's labor than the money. Both are better off at the end of the day. The worker is free to end the arrangement and go to a more profitable one at any time.

Profit provides every single job in the country, including teachers and firefighters. Taxes on profits and taxes on wage income that exist because of profit are the source of government revenue.

Yet in the current political environment, powerful politicians speak of profit as if it were a vile and disgusting instead of the source of our prosperity. We need more employment, but pass laws that make it more expensive and difficult to hire people. We need more capital investment that will bring economic vitality and jobs and incomes, but we demonize capital investors and leach their investment away to benefit politically favored groups. We take money out of the real economy to waste in the name of stimulus, as if we can get out of a financial hole by wasting money we do not have.

Is the current political climate eroding the foundation of economic vitality and prosperity? What role does Obama play in this?

[AksarbeN]

American prosperity grew when slaves were brought to the country to aid in the farming of tobacco and cotton, plantation owners profited and grew larger. Things appeared to be good while there was slaves working the jobs that needed to be done.

Irish immigrated to the country during the potato famine and worked jobs that again no one wanted to do. They were looked down upon by other citizens of prejudices, however they too preformed jobs that helped the nation grow and prosper. Slave labor.

The railroads brought Asians from China and elsewhere to build the rails that crossed the country. Again,,, slave labor and having people do jobs for low wages that others didn’t want to perform.

The Mexicans and Hispanic from Central and South America came to work the farms in the southwest doing the jobs at slave labor wages that couldn’t or wouldn’t be done by others. Migrant workers again slaves of the nation.

The country started building a middle class society paying working wages (not slave labor) and the country moved forward and even more productive. Prosperity was there for most everyone who wanted a job to feed his family putting kids through school and college, having a way of live that was meaningful while working on a middle class wage. Those days are gone, the middle class has nearly disappeared because jobs were sent off shore. Low wages for those who had jobs no longer were providing for the needs of raising a family.

The wealthy got richer and profited by keeping low wages for those jobs that remained. Low paying jobs have destroyed the American dream and the middle class way of life, people are back to slave labor.

Greed and profit killed the very foundation of American prosperity and a better way of life. America has become a second rate country for it’s citizens, lacking in the needs of society.

IMHO