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"Our nation's continuing massive trade deficits are destroying important sectors of American industry and eliminating desperately needed jobs; yet balancing trade is not even on our government's agenda. This is happening because we are not facing reality, the reality that we are not living in a free trade world but that we are dealing with countries that practice mercantilism. If we continue to turn a blind eye to this reality, we will become a poor nation.
Wall Street is lined up with the global corporations because it too finds the present situation profitable.
It is easy to underestimate and hard to overestimate the influence of this combination on both Congress and the Administration. That influence has resulted in rescue packages for the major financial institutions that have enabled them to resume their high-flying pay packages while doing little lending, and as the auto companies revive, we have seen them intensifying their transfer of production and technology out of the country.
The future of our country is endangered by massive trade deficits that are destroying industries and destroying jobs. Yet balancing trade is not on our government's agenda. We must make clear to our government that it can no longer ignore the destruction of our jobs and our productivity that is caused by unbalanced trade. We must make balancing trade a national goal, and then act effectively to bring it about."
As I have often stated, Old Man Gip & even Dubya Sr. was not as much a demagogue and a nutcase as the current freak show that does its best to distort and promote revisionist history.
"So it is extraordinary to see just how fast some multinational companies, Wall Street-oriented politicians in both parties, and a few head-in-the-sand free market economists can jump into bed with Beijing's communist government and defend its exchange rate manipulation. Remember, China rules through an authoritarian government and practices the antithesis of free market economics. The Chinese engage in a particularly toxic brand of protectionism and mercantilism, one that not only has cost the U.S. millions of good manufacturing jobs, but one that also hurts the competitiveness of other developing industrial economies.
Amazingly, some of these staunch free marketers and conservatives accuse us of "China bashing," as if it were somehow our fault that China manipulates its currency. That's like blaming the victim of a crime for being in the wrong place at the wrong time. Put the blame where it belongs: with China, for its action, and with Congress and the administration, for their inaction.
Anyone who has studied the godfather of free trade, Adam Smith, or President Ronald Reagan's policies knows that if either of these men were alive today, they would be supporting our efforts to stop China's currency manipulation, through countervailing measures if necessary."
So who is non-corporate america other than those who have no interest accounts;no pension,no IRA'401K or any other such accounts. Bascailly its people with no investment in america and pay no taxes really.
So who is non-corporate america other than those who have no interest accounts;no pension,no IRA'401K or any other such accounts. Bascailly its people with no investment in america and pay no taxes really.
Non-corporate America are the employees who pay taxes, the folks with one vote.
Corporations have another "vote" now with Citizens vs FEC.
I can only hope the collapse holds off until I die of old age and sheer meanness.
Our ruling class left Washington decades ago and moved to Wall Street, the City of London, Abu Dhabi and the rest of the world's money centers. We, as a middle class and as a country, have been robbed while we were being distracted by the fight between the left and the right. The fight has always been between big monopolistic money and everyone else.
I can only hope the collapse holds off until I die of old age and sheer meanness.
Our ruling class left Washington decades ago and moved to Wall Street, the City of London, Abu Dhabi and the rest of the world's money centers. We, as a middle class and as a country, have been robbed while we were being distracted by the fight between the left and the right. The fight has always been between big monopolistic money and everyone else.
The Robber Barons vs Serfs (98% of us). The struggle never really ended with the adoption of the Constitution of the United States of America.
"There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty."John Adams, 1772
So who is non-corporate america other than those who have no interest accounts;no pension,no IRA'401K or any other such accounts. Bascailly its people with no investment in america and pay no taxes really.
Interesting definition. I did see a story a while back about the high number of Americans that either have no bank account or less than a couple of grand or so.
But here's my definition since you asked: I see corporate America as being represented by the highly paid executives, their board members and their lawyers along with the politicians and other high level government officials they have on their payroll.
I consider non-corporate America basically everyone else, those of us making under 65K a year in particular.
Okay now that's done I've got a question for you.
What do you think is the relationship between our trade deals, especially as how they affect our domestic economic situation?
Free trade lets us get more for everything we produce, and pay less for everything we use. The whole world, and our country, are better off as a result.
Imagine if Illinois effectively banned trade with other states. The price of everything from shoes to soap to cars to food would be much higher, with quality and selection severely impaired. Other states would retaliate and refuse to buy what Illinois produces. Business would be lousy, wages would be far lower, and the people would be poorer.
Exactly the same effects would happen on a diluted scale if the US turned its back on the rest of the world. Farmers would get less for their crop with no foreign market--and everything from tractors to tools to fertilizer would cost more. Every other participant in the private economy would face the same cruel economics--lower revenues, higher costs. The country would be impoverished.
There are winners and losers with free trade. The lack of trade would produce only losers.
Free trade lets us get more for everything we produce, and pay less for everything we use. The whole world, and our country, are better off as a result.
Imagine if Illinois effectively banned trade with other states. The price of everything from shoes to soap to cars to food would be much higher, with quality and selection severely impaired. Other states would retaliate and refuse to buy what Illinois produces. Business would be lousy, wages would be far lower, and the people would be poorer.
Exactly the same effects would happen on a diluted scale if the US turned its back on the rest of the world. Farmers would get less for their crop with no foreign market--and everything from tractors to tools to fertilizer would cost more. Every other participant in the private economy would face the same cruel economics--lower revenues, higher costs. The country would be impoverished.
There are winners and losers with free trade. The lack of trade would produce only losers.
If we keep losing our manufacturing, service and high tech sectors to offshore locations, eventually we won't be able to pay AT ALL for the goods that China and others produce anyway.
If we can all start agreeing on the real issues, and get away from the political partisanship that is destroying us, maybe there is hope for our country's future. Wouldn't it be nice to leave our children and grandchildren a real country?
We all need to look deep into both political parties and start kicking out the sellouts, the crony capitalists, and the greed-heads who only want to get theirs, as they leave the rest of us citizens to fight among ourselves for the scraps.
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