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The corporate model is to give the stock owners and share holders the most return on their 'investments'.
Corporate bean counters and the conglomerates they work for do this by off-shoring jobs and exploiting other countries. They also resort to using products of an inferior quality that assure continuing profits in repairing the substandard product; One example being the transition to HE washing machines which may have gotten better but still do not last nearly as long as many of the older style ones. What is the point of an HE appliance if it does not do its job and needs to be replaced or repaired five times as often?
Now if a corporation does make a product that is poorly constructed, their reputation will eventually suffer. But how these corporations go about making their products is not in the interest of quality and integrity, but profits and stock prices. See the conundrum here?
The globalist corporate model is now that of creating questionably constructed products with lots of bells and whistles while sacrificing quality and economic integrity. Yet still most people still buy into all of the marketing gimmicks left and right.
Remember how unions were made during the early 20th century because of the sweatshop conditions that immigrants worked in? These same type of condition probably exist in many of the foreign countries that are exploited by corporations for the maximization of profits and yet still many many people still have no problem with buying into it.
Can someone explain how the stock market is in any way a good barometer of a healthy economy in the U.S.?
How is money put into what amounts to investing in bean-counting and exploitation a sound way to build an economy based on integrity and quality?
Retirement funds (401K, IRAs..etc.) need a robust market to perform. I'm not going off into weeds as you did with all the offshoring nonsense because that is more a result of high tax rates combined with regulations and wages.
We have a strong market which is a barometer of public confidence in the economy. Now we have a flood of money coming back to the US, rising wages, and manufacturing jobs. This, in turn, is causing inflation to come back, which is actually a good thing if kept at a healthy level. This will actually benefit savers and retirement pools for the first time in 10 years. It also translates into more investment into Treasury Bills and the bond market which will further boost the economy.
Retirement funds (401K, IRAs..etc.) need a robust market to perform. I'm not going off into weeds as you did with all the offshoring nonsense because that is more a result of high tax rates combined with regulations and wages.
We have a strong market which is a barometer of public confidence in the economy. Now we have a flood of money coming back to the US, rising wages, and manufacturing jobs. This, in turn, is causing inflation to come back, which is actually a good thing if kept at a healthy level. This will actually benefit savers and retirement pools for the first time in 10 years. It also translates into more investment into Treasury Bills and the bond market which will further boost the economy.
Smoke, mirrors and specualtion ^^^^
Democrats are by and large the globalist party. Many republicans do capitalize on it but they certainly do not embrace and patronize the globalist economic model as do the democrats. Historical fact proves this They love their offshore sweatshop made products and the corporations that produce and sell them, such as Apple and Amazon.
They are slaves to global corporatis and all of the exploitation that goes along with it. The democrats vicious circle of dysfunction is what makes the already wealthy more wealthy and they incessantly complain about it but do not do anything substantial to fix the problem.
This is evidenced by the outcry of the democrats when tax rates were lowered to get corporations to keep the revenue inside the U.S., instead of offshore banks. Republicans are not constantly touting how globalism is good, most real republicans are in fact rejecting the globalist model, unlike the democrats.
GDP growth, Wage growth, Productivity, Disposable income, Savings rate - Combined with moderate inflation are better signs of a strong economy. You can have a growing stock market with terrible economic conditions, take 2010-2011 for example we had the market rising for all the wrong reasons. 0% bond yield, massive money printing/dumping(QE), 3 trillion in deficit spending.
My morning paper informed me that a start up toxic waste disposal company dumped hundreds of gallons of benzene and other chemicals into a storm drain that they hid with trucks. The dumping was close to houses and schools. No need to exaggerate.
Last week it was weakened or deleted rules for the EPA.
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