After the Obama jobs speech, it’s time for a little reality. Obama can no more create jobs than he can paddle up Niagara Falls with a toothpick. There just aren’t jobs, they’re gone baby, gone. Another Patrick J. Buchanan essay. It’s a very succinct article on why we are no longer a productive, fully-employed nation. Corporate America sold out Americans and jobs in the name of profit. This made the rich more money than they could ever imagine, and has dumped the average American into low-paying service jobs (or unemployment). The gap between rich and poor has never been greater. People bought the con that we were becoming a “service economy;” how well has that worked out?
While there are many reasons why Corporations shipped jobs overseas (government over-regulation, taxes, unions, lawsuits), the main reason is profit and greed. Those holding the stock and therefore receiving the dividends, made more money and profit, workers and America be damned. The stampede for ever increasing profits fueled the gutting of our manufacturing base, and to some extent our technology base as many of our tech products are now produced in Asia. Can we restore our manufacturing and technology base or is it already too late?
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8 comments:
The author downplays government over-regulation, taxes, unions, lawsuits, like it didn't play that much of a reason.
some of the regulations FORCED companies to move.
A large corporation doesn't want to invest huge sums of money and technology outside of the us if it don't have to
I think President Obama should make inventing things easy and that would create jobs.I tried to invent 3 things but I dont have 10,000 dollars and a full time lawyer to do it!
While I don't agree with ridiculously high union wages any more than I agree with multi-millions for CEOs, I have to ask all the union haters why they think it is "non-union countries" that attract business to leave here?
More like it's the workers in those countries that they only have to pay $1.50 A DAY to!
How many of you would work for that?
9:54 You fail to mention that those people feel lucky to have those jobs in other countries. Their cost of living is not the same as ours.
@ 9:54
Not all non-union people get paid $1.50 a day. Look at the Japanese and German car companies that build in the US (you know...the ones kicking domestic car companies collective asses). They all operate in non-union states and pay less. That being said, half as much works out to around 30 bucks an hour. Not bad for a job where you don't need a college education for north of 60k a year. Its too bad though that they don't get paid when they are doing nothing like the Union Workers hanging out in the permanent break room. What a travesty...
Regulations, my arse. CEO's get multimillion dollar bonues for reducing costs and stockholders get bigger dividends. One of the tried and true ways to swell the bottom line is cut labor costs. Then close plants. The holders of the preferred stock get big payoffs. the CEO's get millions and are proclaimed "heroes" and "business geniuses". And the American worker gets to work at Wal-Mart, part time, with no benefits.
At the current rate we will soon become a 3rd world country.Houses will be cheaper and mortgages will be at around 3%.The unemployment rate will be about 20%.Aforementioned will thus impoverish America to the point where foreign jobs will be outsourced to us.This form of monetary manipulation is to put us on an even keel.
We're doomed!
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