Originally posted by ape
The only way for companies to compete is to go overseas where the tax laws are more lax this is called 'outsourcing' our industry and innovation,
every company has a right to compete.
Back in the pre-Reagan days, American companies made profits that
were distributed among Americans.
They used their profits to build more factories, or build into other businesses. The profits stayed in America.
Today, foreigners awash with our consumer dollars are on a two-decades-long buying spree.
Corporate American belongs to a group of elite that has been very successful to stomp on competition with the blessing of having our elected
government to back them up.
Every small business sooner of later get absolved into the mega billion dollar empire that is corporate America.
Middle class American is a dying breed due to outsourcing for lower slave sweat shop workers in third work countries.
While foreign companies are buying up our water systems, our power generating systems, our mines, and our few remaining factories.
All because "flat world" so-called "free trade" policies have turned us from a nation of wealthy producers into a nation of indebted
consumers, leaving the world awash in dollars that are most easily used to buy off big chunks of America.
Foreign Acquisitions of U.S. Businesses
www.economyincrisis.org...
Foreign Acquisitions of U.S. Businesses
Foreign Financing of US Government Debt
Japan and China hold now the biggest chunk of our debt.
No wonder US can not have China agree with anything it wants them to agree with.
While small businesses that can not afford to move out have to rely on illegal immigrants for cheap labor.
We are living in a bubble of prosperity in our nation made possible by fixing and controlling the markets and interest rates.
As long as we can spend everything is ok and we can live the life, in dept occurs but neverless live the life to pay later.
Wake up and smell the stench of what is going on in our nation.
Who elect our lawmakers? Well after 2000 and 2004 that is something that is in question right now.
For whom our lawmakers work?
For the lobbyist in Washington that make possible to make our elected officials forget who they served with braveries and money.
Most foreign companies have powerful lobbyist in congress to make their voice been heard over the American people.
Our political system is corrupted and is dirty and we the people mean nothing to them.
The realities of our super power nation whent it comes to its economy stink.
Wake up and denied ignorance.
Forestlady you should check in the links I provided is a very interesting wake up reality of the state of affairs of our nation.
[edit on 31-12-2006 by marg6043]
