IggyPride00 wrote:
This is actually quite terrible news and just shows how bad the unemployment and underemployment is in this country.
You can say that again.
In the past decade we have done multiple rounds of tax cuts, massive stimulus spending, cut interest rates to almost zero.....and we still have a net loss in jobs since the turn of the century.
That should scare the bejesus out of everyone.
Which circles back to the real culprit in all of this. Globalization and the resultant raping of the collective American worker....both blue and white collar.
Substitute fair trade for free trade...and voila...Americans would have more jobs than what the economy could handle.
Tax percentages collected on the individual would remain low, federal coiffers would shoot way up, the national debt would recede, and unemployment compensation, welfare and other expensive safety net programs and their taxpayer costs would fall through the floor.
But American corporate interests are not about helping the American economy. The American corporate interests are more concerned about increasing the bottom line....in a traitorous fashion I might add. They do this by shipping manufacturing plants overseas to circumvent mimimun wage laws (pay sweat shop grunts a buck an hour), environmental laws, and safety laws.
The fact is...globalization encompasses 90% of the ills in this country.
1. Real unemployment at 16%
2. Expansion of the government by leaps and bounds to keep the unemployment numbers from hitting Depression levels.
3. Huge and unsustainable increases in annual deficits.
4. And the continual depreciation of inflation adjusted wages...adding to the lowered tax base receipts.
5. The record setting annual bankruptcies that are paid for by the people who have not declared bankruptcy in higher credit interest rates (costs passed on by the banks).
Each and every issue listed above is a direct cause/effect of globalization with the resultant endgame being America morphing into shitholedom in the near future.
