The World TRADE Center was the centerpiece of corporate/statist Americans seeking to get rich while opening the doors of the US to a flood of imports. Offshoring of finance as well as jobs, evading taxes while at war: the NYT has yet another editorial, supporting free trade and loudly screaming for the US to not even consider, any form of ‘Buy American’ or any protections of any sort.
The same paper that hires and promotes reporters who are scoundrels who lie on mortgage applications and are dead beats, is the same paper that wants the US to run forever, in the red, at every level. The owners of the NYT are going bankrupt. They lost 90% of their wealth. Flat Earth Friedman’s wife is bankrupt and has lost 100% of her own fortune, too. I hope the Mexican who has the entire NYT family by the throat, forces them out and then, maybe we can deport them for being Unamerican creeps.
In the absence of leadership from the president, the temptation to turn to protectionism is growing. Yes, how dare we protect America. Hundreds of municipalities and some state legislatures have signed on to a “Buy American” resolution pushed by the United Steelworkers union. And the House of Representatives stuck provisions requiring the use of American materials into bills about water quality improvement and new school facilities.
Meanwhile, representatives of Australia, Brazil, Canada, the European Union, Japan and Mexico have been consulting about how to respond to the United States’ protectionist drive. These are our allies who have grown accustomed to running continuous trade surpluses with the US for the last 40+ years. After Canadian companies were barred from bidding for American business, news reports say that some 12 Canadian cities passed ordinances against buying American. And the Federation of Canadian Municipalities is expected to discuss a possible coordinated response at its meeting this month….
An analysis this year by Jeffrey Schott and Gary Clyde Hufbauer of the Peterson Institute for International Economics in Washington estimated that “Buy American” provisions could “save” 9,000 American jobs — a tiny number compared with the 650,000 jobs supported by foreign government procurement of American exports.
This sort of faux facts is typical of the traitor who wrote this editorial. Not even a million Americans make a living, working for export industries. Out of 100 million workers! Yet, we are to sacrifice our nation’s future existence so this handful of workers can work? Eh? What are their jobs, anyway?
Want to bet, it is mostly in commodity sectors? And if we don’t sell all our raw materials, etc, to foreigners, we can use them, here! Novel idea, eh?
Indeed, whether it is from the point of view of diplomacy or of job creation, “Buy American” is a terrible idea. One that could make the global recession worse.
Only a paper as treasonous and clueless as the NYT could end a hysterical editorial with such words. So what, if the global recession is worse? If fixing it means slitting our own throat, NO THANK YOU. We have to find a system which works while not bankrupting the US! Duh. How simple is this concept?
— Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.
“Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth,” Bernanke said in testimony to lawmakers today. “Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance.”…
“In recent weeks, yields on longer-term Treasury securities and fixed-rate mortgages have risen,” Bernanke said. “These increases appear to reflect concerns about large federal deficits but also other causes, including greater optimism about the economic outlook, a reversal of flight-to-quality flows and technical factors related to the hedging of mortgage holdings.”
Looks like Hu called Bernanke and chewed him out. Of course, the NYT, Bernanke, Pelosi [whose husband gets money from the military industrial complex], Geithner and the others who trekked to China on the anniversary of the crushing of the Tiananmen Square students, all are telling us, we can’t spend money. Not one of these clowns suggest we cut the immense three quarter trillion dollar Pentagon budget by even a penny.
General Motors Corp. and Chrysler LLC were “just plain wrong” to take taxpayer funds and leave local dealers and their customers to fend for themselves, Senator Jay Rockefeller said as lawmakers faulted the automakers today.
Rockefeller, leading a hearing on dealership closings, said Chrysler is eliminating 40 percent of its retailers in his state of West Virginia, and GM is cutting more than 30 percent. “Chrysler gave its dealers less than one month’s notice prior to termination, which is truly unbelievable,” he said.
Welcome to the mean and lean US. We get no warning while these owners, for example, who are nearly all LOCAL and hire in the COMMUNITY, are being ruthlessly eliminated. They can’t even sell their autos in another month? WOW. Talk about insane. We bailed out the gnomes, pirates and hell hounds with no say in how AIG spent its money but we allow this to happen?
100,000+ jobs are vanishing this month! And on top of the quarter to half a million jobs being destroyed every month? WOW. This is 100,000 mortgages that will now go belly-up. And many families unable to have Xmas this year, they won’t be buying any Chinese toys! Once upon a time, the US used to make toys, by the way. We are effing INSANE. This destruction of one of our major industries is a crime. And the news media egged the public into slitting our own throats so we can be beholden to Asia for all our transports?
Antitrust suits against companies for restraining the movement of skilled employees are by no means unprecedented.
In 2001, for example, in a federal appeals court decision written by Judge Sonia Sotomayor, the Supreme Court nominee, the court upheld a complaint by a group of oil geologists and petroleum engineers who sued Exxon and other oil companies for colluding in hiring decisions and thus suppressed wages.
“If there is a naked agreement by companies in an industry not to hire each others’ employees or an agreement to fix wages, that would be an antitrust violation,” said Herbert Hovenkamp, an antitrust expert at the University of Iowa College of Law.
The computer industry is ground zero in the destruction of US industry, jobs and everything. They flooded the market with foreign labor and then offshored jobs like mad. Now, we find out, they were in collusion against the work force. Arrest them all. Now, on to Microsoft, an Evil Empire:
Microsoft Corp.Chief Executive Officer Steven Ballmersaid the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.
Someone should grab this traitor and yell at him, ‘Don’t you know, we are AT WAR!’ Instead, he gets all huffy and nasty and THREATENS US ALL with removal of jobs…jobs which he is offshoring, anyway!
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”
Sounds like a Mafia boss.
Obama on May 4 proposed outlawing or restricting about $190 billion in tax breaks for offshore companies over the next decade. Such business groups as the National Foreign Trade Council, the U.S. Chamber of Commerce and the Business Roundtable have denounced the proposed overhaul.
This is a big collection of traitors who think, we shouldn’t pay taxes for our wars. See how easy it is? When we are at war, we must confiscate all the wealth of people evading taxes. Especially, if they threaten to destroy us by removing jobs and then importing the goods or labor, thus, destroying our economy, on top of not paying taxes!
U.S. tax rules let companies defer paying corporate rates as high as 35 percent on most types of foreign profits as long as that money remains invested overseas. Obama says he wants to end such incentives to keep foreign profits tax-deferred so that companies would invest them in the U.S.
Microsoft reported an overall effective tax rate of 26 percent for 2008 in its last annual report. “Our effective tax rates are less than the statutory tax rate due to foreign earnings taxed at lower rates,” the report said.
See how they think? Many people think the government is the monster. No, it is not. It is controlled by Ballmer and all the other brats who are threatening us if we demand they pay taxes and fair wages. Arrest them all and nationalize their businesses until they figure out, this is a very bad thing to do and quite naughty.
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