Thread: Why There Can Be No Economic Recovery Under Democrats or Rep

At the same time, the elite rulers of our country and our capital have deliberately opened our Southern border and allowed the unchecked influx of millions of illegal alien workers, which (a) suppresses the already low wages of the vast American unskilled and semi-skilled labor class and (b) helped repopulate dead inner cities, which bailed out a legion of sum-landlords throughout the United States and (c) watered down — or further devalued — the already devalued vote of the average non-elite or non-partisan American.

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America will never recover until we begin manufacturing on a serious basis as we did prior to 1990 the power to be in DC have to much money invested in China and other third world countries to allow the middle class quality jobs. I believe in Capitalism however our current system of greed simply allows the rich to gain more wealth and the middle class move down to working poor.

The ruling class appear to be betting on making huge sums before t all comes tumbling down.

WSe havn't operated under a free market for years. That is why some people say capitalism doesn't work. We don't have a free market anymore. There is tooooooo much reguation.

Originally Posted by oldguy

America will never recover until we begin manufacturing on a serious basis as we did prior to 1990 the power to be in DC have to much money invested in China and other third world countries to allow the middle class quality jobs. I believe in Capitalism however our current system of greed simply allows the rich to gain more wealth and the middle class move down to working poor.

The ruling class appear to be betting on making huge sums before t all comes tumbling down.

Spot on! Our manufacturing base was decimated and all the associated skills and trades that go along with it are being lost. Without manufacturing, we are just a service sector economy with guaranteed low employment and low wage.

Originally Posted by agrneydgrl

WSe havn't operated under a free market for years. That is why some people say capitalism doesn't work. We don't have a free market anymore. There is tooooooo much reguation.

I agree far too much regulation however I also believe that capitalism fails without people who have morals, values, standards, and in that area we've been in decline past 40 years, not sure how we teach that in modern America, the question for me is what will convince people that greed can kill the golden goose.

While love of country seems foreign or perhaps even silly unless we return to those values and "protect" America then all is lost.

Our leaders constantly preach how to restore America but do they really care or prefer to grow there portfolio's with Chinese products.

Economics's 101 appears out the window in our current times.

Article from Conrad1 's link

Why There Can Be No Economic Recovery Under Democrats or Republicans


4 Reasons Why It Can’t Be Done

1. The majority of U.S. workers are unskilled, semi-skilled and do not have a college degree.

According to the U.S. Census Bureau and the American Community Survey, 52.7 percent of Americans have some college education, but only 27.2 percent have actually obtained a degree. Therefore, there can be no real economic recovery unless an abundance of manufacturing and other semi-skilled and unskilled labor jobs are created and brought back to the United States. (In addition, large numbers of white-collar workers with advanced degrees are also being displaced by cheaper outsourced or imported intellectual labor from such countries as India and Pakistan. We will cover this in another report.)

The Problem:

2. Manufacturing jobs, or lower-skilled labor jobs, have been shipped mainly to China and other countries that promote slave labor. In fact, large manufacturers are encouraged to move their factories by some major retailers, who want to pay less for products, so they can increase profits. Ironically, this low-cost Chinese and other slave-labor is being subsidized by American tax-payers and workers in two ways:

A. Many huge retailers and defense contractors receive local, state and federal tax incentives to open their stores and business offices throughout the United States. B. China artificially suppresses the real value, or market-value of its currency — thus artificially lowering the prices of its labor and therefore its goods and services, which is being paid for by the unemployment of millions of American workers.

China is not the only country that does this. For decades the political and business leadership of the United States encouraged and allowed Japan to dump steel and it consumer products into the United States below their cost, subsidized by the Japanese government and American taxpayers, which drove American steel, car makers and electronics companies out of business — also displacing millions of workers and destroying the equity and promises of their existing and negotiated pension plans.

Why was this and why is this encouraged and continued to be allowed?

Simple answer: Follow the money and you will find that our elite moneyed and ruling class, or oligarchy, benefited and continue to profit mightily by the destruction of the American manufacturing base and high U.S. unemployment. So, it is no surprise that the U.S. gap between its rich and poor is increasing at a record pace, according to a report by the Organization for Economic Co-operation and Development. In fact, the top .01 percent makes an average of $27 million per household, compared with the average income of the bottom 90 percent who live on an average of $31,244. To whether the rich in the United States is paying its fair share, you only have to look at the latest numbers to find that the income tax for Americans making over a million dollars has decreased over the past 55 years thanks to both major political parties. This should come as no surprise considering that according to opensecrets.org 40 to 50 percent of Congress is comprised of these same multi-millionaires. Because of the lack of lobbying and campaign-finance laws, the other half of Congress depends on funding from the corporate class and Wall Street elite to assure they get elected and stay in power.

Obviously, the game is fixed against the unclean — in their eyes — majority!

3. At the same time, the elite rulers of our country and our capital have deliberately opened our Southern border and allowed the unchecked influx of millions of illegal alien workers, which (a) suppresses the already low wages of the vast American unskilled and semi-skilled labor class and (b) helped repopulate dead inner cities, which bailed out a legion of sum-landlords throughout the United States and (c) watered down — or further devalued — the already devalued vote of the average non-elite or non-partisan American. As usual, the taxpayer is subsidizing the very labor that takes away their jobs with property and other tax hikes — plus increased health and auto insurance premiums to offset the cost of the illegal labor force, who in most cases do not pay into the system, nor own health insurance.

The large employers of this counter-band labor skirt the federal law by often obtaining illegal workers through third-party employment agencies that just fold up at a moment’s notice and disappear overnight, when they occasionally come under government scrutiny. In Maryland, this rarely occurs because our political and business elite have declared the state a sanctuary or haven for illegal workers.

To show you how these policies are effecting real people, McDonald’s just recently hired 62,000 new workers, out of 1 million applicants. Put another way: our leaders have allowed our economy to become so dismal that only one in six unemployed workers can even get a job flipping hamburgers at minimum wage, and if other parts of the country are like my state of Maryland, many of these workers who were hired don’t speak English and are most likely illegal aliens.

4. For the last decade our elite managed to keep all these disparate balls in the air by creating sufficient unskilled or semi-skilled jobs to keep the lid from blowing off the status quo by fostering a housing-and-false-credit bubble that fueled an illusion of prosperity. It was built on a house of cards and could not stand, but those who propped it up prospered by being bailed out — i.e., the moneyed (bankers) and political elite (FANNIE MAE executives), while the hordes of working-class citizens lost their temporary jobs, their credit and of course the inflated equity in their homes, which accounted for the bulk of their phantom wealth -- trillions of ghost equity all gone now!

This is only a thumbnail sketch of why a recovery under any of the current political parties just can’t happen.

This report is not all gloom and doom. There are bold steps that would indeed return our economy to prosperity. Here are just 4 of them:

If we had a leader from a party who:

1. Demanded that China raise its currency value to market rates and simply enforced the tenants of existing so-called free-trade agreements.

2. A leader from a party who no longer forced U.S. taxpayers to subsidize companies with tax breaks that promote further destruction of our now nearly non-existent manufacturing base.

3. A party and leader who would immediately stop all businesses from hiring illegal aliens by SIMPLY upholding existing federal laws and instead have these companies offer the jobs to unemployed U.S. citizens.

4. A party and leader that would insist that the United States prosecute, bring to justice and seize the ill-gotten financial gains of the major players in the moneyed class who have destroyed our economy through manipulation and the illegal churning of stocks, bonds, credit and the housing market.[/quote]


http://lastreporter.com/2011/06/19/4-re ... publicans/

quote(Simple answer: Follow the money and you will find that our elite moneyed and ruling class, or oligarchy, benefited and continue to profit mightily by the destruction of the American manufacturing base and high U.S. unemployment.)quote


well said!!!!

Greed has killed our country.The big money contols the country.Jobs going overseas for cheap labor and still charging the AMERICAN people the same prices so the rich make more profit,low wages here and illegals taking jobs that most AMERICANS depend on has put us in the tank.Plus you have alot of people here in us that just live off the system of free hand outs even tho they are able to work saying their intitled to it.With they way most people live and act in U.S. today its like its all about them what they can get or what dont happen to them is all it matters,not careing what happens to their fellow AMERICANS not their concerns acting like France if it dont effect me to hell with everybody else attitude.But the richest of the richest still get their wealth while the middle class workers always pay the brunt of the bills for every lazy person not willing to work illegals robbing the system and the rich getting theirs off their backs too.When congress finnally gets it that the jobs in other countries come back to AMERICANS will get us back on track it will be to late.