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Artificially propping up American wages because Americans can't compete with other, more efficient entities isn't the answer.
If government facilitates the global free market and manipulates it, all American citizens are entitled to the benefit.
Another example: Businesses on the Mexican border. Should they hire illegal aliens? Sure! Nationalize them first and have them pay taxes! I don’t mind what megacorporations did, but the little guy was thrown no bone to preserve the over-all American economy which these megacorporations are still anchored to. No economic plan domestic or global should be 1D.
Ok, so oil is $140 a barrel. Democrats plan is to sue OPEC while ignoring the constituents for 30 years. Perhaps the Dems should have more then 1D thinking and added to our OWN domestic supply while pandering to globalization. Any form of globalization is no different, if you suck money out of the American system, then the money supply must be replenished with effective policy. Now we see the that the U.S. taxpayer is going to foot the entire tab of socialism and globalization.
That is not socialism or fructose corn syrup, it is called planning for realities which this government is lousy at. Lousy at research to deal with realities on the ground and reactive to all extremes. Now many of the multinational firms are losing there free lunch, nations don’t need us as much anymore and nor can these companies find more domestic opportunity, because the American consumer is tapped out. How is that free lunch? I can tell your a capatalist. So am I. But the free market is either free or it is manipulated. Since we both know that it has never been entirely ‘free’ tax policy should be aimed at companies reaping the benefits of the American economy but not contributing to repleneshing the supply. That is Congress job and the House banking committe, not mine but tariffs and taxes would have helped then. Now 97% of our citizens will pay the tab.