Posted on 02/09/2011 10:22:59 AM PST by FromLori
“I really hate to see our middle class shrink when I was growing up they were the envy of the world”
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The middle class is under attack from two sides... one being our Marxist President and the other the Benedict Arnold US manufacturers.
Obama hates the “upper” middle class and wants to destroy it by pushing it down to create one big lower middle class.
Zero hates the Upper Middle Class because he views it as the “man on the horse” that has kept his people in the “field”.
True,but I suspect he hates all white people.
“All companies whether headquartered in the US or elsewhere have a fiduciary responsibility to their share holders to maximize their return on investment. Many times this dictates that companies have to look overseas for less expensive labor and material to accomplish this business objective in order to remain competitive”
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While this is correct, it should also be said that American consumers accelerated the process themselves. When common
stock investing went mainstream crazy in the late 80s and 1990s the market began demanding not just annual performance, but QUARTERLY performance.
What’s the quickest way for a manufacturer to increase profit level and thus stock price??? You go to a cheap labor market!! So if you have money, in a 401K, that is invested in US manufacturers that off-shore.... YOU have contributed to this process.
If American consumers, who had incomes that were directly or indirectly related to manufacturing, understood this process they might have demanded that it stop twenty years ago. But they went right on shopping at that worlds largest retailer and slit their own throats.
Now the problems are really coming home to roost.
No problem. The solution to internationalist American companies is called “tariffs”. If they want to make a product here and export it, then fine. But if they want to make the same product to the profit of foreign nations, and import it here, not fine. They have to pay a tax which negates the value of their making it cheaply over there.
Oh, yes. And this means that the US leaves the onerous WTO, because it forbids tariffs. Their interest is the international business interest, not the American interest.
Think about it. If the WTO continues to have its way, while foreign workers will be elevated, American workers will be dragged down. And shall we benefit from this? No, not at all. Because with their improved standard of living, foreign workers will then be in stronger competition with us for *everything* we want.
Which means that not only do we have to work more and be paid less, but that our prices go up, too. All for the benefit of other people in other countries.
While it is uncharitable to want to keep other people down, there is nothing wrong in wanting them to elevate themselves, instead of us paying for their elevation, at the expense of our prosperity.
Internationalists might think this is neat and generous and wonderful.
But their interests are not America’s interests. If American companies want to make international profits, fine. But not at the expense of the American people.
There is nothing in the U.S. that can compete with overseas labor that works for a few cents a day and overseas governments which let corporations build unsafe plants which are a danger to everyone around them.
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