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HughBeaumont's Journal
Posted by HughBeaumont in General Discussion (1/22-2007 thru 12/14/2010)
Sun Oct 12th 2008, 12:50 PM
These pro-free-trade idiots thought that everything would be hunky-dory if China made all of our shit and we sold it to the people who used to make all of our shit. That would lead to "higher paying jobs" for the displaced. But hey, the rich had more than a few useful idiots who bought into this bullcrapola by making them believe they'll be rich someday too. It will trickle down. Trust us. You just GOTTA trust us.

Well, guess whut.

That, much like everything faith-based about laissez-FAIL capitalism never materialized. The cash-and-carry bastards sold us up the river and really don't care about closing these stores, because after all . . . they got THEIRS.

This era is likely going on record to be one of the worst as far as job creation goes. It's soon going to be ten straight MONTHS of no jobs gained, which will in turn soon negate the 12 months out of 50 since Bewsh's second term (when the first net new job was created since 2001) where the economy actually met the job churn; that is, meeting the quota of 150,000 jobs per month to accommodate incoming/outgoing workers.

Maybe if the corporate idiots would have factored "WE" in this thing called "the Big Picture" instead of "ME" (meaning corporate execs and board members only), we wouldn't be in the mess we are today. You cannot replace manufacturing jobs with service jobs. You cannot do it. These jobs do not provide a decent living, decent benefits, sustainability, a tax base or purchasing power. Wages in real dollars have stagnated since 1973 thanks to this phenomenon.

Once upon a time we moved away from the Gilded Age and saw the benefit of employing workers here in decent jobs. Once upon a time, we saw the benefits of free enterprise. Once upon a time, we saw the benefit of opening up automotive plants across the nation instead of Big Box Marts.

It's a failure of colossal proportions.
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