Yes it is depressing. The result of 20 years of globalization has destroyed American manufacturing. Insane trade treaties and tax laws have encourage American corporations to ship jobs overseas which they have certainly done. 50% of the profits of the S&P 500 companies now comes from abroad.As long as US corporation can pay .57/hr for Chinese labor, $3 for Mexican labor, 2.50/hr for South Korean labor versus $19/hr for US labor, jobs are going to flow overseas. Cutting taxes for the wealthy will only increase the deficit. Reducing regulations will amount to only small reduction in overhead. Reducing corporate taxes will help, however the real problem is the productivity of the American worker is not high enough to justify the pay differential.Damn right it doesn't my friend....JOBS JOBS JOBS...for the (forgotten) PRIVATE sector is the way to go...free up business and the American people to create jobs damn it..
An inspiring and depressing post, I must say...sheesh..
The mood of the country sucks and I'm thinking it will for some, worse if fact with this election coming on..
If a leader showed up that could get the country moving on the right track again, the true American resilience could still show up, I'm thinkin..
Economists and the public laughed at Ross Perot in 1992 when he said about NAFTA “The first thing you will hear is a giant sucking sound and that will be all our jobs going out of the country.” No one is laughing any more.