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Its equally hard to understand an electorate that fails to understand the ever lower labor participation, vast expansion of programs such as Food Stamps, Unemployment, Medicaid, Government Pensions, and other entitlements will place ever more pressure on the fewer folks working and the businesses whose doors are open. Why is this so hard to comprehend is really beyond me until I look at the quality of education are kids have versus most developed countries. Then it becomes all clear. This country, on a whole is really, really devoid of critical thinking skills.This country is completely populated by folks with the thought that more government, less work, uncompetitive schools and more debt is the solution to our problems.
Wow are we in for a bad shock. It takes more than Hope & Change. It takes education, hard work, personal responsibility and making good life choices.
Hoisting photographs of three brands up high in the article doesn't single them out as victims? What's on the ropes is globalization and heavy importing of cheap goods... deep discounting just to kill off a competitor or entire Main Streets of mom & pop enterprises, nightly sweeps of a day's revenues and wages below sustainability in the storefronts while administrators take windfalls. Literally the business, finance and administrative degrees are on the ropes because they are producing dopes, not ethical sensible capable professionals.
These aren't bad businesses, they are poorly managed and administrated by bad people.
50 yrs ago, people shopped in their hometown,Then the interstate was built and shopping malls were created. People abandoned local retailers and drove to the mall. 40-50 yrs later, local retail, is dead. Now this new gen of shoppers are going online to buy. A couple of gens in the future, who knows how people will be shopping
Retailers should force their suppliers to manufacture here in the U.S. which will create more customers for them. Let's face it each job outsourced to Communist China and the Third World is one less customer for U.S. retailers.
Corporate America and the U.S. Chamber of Commerce are so greedy that they either forgot or probably just don't care that business not only provide goods and services they also create their own customers whether they like it or not. The more labor cost they cut the more customers they lose and industrial robots don't shop.
If one looks at history, one can easily correlate the times which created healthy economies with the times during which good pay rates and higher taxes combined to create a strong middle class. If businesses want customers, those customers have to have disposable income. That is not likely to occur when wages are stagnant or falling. People who once had good jobs are struggling in jobs that no longer pay a living wage. People who are struggling to put food on the table are not likely to buy big screen TVs.
During the Eisenhower administration taxes were at an all time high, yet the economy grew by leaps and bounds. Under Eisenhower we spent billions on infrastructure projects, thus creating good jobs and providing citizens with amenities like good roads, safe bridges, dams and levees. We had money for children's recreation programs. We had good education. And we had a middle class with disposable income.
Keeping your employees in poverty will insure that they cannot afford the products you manufacture. Giving tax credits to companies who ship jobs overseas will guarantee a lack of good jobs for Americans. Recruiting foreigners from China and India to fill jobs openings in America will guarantee that Americans do not get those jobs. The GOP wants to eliminate ALL restrictions on foreign work visas. How do you think that will impact the job picture in the United States? It will certainly improve profits for the corporations, but it won't do a damn thing to improve the lives of Americans.
It is amazing to hear Obama talk about creating jobs and at the same time he is fast tracking more free trade agreements. The I-D-1--Ts n Washington, DC are turning this country in to a Third World; huge income/wealth gap and high unemployment.
Obama promised review of NAFTA in is 2008 presidential campaign but once in office he was negatively influenced by Larry Summers and renege on is promise. Our economic dire straits were brought about by PNTR Communist China ratified by the U.S. Congress in 2000. To anyone not familiar with PNTR CC read up on it and you'll find all the asinine reasons for its ratification.
PNTR CC is treason plain and simple and everyone involved in its ratification should be jailed for life.
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[BRIEFING.COM] The major averages continue trading near their flat lines with the S&P 500 up a fraction of a point. Earlier, we speculated that today's session could produce a volume total to rival Monday's lowest total of the year (482 million) and that remains likely considering only 129 million shares have changed hands so far at the NYSE floor.
Although equities have not moved much, there has been some activity in the foreign exchange market. Specifically, the euro/dollar pair ... More
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