The Part of the "Fix" They Don't Want to Discuss

[DemocracyInaction]

What's wrong with this picture: Corporations (and their wealthy owners) shipped American jobs overseas and/or brought in foreign workers (both blue and white collar) to drive down costs. YET, because this economy is 2/3 consumer driven, they scream that we need to get out there and shop until we drop to make this economy work! (With what??). So, point blank, this economy is never coming back if it returns to the same "wage" policies. If business doesn't get back to union-type wages for employees, the economy will in time slip back into stagnation and eventually go into recession and at some point "depression" most certainly will come to this country if these greedy policies are not changed. The turnips are dead--you beat all the blood out of them you can beat.

[knixphan]

1. It's all about the living wage-

:fistbump:

[AndyA]

2. Another example.

Credit card issuers are experiencing record defaults. Due, again, to the lousy economy brought on in part by those same credit card issuers shipping American jobs overseas.

So what do the credit card companies do to help the situation? Raise interest rates on existing balances! Yep! That $1,000 trinket you bought at 7.9% will cost 24.9% interest, now.

So here's a question for Congress and the corporate powers that be:

What's in it for the American consumer? There is NO INCENTIVE to go out and shop or do anything else that might stimulate the economy. GIVE US A REASON TO DO IT THAT BENEFITS US.

[1corona4u]

15. Exactly, and god forbid they try/start to regulate the banks...

WTF? How does that work? We bail them out, but still have ZERO protection from their BULLSHIT policies....that pisses me off.

[polichick]

3. The only thing I feel like spending money on is green energy...

Maybe doing some home improvement.

[Wapsie B]

4. Ummmmm yeah, shop til ya drop.

Funny thing is when you depress wages for the middle class who's got money to spend? Supply-siders love to keep alive the myth of rewarding only those at the top will benefit everyone. The example of revenues increasing during Reagan's time in office was due to increasing taxes, such as eliminating the Personal Interest Deduction.

[biopowertoday]

17. President Obama said go buy stocks.

[90-percent]

5. 30 years

30 years of laying off your customers can eventually turn around and bite you in the ass.

Hey, corporations, you greedy fucks killed the golden goose responsible for your obscene multi million dollar bonuses: THE MIDDLE CLASS!

You all sucked up all the money out of the system and now there ain't gonna be any more for you, either.

-90% Jimmy

[LSparkle]

6. This is why the Employee Free Choice Act fight is going to be HUGE

We need to get some wage FAIRNESS going in this country, and as
the head of the Steelworkers said yesterday on 1600 (with Ed subbing
for Shuster), workers can't just wait for their bosses to DECIDE
TO GIVE THEM INCREASES ... Only unions can FORCE the fuckers at
the top to share some of the productivity that we workers have
helped create.

We need to be able to buy with WAGES, not on CREDIT. One of the
biggest reasons our economy SOOOOO depends on credit (and currently
is in the dumps because banks aren't lending) is that people use
credit to buy EVERYTHING these days. We need to raise wages, not
perpetuate running the economy ON DEBT.

[truedelphi]

7. Why do you hate Obama! Why do you hate America?

Why cannot you see that the middle and lower classes need to take their medicine and hand over every single dime they may still own to the banks and financial corporations.

It is for our own good!!

[DemocracyInaction]

8. Want to hear a CNBC goodie

Today (or yesterday) a guest on CNBC said that the American people were adjusting to the economy and finally living within their means. Anchor said, "we can't have that..if they live within their means we can't have a vibrant economy". I said to myself "shove it asshole"---you bastards have the choice of improving wages or watching us sit on our big, fat credit cards. Without us, you and the rest of your kind in the world, have squat.

[truedelphi]

10. Those guys were in tears late one night (maybe three weeks ago)

Some economist had come out and flat out said that the days of non labor making huge sums were over.

In other words, having a career offering the oversight of mergers and/or betting on merger outcomes would no longer generate hundred of millions a year in profit.

Of course, now that Congress and the Executive Branch feel that we can keep giving hundred of BILLIONs of Dollars to this same crowd with no accountability - it means that people will be able to do almost just that. But it won't be mergers any more, it will be overseeing the siphoning of Taxpayer monies to various entities re-arranging the deck chairs of the sinking Ship of State. SOme folks will indeed have gold plated life boats. While those paying for sinking the ship of state won't even have a log to hold onto.

[Odin2005]

16. They said WHAT!?!

If my thrift makes me an enemy of Consumerist Corporate Capitalism so be it. They can fuck off.

[dmr]

9. I think there's one more thing - Corporate Raiders didn't do our economy any good

Small, mid-size or large companies became prey of the corporate raiders. How many workers lost their jobs from this?

ala 'Wall Street' with Michael Douglas.

[avaistheone1]

11. People can't purchase and stimulate the economy when they

have lost their jobs, or their jobs are threatened.

Corporations have offshored our jobs under the banner of globalism. And globalism is another word for corporate greed.

[stillcool]

12. I can't wait to see how it all pans out...

Looks to me like the multi-nationals are bailing out of the U.S. for greener pastures. It's not like they're not based in every continent on the globe. I guess wherever the next consumer market springs from is where their base of operations will be.

[GeorgeGist]

13. Greed ...

has always been the force behind the American Dream; propaganda notwithstanding.

[moondust]

14. Of, by, and for...the wealthy.

Fat cats who don't need a job can sit around and buy cheap stuff made in offshore sweatshops for a long, long time to come without feeling any pain. The rules are made by them (or their paid agents) and for them. They don't have to care about recessions or depressions. They can casually sit and watch the U.S. develop into a Third World country if they so desire.

Something eerily similar was happening in Russia about a century ago.