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Saturday 8 September 2012

Both parties talk total nonsense about jobs. The Republicans say they can create jobs by not taxing the rich. The Democrats say they can create jobs by financing jobs programs. The Republicans say that the Democrats’ jobs programs simply take money from business investments and give it to those who patronize bars and the drug trade. The Democrats say that the low taxes of the Republicans just subsidize yachts, exotic cars, private aircraft, and $800,000 wrist watches for the one percent, most of which is produced abroad. Neither political party will admit that when US corporations offshore their production for US markets, Americans are removed from the incomes associated with the production of the goods and services that they consume. Offshoring is defended by both moronic political parties as “free trade.” In fact, offshoring is the gift of what was US GDP to China, India, and the other countries to which US corporations locate their production that they sell to Americans. US GDP goes down, the GDP of the countries who make the American goods sold to Americans goes up. The idiot free market economists call the de-industrializing of America “free trade. Paul Craig Roberts

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