Re: Rightards are smart on beating people up the wrong way... Scaring Tactic is the name of their game

"Canuck57 Sucks" wrote a piece of shit news:Tv54o.50383$ snipped-for-privacy@newsfe11.iad...

> Socialism and marxism is about bringing everyone down to the lowest common > denominator, poverty add taxation servitude. See Cuba and Venzuela for > some examples. But isn't go>> Goodbye to those $40/hour UAW car production line jobs tightening >> bolts and taking breaks every two hours! >> >> But does McDonald's have 15 million U.S. jobs for our erstwhile middle >> class dumb'uns? >> >> Even Barack's brilliant administration can't put factories back >> together again! >> >> ------------------------ >> "The job machine grinds to a halt" >> >> >> Op-Ed >> By Harold Meyerson >> Wednesday, July 28, 2010; A15 >> >> >> >> >> >> AIN'T NO HIRING. And ain't likely to be any for a good long time. >> >> The problem isn't merely the greatest downturn since the Great >> Depression. It's also that big business has found a way to make big >> money without restoring the jobs it cut the past two years, or >> increasing its investments or even its sales, at least domestically. >> >> In the mildly halcyon days before the 2008 crash, the one economic >> outlier was wages. Profit, revenue and GDP all increased; only >> ordinary Americans' incomes lagged behind. Today, wages are still >> down, employment remains low and sales revenue isn't up much, either. >> But profits are the outlier. They're positively soaring. >> >> Among the 175 companies in the Standard& Poor's 500-stock index that >> have released their second-quarter reports, the New York Times >> reported Sunday, revenue rose by a tidy 6.9 percent, but profits >> soared by a stunning 42.3 percent. Profits, that is, are increasing >> seven times faster than revenue. The mind, as it should, boggles. >> >> How can America's corporations so defy gravity? Ever adaptive, they >> have evolved a business model that enables them to make money even >> while the strapped American consumer has cut back on purchasing. For >> one thing, they are increasingly selling and producing overseas. >> General Motors is going like gangbusters in China, where it now sells >> more cars than it does in the United States. In China, GM employs >> 32,000 assembly-line workers; that's just 20,000 fewer than the number >> of such workers it has in the States. And those American workers >> aren't making what they used to; new hires get $14 an hour, roughly >> half of what veterans pull down. >> >> The GM model typifies that of post-crash American business: massive >> layoffs, productivity increases, wage reductions (due in part to the >> weakness of unions), and reduced sales at home; increased hiring and >> booming sales abroad. Another part of that model is cash retention. A >> Federal Reserve report last month estimated that American corporations >> are sitting on a record $1.8 trillion in cash reserves. As a share of >> corporate assets, that's the highest level since 1964. >> >> Why invest in new plants, offices and workers, particularly here at >> home? Spooked by the 2008 crash, corporations want to keep more money >> under the mattress. More important, they're sitting pretty as profits >> rise. >> >> Is this model sustainable? It's hard to say -- a double-dip recession >> could plunge their profits yet again. But from the American worker's >> perspective, the model, no less than a new downturn, is an unqualified >> disaster. It portends the kind of long-term, structural unemployment >> that we haven't seen since the 1930s. It locks into place a generation >> of reduced incomes. >> >> This dystopian America already stares us in the face. Fully 46 percent >> of the unemployed have been without work for six months or more -- the >> highest level since the Bureau of Labor Statistics began measuring >> such things in 1947. Two years ago, just 18 percent of the unemployed >> were jobless for more than six months. America's private-sector job >> machine -- the marvel of the world since 1940 -- has clanged to a >> halt, and there's no place for it in corporations' new business model. >> >> The restoration of American prosperity, then, isn't likely to be >> driven by our corporate sector. Across-the-board business tax cuts >> make no sense when business is already sitting on oceans of cash. >> Targeted tax cuts and credits for strategic investment and hiring >> within the United States, on the other hand, make excellent sense. The >> Obama administration has proposed expanding the tax credit for the >> manufacture of green technology here at home, and congressional >> Democrats will soon unveil legislation creating further incentives for >> domestic manufacturing. >> >> Another source of jobs would be public, and public-private, investment >> in infrastructure. As Michael Lind and Sherle Schwenninger of the New >> America Foundation have argued, building a new American infrastructure >> of roads, rail and broadband is not only an economic necessity but >> also the investment with the highest multiplier effect in creating new >> jobs. A U.S. infrastructure investment bank, such as that proposed by >> Rep. Rosa DeLauro (D-Conn.), could leverage significant private >> capital to begin America's rebuilding, though the idea has encountered >> rough sledding in (surprise) the Senate. >> >> What won't work as an economic solution -- indeed, it amounts to cruel >> and unusual punishment -- is blaming the unemployed for their failure >> to find jobs. There are now roughly five unemployed Americans for >> every open job, according to the Economic Policy Institute's most >> recent calculations, and that ratio isn't likely to decline much if we >> leave it to the corporate sector to resume hiring. Corporations have >> figured out a way to make money without resuming hiring. Their model >> is premised on not resuming hiring. If the public sector doesn't fill >> the gap, the era of American prosperity is history. >> >> [ snipped-for-privacy@washpost.com] >> >>

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> Government has liberals, idealists and lawyers, but where is the common > sense?

Socialist or not, I love it, why? Because it's good to punish the cheating Republican from robbing our moneys through Scamming investment, Scamming Short of Power, Scamming Stock market etc..