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Metropolitan DC Local Politics
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[quote=Anonymous][quote=Anonymous]Maybe it's time for a smart and capable new U.S. president to figure out how to bring back the manufacturing jobs without upsetting the world economy. The U.S. has always had smart and capable citizens. Folks who figured out how to overcome seemingly insurmountable problems. Over time, the government has been taken over by idiots who do more to harm the nation than any enemy nation could do to us. A prime example is not protecting American jobs. [/quote] I agree with you, and I am the PP who supported NAFTA when it started. I think the US became a victim of its own success. The expectation of NAFTA was supposed to spur exports which would increase jobs in the US. At the time, China was still coming out of the cultural revolution and hadn't opened up yet. When the NAFTA deal was signed, they didn't anticipate China taking over the manufacturing world. But, even though political leaders saw this coming, they did nothing here because corporations of course loved the cheap labor. This country's politics is driven by corporate money, and thanks to the Tea Party Rs in Citizens United vs Federal Elections, SCOTUS determined that corporate entities are "people", too, and they should be allowed to donate millions to political leaders. The pandemic has shown us where the holes are in our economy. We can't rely on globalization for everything. The Dems pushed a bill to provide incentives for domestic chip manufacturing. Only 24 Rs supported that bill. This type of partisan politics is not helping Americans. If you want to "bring back the jobs", you are going to have to accept some regulation and rules by the US government, something Rs detest. Executives here are compensated at stupid amounts; wages here are too high compared to China and MX. Those two things lends itself to manufacturing in cheap labor markets. Executive pay in this country FAR exceeds any other country. The US is about greed and capitalism. That's why the manufacturing went to cheap countries. The US needs to have rules around executive pay, but that will never ever happen in the country of greed and capitalism. At the same time, those who say they support capitalism and no regulation scream about jobs going overseas. Do you see the disconnect there? Until Rs see the disconnect, they wont be able to "bring back the jobs". This is why Trump also couldn't "bring back the jobs" large scale. Trump's rhetoric about bringing jobs back was full of hot air. The tax cuts he implemented did not result in jobs; they resulted in stock buybacks (I even stated this would happen.. anyone who's worked in the private sector for many years could've predicted that). Even Trump got mad at the companies for not using those tax cuts to hire Americans. Dems tried to negotiate into the tax cut bill that a certain % of tax savings must be used to hire Americans. Rs balked at that. Rs aren't for the American worker. They are for capitalism.[/quote]
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