Extreme Liberal's Blog

Where Liberalism Is Alive and Well!

Republicans Hate American Jobs, But Love Sending Them Overseas!

That is not hyperbole either, those are the cold, hard facts. Steve Benen has an excellent post about why they hate American jobs so much…it boils down to one word, POLITICS! From Benen at the Washington Monthly…(emphasis mine)

THE GOP PLAN TO MAKE UNEMPLOYMENT MUCH WORSE…. The number one issue on the minds of most Americans is job creation. With that in mind, it seems rather important that congressional Republicans are pushing a plan that would make unemployment much worse, on purpose.

A Republican plan to sharply cut federal spending this year would destroy 700,000 jobs through 2012, according to an independent economic analysis set for release Monday.

The report, by Moody’s Analytics chief economist Mark Zandi, offers fresh ammunition to Democrats seeking block the Republican plan, which would terminate dozens of programs and slash federal appropriations by $61 billion over the next seven months.

Zandi, an architect of the 2009 stimulus package who has advised both political parties, predicts that the GOP package would reduce economic growth by 0.5 percentage points this year, and by 0.2 percentage points in 2012, resulting in 700,000 fewer jobs by the end of next year.

Zandi also had bad news for liberal Democrats who are resisting sharp spending cuts: Bringing deficits down to sustainable levels will require more than a growing economy.

If this seems familiar, it’s because it’s not the first report to raise this point. The Washington Post‘s Dana Milbank, relying on data compiled by the Center for American Progress, found that the Republican budget plan would force roughly 975,000 Americans from their jobs. What’s more, just last week, economists at Goldman Sachs estimated that the GOP proposal would reduce economic growth by as much as 2% of GDP, which would cause the unemployment rate to go up about a point.

[...]

This deserves to be the lead story for every major news outlet covering the debate. There’s no more important angle to the electorate that still says economic growth and job creation trump everything else.

I would, by the way, gladly note the Republicans’ response to this, but as far as I can tell, the GOP doesn’t have one. The House majority has seen these multiple projections, showing steep job losses, that Republicans have responded with nothing — no projections, no competing sets of numbers, no hearings on the effects of their cuts, nothing.

I remember when I first heard that the U.S. Chamber of Commerce supported outsourcing and in fact, encouraged American companies to do it, I almost fell off my chair. The U.S. Chamber of Commerce encouraging American companies to ship American jobs overseas…you have to be kidding me, right? Oh no, this is not a joke. They actually have offered classes on how to do it….how to stick it to American workers. From ThinkProgress…

The ties between the AmChams and the U.S. Chamber are deep. In addition to sharing staff members, the Chinese AmCham has worked closely with the U.S. Chamber and the Chinese government to sponsor a series of seminars in America to teach American businesses how to outsource jobs to China (called the China Grassroots Program). Below is an invite to an event sponsored by the right-wing billionaire Sheldon Adelson, inviting local businesses in Florida to come to Jacksonville and learn about outsourcing from Chinese government officials like Li Haiyan, the Counselor for Economic Affairs for the People’s Republic of China, U.S. Chamber lobbyist Joseph Fawkner, and BChinaB, a firm that specializes in helping American firms outsource their manufacturing jobs to China. Click the screenshot below for the invitation:

Now everyone knows that the U.S. Chamber of Commerce is a huge benefactor of the Republican Party and make sure that their beneficiaries of their largesse fall in line with the “company line.” But really, the name “U.S. Chamber of Commerce” should probably be changed to reflect what it really does. How about the “Foreign Chamber of Commerce” or the “Non-U.S. Chamber of Commerce” because they receive a lot of money from foreign corporations and I’m sure it has NOTHING to do with their stance on outsourcing, right? More from ThinkProgress…

Separately from their relationship with the AmCham affiliates, the U.S. Chamber of Commerce receives direct foreign donations to the same 501(c)(6) political account the Chamber is using to run an unprecedented $75 million attack ad campaign against progressives. In an exclusive investigation, ThinkProgress documented over 80 foreign firms donating at least $885,000 to the Chamber’s 501(c)(6) account. As ThinkProgress’ Brad Johnson noted, many of these foreign supporters of the Chamber financing its 501(c)(6) are also some of the world’s largest outsourcing companies.

Isn’t that just sweet, the U.S. Chamber of Commerce taking donations from foreign nations that compete directly with American companies for jobs. Does anyone else see a problem with this or is it just me? Even Ronald Reagan must be rolling over in his grave over this bullshit, and this is the same group of folks who claim to have a monopoly on patriotism and nationalistic pride.

February 28, 2011 Posted by | Economy, Jobs, Politics | 16 Comments

How Much Did You Pay In Taxes Last Year? GE, Exxon-Mobil, Bank of America And Citibank Paid ZERO!

The Republican con of America continues and their brainwashing of Republican voters have made them believe that the real problem in America is those overpaid firefighters, teachers, police and union workers in general. To me, this is the most blatant campaign yet by conservatives to separate the wealthy from the working class people in this country. I can’t even believe the contempt I hear from conservatives towards the people who teach their children, police their streets, fight fires in their communities and do the jobs in factories that they would never do. Are none of these people members of their families? Are they really so removed from people who work hard for a living that they are able to label them, marginalize them and basically talk about them as if they aren’t really people but leaches. Do they pass this on to their kids and is that the reason why so many kids have no respect for their teachers or any other authority. The politics of smear, divide, diminish and lie has overtaken our country and caused many people to see everything through that veil. Is it any wonder that politicians are acting like they are, they are a reflection of the monster they created.

Think Progress has a great article about how little the largest companies in our country pay in taxes. Astounding…

[Gibson] explains, “I have one dollar in my wallet. That’s more than the combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America. That means somebody is gaming the system.”

Indeed, as politicians are asking ordinary Americans to sacrifice their education, their health, their labor rights, and their wellbeing to tackle budget deficits, some of the world’s richest multinational corporations are getting away with shirking their responsibility and paying nothing. ThinkProgress has assembled a short but far from comprehensive list of these tax dodgers — corporations which have rigged the tax system to their advantage so they can reap huge profits and avoid paying taxes:

- BANK OF AMERICA: …didn’t pay a single penny in federal income taxes…

- BOEING: Despite receiving billions of dollars from the federal government every single year in taxpayer subsidies from the U.S. government, Boeing didn’t “pay a dime of U.S. federal corporate income taxes” between 2008 and 2010.

- CITIGROUP: …Citigroup’s deferred income taxes for the third quarter of 2010 amounted to a grand total of $0.00.

- EXXON-MOBIL: …Although Exxon-Mobil paid $15 billion in taxes in 2009, not a penny of those taxes went to the American Treasury.

- GENERAL ELECTRIC: …he world’s largest corporation — filed more than 7,000 tax returns and still paid nothing to U.S. government…

Of course people on the right characterize asking corporations to pay some taxes as an attack on corporations. They don’t seem to have a problem “attacking” middle class Americans, teachers, firefighters, public employees, all types of union workers and those people who don’t have any opportunities in front of them. Not only do they want working people to bear the brunt of the deficits that were created by allowing the above corporations to not pay a fucking dime in taxes, but they want to cut services to people who don’t even have a fucking income for them to take any taxes from. It is the ultimate in kicking people while they are down and they seem to revel in it. They are the lowest form of scum, if you ask me

February 28, 2011 Posted by | Politics, Republican Party | | 1 Comment

   

Follow

Get every new post delivered to your Inbox.

Join 159 other followers