THEY ALSO FAIL TO TELL YOU THAT THE AMERICAN TAXPAYERS "SUBSIDIZE", aka, PAYS, COMPANIES TO MAKE THAT MOVE OVERSEAS AND DUMP AMERICAN WORKERS.
THEY'VE PASSED "BILLS" TO MAKE THAT POSSIBLE.
How many American jobs have been taken away from Americans and given to foreigners?
ABOUT 588,000 EVERY YEAR SINCE 2005.
LOW-END ESTIMATES PUT THE NUMBER AT ABOUT 3.4 MILLION JOBS CREATED BY AMERICAN COMPANIES OUTSIDE THE U.S. IN JUST THE PAST 10 YEARS!
ALMOST 1 MILLION JOBS LEFT THE U.S. BOUND FOR FOREIGN SHORES FROM 2003 TO 2005!
THAT MAKES A TOTAL OF AN ESTIMATED 4.4 MILLION AMERICAN JOBS TAKEN AWAY FROM AMERICAN WORKERS AND MOVED TO NATIONS THAT DON'T HAVE OR DON'T ENFORCE MINIMUM WAGE!
WHY JUST ESTIMATES?
BECAUSE BIG COMPANIES NEVER HAVE TO REPORT HOW MANY OF THEIR JOBS ARE OVERSEAS JOBS!
CONGRESS WON'T FORCE THEM TO TELL US THE REAL NUMBERS!
NO DISCLOSURE
"'Publicly traded companies are required to disclose their total number of employees in their annual report filed with the Securities and Exchange Commission. The SEC does NOT require them to disclose how many of the jobs are NOT IN the U.S.
An SEC spokesman says the rule probably dates from 1970s. The spokesman says he knows of no discussions about requiring disclosure of U.S.-based jobs.'"
THEN, IS EVEN THE HIGH "ESTIMATE" OF OVER 5 MILLION JOBS SHIPPED OVERSEAS EVEN CLOSE TO THE REAL NUMBER?
WE MAY NEVER KNOW BECAUSE WE ARE "THE PUBLIC" AND WE ARE NOT ALLOWED TO KNOW!
WE DO KNOW, BECAUSE OF HAPPILY POSTED EARNINGS ACCOUNTS, THAT THE PROFITS FROM OUTSOURCING AMERICAN JOBS IS MAKING THOSE CORPORATIONS VERY WEALTHY!
THEY CAN EACH EASILY AFFORD TO BUY A FEW CHEAP POLITICIANS!
And, unlike labor unions and others, CORPORATIONS ALSO DO NOT HAVE TO DISCLOSE TO SHAREHOLDERS, OR TO THE GENERAL PUBLIC, HOW MUCH MONEY THEY SPEND DURING ELECTIONS TO "GET THE RIGHT GUY ELECTED"!
THE ONLY AGENCY THEY MUST REPORT TO IS THE IRS, WHICH DISCLOSES NOTHING TO THE GENERAL PUBLIC!
WHILE A SUPREME COURT DECISION IN 2010 FORBIDS CORPORATIONS FROM SPENDING MONEY FROM THEIR "GENERAL FUNDS" TO INFLUENCE FEDERAL ELECTIONS, JUST ONE YEAR LATER, DONATIONS BY CORPORATIONS HAD SKYROCKETED!
By 2011 a study by the Center for Responsive Politics already found that “the percentage of spending coming from groups that do not disclose their donors has risen from 1 percent to 47 percent since the 2006 midterm elections."
THE GOP DOESN'T WANT AMERICANS TO GET HIGHER PAY, AND HAVE REPEATEDLY VOTED AGAINST AN INCREASE IN MINIMUM WAGE, BUT, WORSE STILL,THEY DON'T WANT THEIR FRIENDS FROM WALL STREET TO CREATE JOBS IN AMERICA AT ALL!
YOUR CONGRESSMEN VOTED TO SUBSIDIZE AMERICAN BUSINESSES IN THEIR MOVES TO OTHER NATIONS, AND YOUR TAX DOLLARS ARE PAYING THOSE BUSINESSES TO PACK UP AND LEAVE YOU JOBLESS!
LOOK AT THE ABOVE INFORMATION AND SEE THAT THE MORE CORPORATIONS MAKE, THE MORE THEY CAN GIVE TO THE ONES THEY CAN COUNT ON TO MAKE AND KEEP THE LAWS IN WALL STREETS' FAVOR, TO PROTECT THE "ASS-ETS" OF CORPORATE AMERICA WHILE DESTROYING THE DREAMS OF AMERICANS LOOKING FOR JOBS!
EVEN THE WALL STREET JOURNAL REPORTED IN 2012 ON THE MAJORITY OF NEW JOBS BEING CREATED OUTSIDE AMERICAN SOIL!
"'Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas.
Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at home by 3.1%, or 113,000 jobs, between 2009 and 2011, the same rate of increase as the nation's other employers. But they also added more than 333,000 jobs in their far-flung—and faster-growing— foreign operations.
The data show that global companies, aided by overseas revenue, are faring better than purely domestic companies during the economic recovery. Nearly 60% of the revenue growth between 2009 and 2011 at the companies in the Journal's analysis came from outside the U.S.
Partly as a result, these companies are more likely to focus their resources and people outside the U.S.
The nation's largest private-sector employer, Wal-Mart, added 100,000 jobs outside the U.S. last year; its head count [INSIDE] the U.S. has been flat since 2007.'"
MEGA-PROFITS FOR WHAT THE GOP CALLS THE "JOB-CREATORS", NOTHING FOR THE AMERICAN WORKERS!
WHAT A GREAT REWARD FOR THOSE LONG-DEDICATED WORKERS WHO SAW THEIR JOBS FLOAT AWAY TO OTHER COUNTRIES, EH?
PROFITS MADE BY THE BIG COMPANIES OVERSEAS ARE OFTEN NOT TAXED BY THE U.S. GOVERNMENT!
STILL MORE INCENTIVE FOR THEM TO KEEP CLOSING DOORS HERE IN AMERICA, ISN'T IT?
IT GETS WORSE, AS FAR AS THE GOP PROTECTING THEIR BIG CAMPAIGN CONTRIBUTORS!
OBAMA WANTS TO START TAXING AMERICAN CORPORATIONS FOR MAKING PROFITS BY SENDING AMERICAN JOBS OVERSEAS SO WE CAN CREATE MILLIONS OF NEW JOBS HERE IN THE REBUILDING OF OUR INFRASTRUCTURE....
BUT...
THE REPUBLICANS IN CONGRESS, NOW THE MAJORITY, HAVE SAID THEY WILL FIGHT TO KEEP THAT FROM HAPPENING!
YES, AMERICA, THE GOP WILL FIGHT TO MAKE SURE THEIR RICHEST DONORS GET RICHER AND AMERICA LOSES MORE JOBS!
Obama wants to institute a new, for-the-first-time, and only a ONE-TIME tax on mega-corporations so the government can begin work on upgrading our crumbling roads, railways, bridges, ports, etc,
This would ADD almost $300 BILLION to our economy!
And those big businesses would only pay this tax ONCE!
That leaves them A LOT of profit, and the SAME or MORE profit each year after this!
BUT THE GOP SAYS NO!
NO, TAX THE MIDDLE AND LOWER-CLASS AND LEAVE OUR RICH PALS ALONE!
MAKE THE GUYS WHO LOST THEIR JOBS TO CHINA PAY THEIR EX-COMPANIES TO MOVE TO CHINA AND STAY THERE!
HERE'S ANOTHER REASON THE GOP HATES THIS IDEA....IT WOULD LOWER TAXES FOR THE "LITTLE GUYS"!
THE GOP IS LYING AND SAYING IT WILL BE COSTLY TO THE AVERAGE CITIZEN, BUT THAT REALLY IS JUST A LIE!
ECONOMIC EXPERTS HAVE RUN THE NUMBERS AND FOUND THAT:
"'The vast majority of households in the bottom four quintiles would pay lower taxes — or receive larger refunds — as a result of the policy proposals. Those in the lowest quintile would by far save the most. '"
DO YOUR OWN RESEARCH AND READING. YOU WILL SOON SEE HOW MUCH THE REPUBLICANS IN CONGRESS ARE AGAINST MIDDLE-CLASS AND LOWER-CLASS CITIZENS AND AMERICAN WORKERS.
ASK YOURSELVES, WHY DON'T THE REPUBLICANS IN CONGRESS WANT US TO SAVE MORE, PAY LESS TAXES?
His new budget, just presented to Congress, proposes a very low 14 percent tax on about $2 TRILLION in profits that corporations have been keeping overseas in order to avoid corporate income taxes here.
TWO TRILLION IN PROFITS FOR THESE COMPANIES, ZERO FOR AMERICA OR AMERICANS!
The tax would be a sizable hit on multinational companies and a way of discouraging them from parking money in foreign countries.
And those big businesses would only pay this tax ONCE!
That leaves them A LOT of profit, and the SAME or MORE profit each year after this!
BUT THE GOP SAYS NO!
NO, TAX THE MIDDLE AND LOWER-CLASS AND LEAVE OUR RICH PALS ALONE!
MAKE THE GUYS WHO LOST THEIR JOBS TO CHINA PAY THEIR EX-COMPANIES TO MOVE TO CHINA AND STAY THERE!
HERE'S ANOTHER REASON THE GOP HATES THIS IDEA....IT WOULD LOWER TAXES FOR THE "LITTLE GUYS"!
THE GOP IS LYING AND SAYING IT WILL BE COSTLY TO THE AVERAGE CITIZEN, BUT THAT REALLY IS JUST A LIE!
ECONOMIC EXPERTS HAVE RUN THE NUMBERS AND FOUND THAT:
"'The vast majority of households in the bottom four quintiles would pay lower taxes — or receive larger refunds — as a result of the policy proposals. Those in the lowest quintile would by far save the most. '"
DO YOUR OWN RESEARCH AND READING. YOU WILL SOON SEE HOW MUCH THE REPUBLICANS IN CONGRESS ARE AGAINST MIDDLE-CLASS AND LOWER-CLASS CITIZENS AND AMERICAN WORKERS.
ASK YOURSELVES, WHY DON'T THE REPUBLICANS IN CONGRESS WANT US TO SAVE MORE, PAY LESS TAXES?
WHY DO THEY WANT NO TAXES FOR THE RICH CORPORATIONS WHO SCREWED AMERICANS OUT OF MILLIONS OF JOBS, BUT WANT THE REST OF US TO PAY MORE FOR GOODS MANUFACTURED OVERSEAS, PAY TO MAKE IT EASIER FOR COMPANIES TO MOVE OVERSEAS, UNTIL WE, THE PEOPLE, HAVE LESS AND LESS AND LESS?
IS IT ONLY THOSE WHO CAN AFFORD $100,000 OR MORE IN CAMPAIGN CONTRIBUTIONS THAT THE GOP WANTS TO SEE PROSPER?
SINCE OUR CURRENT U.S. WAGES JUST WON'T SUFFICE FOR STRUGGLING FAMILIES, DOES THE GOP CROWD WANT TO MAKE SURE WE HAVE NO WAGES?
NO JOBS?
Overall, U.S. manufacturers have added a lousy 470,000 jobs AT HOME in the past 5 years, since January 2010, but that was after CUTTING nearly five million jobs over the prior decade!
THEY ADDED BACK LESS THAN HALF A MILLION JOBS HERE AT HOME, AFTER CUTTING 5 MILLION JOBS?
BUT CREATED 3.4 TO 5.8 MILLION JOBS OVERSEAS IN THE SAME 10 YEARS?
HOW DO YOU LIKE THAT, AMERICAN WORKERS?
STILL, YOUR CONGRESSMEN, THAT SAME GOP CROWD, WANTS TO KEEP REWARDING THIS BEHAVIOR, WANTS TO STOP TAXATION ON FOREIGN PROFITS KEPT IN FOREIGN BANKS BY THEIR BIG BUSINESS BUDDIES, AND WANTS YOU AND I TO AGREE TO THIS THE NEXT ELECTION.
VOTE AGAIN FOR THOSE WHO DON'T GIVE A TINKER'S EARTHEN DAM IF YOU'RE JOBLESS OR NOT, SO LONG AS THEIR TOP CAMPAIGN FINANCIERS CAN MAKE BIGGER CONTRIBUTIONS!
The Masters of the Universe, it turns out, are a bunch of whiners. But they’re whiners with war chests, and now they’ve bought themselves a Congress.
MAYBE WHEN ALL AMERICAN JOBS HAVE MOVED OVERSEAS AND CONGRESS SETS UP SHOP IN BEIJING THE AMERICAN VOTERS WILL REALIZE JUST HOW WRONG IT WAS TO KEEP VOTING THESE TRAITORS BACK INTO OFFICE AGAIN AND AGAIN?
MAYBE...BIG MAYBE.
WELL, IT RECENTLY GOT EVEN WORSE STILL FOR ALL OF US "LITTLE PEOPLE" HERE IN AMERICA.
THIS FROM A NEWSPAPER IN THE UNITED KINGDOM:
MAYBE...BIG MAYBE.
WELL, IT RECENTLY GOT EVEN WORSE STILL FOR ALL OF US "LITTLE PEOPLE" HERE IN AMERICA.
THIS FROM A NEWSPAPER IN THE UNITED KINGDOM:
Small budget provision, which repeals part of Dodd-Frank, allows banks to back their riskiest activities with the savings accounts of regular Americans.
Congress has agreed to use federal deposit insurance, which was designed to protect the savings accounts of consumers, to cover risky trading by the nation’s biggest banks.
In a small provision in the budget bill, Congress agreed to allow banks to house their trading of swaps and derivatives alongside customer deposits, which are insured by the federal government against losses.
“It’s both a stealth move and indefensible,” said Dennis Kelleher, the head of Better Markets, a group that argues for great oversight of banks. In a note to clients, he later called it “a sneaky, midnight repeal”.
“If Wall Street gets the upside in big bonuses from its high-risk derivatives deals, then it should also have to pay the downside for any losses,” Kelleher wrote.
The new budget provision once again acts as a promise that taxpayers will foot the bill for risky trading and speculation, Kelleher said.
“If things go wrong, [the banks] get to run to the Fed for bailouts. That’s incredibly valuable to them,” he added.
YOUR GOP CONGRESS PUSHED FOR THE GUARANTEE THAT OUR TAX DOLLARS WILL ONCE AGAIN BAIL OUT THOSE WHO ALMOST BANKRUPTED AMERICA BEFORE!
IT WANTS YOU TO BE AT RISK WHILE ALLOWING WALL STREET'S BIGGEST NAMES TO BE PROTECTED, TO BE GUARANTEED ANOTHER BAILOUT!
Richard Trumka, the head of labor union AFL-CIO, said his organizations also objected to the budget provision.
“Dodd-Frank forced too-big-to-fail banks to move potentially toxic speculation in derivatives out of their government-insured banks,” Trumka said in a statement. “Wall Street’s friends in Congress are trying to once again put the public on the hook for the most dangerous aspects of the financial system.”
GOP VOTES TO SACRIFICE EMPLOYEE PAY, PROTECT CORPORATE CEOs
Five-member state GOP Congressional delegation votes to sacrifice employee pay; protects corporate CEO tax breaks.
Five-member state GOP Congressional delegation votes to sacrifice employee pay; protects corporate CEO tax breaks.
January 11, 2015
Between 1978 and 2013, CEO compensation increased 937 percent.
The pay increase of non-supervisory workers during this same time period? 10.2 percent.
[SEE: http://www.epi.org/publication/ceo-pay-continues-to-rise/ ]
[SEE: http://www.epi.org/publication/ceo-pay-continues-to-rise/ ]
The breaks enjoyed by super rich at the expense of Joe the Plumber are such that even Warren Buffett, Chairman and CEO of Berkshire Hathaway and one of the richest men in America, publicly acknowledged the disparity. Noting that his 2010 tax rate was lower than that paid by 20 of his employees.
“While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks,” Buffett said. “My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”
The House this week defeated by a vote of 168-243 House Resolution 5 which would have barred tax deductions for executive pay packages in excess of $1 million unless the company raised worker pay by a percentage tied to its productivity.
We suppose the executives of Wal-Mart need all the help they can get.
Voting “no” on the measure were newly elected Louisiana Representatives Garrett Graves (6th District) and Ralph Abraham (5th District), as well as Steve Scalise (1st District), Charles Boustany (3rd District) and John Fleming (4th District).
We don’t feel that extending even more generous tax breaks for corporate executives to the detriment of those on whose backs they made their fortunes was in the best interest of Louisiana citizens who elected them to be their voices in Washington.
IF YOU READ NOTHING ELSE, PLEASE READ THE TIMELINE OF HOW CONGRESS AND WALL STREET HAVE COZIED-UP TO ONE ANOTHER OVER TIME.
IF THAT DOESN'T INCITE YOU TO NEVER VOTE FOR AN INCUMBENT GOP CONGRESSMAN AGAIN, NOTING WILL.
AND THE DEMOCRATS ARE CERTAINLY NOT BLAMELESS!
FOR EXAMPLE:
IF THAT DOESN'T INCITE YOU TO NEVER VOTE FOR AN INCUMBENT GOP CONGRESSMAN AGAIN, NOTING WILL.
AND THE DEMOCRATS ARE CERTAINLY NOT BLAMELESS!
FOR EXAMPLE:
- 2009—After a taxpayer bailout, big Wall Street banks rebuff President Obama’s appeal to “hire American.” They continue offshore hiring and domestic layoffs. In the 2000s, the Hackett Group reports, 3.9 million jobs in finance, IT, human resources, and back-office functions have been lost in North America and Europe. In 2011, JPMorgan Chase, Bank of America and Citigroup sign new contracts to offshore $5 billion worth of ITJ and back-office work to Indian firms.
- 2010—In the Congressional elections of 2010, business interests outspend labor $1.3 billion to $79 million, a 16-to-1 advantage for business. In soft-money contributions to political parties, rather than donations made directly to candidates through political action committees, the business advantage is 97-to-1 ($972 million for business to $10 million for labor).
WALL STREET'S FRIENDS IN CONGRESS ARE NO FRIENDS TO AMERICA'S WORKERS, TO AMERICAN FAMILIES STRUGGLING TO MAKE ENDS MEET.
IF YOU CAN'T SEE THAT JUST FROM THESE FEW WELL-DOCUMENTED FACTS, NOTHING I WRITE CAN HELP YOU SEE.
THIS NATION HAS A CONSTITUTION THAT MAKES WE, THE PEOPLE THE "BOSS", NOT WALL STREET COMPANIES!
WE, THE PEOPLE SHOULD BE CONGRESS' NUMBER ONE PRIORITY, NOT SOME CORPORATION!
TO SEE FACTS ON THE NEW TAX PROPOSAL, READ HERE:
http://www.urban.org/UploadedPDF/2000089-distributional-effects-of-the-presidents-new-tax-proposals.pdf
http://www.urban.org/UploadedPDF/2000089-distributional-effects-of-the-presidents-new-tax-proposals.pdf
FOR A BETTER UNDERSTANDING OF HOW CORPORATIONS CAN HIDE CAMPAIGN CONTRIBUTIONS AND HOW MUCH THEY SPEND ON ELECTIONS, SEE
http://www.demos.org/publication/do-corporations-unions-face-same-rules-political-spending
http://www.demos.org/publication/do-corporations-unions-face-same-rules-political-spending
FOR A SIMPLE, BUT WELL DOCUMENTED ARTICLE ON INCOME INEQUALITY AD HOW IT AFFECTS OUR ECONOMY, READ HERE, BUT DO FOLLOW ALL THE LINKS TO VERY INFORMED, "SCHOLARLY" REVIEWS, ETC:
http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#Overall
http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#Overall
AGAIN, PLEASE GO READ THIS ARTICLE:
http://louisianavoice.com/2015/01/11/five-member-louisiana-congressional-delegation-votes-to-sacrifice-employee-pay-protects-corporate-ceo-tax-breaks/
http://louisianavoice.com/2015/01/11/five-member-louisiana-congressional-delegation-votes-to-sacrifice-employee-pay-protects-corporate-ceo-tax-breaks/
JUST THE WAY IT IS, CONGRESS IS WALL STREET'S WHORE:
http://ourfuture.org/20100208/wall-street-whores
http://ourfuture.org/20100208/wall-street-whores
The CORPORATION'S OWN CONGRESS ...AND WE OWN THE DEBT AND TAXES TO SUPPORT RUNAWAY BUSINESSES.
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