Busted: Bankers and The Global Economy

May 14, 2010

Big Business & Consequence of Economic Recovery

Because of the way that the United States economy is structured, every article of good news is almost always balanced by an equally troubling fact of economic life. Despite the prospects of a growing recovery in the eyes of many, we are now confronted with the latest trade deficit statistics.

As the economy improves, established business and some people are spending more money. The unhappy news is that the nation is spending more on imported goods than the rest of the world is spending on U.S. goods.

The latest statistics show that U.S. exports rose 3.2 percent during the month. Authorities equate this to a seasonally adjusted $147.9 billion. Imports increased by almost the same percentage, rising to $188.3 billion, resulting in a trade deficit of $40.4 billion for the month of March. This an increase of 2.5 percent compared to the prior month, the highest trade imbalance in dollars in 15 months.

Much of the trade imbalance is due to the cost of  addictive imported oil, which points to the need for more effective national energy policy. The recent gulf oil spill has put a bit of a monkey wrench into what government says are short-term plans.

The largest winners in this trade process are the Middle East, followed by China. While consumers ultimately decide what they will buy, the big decision makers in all this hocus-pocus is Big Business, either through Corporate America, Multinational Corporations and large retailers like Wal-Mart. Responsibility doesn’t stop there. Even small mall shops bear a burden in supporting cheap foreign goods. In fact, no business is free from supporting cheap foreign goods over American goods. That die was cast in the 1990s. Even now, corporations are constantly trying to lower their bottom line and increase profits exponentially. Most of the time, they don’t care how they do it.  As a result the nation spends more than ever on foreign goods to support the desire for cheap stuff. Unhappily, because of corporations, much of that cheap stuff isn’t really cheap. It is being marked up by Big Business, made more desirable through glitzy advertising. As a result, quality of goods is often being reduced as well.

Corporations are not being encouraged to use goods produced in the United States. In fact, there is little incentive to produce goods in the U.S. when insanely cheap manufacturing sources can be found overseas. Politics is often involved with the notion of “saving America.” Any economic sustainability for this nation must involve corporations and businesses that do business in America.

It has been posited by many that consumers must demonstrate more discipline. While consumers do vote with their dollars, they often have little choice in the matter, especially in this decade. It isn’t simply about tightening spending and buying American goods. Corporations that do business in America must comply as well for the nation to succeed in putting down a continued national trade imbalance. Any other approach is simply magical thinking.

April 12, 2010

Multinational America & Cheap Labor

Even highly educated Americans can hardly win with a nationwide crisis of underemployed and unemployed. Clearly, America lives in the age of the wage slave, a time of mindlessness and lack of creativity. Corporate America remains addicted to outsourcing overseas, especially where cheap Indian labor is concerned. Now globalist academia, notably the University of Houston, is outsourcing teaching assistant jobs to India. Globalists are doing much more than that. Even Houston is a new center of foreign training basking in the warmth of  globalist conceit. Meanwhile, Bill Gates vis-à-vis Microsoft, has continued to sack the prospect of American jobs by sending them overseas. Since Gates can’t bring Indian help legally into America by the truckload, he is sending precious jobs overseas at a time when an unprecedented number of qualified educated Americans are out of work. Almost half of the those on the unemployed rosters have been out of work for more than six months. It seems to me that the time is nigh to outsource the national sociopaths.

It is high time to move away from the falsehood of corporate globalism to consider employing educated U.S. citizens. Having experience myself in dealing with teams of the hired from Mumbai, I must admit that they seem to be bright people on the surface. They are humble and do what they are told. Hell yes, they are eager to please! That is where the panacea ends folks! You will tell them again and again, yes… and again. You will spend hours in special conference calls dealing with “the meeting of the minds,” as they continue to pour out work that most children can do.

Multinationals: your jobs building another nation.

The communication and cultural barrier looms large as work is redone over and over. As far as being eager to please, this is hardly a surprise since corporate buildings spring from some of the worst slums of India, corporate neighbors that gleam in contrast to some of the worst ghettos the world will see. Who wants to leave a pretty polished office in favor of a human black-hole of mud and cardboard? It is time to fully realize that this is a human rights issue. Elevating foreigners that live in mud holes seems to be the human thing to do, unless you are merely elevating them to the underpaid wage-slave status as they fight in their minds about what the hell is in the minds and attitudes of managers in Corporate America. Surely “Bob Cratchit” had it no better and we have the nerve to think that globalism is doing them a favor, kind of like how imperial Britain was good for India too.

Meanwhile, the good boys and girls at Deloitte, Price Waterhouse , Microsoft, IBM and the whole lot of lousy multinational sleezoids continue to undermine and use an entire planet of human beings for what is good for corporate needs at the moment while basking in the glow of sustainability and green politics. You can add all of Wall Street and their overseas markets to the list too because this behavior is all the same thing.

Behind the corporate scenes in India, destined for a third world U.S.A.

That isn’t enough for “Multinational America.” This well-funded, organized racket is built on lies of an American labor shortage that oozes from ivy league “innovation.” They have legitimized the crime of selling out “spoiled Americans” in the hope of instilling and importing India’s caste system into the United States for their own benefit. They are debasing the nation so they can continue to ply their usury on the nation as they pimp globalism to proffer their bottom line and the meaning of their miserable existence. So much for socially responsible behavior. Too bad that President Obama doesn’t have the good sense to charge this modern-day pack of miscreants with treason. These are the sort that only Benedict Arnold could love.

Meanwhile, they can bask in the glow of globalism, an effort to justify the behavior of sociopaths. Believe me, these kids from India aren’t paying the bill. Multinational corporations are.

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