Drip Down Reaganonmics will not work with an Outsourcing Economy
By: FDRDEMOCRATS Published On: 11/4/2006 4:35:07 PM
You hear terms like "Tax Cuts and Drip Down Economics" from Republicans many times and what they are a talking about is "Reaganomics" and they are stuck in a 1980's bubble time-machine. Reagan was very good for the defense of America because he stuffed tons of tax dollars into the Defense Budget, as did China as did Russia. That was the 1980's Cold War.This meant the Defense Sub-Contractors did very good during the Reagan Years and turned high profits with good wages but it was a small job market compared to the other 90% of the American Job Market in the 1980's. "Reaganonmics" is 99% slogan in today's Politics which is mostly hyped-up without much fact or truth. Reaganomics was not a 1943 Defense Job Boom Economy with 1% unemployment rate in 1943. Reaganomics was what it was, meaning high job security on the defense civilian side of economics but outside the defense boom towns Reaganomics was an economical disaster as John Cougar Mellencamp wrote about in his lyrics in the songs, "Country Gentleman" "Down and Out in Real Paradise" "WE are the People" "Empty Hands" and "Hard Time for the Honest Man" Reaganomics hurt many Americans and changed the way Americans retired by phasing out Company Pensions with 401K Plans, Phased-Out Workers about to retire with "Buy-Out" Options to bring in a New Cheaper Work force including cheaper benefits and during Reaganomics millions of Americans in the work force were part of a new generated corporate loophole to be used in a high unemployed factory economy of minimum wage Temporary Workers with NO benifits or Labor Rights. Reaganomics preyed on the weak and middle class for cheap labor. Even high tech jobs used Temporary Workers with college education during Reaganomics. I worked under this Reaganomics System making minimum wage in the summer of 1984 working side-by-side with full time Employees who had been with the company more than 10 years, the work place was about 50% Temporary workers making 1984 minimum wage with no benefits and 50% Full-Time workers making about $10 an hour with full benefits doing the same jobs and hours. IT WAS LEGAL CORPORATE DISCRIMINATION. WE signed a Legal Form saying we accepted the Temporary Worker Terms and agreements.We worked 6 months at a time.I heard a Politician say if there is such a thing as drip down Economics, he has not seen it and that his town would settle for just a drop of dew in the drip down economics. That was the 1980's. Today with a Large Population Growth Influx with outsourcing American Jobs and large financial strains on Medicaid and Medicare,Drip Down Reaganomics will not work in an Outsourcing Economy, the supply side economics does not feed the demand side of economics and collecting Corporate Taxes both here in the Mainland and Abroad on USA Companies is a must "IF WE ARE TO SURVIVE AS A HEALTHY SOUND ECONOMICAL COUNTRY" Folks don't kid yourself we have a Universal Healthcare System like Canada already in the USA (nobody is being turned down for healthcare in America due to lack of funds-FACT)but unlike Canada's Healthcare Cost ours is badly mismanged in fraud, waste and abuse and drowning in National Debt. Our Population has grown which means more utilities of water, sewage, electricity, medical. schools, traffic control which could cost in the trillions.Think of American like an Island with limited resources. WE MUST FIGHT THE GLOBAL WAR ON POVERTY ABROAD.A good article to read on "outsourcing" is called "A Brief History of Outsourcing" Search Google for it. The article explains how this Economical Outsourcing Beast grew from Outsourcing Jobs from state to state in the 1980's to the current status of the American Manufacturing Factory Sector Phase-out in America to abroad. Folks if we were attack in the next hour our economy could not take the hit, our Government Budget could not take the hit. George Bush would have to declare Chapter 11 Bankruptcy for the American Government with the Global Community. Our Country's State of the Union cannot be like the Old Soviet Union's Economy, we must face the truth of our debt or collaspe like the Soviet Union. Party Line Propaganda will not pay the bills of our Country.
Comments
Trickle upon Economics (TurnVirginiaBlue - 11/4/2006 4:59:31 PM)
That's what we call 'em because they are pissing on you in so many words.
Here is a new video from two guys telling real stories from the offshore outsourcing world.