Economies around the world need to start rethinking Nationally (that they are Sovereign nations), and STOP thinking Globally (giving their corporations, and therefore their jobs, to other countries), because they ARE Sovereign).
That kind of Global economy has become the ruin of all government types, from the tyrannical no-world countries, to the third-world countries, to the powerful First-World Republics and Democracies. It is a free-market economy...Capitalism...that exports and imports goods; but giving away jobs Globally eventually interrupts and stops a free-market economy, which is true Capitalism. Capitalism and the free-market is based on the people of any society making it on their own, from the poor picking themselves up by their "bootstraps," to the filthy rich getting it handed down to them.
Trickle-down economics doesn't mean sitting down, doing nothing, and waiting for food to drop in your mouth. Free-market Capitalism means entrepreneurs who provide jobs (trickle-down) to those who will go out and get them. Entrepreneurs need you. Their goal is to grow and hire you.
The kind of Globalism that exports and imports corporations and jobs is not Capitalism. It is Socialism; and is based on spreading the wealth by moving jobs from the country of origin...to another country...just to find the promise of "economies-of-scale." But the grass isn't always greener on the other side. Globalism forces the country-of-origin to close their factories at home (the original host country) and lose jobs at home, just to open factories and recreate those same jobs for others in the other (parasitic) country.
Banks begin to tank at home, not only because of the sub-prime scandal and mismanagement by Fanny Mae and Freddie Mac, and because of the failure of a Barney Frank and a Chris Dodd, but because Globalism began to take away our leverage of diversity of funds and accounts in our banks.
How often it was said as I grew up that the U. S. could not EVER suffer another depression again because of the safeguards of diversity...meaning we didn't rely on only one or two industries to keep this country financially sound. We aren't like the Saudi's, in that if they lose their oil market, they will lose their wealth and become a third- or no-world country. Banks begin to tank (Globalism) because the other country becomes the new bank for the new business. The old bank loses the account...less money to invest. If the "Global" business fails, for whatever reason, the new (Globally created) bank ALSO fails and tanks (because they had no diversity anyway). There go the (Globally) promised jobs. There already went the old jobs and banks. But do you notice how our country keeps putting more and more businesses in China? We are creating their "diversity" for them. And we are killing our own. They own us.
Economy-of-scale is not all that it is cracked up to be. The cost-of-goods in the country-of-origin may not be the lowest it can be, but jobs that are there, and the support industries they support, are the stability of that economy. This is the real basis (diversity) for economies of scale.
Diversity...not losing it...in every sector...you don't lose your diversity to another country. No matter what Madeline Albright says, or even the United Nations...we can't fear (?) being well-off as a country. Instead of being jealous, other countries should try our way. You start "spreading the wealth" and you eventually cause tanking. You can spread the knowledge, but you can't spread the physical wealth (Globalism through tanking).
The real-estate market tanked because of sub-prime squandering, the stupid lending to less-than-desirable "clients." A bank's policy of lending is there for a reason. Policies protect the free-market system. ACORN submarined (torpedoed) it. Obama really did have a lot to do with that. He trained people on how to undermine not only a bank's policies, but Federal laws, and stooping to low-brow tactics like sending people to bank official's homes and intimidating them with charges of racism, and simply the fear of these people being at their homes. Sorry, but to me, these are KKK tactics. It is specifically targeted racism, meaning that this was a stunt designed to undermine and bypass the policies and laws of lending to those who would default. But, to Obama and ACORN, their racism is better than the free-enterprise system. Their racism helped bring about the redistribution of income, using the mortgage industry (housing) as the first strike.
The equal analogy to the sub-prime market (ACORN) is the global market (Madeline Albright et al) and thinking that a global, socialist economy would create great wealth (but for who?). All it did was redistribute wealth in such a way that the economies imploded. Nothing held up to standard because the standards were relaxed. When you have no standards, anything goes. In America, our free-market economies are endowed with a culture of support industries (from trickle-down economics) that have been built up over several generations (remember, we are a young country). Support industries rely on (trickle down) the long range stability of "control" industries...like the auto industry, the airplane industry, the textile industries, yes, even our monetary system (who we borrow from) etc. You start shipping those jobs overseas and constantly buying foreign, and you then shut down (tank) our now not so incredibly deep support industries.
The "control" industries are like giant trees which have their roots going deep into the earth, receiving vital nourishment (buying American), and providing the national stability of jobs in all the sectors that they influence, and that their roots have been long "established." You cut down these (or any country's) "control" industries, and you cut down their "everything" that relied on them. And we all know what happens when you cut down a whole forest...you create the means for a dust bowl and floods. There is nothing to hold the soil. There is great erosion and poverty of the soil. That translates to the loss of jobs and "tanking."
You must understand that in real life, support industries will close because of the close relationships they develop with their "control" industries. They can't find further demand fast enough to stay open. Remember, it's one of the tenets of good business to have an exclusive relationship with your support industries. The "control" industry goes, and so goes the support industry. Jobs everywhere are lost. Yes, jobs in other countries are created. New economies in other countries are formed at our expense. Since when did the United States become expendable? A question I have is why are we tanking our own country...on purpose?
We need to buy American; Germany needs to buy German; France needs to buy France, et cetera. We need to be a lot less global (socialistic), and become a lot more patriotic, each country. Everyone needs to be more patriotic to their own country and buy their own national goods. Obviously, they should buy from other countries what they can't buy in their own. Exporting and importing goods is Capitalism. Call this mentality "provincial," call it "parochial," call it naïve. You want your country back and indicators like the Dow Jones to go back up? Buy American. Buy American whether you like it or not. Buy American whether you think foreign cars are better or not. Every time you buy a foreign car, you basically give those foreigners easy money to buy American real estate. American real estate is a bargain to the Japanese and the Chinese. They are buying this country right from under your nose. Where do you think the stimulous money is coming from? Your government borrowed it from the Chinese government. Future taxes will have to pay it back. By "future," I mean our kids and their kids...
National Public Radio just ran a story (at this writing on 02/23/2009) about Chinese who come to the United States to buy $500,000 homes because their money is worth so much more against ours.. We, as Americans, do similar in Mexico. But we haven't bought "Mexican" like the Chinese are buying "American." The Chinese are buying a number of $500,000 type homes and other real estate, each...in cash! "American" factories in China are causing this. Other countries' factories in China are also causing this against their countries.
For so long, Americans over the long years have been ridiculed and besmirched for having some of their goods made in other countries because of the sweat shops. Well, the host countries' factories ARE sweat shops. They have little to no human rights codes or laws. American factories (and some other countries) have gone their full economies-of-scale...low costs, low prices, mass production on an unreal level.
In our country, we don't have sweat shops. We do have highly advanced union shops. Unions (especially the AFL-CIO) have made sure that American factories adhere to the highest human rights standards. American unions are the most advanced work force in the world. Unions, such as the AFL-CIO, single-handedly created our great middle-class, the greatest single buying unit in history. They have caused us in this country to enjoy life on a scale never before seen in history. If it's union made, it keeps jobs open and they are the ones "who keep the light on for you" in this country.
Here in America, unions have created a buying force unparalleled in human history. When you look at all the thousands and thousands employed in our country's auto industry, and then look at the thousands upon thousands employed in the auto support industries, then look at the union population of General Electric and the entire transportation industries, they generate (in geometrically expanding numbers) a buying public with needs, desires, and wants, with insatiable impulse buying power [sodas, chips, cigarettes, snuff, beer, pretzels, motorcycles (do you realize how many Harleys the U.S. auto industry workers buy? They buy American because they know better. And how many contract guards buy Harleys? And how many rich people buy Harleys? You can believe that Harleys, if not motorcycles in general, are an impulse buy). Cars, trucks, fishing gear, hunting gear, firearms, ammo, TV's, sports equipment and a whole lot more]. This is middle-class America with unheard of buying power. They are America, and they have earned it!
Partly because of the new middle-class created by the U.S. auto industry and its support industry, you have banks in record numbers approving credit. Talk about the truth of "trickle-down" economics; look at the credit industry that was spawned. You have tremendous "callcenters" for Sam's Club card holders, Federated call-centers for Macy's and other Federated stores, and other call-centers for credit traffic. These jobs and thousands of other jobs created (trickle up?) by our middle-class buying power, is nothing less than tremendous and only strategic for the United States if kept HERE by buying American (especially cars and trucks). I apologize for ever buying foreign. I will amend my ways.
When I go to the store to buy groceries, I go to a local store. I don't go to Mexico, or Canada, or France, or Germany to buy something. I buy here. I know that what I just wrote sounded stupid, but hear me out. Every time I go to the store, I admit that I can't go to a foreign country just to buy my regular groceries. That would be stupid and unbelievably expensive. It is nowhere near practical to grocery shop in Canada or Mexico, much less board a plane and grocery shop in France or Germany...then come right back! When you grocery shop in your neighborhood, you are actually buying from other countries. Your local store has already purchased his goods for you to buy. At this time, China has "most favored nation" status. Other than most of the groceries you buy, most of your other items are foreign-made. You can hardly "buy American" in these local stores for other than groceries. When you buy a car, though, you know by the name plate on the car what country you are supporting. Nobody but Ford owns Ford ('Buy' the way, my '96 Ford Taurus has 214,000 miles on it. I drive it every day). Nobody but General Motors owns G.M. True, a lot of parts may be made in a foreign country, but when you buy the American car, the American share-holders get the lion's share of your purchase. You buy a Toyota, their shareholders are in Japan. You support the Japanese, not America.
Buy American. That should be your goal and our purpose. Let's have a 'buying' tea party. Buy American. Look for it. It's there. Put our people TO work...and BACK to work. Let's not worry about the other nations. Let's worry about our next-door neighbor's status instead. Instead of paying our neighbor's bills for him by Obama's "spreading the wealth," let's do our good neighbor the greatest favor of all and help him get his job back by buying American. Then he can pay his own bills and have great pride.
If we survive this crisis, other nations will survive, too. They already are buying their own products, their own cars. We have been the only nation who has been duped into buying "foreign," and losing thousands of jobs. Is there a chance, any possibility, that this could have been a conspiracy? What, did you graduate from the University of "Duh"?!
It's funny...sort of...other countries depend on us for all kinds of handouts. Your tax dollars have been "bailing" out countries (even terrorist countries) - for years - in the multi-trillions. It is time to return our own favor and rebuild ourselves. Remember some of you have said that we should feed our own poor instead of feeding "their" poor? Well, now's your chance. Buy American and put our 'new' poor, our let-go auto factory workers, back to work. Regardless of what you think you heard from Obama, the government is not going to buy you a Ford, or Chevy, or Chrysler. He's not even going to buy you a Toyota or a Honda. You are.
Many immigrants get things free from our government through our hard-earned tax dollars...like free education at our best colleges, social security (given from your hard-earned check). Some even get free homes. We have to buy our own. Go ahead, ask for a free college degree. It's only for them. You need someone to give you a break? You are your own break. Buy American. Don't get sucked into losing our economy. Don't believe that you will cause the greatest depression the world has ever seen if you buy American.
The greatest depression this world has ever seen will absolutely be caused by our great United States losing more and more or its middle-class. Remember your buying power. Your buying power is the greatest influence the world has ever seen. Use your influence. Remember the middle-class saying? "Money talks and bull-____ walks! Politicians will not hear your voice. You are nothing but middle-class dirt to them. Remember when you were told as a toddler to use your "inner voice?" Remember? Your mom and/or dad wanted you to speak more quietly? Not to make so much noise? Well, do you know that as a member of the great middle-class of this great country of ours...yours, your "inner voice" is now your WALLET.
No, personally, each one of you is not rich, but as a whole, you are the most powerful body in the world. Remember, you FUND other countries in the multi-trillions! You have ALWAYS been THEIR "bailout."
It's time. It's time to bail YOURSELVES out. This government is not going to bail you out. Not a chance. This government is mostly responsible for getting you into this mess.
Buy American! Do it now! Or lose the greatest country this world has ever seen. This is... "Radio-Free America" ©
By: Stephen T. Hendel
mathphonics@yahoo.com
This is a blog of unique writings, mostly of which I have written. If I did not write it, I so state. My writings are original. I invented the term, or phrase, "'Private' Obama." and "Privadent." He does NOT know better than his Generals...
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