Democrats

Election Primaries And The American Economy

January 15, 2008 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

Stocks tanked early Tuesday afternoon despite the heavy politicking going on for the 2008 Presidency. Let me let America in on a little secret, here is why the American economy is tanking. Company ‘A’ paid employee x $100 dollars a week. Company ‘A’ created a box for $10 dollars and sold it for $30. Employee x bought 1 box a week with his money. Company ‘A’ laid off Emlpoyee x and outsourced his job. Punjab Joe now gets paid $50 dollars a week but does not buy Company ‘A’ Products. Employee x now has a job making $40 dollars a week from Company ‘B’ which means he can no longer buy the $30 box from Company ‘A’ . Regardless of how cheap Company ‘A’ now makes its box it has destroyed its customer base by outsourcing their jobs and now they are selling 0 boxes. Now the economy falls. It’s that simple. If you pay Americans to build it we can afford to buy it, if not then our economy suffers and there is no other recovery other than giving Americans back their jobs. Citigroup’s sharp quarterly loss coupled with the big drop in retail sales intensified concerns that America is facing the threat of recession but with big business outsourcing so many American jobs they have created their own demise. Big business has created the very recession which will crumble it the majority of the Big Businesses so maybe they need to think that stupid outsourcing strategy again. Citigroup has reported an approximate $10 billion quarterly loss and you can bet that the majority of this will be blamed on the mortgage and loan crisis but we all know that in reality it is because so many Americans have lost their jobs that they cannot repay their debt any longer. Sub-Prime has become the new excuse for the American economy crisis but in reality it is really just the result of job losses based on outsourcing.
The Fed monetary policy may not be enough to fix the economy; we need real jobs and new job creation, which is how we will emerge from this economic crisis. The Federal Reserve cutting interest rates will only result in us buying more imports and buying is not the problem, earning is, and the next President better understand this better than anyone. We msut also ask ourselves, should we be blaming the politicians or should we do more to find out who the outsourcing companies are and punish them economically?

Let’s elect someone who will put Americans back to work and make the domestioc economy strong again.

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