“Rather than encouraging companies to bring jobs back to our shores, the Republicans chose to play politics and block measures that will create jobs and strengthen the middle class. We will continue to push Congress to act on proposals like this and the other remaining portions of the President’s American Jobs Act that independent economists say would create a million new American Jobs,” White House spokesman Jay Carney said."
GOP should back this approach. Fix the bill if necessary. Just about everything you buy is made elsewhere. Make things here. Restore America. Jobs is the #1 issue. Vote out job exporters of both parties.
“Can someone explain to me how anyone could back tax breaks for corporations moving jobs overseas?”
I simply don’t understand any jusification for this.
“Not only are our policies failing us, they are empowering China. What the hell is in that D. C. water?”
Money talks. Wall Street and multinational corporations made billions on the migration of US manufacturing to Asia in the 1990’s and 2000’s. Politicians were given large campaign donations to support ending quotas and lowering tariffs. The loss of tariffs, and taxes paid on profits from US manufacturing, forced Washington to borrow more and rely on individual income tax revenue. It was no coincidence the Clinton income tax increases of the 1990’s correlated with the passage of NAFTA and the lower of tariffs to China and other Asian countries.
No doubt the Chinese have been channeling money to individual politicians for two decades through laundered campaign contributions, insider trading information, and probably offshore bank accounts. Clinton should have been impeached, tried and convicted for illegally taking campaign and legal defense funds from a foreign government (remember Charlie Trie?) and then giving the Chinese access to high technology secrets. No doubt too many politicians were already receiving back channel payoffs from the Chinese for Ken Starr to explore this issue or Congress to investigate.
Wall Street is corrupt, Congress is corrupt, the Executive Branch is corrupt and the bureaucracy is corrupt. We are moving rapidly toward becoming the totalitarian state the foundering fathers feared.
You ask, “Can someone explain to me how anyone could back tax breaks for corporations moving jobs overseas?”. My answer is the politicians who vote for these tax breaks receive more from the interests benefiting from those breaks than they do from the middle class voters losing their jobs. As we’ve reached the point of 50% of the population living off the other 50%, the “takers” now rule the “producers” and the politicians behave accordingly. It matters not whether the taker is a welfare leech or a Wall Street banker. Keep in mind, our Congressmen belong to the taking class, not the producing class. Most of them started their political careers as lawyers.