Big corporations have no interest in helping the USA economy. They were once USA corporations with defacto USA citizenship and now have become international with no specific interest or loyalty in the USA.
The sooner we Americans understand that there is no longer a “corporate America” the clearer we can see why they sell us out.
Bingo, we have a winner!
So your argument is that if the widgets can be manufactured overseas at half the cost, a domestic widget manufacturer should not locate his plant overseas but instead have his global competitors put him out of business by providing the same product at half the cost to his customer base. Sir, your sentiments are altruistic but unfortunately they are have no basis in economic reality.
Bottom line - corporations are leaving to get away from a more and more unionized workforce - who insist on more and more money for less and less work. The corporations aren’t going to be held hostage by unions who insist on sharing the profits of a company they never built but now want to take over. We can’t blame the corporations - look what is happening to Boeing with the Dreamliner. The Obama administration will not rest until Boeing takes their business out of the country as well.
It has been said time and again - Obama WANTS this country to fail and will use his position to achieve that end.
In fact they prefer that the US be taken down a peg, as it wins them favors with the communist slave labor providers they seek to curry favor with.
“Big corporations have no interest in helping the USA economy.”
No one in business large or small has any interest in helping the US or any other economy!!!
The only reason to be in business is profit!
Too, those corporations hold their cash profits overseas, and would be punished by American tax rates and policies by bringing that cash home to hire an American.
“They were once USA corporations with defacto USA citizenship and now have become international with no specific interest or loyalty in the USA.”
That’s right; they’ll be “American” again when they need the US military to protect their overseas investments with the blood of the Americans they wouldn’t hire.
Sure, but now they have a Constitutional right to influence American elections.
Nothing stopping you from starting your own business.
Corporations hate the concept of a republic and 50 little countries with their own silly laws and borders. “We need a national law” is their mantra. What that leaves us with is a leviathan central government, a dead republic and corps loyal to the “global establishment”.
That is true; they have an interest in maximizing the return to their shareholders (as they should). The owner of the resources will require maximum return on those resources from the managers/stewards entrusted with those resources.
See the parable of the talents in Matthew 25:14-30. (While Marx and Obama and hillary favor the "from each according to his ability and to each according to his need" economic philosophy, we see that Jesus described the Kingdom of Heaven as one in which the LORD apportiones "to each according to his ability".)
“Big corporations have no interest in helping the USA economy”
And when did they?
The Boards of Directors of corporations have Singluar responsibility: Enhance and Increase Shareholder Investments. That means profits.
They are not social workers.
They are not government agents.
They are not obligated to hire YOU.
They are not obligated to make their products here.
They are not obligated to do anything except make a profit and pay taxes.
The rest is pretty much a crap shoot.
Its called free enterprise. And it works great.
I hope you’re not suggesting that the “trickle-down theory” of economics doesn’t work.
The only reason a business hires a new employee is if they have the need for the new hire’s labor. That’s it, end of story.
If there hasn’t been an increase in the amount of labor needed at a business, they ain’t going to hire anyone, regardless of how much money they make.
It’s looking like more businesses are turning to the overseas market to make up the slack in the domestic one. Make up the slack... which means that there wasn’t enough work previously to fully employ their employees in the past. Now, their probably just now hitting the business pace from a few years ago.
As for increased profits... considering the dollar is sinking like a stone, everytime a foreigner pays you in euros, yen, pounds and you then exchange the money into dollars, you end up with more and more each time, for you are now getting more dollars per unit of foreign currency.
And that’s with business staying flat.
“Big corporations have no interest in helping the USA economy.”
I owned and ran a small corporation and I guarntee you I have no interest in helping the US economy, never did and never will!!!
The only reason to be in business is profit.
Intersting. But since you delcare yourself a libertarian aren’t you of the idea that these corporations should be able to do as they please?
Do you go to bed at night dreaming of Ron Paul?