After offshoring our jobs for profit, the corporations are now selling OUR assets for more profit.

[AdHocSolver]

The REAL CAUSE of the coming depression is NOT the lack of corporate profitability, but the elimination of American jobs so that practically everything we by is imported, which sends our money (our assets) to foreign countries. Since Americans go into debt to survive, they are less able to buy goods (even though the goods seem to be cheap when they are imported), so the corporations are now selling American assets to foreigners to stay in business further exacerbating the collapse of the U.S. economy.

Face facts folks. The value of the investments you made in American corporations which sent jobs overseas, and which are now selling their physical plant to foreigners as well, is gone FOREVER. The investments you made were in Ponzi schemes as was the real estate bubble. Bailing out the existing corporations who CAUSED our problems so that they can survive long enough to sell off what is left of the corporation is NOT a solution. Your investment was designed to boost the profits of the insiders. They never cared about you. Bailing them out will save THEIR assets, but most of the value of your investments is gone forever.

The bailout money given to the banks is lost as well because the underlying cause of the problem was not addressed.

We have to bring JOBS back to the U.S. For the economy to work, when we buy goods and services, the money we spend has to go to other Americans who will, in turn, buy from us. The circulation of money WITHIN an economy makes it successful. The constant outflow of money leads to debt and eventual collapse. It is like trying to fill a bath tub with a missing stopper. Pouring water in faster will not fill the tub. It will just delay the emptying of the tub.

Unless we change the trade and tax laws to make it more profitable to keep jobs in the U.S., rather than export them, the coming depression will last for a long time. Government spending for a stimulus package will help, but not solve, our economic problems if that money is spent to buy imported goods.

The stimulus of the 1930's worked because most goods back then were manufactured in the U.S. The stimulus money continued to circulate within the U.S. Today, with corporate import mania, the stimulus money will eventually just leave the U.S. This country MUST rewrite trade agreements and tax laws to give American companies who want to manufacture here and create jobs for Americans here a level playing field to compete with the large corporate importers who profit by offshoring jobs.

[woodsprite]

1. We cannot say this loud enough or often enough! Maybe if we

all consistently pound this message home, we may start to see real change. We need to take a step back and think of America first - in every way - not just for how much money they can wring out of us.

[bvar22]

2. This is the part of the Stimulus that is NOT talked about.

In the past, stimulus dollars were spent at a locally owned businesses, and stayed in the local community.
Today, it will be spent at a Big Box, and the money leaves the community in one quick step.

The results is:
No stimulus for the local economies.

To Big To Fail is a HUGE part of the problem.
The USA desperately needs a Trust Buster that will break up the HUGE Corporations, and make it possible for locally owned businesses to compete on a level playing field....especially in small town America.

K&R