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Obama's economic war with Asia. It's Wall Streets war! You can count me out!

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:29 PM
Original message
Obama's economic war with Asia. It's Wall Streets war! You can count me out!
Edited on Wed Jan-26-11 02:45 PM by Better Believe It
It's not our war!

So do we really want American workers to wage a "competitive" war against the workers of Asia?

That's what Wall Street and corporate American wants and that's what it really means!

What we really need now is international labor solidarity and cooperation in order to defeat the international globalist attack on the living standards and economic/political rights of ALL workers in the United States, Asia, Europe and the entire world, not super nationalistic warfare between the workers of different lands.

A real world-wide war is going on right now .... against us .... by the ruling rich. And they are winning!

But, President Obama said nothing about that in his speech.

We didn't expect him to.

And as Jack Rasmus pointed out President Obama said:

Nothing about how to help the more than 7 million homeowners who have, or the additional 4 million who will soon, face foreclosures and evictions. Absolute silence about the dozens of states and hundreds of local governments in deepening fiscal crisis and approaching bankruptcy-and the hundreds of thousands of public employees who will pay for that bankruptcy with their jobs, wages, pensions, and health benefits. OK, some vague references to infrastructure and alternative energy jobs-over the next 25 years. Paid for by Obama's explicit reference to cut Medicare and Medicaid benefits for tens of millions.

But the most disturbing element of Obama's State of the Union address last Tuesday night was his firm commitment to cut corporate taxes even further, and thereafter to move on to ‘simplify' the US tax code in general-i.e. a code word in policy circles for further reducing top tax brackets which always results in tax cuts for the wealthiest households.

What Obama proposed in his address on Tuesday was a classic continuation of a supply side, ideological program focusing on business tax reduction, supplemented by various other measures to reduce business costs at the expense of consumers, workers, and others.

The problem in the US economy, now experiencing the most lopsided (and weakest) economic ‘recovery' from any recession since 1947, is not too high business costs or insufficient supply side (business tax) stimulus. The problem is demand side-i.e. not enough income for the 90 million middle and working class households. That insufficient income means first and foremost not enough jobs. And Obama last Tuesday night said nothing of substance about how to create jobs today or even in the next one to two years. Job creation was relegated to the distant future, stretched out over the next 25 years.

http://www.commondreams.org/view/2011/01/26



President Obama neglected to point out that American corporations he supports have outsourced millions of jobs to Asia (he failed to mention that little fact in his SOTU) and his favorite companies like General Electric have invested more money and created more jobs in China than in the United States!

So he wants us to compete against his "free trade" pals in China, South Korea and India?

Nonsense.

Well, many of us understand what President Obama and Wall Streets plan is for "competing" with those "Asians".

President Obama and his Wall Street/Corporate friends will try to implement a bold austerity plan that will drastically cut the wages, benefits, pensions and government social programs for working people at home!

That will cheapen American labor and "make" American workers more competitive with "Asians" thereby making businesses even more profitable.

What's not to like about that forward looking plan .... if you're a corporate CEO?

The bottom line is that Wall Street and corporate America are clearly proposing a world-wide competitive race to the bottom by working people here against the workers in other nations.

And in that "race" we along with those "foreign" workers will be the biggest losers.

Only the world-wide rich can win that competition.

I don't want any part of that war against my brothers and sisters around the world.

Didn't that sort of thing help lead to World War I?

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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:32 PM
Response to Original message
1. Might be Wall Streets War, but they
won't be the ones to pay for Obamas piper.
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:32 PM
Response to Original message
2. What did you do in the Class War, daddy?
K&R


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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:36 PM
Response to Original message
3. This should become the new official United States flag.

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GeorgeGist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 09:51 PM
Response to Reply #3
14. If so, then expect it to be ...
Made in China.
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Newest Reality Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:40 PM
Response to Original message
4. To reiterate:
To "win the future" we have to "compete" globally, (rather than go local and build community) and that means we must accept low-pay, increase productivity, (which is already maxed-out) by doing the work of MORE people, (who won't be employed) while accepting less or no benefits.

We will also have to accept worse, and even more dangerous working conditions, more exploitation, verbal, physical, mental and sexual abuse, while we grow sicker from stress and toxins and our social life and mental health deteriorates. We will have to accept even less security and stability with no safety-net whatsoever, should misfortune strike, (as if those concessions are not unfortunate enough). We will eat poorly and as cheaply as we can while we sink deeper into misery, debt and poverty while our living conditions become deplorable.

Win the future? Compete? Who is it that will win against whom? Who is competing for what? Cooperation, mutuality, and support? No way!!!! PROFIT is the god of this Matrix. We are being bought and sold like the slaves we are being treated like now.

We are running out of inches, you see. Due to that measurement crisis, you must tighten your belts in order that the fat cats can let theirs out to accommodate their rapidly expanding girth. That's pretty simple logic, ey?
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:42 PM
Response to Reply #4
5. That pretty well sums it up. And we're suppose to buy that line of shit?
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 02:44 PM
Response to Reply #4
6. It's time to organize labor globally
That's the only answer here

Good post
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Catherina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 09:51 PM
Response to Reply #6
13. On this the US is woefully far behind.
"Workers of the world unite".

I agree with you.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-11 02:41 AM
Response to Reply #13
16. .
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 03:29 PM
Response to Original message
7. recommend
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 04:02 PM
Response to Original message
8. k & r
Europe never fell for it, now the Tunisians and Egyptians have stopped buying the bullshit.

Obama the may be a kinder, gentler spokesperson for the elite's global worker arbitrage, but I think Americans will see through the mirage soon enough.
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 04:19 PM
Response to Original message
9. And Wall Street is on China's side - that is the global slave market
for them. He made that speech to encourage business to start creating jobs. That is a laugh. They will be at their desks this morning trying to find another way to spend the stimulus money in Asia.
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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 05:51 PM
Response to Original message
10. When American Workers are willing to:
*Work for <$4.00/day

*No vacation or paid leave

*No benefits

*No Health Care

*Give up Work Place Safety and Environmental Protections

*Put their children to work

*Live in "Company Housing" and pay "rent" to their "employers"

....THEN, we can "compete" in the World Labor Market.

THAT is where our Democratic/Republican "leadership" (top 1%ers) is taking the American Working Class.
We've been there before.
It was called The Gilded Age,
and the RICH lived very, very well.
We're going there again, full speed ahead.
Good Luck!

I'm glad I'm old,
and worked most of my life when the Working Class had representation in the Democratic Party,
because NOBODY speaks for us now.
QED: 2011 SOTU


"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans. I want us to compete for that great mass of voters that want a party that will stand up for working Americans, family farmers, and people who haven't felt the benefits of the economic upturn."---Paul Wellstone




"By their works, you will know them."
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 08:00 PM
Response to Reply #10
11. That should make American workers competitive .... and also very poor!
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GeorgeGist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 09:49 PM
Response to Original message
12. I'll bet China and India don't have ...
burger flippers with Master's degrees. So there, Mr. Smarty Pants.
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RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-11 10:03 PM
Response to Original message
15. That is where intent comes in.
Edited on Wed Jan-26-11 10:04 PM by RandomThoughts
Most people trusted that there leadership would do the right thing, and believed what they heard on the news and radio. They even agreed in specialization of leadership.

From that I figure if a person was lied to or miss lead, then fault is on the leader. And that includes information outside of perception of wrong by conditioning.

Willful ignorance is not an excuse, but if you never were in a position to learn, or did the best with what you thought was correct, then the blame is elsewhere.

Also why soldiers on both sides of a battle can both be just.

Also a good reason to know no person can be sure.


Maybe that is a personal bias, maybe wrong, maybe right, but it makes sense.
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