Wednesday, January 5, 2011

While Washington pursues CEOs, they snub U.S.

by Robert Reich from SF Chronicle

The former Secretary of Labor under the Clinton administration reveals how both US political parties pursue the favors of corporate heads:
So the White House caved in on the Bush tax cuts for the wealthy and is telling CEOs it will be on their side from now on. As the president recently told a group of CEOs, the choice "is not between Democrats and Republicans. [See this] It's between America and our competitors around the world. We can win the competition."
But even better, he writes about how the US corporations, several that have taken taxpayer bailouts, are offshoring most of their production and creating jobs for non-US citizens.
There's only one problem. America's big businesses are less and less American. They're going abroad for sales and employees. That's one reason they've showed record-breaking profits in 2010 while creating almost no American jobs. 
So, as you can see, even the President makes it clear that US elections don't have any relevance. (As if you didn't already know.) The US government representatives, who are sponsored by corporations and their owners, support their sponsoring corporations against other competitors. But, doesn't it get rather confusing for Obama when corporations and their owners are globalized? Maybe it is fairly easy--just add up the contributions and their sources and you will find the US military-industrial complex at the head of the line. See this, and this.