Millions of jobs have gone overseas. Thousands of factories are rusting away, bereft of machinery, or arsoned. America is in dire straits. Real estate foreclosures by the millions, millions of credit cards maxed out, and millions of bankruptcies. Who is responsible for all of this? Especially the lost jobs. Did the millions of ex-workers who were laid off from well paying jobs, vote to shut the factories? Did John Q. Public vote for factory closings and millions of job losses? Did the Congress or President make laws which forced factories to close and jobs lost? Admittedly the Congress and Federal Reserve has ruined the dollar, which is partly responsible, but that’s not the point I want to deal with at this time.
Who wants to keep stockholders happy? Did the assembly line workers worry about the happiness of stockholders? Did the designers, shippers, bookkeepers, stock men, maintenance people, and corporate personnel, worry about stockholders happiness? No. Who then, worries about the prices of a corporation’s stock price, besides the holders of stock? The stockholders have little to do with a stock’s price. They just buy, and hope for the best. Isn’t it the CEO of a corporation who has the last say about company policy? Isn’t it the CEO, making millions a year, if his stock goes up, who orders jobs overseas, closes factories, and lays off workers, to save money, and therefore make the stock price go up? Who else but corporate chiefs and their underlings who push papers and have keys to the executive washrooms, could possibly be responsible for lost jobs? If stock prices didn’t go up, millions may still have jobs, but a microscopic few might not make millions a year in bonuses and ’golden parachutes.’
And remember that corporate heads in the retailing end, are just as guilty. They also seek the lowest prices, to make their stock go up, so they buy endlessly from overseas sources, to which their fellow comrades sent their manufacturing jobs; also to make their stocks go up. It’s a vicious circle. After the D.C. Gang ruins the buck, the corporate heads join in the massacre, by sending jobs overseas and then buying their output on the retail end. Many times this is but a few cents per item! I’d rather have American made shoe laces, and everything now made elsewhere, but which used to be made here.
These over-paid dudes make millions, and close factories by the hundreds, sending manufacturing overseas…to save money…to make stock prices go up…to glorify themselves. They don’t give a good damn in hell if millions lose their jobs…if the stock goes up. The retail CEO’s also could care less about anything but their stock prices, and certainly not about the America in which they live in those mansions. All the while, millions lose their jobs, and ’big box’ stores thrive, selling merchandise made by virtual slave labor. I have long thought that corporations are about equal to the federal government, as to which harms America the most. Is Congress ruining the buck, any less destructive than corporate heads mindlessly seeing to it than millions are out of work? To say that the declining dollar is responsible, is only partly true. The job exodus started long before the dollar’s decline became as critical as it is now. The overseas jobs and selling overseas merchandise, also hurts the dollar, since trillions of dollars of capital leave our shores.
If someone started a red white and blue store which sold only American made stuff, are we so stupid that we wouldn’t patronize it? Probably, because it may be a few cents or bucks cheaper at a Wal Mar.
I know that my rantings will never change a thing, other than perhaps a few minds. I won’t go into a Wal Mart, but millions do. America, seems to this scribe, to be on its last legs in many sectors. Other than the world’s best maker of weapons of mass destruction, what else do we make that is useful any more? I know, there are thousands of little factories which make things, but GM, Ford, Chrysler, and other large manufacturing outfits are toast. How sad. Have a great weekend, and as the stock market plunges, as I said it would, for God’s sake, protect yourself. No one else will!