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America Dismantled, Deindustrialized and Destroyed

America’s is being looted by corporations, deindustrialized and under current conditions is set to become a third world country in less then 20 years. Its economy has shifted towards lower-wage service jobs while manufacturing jobs are being outsourced to cheaper labor markets like Mexico, China and India. Corporations are sacrificing American jobs in the name of profit. The whole fake left right paradigm has so called conservatives who believe that corporations can do no wrong and on the other side liberals who think the government can do no wrong. Corporations own and operate the government using it as their own personal ATM cash machine. Socialism is being used to deceive the population into accepting big government as corporations take more and more control. Social Security will be privatized and run like a government institution through these corporations. America’s economy is being raped into bankruptcy and it is losing its national independence.

It was only the LA Times who got it right after the new $2.6 trillion budget with the headline Era of Big Government is Back under Bush. Now not even the Republicans can argue about the size of the government with the Democrats. Even with the deep cuts to healthcare, farm subsidies and other domestic programs, important components were not included in the budget. It does not include ongoing military operations in Iraq, the 2001 and 2003 tax cuts being made permanent and the costs of overhauling Social Security reform. It was the Pentagon and Homeland Security that emerged as the real winners as defense spending has risen over 50% under Bush. There has been a 40% increase in overall spending from under Clinton to 2004 and in fact Bush is the biggest spender to ever hold the presidential office. They talk about spending discipline, restraint, reducing the deficit but then announce huge spending increases in almost every department only choosing to slash a few. Can’t anyone see the double talk and think? Bush inherited a budget surplus when he took office which has turned into record shortfalls. As usual it will be the poor who will absorb the brunt of this budget while the rich get richer.

In this era of permanent big deficits, little surprise it is still the rich, elite and corporations receiving billions in tax breaks. When it comes to foreign profits they are hitting the tax break jackpot while eliminating not creating new American jobs. Hewlett-Packard a computer and printer manufacturer amassed $14 billion in foreign profits last year. Yet it still talks about reducing its work force on top of the 25.000 it has already axed in the last 3 years. It is Trough the Job Creation Act that these tax breaks on foreign profits are to be used to acquire other companies, pay down debt, buy up patents and oh ya create jobs. The Oracle cooperation which makes database software used some of its 3 billion in foreign profits to purchase People Soft a software competitor. The consolidation of the two companies will result in the loss of 5000 jobs. Corporations like Halliburton and Lockheed Martin have greatly benefited from the war in Iraq and so has the Carlyle Group which returned $5.3 billion in profits doubling from the previous year. Enron and World.Com were only the tip of the iceberg when it comes to cooperate looting. The money just didn’t disappear into thin air someone got rich off of these scams while millions of others lost their pensions and life savings. In the last 10 years there is $2.4 trillion in missing or unaccounted funds from the Pentagon. Where is this money? Is this happening in other agencies? Shouldn’t they get to the bottom of this? You know investigate and maybe prosecute someone. Mainstream media has given this story very little attention but this type of hopeless corruption and cooperate looting is taking place in all agencies and levels of government.

The new reforms to Social Security are a Trojan horse designed to privatize loot and dismantle the current program. During Bush’s presidency $1.5 trillion has already been spent on other things and most no nothing about this looting. They are using the reserves and transferring the Social Security funds into the spending column with no provisions being made to repay this money. The reality is that Social Security is not facing a crisis and any problems are being greatly exaggerated in order to scare Americans into supporting this plan. The reforms call for present employees to divert some of their Social Security into stock market funds but it will not apparently impact those who currently receive benefits. It is completely absord to give Bush an opportunity to partly cut guaranteed benefits by creating private investment accounts. This will give the government the ability to invest in whatever stocks they decide and these assets could not be touched until one retires. Corporations who fund and run the government would benefit from more investments being thrown there way. Establishing these private accounts will be very expensive and such changes could also jeopardize and prevent future benefit increases. The Bush administration estimates the transition costs to be $754 billion over the next 10 years but others range from $1 to 2 trillion. Bush even went so far as to say that the current Social Security system provides disadvantages to black seniors because they have a relatively shorter life span. They may pay more in payroll taxes then they eventually receive in benefits but on average they rely more on disability and survivors benefits that are also paid by Social Security. By investing in the volatile stock market it could acutely leave private accounts holders with even less benefits than the current system guarantees. Bush has all but ruled out raising payroll taxes and would borrow to pay for the transition and in many ways this is similar to what led to the economic crisis in Argentina. This privatization plan is nothing but a diversion to divert attention away from the massive looting and draining of America’s retirement accounts taking place. It will be the corporations and Wall Street not the benefiacries who will be the real winners. The truth is there is no crisis, Social Security is not going broke but fear mongering tactics will be used to sway the population. This new plan will only destroy the program that now provides secure income to 48 million people.

American imports are now 50% greater then exports which are putting a tremendous amount of pressure on the US dollar and trade deficits are growing more than 5 times faster then the economy. Us productivity rose at just 0.8% the smallest increase in close to 4 years. There was a record deficit of $164.7 billion in the third quarter of 2004 and everyday it is borrowing over $1 billion just to pay its bills. In early February interest rates were raised for the sixth straight time to 2.5% and if it continues to rise there will be increased personnel bankruptcies, the real-estate market and consumer debt bubble will burst. Combined with a trade deficit of $56.4 billion for December it is difficult to be optimistic when it comes to the US economy. The deficit with Canada, America’s largest trading partner also in the same period hit a record high of $7.3 billion. America is producing too little and spending too much and growing dependence on imports reflects the outsourcing of manufacturing jobs. Most Americans have been living an artificially high standard of living for a longtime.

American jobs are being off shored, outsourced and insourced as the economy becomes further divided into a two-tiered system. The ever increasing gap between high-wage and lower-wage employment is leading to the dismantling of the middle class as jobs are being exported to cheap labor countries like Mexico, China and India. Many of the new jobs created in the last decade have been low-wage, no benefit service sector jobs. These include retail sales persons, cashiers, truck drivers, office clerks, personal-care and home health aides which are primarily low-wage jobs. Deindustrialization has accounted for the loss of over 3 million jobs due to plant closures. Many electronic, textile, clothing, and shoe industries no longer exist in the US and half of the market on autos and steel is imported as there has been a real inability for American industries to compete in world markets. It is the breakdown and dismantling of the economy, the once powerful employment machine and the disappearance of middle class jobs. The government insists that the outsourcing of jobs to still be an economic efficiency that works to Americas benefit creating more jobs, yet more double talk and think. The reality is that higher-wage manufacturing and high tech jobs are being replaced by lower paid domestic service jobs. Corporations that finance both parties are getting rich transferring and outsourcing these jobs to low-wage countries another direct result of globalism.

China now has the sixth largest economy which is growing faster then expected and expanded by 9.5% in 2004. China has now even eclipsed the US as a consumer nation as it takes big steps towards in becoming a world economic and military superpower. The outsourcing of jobs to India has turned one of the world’s poorest countries into the seventh largest economy. American startup firms and exciting companies are taking advantage of tax breaks creating jobs in China and India while US taxpayers subsidize the employment. 1.5 American jobs have been lost to China from 1989-2003. Most jobs lost were in the textile, apparel, furniture, rubber and leather industries but China is also becoming more competitive in technologically advanced sectors like aerospace and auto industries. Many critics argue that the yuan is undervalued making Chinas exports cheaper overseas giving its manufactures an unfair advantage. Its currency is still pegged to the US dollar but they have lost faith and have openly talked about pegging the yuan to the euro or yen. America will not be able to force feed the US dollar to the rest of the world forever. It appears the end of the dollar as the world’s reserve currency is coming near and when this does happen America will cease to be a superpower and will be unable to pay for the imports it has become so dependent on. Since 1990 it has been paying for its imports by giving ownership of its assets to foreigners and in 15 years they have accumulated 3.6 trillion of America’s wealth. The United States will only suffer more as production takes even greater advantage of low cost labor and as more skilled jobs are outsourced to both China and India as they become technological giants. China will assert its influence through excelled economic growth as it is further integrated into the global economy.

Just days after being re-elected Bush renewed his drive for open boarders purposing amnesty to illegal aliens. This would be done by giving permits to work legally for 3 years and longer if the job couldn’t be filled by an American. There are almost 15 million illegal aliens in the US with 69% being Mexican. They are taking away jobs, depressing wages and with 4.1 million legal and illegal entering yearly it will be the continuing destruction of the middle class. They do not re-invest back in the US but send money back to their countries of origin as wire transfers reached $40 billion last year alone. With little surprise Mexican president Vicente Fox favors more open borders by removing all immigration barriers between his country, the United States and Canada. This will broaden and deepen the three economically, politically and militarily. Bush is even pushing forward with a hemisphere wide accord (Pan-American Union) Countries such as Brazil and Venezuela will resist it as many see open and freer economies as unwelcome and destructive to sovereignty. Globalization will lead to more deindustrialization, mass unemployment, ever widening trade deficits which will intern lead to the collapse of the dollar, higher inflation and a lower standard of living.

America is being sold out as the $8.2 trillion debt continues to mount with little or no fanfare its future now rests in the hands of others. The deindustrialization of America and the outsourcing of higher-wage jobs replaced by lower-wage jobs is a quick path to poverty. New reforms to Social Security will only benefit corporations and Wall Street through investments, fund management and transaction fees. During a stop in Nebraska to promote his new plan a lady told Bush that she had 3 jobs which he responded by saying “ uniquely American isn’t it?” None of the fundamental factors that have caused the decline of the dollar have changed. Even two of the richest men in the world Bill Gates and Warren Buffet expect the dollar to extend its three year slide and it could drop as low as 50% against other currencies. China and India are emerging as the new global players, as they both rise to first world status the United States will fall further and further down to second and third world status. By 2020 China’s gross national product will be second only to that of the United States and India will have overtaken most European economies. Of grave concern should also be the real prospect of world taxes, although to be used on some noble causes they will only increase the pressure on the working poor and the dwindling middle class. America is being systematically dismantled, deindustrialized, destroyed and is to become a New World Order colony.

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