Elaine Meinel Supkis
Unfortunately, you’d barely know that from the presidential debates. Watching them in the context of the meltdown of the financial system was like watching a game show where the two contestants were kept off-stage in a soundproof booth and brought out to address the audience without knowing the context. Since the last debate, John McCain and Barack Obama have unveiled broad ideas about how to restore the nation’s financial health. But they continue to suggest that this will be largely pain-free. McCain says giving everyone a tax cut will save the day; Obama tells us only the rich will have to pay to help us out of this hole. Neither is true.
We are all going to have to pay, because this meltdown comes in the context of what has been “perhaps the greatest wealth transfer since the Bolshevik Revolution in Russia in 1917,” says Michael Mandelbaum, author of “Democracy’s Good Name.” “It is not a wealth transfer from rich to poor that the Bush administration will be remembered for. It is a wealth transfer from the future to the present.”
My, having a secure job that won't be outsourced certainly is fun. One can happily poke a hot poker into the ribs of fellow Americans while utterly protected. The cold blooded antipatriotism of writers like Friedman astonishes me. Do the owners of the NYT view our country this way? One wonders and one suspects. Seems many in Congress think this way, too. Certainly, most of our business owners are like this. They hate America. JUNE 24, 2005
I will spare you all the horror of reading anymore of this tripe. This wealthy, pampered pet of the ruling class, sub group, pro-fascist Israel, thinks a 35 hr week and welfare benefits are silly Frenchie things, non? I would love to park this guy in a mud hut somewhere like in the middle of Gaza and let him fend for himself but this will not happen. So this lapdog doth yap at us mere chattel for wanting simple protections so we won't all end up in mud huts, too.
This was my reaction to a classic Friedman editorial demanding Congress not even slightly restrict imports! He is one of the many-headed Beast of Babylon that has destroyed our nation. He is probably one of the top enablers for globalization. He is focused on one thing: destroying all our protections so we cannot stop a flood of imports. Japan and China control imports! Europe does, too, via domestic consumption taxes.
So many people trust this con artist. Why are we 'a country in debt and in decline' in the first place? Before 'free trade' took over, we had no trade deficit. As I showed clearly in this week's articles detailing past Federal Reserve speeches, the US decided to cope with suppressing inflation by the neat trick of devaluing the currency abroad while simultaneously opening up the US to 'foreign competition' that was designed to force prices downwards via dropping union wages. To clinch the deal, the US media had to herd the voters into backing anti-unionist Ronald Reagan who cheerfully destroyed the right to strike. Now, strike breakers can replace striking workers permanently so no one dares to really strike anymore. Unions have had severely declining membership since Ronald Reagan's rule and now are utterly vanishing as the Old Guard are bought out with bribes and replaced with non-unionized, weaker workers who have far less pricing power and much, much lower wages and virtually no benefits.
Namely, the workers ate inflation. Free trade benefited Asia and Europe. Both saw huge trade surpluses with the US. Both saw their important industries grow massively. Both saw their sovereign wealth increase. Meanwhile, the US had little inflation but rising debts, loss of good industrial jobs, and the de-industrialization of this nation. If WWII were looming, we would have to surrender to Japan since we can't manufacture much of anything to keep ourselves going. We can make weapons but what if we have virtually no steel mills? Most of our ball bearings, fasteners and other vital things are made in Japan, China and Germany! The materials that make the wings of our fancy jets so fancy are made in Japan, not the US.
Friedman encouraged and enabled all this. For years and years, this Zionist who dreams of making Israel super-strong made America super-weak. We have to talk about this business because when we see treason, we have to answer the question, 'Which nation does this guy really work for, anyway?' Suspicions have to be aired. Of course, if anyone does this, they get censored or shoved aside in the US. We are not supposed to ask this vital question. When writers consistently push for things that destroy America, we must explore the question, 'Why?'
Some time ago, I showed that Israel, Friedman's home away from home, has enjoyed an international trade surplus. This is due nearly entirely because the US has a huge trade deficit with Israel. On top of paying for Israel's military, all peace initiatives and other hand outs. Israel is by far and away, the #1 recipient of US public largess. Friedman never complains about all this. He is very jolly well overjoyed about this. This is for him, good news, not bad news.
Here is another old story I wrote:
A major money market fund — Reserve Primary — failed in September because the extra interest it offered customers derived, in part, from the $785 million in high-yielding Lehman Brothers commercial paper and notes it was holding. Depositors who told their congressmen to just let that greedy Lehman Brothers fail were shocked to discover this meant that their own money market would be frozen. No, we don’t need a president defending greed on Wall Street, but we do need one who can explain that we are all in the same boat, that a leak at one end can sink everyone and that while we must regulate, we don’t want to kill risk-taking and the rewards that go with that — which are essential to growing our economy.
Is our economy expanding? Friedman, this last week, said he wanted Toyota to take over our entire auto industry. Because it is collapsing. I suppose next week, he will call for China to take over everything else...oops, they are. If we are "expanding," I see no sign of this. For the last thirty years, hiring in the manufacturing sector has collapsed. At first, they pretended this was due to automation. But we don't see lots of robot run factories being built, are we?
So who are the brilliant minds that will be called to talk about all this? Friedman? Kristof? A Bush person? I can't wait to see which liars or fools are called forth here.
Third, we need a president who can rally the world to our side. We cannot get out of this crisis unless China starts consuming more and unless Europe keeps lowering interest rates. Everyone is interconnected, and everyone is still looking to America to lead.
Friedman: 'After six weeks of being a foreign correspondent traveling around America, the biggest question I have come home with is not "What's the matter with Kansas?" but rather, "What's the matter with big business?"'
Earth to Friedman: nothing is the matter with big business. They are doing hunky dory.
No more taxes, no more regulation, no one stopping them from becoming agents for China. As this blog has written about in the past, the magazine, Fortune 500 had jet loads of these MIA execs flying into China to wine and dine and cut deals. They are very much in evidence...overseas. They are busy selling off factories here and shipping them off to communist China. Duh.
Friedman at the NYT yet again:'"America faces a huge set of challenges if it is going to retain its competitive edge. As a nation, we have a mounting education deficit, energy deficit, budget deficit, health care deficit and ambition deficit. The administration is in denial on this, and Congress is off on Mars. And yet, when I look around for the group that has both the power and interest in seeing America remain globally focused and competitive - America's business leaders - they seem to be missing in action. I am not worried about the rise of the cultural conservatives. I am worried about the disappearance of an internationalist, pro-American business elite."'
Why can't Friedman find these people? I track them daily, easily. He can too, if he can't, he can read this free blog! Friedman wants to know why General Motors isn't for universal health insurance.
Taxes. This means they pay Federal taxes and they and their buddies want to kill Federal taxes. They want to kill the unions. Using the health insurance issue as a club to smash in the heads of the unions is well worth it. They have zero interest in a good health policy for all Americans. They hate this concept. They think all other industrial nations are nuts to have this, they want communism like the Chinese have. Ahem.
Poor flat earther Friedman wonders why these corporate monsters don't want a sane energy policy. Well, they won't make money on this, to build a new infrastructure will require investing in America and take away money building factories in China. So it is dead in the water. When the Chinese sell us energy systems, and they will, they are very interested in this stuff, we will buy from them. Why invest at home?