Thanks for your views.
And here are some more views which legitimize my subject of this thread.
Thanks
The US economy continues its slow death before our eyes, but economists, policymakers, and most of the public are blind to the tottering fabled land of opportunity
When US companies offshore their production for US markets, the consequences for the US economy are highly detrimental.
The US now has a trade deficit with every part of the world. In 2006 (the latest annual data), the US had a trade deficit totaling $838,271,000,000.
Now America is a debtor nation. Foreigners own $2.5 trillion more of American assets than Americans own of foreign assets. When foreigners acquire ownership of US assets, they also acquire ownership of the future income streams that the assets produce. More income shifts away from Americans
Americans have increased their consumption by dropping their saving rate to the depression level of 1933 when there was massive unemployment and by spending their home equity and running up credit card .Recently an economist, Susan Houseman, discovered that the reliability of some US economics statistics has been impaired by offshoring. Houseman found that cost reductions achieved by US firms shifting production offshore are being miscounted as GDP growth in the US and that productivity gains achieved by US firms when they move design, research, and development offshore are showing up as increases in US productivity. Obviously, production and productivity that occur abroad are not part of the US domestic economy.
Houseman's discovery rated a Business Week cover story last June 18, [The Real Cost Of Offshoring, by Michael Mandel] but her important discovery seems already to have gone down the memory hole. The economics profession has over-committed itself to the "benefits" of offshoring, globalism, and the non-existent "New Economy." Houseman's discovery is too much of a threat to economists' human capital, corporate research grants, and free market ideoHubris prevents realization that Americans are losing their economic future along with their civil liberties and are on the verge of enserfment.
http://onlinejournal.com/artman/publish/article_2401.shtml
Inequality has run amok. Do leaders care?
http://www.nydailynews.com/opinions/2007/06/27/2007-06-27_inequality_has_run_amok_do_leaders_care_print.html
If This Is Such a Rich Country, Why Are We Getting Squeezed?
The commercial media is telling us two perfectly contradictory stories about the American economy. The first is how wonderfully rich we are in the United States. The stock market's booming -- some analysts predict the Dow will break the 15,000 this year -- the economy is expanding at a healthy clip, productivity growth is up and unemployment and inflation are relatively low.
But, at the same time, we're also told that we don't have the money to pay for a robust social safety net. When it comes to paying for universal health coverage, affording retirement security for our elderly, investing in programs for the poor or educating our children, we need to pinch pennies. According to this story line, we face a looming "entitlement crisis" -- we won't be able to afford to keep the Baby Boomers in good health and out of poverty, we're told, unless we slash their benefits and privatize the programs that their elderly parents enjoy today.
http://www.alternet.org/module/printversion/57180
Is the US Heading for 'Developing Nations' Inequality Levels?
By Paul Harris, The Observer UK
http://www.alternet.org/module/printversion/57727
Given the nation's tottering infrastructure, imperial overreach abroad and vandalized constitutional process by a lawless executive branch, what will it take to scare the general public, mainstream press and political classes into immediate action to bring about meaningful change?
At this twilight hour of the American republic, there must come a paradigm shift of seismic proportions or else the republic will perish. I'm less than optimistic.
http://www.consortiumnews.com/Print/2007/081307a.html
We are the bees. They control our hive.
The Corporate Greedy have been eating us alive for generations. By doing so they worked to provide for those future generations of trust fund brats with no character, morals or clue about the work ethic -- more George W. Bushes, more little Murdochs and Rockefellers. For that purpose they have driven America into bankruptcy, using all of the institutions we paid for and thought were intended to provide security for us, the real Americans, and our families.
This hyperinflation cycle is the corporate beekeepers harvesting the hive. They are now harvesting America, making room for those of us who survive, to produce more. At the same time they are looking at which bees are likely to give them the best return. They intend that the 'useless eaters,' the elderly, the lowest income people, the inconveniently political, die.
After they finish harvesting, America will be a third world country. The North American Union will be in place to act as their conduit for rebuilding on very different lines, smugly expecting us to be grateful for the opportunity to simply survive and serve.
http://onlinejournal.com/artman/publish/article_2453.shtml