I can see that spending money on the poor is a problematic plan, insofar
that it will not generate a lot of new jobs.
However the idea that spending money on the rich will fix everything is
also flawed insofar that they tend to ship jobs overseas to maximise
profits.
The core problem is that reasonably well paying, low skilled
manufacturing jobs are not there to employ the poor, so they have to be
supported with hand outs etc.
Obviously we are all to blame, we wanna buy the cheap stuff. For
instance the local car makers here are struggling to compete against
imports, you can buy a new VW golf for round about 20k or a Suzuki for
12k if you really wanna cheap out. Opel (German version of GM) has just
entered the Oz market
http://www.opel-australia.com.au/vehicles/opel-range.html and Holden are
less than happy about this, as they used to sell rebadged Opels.
Basically we can blame rampant capitalism for all our problems.
Shareholders want big fat dividends and don't care how they are achieved.
For example what do you think would happen if the Apple board announced
that they intend to move production of their iWhatever back to the
States, with a resulting drop in profits due to higher manufacturing
costs? More than likely they would get the sack for fiscal irresponsibility.
They can bleat on long as they like about made in America and jobs for
Americans but will it wash with the shareholders?
Anyway enough ranting from me.
Hendrik
who is sending this from his cheap Asian manufactured computer
On 08/11/12 01:01, Scott and Gwen Ritchey wrote:
"When the people find that they can vote themselves money, that will herald
the end of the republic." - Benjamin Franklin
"A democracy is always temporary in nature; it simply cannot exist as a
permanent form of government. A democracy will continue to exist up until
the time that voters discover that they can vote themselves generous gifts
from the public treasury. From that moment on, the majority always votes
for the candidates who promise the most benefits from the public treasury,
with the result that every democracy will finally collapse due to loose
fiscal policy, which is always followed by a dictatorship" - Alexander
Tytler 1787
"The American Republic will endure, until politicians realize they can bribe
the people with their own money." - Alexis de Tocqueville (1805-1859)
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