One of the biggest arguments against financial reform, and specifically reining in the derivative and credit default swap arenas --I can't bring myself to call them industries, as if they create something real -- was that those jobs would go over seas and to foreign companies. Now we hear
that we can't impose a moratorium on offshore oil drilling because THOSE jobs will go overseas and to foreign companies.
Where were these "protect American jobs" arguments when the cash for clunkers bill was passed? Where were they when the stimulus bill was passed? Why no "Buy American" clauses? Where are they in the California Senate race where the same Carly Fiorina who outsourced Hewlitt Packard and ran it into the ground before being fired with a golden parachute gets a free pass for being a total phony? (more on her later when the videos of her soft hands handling by David Gregory on Meet the Press come out)*
Fallacy No 1: Foreign companies? Foreign companies already ARE involved in our economy here. The London office of AIG was at the center of the credit default swap shit storm. And the oil company fucking up OUR coastline with their fucked up well on OUR continental shelf is BP: BRITISH Petroleum.
Fallacy No 2: Go overseas? In many cases these jobs/companies are already overseas and the companies are bringing their buttfuckerous practices over here. Do we really want to create or maintain a safe haven for those who have destroyed the foundations of the world's economies?
So what's any of this have to do with the Japanese? In their traditional caste system, the Japanese placed merchants and business people BELOW skilled craftsmen, farmers and fishermen, and above only the Eta, which if memory serves meant "much dirt." They were one cut above the outcasts of society because they were viewed as leeches, making their money off of other peoples' labor. Hmmm... like a hedge fund manager..? Who in this country is entitled to pay taxes on his INCOME" at the lower capitol gains rate, even though he's not making money off of his own money, but the money of others.
Regardless of the evils inherent in any caste system, for whatever reason we in America, or the ruling class that's come to be, have turned the idea on its head placing merchants in the place of the Samurai who, regardless of the evils their privilege allowed them, were the ones who defended the country. We have created huge numbers of unemployed, homeless and destitute for populating our own warrior class.
Of course the prime movers and shakers behind these notions and policies? Three guesses and the first two don't count.. The BeePeeblicans and their allies, Bill Clinton and the corporate whore democrats. This is the wet dream of the free marketeers: Cross-border, International corporations that can't be touched without pitting one nation against another. Too big to fail and (as came out on the Norman Goldman Show last Friday) too big to jail.
For the love of god and whatever else keeps your boat afloat, stop swallowing their Bull Shit. It's not the fudge they tell you it is.
*Why wait. From the archives of Scholars and Rogues:
By the way, all that bitchin’ great stuff that Carly Fiorina has done (vaguely alluded to right there at the end of the Fellini Faillini epic)? Best we can tell they have to be referring to her memorable stint as CEO of HP. How’d that go, you ask?This is the same twit who just proclaimed that this election is all about jobs. Would that be creating them? Sustaining them? Sending them overseas?
“When Fiorina became CEO in July, 1999, HP’s stock price was $52 per share, and when she left 5 years later in February, 2005, it was $21 per share—a loss of over 60% of the stock’s value. During this same time period, HP competitor Dell’s stock price increased from $37 to $40 per share.”
All of which led the folks at Portfolio to name her the 19th worst CEO of all time.
A consummate self-promoter, Fiorina was busy pontificating on the lecture circuit and posing for magazine covers while her company floundered. She paid herself handsome bonuses and perks while laying off thousands of employees to cut costs. The merger Fiorina orchestrated with Compaq in 2002 was widely seen as a failure. She was ousted in 2005.
I guess they don’t call her “Carly Failorina” for nothing, huh?
So what could possibly be worse than a Palin-Bachman ticket for 2012 (or should I say administration)? How about a Palin-Fiorina? A quitter and a failure. Of course doing something good, is no longer a requirement for a refuckyoucan nomination. It's a dis-qualifier.