Larry Summers: “We should not oppose offshoring"

[paleotn]

95. Obama...Romney....Bush II.....Clinton.....

...from an economic perspective, I see barely a hairs width of difference between them and what differences that do exist are mainly window dressing. Why is there little appreciable difference between them on actual economic policy? Just follow the money.

After they've gutted the American industrial base for cheaper wages, reduced regulation, in the rush for greater corporate profits, they wonder why so many Americans now have little hope of improving their lot in life. Why 4 out of 5 are either in or within a paycheck or two of poverty. Why so many turn to crime, drug abuse; a whole litany of social problems in this country. To a great extent it's because the engine that built the greatest economy the world has ever seen, supported on the shoulders of a vast, vibrant middle class, has been dismantled and shipped off to every foreign shit hole imaginable.

The idea of getting a good, steady job out of high school or college is a pipe dream for many young Americans, maybe most at this point. Those days are long gone, due to supposed smart guys like Larry Summers, who loves him some unfettered, unrestrained outsourcing. Funny how they conveniently ignore the anti-thesis that is Germany and other industrialized nations that rightly believe that one way (supposedly "free&quot trade with mercantilists nations (China, Japan, Taiwan, South Korea, etc.) who have no intention of ever actually following the rules, is economic suicide.

But even when our trading "partners" follow the rules, NAFTA and Mexico for instance, things still don't always work out the way we planned. The flood of cheap, subsidized (Farm Bill) American corn has destroyed Mexican small farm agriculture. So where do former Mexican farmers and their progeny go? Many flood into the US of course, exacerbating our already troubling immigration mess. Or they could join a drug gang. Good money to be made at that, if you live long enough to enjoy it.

But all that's really beside the point. Summers doesn't give a rats rear end about the little people. The real focus of Summers and all those at the top of this post, whether consciously or unconsciously, is to maximize profits for corporate interests and the wealthy few. At least Rethugs like Romeny and Shrub are honest about it. I'll give them that.