Wednesday, April 20, 2011

Jobs, North America's major export

The New Corporate World Order, Robert Scheer, Truthdig
"The debate over Republicans’ insistence on continued tax breaks for the superrich and the corporations they run should come to a screeching halt with the report in Tuesday’s Wall Street Journal headlined “Big U.S. Firms Shift Hiring Abroad.” Those tax breaks over the past decade, leaving some corporations such as General Electric to pay no taxes at all, were supposed to lead to job creation, but just the opposite has occurred. As the WSJ put it, the multinational companies “cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show.”

 "General Electric, which was bailed out by taxpayers and which stored so much of its profit abroad that it paid no taxes for the past two years, was forced to tighten up, but while cutting its foreign workforce by 1,000 it cut a far more severe 28,000 in the United States. . ."
Continue reading Robert Scheer at Truthdig or read more of Northern Insights about General Electric in British Columbia.
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1 comment:

  1. This is also Harper's agenda. The Global Governance he delivered his speech on, is the road we are on. The giant, wealthy corporations are calling all the shots. They get billions of out tax dollars. They get huge tax reductions. Harper rips the Canadian people off, to give to big business

    What can we purchase, that isn't made in China?. Harper works very closely with China. We know China bought a huge chunk, of the Alberta dirty tar sands. Campbell signed in favor of, the dirty oil tankers and the Enbridge pipeline, before he left. This will be forced upon us, like it or not. Harper and Campbell are working to drill gas and oil wells off BC's coast. The 6.1 earthquake in the Queen Charlotte's, they could care less about. They have not one lick of concern, for our eco system. The back door was also left open by Harper, regarding the, expansion of Prosperity Mine, the expansion can be reapplied for.

    We have also seen the damage, the run of the rivers is causing, to the eco system. We know, the C dam, is for the dirty tar sands. The loss of the most valuable farmland, is also of no concern. The destruction of the farmland, in the Vancouver area, is totally disgraceful.

    No matter where we look. Corruption and greed governs.

    ReplyDelete

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