Sunday, December 5, 2010

Our political system is flawed and no longer benefits Americans

I urgently suggest that you meet with your friends, neighbors and congressional representatives to discuss this article. It is obvious that we cannot continue like this. Ask your representatives what he or she can do about it.

Our political system is flawed and no longer benefits Americans. It is to a great degree directed by lobbyists hired and paid for by special and foreign interests for their benefit – not ours.

Most of the lobbies include ex-elected and appointed government officials at the highest levels with intimate knowledge of what it takes to have legislation passed for the benefit of their sponsors, who may pay them up to 20 times or more as lobbyists than they earned as government employees. * You can presume your representatives are not representing you at all when you observe what is happening to us – when you see what your representatives are allowing foreign countries to do to us.

One may wonder how the US has descended in so short a time from being a wealthy and productive nation to one now having the profile of a third-world country – forced to live on imports, ever increasing debt and liquidating our best companies to foreign ownership.

A few of the reasons for our rapid industrial decline:
1. It is a lack of restrictions on imports (as practiced by other counties) that is totally putting many of our companies out of business and causing the wholesale liquidation of our best companies to foreign ownership. No other country would allow this to happen to them.

2.Our government and its leaders have developed no industrial policies (like most foreign countries do) to protect American owned companies or to be more instrumental in developing and creating more productive industries in our own country.

3. All of our companies are for sale on the open stock market. We have sold 16,613 of our best companies to foreign interest in the last 30 years. We no longer have enough of our own companies to support ourselves and must rely on imports.

Japanese companies may be listed on their stock market but they are almost never sold out of Japanese ownership. Most Japanese companies are funded by banks – not through their stock market. They borrow money from their own people at about (6/10 of 1 %) through their banks.
When was the last time anyone has ever seen a Japanese company like Sony, Hitachi, Panasonic, Toshiba, Toyota, Honda, or any Japanese company sold to a foreigner? They are too smart to allow that.

Read more at Economy in Crisis

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