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Forum Post: Economic Extortion Right v Austerity Left

Posted 1 month ago on Dec. 7, 2016, 11:53 a.m. EST by agkaiser (1591) from Fredericksburg, TX
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"You load sixteen tons, what do you get Another day older and deeper in debt Saint Peter don't you call me 'cause I can't go I owe my soul to the company store"

from "16 Tons" by Merle Travis, 1946

The deal with Carrier is about huge tax breaks to it and its parent, United Technologies. They're worth much more than the wages of the jobs saved. And several hundred of the jobs will still go to Mexico, with "technological upgrades" to improve "competitiveness" at home.

Worse yet: the precedent will tempt many more companies to pursue such economic blackmail, while making loyal corporations less competitive.

Newt Gingrich already spins it as "economic blackmail*" by the gov't in the interest of America to keep the jobs.

*presumably a 'good kind' of extortion, because Trump is doing it.

Weapons of mass distraction prevail again.

And then the real war against workers, which uses austerity as its weapon of choice, continues to be waged by both parties. This is one thing Demoncats and Repugnicants have agreed on since the mid 1970's.

"... The New Democrats are so eager to attack Trump's 'mountains of debt' that they are about to launch a new offensive against the working class in the New Democrats' long war against the working class via economically and politically illiterate austerity...."

http://www.nakedcapitalism.com/2016/12/bill-black-jobs-jobs-jobs-not-austerity.html

4 Comments

4 Comments


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[-] 3 points by agkaiser (1591) from Fredericksburg, TX 1 month ago

"If you see me comin', better step aside A lotta men didn't, a lotta men died One fist of iron, the other of steel If the right one don't a-get you then the left one will"

from "16 Tons" by Merle Travis, 1946

[-] 1 points by schmoot (74) from Kerrville, TX 1 month ago

Carter and Clinton sold themselves as fiscal conservatives. Obama sold himself as genuinely progressive. I don't think he intended to bait and switch but, as I've heard, "The road to hell is paved with good intentions."

[-] 1 points by grapes (4716) 1 month ago

Carter was a political eunuch. Clinton was an insatiable schlong. Obama was a pee-nut, not from Georgia, and Trump'll be a yuuge orange carrot( 》nicht weich sondern kalt《 ). Squirm across the bed to accommodate him, if he gets in. His tax cuts'll be targeted to the rich, do next to nothing for the rest, and give more shoves later to satisfy austerity. Wrong target'll ruin everything (even with my beloved Mom's great intention to protect me).

Trump's intention is blatantly obvious because he's proposing cutting inheritance taxes. According to Alexis de Tocqueville, who foresaw the rise to greatness of the U.S.A. centuries ago, NON-primogeniture inheritance would be a driving force. Rather than one gigantic fat cell gobbling up all gains of growth, there would be many little ones all sharing the gains and hungering for more. The drive was vastly more powerful in the latter case contributing to increased growth rate over centuries, the eighth wonder of the world due to compounding. Britain was destined to be left behind economically by the U.S. because of its tradition of primogeniture inheritance, akin to sexual reproduction's vastly dominating over asexual reproduction in the Animal Kingdom. Trump's on course to be the bait-and-switcher, fattening up clusters of fat cells here and there, most of all his own.

》Der After 《 will cum: it's written, "My lover thrust his hand through the latch-opening; my heart began to pound for him. I arose to open for my lover, and my hands dripped with myrrh, my fingers with flowing myrrh, on the handles of the lock. I opened for my lover, but my lover had left; he was gone." - Song of Songs(. . . - - - . . .) 5:4-6.

[-] 1 points by flip (7101) 1 month ago

if he did not intend the bait and switch he is dumber than i thought. it was pretty clear from his fund raising who was going to be taken care of. his cabinet made it even more clear - no?