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Forum Post: No more Corporate & Rich Coddling!

Posted 12 years ago on Oct. 6, 2011, 5:45 p.m. EST by IonU (4) from Stratford, CA
This content is user submitted and not an official statement

!! Our government continues to provide tax breaks and loopholes to the wealthiest and to the powerful corporations. The U.S. Government continues to reward companies that move U.S. manufacturing jobs overseas through loopholes in the Tax Code known as deferral and foreign source income. Stop the outsourcing of jobs so maybe we can rebuild our manufacturing sector. Unless the people in huge numbers tell our elected officials, enough is enough, I am afraid that what will happen is the President will yield once again and the wealthy and the powerful will laugh all the way to the bank, while the hard working people will face devastation. Make it very clear that we will not be conned., again by our leaders in Washington. There’s an overwhelming majority of people who believe that deficit reduction must be based on shared sacrifice, that the wealthy and the powerful and the large corporations cannot continue to get everything they want while we wage a cruel and unprecedented attack on the most vulnerable people in this country. It is time for the millions who have already lost their jobs, their homes, their life savings, to speak out and have their voices heard. Like Warren Buffet said the millionaires, have never had it so good, and it’s time to stop. The wealthiest people in our country and the largest corporations should be asked to pay their fair share as part of deficit reduction, the middle-class and working families have already sacrificed enough.

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[-] 3 points by ThirdParty2012 (52) 12 years ago

Totally agreed !!! my earlier post:

What are we really upset about? The common thread is that we all feel sold out. We were. Neither party represents us as Americans, instead choosing to divide and conquer us all to garnish enough votes to control the masses. It's a tool called pandering. Who sold us out? Both Wall St. and Washington. One helps the other.. example...

China enjoys favored trade status with the US, thanks to both Dems and Repubs, while the Chinese manipulate currency values to keep their goods cheap.. uses slave prison labor... engage in unparalleled industrial espionage to steal intellectual property.. don't honor patents or trademarks.. in turn flooding our markets with cheap goods that we could never make here profitably. All while our politicians stand by and let it happen and while Wall St. ships the jobs overseas.. lowers their costs and they pocket the difference... and anyone who thinks the savings gets passed on to the consumer is gravely mistaken. China has this country by the throat, with Wall St. and Washington as their collaborators.

Why do they let this happen? Because there are too many profits at stake for Wall St.... and our politicians have sold too much of our debt to China to keep the gravy train rolling..