My, my, my. Today we have a preview of President Obama's State of the Union address. What is most offensive is the claim this administration is trying to help the middle class.
We are being bombarded with these misleading headlines:
- Obama announces initiatives for middle class
- Obama announces economic aid for struggling middle class families
Right. So, guess what policy initiatives are in the speech? Tax cuts.
A doubling of the child care tax credit for families earning under $85,000; a $1.6 billion increase in federal funding for child care programs and a program to cap student loan payments at 10 percent of income above "a basic living allowance."
His initiatives also include expanding tax credits to match retirement savings and increasing aid for families taking care of elderly relatives. That program would also require many employers to provide the option of a workplace-based retirement savings plan.
Are these people shitting me? I'm sorry but we have massive unemployment. What a sorry ass excuse to help for the middle class. U.S. workers need jobs and they need good jobs now. Who cares about tax cuts! When your income is zero, what do tax cuts matter?
What should be in Obama's State of the Union Address?
How about these?
- Demand China float their currency. 83% of the non-oil trade deficit is due to China and their mercentile trade practices. It's pretty obvious too. China's GDP was 10.7% for Q4 2009. China holds the most U.S. treasuries. Meanwhile U.S. manufacturing shrank from about 15% of the economy to 12%.
- Stop Offshore outsourcing all Federal and State contracts. The government can spend $787 billion dollars on Stimulus, but cannot get it together to stop U.S. taxpayer money going offshore and paying for jobs....in other countries. Does that make sense to put American taxpayers even more in debt while their government offshore outsources their job? Nope, it does not and it also violates the laws of Keynesian economics too. On top of it, the U.S. taxpayer is already spending that money, so to bring back those jobs wouldn't cost the taxpayer much, yet could provide much needed jobs across the entire United States
- Stop bringing in foreign guest workers. Here's another no-brainer. Firstly, one must realize the obvious, there is no worker shortage in the United States. We have a glut of PhDs and tech workers unemployment rates are high. Meanwhile we bring in 1.5 million guest workers a year. Does it make sense to enable the displacement of U.S. workers? Obviously not and this is another action that would not cost U.S. taxpayers a dime
- Change the way unemployment benefits are paid out - Instead of only paying when workers are completely fired, offer sliding scale payments so employers can reduce hours (but do not allow them to reduce benefits), similar to how Germany does it. That keeps people in jobs, keeps employers operating and most importantly, does not allow the worker skill set to atrophy. Germany has a much better unemployment insurance system.
- Change corporate governance. Require U.S. corporations to act in the national interest, to align with the national interest and economy. Tie executive compensation with not only the best interests of the corporation, but also the national interest and most importantly, the fate of their own U.S. citizen employees. A first step would be to reform the corporate tax code to remove tax advantages for offshore outsourcing of jobs, advanced R&D, manufacturing. Tie all state, local tax subsidizes to job creation and if the company receiving those tax breaks doesn't deliver on jobs...not only retract those tax breaks, but hit them with a massive punitive tax penalty.
- Tax incentives for training U.S. citizens - like it or not one must tie jobs in America to American workers. Not only making sure all workers are authorized, but also to provide tax incentives to all U.S. citizens, LPR for training and keeping workers on the job. Make it profitable for U.S. corporations to invest in the U.S. labor force.
- Enact real Keynesian Stimulus. The AAM had the best plan to create U.S. jobs and get long term public investments for future economic growth in the United States. The AAM makes a point to keep all government expenditures tied to U.S. goods and to U.S. workers. This is a key requirement of Keynesian stimulative economic theory. One must keep those temporary government expenditures going to U.S. citizens, LPR workers and to U.S. domestic goods, exclusively, unless a good simply cannot be had period within our borders. Otherwise, all one is doing is stimulating the economies of other nations. What has happened to date? Well, a whole lot of U.S. taxpayer money went to green jobs in other nations.
- Create A U.S. worker Venture Capital Group. Give grants, funds to venture capital teams but require the start-up be located in the U.S. and all workers are U.S. citizens, LPR. This ties advanced innovation to the U.S. labor force. There are hundreds of thousands of highly skilled, talented innovators in the United States. What they need is investment, support and some assistance to create the jobs of tomorrow. Tie investment, new ventures to the U.S. work force. There is no shortage of geniuses out there in the U.S. There is a shortage of support for their dreams and talents.
I personally am sick to death of empty rhetoric. Get real government and stop these absurd bought and paid for useless agendas. We know why the U.S. middle class is dying. Do the policy changes to confront precisely those reasons. It seems policy is anything but the areas where Americans have lost jobs and that is due to bad trade deals, labor arbitrage, age discrimination, offshore outsourcing and the general treatment of the U.S. middle class as some sort of commodity, as if U.S. citizens are simply disposable diapers.
I saw the most horrific article in Bloomberg. It discusses the suicides in France due to worsening treatment of workers. What is horrific about the article is those practices sound like a wet dream in comparison to how the U.S. worker is treated! U.S. workers have been subject to such abuses for decades and much, much worse. Does the American press cover the number of deaths and suicides attributed to this economic war on the U.S. worker? No! About the only reference we have is a 5% GDP drop equates to a 10% mortality rate increase.
Yet, politicians will simply not stand up for the U.S. worker, not in a campaign contribution minute. Our government will not confront the very reasons Americans have lost so many jobs and economic prosperity. Trying to spin useless policy as for the middle class, does not make it so. It seems the entire country realizes this....except for the public relations/marketing teams operating in D.C. government. Oh yeah, another thing, stop outsourcing policy formulation to multinational corporations and special interests.