Corporate Weasels Add Jobs Overseas
I'm mad as Hell today and it has nothing to do with the weather, my health, finances, or the status of relationships -- all of which are just fine thank-you-very much.
My foul mood has everything to do with a story moved by the AP about how US companies are hiring overseas.
Seems as though Caterpillar International, UPS and a host of other American companies have, and will continue to add, payroll in Germany and elsewhere despite the fact that they are enjoying near-record corporate profits and healthy stock performance. One expert quoted in the article maintains that, if American companies invested in building US payrolls to meet world-wide product market demands, the US unemployment rate could have been reduced to 8.9%!
Here's the Money Quote: "There's a huge difference between what is good for American companies versus what is good for the American economy." So says Robert Scott, senior international economist with the Economic Policy Institute.
Well, now...
If you're one of the millions of Americans who has invested time to learn a trade such as machine-tool, industrial design & drafting, manufacturing & engineering, injection moulding, metals fabrication, assembly, and product distribution: How Do You Like Those Apples?
If you're anything like me, you'd feel betrayed.
Just who are these executives and directors who place corporate profit ahead of their corporate brand and the welfare of America's working men and women? What can they possibly be thinking?
Your answers to these questions are undoubtedly better than mine, but here's the point: America, and the general welfare of Americans, no longer counts for a whit by their way of thinking. Keep in mind that these corporate weasels specifically benefited from recent tax legislation by boo-hooing to anyone who would listen that jobs -- American Jobs! -- would be the end result of extending their tax breaks!
I wonder what a Real American Capitalist-Hero such as Don Davis would have thought about these scoundrels.
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