All the talk about how we got into this economic crisis in the US and the "global economy" still does not address the real root causes of the mess we are in. And the government's solution to the problem we are in does not adequately address the root causes either.
Why are we in the mess we are in? Golden parachutes. CEOs and top executives that have "stolen" millions in income have undermined the companies ability to remain competitive on a global scale. And for these companies to fund the longterm security of greedy executives has finally tapped out theese companies financially across the board.
stagnant pay for workers. With incomes stagnated, and costs of goods rising all around, people cannot spend as they once had been able to. The end result is the typical think first, react later knee-jerk action: as sales decline, businesses cut more jobs to reduce losses. But the real end result is the continuation of the downward spiral.
Here in the US, the concept of rewarding hard working employees has all but disappeared.
The idea of providing fair working wages and rewarding hard productive work is what made this country great. But today's corporate philosophy is this: Greed. Today, corporations and even small operators alike have decided to pay as little as possible and keep the costs at a minimum. Businesses want to make as much money as possible at all costs, and at the same time trimming back employee incentives and perks.
What incentive is there for an employee to be productive and have a positive morale when that person knows full well there is no chance for advancement, let alone better pay? The new corporate strategy: Short term employees at a minimum cost and hiring in new people when they leave or are fired.
The result is this: employees will put out little, if any effort. The quality of the work performed will be sloppy if not unacceptable at best. And the business will never have a quality product or service worth selling or promoting.
The end result is the slow systematic disappearance of the middle class. A strong working middle class is what made this country one of the greatest nations on this planet. Without a strong work ethic and a properly trained work force, what are we? Just another second rate country with two polar opposite classes. A repressed poor class being manhandled by a powerful rich class that can set its own rules and get away with murder in the process.
Look at the disparity in foreign trade. Why is that? Because foreign companies produce goods in an efficient way. Production standards that once made American companies great are now the formula being used overseas.
In time companies that won't keep their workforce happy end up becoming less reliable, less affordable, and less competitive as other companies come in and do it a better way. When the businesses and corporations of America finally wake up and realize that they are being lapped by their foreign counterparts because they provide better products then this nation will once again become a strong leader like it once was.
Plus the rising costs brought on by the energy scam of 2006-08. Racketeering by oil companies, and distributors, led to the fast rise in gas and energy, which led to the rise in goods and pinching budgets of all families. Supply and demand was not the reason for the sudden increase in fuel. Greed on the part of OPEC, taxes and levies at the government level, and manufacturers raising costs on goods to offset operation expenses have contributed to the downturn as well.
Lending when lending was not smart to do so is the reason banks have failed en masse. Liberal policies to loan money to unqualified people so they can be a home owner has resulted in the rash of forclosures and led to the millions in losses at banks everywhere.
Another factor to the decline in the American economy is the selling off of American owned businesses. The foreign companies that have come in and bought up what used to be American owned companies has resulted in more jobs being lost here and redistributed overseas. Lower paying jobs or no jobs at all has reduced spending on items here and contributed to the downward spiral.
The solution isn't just bailing out failed banks and businesses. The solution is holding the line on income amd perks dolled out to executives, improving workers pay, and bringing costs back in line. Plus we as a nation must end our dependence on foreign imports. We as a nation can provide for ourselves, and not rely on other nations. We as a nation have enough people to produce whatever for everyone in this country. We do not need to be a part of a global economy. As a nation, we can do it by returning to the basics and become a strong nation once again.
Becoming reliant on our nation as a whole to live a modest lifestyle, producing goods at home, and not expecting the government to come to our rescue in times of need will be the only way we can overcome this crisis.
--W. L.Comments? Write
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