We Are in Real Trouble
OPS_admin | Jul 26, 2010 | Comments 0
Frm Senator Ernest F. Hollings:
The trouble with the President and Congress is that there are all imbued with reelection, i.e. the money for reelection.
Now we are in real trouble. We’ve lost the markets for textiles, cameras, radios, TVs, steel, electronics, computers, communications equipment, machine tools, advance technology, robots, steppers, etc. The little that we produce has now been bought up by foreigners. Big Blue, IBM and the Hummer went to China; Westinghouse Nuclear and all of its patents went to Japan; Bell labs and all of its discoveries went to France; Bethlehem Steel to is now Russian; Genentech went to Switzerland. And we can’t prepare for war. Boeing’s fighter planes depend on parts from India and Sikorsky for its helicopter must get its tail motor from Turkey.
We begin a program to stimulate American production and American jobs. But in April President Obama signs a declaration against protectionism at the summit of the big nations. And now The New York Times editorializes “’Buy American’ is a terrible idea.” You would think that having to get a Mexican loan to keep The New York Times going would have sobered them up from their mantra of “free trade” and “protectionism.” Our trouble is most people in the Congress believe The New York Times. Yet Congress is our only hope.
The United States of America began a trade war against the Mother Country’s protectionism. Under the Navigation Act of 1632, England required all production in the colony shipped back to England to be transported in English bottoms. Furthering protectionism, England enacted the Townsend Act with discriminatory tariffs causing the Boston Tea Party, igniting the Revolution. Once we had won our freedom, adopted a Constitution, and adopted a national seal, the first Congress in history, on July 4, 1789, pursuant to Article I, Section 8, of the Constitution, assigning the duty of competing in international trade to Congress, enacted a protectionist tariff on numerous articles. We financed and built the industrial giant, U.S.A., with protectionism. Now, the President, the Congress, the press, and the think tanks, all think that protectionism or “Buy American” is a terrible idea.
Full Story: We Are in Real Trouble | Economy In Crisis.
Filed Under: social issues
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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