The answer is simple; Republicons don’t have a problem with destroying the economy by using legislation to redistribute income from working people to the rich. Plenty of Democrats want to do this too, but it’s more of a universal goal among Republicans. This process of redistribution, which was assisted quite a bit by President Bill Clinton (i.e. Slick Willie), weakens demand by taking money from the 99 percent and handing it out as welfare to the parasites of the one percent. When demand is weakened, job creation is slack or nonexistent because there isn’t enough demand for employers to hire people. Businesses might even be compelled to lay people off or simply reduce their wages because of slack demand.
When your government ships jobs overseas, the result is reduced demand, lost job opportunities, and a weakened tax base which leads to cuts in social programs, parks, police and teachers. However, when jobs are shipped overseas, the difference between the old wages here and the new lower wages there goes into the pockets of the rich via higher profits, CEO compensation, dividends and rising share prices. Trade treaties, obviously, trade your income to the rich and you get nothing in return except for that declining tax base.
The Republicans controlled the federal government by themselves most of the last decade and created a gigantic mess. It was so bad Time magazine called it the “lost decade.” The title isn’t quite correct. It should’ve been called the “lost decade for the 99 percent,” because the 1 percent made off like bandits, thanks to their theives in congress, the white house and the Koch brothers wing of the Supremely Corrupt Court stealing from the rest of us.
According to a new study from the Economic Policy Institute, the wages of entry-level workers sucked big time during the “Lost decade” beginning when Bush too office. That isn’t a coincidence. Let’s blame the Republicans and Bush, but we can’t forget that Slick Willie played a huge roll in this; think Nafta and that great sucking sound down South. On the other hand, maybe Slick Willie doesn’t deserve to be completely joined with Bush at the hip of responsibility since young workers experienced wage growth during his last five years in office.
Now we’re facing another lost decade as Obama pretends to be cleaning up Bush’s mess, and he is somewhat, while continuing to redistribute income from working Americans to the parasites of the one percent. How can anybody take this guy seriously as a job creator since he consigned nearly a million Americans to the unemployment rolls when he signed the South Korea Free Trade Income Redistribution Scam Agreement last autumn, which the vast majority of Americans opposed.
Anyway, click on the link below to see the study by the Economic Policy Institute.