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The President of Special Interests

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Senator Grassley is rightly concerned that recession layoffs will shield increased jobs off shoring and use of H-1B workers. On February 13, Pravda reported that “America has begun the initial steps to final outsourcing of its last dominant industry”, oil/gas and oil/gas services.  Pravda reports that “as with other formerly dominant industries, such as light manufacturing, IT, textiles,” recession is “used as the knife to finally do in the workers.”

According to Pravda, “IT is a prime example. The companies used the bust to lay off hundreds of thousands of tech workers around the US and Britain, citing low profits or debt. The public as a whole accepted this, as part of the economic landscape and protests were few, especially with a prospect of the situation turning around.  However, shortly after the turn around in the economy, it became very clear that there would be no turn around in the IT employment industry.  Not only were companies outsourcing everything they could, under the cover of the recession, they had shipped in tens of thousands of H-1B work visaed workers who were paid on the cheap.” 

It is rare to find US Representatives and Senators, such as Grassley, who will take a stand against powerful special interests.  Some do so inadvertently, forgetting that patriotism is no longer a characteristic of the American business elite.  Hoping to stimulate American rather than foreign businesses, the House version of the economic stimulus bill, the American Recovery and Reinvestment Act of 2009, required that funds provided by the bill cannot be used to purchase foreign-made iron, steel, and textiles. 

The Senate provision was more sweeping, mandating that all manufactured goods purchased with stimulus money be American-made.

The U.S. Chamber of Commerce, the National Association of Manufacturers, Caterpillar, General Electric, other transnational corporations, and editorial writers whose newspapers are dependent on corporate advertising set out to defeat the buy American requirement.  As far as these anti-American organizations are concerned, the stimulus bill has nothing to do with American jobs or the American economy.  It only has to do with the special interest appetites that have the political power to rip off the American taxpayers. [see Manufacturing & Technology News, February 4, 2009]

Senator John McCain is their man. “Protectionism”, exclaimed the man the Republicans wanted as president.  McCain said the buying American provisions would cause a second Great Depression.  U.S. Chamber of Commerce President Thomas Donohue said that buying abroad was “economic patriotism.” 

The American economic elite are hiding their treason to the American people behind “free trade.” 

I want to say this as clearly as it can be said.  The off shoring of American jobs is the antithesis of free trade.  Free trade is based on comparative advantage.  Jobs off shoring is an activity in pursuit of lowest factor cost, an activity that David Ricardo, the originator of the free trade theory, described as the betrayal of one's own country in pursuit of “absolute advantage.”

The “free market” shills on the payroll of the U.S. Chamber, NAM, and in economics departments and think tanks that are recipients of grants from transnational corporations are whores aligned with elites who are destroying the American work force.

Obama has appointed to his National Economic Council blatant apologists for the off shoring of American jobs. 

Possibly Obama loves the country that elevated him to its highest office.  But his administration is populated with people whose loyalty does not extend beyond elites to the American people.

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http://www.paulcraigroberts.org/

Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He was awarded the Treasury Department's (more...)
 

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THE PRESIDENT WITH SPECIAL INTERESTS by MARGARET BASET on Thursday, Feb 19, 2009 at 7:31:15 AM
When will the violence begin? by Jeff Leon on Thursday, Feb 19, 2009 at 9:04:49 AM
....already begun by M. Davis on Thursday, Feb 19, 2009 at 11:07:00 AM
...people be damned... by Siv O'Neall on Thursday, Feb 19, 2009 at 10:17:35 AM
Who is REALLY in Control? by JohnLloydScharf on Thursday, Feb 19, 2009 at 11:31:10 AM
get the picture...??? by William Whitten on Thursday, Feb 19, 2009 at 11:35:33 AM
Pelosi is a traitor by Caronome on Thursday, Feb 19, 2009 at 12:12:25 PM
Here's more "Change" you'd BETTER believe in....... by William Whitten on Thursday, Feb 19, 2009 at 12:14:01 PM
Is Paul Kagame Barack Obama's role model? by Mac McKinney on Thursday, Feb 19, 2009 at 1:04:10 PM
role model by William Whitten on Thursday, Feb 19, 2009 at 1:32:24 PM
Cool it, folks by Mark Sashine on Thursday, Feb 19, 2009 at 1:32:11 PM
Lol by William Whitten on Thursday, Feb 19, 2009 at 1:40:42 PM
William by Mark Sashine on Thursday, Feb 19, 2009 at 2:24:10 PM
criminal system by William Whitten on Thursday, Feb 19, 2009 at 2:30:32 PM
Obama, took over a huge problem. by Mel Smith on Thursday, Feb 19, 2009 at 3:32:17 PM
We COULD if we had the WILL! by Bia Winter on Friday, Feb 20, 2009 at 9:17:19 AM
margaret, you radical... by mary sunshine on Thursday, Feb 19, 2009 at 4:47:22 PM
Do the Obama supporters have responsibilities? by coyote on Thursday, Feb 19, 2009 at 4:49:08 PM
Yes, Only a MONTH! by Bia Winter on Friday, Feb 20, 2009 at 9:57:40 AM
Obama is a Communitarianist by William Whitten on Friday, Feb 20, 2009 at 12:32:14 PM
feet to the fire by jersey girl on Thursday, Feb 19, 2009 at 5:25:41 PM
2 Parties- 1 Cesspool by Larry McCombs on Thursday, Feb 19, 2009 at 7:38:37 PM
What's so hard to decipher here. by Patrick Lafferty on Thursday, Feb 19, 2009 at 8:19:17 PM
I'll take my chances with the pirates too by jersey girl on Thursday, Feb 19, 2009 at 9:14:34 PM
I'll take my chances with the pirates too by jersey girl on Thursday, Feb 19, 2009 at 9:15:06 PM
Thank you Mr. Roberts by Oh on Thursday, Feb 19, 2009 at 9:55:13 PM
implementation of Codex Alimentarius by 2011 by jersey girl on Friday, Feb 20, 2009 at 6:12:28 AM
implementation of Codex Alimentarius by 2011 by jersey girl on Friday, Feb 20, 2009 at 6:14:08 AM
BUYING A BOAT ARE WE by MARGARET BASET on Friday, Feb 20, 2009 at 3:39:48 AM
That was a result of by Patrick Lafferty on Friday, Feb 20, 2009 at 11:29:17 AM
FED written by and for the International Bankers by William Whitten on Friday, Feb 20, 2009 at 2:32:19 PM
mark you are making too much sense by E. Nelson on Saturday, Feb 21, 2009 at 8:19:50 AM
The Coalition of American workers by Simple Truth on Saturday, Feb 21, 2009 at 12:02:30 PM
Good stuff here by PCR... by kibitzer2 on Saturday, Feb 21, 2009 at 12:16:08 PM