186 online
Most Popular Choices
Share on Facebook 32 Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 9/17/10

Corporate America - The Enemy Within

By       (Page 1 of 4 pages)   1 comment
Message Bud Meyers
Become a Fan
  (1 fan)
Crossposted at Tier Five Times.

How corporate America (financed by big banks) brought down the U.S.A.

General Motors (GM) was not first bailed out by U.S. taxpayers in 2008. GM was first bailed out during World War II - to the tune of $285 billion. Since 1784 to the present, American companies have had long relationships with China - and they have sacrificed American lives (soldiers and domestic workers) and national treasure in pursuit of company profits, and hid behind the ideology of American capitalism.

1941 to 1945 - World War II

U.S.A. backs China

During World War II (1941-1942) President Franklin D. Roosevelt (by either executive order, or an wink and a nod) approved 99 American pilots to be discharged from the U.S. armed services to volunteer as "mercenaries" to fight for the Chinese. America provided these fighter pilots with Curtiss P-40 fighter airplanes and the squad (AVG) was known as the "Flying Tigers." The aircraft were painted with a large shark face on the front. This group of volunteers had been created to help defend China against Japanese imperialism. These American pilots were paid $675 a month (almost $10,000 a month in today's dollars...enough to buy a new Ford sedan at that time). Gregory "Pappy" Boyington was but one of these notable pilots, and was discharged from the AVG in 1942 to return to active duty with the U.S. He went on to command the "Black Sheep" Squadron and was awarded the Medal of Honor.

China opposes Taiwan

At the end of World War II, Japan renounced all claims to sovereignty over its former colonial possession, Taiwan, but did not specify to whom Taiwan should be assigned. This fact and subsequent handling of Taiwan's sovereignty by the Allies of World War II led to the complex and unresolved issues of the legal and political status of Taiwan today. The Republic of China acquired Taiwan from the Empire of Japan as a result of World War II and has has been governed by the Republic of China since 1945. Four years later, the Republic of China lost mainland China in the Chinese Civil War to the Mao Communists (and then became the "People's Republic of China" or PRC), and the original supporters of the Republic of China (America's allies during the war), retreated to the island of Taiwan.

China backs North Korea

In 1945, following the surrender of Japan, American administrators divided the Korean peninsula along the 38th Parallel, with United States troops occupying the southern part and Soviet troops occupying the northern part. By 1948, North Korea became a Communist government, and South Korea became a democratic government. On 27 June 1950, two days after North Korean soldiers invaded South Korea, and three months before the Chinese entered the war, President Truman dispatched the United States Seventh Fleet to the Taiwan Strait, to protect the Nationalist Republic of China (Taiwan) from the People's Republic of China (PRC).

China backs North Vietnam

During World War II, Vietnam was a French colony under Japanese occupation. Soon after Japan surrendered in 1945, the Democratic Republic of Vietnam (DRV) was proclaimed in Hanoi. Ho Chà Minh became head of this government in the north; and France accepted Ho's government in March 1946, but at the same time set up a puppet government for the South in Saigon. Ho led the Viet Minh independence movement from 1941 onward, establishing the communist-governed Democratic Republic of Vietnam in 1945 and defeating the French Union in 1954. The U.S. then entered into and fought a ten year war with North Vietnam (and the Chinese). After 1973 when the last U.S. troops left, and after the Fall of Saigon in 1975, the former capital of South Vietnam was renamed Ho Chà Minh City in his honor.

U.S. Trade Deficit with China

China is able to produce low-cost goods that Americans want. Most economists agree that China's competitive pricing is a result of two factors:

Next Page  1  |  2  |  3  |  4

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Funny 1   Supported 1   Interesting 1  
Rate It | View Ratings

Bud Meyers Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Bud Meyers was born in California and has lived in Massachusetts, Pennsylvania, New York, Germany, Hawaii, and most recently Las Vegas Nevada - where he has lived and worked as a casino bartender since 1989 until 2008 . Besides blogging, Bud also (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Truth about Unemployment Benefits

Corporate America - The Enemy Within

Occupy Wall Street (by Rhonda Taylor)

Will Eliminating Tax Cuts for the Rich Hurt Small Businesses?

A Company of One Verses Big Banks and Corporations

To View Comments or Join the Conversation:

Tell A Friend