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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFrom 2011: "Top ‘U.S.’ Corporations Outsourced More Than 2.4 Million American Jobs..."
"...Over the Last Decade."
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The Wall Street Journal reports today that Corporate America certainly isnt doing its part to help bring America out of its economic malaise. The paper surveyed employment data by some of the nations largest corporations General Electric, Caterpillar, Microsoft, Wal-Mart, Chevron, Cisco, Intel, Stanley Works, Merck, United Technologies, and Oracle and found that they cut their workforces by 2.9 million people over the last decade while hiring 2.4 million people overseas.
http://thinkprogress.org/economy/2011/04/19/159555/us-corporations-outsourced-americans/?mobile=nc
They are not "job creators;" they are "job destroyers."
Huey P. Long
(1,932 posts)Posted on July 8, 2012 by WashingtonsBlog
Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers
Nobel prize winning economist Joe Stiglitz and many other experts have said nothing will change unless dishonest bankers are jailed.
Former trader Max Keiser has been calling for years for crooked bankers to be hanged, to send a message that crime wont be tolerated.
But Nouriel Roubini is a lot more mainstream than Keiser or even Stiglitz being very close to Treasury Secretary Tim Geithner. See this and this.
Roubini told Bloomberg that nothing has changed since the start of the financial crisis, and we might need to throw bankers in jail or hang them in the streets before theyll change:
Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.
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I noted 7 years ago:
I am NOT calling for the overthrow of the government. In fact, I am calling for the reinstatement of our government. I am calling for an end to lawless dictatorship and a return to the rule of law. Rather than trying to subvert the constitution, I am calling for its enforcement.
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The best way to avoid all types of revolution would be for the government to start following the rule of law. I passionately hope it will do so.
The fact that even mainstream economists like Roubini are talking about hanging bankers shows that this is the last chance for the justice system the only thing which stands between criminals on Wall Street and pitchforks to work.
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http://www.washingtonsblog.com/2012/07/mainstream-economist-we-might-need-to-hang-some-bankers-to-stop-illegal-behavior.html
Blanks
(4,835 posts)Adjusted for inflation of course, but if over paid executives do not benefit financially (because it is taxed at 91% over a certain amount) when they ship jobs overseas; they won't bother. If they do anyway; at least the government will have the funds to create jobs at home, or at least take care of the people who the blood suckers/job creators are leaving behind.
Zalatix
(8,994 posts)Don't they usually show up to tell us how discriminating against American workers is necessary to make the third world richer?
Initech
(100,080 posts)midnight
(26,624 posts)in his 60 min. interview last year. http://www.cbsnews.com/video/watch/?id=7384062n