Baron Von PWN wrote:[
2. So it is, I forget how time passes. I said Clinton as that's all I know about the period. Clinton was president and surpluses were posted, I don't know the political goings on which led to the surpluses being posted so I really can't say how they came about, whether it was due to the president, congress or some other entity.
This part is critical and the fact that memories are so very, very short is part of the problem.
Why did Clinton post surpluses? Largely, because we were still able to ride the tide of the dot.com booms. That and real estate was still rising.. for a crash later. Then he made concessions to the Repubs that allowed passage of a bill, though we did have a shutdown first. (government shut down, not default-- I think a lot of people, not necessarily you, confuse those)
The result? The result was partially seen today. Had they realy cinched up on the banking industry back with the first S & L crisis, had there been more done early about real estate.. had they even kept up or strengthened environmental rules, then we would not have quite this mess. I think a lot of it was inevitable, regardless of the above, because it has to do with changing resources and emerging economies.
Bush then very much added to the above. I suspect he would have been ousted were it not for 9-11. People forget that, too. Instead, he decided he got a "mandate" Sure he did.. he got a mandate from corporate America to appease them even further and that he really did not need to pay attention to real America because they would just listen to the latest media blitz and little else. In the meantime, he packed the Supreme court (note the nice diversions to abortion and such at he hearings?)... etc.
The real bottom line is that we are in trouble because corporate America is in trouble. BUT, the reason they are in trouble is because they look short term instead of long term. Even their "long term" is just 5 years. China, I can gaurantee has a LOT longer memory than that!
So, we allow companies to "decide" that is OK to not protect the safety of workers on an oil rig, that is OK to drill... no matter that no one has the capability to even clean up any resulting damage, never mind begin to pay for it. We "decide" that we have to bail out banks, but then somehow simply "cannot" hold the heads of those banks at all personnally responsible for their decisions. Not stupid decisions, but greedy decisions.. decisions based on working for a corporation that solely rewards and punishes based on short-term gains, and pretty much is designed to ignore damage that results. We "decide" that suddenly just being able to go to the doctor is somehow a "luxury" for people who have real money and not something that working america really needs or deserves. We "decide" that we can target illegal employees because they will take jobs that others won't, and yet give almost a pass to employers who hire them. (and you betcha we are happy to take the discounts that result!). We also allow companies to just relocate with no penalty at all.. in fact, again, are quite happy to take the pennies less on various products, needed and unneeded they might sell. We might "protest", but the system is very much set up so that that protest is not heard. Worse, those companies often get nice tax benefits for the "priviliage" of firing hundreds, even thousands, of people.
the answer? The answer is to make companies act responsibly. Make them pay for pollution themselves, pay real employee wages ( not fiction that pretends a person can survive today in the US on $8 an hour without any help), give bonuses only for TRUE profits and pay taxes on the same.. but only the same. No preferential treatment for "certain industries" except where supplement truly is needed to ensure we have a reasonable production base in this country at all time. These limited supplements would be for critical industries only.. and tied so that when and if the industry grows or the need is no longer critical, (for example, if ceramics replace steel, then steel is no longer needed) the supplements are automatically removed, with no lobbying potential. (the rates are directly set to real data points set ahead of time and not reversable).
Implement those and we will see some "crashing", some failures. For that reason, they may have to be installed in graduated fashion. However, the result will be honest reconing, and that is what we need above all else. This corporate structure is a festering wound that needs lancing. I just hope we can catch it before it infects the entire world.. or even just our country.