Although it is impossible for me to post here on a regular basis, I am compelled to write about the failure of the job stimulus bill that was recently voted on and rejected by the Senate and the free trade act with South Korea that sailed right through congress.
With all of the media coverage about the failed job stimulus bill and the Wall Street occupation, the media somehow forgot to cover the free trade agreement with South Korea that was just approved by congress. No one was on TV debating this issue, how disgusting.
Let me tell you something about South Korea, with this free trade agreement the United States will be importing tons of stuff from Korea, but the Koreans will probably import next to nothing of American goods. The Korean government will tell its people to only buy Korean made goods and don't touch American made products. In his book, "Bad Samaritans: The Myth of Free Trade and The Secret History of Capitalism" Korean-born economist Ha-Joon Chang illustrates how South Korea pumped up its economy by forcing its people to buy only Korean made products and nothing else. They did before and they most certainly will do it again. They couldn't care less about the collapse of the United States economy. They will flood our markets with tons of cheaper Korean made goods and they will not want to buy any American products in return.
I will be surprised if the Koreans will buy even one American car. But you are going be kissing even more manufacturing jobs good-bye, if there are any left in the United States to say good-bye to. And then this is only the beginning. South Korea is the starter county for free trade with all of Asia which will pretty much spell the economic end of the middle class as we know it. You think unemployment is bad now, just wait...
And while all of this is going on President Obama couldn't get much needed jobs stimulus bill passed because it increases taxes on the wealthy. Shame on the two democrats that voted against this bill. I hope they loose their Senate seats, of course the monsters who replace them will not be any better.
I just saw another article from npr that said that the Senate doesn't want to pass this bill because over 50 percent of them are millionaires themselves, and I believe that close to 100 percent of them have nothing approaching a conscience.
Congresses actions are just throwing gasoline on the economic collapse fire. This is why we so desperately need clean elections. Elections that are state run, where candidates cannot take money from outside sources for their campaigns. Everything is paid for by the state and everyone is given an equal shot to be elected.
Regardless of what your social studies teacher told you, the United States is not a democracy, it is a plutocracy, and these recent congressional actions prove it.
