"Americans are a flock of sheep who have turned their pasture over to a pack of wolves"

[SHRED]

Prairie2 with another timely article.

the efficiency of privatization or how to cook lamb

The trade deficit jumped up more than expected in May increasing by a full 5% and this signals a lack of real recovery in the US economy. The trade deficit should have eased with the drop in the price of oil and the opposite trend dovetails with the lack of job creation to indicate that economy is headed for the double dip at full speed.

Corporations are flush with cash having a cool trillion laying around with nothing to spend it on but they have little incentive to invest. “See, Obama is keeping jobs from being created because he is anti-business”. While it’s true the multi-national companies can pump unlimited pollution into the air and water in third world countries and pay slave wages, (you know Libertarian paradise), these countries don‘t have much market for goods either so the goods come to the US and create a trade deficit.Europe’s standards for pollution are much stricter than in US and the pay and benefits for workers are much better and yet their manufacturing hasn’t disappeared.

Contrary to the propaganda coming from the right neither the Obama Administration nor the US in general is hostile to business, nor is it true they are being taxed to death (remember they aren‘t short of cash and CEO pay isn‘t suffering either). The right likes to claim there is a “high” corporate tax rate in the US but of the forty industrialized countries, the United States collects the least corporate taxes and in fact 2/3 of corporations operating in the US pay zero taxes. The corporations share of Federal tax collections have gone from 45% in the fifties to down around 6% today.

Many corporations also gain windfalls from various levels of government for “creating” jobs (government doesn’t create jobs you know) or they get money for things like oil “depletion” (where we pay them for having used up our resources) and that makes corporations negative tax payers, but don’t call this “welfare”, that’s what poor people get.

CONTINUED:
http://www.prairie2.com/2010/07/efficiency-of-privatization-or-how-to.html

[FreakinDJ]

1. Great analogy

But we didn't turn it over

- they paid off our lawmakers in order to steal it legally