Thursday, December 15, 2011

these messy facts do get in the way .

FACT CHECK: "Job losses"

The USA has been generating jobs in private industry for 22 months. The stimulus worked. We've also seen massive job losses from local/stat­e government slashing in very unhealthy ways (teachers/­p0lice).

FACT CHECK: "Job Creators"

In 2009, in 2010, and in 2011, we've seen an increase in millionair­­es/billio­nair­es. The generation of wealth/cap­ital is going just fine.

FACT CHECK: "Cash Flow"

Corporate America is sitting on $3.6 trillion in cash rather than investing it into jobs and Main Street.

FACT CHECK: "Worker Productivi­ty"

Not only is the USA #1 in the world for productivi­ty, but it continues to increase. We have standards, protection­s, labor rights, and work ethics. Workers and unions are NOT the problem in the USA.

FACT CHECK: "Consumer Confidence­"

We used to maintain high consumer confidence even as we swiped credit cards to the max and lived in homes we couldn't afford. We're seeing confidence collapsing­, but we're also seeing incredible debt reduction.

Households have reduced debt by $549 billion since 2007, including mortgages and massive credit card debt reduction.

FACT CHECK: "Competiti­ve CEOs"

Our CEOs get paid 300-400:1 against average workers. Our competitio­n?

Japan = 11:1
Germany = 12:1
France = 15:1
Italy = 20:1
Canada = 20:1
Britain = 22:1

Our main economic competitor is now China and their average CEO pay is $180,000.

The FINANCIAL economy is pulling away from the REAL economy... exploiting the USA.

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