Wall Street does not create jobs in the USA.<quoted text>Corporations are the backbone of this nation. Would you you prefer to go back to the hunter-gatherer existance.
They are not the back bone.
The Middle Class and Working Poor are the real Americans.
They're All Against Jobs
by Sen. Fritz Hollings / December 20, 2009 / http://tinyurl.com/ydr27ze
Who is against jobs in the United States? The big banks, Wall Street, the Council on Foreign Relations, the Business Roundtable, the United States Chamber of Commerce, the National Retail Federation, Corporate America, the President of the United States, Congress of the United States. Everyone is crying for jobs, but no one seems to understand why there aren't any. And the reason for those opposing jobs is money.
Beginning in 1973, big banks made most of their profit outside of the United States. Industries off-shoring, investing, banks financing the investments, transfer fees, fees and interest on the loans made for bigger profits. Long since, the big banks under the leadership of David Rockefeller have led the way to off-shore and make a bigger profit. Goldman Sachs, AIG, Citicorp and Wall Street, conspiring for a bailout and now using it for bonuses, make more money from the off-shored operations.
Agent of Change
by Ralph Nader / http://tinyurl.com/y8hhdtt
First, the President has been openly for single payer health insurance (full Medicare for all with free choice of physician and hospital) since before he became a politician. His friends included single payer leaders such as the stalwart Dr. Quentin Young in Chicago.
So, instead of starting with "single payer," he descends to vague policy declarations, asks Congress to come up with a specific bill, while cutting private deals in meetings in the White House with drug industry and health insurance executives.
Now months later, with Blue Dog Democrats emboldened, with his progressive wing angry and starting to rebel, a hoked up insurance bill is having many provisions eviscerated. Once the Republicans smelled his lack of resolve, his wavering on one amendment after another, they became ravenous in their demands and obstructions.
Third, Mr. Obama's tough talk about a reckless and greedy Wall Street is not paralleled with tough regulatory proposals. He allowed, without working his will, the banks and Banking Committee Chairman, Barney Frank to produce a weakened regulatory bill that passed the House of Representatives.
For example, regulatory provisions on the rating agencies (such as Standard and Poor's and Moody's) and derivatives were mere taps on the wrists, ridiculed by former Chairs of the Securities and Exchange Commission from both parties.
Fourth, on labor and NAFTA, his campaign speeches were about the need for reform. He has started nothing there and says nothing about this promise to revisit the U.S. participation in NAFTA. He believes in the card check version of labor law reform but has not used his political capital to advance this modest reform at all.