Well I totally agree that many of the jobs lost are not coming back due to the reasons you stated. The politicians like to blame big business for this, but in reality it is the politicians fault. NAFTA and giving China most favored nation status are 2 huge reasons major companies are now outsourcing jobs to other countries. They are merely playing by the rules the politicians have set up for them.<quoted text>
You bring up a very good point. The recovery has been too tilted to the wealthy. So then why do as Romney is advoating and give the already wealthy more tax breaks to worsen the income disparity in America?
The past recession was different than those faced by previous presidents in one very stark way. Many of the jobs lost are simply not coming back. This is due to globalization and increased automation and productivity. To compete in the future we need a well trained and educated work force, state of the art infrastructure and a manufacturing base fueled by something other tah fossil fuels. None of which Romney is discussing.
Romney's plan to address all that is just more tax cuts for the rich. Nothing more.
I know everybody likes to pick on General Electric, and for good reason. So here we have a major U.S. owned manufacturing company making billions of dollars profit worldwide and does not pay one penny in U.S. Income taxes.
So, what is the solution. Don't you agree that G.E. should be paying U.S. income taxes.