Tag Archives: the economy

Listen…A Giant Sucking Sound

Ross was right. Ross Perot was right.

1992 was my first presidential election as an eligible voter. I was engaged and trying to figure out where my value system fell and what I believed in. I was already tired of the two party system and could not understand why we continued to have one. I was excited that Ross Perot was running as a somewhat viable third party candidate even though I didn’t know a lot about him. I voted for him.

Today, I am not sure that I would do anything differently knowing what I do. He certainly had one part right, the “giant sucking sound”. He explains:

Economics is not my forté, but Perot put’s things in a frame I can understand. When we take away the levies that keep our wages high, we are going to find a lowest common denominator of a wage along with the rest of the globe. American business is motivated by money to forget about everything but the bottom line – no worker considerations, no health and safety practices, no carbon counting. If Americans want those bothersome things to be considered – fine – but then industry will simply no longer be American.

The 1% and the global corporations that prop them up are taking American workers down a few notches. We (the masses) got a little full of ourselves, kind of empowered, and had a bit too much extra spending money for their comfort. We’ve had our heydey (hope you were alive/enjoyed the 1950s), and now it’s time to return to serfdom (that’s mid-evil speak for a life of servitude to another).

The 1% would prefer it if you were born into poverty, were desperate for the most basic survival essentials (we are so much less mouthy about government when we are focused on being cold and hungry), and weren’t aware of opportunities for expression or liberty (they take up too much time in which you could have been making a profit for them).

I don’t remember a whole lot about that campaign season but I do remember this quip about the giant sucking sound and the point about NAFTA. Ross was right. He may or may not have been a decent President, but he predicted what is happening now. The value of human life and livelihood is nil to the 1%ers. American values of freedom, democracy, expression, and the idea of the commons are being squeezed out in favor of the value of capitalism. What’s the big deal about values? They’re everything. Without American values, we are just a bunch of people at the mercy of those that can bully us.

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Vulture Capitalism described by Capitalists

Think Progress put this out a couple of days ago. I agree that the election should be about what companies like Bain Capital and CEOs like Romney are doing to the American Dream. It is not pretty.

Here are the top 10 comments about Bain from Romney’s Republican rivals:

1. “The idea that you’ve got private equity companies that come in and take companies apart so they can make profits and have people lose their jobs, that’s not what the Republican Party’s about.” — Rick Perry [New York Times, 1/12/12]

2. “The Bain model is to go in at a very low price, borrow an immense amount of money, pay Bain an immense amount of money and leave. I’ll let you decide if that’s really good capitalism. I think that’s exploitation.” — Newt Gingrich [New York Times, 1/17/12]

3. “Instead of trying to work with them to try to find a way to keep the jobs and to get them back on their feet, it’s all about how much money can we make, how quick can we make it, and then get out of town and find the next carcass to feed upon” — Rick Perry [National Journal, 1/10/12]

4. “We find it pretty hard to justify rich people figuring out clever legal ways to loot a company, leaving behind 1,700 families without a job.” — Newt Gingrich [Globe and Mail, 1/9/12]

5. “Now, I have no doubt Mitt Romney was worried about pink slips — whether he was going to have enough of them to hand out because his company, Bain Capital, of all the jobs that they killed” — Rick Perry [New York Times, 1/9/12]

6) “He claims he created 100,000 jobs. The Washington Post, two days ago, reported in their fact check column that he gets three Pinocchios. Now, a Pinocchio is what you get from The Post if you’re not telling the truth.” — Newt Gingrich [1/13/12, NBC News]

7. “There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business, and I happen to think that’s indefensible” — Rick Perry [National Journal, 1/10/12]

8. “If Governor Romney would like to give back all the money he’s earned from bankrupting companies and laying off employees over his years, then I would be glad to then listen to him” — Newt Gingrich [Mediaite, 12/14/11]

9. “If you’re a victim of Bain Capital’s downsizing, it’s the ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain, because he caused it.” — Rick Perry [New York Times, 1/8/12]

10. “They’re vultures that sitting out there on the tree limb waiting for the company to get sick and then they swoop in, they eat the carcass. They leave with that and they leave the skeleton” — Rick Perry [National Journal, 1/10/12]

Thanks for doing the research Think Progress.

 

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