CORPORATIONS ACCOUNTING FOR KILLING OUR ECONOMY

DUE TO: US Corporations taking advantage of the practice of outsourcing and exploiting cheap labor forces in destitute economies, they have eroded the US job markets, cutting into consumers' ability to spend and proportionally cutting away at the whole of our economy. The mass use of this exploitation was to strengthen their own corporate image among shareholders in a shaky economy, and so the problem isn't circumstantial but instead systematic and has been going on for a long time. Make no mistake: corporations see consumers as a resource for themselves to make money both by their own products and by the confidence of investors. They have no problem with abusing the consumer market as long as they benefit.

On the flipside, they are exploiting the labor of poor countries yet sending away US dollars into foreign markets. While this money is perhaps less than they would pay for equivilant numbers of workers or in providing work environments up to US legal standards and conditions dictated by workers' rights, they would at least help to reduce the amount of money bleeding away.

If corporations refuse to use their own spending ability to increase the amount of money in the US consumer market and thereby create an ACTUAL stability in their own profits, than they should be fined or taxed in proportion to their impact on the job market, taxability and spending of US consumers. The money they make off us is disproportionate to the amount of money they are sending over seas, while at the same time cutting back on jobs we need and money we've earned.

Corporations should be held accountable for their detrimental effects on the US economy. While they might have the short term solution of cutting costs and increasing productivity, they've essentially eroded the basis of their own prophits and lowered the confidence of consumers across the board. If they won't reinvest some of their profits and encourage growth at home, they should be taxed in proportion to the amount of services the government is forced to take to make up for their failings.

CORPORATIONS SHOULD ANSWER FOR AILING ECONOMY

Until the last few years we've been able to take comfort in a strong economy despite the growing number of jobs being imported to cheaper labor forces in other countries. This has been the case for years in the garment industry but now was stretching into corporate America. In the past few years as corporations tried to stem bleeding budgets and recover losses, they began a mass exodus of staple middle-class jobs like call centers, customer service, manufacturing.

Not only have these corporations moved these jobs to other nations, but they've exploited the low wages, standards of living, and lack of workers rights to produce cheaper products, streamline services, and ultimately reduce the economic capacity of middle-America. Fewer jobs equals fewer people who can buy things. This equals lower sales, less homeowners, lower credit, higher rates of people defaulting on loans, etc...

The variable rate mortages were another way of taking advantage of a seemingly strong economy held together by these stable corporate earnings and low interest rates, but ultimately as gas prices started to rise and put a crunch on every other industry, along with the further erosion of the US job market, people couldn't live on the type of credit they'd come to rely on.

Corporations that export labor are one of the most important factors to our ailing economy. Bring those jobs home, and even if they aren't proportionally creating as many jobs here due to minimum wages, at least they'll bring some mobility to the work force. If they don't bring jobs home, and insist on spreading those corporate dollars earned from US consumers, they should be taxed in proportion to the amount of money that they are bleeding away from our own economy.