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.