Blessings from Whitney

Here is a quick little post, I'll post a big one on colleges later :)

Whitney's statement:
I must say that, I drove by a car factory the other day and saw the saddest thing in the world. It was empty, No one was working. My friends g ma looked at me and stated "Yup they can pay somebody in Mexico $3 salaries. That is where the jobs are going" Someone please tell me, please inform me how this will help US get out of debt. How can people losing their lively hoods, their jobs help OUR economy? Will one of those who understand the world better than I please inform.

My answer/retort?

first, No to everything you said
second, The plant is closed because they kept to many overly paid union workers and didn't send enough jobs to mexico when competitors did. So now instead of laying off some, all are laid off. Therefore, being competitive benefits US workers in the long run far more than "Buy/Employ American"
third, for every $1 ... Read Moresent oversees in jobs, it brings $1.66 back to the US (which feeds & clothes you with its benevolence)
The US economy must have this cash influx to maintain the lifestyles of its constituents
fourth, I assume there is some anti-Obama's economic policies plug in your statement. That plant closed because of a recession, which was caused by the lessening of regulations under a republican congress ( the Gramm-Leach-Bliley Act) in 1999. This act allowed investment banks and commerical banks to merge (CitiGROUP was a result, you know the one that was "too big to fail") which put hard working americans' money into the hands of overzealous Dan Stefanus at 10:39pm July 10
investment bankers who risked it all (needlessly).
Obama had nothing to do with this. This is republican free trade policy coming back to bite us in the ass. Responsible free trade is good, but this was reckless and stupid.

And I don't think there is anything to envy in Mexico ;)

Oh btw, Dubyah increased the national debt to fund the Iraqi War by more than any other president in history (during peacetime, ie Congress hasn't officially declared war, unlike in WW2). Obama has put us deep in debt to save our economy. Had he not, I promise you that we would still be freefalling, and unemployment would be 2x as high.

John McCain would have done the same thing, fyi (regarding the stimulus, his just would have been allocated differently: more tax breaks less funding