"F. George McDuffee" wrote in message
...
On 25 May 2010 23:46:32 GMT, Eregon
wrote:

Don't blame the Obamanation - blame the Unions and the States!

http://www.newsmax.com/InsideCover/Texas-business-states-CEO/2010/05/24/id/359954?s=al&promo_code=9F17-1

Newsmax
Texas No. 1 on 'Best-for-Business' State List for CEOs
Monday, May 24, 2010 12:59 PM
By: Dan Weil
snip
========
Your concern is appropriate and quite understandable. While
this article is appealing at one level, this fails to
recognize the old syllogism that was operational over much
of the life of the republic is no longer functional and has
not been for the last 20* years or so. That is:

"When American companies are successful,
America is successful; and
When America is successful,
Americans are successful."

* [NAFTA ratified by the Senate in Dec 93, in force 01 Jan
1994 but preceded by very considerable lobbying/bribery
efforts.
http://en.wikipedia.org/wiki/North_A...rade_Agreement
]

The major problem appears to be there are no longer any
major American companies in the traditional sense of making
things here, exporting some, and generating American profits
and taxes, only transnational corporations domiciled in the
U.S., more or less as an accident of history, with their
major manufacturing and markets overseas, products sold in
the U.S. manufactured abroad and imported, all taxes avoided
if not evaded, and foreign profits never repatriated and
subject to U.S. taxes, i.e. stockholder dividends. Two
examples are GMC and Goldman-Sachs.

The world appears to have stumbled/lurched/staggered its way
into a de facto corporate [fascist] state where the
trappings, cant, rhetoric, symbols, procedures, etc. of
democracy and the free market remain, but only as relics
under glass. While the outer trappings of the fascist
states such as party militias, mass rallies, personality
cults, and concentration camps are [so far] absent this time
around as these have been unnecessary and not cost
effective, the bedrock principal of "consent of the
governed" is now largely non-operational.

It is worth noting that the states at the top of the Newsmax
list: Texas, North Carolina, Tennessee, Virginia, have all
retained their "old-fashioned" manufacturing operations with
real value added operations, while the bottom states
California, New York, Michigan, New Jersey, and
Massachusetts have largely shifted to the new consumer based
service economy, where money magically appears as it is
transferred from company to company.

In all likelihood it will never be possible to restore the
status quo ante American economy, but if this attempt is to
be successful, the genie must be forced back into his
bottle, i.e. transnational supragovernmental corporations
and markets must be broken and their successors never
allowed to again escape sovereign governmental control and
oversight.
--

-- Unka George (George McDuffee)

What do you think of the EU proposal to create a global
financial transaction tax? IMHO this might be a way to
recapture the taxes lost when corporations relocate to
tax heavens. If i understand correctley it works like
a poker game where the house takes a piece of the
pot on every hand delt. If all nations adopt such a tax
it could work.

Best Regards
Tom.