Too Easily Fooled By “Too Big To Fail”

call centerOffshoring, outsourcing of jobs: U.S. jobs continue to flow overseas – latimes.com.

“President Obama has complained that the U.S. tax system encourages companies to invest and hire abroad, but a bill that would have ended certain tax credits and deferrals to companies expanding or moving overseas was voted down in the Senate last week.”

Why in God’s name are companies getting tax credits and deferrals to put Americans out of work? WHY? And why has our current Senate neglected to correct this matter?

And while I’m frothing at the mouth, I’d like to point out that it should have been a condition for accepting bailout money – “Too Big To Fail” should have been made to promise that they would not hire anywhere but the United States for X many years.  Yes, years.  After all, it was American taxpayer dollars that bailed ’em out – why should anyone but American taxpayers benefit? Violators should go to jail – the entire board, hard time, no parole.

We’ve been had, I’m afraid – had and used. And our politicians, it is clear, will not represent our interests and will not help us. It doesn’t matter who is voted into office. “Too Big To Fail” owns enough of them to get their way. The rest of us get to bend over.