Election tomorrow

As many longtime readers know, I lean to the left politically because of the effect on jobs and working conditions. As an airline employee having gone through bankruptcy there is one clear choice in tomorrow's election and that is President Obama. If you need only one reason to vote for him look to the PBGC. Under President Bush's appointed head of that organization pensions at United were scrapped while under President Obama's appointed head of the PBGC American's  plans were only frozen. That's a huge distinction and benefit for the American Airlines workers.

For another reason please read the following which was sent from a retired United employee and friend;

The Need for Greed  /  By L. David Sulewski

I find it rather hypocritical that so many people running for public office  propagandize about the decline of American family values and the decline of the US economy at the same time they support multinational corporations as they invest 3.6 Billion dollars (as of 2010) in communist China to expand US manufacturing in that country. More than 2.6 million American jobs have been lost since 2001 as a result of big multinational corporations cutting their American work force while increasing their foreign workforce by 2.4 million. So when politicians talk about “strong family values”, they need to be  reminded  of the difficulty of keeping a family together when your job has been moved to foreign country to satisfy the “Need For Greed” by multinational corporate elitist and Wall Street investors.

 A major contributing factor to the current budget deficit is the fact that due to certain provisions in the US tax code, multinational corporations  can shelter their considerable foreign made wealth in foreign banks (Cayman Islands for example) to avoid paying “Foreign Profits Tax”. These are taxes that would help support the economy and help off-set the deficit in the United States. This illustrates a callous disregard for workers and communities in the United States on the part of the multinational corporations. General Electric, for example, paid no corporate taxes in 2010 on a global income of $14.2 billion while collecting 3.2 billion from the US in the form of a subsidy. In addition, General Electric has an estimated 62 billion in earnings sheltered in foreign banks to avoid paying taxes.

Not too many years ago, investing Billions of dollars in a communist foreign country would have been considered a breach of allegiance, however now because of corporate and Wall Street, “Need for Greed” it is an acceptable practice discounting the damage it causes our country’s economy and our way of life.