Between 1) lavish, politically motivated, "welfare" payola rewarding people in this country for not working and 2) widespread disdain,
particularly among our youth, for those who do, what used to be the American labor
force has been rendered unemployable in the new world economy.
Given the quality of motivation,
enthusiasm, effort, focus, and loyalty large employers can expect from wage
earners elsewhere across the globe, there's no reason to expect jobs will ever
return to these shores in significant number. After the financial apocalypse our President declined to pull us up by our bootstraps with a public works initiative making people work because his lazy, good-for-nothing, fat-a$$ constituency would've run him out of office if he did.
Offshoring employers noticed.
Offshoring employers noticed.
Precisely what part Obama’s
stranglehold on the nation’s indolent psyche has played in all this remains to be understood. Clearly, policies designed to buy the votes
of idle riffraff, malcontents, and welfare cheats have done more to make our
people contemptible in the eyes of others than anything else we’ve read about around
here.
In any event, its
resulting devastation to the demand side of our economy appears permanent. MacDougal continues to recommend that
subscribers stick with large cap American multinationals enjoying extensive
footprints beyond our borders. These days, buying domestic is like shooting
yourself in the financial quality foot.
And please avoid direct
investments in the securities of foreign corporations. Overseas stock markets have a long history of
sopping up American Greenbacks and then pulling the plug.
