Riding on Waves of Populist Discontent Into the White House; Donald Trump Speaks of Real Hope & Change, Where as Obama, Democrats & GOP Have Totally FAILED:

Riding on Waves of Populist Discontent Into the White House; Donald Trump Speaks of Real Hope & Change, Where as Obama, Democrats & GOP Have Totally FAILED:

By Marc Chamot

According to OECD, the U.S. Jobless Rate is going to Linger at current levels, and even after the financial crisis is over. This is a serious concern for the U.S., says the Organization for Economic Co-operation and Development.

As OECD downgrades US growth forecasts, the US economy will grow at slower than expected rate of 1.5 percent this year. The U.S. unemployment rate is unlikely to return to normal levels, for at least three years down the line the OECD said.

The Paris-based OECD said US growth would be far less than the 3.2 percent predicted in May, and would increase to only 2.3 percent next year.

The United States is slowly recovering from a severe recession and, with economic growth projected to remain low for quite some time." The body also added that "U.S. unemployment is likely to stay elevated for a relatively long period."

Proof is in the pudding; but now there is more proof of what is ailing this nation’s job opportunities, and this is what I’ve been saying all along for years in my blogs.

In Wall Street Journal’s David Wessel recent article: Big U.S. Firms Shift Hiring Abroad There are more confirmed studies, that large American firms are still moving jobs to other countries.

And also in Big U.S. Firms Shift Hiring Abroad, by David Wessel, Commentary, WSJ; U.S. multinational corporations, big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy.

New data from the U.S. Commerce Department, show companies have cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million and that's a big switch from the 1990s, when they added jobs everywhere, see [graph]

The data underscore the vulnerability of the U.S. economy, particularly at a time when unemployment is high and wages aren't rising. Jobs at multinationals tended to pay above-average wages, and for decades, sustained the American middle class.

While smaller and younger companies are vital to U.S. economic growth; big multinationals remain a major force in employment for most Americans. A report by McKinsey Global Institute estimates that multinationals account for 23% of the nation's private-sector output and 48% of its exports of goods.

These companies are more exposed to global competition than smaller ones, but also are more capable of taking advantage of globalization by shifting production abroad and taking advantage of cheap import duties, where they can flood our markets with cheaper produced foreign goods. And that’s what is KILLING us economically in jobs.  

But finally, we have a “potential” presidential candidate, in billionaire Donald Trump, who is telling the truths, about what MOST Americans already knew about what’s going on in this country. But politicians from BOTH parties, Democrats and Republicans have been ignoring, the plight of the unemployed American workers, because of foreign interests, mainly coming from China. And now, we may have someone that has got our ears.

Donald Trump lashed out at China: “If I run and if I win, this country will be respected again.” He goes on to say; “If you look at what China is doing, they're making all of our products, they're stealing our jobs, and they’re taking our money. They're then loaning our money back and they are manipulating the currency, and it almost makes it impossible for our companies to compete with China. It’s amazing!”

“China is taking our jobs and we have to do something about it — and we have to do something about it quickly,” Trump said, in part two of an interview with Fox News’ Bill O’Reilly, which aired Thursday night. “They are decimating our country just as OPEC is decimating our country with their oil prices.”

It’s all TRUE. In Billionaire mogul Donald Trump warns China and OPEC are “decimating” the U.S. economy — Donald Trump:“foreign countries are respectively taking the nation’s jobs and holding oil prices hostage, and America needs to quickly counter the trends, before the United States becomes totally beholden to hostile foreign interests and the U.S. tax code must be reformed, so jobs can return to America.” A Big Amen to that brother!

Trump said the United States needs to threaten to impose heavy duties on Chinese products, to force the communist giant to stop manipulating its currency.

“It’s very tough for our companies to compete with Chinese companies because very simply they manipulate their currency, they’re professionals at it,” he said, adding the solution is a 25 percent levy on their goods, they are threatening us.

They are going to make a $300 billion — let's call it profit — this year on the United States, $300 billion,” he continued. “And more importantly, not only $300 billion — they are taking our jobs. We have to do something about China.”

Donald trump is the first possible, presidential candidate in recent memory that has spoken the truths about what’s really killing the United States’ economy and jobs. It’s almost kind of like, presidential candidate Obama’s Hope and Change revisited, that propelled him into the 2008 presidency.

Obama won the presidency over John McCain with populist messages that attracted millions of “white” blue collar displaced workers, when he promised to get tougher on all unfair trade practices like NAFTA, free trades, and China.

Obama also promised that he was going to make trade deals that were fairer for American WORKERS, rather than those benefitting foreign interests. But sadly, this campaign promise was a BIG LIE. Obama NEVER accomplished on those campaign promises to benefit most of the millions unemployed.

We’ve had a dream with the 2008 Obama and Democrats, when they were in power, but somehow, it all vanished in thin air. When Democrats were in control, they wasted two “freaking” years, by doing nothing about China and out of control cheap imports into the United States, and it bit them hard, when they got trounced during the Midterms.

I’m not surprised Donald Trump is skyrocketing in GOP/Republican polls. It shows that GOP isn’t getting the VOTERS message! The rest of GOP/Republicans are still running on that same old, tried, and worn out message that Americans are sick and tired of listening to.

There are big identity problems for most GOP presidential candidates; they are too much into importing cheap foreign made products, outsourcing JOBS, and unbalanced trades with the United States, so their Wall Street buddies can make BIG profit and donate into their campaign coffers.

I’m sure Democratic voters are taking a long hard look at Trump too. He’s definitely got the POPULIST message, most Americans want to hear coming from politicians these days.

The people and most American voters know that most GOP/Republicans have no solutions for job creations for this country, and neither do President Obama with his hordes of hapless Washington Democrats.

Now, under Obama we still have an estimated 13.5 million of people still out of work. Most are formerly “white” Democratic blue collar workers who lost their factory jobs up North. And they are the ones who voted for Obama 2008.

Polls are showing that most Americans want this country to get tougher with China, and Donald Trump is resonating well with voters from across all aisles, including independents.

Folks, you do the math; Barack Obama won by 8.5 million votes in 2008, over an unpopular GOP president and Party’s presidential candidate John McCain. McCain had no vision for the future of America, and in solving our ever growing jobs problems, other than pressing for more of the right-wing GOP agendas, such as “free trades” and “pro-globalization,” something that hasn’t been working for most Americans in years.

Like Donald Trump says; it takes taking on China and OPEC, it also takes an American president with lots of guts to make changes that will benefit all Americans.

There’s no question that Donald Trump will attract millions of angry GOP/Republican voters. Trump will also attract millions of disenfranchised Democrats, centrists, and independents, especially the millions of “white” unemployed workers who voted for Obama.

The formerly private sectors of former unionized workers, who have seen their high-paying jobs, evaporate throughout the 2000-2007 Bush years, jobs that have been decimated into oblivion, will FIGHT back. And that’s a guarantee!