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Sat Feb 13, 2016, 08:37 AM

Establishment politicians still don't understand.

by Zach Carter
Senior Political Economy Reporter, The Huffington Post
Feb 12, 2016

The past few years have been very good for United Technologies. The contractor does billions of dollars a year in business with the federal government. CEO Gregory Hayes pulled down nearly $10 million in 2014, and over $20 million the year before. On Thursday, the company reported $7.6 billion in profits, up from $6.2 billion the year before, and $5.7 billion the year before that. In October, United Technologies even expanded its stock buyback program to $12 billion. Spending the company's money to purchase its own stock elevates the value of its share prices. United Technologies was so flush with cash that it could burn money to boost returns for its investors.

Surely this largesse would trickle down to its rank-and-file employees, right?

Not exactly.

On Wednesday, Carrier, the air conditioner manufacturing wing of United Technologies, told workers at its Indianapolis plant that it would be outsourcing their jobs to Monterrey, Mexico.


Watch Corporate America Turn A Room Full Of Workers Into Bernie Sanders And Donald Trump Supporters (VIDEO)



Over the past year, the establishment wings of both the Republican and Democratic parties have struggled to understand the outrage expressed in that video. How could people seriously consider a Democratic socialist from Vermont, or a crypto-fascist strongman for president?

The answer is pretty simple.

Both Republicans and Democrats have consistently backed economic policies over the past 35 years that have systematically gutted the American middle class.

For decades, Congress has listened to corporate lobbyists who told our representatives that if they could just cut this one tax rate, or just ease this one regulation, there would be a renaissance of prosperity.

The renaissance has happened for the rich. Everyone else has been left behind.


READ in FULL~
http://www.huffingtonpost.com/entry/why-people-really-support-trump-and-sanders_us_56be3c46e4b0b40245c6a159

( and Thank you NAFTA!!!)

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Reply Establishment politicians still don't understand. (Original post)
RiverLover Feb 2016 OP
Funtatlaguy Feb 2016 #1
RiverLover Feb 2016 #2
Funtatlaguy Feb 2016 #5
RiverLover Feb 2016 #6
Funtatlaguy Feb 2016 #7
cantbeserious Feb 2016 #3
Stuart G Feb 2016 #4

Response to RiverLover (Original post)

Sat Feb 13, 2016, 08:50 AM

1. Competitors of CARRIER

that still have plants in the U.S. Should use some of this video.
I envision a boycott of Carrie air conditioners soon.

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Response to Funtatlaguy (Reply #1)

Sat Feb 13, 2016, 09:10 AM

2. They probably do the same thing - send their jobs to Mexico or China for slave wages to

really raise those stock prices.

Reaganism. Clintonism.

Both result in US waiting for trickle down from all the riches they receive from offshoring our jobs (via Clintonism), low taxes for the rich (via Reaganism).

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Response to RiverLover (Reply #2)

Sat Feb 13, 2016, 09:59 AM

5. True

But, if there is one that does or would bring their plants back to America, they might corner the market with a strong marketing effort.

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Response to Funtatlaguy (Reply #5)

Sat Feb 13, 2016, 10:06 AM

6. May someone see this ^ & spark an idea!! MANY of US would/do buy based on "MADE IN AMERICA" alone.

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Response to RiverLover (Reply #6)

Sat Feb 13, 2016, 10:47 AM

7. I certainly would.

Even Trump voters might....USA! USA! USA! .....lol

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Response to RiverLover (Original post)

Sat Feb 13, 2016, 09:10 AM

3. We Us Together - Vs - Me MyBank And I -- The 1% Will Screw The 99% Everytime

eom

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Response to RiverLover (Original post)

Sat Feb 13, 2016, 09:58 AM

4. k and r....nt

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