Tag Archives: outsourcing

Capitalism on Trial

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

The Obama campaign has decided to concentrate all of its fire on Mitt Romney’s years at Bain Capital. As a result, it manufactured story after story about decisions made by Romney and his partners that led to greater profitability at the company, but also the heartache that often comes with that profitability.

For the Obama campaign, this isn’t just about Bain Capital, which most acknowledge was a well-run and ethical company. This is a bigger argument about the nature of capitalism in society today. Continue reading →

Regulations Wipe-Out U.S. Productivity

BY FRANK HILL
Reprinted from Telemachus.com

Americans produce more regulatory paperwork than manufacturered goods. You heard that ‘torectly as they say (sometimes) in the South.

Americans spent enough time and effort complying with government regulations to total $1.8 trillion of our roughly $15 trillion national GDP. (Source: Small Business Administration)

During the same year, the entire American manufacturing industry made $1.7 trillion worth of: airplanes, cars, furniture, clothes, upholstery, widgets, gadgets, wingnuts, and Sidewinder missiles. (Source: U.S. Bureau of Economic Analysis, Industry Economic Accounts (2009))

This is why the current ‘debate’ (mud-slinging) by the Obama Administration over ‘out-sourcing’ and ‘Bain Capital’ is so maddening, mind-numbing and quite honestly, ‘dishonest’. Continue reading →