Wednesday, January 18, 2012

Right Wing Brown Nosing does NOT create jobs...the sequel!



O.K., I want to talk about the Right Wing phrasing and framing of the debate for a while. For years now, we have had to put up with parasites that are at the top of our system being referred to as "job creators". I came across this article on Bloomberg today!
Kraft to Cut 1,600 Jobs Ahead of Split
Kraft is part of the Dow Jones Industrial Average. That company (I refuse to refer to corporations with pronouns such as "they" and "them"! Expressions of Property ARE NOT PEOPLE!)has had a fantastic Great Recession.
The first channel shows a general downward trend during late 2007 and 2008. During this time the instability in the Bond Market caused by the sub-prime mortgage bubble had pushed the Dow to a record high in October of that year. This was a mystery at the time, because there were so many bearish indicators (including unemployment). In retrospect, the instability caused by the amount of worthless paper in the Bond Market caused money to flee into the Stock Market, causing a rise in the Stock Market in 2007. But after that, there was a general downward Sideways trend in 2007 and 2008.
And we all remember what happened in Sept 2008, it is reflected in the sharp downward price of Kraft's stock.
As Morgan Stanley, Bear Stearns, AIG and Lehman Brothers failed because of overexposure to worthless sub-prime mortgage paper and insuring Goldman Sachs when Goldman Sachs bet against securities which Goldman Sachs was aggressively selling, the price of KFT went from $33 to $22!
In steps the US taxpayer, and we save these parasites with our tax money because a continuing cascade of failing institutions would mean a Depression. According to Milton Friedman, this was the correct course of action.
If you had bought at that time, when the price of KFT was $22 and held it until now you would have nearly doubled your money (thanks to the intervention of the US taxpayer) As a matter of fact, KFT is doing so well that they are going to split into 2 companies later this year. And how does KFT say thank you for all the brown-nosing the Right Wing media has heaped upon them and the investment community? How does KFT say thank you for the actions of people like Scott Walker and others whom claim that we must make things appealing to these tyrants in order to facilitate "job creation"?
They cut 1600 jobs. That's more people unemployed and legitimately claiming benefits so that the balance sheet of KFT can look "streamlined" when the company split.
I personally don't eat a lot of Kraft foods. Any boycott on my part would be meaningless. I don't like their products. I find too much High Fructose Corn Syrup and Enriched Flour in the ingredients whenever I look at their products. Kraft Foods is responsible for encouraging obesity in the American public so their balance sheet stays healthy. This behavior really isn't surprising.
What is surprising is how the proof of how full of shit the talking points repeated ad nauseum over the past 3 and half years have been and how much those talking points are clung to when they are blatantly false and contradicted by headline after headline.
Parasites have been sucking this country dry while engaging in so much massive deception so much that Milton Friedman is now no longer considered a true conservative but a Keynesian centrist.
Please remember this action when having Oreos while looking at the Presidential debates and their lying commercials and hearing the same mental masturbation about "facilitating job creation". That company got everything it could have wanted from the American taxpayer in that heartless corporation's hour of need. So much so that the value of that company nearly doubled. And they chose to cut 1600 jobs.
I hope you enjoy your Oreos while the USA is being raped of its wealth!
Assholes!!!

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