Larry Summers: What We (Corporate America) Told The Workers

Lawrence Summers talks about what Corporate America told the workers as globalization unfolded and the possibility of a (further) worker revolt. 11.14.2017.

[@timothybucky7170]

is this the central important lodestar of vote. if they come in here and do take our jobs.what actualy is in our interest to do. who is it saying we should not win.

[@PeckerwoodIndustries]

.......and then we tell the people that all that money they sent overseas as part of this new investment class level of shortsighted greed is going to come back and buy up the best assets we still have, and the fruit of that buyout will all go to the investment class including the overseas buyer (China). Next we tell the people that the entire time the investment class and corporate America was selling out the country for short term personal gain, it was not sufficient to maintain their lifestyle in the manner they deserved, so they borrowed vast sums of money from the future in the form of supply side tax cuts that “we” citizens must repay. Lastly they note that they are now quite happy living in their Tuscan villa, sipping French champagne, content in the knowledge that their Cayman Island accounts are far out of reach of a now desperate federal government who’s only remaining jobs are the armed collection of past due interest payments, and to borrow more money in your name just to satisfy the interest payments owed to the oligarchy. While you were forced to automatically pay your payroll taxes, they weren’t. Instead, they busily lent the government lots of operating money in the form of interest bearing treasury bill buyouts.