Updated 07-10-2011

Jobs - Jobs - Jobs?

No one has a solution because the businesses with the profits and investment capabilities that traditionally invested in U.S. production of goods (jobs) have been creating the jobs in India not the U.S. because they get a greater return there than here.

In the mid 2000s U.S. investments were getting returns of 3 to 5% by creating jobs in the U. S.. India changed the equation when it went from only allowing foreign investment in projects of 15% to allowing 100% investment and the promise to invest billions in infrastructure.  Investors saw a 25 to 35% return on investment which caused a stampede, a gold rush of investment opportunity diverting trillions out of the U. S. and pouring investment into India, creating jobs - jobs - jobs. The booming India economy is the result of U.S. investment which should have been the U S's. booming economy.

There was a subtle shift in how our economy was measured in teh news: in place of production of goods and services all eyes were focused on housing as teh indicator of teh health of the economy. Therefore, Greenspan et al, the apparatus of government, business and teh financial sectors worked to keep the housing bubble up by all means fair or foul, and all without criticism until it colapsed.

The housing bust is described to play out as if it were responsible for the lack of job creation. That is the obvious, but unchallenged lie.

This root of the problem, if it is true, cannot be addressed in an open and transparent way because, like a small crack at first, might break the plate apart.

Sacrosanct premises of the capitalist manifesto:

1) The accumulation of capital is not capped.

2) The control of capital remains in the hands of those who have it.

The creation of jobs is not in the political spotlight  political rhetoric has been about everything but the core economic issue: JOBS.
Why?
Because the Executive and Legislative Branches of the U.S. Government cannot dare discuss that the financial and manufacturing powers invested in making jobs in India because they would make more money there than in the U.S.

Modern capitalist holy grail demands investments be routed to where the greatest returns are. There is no choice, as in card playing, the purpose is to get the best hand, the rest are discarded during play.

The financial effects of closing factories, impoverishing workers, even destabilizing government are the cards discarded, not factors to consider unless they adversely affect the return.

Jobs in the private sector are created to produce product or service and profit is the hallmark of worth and success. Jobs in the public sector are created to provide a service.

Success in a government-created job is an event: the purpose of the job has been met. Positive monetary exchange is not part of the equation.

It takes investment capital to create jobs to produce a profit making things or providing a service. Product  underpins private sector service job creation.

Those who participate in foreign investment are reluctant to decrease their return on investment. All branches of our government, all political parties support this fundamental business holy grail. Some, apparently, like the Tea Party, interpret this investor freedom as an ideal in the name of freedom. Others, including myself, interpret the same results as unacceptable and harmful to the people of the U. S..

What's to be done cannot be done by this government, which is, businesses that derive profit from the U.S.  will be required to invest 97% of the profits back into job creating efforts and government services in the U. S..

The media, political parties, the President and elected officials are engaged in heated debate and partisan issues to prevent the people from identifying the problem and demanding reform.