Saturday, April 30, 2011

Forbes Global 2000 - Ominous Sign For The US

Each year Forbes magazine publishes the Forbes Global 2000 listing the 2000 largest companies in the world.   In an ominous sign for the US, the number of US headquartered companies on this list has fallen from 751 in 2004 to just 536 in 2011.  Though the remaining US companies on this list are very healthy and profitable, the fact that this number continues to fall each year is a testament to federal government failure related to tax and regulation policies, a weak dollar that has allowed the acquisition of American firms and the rise of companies headquartered Europe and Asia Pacific, in particular.   As of today, remaining American companies are earning about 26% of their revenues overseas, with many companies already earning more than 50% of their revenues outside the United States. 

Some of this is happening because of environmental wacko regulations and big union demands that have destroyed manufacturing in the US, which is pushing companies and jobs overseas.  Further, the weak dollar caused by government deficit spending and the Federal Reserve's printing of money that is causing inflation has allowed companies from overseas to come in and acquire US Companies, or their subsidiaries, on the cheap.   Hence, remaining US companies headquartered in the United States are not only fewer than they were years ago, many of them are smaller.  

Many politicians of both political parties; but in particular Socialists like President Obama and his pals in Congress just don't get any of this.   Clearly, cards talk and numbers don't lie; yet these Socialists continue to ignore this ominous data.   It is impossible to create jobs if there are fewer companies to make them happen.  And, while it is true that small companies in the US create 70% of the new jobs, many of these small companies provide goods and services to big companies.  If the big companies disappear in the US, small companies will need fewer employees in the US to support them.   We don't need a fancy computer model to demonstrate this common sense 5th grade math.   Oh, I forgot, many in the US have been trained in the "New Math", where 2 plus 2 apparently does not add up to 4.  Instead, it adds up to a $14 Trillion National Debt.

That must why politicians of both parties, but Socialists in particular, have reasoned that they can spend the US into bankruptcy without any consequences.   In fact, the Treasury Department is currently borrowing $4 Billion a day to support the federal government's deficit spending.   That is 4000 million dollars a day to allow the federal government to continue on its spending binge.   Further, state governments are sitting on $1.2 Trillion in pension liability, owed to public employees, that they cannot fund.   This balloon is about to burst.   What is happening is not sustainable. 

Yet, Socialist President Obama wants to spend even more to take care of his PEEP's.    WE THE PEOPLE, that understand fifth grade math, must stand up and say enough is enough in 2012 and 2014.   We have to sweep these Socialists out of office and make Obama a one term President to prevent the bankruptcy of the United States by electing common sense Conservatives committed to the fiscal solvency of the United States.   We can't wait any longer.   We must take back our country to save it.   We have to finish the job we began in 2010.   We can do it.   We must do to to restore economic growth and jobs in the US.   We must take back our country to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.  

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