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Outsourcing, offshoring, and myopic disdain...

PhilFish

Administrator
Staff member
Hi Ho, Philfish here...if romney's offshoring gets ya goat..this ought to make you apoplectic..

Say...did you know that due to the great recession and resulting economic crisis million upon millions of Americans receive federal subsidies in the form of the supplemental nutrition assistance program.

Further..did you know that in recent years..to decrease stigma associated with, and alleviate the discomfiture of persons having to present what was formerly known as 'food stamps'..there was this shift from said paper...to what are called EBT cards.

An EBT account is accessed using your EBT card. EBT is the acronym for Electronic Balance Transfer. The EBT card is used to access three separate but connected programs: medical assistance, cash assistance and the SNAP (Supplemental Nutrition Assistance Program) once commonly called food stamps. The EBT card is part of a national assistance program although it is administered by individual states. (i took that snippet from a site..you can google it it yad like...)

Anyhoo....states....contract with private companies..like fer instance JP morgan chase to administer said EBT cards....(Yikes)... what's that you say...a wall street firm Phil?

Yup a wall st firm.. they earn on every transaction. (Profiting from the misery of others, you dont say. >> I do say. it's distasteful, no?) an estimated $1.79 per transaction..

They're not the only company, but a large one, indeed. (Feel free to google more....but heres one with plenty...http://theeconomiccollapseblog.com/archives/the-more-americans-that-go-on-food-stamps-the-more-money-jp-morgan-makes

Anyway..carrying on...it's kind of deflating to read that a guy like romney worked for a company that outsourced jobs.

Kinda more deflating to read that a wall st co profits from the misery of americans...futher that theyre one of many..making boucoup (can't spell it..) bucks..

But the get yer goat thingy...JP Morgan Chase....they offshore the jobs that service this program.. http://www.theshriverbrief.org/2011/08/articles/economic-security-and-opportun/food-stamps/banks-make-huge-profits-on-food-stamps/

Now that's something ta spit at.
 

Cicero

Mayor
I look at it as a mirror of the southern border. The republicans have looked the other way for decades in order to get cheap labor. The democrats have looked the other way for decades in order to farm voters.

Both democrats and republicans have essentially ignored the flood of U.S. jobs and industries going over seas while at most making lip flapping motions about it. Nothing is going to change until middle class citizens have had enough to drag a few politicians through the streets and make examples out of them . . . and so nothing meaningful is ever going to happen.
 
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