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An unsafe world for US companies (is the worm turning?)

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donsu Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-04-05 01:45 PM
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An unsafe world for US companies (is the worm turning?)

http://www.atimes.com/atimes/Global_Economy/GK05Dj01.html

(this is a long article, four paragraphs don't do it justice)
-snip-

Increasingly, the business media is suggesting that corporate leaders, who once hoped the current administration would push the corporate globalization of the Bill Clinton years to new heights, now fear another fate from the international order Bush has created. Tax cuts and deregulation on the domestic front have been obvious bonuses, but otherwise many US multinationals face a troubling scene. The White House's failed CEOs have pursued a global agenda that, at best, benefits a narrow slice of the American business community and leaves the rest exposed to a world of popular resentment and economic uncertainty.

When it comes to the interventions of Bush, Cheney, Secretary of State Condoleezza Rice and the neo-conservatives in the global economy, "at best an average job" might be a charitable judgment, and "messed up big-time" could be closer to reality. Those business people who have yet to join the majority that opposes the president's handling of his war in Iraq - or the increasing chorus of conservative critics who have begun questioning the administration's foreign policy - may soon have a long list of reasons to get on the bandwagon, starting with the bottom line.

-snip-

Hundreds of companies blame the Iraq war for poor financial results in 2003, many warning that continued US military involvement there could harm this year's performance. In recent regulatory filings at the Securities and Exchange Commission (SEC), airlines, home builders, broadcasters, mortgage providers, mutual funds and others directly blame the war for lower revenues and profits last year.

-snip-

Neither of these alternative camps will seem particularly appealing to progressives, but they pose a genuine threat to the imperial globalists who seem incapable of extracting themselves from Iraq. Indeed, intra-party rivalry among the Republicans - which is likely to increase as we enter an election year - could play a vital role in turning White House hawks into dead ducks. All the better if this avian transformation is sped by dissatisfaction from corporate leaders reevaluating the costs of Bush foreign policy and deciding that empire just doesn't pay.
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"just doesn't pay."
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TheFarseer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-04-05 01:53 PM
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1. So they just don't like the war?
The outsourcing, lax labor and pollution standards, low wages, bailing on pensions, tax cuts, and outrageous salaries for themselves is still OK?
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