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The World's News - Follow Ray Tapajna in his journey in the Global Economic Arena

Free Trade is not trade. It is primarily about moving production from place to place anywhere in the world for the sake of cheaper labor. The value of workers and labor has been degraded and deflated. This represents trillions of dollars lost in the process

Conservative Governor hands out Corporate Welfare

December 8th 2011 01:20
Gov. John Kasich of Ohio is passing one of the biggest corporate welfare deals ever.
By Ray Tapajna
Our Governor John Kasich played a big role in the downfall of our economy when he joined hands with Pres. Clinton, Rep Newt Gingrich in the passing of free trade agreements in the 1990s. He made a fortune playing the game afterwards in the investment community. He is a globalist free trader and has betrayed workers for a great part of his life.

He is giving taxpayers money away to some of the largest corporations in Ohio while he hounds small businesses and failed businesses for back taxes.

He is giving $49.5 million in tax breaks to a record 30 firms in Ohio including Ford , Timken and Am Trust. Companies like American Greetings and Diebold got similar deals in the recent past. Nothing is said how these tax breaks effect other businesses who are competing with these companies He tells how many jobs will be saved and how many new jobs are being created but does not tell the public how long it will take to recoup the money from the tax breaks nor how many other businesses are affected by them.

Timken talks a lot about the need to save local economies and jobs but they leave out the story of how many jobs were lost when they moved much of their production outside of the USA.

Those who lost their businesses due to free trade were once told they would be given help but no help ever came. I personally saw thousands of companies close down due to free trade and these contradictions hit home in more ways than one as the state goes around hounding some of the fallen companies for back taxes instead of helping them.

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