Thursday, October 13, 2011

Richest Congressman Practiced Republican Job Creationism in China

The richest man in Congress, Darrell Issa, was on NPR  the other day talking about the Postal Service where he brilliantly observed that “as a businessman, that no matter what they say, they have more than a small cash flow problem.” That comment was to establish his credentials as a "successful businessman" before his next move which was to propose a classic management maneuver: cut wages. Issa wants to establish a Government Control Board that could impose wage and benefit reductions on Postal workers. This is just good business. Never mind that Congress has refused to invest in the postal service, let it modernize, or even raise the 44 cent price of sending a letter from New York to California (something UPS charges between $23 and $71 to do) while demonizing its management and workers for the large losses.
Here is yet another millionaire businessman doing his vision thing on the economy. Cut wages, increase profits, cut wages, make money, cut wages, run for Congress.

Issa, through his company Directed Electronics, is responsible for more nights of disturbed sleep than anyone else  in America thanks to his annoying car alarms. The company's home page states, “Directed Electronics is the largest designer and marketer in North America of consumer-branded vehicle security and remote start systems ,” Notice it doesn't say manufacturer. Guess what that means. In all likelihood their products are not made in America. Like so much other junk that is sold here, they are made in China or Thailand or Indonesia, or even Japan. So, the richest capitalist  in Congress made his fortune without ever creating an American manufacturing job. (Oh, except at that factory in Cleveland that burned down.) Issa is a Republican and I think it is safe to assume he supports his party's low tax on business platform. Why wouldn't he? He is one of its greatest beneficiaries.

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