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2008-11-14 — blogspot.com
There seems to be a bias to do whatever it takes to support big bonus and dividend paying financial companies, even one as diverse as GE, but to continue to let the manufacturing sector and blue collar jobs go to hell in a handbasket for the sake of global competitiveness and lower wages.
Yesterday the talking heads on Bloomberg and CNBC were ripping US manufacturing for its bad management practices, and blue collar workers for their extravagant wages, while praising the use of public money to generously subsidize the financial sector that caused this mess.
Twisted, huh? And growing wages are responsible for inflation, in case you're wondering who's at fault there! Yes, that's right, it's you! Not the government, the Fed, or Wall Street bankers!
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Comments:
tvsterling at 08:28 2008-11-15 said:
Only the foolish deregulation of the Regan & Bush years is allowing this sneaky end run by these Supersuits to get on the gravy train. Putting their feet to the fire didn't work. I say put them to the sword. They are stealing America blind. Our grandchildren will still be paying for their party decades from now. We will never recover. Permalinkadd a comment | go to forum thread
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