60 Minutes: Devastating Story on National Unemployment (salaries, illegal aliens, health care, regular)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you ask me, the Tea Party, if it is truly a populist movement working for change that is claims to be, should be aiming its anger squarely on this matter. Corporations and the ruling class, as you put it--those who eagerly send jobs and contracts overseas to line their already full pockets. How much is enough?
the Tea Party, if ity is truly a grassroots movement for the middle class, should also be outing every single Senator who blocked the outsourcing bill in Sept.
I mean, WTF? Where was the outrage from the self-styled champions of the American worker?
That is the problem with "populist movements" they are only guided by anger, with little analysis and even less education which make them susceptible to the demagogue with the biggest bull horn (the bull part takes new meaning in this context). And because they don't have a real ideological basis they are easily co-opted.
I hate to use the Nazi analogy but it is an apt one. German corporate interest used the Nazi Party to exploit worker frustration and anger and as a result staved off any socialist or social democratic movements aimed at addressing the economic disparities caused by the Great Depression. Using Jews, homosexuals and others as scapegoats, German capitalist avoided, temporarily, making the kinds of reforms which insured economic justice for German workers. And while under no circumstances do I equate the Tea Party movement with National Socialism, the same reactionary tendencies are afoot, i.e., blaming the poor, Mexicans, Muslims and "socialist" for problems created by both political parties at the behest of the corporate interest by appealing to uber nationalism, and the mythologizing American history.
Quote:
Originally Posted by Grim Reader
Pointing out Inconvenient Truths, inc:
Some of the countries that have adapted most successfully to the new economy, such as Germany, Finland, Switzerland, Scandinavia, etc have far higher wages on the shop floor, much more welfare, and much bigger governments than the US.
They've managed quite well. Why can't the US manage?
Oh, we can but then the free ride for corporations would be over.
Every other European country has turned from QE measures to austerity measures except the US.
QE is not working. How long can we go on printing and hoping that prosperity will come back ?
I see austerity measures coming..possibly next year. With Europe cutting back and China not interested in our dollar..who is left to buy Treasuries each month ? Only Uncle Bennie and the Inkjets along with little Timmy.
So the Fed prints money and hands to the Treasury who gives them an IOU ?
That is what will bring the US back ???
Congress cannot bring the jobs back. Only the companies that offshored them can but why would they ?
If you look at the European "austerity" measures, they still have more generous social programs than we do at present. For example, France wants to raise the retirement age to. . . . 62! In the US it will soon be 67 for full benefits. All these countries have some form of UHC.
If you are over 50 and under 62, you should be horrified. If you get laid off, you will probably never work again.
I know a number of people who thought they were set and took an early retirement. Then their 401Ks went south, they panicked and took them out when the stock market bottomed, and now these early retirees are not living their dream. They have become full time tea partiers.
Lesson: Don't quit your day job too early or you might end up asking, "Do you want fries with that?"
Every other European country has turned from QE measures to austerity measures except the US.
QE is not working. How long can we go on printing and hoping that prosperity will come back ?
Someday I hope to get the schedule about when we should act like Europe and when we shouldn't. Or maybe I don't, perhaps is something just as simple as waiting for Europeans act like Republicans (when we should) or when they act like Democrats (when we shouldn't).
Quote:
China not interested in our dollar..who is left to buy Treasuries each month ?
I remember a quote from a major debtor who said he was unconcerned about defaulting on his loans during the Savings and Loan Crisis "when you owe the bank $1,000 the bank owns you. When you owe the bank $10,000, you own the bank." When 50-60 percent of China Investment Corporation portfolio is invested in U.S. securities the question of who owns whom becomes an interesting question.
Quote:
So the Fed prints money and hands to the Treasury who gives them an IOU ? That is what will bring the US back ???
As opposed to steadily declining revenues as a result of lower profits, wages, and tax cuts, and a public incapable of spending the economy back to health, what is your alternative?
Quote:
Congress cannot bring the jobs back. Only the companies that offshored them can but why would they ?
Lesson: Don't quit your day job too early or you might end up asking, "Do you want fries with that?"
I'd only be too happy to ask that, should I become unemployed. But it's unlikely that I'd get the chance; just as soon as a store manager sees my bachelor's degree and extensive employment history ... "Next!"
I'd only be too happy to ask that, should I become unemployed. But it's unlikely that I'd get the chance; just as soon as a store manager sees my bachelor's degree and extensive employment history ... "Next!"
That is because almost all the jobs left are in the "service" sector job market.
The "trickle down" jobs are ones that allow us the wait on the wealthy so that we might feed our children.
I'd only be too happy to ask that, should I become unemployed. But it's unlikely that I'd get the chance; just as soon as a store manager sees my bachelor's degree and extensive employment history ... "Next!"
Quite obviously you didn't see the 60 Minute piece which this tread is based around because during one segment the room was full of unemployed college graduates, many with advanced degrees and extensive employment histories. In point of fact that is one of the common denominators of the unemployed American worker.
My wife, who has a J.D. and an LL.M has over seen the wholesale slaughter of her peers who have to date gone through 5 rounds of layoffs over the course of the last two years and those that were let go ALL had advanced degrees and extensive employment histories.
You can sit there are act all high and mighty but you will come to learn that this is very much the "There by the grace of god, go I recession."
You can sit there are act all high and mighty but you will come to learn that this is very much the "There by the grace of god, go I recession."
I think you need to read my post again, sweetie.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
