Middle Class Job Losses Batter Economy

Associated Press | January 2 2006 | Associated Press and Vicki Smith

[hedgetrimmer]

The way it works at present is that the US not only guarantees corporations against losses, with your tax dollars and mine, but it paves the way for companies to move with "trade capacity building" building roads, water storage, power infrastructure and IT infrastructure, with your tax dollars and mine.The fraudulently named "free trade" system is a scam of global proportions on the American people and our economy.

[raybbr]

In this age of Information RIGHT Bloody Now, it's the way businesses have evolved: week by week, month by month, quarter by quarter. Two, five, ten years from now.......where will these companies be?

And the almighty stock market, which is being touted as the savior of all, is no longer looked at as an investment. It is now just there to take profit when it's there and to hell with the corporation's future.

[hedgetrimmer]

Where am I confused?

The workers are your fellow citizens. Since it is the American way to stand up for your neighbor, then do it. When his job is being moved overseas so that third world countries can have the money as agreed upon in the WTO ministerials, you see the essence of global authority unauthorized by the American people in action.

Now you can help your neighbor by standing up for his rights. His right to a representative government, not an centrally planned economy run by the WTO and foreign interests. Stand up for his right to have a voice in his own government, which means taking trade decision out of the hands of the "free traders" and put it back into Congress. It means to put the American people before the people of foreign countries that are taking our tax money to in a misguided welfare effort to "fight poverty". It means to stop taxing him to death so that you can send that money out of country to benefit foreign nations and corrupt governments. It means to stop illegal immigration and the hemorrhaging of money out of our country through remittances-- its up to $200 billion annually. I hope this helps.

[nopardons]

No, it really isn't a pejorative.

Buy a good dictionary and use it. ;^)

[N3WBI3]

And when those knowledge jobs go to India and China I hope you find more pity and patriotism than you seem to have right now..

[janetgreen]

you do need to educate yourself on this topic, more thoroughly

Funny, I was just thinking the same thing about you. We'll just have to agree to disagree.

[RightOnline]

I don't get your point....nor your question to me. My post was quite clear. Elucidate and I will gladly respond.

By the way.....don't ask me to defend unions. I find them crooked, tired anachronisms.

[handy]

[nopardons]

Unlike you and a few others, I do understand the topic. :-)

[nopardons]

Both.

[RightOnline]

"It is now just there to take profit when it's there and to hell with the corporation's future."

Yes, quite correct......but as I said, there is plenty of blame to go around.

Some poster above actually said to me 'these are union guys, NOT investors"......and he must have been asleep for the last 15 years. Any 'union guy' knocking down upper-5-to-6-figures per year is DEFINITELY an investor in one form or another.

We get on our computers with high-speed Internet access and we watch our stocks, our mutual funds, etc. by the blood HOUR, sometimes less.......and 'we' react accordingly.

Wall Street responds......you know the rest.

It's a mindset; 'give me mine, NOW'. We, as Americans, never think long term. Ever. EVER.

[RFEngineer]

"B'zzzt! Wrong to the extent of the $700 billion trade imbalance"


B'zzzt-B'zzzt-B'zzzt! I'll take static analysis for $1000 Alex.......

I'm not saying the $700B trade imbalance is a good thing, I'm just saying that your "cure" would likely (we will probably never get to find out) erase far more capital and cause far more job losses than doing nothing.

The $700B trade imbalance doesn't count everything, but not being well versed in the source of the imbalance numbers, I'd look for someone with more expertise to chime in.....I am pretty sure....pretty sure....that this doesn't include services. I'm also pretty sure it's skewed a bit by export/reimportation practices (but admittedly, I'm out on a limb) I'm not saying it makes up for $700B, but that number needs some context.

There is more to consider than trade imbalance......we could reduce it to ZERO by stopping all economic activity - I think you would agree that would be a bad thing. What you suggest comes pretty darn close to that.

[nopardons]

There is no such word as "anyways". It isn't even a true word, nor a corruption of a conjunction, as "ain't" was/is.

Where does "open borders" come into it? That's really stretching!

"Corporatist ( another nonword !) fascism"? Better untie that tinfoil hat...it's on far too tightly and has cut of the blood supply to your brain!

Let me guess...you're an isolationist too and one of the few pitchforkers that survived FR's 2000 purge; right? :-)

[nopardons]

Oooooooooops...you weren't here in 2000. Too bad. LOL

[hedgetrimmer]

There is no such word as "anyways".

Huh! Is that right? I first saw it in one of your posts. Go figure.

[Sunnyflorida]

Solution:

Get a good education.
Do not become dependent on the nanny-state.
Free capital markets. Increased competition.
Hard work.
Invest and save.
Never stop learning.
Trust your instincts and take care of your family.
Don't be afraid to take calculated chances and always strive to be better.

[Sunnyflorida]

"Yes you can, but it will be a Kia and not a Ford."

So?

[eeevil conservative]

well I guess it is obvious that I am not an economics major.....lol... I am under the impression that a lot of the car manufacturers are under a lot of financila distress- partly brought on by Union demands- especially when it comes to health care benefits. I don't understand why I am supposed to feel sympathy for this guy in the story that has been employed at the same place for over 30 years. "Back when I hired in at General Motors 30 years ago, it seemed like a good, secure job," said Fairbanks, president since June of UAW Local 1618. Since then, "I've seen good times and I've seen bad times. This qualifies as a bad time, in more ways than one." I would say that 30 yrs at the same place was a VERY SECURE JOB! Why am I supposed to feel sorry for this guy? That is my question.....

[nopardons]

No American, at NO time, has EVER been guaranteed a job! And nobody ( well, except fellow union members ) has ever, in the nation's history, has EVER "stood up" to "save" someone else's job. What on earth are you talking about? You can't "help your neighbor" save his job and it is NOT your nor my responsibility to do so.

[nopardons]

Then you don't read very many posts on FR. Sadly, many posts contain this no-such-word-exists word.