Labor: Job loss not 'abstract,' only sec'y

Another gloom and doomer...just what we need.

Paulo

This is on the FP of Marketwatch today;

"SANTA MONICA, Calif. (MarketWatch) -- There's a $700 trillion elephant in the room and it's time we found out how much it really weighs on the economy.
Derivative contracts total about three-quarters of a quadrillion dollars in "notional" amounts, according to the Bank for International Settlements. These contracts are tallied in notional values because no one really can say how much they are worth."

There's that new word again!
$3/4 QUADRILLION

Paulo - so it's "doomer and gloomer" if she reports the facts? Do you believe those 8.1 million people unemployed are a publicity stunt? I bet they could share your carelessness.

As the governments of the world from Russia and China to America and Australia sink towards their demise in Deflation/De-leveraging or Hyper-inflation/Quantitative Easing, do any of them seem to know that the era of the paternalistic/welfare/socialist state is over? If so they hide it well.

Opposition to labor rights is done on ideological (Republican) grounds, namely, that labor shouldn't have rights; that management is best when it is not fettered by input from workers (or other stakeholders, for that matter, but that's beyond the purview of EFCA).

There is no economic reason to treat employers as if they are authoritarian, semi-sovereign governments. In fact, much of the economic literature assumes as a fundamental premise ideas like costless bargaining and perfect information and that all actors are price takers. Some of Adam Smith's most direct and impassioned language occurs when discussing the dangers of unchecked industrialists, and that's long before the rise of the modern corporation. He was worried about their influence on Parliament back in the 18th century.

The corporate structure (that Republicans cater to) has to be either subservient to or master of our political process. There is no in between because this process is precisely how we allocate the resources of society, how we decide how much of our productivity goes to the workers doing the work. Either capital gains are taxed at a different rate from other types of income, or they're not. Either children are allowed to work, or they're not. Either whistleblowers can be retaliated against, or they can't. Either workers are allowed to bargain collectively, or they aren't.

The unions didn't force the Bush Administration to leave office with $10 trillion in debt. $1 trillion+ in tax cuts to the top 5% given on credit. They didn't force the deregulation of the banking sector, they didn't turn Wall Street into a Vegas casino.

The 30 year Conservative Era that just ended has made unions practically irrelevant, meanwhile conservatives have destroyed the economy. Blame low income home buyers and unions if it justifies your beliefs but the rest of the country is waking up to the lies and failures of conservatism.

Palinbot,
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Obama is turning $10 Trillion in debt into $20 Trillion.
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The Gramm-Leach Bill was passed by a vote of 90 - 8 and signed into law by President Clinton.
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A reason Wall Street is a casino today is because of added risk to the market cause by Obama's economic plans. The capitalistic markets do not react well to a heavy dose of socialism.
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Zero for Three

Zero for Three
Posted by: Terry | March 6, 2009 5:31 PM
........

Trickledown Boy, you are such a clown,
Palinbot pointed out that Pres Obama wouldn't have had to spend to stimulate the economy if the unfettered deregulated free market Repug cowboys that you cheerlead for hadn't already raided the US treasury for their friends at Halliburton, Blackwater etc.

As usual, you haven't done on anything on here other than make a fool of yourself. Why don't you shut off mommys computer and go beat your dog or something...?

Girls Name,
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Show me where in Palinbots post that he mentions Halliburton, Blackwater, etc.. - He doesn't. But don't let teh facts stand in the way of the story.
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I pointed out where the deregulation occurred 90 - 8 vote and signed by Clinton. Good thing the dems had nothing to do with it.
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Why don't you get your date drunk by spilling a drink on your hand and have a good time.

" I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed."

Abraham Lincoln, 16th American President, 1809-1865.

Who is Hilda Solis? Everything you need to know about Hilda Solis is in bold letters on the bottom of the sign on the front of the podium:
AFL-CIO. She is the Secretary of Unions and she will put empowerment of unions through the Employee-free Choice Act above the interests of American workers. These "corporations" extort wealth from employers under the ruse of improving working conditions but in fact uniformly make those employers uncompetitive. That is why they have thrived only in the public sector, where they can endlessly gouge the public for higher taxes by using the extorted private-sector "surplus" (mandatory worker dues and political contributions) to elect candidates that return the favor with more and more public-sector membership and the new revenue streams from the pay of those public sector employees. Yes, it a heinous and odious business. Because it preys upon the most noble and altuistic of motivations in the most craven and manipulative way. That is who Hilda Solis is. The new face of the Organized Labor special-interest lobbying group: American Rights at Work (ARAW), of which she was a Director and Treasurer while serving in Congress.

"Heads on a Stick" Vote NO on 1-A. Yell, Scream, E-Mail, Fax, Phone "your" Senator and insist E-Verify be included in every piece of legislation. Elected employees of yours like Pelosi, Reid, Feinstein, Boxer and others (are they all Communist Anti-Americans?) are working hard to put Americans on the bread line and illegals on the job line so all can be manipulated and controlled. Revolt, Rebel, RECALL. Deport the illegals. They are all criminals. Send their spawn with them.