AUG#: +130,000 jobs.

Unemployment up at 3.7%...AUG jobs under Trump HERE

Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, November 16, 2011

The Role of the Government in Capitalism

"Why do you think corporations are sending jobs overseas? Lower costs? Larger margins? Cheaper labor? Less taxes? Less regulations? Unions?"

This series of questions was asked by someone commenting on an article about jobs a few weeks back.  The person posing the questions seemed to be hostile:  He wanted to make sure that people who were complaining about the lack of jobs understood that the problem was all of those regulations, nasty unions, the insistence of the American labor force on fair wages and working conditions.  (Just a touch of sarcasm there.)


I didn't reply to that particular post, but I did copy these questions and thought about them, as these kinds of questions are typical in discussions about the current jobs crisis. 

Do we want to become a Third World country?



After consideration, here's my reply to the series of questions in the first paragraph:

Wednesday, September 28, 2011

No, New York Times, You've Got It Wrong... Kinda


"As Scorn for Vote Grows, Protests Surge Around Globe"

"'Voting is worthless?'  Global protests share contempt 
for democracy"


So scream the headlines for this article at the New York Times, which was reprinted by MSNBC today.  The article starts:

From India to Israel to Spain, and even on Wall Street, demonstrators appear to have little faith in the ballot box.
The protesters all over the world don't necessarily share a "contempt for democracy". 

These are movements FOR democracy.  

What these protesters share is a contempt for the corruption and the shortcomings of democracy as it is currently practiced in most so-called "democracies".  They scorn a democracy which has been corrupted by the need for billion-dollar campaign chests.  They distrust a democracy in which the corporate-owned media are biased and free to publish or broadcast distortions, innuendo, or out-and-out lies.

They have little faith in representatives who need to make nice with lobbyists as soon as they move to the capital or provincial or state houses.  They are tired of seeing their democracies being "bought off" by the rich and powerful.  They are angry that voting often means holding your nose and voting for the "lesser or two evils" instead of finding candidates that clearly care about the people and the country and will stick to their principles.

Now the following statement from the article is true:

These protesters share something else: wariness, even contempt, toward traditional politicians and the democratic political process they preside over.
But that doesn't mean they share a  "contempt for democracy".  No, they value democracy; they embrace it; they cherish it.  And they know that  what passes for democracy, both here and abroad, is a poor shadow of the real thing. 

These people, young and old, but mostly young, know things can and should be better.


More power to all of them everywhere.

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You may also wish to read: 
The Unemployed: Lazy? Irresponsible? Spongers or slackers? The New Poor in America
Who Should Advocate for the Poor and the Elderly in the Debt Mess?
Chinese Slave Workers Add To Steve Jobs' Coffers
The Assault on the Homeless: No Soup For You!
 Crushing the Human Spirit Indeed!
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Saturday, July 30, 2011

Why There is a Debt Ceiling Crisis

"We are having a debt-ceiling crisis because Congress has given the president contradictory commands; it has ordered the president to spend money, and it has forbidden him to borrow enough money to obey its orders."


So speaks Jack Balkin, Knight Professor of Constitutional Law at Yale.  
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Updated jobs numbers for July on Friday, August 5.Check back then.
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I love his initial paragraph about why we are having this crisis, and I thoroughly appreciate his analysis of the various (creative) strategies that are available to Obama, including a discussion of the 14th amendment possibilities.  

What strategies are open to Obama?

Balkin talks about a trillion dollar coin and a mortgage from the Federal Reserve.  

Read about Balkin's ideas here.