Robert Oak's blog

Just another Day of More Bad Trade Deals and Elected Officials Who Don't Care

Americans Don't Want It.  Analysis Shows It Hurts People.  Yet Congress and This President Could Care Less.  What's fascinating is how we've seen this dance before and no matter how many put up a fight, more disastrous trade treaties get passed and enacted into law anyway.

Welcome to 2015

Happy New Year From The Economic Populist!  Another day, another year.  We hope 2015 is finally the time of the middle class.  Will finally wages increase, will jobs and careers recover?  So far that has not been the case, although 2014 is when hope for U.S. workers glimmered on the horizon.  We've survived the three biggest days to die in the United States, Christmas, Boxing day and New Years.  Now an onslaught of Republicans will take over Congress, so we can be assured any legislation to help the U.S. middle class will not be enacted.

China Trade Deficit Has Cost the United States 3.2 Million Jobs

If anyone believes offshore outsourcing jobs is passé and not impacting U.S. labor markets think again.  The Economic Policy Institute has published a new study showing America has lost millions of jobs to China's cheap labor market.  From 2001 to 2013, the massive trade deficit with China has cost the United States 3.2 million jobs.

American Workers Put Last in Obama's Amnesty

The word is Obama at all costs is going to grant work permits along with amnesty to millions here illegally in the United States.  This is when the jobs market still has not recovered.  The latest leak shows Obama plans on giving amnesty and work permits to another 4.5 million illegals and U.S. permanent resident status to over half a million imported workers currently on guest worker Visas.

The Browbeat and Baffle Political Battle

It never ceases to disgust, horrify and amaze how people are hoodwinked by marketing, media and advertizing.  A textbook case is election 2014.  States have measures on the ballot, and Oregon has one that big business in particular doesn't like.  As a result the campaign to defeat it has become the costliest in Oregon history as big business pounds the airwaves with their deep pocket funded misleading and manipulative ads.

Graphing American Wage Statistics Is Not a Pretty Picture

The rich get richer and income inequality in America continues to grow in 2013.  The wage situation improved from 2012, but it's still pretty bad.  The median wage was $28,031.02 in 2013 a paltry 1.9% increase from 2012.  While the ratio of median wage to average wage improved, the 110 super rich are now earning 2595 times more than average workers.

Wikileaks Exposes Trans-Pacific Partnership as Bad Trade Deal Again

Enslaved through trade,  That seems to be the agenda with trade agreements these days.  Over and over again national law, the common good is overwritten through bad trade deals.  Wikileaks has exposed yet another horror from the Trans-Pacific Partnership (TPP) trade agreement being negotiated.  It seems freedom loving, Democratic United States is leading the charge to ensure life saving drugs are not affordable for most people.

The Great Walmart Worker Squeeze

Walmart is at it again, slashing benefits for their workers.  This time Walmart will deny health insurance to employees working less than 30 hours a week.  That's about 28,000 Walmart workers.  Walmart isn't alone in throwing part-time workers under the healthcare bus as Target, Home Depot, Walgreens and Trader Joe’s. have already denied healthcare coverage for their workers.

Big Pharma Ripoffs on Cancer Patients Makes 60 Minutes

How much would you pay for a year of life?  It seems Big Pharma has figured that number out and are charging over $100,000 a year for life saving Cancer drugs.  Yes, surprise, surprise, the more dire the disease, the more the great for profit pharmaceutical industry is charging for the cure.  In 2012 alone, of the 12 cancer drugs approved by the FDA, 11 cost over $100,000.

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