Now that the primary is over and many Progressives are now stunned at the realities of Obama being center (I always take that term to mean multinational corporations and the super rich agenda) and McCain is running around with the queen of offshore outsourcing, Carly Fiorina, who isn't even an economist, a huge question emerges of NOW WHAT?
The Economist's View has a good post on how to bring about transformative change we really need in this country.
Instead of shilling for Barack, or Hillary, or whoever, we should have been pressuring the candidates to work for our votes
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we're like cheap dates
S&P placed all three carmakers' credit ratings on CreditWatch with negative implications, according to a statement today. New York-based S&P, a unit of McGraw-Hill Cos., said it may also downgrade the companies' financing arms
I found this one pretty amazing, they are wanting to bring over Indian truck drivers into the United States claiming there is a huge shortage of truck drivers in the US.
Now who here believes that? But that's the mantra for global labor arbitrage, to claim a shortage.
Hundreds of people across the country have been arrested by law enforcement officials targeting crooked mortgage brokers, real estate agents, and other industry officials, Justice Department officials said Thursday.
Losses in the fraud cases total about $1 billion, the FBI estimates.
I wrote a piece earlier on FET (Fictional Employment Theory) which is currently being touted by corporate lobbyists as well as our Political leaders, which tries to claim displacing US workers somehow creates jobs.
I don't know if any of ya all have been tracking this, but Boeing lost a major contract while Airbus, i.e. offshore outsourcing won the airforce tanker.
The GAO just agreed with Boeing and sustained their protest, which is good because it keeps taxpayer dollars in the US more for US jobs.
The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s.
In its latest quarterly report, the body points out that the Great Depression of the 1930s was not foreseen and that commentators on the financial turmoil, instigated by the US sub-prime mortgage crisis, may not have grasped the level of exposure that lies at its heart.
Well, I'm not alone here refusing to believe that Obama is a Progressive, look at what The Nation's Naomi Klein has to say.
All I can say is I hope all of those disenfranchised Hillary voters swearing to vote McCain put their rage to good use and start demanding one of these candidates start adopting policy that is actually good for the nation and working America.
Recently an individual emailed me believing increased fuel costs would magically bring back his service job (engineering). Not so, I pointed out, for unlike manufacturing which requires raw materials, components, shipped around the globe per their ill advised and little analyzed global supply chain fuel and transportation costs, service jobs can be offshore outsourced with almost no supply chain costs whatsoever. And no, putting a toll booth on the Internet super highway is not the answer.
That said, for manufacturing there might be a silver lining to rising energy costs. According to the Wall Street Journal, High cost of shipping goods brings some jobs back to U.S., global supply chain costs are taking their toll:
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