"nom=de=plume" wrote in message ...

wrote in message
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On Fri, 1 Oct 2010 10:33:49 -0700, "nom=de=plume"
wrote:


wrote in message
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On Fri, 01 Oct 2010 03:59:32 -0400, bpuharic wrote:

On Fri, 01 Oct 2010 02:02:40 -0400, wrote:



The issue is not monetary policy, it is a decline in our capacity to
produce things we can sell the world.

and one of the biggest factors in this was the destruction of unions.
a recent series of articles in 'slate' showed that countries with
strong unions also have strong manufacturing bases. the right
destroyed the unions in this country and, bye bye manufacturing

The unions caused it to some degree by making our workers too
expensive to compete in a world market and not being willing to budge.
The only states that are growing in manufacturing capacity are the
non-union states.

You really can't blame the unions for screwed up, exploitive management
practices that caused the unions to be formed in the first place.


The question is what caused them to decline. You can blame it on
management but managers answer to stock holders, not unions.

Management has a judiciary obligation to stockholders to look at the
long-term view, even though stockholders might not appreciate that quarter
to quarter.

In the late 80s and beyond we rated the economy based on how the stock
market was doing, not how the workers were doing. We still rate the
economy on how the major stock indexes are doing.

Ok. Not sure what that has to do with the Fed, the decline of unions, or
anything else, but ok.

Bob dances around it but that was particularly true during the Clinton
administration. The decline of his middle class went into high gear
during that time. That was when major corporations started shedding
their senior employees in massive downsizing actions, just to pump up
stock prices. That was where his "prosperity" came from.
plumbers
Please define the "middle class."

Keep in mind that union workers are only about 8% of the work force.

http://www.thirdworldtraveler.com/Kr...ar_MClass.html




But an important 8% auto workers, steel workers, garment workers, teachers, postal employees, electricians, plumbers, carpenters ect.

When a union employed social worker pulls down almost 130K there's something wrong. The union fat cats are not suffering like the union membership is.

You have your head so far up your ass you're looking at your tonsils. Go away little girl. Hey. That's a song title, isn't it?

Harry
"The 'C' students run the world."