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POPSMiddle Class Poverty Soon, we will all be added to the list of poverty as what we know as the "Middle Class" disappears altogether. If you think the 21st century Robber Barons plan to stop this massive wage degradation, you better hang on to your britches. Like the wealthy Robber Barons of Mexico, our corporations won't stop the next added 20 million ILLegal migrants -- nor will they stop the insourcing, offshoring and outsourcing of jobs.
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POPSAnd the news gets worse for workers The article continues, "And Rhode Island, not generally known as a manufacturing hub, has suffered. The industrial conglomerate Textron Inc., which is based in Providence and makes Cessna jets and Bell helicopters, laid off 2,200 of its 43,000 workers last year." Even this article, arguably the closest thing I have seen to the truth in a long time, is totally missing it. Michigan is not dead because of the "faltering" auto industry. Michigan is dead because the NOW faltering auto makers sent the supplier jobs overseas. To companies where the workers would NEVER be able to buy their products. And now, neither can we. As the mass execution of the middle class rages on, it is apparent that reality is not going to pay the experts a visit soon. We, America, will cease to exist because we traded our jobs, futures and wealth, for cheap socks and bigger government. We could stop it IF we wake up and band together. But we won't.
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POPSSave the City, Save the World? Starhawk wrote a book Five Sacred Things, that postulated SF as being the centre of a somewhat utopian new society. Looks like the people there are actually aiming for that in reality too. Kinda cool.
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POPSKeep telling yourself that offshoring was good for us US Tool, machine builder and other industrial companies on the brink. We have been lied to about globalization and the realization that we offshored our prosperity for temporary profits will eventually become undeniable to all. Sadly, it will come too late. This mess is a government greed vs. America's backbone and the backbone lost. Wake up people before YOUR industry is destroyed like American manufacturing was.
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POPSPaul Craig Roberts: Obama and the fall into tyranny Obama is too smart not to know that US foreign policy has been shanghaied by the Lobby, not in order to protect innocent Israel but to enable Israel’s territorial expansion. Obama has dispelled hope on the economic front as well. Obama has appointed two leading apologists for jobs offshoring as his economic advisors -- Bill Clinton’s Treasury Secretary Robert Rubin and Rubin associate Jason Furman. These two are notorious for their justifications of policies that benefit Wall Street, CEOs, and large retailers at the expense of the economic well-being and careers of millions of Americans. As a result of offshoring, good jobs in America are disappearing. The Bureau of Labor Statistics job figures make it totally clear that the US economy has ceased creating net new middle class jobs in the private economy in the 21st century.
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POPSU.S. Offshoring and Multinational Corporations Perhaps the ultimate expression of capitalism results in the export of jobs to lowest-cost countries to enable what used to be “American companies”, now multinational corporations that have the sole goal of maximizing their corporate profits. The ultimate political expression has evolved to a sector of the world that is, in effect, ruled by multinational corporations. What is worse is that these multinationals fail to realize that ultimately they are undercutting their own profits and shrinking their own market by underminding their own profit center in formerly prosperous prime economies. The bonus from offshoring can only last so long and is highly subject to proper application and use within a given multinational corporation. Offshoring is not a cure-all for corporate profits, nor a real solution for long-term benefit to anyone. No government contracts should be given to multinational corporations, ever!
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POPSThe Return of the Robber Barons Another deceit is the measure called “core inflation.” This measure of inflation excludes food and energy, two large components of the average family’s budget. Wall Street and corporations and, therefore, the media emphasize core inflation, because it holds down cost of living increases and interest rates. In the second quarter of this year, the Consumer Price Index (CPI), a more complete measure of inflation, increased at an annual rate of 5.2 per cent compared to 2.3 per cent for core inflation. An examination of how inflation is measured quickly reveals the games played to deceive the American people. Housing prices are not in the index. Instead, the rental rate of housing is used as a proxy for housing prices. More games are played with the goods and services whose prices comprise the weighted market basket used to estimate inflation. If beef prices rise, for example, the index shifts toward lower priced chicken.
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