Cramer vs. Cramer: George Oilwellian slams one out of the ballpark.

[The Backlash Cometh]

For those who have seen the Cramer meltdown and have heard his anti-union tirade last night, you might want to take a peek at fellow DUer, George Oilwellian's, artistic video montage:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x57684

Thanks, GO, for bringing an idea to life.

[Coexist]

1. it is a must watch.

Cramer crying and ranting for his hedge fund buddies, whilst blissfully chirping "break the Union, bust the UAW, its good for America"

[The Backlash Cometh]

5. Thanks FlDem5

For you support, and your thread.

[Oilwellian]

2. It was my pleasure

Thank YOU Backlash for coming up with this brilliant idea to show corporate America's obvious attempt to break the unions in this country. When the unions go, so goes the middle class and America as we know it.

[The Backlash Cometh]

4. An idea is only an opinion, until someone has the ability to communicate

it properly. Thank you for offsetting my weakness.

[lapfog_1]

3. The video makes the point that I've been talking about

and writing about for over 5 years now.

When the race to the bottom is "over" (all the jobs have moved to the cheapest labor pool possible), who will be left to buy the stuff???

How can this be good for all of these corporations 5 or 10 years hence?

In the drive for short term profits and market equity (high stock price), they are literally signing their own death warrants when one looks beyond this quarter and this year.

And don't bet that those $1/hour and $.50/hour workers in China and other places will take up the slack and buy those IPhones and refrigerators and cars and computers.

[The Backlash Cometh]

6. Black markets in third world countries will undercut any potential

consumerism that they think they will create on the supply side of the economic formula.

Take the video rental business. Overseas, people were turning their garages into mini Blockbuster video stores. And all the videos on the shelves, were bootlegged copies. None were originals. The rentals were dirt cheap, because the clientele were people use to a lower cost of living.

I'm laughing my ass off thinking that these corporations in America think that "conspicuous consumption" is something that they will see realized in their lifetimes in third world countries.

[lapfog_1]

7. "China is such a HUGE market!!!"

How many times have we heard that in our business lives.

It was a lie then... it is a lie now, and it will be a lie in the future.

[DaveJ]

8. Is manufacturing the only way to make money?

Let me play devil's advocate. Physically manufacturing items in other countries does not prohibit management positions from being created in America. Nobody is being prevented from engineering their own products, manufacturing them overseas, and then selling them. Maybe that's the way to make money in the future.

[lapfog_1]

9. Correct, but then neither was farming before it.

We moved from a majority of the population farming, to the majority manufacturing, to, finally, a majority doing retail and managing information.

Farming was, by and large, automated.

Manufacturing will be automated, this outsourcing is intermediate step to complete automation, and only because the foreign labor "looks" cheap right now. Retail has gone through one revolution which is still just begun (internet). Managing information can be outsourced just as easily as manufacturing, all you need is an educated foreign population willing to work for non first world (Europe, US and Canada, Japan and a few other Asian locations) wages. Which is what is happening now. Management (not of information but of process and business) can be outsourced as well. If your workers are all in India, why shouldn't your VP of Human Resources be in India... and the VP of Production in China, and the CTO in Russia, China, or India. And if your corporate officers are there, why shouldn't your President and CEO be there too? There are plenty of MBA graduates in India now that would make fine CEOs for a lot less money than we pay US based CEOs.

The only thing left here is the remaining retail and shipping (which is why I'm now a trucking company owner instead of a software engineer). But that's not a lot of jobs... and I worry that 5 more down the line (or maybe 10), there won't BE any customers (consumers) to buy stuff (because they all have McJobs flipping burgers or working cash registers). Even health care is being outsourced (people are now flying to India to have surgery... if the telepresence technology is perfected, all they will need is an operating room here, staffed by people in other countries.

The "war" on the middle class will be complete. No more middle class. No more consumers. So who is going to buy whatever it is that I design and try to sell?

[DaveJ]

10. I think the information age still has more potential

People need to learn how to take control of supply channels in such a way that they are direct recipients of business income. Any manager that is hired by a corporation will not be paid well, but instead be comparable to, say, a McDonald's manager who's stature is in title only. But Americans who can truly manage, and know what they are doing, can still make money with new and creative products and services. Technical skills needed for product design are also valuable, but only if utilized correctly.

For instance, the Google guys, the YouTube guys, etc., are examples, and I think there is a limitless number of other untapped opportunities, maybe not on such a large scale, but still plenty out there to go around.

At the moment, we are in a cannibalistic economy where working for someone is the worst situation to be in. Fortunately there are other productive ways to make money, I think.