Here's a comment from a Wall Street Newsletter which says,..basically,... "It's all the workers fault". They claim it is the WORKERS that sent jobs to China.. HUH? WTF? This newsletter is ful of crap. Don't waste your time reading it... I just posted as an example of how the Repukes are once again gaming the system.
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http://www.traderview.com/economiccommentary/tedbitsEconomicCommentary.asp(snip)
Unions that have monopolies on the labor in the industries they organize have driven off shore every industry except autos, airlines, health care and government services. Health care, airlines and autos are all bankrupt or passing the cost to consumers for the excess compensation; the only industries which could not leave by definition. Now they want to expand there reach to Wal-Mart and others who have remained competitive, and they expect Obama and the Democratic Party to pass laws which will make their organizing activities subject to thugs and fraught with peril for those that dare to cross the bullies. The elite poster child of this effort will be Wal-Mart. Everyday low prices will disappear for everybody so a few unionized employees can be OVERPAID.
Barack Obama has now been elected and his policies will mirror those of Franklin Roosevelt. A new “NEW DEAL” looms and just as the new deal lead to a lost decade economically, it will do so NOW. Hope is not a good trading strategy or a recipe for economic growth. The “something for nothing” constituent will now demand government DO SOMETHING and a wrecking ball looms in our futures. There will be a DEPRESSION and, although deflationary NOW, hyperinflation looms as EVERY government solution will CONSUME more then it creates, producing vast new requirements for MONEY and credit creation; also known as the printing press and deficit spending. They are putting NOOSES around the necks of the public, for now and the FUTURE.