Posts Tagged ‘economics’

Can We Afford to be Optimistic?

On Google News this morning I found an article called U.S. Shed Fewer Jobs Than Expected in April. My first reaction to the headline and the first paragraph was hopeful. We’ve only lost 20,000 jobs. And according to a related article on NPR, we’ve gained more in the medical field! But should we really be jumping for joy right away? We may be jumping the gun if we do that.

… continue reading this entry.

Pounds and Sense

Wow. Britain’s doing well. Pound to dollars from http://www.xe.com, the first hit on Google when you put in “currency exchange.”

Live rates at 2008.01.08 04:49:08 UTC

1.00 GBP

=

1.97120 USD

United Kingdom Pounds   United States Dollars
1 GBP = 1.97120 USD   1 USD = 0.507305 GBP

To those of you who aren’t math wizards, this shows that the pound is nearly double the worth of the dollar.

I have just been informed that Britain’s minimum wage starts at 7 pounds per hour. I’m making £4.05886 per hour. I’m I’m fifty cents above my state’s minimum wage. That is sad.

To all you who will scream that they have higher taxes and crappy health care and every other claim not founded on relevant studies, I’d just like you to look again at the exchange rate. Their minimum wage is DOUBLE our highest state minimum (CA, at $7.50/hr, or £3.80476). Again, their minimum wage is DOUBLE our highest state minimum.

Don’t we shame sweat-shops and near slave labor over here in the US?

Thank you George W. Bush. You fascist.

Correction:

California’s minimum wage just went up at the New Year to $8/hr. And my company did not give any of it’s employees cost of living raises.

How Wrong Were They?

So there are a lot of funny anecdotal books out in the humor section in Borders that have titles like “Stupidest Things Ever Said.” Many times you find that these quotes are merely premature ramblings by people who aren’t very far-sighted when it comes to the future. One such example would be August Lumiere telling someone his invention (a device for showing moving pictures) would never have a market. Another is Bill Gates saying that 56 megs of ram would be all anyone would ever need on a computer.

… continue reading this entry.

Trickle Down, my Arse

Great article on Daily Kos regarding the voodoo economics and how Americans are still waiting for money to trickle down from the horrendously wealthy so they can receive social benefits. Hopefully, America isn’t holding it’s breath. Does it make sense that two people living with developmental disabilities are forced to not get married because if they did, their SSI check (about $600 per month for each) would be cut in half? Where is this trickle down effect? If it were working, wouldn’t we have a much better economy right now? After all, Regeanomics started the ball rolling many years ago.

… continue reading this entry.

Barbie Dolls and Message Boards

Deadly Barbie Dolls

So, with the toys, the dog food and the toothpaste, the number one problem with importing goods from China without protective tariffs is no longer just the fact that it is squashing the manufacturing jobs of Americans who have worked hard, paid their union dues, and tried to raise their families. And you wonder why I don’t shop at Wal-Mart?

I don’t mind paying a few cents or a few dollars more if it means my fellow Americans can go home at night with a little more job security. Now-a-days, I am very, very glad to pay more for products manufactured in America because I don’t want lead in my GI Joe, and I don’t want to brush my teeth with anti-freeze. ‘Nuff said.

Along the same line of socially conscious shopping, I and fellow employees where I work visited different businesses on Placerville Drive (Placerville, Ca) to see if these business would put a National Night Out flyer in their windows or their community bulletin boards. I am pleased to report that many companies put the flyer in their front windows, and a few that didn’t allow flyers in their front window, had community boards near or at the front of their stores. Unfortunately, a few could only agree to put the flyer up in their break-rooms, where only a handful of tired, hungry workers would glance at the flyer before returning to their minimum wage jobs.

I understand that in a large city, a community message board could be overwhelming and it would just be a nuisance to keep it up and maintain it. But folks, this is Placerville. Never heard of it? Of course not. It’s about 10,000 strong as far as population. A small community where a bulletin board would completely fit the slow, small town pace. And so, I’ve compiled a list of those that have agreed to post flyers in their window or message board, and a list of those that cared too much about the image of their windows to recognize the community that makes them successful:

Thank you to these companies for your support of National Night Out 2007:

Del Taco
Donut Factory
Papa Murphey’s Take n Bake
Clean n Save Cleaners
Pizza Pro’s
Sears
Rocky’s Art and Framing
Clifton and Warren Feed Store
Walkers Document Services
Foster’s Freezes (who will also add the date to their marque)
Noah’s Ark Organic Food Store

And the companies I will no longer be visiting:

Office Max
Raley’s
Wells Fargo
El Dorado Savings
Blockbuster
California Check Cashing
Home Depot (not only that, they say they are environmentally friendly, but they are oh-so-friendly to Fox News, a channel that constantly disputes climate change and global warming).

Ice is Hot

How can our President keep insisting that Iraq is doing fine? How can he keep insisting we continue to support the Iraqi puppet government he put in power that isn’t even getting it’s job done? And how many more American lives is he going to waste under the guise of helping the Iraqi people? This makes me sick. One article in the New York Times shows how horribly we have f***ed up over there.

The article has to deal with a commodity that isn’t even considered a commodity here in America. We can all go to our refrigerators and pull out a little tray and pluck ice cubes to put in our sun-tea at any time we want. In fact, most people have freezers that will create the ice and cut it for them and keep it in a little bin. It’s amazing. The technology has been available to people all over the world for many, many years. Even to Iraqis. Those that couldn’t afford the technology were safe to visit ice factories in regions that are deeply segregated due to the sectarian violence we allowed when we toppled their leader.

So how can Republicans insist that Iraq is better off when we read articles that tell us of how the standard of living has been put back generations in Iraq?

In a capital that was once the seat of the Islamic Caliphate and a center of Arab worldliness, ice is now a currency of last resort for the poor, subject to sectarian horrors and gangland rules.

“There is nothing better than law and order,” said Omar Suleiman, another factory manager. “In the days of Saddam Hussein, the government used to control the price of ice. Now there is no control, except where the militias are doing it.”

…the Iraqi middle class, which prided itself on being one of the most educated in the Arab world… now sees itself falling further behind its regional rivals and back onto the technology of its grandfathers.

There is no way our President can defend this. It’s ice we are talking about, not gold or oil or diamonds that usually cause the biggest strife. Read the full article here.

Gambling

Federal aid is breathing life into the New Orleans gambling district. Unfortunately, the reason for this is that displaced residents in New Orleans have nothing much to do while waiting to get their lives back on track in the wake of Hurricane Katrina. It is, in essence, a distraction. Fortunately, this has created higher wages in the area. The New York times article, ‘Casinos Booming in Katrina’s Wake’ shows how this is possible:

“There’s been this huge infusion of cash into the local economy,” said Bob Mahoney, the co-owner of Mary Mahoney’s Old French House restaurant in Biloxi. “Federal money has poured into the area. Insurance money has poured in. And wages have gone up considerably given the demand for workers.”
That demand, Mr. Mahoney said, means he now pays a starting dishwasher $8.50 an hour rather than $6; a $12-an-hour construction worker typically earns $20 an hour or more now.

Maybe Louisiana is on the right track. With these lower paying jobs now getting wage boosts, the people that were displaced that still do not have a leg to stand on can hopefully start their lives again. The renters, the single mothers, the mentally ill, the people that crammed the Super Dome. It has been two years. Two long years. Still, there is a long way to go.

In another Times article, Ford is selling again! This time, it will probably be giving up Volvo. Having already sold Aston Martin and still looking for buyers for Jaguar and Land Rover, Ford is thinking about giving up on European luxury cars.

Now, these are only rumors, of course. The source for this rumor was stated as, “people with knowledge of the situation.” which doesn’t give much credit to the article, but what does give the story probability is the fact that Ford is really in the crapper right now and it might as well sell all its European brands before it destroys them as well.

Ford is denying that Volvo is on the chopping block, but is looking at all it’s options. A Ford of Europe spokesman said that although Volvo is not on the market, “Ford has been assessing a number of strategic options for all of its operations, and that’s continuing. That’s what any responsible company would do”. Hopefully, Ford will go back to making Fords, because everything else it touches turns to crap.

Sources from The New York Times:
Casinos Booming in Katrina’s Wake
By GARY RIVLIN
Published: July 16, 2007

Ford Is Said to Be Open to Volvo Sale
By MICHELINE MAYNARD
Published: July 16, 2007

Republicans are Feeding Fascism

I’m reading a book by Thom Hartmann called “Screwed: The Undeclared War Against the Middle Class.” The idea it presents is that the neoconservative powers are being paid by corporations to control the will of the American people so that the rich get richer and the poor get poorer. This will create an elite ruling class and drive wages down so Americans will work for next to nothing while the corporations reel in the dough. In short, they are all fascists.

They direct blame onto ethnic groups such as illegals (Mexicans), and terrorists (any brown person from the middle east). This causes discrimination and prejudice that keeps American attention elsewhere. Radio show hosts with bad attitudes hide behind freedom of speech and lie to the public about the real reason the economy is crap, their life-saving prescriptions are not covered by their insurance, their children can’t afford to go to college and many other core issues that effect each American personally. Continually spouting a call to “traditional American values,” they distract the people from the fact that the single most important American value, the freedom from tyrannical rule fueled by an elite class of large business owners, is being ripped out of the constitution. Perpetual war in the name of patriotism is keeping America blind to what is happening in the White House.

I already knew all this before I started reading the book, though. What I didn’t know is that the plan to rule America through corporations goes all the way back to Hitler’s days. The Bush family has modeled their rise in power on that of Hitler himself. In chapter 7, a section titled, “Hiding Behind the Flag” on page 109, Hartmann describes Hitler’s use of patriotism and industry to rise to power. The process is nearly identical to Bush’s own. Both created fear in the minds of the people, saying that only one way works to combat any threat to people’s liberty. Both have invited corporations to fund the government. Both have removed checks and balances that were put in place so that one man cannot have too much power, all for fear of another attack. Both have set up a “single new national agency to protect the security of the Homeland, consolidating the actions of dozens of previously independent police, border, and investigative agencies under a single powerful leader” (109).

On page 120 Hartmann quotes FDR’s vice president Henry Wallace to show how American fascists of that time are carbon copies of the conservatives today. Wallace says, “The American fascists are most easily recognized by their deliberate pervasion of truth and fact.” Limbaugh and Micheal Savage come to mind. Wallace is quoted, “The American fascist would prefer not to use violence. His method is to poison the channels of public information.” No one is beating the American people into submission of tyrannical dictatorship. Instead, the American people are being duped into believing it is the best way to live free.

Seeing as how Rush is one of the most popular hosts on talk radio and roughly half of the country votes republican, it seems this method is working wonderfully. People that vote Republican don’t know they are feeding into fascism. They have been convinced that they are merely fighting for free market, family values, and the safety of the American people. If only it were that simple.

Hartmann closes the chapter by saying thus, “Today we again stand at the same crossroad Roosevelt and Wallace confronted during the Great Depression and World War II. Fascism is again rising in America, this time calling itself “compassionate conservatism” (121). These neocons are controlling the airwaves and buying our government while the American middle class continues to shrink. The people that have fallen out of the middle class are blamed for their own situation as the poor are blamed for being poor. Immigrants are supposedly taking our jobs (yes, so many Americans out of high school want to work in fields for twelve hours a day). The threat of terrorism has given our president unlimited military power to do with as he pleases. He doesn’t even need to fight terrorism anymore, he just uses patriotism and false sources of ‘evidence’ as sound reason to invade other countries. Like, maybe Poland-oh, I mean Iraq. (I’m really getting Bush confused with someone else now. Lines are getting blurry, I apologize). Same problems, different era.

If you are Republican and you are reading this, please, please open your eyes. Your needs are not important to the people you are putting in power. Your money is. Think of this, conservative media is still blaming the state of the country on liberals and progressives, and yet Republicans had controlled the House for twelve years and we have had a Republican Executive for seven. Isn’t that enough time to improve the condition of the country? Don’t let the American dream die. Go pick up Hartmann’s book and read for yourself.

Follow

Get every new post delivered to your Inbox.