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Politics : President Barack Obama
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To: tejek who wrote (45766)11/25/2008 4:39:10 PM
From: Mac Con Ulaidh  Read Replies (2) of 149317
 
p.s.s. - There is a way that Alabama can be held as an example. We used to have more jobs here... for instance, sewing jobs... jobs that were taken overseas to sweat factories. That icky woman holds us up as example over tax-policy but she is missing the point, imo. Our govs over the years have done all they could to bring some jobs, and foreign car company jobs are daym decent for these parts, down here. And they paid thru the nose for them. And they took on themselves to help train some dumb-ass southerners well enough to be able to do them.

the downside is... we don't get enough in taxes to fix anything or make our schools better. but a lot of people have jobs like they never would have otherwise. but they aren't the middle-class jobs that that in-ways icky Ford created... realizing that it makes no sense to build cars if people can't afford them.

I'd do something for the American companies way before I do anything for Wall St. or the banks. but the latter have our hands tied and a knife at our throats.

I think my opinion of Summers has been expressed, but I will say for him that unlike most, he did not leave govt. work (where he formed dereg and other things) to then go off and make an obscene fortune of WS. And he is showing the capcity to change. A scientist works a theory... sees if it works or not... then changes if need be. In theory an economic theory might 'work' but are the results what you would hope for? ala 10's of millions thrown into bare-existence poverty? so... he might work out okay, so long as didn't have his hands on our money. I don't question his brilliance. but brillance stunted by ideology is of no use. I hope it is true that his sees the way beyond that, and it seems he has no intent on lining his pockets... unlike Rubin and most others of the vein.
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