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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: axial who wrote (108401)2/17/2010 10:20:47 AM
From: studdog9 Recommendations  Read Replies (3) of 116555
 
<<There's no reason to make unions the whipping boys for the state of the US economy. The blame for that rests mostly with elites in finance, corporations and government. Sudden losses and burdens in the trillions cannot be blamed on people at the assembly line>>
I agree 100%
to reiterate:
"Your comment about the military industrial complex also got me thinking about the possibility that all this sudden angst about public employees and their unions is a red herring to deflect our attention from the real culprits. It was not public employee unions that put 70% of this nation's wealth in the hands of 10% of its population. This means 90% of our citizens have to be content with the remaining 30% of the wealth. I guarantee you that the vast majority of public employees are in that 90% along with the rest of us. It's a great strategy to get that 90% fighting among themselves over 30% of the wealth while the financial wizards and captains of industry can hold onto 70% and contiue to do their damnedest to make that 70% number even bigger.
Globalization is their ticket to do so."

SD
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