SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: axial who wrote (108401)2/17/2010 10:20:47 AM
From: studdog9 Recommendations  Read Replies (3) | Respond to 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



To: axial who wrote (108401)2/17/2010 12:40:31 PM
From: suanny8 Recommendations  Read Replies (4) | Respond to of 116555
 
To my knowledge union contracts have changed little over the last 30yrs.,mostly due to cpi increases and sharing payment for medical benefits,which is normal in todays job market.At times public employees are given time off benefits in lieu of a cost of living increase as a cost saving remedy when viewed from outside as overly generous amount of time off.People sometimes point out public employees doing little or nothing on the job are usually taking about the mayor's brother in law and I'm sure things are not much different in the private workplace.As far as power is concerned large private sector union wielded some political power;but,public unions very little, except in the few cases like Mish cited in his argument.Whatever power unions had has been consistently eroded for the last 30yrs..Passage of the trade bills of the 90s should be proof of that in that it was a disaster for the unions and I believe for all Americans.I never did buy the argument that opening the chinese market would benefit the US,ie;how can I benefit trying to sell to a person making a dollar a day,at the same time giving tax benefits to corporations to invest in factories in China.Now people who made that argument say to reverse those treaties would be protectionism, which they say caused the great depression.From my point of view the US has been on a down hill spiral ever since those treaties were signed,only covered up by long running bubbles in the stock market,real estate,and debt over all.I cannot understand how someone can watch the congress consistently pass bills that a majority of the public are not in favor of,ie,the bail outs and the trade bills and needless regulations see no conspiracy and at the same time point to public employees,whose salary benefit packages may be out of line with the mainstream due the circumstances, many of which stem from the difficulty of unwinding contracts which are in place,and say they used their huge political power to bring this country down.Most people accept the fact that globalization is inevitable,this acceptance was sold by the people who benefited and had the real POWER to drive through the trade bills to everyone elses disadvantage.The US has been circling the bowl ever since and masked over by the bubbles, without them people would have realized Ross Perot was right immediately.The people who had the power to ram through the trade bills destroyed this country,despite the delayed effect due to the cover up by bubble economies,public employees have no real power to effect anything which could destroy America.



To: axial who wrote (108401)2/17/2010 9:29:00 PM
From: Cogito Ergo Sum  Respond to of 116555
 
Public Sector Pain.. I could cry... Susan Eng... so as a Canuck you can already guess the tack :O) :o( :o(
watch.bnn.ca