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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (108776)	2/23/2010 3:12:34 PM
From: Hawkmoon	1 Recommendation Respond to of 116555

Unions didn't bankrupt the country Of course not.. but they are undeniably (IMO) symptomatic of the problems.. The way I look at it, public unions exist for the purpose of dividing and slicing up the economic "pie", not making that pie bigger. In this manner, they aren't much better than many lawyers/politicians. (not to say those two professions don't have a legitimate role in an economy/society). Mish is certainly on a crusade against public unions. I don't want to quite go that far, but I certainly see the need for reform.. And as the Albany scenario demonstrates, some of these public union members need a reality slap. Not much good paying cops 3x the private wage if the people, who's property they are sworn to protect, are too poor to own anything. Hawk

To: Cogito Ergo Sum who wrote (108776)	2/23/2010 5:47:54 PM
From: axial	3 Recommendations Read Replies (1) \| Respond to of 116555

"Of course not.. but they are undeniably (IMO) symptomatic of the problems." What people at the low end of the socioeconomic ladder do is correlated very strongly with observation of behavior by people at the top. One leads from the front. When deciding which is the horse and which is the cart, one might ask oneself whose example is being followed. Working people see standards of honesty, fairness and diligence being violated every day, by their managers and the country's elites. Worse, they are asked to support and reward such behavior with their tax dollars. Apologists for corrupt and incompetent leadership try to shift the blame onto the shoulders of victims. The outcome is predictable. There's been an economic injury and an injustice. Neither has been properly addressed. Jim