To: DebtBomb who wrote (109170 ) 3/1/2010 10:28:07 AM From: suanny 2 Recommendations Read Replies (1) | Respond to The federal debt too high? How high would it be if we did not bail out the "too big to fails".Now that the banks are all warm and cozy,let's throw our states and municipalities overboard.I wonder what level public union wages would be correct give the constant loss of jobs and subsequent lower wages available in the private sector,is it a moving target.I don't believe tariffs caused the Great Depression and if they did what caused this one, Union wages.Why is it that the health care business is able to sustain itself though it maintains a price level far above half the population, great work if you can get it.If you look beyond 15 years of a Bubble Bath cover-up the real problem is obvious,when you agree to trade with a country; utilizing slave labor,on an equal basis the standard of living for much of the population's wage will gravitate to that level.The fact that a very expensive "smoke screen" in the form of dotcom,housing and bond bubbles which by the way caused America to go broke not Joe the janitor's out of touch contract,though at this point it surely is out of line with private wages.My argument is not about wages per say but the mind set of what caused this disaster to occur.Some of you seem to believe that if we can get wages low enough or invent enough new technology things should balance out and everyone who disagrees is simply wrong or is greedy.I can not buy into the fact that China is over a billion market for us to sell goods in,first of all only about 300 million have jobs,that they acquired from us, by the way,where was the benefit for the average American in signing these treaties.The same as bailing out the banks our leaders seem to act in opposition to the benefit of the citizens.I disagree with how these arguments are framed with the trade treaties as a given and the American worker set up as a greedy villon once the stage has been set.If I were looking to manufacture a product Joe the janitor would make a much better prospective customer than the Chinese laborer in my mind.
