If we think a healthy wall street is the answer, try the unemployment lines. The distance of the Wall street economy and the Main street economy is growing in leaps and bounds.
It is a simple situation. With Wall street, it is profit, loss and growth.
With Main street, it is jobs, unemployment, underemployment and starvation. Here in Northern Idaho we have people, a large group of folks here are geared for survival. Still, families are living in cars, abandoned vans and moldering old barns. Forest service campgrounds are no longer seasonal campgrounds for the family outings. They are now, lifeline's for the homeless.
The cause is simple. Back in the day, protective terrifies were an isolationist way to keep us from the follies of European and eastern messes, while allowing our economy to grow within.
That lasted until the powerful unions decided that their blue collar workers belonged in the middle class, whatever that was. Welders,machinists and such demanded wages that were non-competitive in the international marketplace.
The next step was for manufacturers, who answerable to their stockholders, found cheaper labor in the orient, Mexico and India. OK, one problem solved. Consumer products such as TVs, computers, steel beams, ET AL, were being produced by countries that hired labor at slavery wages, thence shipping out the U.S. work force.
We are now into the 5th year of great depression two. Not double dip, but a continuation of the original. Wall street is starting to slow down. Why? The law of unintended consequences. With all of this cheaper stuff produced in China,someone overlooked that without jobs, the thriving U.S. market could not survive without consumers. of which many had no longer any purchasing power. Free trade, turned out to be anything but free.
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Why don't we start with local organizations in NI i.e. all championing causes contrary to employment of the locals. Take Bayview Chamber of commerce as a example - their operation is well we have what we got, nobody else is going to get theirs so shut everything down. They have no concern for the locals trying to make a living so long as their retirement and taxes as not affected. Folks, we are the 99% and we need to take control of our destiny. Not Walls Street, not big banks, not retired foggies protecting their own interest. We need businesses that employ locals.
ReplyDeleteBill
Boy Bill sounds like you have been talking to your favorite nemesis or wait maybe you are your nemesis.
ReplyDeleteMy experience with the Chamber of late does not reflect your opinion.
The plain and simple fact is business is not thriving in Bayview and part of the reason is economics and the other part is the driven campaign to oust another personality, who if this is truly Bill, was or is your other nemesis.
Rose
This depression posting Completely useful..good source, thanks anyway!
ReplyDelete