Blue Texan has already covered the political idiocy of David Brooks' post-Caucus column.
I'd like to talk about his sociology.
Those of you who follow Mr. Brooks already know that he has a smooth line in explaining how The Little People think, based, I have to guess, on a conversation he would have had with the guy who empties his wastepaper basket at work if he actually talked to people who make less money than he does.
Even given that, it's hard to figure out how he came up with this
Huckabee understands how middle-class anxiety is really lived. Democrats talk about wages. But real middle-class families have more to fear economically from divorce than from a free trade pact. A person’s lifetime prospects will be threatened more by single parenting than by outsourcing. Huckabee understands that economic well-being is fused with social and moral well-being, and he talks about the inter-relationship in a way no other candidate has.
Um.
Isn't that special.
In the world outside of the wingnut welfare circuit, this is how people who don't have high-paying jobs live their lives
The cost of affordable rental housing has risen 28 percent in the past seven years, far outpacing the wages of those who need it most, according to a new report released Tuesday.
"Out of Reach," the annual report of the National Low Income Housing Coalition (NLIHC), found that housing affordability is most difficult for minimum-wage earners but is also tough for those who earned the median hourly wage ($14.57) last year.
In 2006, what the NLIHC calls the "national housing wage" rose to $16.31 for a two-bedroom rental, from $15.78 last year. That is the hourly wage required to afford the rent and utilities of a modest market-rate rental home without having to spend more than 30 percent of one's gross income, a commonly accepted measure of housing affordability.
Housing is least affordable for minimum-wage earners, even those working in states that have higher minimum-wage levels than the federal minimum, which has been $5.15 an hour since 1997. Even proposals to raise that minimum to $7.25 would narrow but not close the affordability gap.
The report found that a minimum-wage earner making $10,712 a year cannot afford a one-bedroom home based on fair market rents anywhere in the country. To do that, he or she would need to earn at least $28,475, NLIHC calculated. And two-bedroom homes are out of reach even for families with two minimum-wage earners making $21,424 annually. For that, they'd need to make $33,925.
"Every year it is becoming more difficult for low-income families to find decent homes they can afford," said NLIHC president Sheila Crowley in a statement. "As we approach the holiday season with its intense focus on consumer spending, Out of Reach shows the difficulty that millions of low-income families face to even pay for their homes."
and clearly american workers don't have reason to be concerned about it
Progressives aren't alone in worrying about the widening income gap these days. Even Federal Reserve Chief Ben Bernanke expresses concern. Much of the focus has been on the massive increase in compensation for jobs at the very top of the income distribution. The flip side of this story—the growth of the low-wage labor market and the deteriorating conditions of those jobs—often gets less attention.
It's time to give it a lot more. In "Understanding the Low-Wage Labor Market in the United States," our new report co-authored with Heather Boushey and Rachel Gragg, we find that more than 40 million jobs pay low wages—about one in three.
We approach this work with a theory: A big income gap is bad for our economy and our democracy.
What is low-wage work? There is no universally accepted definition. One commonly used formula defines a low-wage job as one in which a full-time, year-round worker earns less than the federal poverty threshold ($20,444 in 2006 for a family of four, or $9.83 an hour).
Plenty of people agree that the federal poverty line is outdated and has limited appeal for describing low-wage work in today's economy. Moreover, using a measure of basic needs to define low-wage work quickly turns into a dispiriting debate about "how minimum the minimum should be."
To avoid these problems, we adopt a new definition of low-wage work—one that takes inequality into account and uses what we dub a social-inclusion approach. Under this definition, a low-wage job is one that pays substantially less than a job held by a typical male worker. The median wage for men in the United States in 2006 was $16.66 an hour; jobs paying less than two-thirds of the median wage for men paid $11.11 or less per hour.
Some 44 million workers—about one of every three—hold low-wage jobs paying less than $11.11.
That is bad news, and worse than most people realize. Clouding the picture further, most low-wage jobs don't offer employment benefits like paid sick days, health insurance, or retirement accounts. They also tend to have inflexible or unpredictable scheduling requirements, and provide little opportunity for career advancement.
Compensation for these jobs has been getting worse relative to other jobs. Over the last quarter century (1979 to 2005), wages of workers in the top third increased by 22 percent, while low-wage workers ended up at roughly the same place where they began. In 1979, the typical low-wage worker earned $8.47 per hour—26 years later, that worker earned a mere six cents more in real dollars.
And how are the people outside the US who are getting those jobs that were previously paying a living wage here making out?
She came home from the auto parts plant feeling faint, the burden of being six months' pregnant and working an eight-hour shift on her feet with only a half-hour off for lunch.
She wondered what would happen if she didn't take care of herself, but said her main concern was keeping her $55-a-week job at the Johnson Controls plant, regardless that she is paid nearly 40 percent less than those working beside her.
"It is very little. But I have to support my son," said the small, almost birdlike woman in her 30s who asked that her name not be used out of fear she'd lose her job.
She is just a lowly "temporary worker" at the bottom of Mexico's auto parts industry. Such workers are growing in number as the country's parts makers struggle to reduce costs to remain competitive.
Not so long ago, Mexico floated along as a low-cost producer to the auto parts world. But now its niche is threatened by global rivals who can trump it with lower salaries or superior quality and productivity. As a result, Mexican auto parts firms keep pressing to trim costs, and Mexican workers find themselves working longer, harder and sometimes for less pay.
It's a mirror of the process that plunged some U.S. auto parts firms into bankruptcy and that wiped out 200,000 auto parts jobs in the United States in the past seven years - nearly a fifth of the nation's auto parts industry.
Mexico's auto parts companies are being challenged from almost every direction.
Chinese companies are quickly siphoning away auto parts work that would have been done not so long ago in Mexico.
but why wouldn't David Brooks be concerned about these issues, even if his fictional working class subjects aren't?
From 1990 to 2002, the lowest-paid 10 percent of the work force saw their hourly wages rise 18 percent. Those workers didn't see their wages truly begin to rise until around 1997, when the economy picked up.
Over the same period, the highest-paid 10 percent enjoyed a bigger bump: a 49 percent raise. (All wages have been adjusted for inflation.)
The disparity is perhaps more obvious in our federal tax brackets.
In 1992, Washington was home to only 19,500 individuals and families making $200,000 or more in income, according to Internal Revenue Service data. Combined, those making less than $30,000 a year reported billions of dollars more in income than all those at the top.
Ten years later, the population in the $200,000-and-above bracket swelled to 51,000 and made $10 billion more in income than all 1.3 million taxpayers in the lowest two brackets.
So maybe the little people care a little more about wages than you might think, Mr. Brooks.
You inutterable epicene preening schmuck.
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Julie!
a-not e!
BoBo needs a little prodding from some pitchforks…
More Brooks!?
He is a soft target. Hi, Julia!
Yeah, he is.
Only I read his remarkable post-Caucus column on the train (Oh, isn’t that cute? Iowa voted for the black guy. No-one’s going to want to oppose him, because he’s black. Also liberal. And Secular. And black, did I mention that?). But the idea that working-class voters don’t care about wages because poor people can get divorced, blew my mind.
The generational change represented by (divorced) twenty-five year septuagenerian congressman McCain sorta slid right by me, under the circumstances.
Hiya, Julia!
They have NO idea. Marie Antoinette had more of a clue.
Heard a professor emeritus today at a League of Women Voters event mention teaching in Texas some years back and running into a wee bit o’trouble because the textbook described the American economy as capitalistic for the poor and socialistic for the rich.
Can’t see that things have changed.
As I mentioned on Late Late, Bobo ornThe NewsHour was ashen and looked deeply shaken when he said that one of the things the Iowa cacususes showed the people to believe was that “the leadership class in this country have let the people down”.
Poor Bobo, I do believe there are still remnants of a soul way down deep inside him somewhere.
Must make his job hell.
I think the only proper response to that is: “What kind of fucking idiot are you? Stop sullying us with your fuckwit nonsense, that not only is completely utterly wrong, but is also so poorly written that it makes dogs chew off their own fucking paws when they are forced to see your column soaked in piss on the bottom of their cages.”
Hey, Teddy. Hey, Dru, C, Veritas, Prairie, folks in general.
And she lost her head…! Could history, puh-lease, repeat itself…?
No fucking way. No soul. Just fear for the loss of his own unearned privilege.
Hey, be fair. Why would a family living in the real world be concerned about the fact that they can’t afford to live indoors on a single salary when they could be judging other peoples’ marriages?
OT, to those on the previous thread, here’s a picture of the Crayola model magic stuff that caught fire on my kitchen table.
We are soooooo fucked.
Those numbers are scary. Class war scary.
Great post, Julia, thanks!
Brooks is a twit, a brainless one at that.
Link didn’t take.
http://www.facebook.com/photo......=692095580
Had to go look up “epicene”.
Heh. :)
You really don’t think he show tiny, stunted, vestigial signs of humanity about twice a year? I do. It’s the only thing that keeps him cute. It never lasts for long nor actually changes his positions, it’s just like some distant tune that comes back to him, faintly and disorientingly, from time to time. Kind of a pale shadow of a mockery of a sham of a soul.
Teddy, I think that’s the secret message of Iowa: Class and Race are now staring “The Serious People” in the face.
I’m all over gender ambiguity. I just find it offputting that he clearly gets facials far more often than I do.
This is why the theocrats have given up on the corporate Repubs. They finally realized that it wasn’t going to make much difference whether Jews and atheists are forced to recite the Lord’s Prayer in public school if they are living under a fucking highway underpass subsisting on road kill and runoff.
Epicene.
They’d had better cobble together some ‘New Deal’ most rickety-tick, otherwise, it ain’t gonna be pretty… 8-(
Between 1991 and 2002, my income increased about 24K but what threatened my middle class living was job loss and medical expenses. Being laid off three times in 18 months took me years to recover from living on my credit cards.
Two out of three of the kids have graduated from College and STILL are working at their college jobs because of the tight market. The youngest just was furloughed from Home Depot again post Christmas…. All three kids within the poverty line. The US Bank of Mom has had to close this year with my little medical crisis.
None. He is a soulless craven piece of shit, who understands exactly what he stands for, and exactly how much evil that which he stands for has brought upon this nation, and he just doesn’t give a shit, so long as he gets his fucking crab cakes for appetizer.
I need dental work. Even though I have insurance here in California, it won’t pay for everything. I’m looking seriously at going to Mexico for services.
There are so many conditions here, and the insurance I have pays on some sort of arbitrary basis, not when the services are needed.
I mentioned to my dentist that I would go to Mexico for services, and she just about flipped out. They are realizing that it’s not all about the way insurance companies decide it should be.
Soon, American companies will come around, and people in America will be able to afford medical/dental care. This shit is crazy.
As long as we’re speakin’ of the welfare class, is it truth that Chee-knee’s a billionaire now thanks to war profiteering via Halliburton?
And hey back atcha, Julia.
Huckabee understands how middle-class anxiety is really lived. Democrats talk about wages. But real middle-class families have more to fear economically from divorce than from a free trade pact.
‘TF? Is he proposin’ outlawin’ divorce? What the fuck is this suppoosed to mean? Brokks really is a dipshit. how do these guys get/keep their jobs?
wdd - you know the rules. why was the spew alert not attached to this?
other than that, i liked it!
My bank of mom had to stop too. Best thing for the kids. They need to vote reality.
Loo Hoo, I heartily recommend finding a dental school in your area. The University of the Pacific here in San Francisco has been a blessing for me — patients are assigned a student dentist who develops a treatment plan and whose work is carefully overseen by a number of faculty dentists. It’s not only always cheap, but many dental care plans cover the work done there.
Oh. Now I see PhysioProf had previously addressed that assinine statement @ 11. What he said.
Oops, sorry about my lack of manners! ;)
How is your “little” medical crisis going, katymine. Sounded pretty major to me…
David Brooks’ writing is generally full of vapid and meaningless abstractions. That being said, I think there is one instance in which the following may have “meaning”:
Now, if you assume the divorced person is an upper class woman who becomes a single parent and then is reduced to being a Walmart greeter, a job which is hard to outsource, then ok, I’ve found an instance where that statement could be true.
Mostly, David Brooks is an idiot.
Didn’t Huckabee and his wife have one of those “covenant marriages” where you re-pledge your troth and rule out divorce? (Also, they re-registered for presents, but that’s not a requirement of covenant marriage, just a fillip Mrs Huck thought sounded nice….)
Maybe Brooks thinks Huck will outlaw divorce.
Maybe with a brown paper bag! ;-)
That’s a double-bagger. ;)
Catch y’all later later, teh Mister wants some attention…
are you sure that you meant his socioloy and not his psyshopahtology? The man is a bolly fool that has the kind of platform that has motivated thousands of blogsters to wish for. However, is this lates spew, such quotes as the ones that you include, can only lead to conclusion that every sane person will agree to: The man is a fucking nut!
I hope to see him astride his trusty Tyranasaurous following wherever the mught Hukster leads him and the rest of the true believers!
Blind squirrel.
Heh, How fitting, BoBo is soon coming up on the NewsHour here in the Isles…
Outlawing divorce would certainly thin the Republican herd. Democrats? Not so much.
When you go to Mexico, or wherever, for treatment - seems like it isn’t exactly “outsourcing.” So we need a new word.
Outsourcing is when the job goes out of the country. But when the “person” leaves too, what do we call that?
OT:
Saw a new Clinton ad in NH. Very good.
I thought it was going to be a Ron Paul ad (could just be me, but I was trying to figure out whose style it was and what the appeal was supposed to be) - but popped up Hillary signs after about 3-4 slides which was a surprise seeing it the first time.
Shows great slides.videos like a national debt billboard, and the a Katrina shot (I imagine Edwards should have an Ad with Katria in the hopper and all the Dems will put out one soon…wonder if any R’s will put Katrina in an Ad).
Anyway it was a good ad, gonna have to catch the end next time as the first part of the ad really struck me. Anyway I already made up my mind for Edwards so not sure if it a swaying power ad or anything like that. I am trying to rank Obama and Clinton in my 2 & 3 for now since they went tied after the Iowa primary.
Seen all the other ads but they are middle of the road at best. McCain has an interesting way to ask for votes at the end of his (…gonna need your help again) to intending to make a pretty “earnest” appeal and throw a like joke/thanks for a win in NH 2004 thing in there. It might be a good idea to polish the part where the candidates are asking for the vote in their ads.
Medical tourism is the term I’ve heard. I have a friend in NM who was going to go elsewhere for surgery, and he kept putting it off. Finally he got a local price he could pay (and he has insurance).
What I don’t get is this…given that we are a consumption-based economy, exactly who is going to be doing the consuming once the middle class is gone? There won’t BE anyone to buy all the super cheap stuff from wherever at this rate…
Good idea, thanks TSF. I’m freaking pissed off, having worked for the state of CA for 32 years, and having to look at going to Mexico for continued dental care. My dental plan will pay when things look opportunistic for the company rather than when I need the services.
Upper-crust social conservatives like Brooks seem to yearn for the days when the peasants lived in squalor, but as happy, loving, patriarchal family units. A charming landscape to drive past. If they really cared about families, and keeping them together, wouldn’t better wages seem important? Nothing like money problems to spark a nasty fight…or a long, downward spiral of them.
I know it is early in the election cycle, and as Selise said this morning many people are bummed out at the non-stop campaign coverage, but the foreplay to the Iowa caucuses, that goofey antiquated institution where a “huge turnout” is actually 10% of Iowa’s total voting pool, composed of as the NYT editorial said today, 92% white people, liberal democrats and a huge concentration of those “merge the church and the state” Republican Evangelicals.
I have watched with a kind of glee, as the Rethug candidates unfolded, thinking, “you’re kidding me right? this is the best they can put up–wow. All but McCain running on the theme as NYT correctly says of “religious intolerance and fear.”
I couldn’t help myself, I watched the coverage all night, and when it repeated I found out fire puppies were staying up all night discussing.
From the coverage, it became apparent that Rethugs have been struck by shock and awe. Their man Romney spent $7 million on the Iowa ad buy, $4 per registered Iowa voter and got creamed by a bible waving media savy former Arkansas governor who attacked the media buys and did few of them because he couldn’t afford to. You couldn’t turn on an Iowa radio without “Romney Romney” all the time according to many who were there.
Every one of the Rethugs want to continue Iraq’s killing spree, and keep those Dover coffins rollin’ as long as it’s not their family in danger.
I think they are having an epiphany. They know they can’t win–and could get creamed in the general.
Yeah I know all the talk about “you jist wait by crackey–ole Rove gonna slime everyone and crush ‘em and that makes me laugh more, because it’s not going to work whoever goes to the general. He’ll try, but it’s not going to work because they’ll be smart enough to dissect the “fear and loathing” candidacy of whomever runs–probably Romney and it won’t be with McCain or Rudy 912.
Mary Matlin, formerly of the WHIGs (White House Iraq Group of Total Chickenhawks comes on “Mornin’ Joe” and she’s virtually tongue tied.
She mutters something about dirty tricks from McCain spreading that Thompson has quit, tells Joe he looks like hell when he pulls an all nighter but Mica looks ravishing when she’s up all night, and then says “This election is like no other. What’s up is down and what’s down is up and that’s the way I characterize it.”
LOL just LOL. Matlin has the same look of defeat in her voice I saw in Bill Clinton’s eyes last night, as he realizes life won’t be WhiteHouse center stage, fly around with Ron Burkle and several babes in the jet while Hillary is playing “Ms. Inevitable Destiny World Political Goddess”, stop off and give a few speeches at 150K per plus perks, then convene a “we gotta get HIV really get it” conference with Bill Gates and Gupta MCeeing.
Thailand is a popular Medical Tourist trap…
Well, dang. Give the guy some attention by all means!!
India offers western-trained doctors and five-star spa recovery suites.
billjpa, you’re on it! Spread the word and keep up your good work!
We’re good!
I keep going back to re-read that sentence. It’s inconceivable to me.
Hi Julia!
The astounding Bobo only needs another few hours before he’s back in the GooperTrain. But it’s always nice when he veers off the rails long enough to see him square-on. Nice look at him.
DiggWorthy!
Having trouble with the Toobz… lost my internets AGAIN ..
Doing great, back to work, back walking 4-8 miles/day… became de-conditioned but slowing getting back to normal.
Medical expenses up to 75K, I owe around 5K…. had my first MD bill sent to collections two seeks after I paid it…. OH joy.
OT:
Attach ad by Mitt on McCain and does not even have the balls to appear in it, does the intro I think and a little tiny By Romney at the end.
Ha, guess Mitt is going to lose in NH as well. I think with our new AG we finally cleaned up the elections (but of course there are still subpeonas and these games going on at least on a small scale - just not direct RNC fraud like before) - but it -might- be close if everyone was jumping on McCain for immigration. Mitt the shitte can’t pull this off using his make-up’ed supporters attaching. I think McCain may punch him in the face on Main St this weekend.
< </p>
Attach Ad by Mitt in above. Sorry for the other mispelling as well (I did look-up subpeona though as I could not get that wrong here).
Aside: Maybe if Edwards loses he will be US AG and work for….the Constitution.
Frig the hummers, he’s going around the world…! ;-)
…Attack
Oh, it’s very conceivable here, and we have $1,000+ rent/mortgages to pay at that pay rate… 8-(
I like that people in this country have finally gotten a clue as to the class war we have already lost.
There is no way, that I can see, to ever balance out the disproportionate amount of wealth that the top 1% has already captured. No amount of taxes are going to give that back to the rest of the tax base.
The one speck of hope I see is to go after the corporations who have been jamming it in from behind and then shipping it off shore. If that shit can be shut down it would be a start.
As for Bobo?
Dude,why don’t you come over here for a few days and I’ll guarantee you you will see things differently next week.
By the way, do you prefer a fork or a spoon to eat your Top Ramen with?
Asshole.
brain drain.
Hiya y’all!
I think the word is COMPETITION. I needed a dental thingy that would cost $2500. here in San Diego area, and $200 in Mexico. Insurance becomes a non-issue with deductables, doesn’t it.
The insurance company wanted an incredibly unreasonable amount of money for a stationary piece of dental work. I told my dentist that it would cost more for this piece of dentistry than for a new engine for my car. No moving pieces, etc. Crappola.
I can’t verify this but Bill Maher said recently that Walmart sales are down while sales at Tiffany’s are up proving that the while the rich are getting richer, the rest of us can’t even afford Walmart prices.
Apparently it doesn’t occur to these people like Brooks, et al, that NAFTA contributed to loss of jobs and lower wages, which in turn contributes to social problems like alcoholism and drug abuse (self-medicating) or acting out their rage by taking it out on the spouse and kids, ending up in divorce and worse.
Their attitudes and paradigms are what leads them to believe that if you throw money at problems, that will solve everything. No need for social workers or anything; they just make the social programs cost more. (I used to work on an experiment with a guaranteed wage done during the Nixon administration. Several in the country; Denver, Seattle, Gary and some other areas) Pitiful!
thanks for the class war article julia, it’s eye-opening. and, with that, i’m off to curl up for the night. see y’all manana. stay safe, all you californians.
So maybe the little people care a little more about wages than you might think, Mr. Brooks.
You inutterable epicene preening schmuck.
but, but, but the government forcing to get married and stay married will surely solve all the little people’s problems.
.
Brooks gets to say what he does because he just about never appears in a venue where he can be nailed on it.
If there’s another depression we could do the same thing we did then, tax the hyperrich out of existence. If you examine the numbers, they did not see their income reduced by the economy but by the new deal taxex. (Which helped me understand why they’ve worked so singlemindedly and with such passion to rescind the taxes.) However it’s important to understand that the middle class was created after the depression virtually overnight and through the manipulation of taxes and such. That could be done again, if the political will comes about again.
But yeah, hammering on the corporations might be another angle. They’ve a lot more power, and overseas presence, though.
Remind you of anyone?
Ya used too few Hi’s, Missie! Aloha! *g*
My premise is: We should have the best Progressive Dem president possible.
I have no specific love for one candidate or another, just so long as they’re gonna get it done the way we want.
Long ago I suggested I didn’t think Obama was ready for the job, despite his rhetoric being closer to Edwards than any other candidate. I said he was ‘green’ and ‘naive’. I even suggested for party unity we should have an Edwards/Clinton or Clinton/Edwards ticket if we couldn’t get Edwards/Dodd.
Now I’m getting very bad feelings about Obama. I’ve talked to some of his supporters and it looks to me like we might be getting caught in a Rovian trap. I don’t have any evidence Obama is bought or being manipulated, just that there are some very bad things about him: green, naive, lots of Republicans supporting him and a lot of passive-aggressive hate responses from his supporters. They remind me of the Republicans on the net back in 2000. I’ve never been insulted by a Dem the way these folks have done. So, I wonder if they’re really just ardent supporters or Repubs in Dem clothing.
I’m not suggesting anything drastic at this time.
what I’m suggesting is that we begin to think a little about what happens if nobody can make a dent in Obama’s momentum. For some time I thought it was crucial for us to join forces with Obama to stop Hillary. I wasn’t crazy about a Repub-lite Conservative Dem becoming president. Now I’m thinking Obama is much more toxic than was known and we should consider joining forces with Clinton’s folks to stop Obama. Fickle? I don’t think so. It’s a changing base of knowledge of the players and the situation which pushes me to evolve my thinking.
A foolish inconsistency is the hobgobblin of little minds … or something like that.
I don’t know how this might be sorted out, but I’m thinking Edwards and Clinton people should talk about it for a start.
Comments from firepups?
Only way is to make them pay off the huge problem we about to have in the Econ. When the money all goes away the poor and middle are going to lose it and run out really quick. Also have to deal with the job loss as well.
We aint gonna nice the money out of even their cold dead hands.
Not a dig at Obama, just saw his new Ad up here across the room and that is looking pretty good to. He bouts out some lines the get people fired up, then the second part of the ad is the calm quite endorsement/quotes type thing (I think with a long shot of him at the podium [not pulpit though]).
Also reading an old Digby “Deep Thoughts” for the first time. It is great. Two great parts of many thus far:
- small comment indicating problems with the military in Pakistan. Our next Prez is going to have to figure out how to poperly pay the services, and at the same time not throwing Billions into the family. It has to be band of service members and payed correctly - not tempted by R and D congress and tycoons. Hell I want to get Sununnu voted out because amoung other things he voted down 13 million in Veterans Mental Health Care - punk.
- A section on how the media is going to make Bush “dissapear” like Rove and Abu and just not talk about them when they should be investigated for tons of crimes and not given jobs at Newsweek.
Yes, pick any Editorialist on the collective staffs of the Wapoo and NY/LATimes… With a few exceptions… ;-)
The Mittster is picking up the change word. By God (and God is everywhere for Republican candidates) he’s got it. In New Hampshire: “We want change.” And the Mittster’s gonna give it to ‘em, changing his mind every 12 hours.
Brooks is on Charlie Rose tonight.
What NAFTA did was cause the privatization of Mexico’s National Railroad which then destroyed the farming economy of the midlands of Mexico. Farmers used to ride the National RR to markets for very small rates & sell their goods. Well that was gone and they migrated to the US to feed their families.
US companies do not look beyond the next quarter & payout to their shareholders where they used to be asked “where to you see the company in 5, 10 & 20yrs. But that was also in the day that a CEO was paid only 40 times more than the average worker THAN 400 times
I think he’s a little set back on his heels - it’s funny, the pundits who are most likely to lecture us on how we’re not being deferential enough to the working class are the ones who are least likely to know a damn thing about what it means not to be rich.
What I don’t get is this…given that we are a consumption-based economy, exactly who is going to be doing the consuming once the middle class is gone? There won’t BE anyone to buy all the super cheap stuff from wherever at this rate…
There will only not be any more comsumers in the US, but there will be consumers in other places to pick up the slack.
what I’ve not heard anyone raise yet is that the obscenely rich are trans-national, i.e., they don’t really give a shit where they make their money and where they spend it. If the US goes all banana republic its not really a problem for the obscenely rich - they will just pick up and do their business elsewhere.
This issue goes hand in hand with why are foreigners like Rupert Murdach allowed to buy up extensive media holdings in the US and use them to influence US politics? Rupert Murdach doesn’t give a shit about the quality of life for US citizens. He only cares about growing his empire.
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Hi hi hi hi hi hi hi hi hi and hi! Hello and howdy and hiya! Hi hi hi hi hi hi hi hi hi and hi! Hello and howdy and hiya! Hi hi hi hi hi hi hi hi hi and hi! Hello and howdy and hiya! Hi hi hi hi hi hi hi hi hi and hi! Hello and howdy and hiya! Hi hi hi hi hi hi hi hi hi and hi! Hello and howdy and hiya!
CT, is that enough???????????
*Arrgh* PBS has sunk to new lows… Who was on Moyers?
Youre BAAAAD but probably right
I really think you missed one….Hi sweetie…. what are you up to this weekend ;)
Why yes, yes it does. He who is the source of so many of Bobo’s talking points.
Last time I watched that show, Rove was on and Charlie gave him carte blanche to lie his ass off.
I don’t know if my anger management skills are enough to have to listen to Bobo whine.
Heh, Now we know you’re here… *g*
Ron Paul
Hey, Kassie.
Movies with friends. Computer. Blogging. Chores. Sleeping late. Wishing school wasn’t ready to start again.
Huckabees consumption tax would kill consumption and then retail sales would be gone and then manufacturing would shrink and it’s just horrible for the economy.
Why on earth would a consumer society such as America ever want to tax consumption — it’s unAmerican.
I need dental work. Even though I have insurance here in California,