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Here we go again - This follows a recent post about the
Same old Song about restoring Jobs
Thomas Friedman, author of The World is Flat, plays the same old song about restoring jobs again in a recent article from the New York Times, calling on President Obama to create jobs through innovations. He plays while President Clinton, President Bush, Greenspan and President Obama dancing in the dark together to their free trade song, with Limbaugh and Gingrich doing a jig too on their dance floors promoting and engineering free trade. All promote the scam of the century -free trade and globalization. Only current Fed Reserve Chairman Ben Bernanke reveals part of the scam. He said, the best way to stimulate the economy is to buy "domestically produced goods." However, this term may include production that are only assembled in the USA and so even Fed Chairma Bernanke skirts arount the problem too instead using the term Made in the USA. Something like Honda in Indiana should set off a fire storm against so called free trade where the State of Indiana paid Honda after upfront and later $160 million dollars of taxpayers money to build their assembly plant in their state. The parts come from the impovished workers outside the USA. Honda ended up employing 5,000 workers. If someone did the math they would find out that this alone will be a losing proposition for years to come. However there is even more negatives than that. During this time, about 20,000 auto parts workers in Indiana lost their jobs. So the end results are even darker.
In West Point Georgia, the scenario plays out the same way with KIA getting about the same amount from taxpayers with many out of work. The town even put up a banner saying Thank you Jesus for KIA. We can give you more examples too while the free traders above play the same old song about creating innovations. Even if Pres Obama funds more taxpayers money for research and development, nothing is in place to stop the production cycle from going outside the USA to the cheapest labor markets of the world. It is an endless loop to nowhere while all these leaders and the news media keep playing the same brokend record.
I worked in several factories while going to college and these jobs are all gone. If these jobs were still available we would have thousands standing in line to get them including college graduates with many with master degrees and beyond. We still use all these things. The only
difference they are made somewhere else in the world as we live off impoversished workers and even child labor. I was part of every computer generation with tons of innovations. Cleveland was even a center of these innovations during this time, but then more than a million workers lost their jobs in the computer industry as our government sponsored programs to give our technology away to other countries that took years
to develop. The value was perhaps more than ten Marshall Plans. The Marshall Plan restored the European and Japan's economy after World War 2 by duplicating the success and not sending production to other lands just for the sake of cheaper labor and the investment communities with the latter getting bailed out. It is obvious that President Obama is paid to bail out free trade no matter what.
The innovations we need to find are ones that are in a back to the future mode and create the real free enterprise system again. I was part of the massive influx of innovations in the 1980s. The Cleveland region was leading the way in high tech right behind the Silicon Valley where I traved to frequently. For some reason , people like President Clinton, Pres. Bush, Pres . Obama, Rush Limbaugh, Newt Gringrich , Senator Dole and Thomas Friedman chose to send out all the technology that took years to develop outside the country. They all betrayed the American workers and eventually all the workers in the world.
There will always be someone in the world who will work for less. The last jobs protected in the U.S. are government jobs. The public sector workers are more closely united with the political leaders. Those in the private sector are left to fend for themselves.
I review Thomas Friedman's The World is Flat from a real world perspective of workers and the real free enterprise system at exploring the lost worlds in the globalist free traders Flat World
What we got here is a chicken before the egg economy
The new high tech economy somewhere out there in space but not here on earth
I consider the editorial pages as the heart of a newspaper and a hard copy way that is not
easy to be copied online. Newspapers are suffering an identity crisis and policies seem to be controlled by publishers independent of readers views and I suspect even the views of the editorial staff itself.
The only major newspaper in my city did an editorial Sunday describing the needs of our city and surrounding suburbs.
The first thing listed was to break down the closed doors that feed cynicism and stifle creativity by involving citizens in major civic decisions. This sounds good until you get to the next parts when only a chicken before the egg economy is pronounced. The big thing for many months in our city is to build a medical mart which is supposedly would rock our economic survival. No one yet has told us how something that depends on its own survival on taxpapers who do not have jobs to support the process. The medical industry is something that comes after other things are happening to produce the flow of funds and not before.
The next thing that is brought up is our lakefront. Being near the great lakes, it is an asset waiting to be opened but if it is used to ship in more imports than it exports, we are back to square one in the formation of any real economy. No one reports about the overhead of shipping goods 8000 miles to get to consumers nor do they report about the impact long haul shipping and protective containers and packaging have to the environment let alone to the overall welfare of the people in th city. Years ago I suggested a large mercantile bizarre or upgrade flea market on the lakefront by the downtown airport. Everything is in place including tons of parking. When you do not have the egg to produce a good economy, you need to something with what you have. Consumers could be retailers too. You can start a middle of the road economy from the bottom up with a place open to the public to sell their collectibles and antiques of products that once were made in the USA. It could also be a place for business to busines meetings and sales in an everyday buffet atmosphere at a airport on lake and this is the way you could broadcast it around the world.
What is happening instead. The talk has been endless for years about new technologies but all the creativity and research in the world is worthless if the production cycle goes outside the city, state or country. The surge now is for gambling casinos instead and space related jobs because of our excellent NASA facility in the region. This is a good thing but again ignores where the money comes from. The newspaper also calls for more immigration by opening a welcome center for immigrant investors. I do not know what there is to invest in but I wrote a statirical piece at my Ray Tapajna Chronicles that forecasted our economic crisis years ago. about a China direct facility at the downtown airport. China opened one of its first retail outlets in New York to sell directly to consumers. This could knock out the middlemen like Wal-mart. I suggested we should take it a step further and just bring the Chinese workers here and have some of the old hangars aat the downtown airport that only be retail outlets but places where the Chinese workers could make the things too. To offset their low wages, the city could give them some of the empty homes to live in. We then could enjoy everything at the lowest prices while others in the retail service industry could make it then with addes government assistance as they do now. For many years in Rome, it was better to be a slave than a freeman.
The new high tech economy somewhere out there in space but not here on earth
In the last election, voters voted for a new local central county government to rule over all the city and the suburbs but like everything else that is centralized, it becomes a new race between the good and the bad. People tend to forget that when you centralize all that is good you also bring more power to all that is bad too.
Rolling the funny money dice in the global economic economy by Ray Tapajna
We were warned about the funny money games in the global economic casino years ago . It is not something new.
The financial crisis stems from making artificial money products independent of real production products from industry.
The stock market remains suspect as to its real mission of adding value to the economy.
Back in 1999, there were even money products where traders bet on the outcome of the Y2k crisis. Traders bet that the cost of money would surge in December of 1990. They bet computers could lose track of money transactions with banks then becoming reluctant to make loans. The Y2k crisis also funneled artificial money into the economy as governments and private business spent money they did not have in resolving the computer problems that were ignored for years related to the turning of the century to the year 2000.
There were also all sorts of hedge funds in motion. In 1999, Federal Reserve had to orchestrate a $36 billion dollar infusion of cash into a Long-Term Capital money game played by a consortium of major lenders - a group of top Wall Street's biggest banks The Federal Reserve had to react to a hugh speculative fund that invested money for rich people and large institutions. If they did not react, there would be a negative domino effect throughout the economy. The fund had fallen from $4.l billion dollars to $2.3 billion in one month's time. The 21 days later it fell to $600 million.
One Connecticut hedge fund, owned by the super rich also looked like it was going to bring down the world financial system. Long-Term Capital Management had borrowed tens of billions of dollars from pension funds and other savings around the world making super bets turn into sand. The bets involved so many financial products, many money experts feared a panic attack worldwide in the global economic casino. The core funds were derivative investments tied to securities worth more than $1 trillion dollars.
Many critics warn that bailing out these funds would send a signal to the super rich investors that they can bet all they want and get rescued if the bets did not go their way. It was high stakes played out in a global casino.
In the late 1990s in Clinton's land of is everything seemed to be based on what your own definition of is - is . The Long-Term Captial , left out what would happen if the Russian ruble would collapse as it did.
All the financial wars were hidden away during the Bush era while President Bush
kept everyone eyes on his pre-emptive shock and awe real wars. The supranational financial gambling went on. And the super rich and the super banks made mone by conning the workers of the world. They pushed free trade which deflated the value of workers and labor by moving production from place to place for the sake of the cheapest labor markets. However, as Manuel Castells, who predicted the "Bewildered New World" very bad things happen when the money products are separated from production. The little guy who was conned into buying a home at a variable interest rate was set up to be hammered.
Wall Street ended up cutting 3,400 workers and the executive who managed Merrill Lynch & Co.'s global risks was fired too. In addition, Salomon Smith Barney, the brokerage arm of the newly formed Citibankgroup cut 100 workers in is bond department.
The coming financial storms could have been forecasted easily. Instead many of these same people received bail outs by President Obama and given jobs to fix the economy that they broke. They played the funny money monopoply games and President Obama gave them the get out of jail card.
And the Bible tells us the only time Jesus became angry was when he encountered the money changer in the temple. I wonder why many of our spritual brethren to not connect all of the above with this, when they preach prosperity theology. Our economies based on making money on money instead of making things are burning out in the meantime.
Sources: Kathleen Day, Washington Post, Elizabeth Sullivan, ( current editorial page editor at Cleve Plain Dealer ) and articles from the Associated Press in 1999
Are the Tea Parties brewing the right tea - Are they ignoring the main causes and effects of our economic crisis?
The so called free market has to be scoped too
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UPDATE ALERT and GOOGLE ALERT -
It's time to forward these untold stories behind the news to government, political leaders, economic professors, friends and all news channels especially newspapers who are concerned about what readers want to read as hard copy..........
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The future of newspapers
Elizabeth Sullivan, Editorial Page Editor for the Cleveland Plain Dealer (Ohio, USA) wants ideas from readers on how to make their newspaper better. She is a real journalist. She is one of the best edtorial writers in the business and since she became the Editor of the editorial page, I miss her penetrating articles that were always supported with obviously deep research. She did not just take things off the news services and add a personal slant to them. She is the one that exposed the real story about Hillary Clinton's Balkans war story experience. See comment section following article at Jobs lost in the Clinton era.
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President Obama, President Bush and President Clinton all in one Free Trade Party
Hurricane Katrina in New Orleans exposed a silent depression in our land in 2005 and it apparently was around for a long time before that. The silent depression represents millions missing in action from any kind of real reporting with New Orleans as an example. The unemployment reporting is fiction compared to the reporting years ago. Someone making only a $100 a month in our time is reported as employed and no one provides the breakdown of where 60 percent of our workers are working with only about 40 percent of all workers in the USA qualifying for unemployment insurance. There are many things like this that are kept silent in the silent depression
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Evidently the separation of church and state does not apply to public schools -
It is impossible to separate the state from church in education. Public education implys a state religion. The separation of church and religion people enforce a state religion without even knowing
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The Detroit Newspaper strike told the story of things to come more than ten years ago
In March of 1999, Cardinal Adam Maida spoke about the Church's ( Rerum Novarum) endorsement in the 1890s, of the rights of workers to just wages and to organize for mutual support and protection. Today the AFL CIO Union private sector production workers only represent 15 percent of the membership with public sector government workers representing 50 percent of the total members. Back in the 1970's the validity of public sector workers being part of the AFL CIO would have been questioned as to why government workers were in a labor union instead of having a government union since the people are their employers. In the media , unions are still blamed for our economic mess with it being understood these unions are made up of production workers. No one in the media seems to know that these workers have been virtually gone for years. But this does not stop the rant against labor organizing
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President Obama State of Union message is same old song. It's an omission of the real causes behind the economic crisis
Obama still ignores the real cause behind our economic crisis - free trade
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Comment by Tapsearch Com Editor
on Friedman Flat World plays the same old song
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