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How Junk Economists Help The Rich Impoverish The Working Class

ast week, I explained how economists and policymakers destroyed our economy for the sake of short-term corporate profits from jobs offshoring and financial deregulation. That same week Business Week published an article, “Factory Jobs Are Gone. Get Over It,” by Charles Kenny. Kenny expresses the view of establishment economists, such as Brookings Institute economist Justin Wolfers who wants to know “What’s with the political fetish for manufacturing?  Are factories ...Read full article...

U.S. Government issues yet another phony Jobs Report

The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not. According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid non-exportable domestic service jobs–the jobs ...Read full article...

Spain Officially under Brussels Rule

By requesting a financial bailout of its banking system and accepting all measures recommended by Brussels, Spain has effectively walked into the wolf’s den. By LUIS MIRANDA | THE REAL AGENDA | JUNE 26, 2012 The reaction to Spain’s decision to accept a financial bailout for its banking system had immediate reactions everywhere in that country and abroad. First, the decision to request over $100 billion dollars to Brussels ...Read full article...

How Globalism Destroys Jobs, Businesses And Wealth

m4s0n501 American Dream July 14, 2011 As most Americans stand around waiting for the U.S. economy to return to “normal”, there is a never ending parade of jobs, businesses and wealth heading out of the United States.  The jobs and businesses that are leaving are gone for good and will not be coming back.  This is causing unemployment to soar and government debt to skyrocket but our politicians are ...Read full article...

US media demands Greek-style austerity for American workers

WSNM In recent days, the US media—led by the standard bearer of American liberalism, the New York Times—has insisted that workers in the US, like their brethren in Greece, have been living the good life for far too long and must accept a drastic and permanent reduction in their living standards. In a May 9 piece, Times columnist Thomas Friedman denounces workers in the US and Western Europe for believing in ...Read full article...