Recent comments

  • Roy Beck from NumbersUSA is in the position to make a difference on the ground.

    Many of us have gone to Washington D.C. with this result:

    • talked to our representatives (or more likely, their aides)
    • had them pretend to listen to us
    • went back home
    • watched nothing happen

    Roy is a straight-shooter with the potential of leading politically.

    Roy and Rosemary- if you're listening- you know how congress pushes through "dead of night" legislation and you know how to stop it!

    Reply to: Here Come the Lobbyists   15 years 5 days ago
  • This isn't a debt crisis, any more than the Great Depression was when the stock market, pumped by buys on margin of up to 96% of a stock's value was.

    They are both crises of maldistribution of wealth. This time the tax laws were fiddled and wages depressed and finally decent jobs were offshored, the result being wealth concentrated into very few hands at the top while everyone else was encouraged to use relaxed credit rules to compensate for depressed wages. The only thing that didn't happen the last time was the offshoring.

    No economy with wealth concentrated at the top while the bottom drowns in debt is a stable one and it is going to collapse, no matter how many bad checks the government sends the suckers. Eventually somebody notices the debt is simply uncollectable and the whole house of cards comes tumbling down.

    Don't expect this one to be as easy to fix as the last one was. Roosevelt was able to borrow and spend his way out of that one. President Stupid has slammed that door shut.

    Reply to: Isn't the Problem Bad Debt?   15 years 6 days ago
  • Welcome to the site and I hope you register and consider posting articles (blogs). We'd love to have your input and cross posting to other people's work, blogs, papers is strongly encouraged. We want more regular folks to become economically literate so they may more accurate demand our government change policy and not be sucked into rhetoric such as tax cuts solve everything.

    Other readers, Dr. Powell's website he refers to is:

    Exponential where it appears he has a lot of detailed work available.

    Reply to: Jobs - Good Paying Jobs is What the US really needs To Stimulate The Economy   15 years 6 days ago
  • This commentary is absolutely correct.

    Seriously now. There's no shortage of American workers. See the job losses at The Death of the Middle Class on my site. Stunning.

    Nationally we've lost 21.1% of mfg jobs since the Mar98 peak. Colorado Springs has lost 37.8% of mfg jobs since Jan 01.

    Nationally we've lost 17.4% of IT jobs since the Mar01 peak. Colorado Springs has lost 47.2% of IT jobs since Jan 01.

    The 1991 Advanced Technology Products "Trade" Balance was +$38.4B.
    In 2007 (Nov06-Oct07) it's -$50.7B !!! From plus to a big minus.

    We're talking bloodbath here in the face of an exponentially-increasing (literally) and unsustainable "trade" deficit.

    I put "trade" in quotes because it's actually "transfer of the factors of production", "transfer of jobs", labor arbitrage ... any of these are better descriptions of reality.

    Reply to: Jobs - Good Paying Jobs is What the US really needs To Stimulate The Economy   15 years 6 days ago
  • ANSWER: Vince Wade.

    Vince’s objective is to produce a Michael Moore / “An Inconvenient Truth” type movie.
    Wealthy Patriots & Investors… please contact Vince Wade, immediately.

    Vince’s entire video collection is here:

    Vince used to be an investigative reporter for ABC in Detroit Michigan.
    He indicated globalism and unfair trade has adversely impacted Michigan.
    Specifically, Vince mentioned other nations imposing Import VAT taxes while
    the United States does no such thing.

    Also, if you have information related to Fraud & Abuse J1 Visas,
    Please contact Vince.

    Reply to: United States Universities Subsidizing The Competition   15 years 1 week ago
  • Take a look at the videos on the "New Agenda for America": the stealth weapon for bringing the Neo-Con agenda to a dead stop.

    Let's Influence the 2008 Presidential Election
    Support the "New Agenda for America (NAA)"
    goto newagecitizen dot com /naa.htm

    Reply to: The Economic State Of The Union -- 2008   15 years 1 week ago
  • I don't think just stopping all guest worker Visas or immigration is realistic. That said, stopping the guest worker Visas increases (h-1b) and passing reforms like the Grassley-Durbin S.1035 would go a long way in helping the US middle class.

    It appears more and more economists are starting to discuss the effects of globalization on the overall economy, beyond jobs.

    Reply to: Jobs - Good Paying Jobs is What the US really needs To Stimulate The Economy   15 years 1 week ago
  • I'll consider that one for a new site feature, "forward to your congress representative". I cannot believe how much misinformation, inaccurate statements on economic statistics I've heard/read in letters to constituents, in the press, floor speeches,, so excellent suggestion MikeR!

    Reply to: The Economic State Of The Union -- 2008   15 years 1 week ago
  • Charles McMillion's article should be read by every journalist and member of Congress.  However, he ought to have pointed out that the "new paradigm" isn't new at all.

    Since our country was founded, the holy grail of the financial elite was to "end the barriers to free trade" to make themselves wealthy and dismantle the middle class at the same time.

    What's new about the "new paradigm" is that we've had 28 years of executive branch complicity in globalization.

    Ask yourselves one question -

    How's it working for you?

    Reply to: The Economic State Of The Union -- 2008   15 years 1 week ago
  • Lets see how the madness goes:

    We sell China missile guidance systems - they blow up a few satellites to test it.

    China sets up a Cyber Warfare unit in their military - and some people want them to have the company which does security hardware and software for the World Wide Web ie 3Com? China has been caught hacking us and allies over and over again so lets sell them 3Com so they can be king of the internet.

    Our Congress is threatened by several major software vendors that they will move R&D and training offshore for potential workers. Duh.... theyve already done that.

    We allow certain countries the ability to sell cars in the US but we cannot sell cars there. I could go on and on.

    The scary thing is either Congress gets it and they are doing the mirrors and smoke thing - or they are really that dumb - both speak loudly that its time for an overhaul. Only we can do that in the election booth.

    Reply to: The Economic State Of The Union -- 2008   15 years 1 week ago
  • I link to the CBO's quick spreadsheet where they claim investing in public works will have a small effect. I don't know how they get that for intuitively it would improve much neglected public infrastructure which generates business, jobs for Americans, buying of US raw materials and should keep any deficit spending at least within the United States.

    Reply to: Lost your Job? Lost your House? Here's $300 Bucks!   15 years 1 week ago
  • This is a fantastic edition, I keep hoping the real economists will consider blogging for the main stream media simply does not cover the details as they need to be brought to light.

    In your graphs and analysis from your MBG Information Services organization, one can see where the U.S. is losing economically because the data point is right there in the graph. (for example the China tariff schedule) .

    Most people only know something is dramatically wrong, but have no idea what is even meant by free trade versus "fair trade" and statements like "have labor and environmental standards".

    Without actually finding books and journal articles by and for economists, that level of detail just does not get out there to the layperson.

    Reply to: The Economic State Of The Union -- 2008   15 years 1 week ago
  • Bob,those numbers and the statistics gathered by D of L have been problematic for years.

    The outsourcing one is especially misleading as you point out. I remember the number "51" as the value for jobs lost to outsourcing offshore in the 2004 January listing and the Q. I had "??? what is this? " When I knew of the closing of Carrier/United Technologies to move to Singapore.

    The reason was simple and a perfect out:

    The company in Singapore was still owned by UT/Carrier. The requirement by the Bureau of Labor statistics was to report any closing of more than 50 in number lost, unless the jobs were transferred to a new location and not actually deducted from the company's count. So the 4100 jobs that vanished from New York magically reappeared in Singapore without the New Yorkers. So no need to report it as outsourced. In fact ,the separate listing for companies no longer in existence inside the USA (out of business or totally outsourced was getting to be so cumbersome it got deleted as a category in itself. Later in 2004. The defense for this is: the company is in business, profits are rolling in , what's the problem? Even though Americans just got shafted /RIFTED, turned out to scramble on a shrinking in most cases job market. The figures hide the facts for the American workers.

    Those numbers that consistently underreport unemployment based on state Division of Unemployment Compensation transaction figures also drops the count when those 26 weeks are up. There is no follow up about new or re-employment in the same industry, it is left to announcements by the companies self reporting about their status.

    The whole Dep of Labor is an embarrassment and headaches Washington politicians. it often reveals some bad news that annoys the people doing propaganda about how wonderful the economy is and creates a spark to maybe do something about it. There is a grudging allowance for it, but I feel its reporting is more and more intended to disguise trends, not have an honest accounting to guide policy decisions. That is our corporate masters and their hirelings in Washington (a.k.a.politicians) at work.

    Reply to: An Economy Fueled, Funded and Fed by Debt   15 years 1 week ago
  • I would have to guess improving the nations infrastructure is the most beneficial way that money could be spent. The money would stay here and help employ people in the construction trade who have taken the brunt (so far) of the slowdown. At least our children will be able to use the roads and bridges of which they are footing the bill. Its only fair and thats why this administration does is against the idea.

    Social security is solvent to 2040 they have stolen the money for themselves and their buddies like Blackwater. Its criminal.

    Reply to: Lost your Job? Lost your House? Here's $300 Bucks!   15 years 1 week ago
  • They also claim we cannot have social security or health care on top of it. Not one mention of the DoD, this massive military budget.

    We need enough Americans to start demanding policy that is in our best and long terms interests.

    I don't buy the CBO putting "unknown" of the benefits of investing in public works, US infrastructure on their stimulus analysis spreadsheet.

    Reply to: Lost your Job? Lost your House? Here's $300 Bucks!   15 years 1 week ago
  • After all they are "lending " you another $300. Do we think the generations to follow are not going to be bitter. Our children and our childrens children that will stagger under the weight of an $10,500,000,000,000 thats 10.5 trillion dollars like the blog says. Bush alone has stolen 6 trillion dollars from your kids and slid it to his rich friends. I don't know about you but that enrages me.

    Reply to: Lost your Job? Lost your House? Here's $300 Bucks!   15 years 1 week ago
  • It appears private, class action, private
    law firms sue IBM

    Reply to: IBM Lawsuit   15 years 1 week ago
  • Was the IBM lawsuit initiated by the DOL?

    Reply to: IBM record profits - Squeeze Workers   15 years 1 week ago
  • I think a position paper on why this is a horrific idea is the first
    step. I don't think this should be so hard to put together
    considering we have a potential economic tsunami coming our way. The
    evidence is already overwhelming that the H-1B is a global labor
    arbitrage vehicle
    and 300k (at once?) would clearly decimate working professionals in the


    Reply to: Stopping Compete America   15 years 1 week ago
  • This country is already over 300M and growing fast and correlating population to universal health care is something I haven't heard much of.
    I'd probably think that total income, the fact the US is becoming so economically divided, so many poor, that ratio might be the bigger problem economically.

    Looks like we need some more experts who are not writing for some corporation, lobby organization, "special interest" to sum up for us.

    Reply to: Oh Those Socialist French   15 years 1 week ago