Interesting read- Bailout Nation by Barry Ritholtz

[Bigerik]

Easy to be liberal when you are super rich!

[d-ray657]

Originally Posted by bobabode

Those at the very top of the economic ladder have developed and used political muscle to dramatically cut their taxes, deregulate the financial industry, keep corporate governance lax and labor unions hamstrung.[3] Instead of a rising tide lifting all boats, the authors write, "yachts are rising, but dinghies are largely staying put" in America, and "there is reason to suspect that the dinghies are staying put in part because the yachts are rising." Wikipedia

Not to mention the dinghies have reach the end of their manufacturers estimated useful life and are developing leaks at an ever increasing rate. While the yachties have been reaping the benefits of de-unionizing the labor force to force cheap wages on their maintenance crews.

Buccaneer economics at it's nastiest. Buckets of blood and a hearty Yo HO HO and a bottle of rum.

QFT. Think wages in Indiana will start dropping soon.

Regards,

D-Ray

[Oerets]

Originally Posted by d-ray657

QFT. Think wages in Indiana will start dropping soon.

Regards,

D-Ray

Just today was talking to a Union member in Indiana who says it has already started. They have contract up in March and he has been approached by members wanting out before the threat of a strike. Want to quite paying dues ASAP also. The company he works for is a grocery store and the management is gleefully happy! After the vote last week in State house they mention cuts to benefits and pay in next contract.




Barney