ANOTHER ECONOMIC FAIRYTALE

This one however is so full ill-conceived  logic that I hardly no where to swing my axe first.

Let’s start with the measure of productivity.  I have said many times before of all the phony economic numbers that are manufactured Productivity is among the worst measures we currently have.   Wait , all the government numbers are bad, GDP, employment, inflation, money supply , (the real numbers are right here) that any story addressing any of these problems has to be subject to a very high-powered microscope.  (or your bullshit meter)

The guys who wrote this proved they don’t know squat, when they cite productivity as a measure of what wages should be, if that were actually the case(and it use to be) the Walmart employees would be making 100 bucks an hour.   History will tell you when you look at productivity vs wages they track on an upward curve until this Free Market crap took hold with RR and continues on today.

They actually have the balls to say that adjustment in wages has happened but not near enough of a drop in US wages and that unemployment is the indicator that says this is the case.  It couldn’t have been that our dear corporations have outsource not only millions of jobs but whole industries that have raised unemployment.  Oh NO, couldn’t be that.  Bullshit!!  A surge in US Productivity (here’s that word again) shows that jobs are still be outsourced… How does that work you might ask??  Here’s how.. I own a small TV manufacturing company that employees 100 people and makes 1000 TV’s a month .  But I’m a smart cookie, I outsource the manufacturing end of the business to China and now only employee one guy in the states to unload the ship bringing the TV’s into the country.  I just increased my company’s productivity by 1000%.  Pretty damn neat , but I never mention that now there are 99 more people looking for a new job.

These fools suggest a further pay cut for US workers of 20% and or a deliberate rise in inflation, or further cuts in the dollar.  Everyone of their ideas is bad for the American worker, thank you very much you corporate whores!

As always there are a few better ways to fix the problem.  You could raise everybody else’s wage to our level.  You could raise tariffs (a simple explanation  shoes made in the us cost 10 bucks, a shoe made in China costs a buck) install a tariff of 9 bucks a pair and suddenly a pair of shoes costs the same.  Therefore let’s make them is this country. (this is how it was done ) until the 80’s and before wars it was how we paid  for the running of the government.

I can see the nodding heads listening to Faux News, or the likes of Limbaugh nodding their heads in agreement with these pay cuts, till suddenly they wake  up and say”OH SHIT ! THESE ARE MY WAGES THEY ARE TALKING ABOUT”

ONE BIG THING THEY OVERLOOK AND THAT ISN’T MENTIONED OFTEN.  WE BUY(350 MILLION OF US) EIGHT TIMES WHAT (2 BILLION CHINESE) BUY.  REDUCE  OUR WAGES FAR ENOUGH AND THEN WE WILL ONLY BE BUYING THE SAME AS THE CHINESE.  NOW WOULDN’T THAT BE GREAT FOR ALL HAND.
LAME BRAIN IDIOTS ARE THESE GUYS

 

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Explore posts in the same categories: CERTIFIABLE, CHECKBOOK ECONOMICS, deception, DESTRUCTION OF AMERICAN JOBS, HARD HEARTED HANNA'S, HOW DID WE GET HERE

One Comment on “ANOTHER ECONOMIC FAIRYTALE”

  1. Junior Says:

    And if that’s not bad enough, we’ve got another bubble on our hands. Here’s Market Watch:

    http://www.marketwatch.com/story/materials-and-energy-gains-suggest-bubble-in-store-2009-11-16


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