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Posts Tagged ‘economy’

And that’s without tax breaks for the rich. Investors made money. The middle class prospered. THERE WAS EVEN WELFARE REFORM!

Republican rule has brought economic disaster to the middle class and the rich (other then the Oil Companies/investors) has even lost money due to an actual drop in the Dow Jones average to close to 9200 points today.  When Clinton left office January 2001, the Dow average was 10587.

They simply do not know what they are doing when it comes to leadership. However, they are great complainers about the supposed incompetence of Democrats whenever they are power. No doubt they will become even better ones during an Obama Administration.

Never mind what just transpired the past 8 years.

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Does anyone even mention the “Contract With America” anymore? Trust me, if the shoe was on the other foot, todays media would be all over the Democrats asking, ” Just how has that contract turned out?

The mantra of Republican ideology since the days of Reagan has been “less government, more prosperity”. Twenty years ago through ONE month ago, you could not have had a conversation with a Republican about the economy without them saying “there’s too much government regulation/involvement in our lives. If government gets out the way, businesses can do what they need to do to keep the economy growing.”

For the past two years, the Democrats have had a slim majority in Congress. They can’t even pass anything strong enough to override a Presidential veto. Prior to this time frame, the first six years of Dupya’s Presidency was controlled by Republicans who had a decided majority in Congress. They passed bills that were shaped by their ideology of “less government, more prosperity” at their leisure. The only tool Democrats had  against the Republican majority during that time was the use of the filibuster. To take this even further, Congress was also controlled by Republican’s during the entire 8 years of the Clinton Administration.

Today, Republicans (though the minority in Congress) don’t even have to use a filibuster on Capitol Hill. They don’t need it. They have enough votes at anytime to vote down anything the Democrats bring up. They have passed legislation that has given tax breaks that along with the war in Iraq, has driven the budget deficit to record proportions. The Bush Administration has put political appointees in every administrative position in all government agencies that workto prevent the proper functioning of these agencies.

When Advocates Become Regulators President Bush has installed more than 100 top officials who were once lobbyists, attorneys or spokespeople for the industries they oversee.

Bush appointees censor scientists at government agencies

Bush Administration Political Appointee Reverses Endangered Species Protections for Nation\’s Wildlife

Bush administration under a cloud

Appointees Guarding The Henhouse

A Young Bush Appointee Resigns His Post at NASA

The mantra of less government has been the drum that has been beat on by Republicans. Now they are saying that more regulation is needed and that it is just as much the Democrats fault as it is theirs that the country is nearing a “Great Depression”, no recession. WTF?

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All within one weeks time. And your judgement is better then Obama’s? THE ONLY REASON THIS IS A CONTEST IS BECAUSE OBAMA’S BLACK! This topic will be talked about for decades to come.

McCain, Palin and ALL REPUBLICANS are jokes. The problem is, the people they hurt are not laughing. But some of them are stupid enough to be baited by Fox News racists leads and their life time hatred of blacks into supporting the very fools that work against them everyday! REPUBLICANS!

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you know whats! The U.S. economy is under attack. And not by Muslim extremist with towel heads and long beards. They’re wearing Brooks Brothers blue suits or their undies while sitting at a computer in their home day trading.

They are called oil speculators. And if the dollar falls to a point where OPEC decides to use the Euro instead of the dollar…

WE ARE GOING TO SEE A DEPRESSION!

These speculators have manipulated the rise in the cost of a barrel of oil by simply referring to “speculation” about supply/demand/reserve concerns in driving up the costs of oil.

Their “speculation” has no valid connection to what the actual oil supply/demand/reserve facts are. Google it and you’ll see…

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Having been born and raised in Gary, Indiana (1st 18years), I’ve lived in the Raleigh-Durham, NC area since June 2001. The similarities between Indiana and North Carolina are in most instances subtle, and in some instances striking.

Indiana, Northwest Indiana in particular, has suffered greatly due to the global economy, primarily through the loss of blue collar work in steel mills and manufacturing.

The Raleigh-Durham area is positively affected by it’s proximity to Research Triangle Parks Biomedical and Technology focused industry. These industry’s and the major banking industry presence in Charlotte has allowed both the Raleigh-Durham and Charlotte job force in North Carolina to avoid being negatively affected by the global economy.

However, rural North Carolina has been devastated by the effects of the global economy. Free trade agreements have negatively affected both North Carolina and Indiana with respects to jobs being lost to cheap labor located in places foreign to US soil.

How fitting is it that the two primary’s that I believe will decide who gets the Democrat Presidential nomination are the Indiana and North Carolina primaries.

The North Carolina voter has a unique paradox because it ecompasses voters who have not only been negatively affected by the global economy but also positively and negatively affected by the US’s global war on terror.

Eastern North Carolina is home to a vast number of US military installations such as:

The Marine Corps Air Station in Cherry Point, NC

Fort Bragg Army Installation near Fayetteville, NC

Pope Air Force Base, Fayetteville, NC

Seymour Johnson Air Force Base

Camp Lejeune Marine Corps Installation

The US Cost Guard Installation in Elizabeth City, NC

The Marine Corps Air Station in Jacksonville, NC

While North Carolina bases have seen an increase in military manpower assigned to it’s bases (thus creating economic stimulus to the communities they surround), they have also had to deal with the loss of life and problems facing soldiers who return with mental and physical injuries associated with serving in the two wars the US is currently involved in, Afghanistan and Iraq.

While Indiana as well as other states certainly are dealing with similar issues, North Carolina is one of the epicenters for these concerns in whole US of A.

That’s actually the way I view Northwest Indiana in the area of job loss to foreign labor; an epicenter of blue collar job loss. In this area, the job losses started in the 70’s. “The Region” (as they call it) has lost, probably, over 100,000 jobs in the steel and manufacturing sectors over the past two decades. I actually believe that 100,000 would be a conservative number.

In some respects, the textile industry in North Carolina has suffered the same plight as the Northwest Indiana industries. Take a look at the following:

  • 1994—> The Uruguay Round’s Agreement on Textiles and Clothing (ATC) requires countries like the U.S. to phase out import restrictions on textiles and apparel under MFA over the next ten years.—> NAFTA goes into effect.
  • 1999—> Burlington Industries lays off over 2000 workers in six North Carolina textile plants.
  • 2000—> President Clinton signs the Trade and Development Law of 2000. Thislaw consists of the U.S. – Caribbean Basin Trade Partnership Act (CBTPA) and the Africa Growth and Opportunity Act (AGOA). Both of these measures improve trade relations between the U.S. and countries in the Caribbean Basin and Africa.—> Shelby Yarn closes three plants in Shelby and Cherryville, North Carolina, eliminating 650 jobs.
  • 2001—> Westpoint Stevens eliminates 1250 jobs in Roanoke Rapids, North Carolina.
  • 2003—> Kannapolis-based Pillowtex closes five North Carolina plants and eliminates over 4,000 jobs. The Raleigh News and Observer calls it “the single biggest job loss ever in North Carolina (Martinez, 2003).”
  • 2004—> U.S. Congress will be debating and voting on CAFTA, a trade agreement similar to NAFTA that includes Central American countries like El Salvador, Nicaragua, Guatemala, Honduras and Costa Rica.—> New York financier Wilbur Ross decides to create new International Textile Group by merging bankrupt Burlington Industries and Cone Mills. The new textile giant is expected to have annual revenues of $900 million (Lunan, 2004).
  • 2005—> All textile and apparel quotas will be eliminated for 148 WTO nations under ATC.

http://www.duke.edu/web/mms190/textiles/

Since 1993, at least 13,000 jobs in North Carolina has been lost in the textile and furniture production industries due to NAFTA. Indiana has lost over 16,000 jobs to NAFTA in the motor vehicle equipment and electric equipment industries.

http://www.epi.org/content.cfm/briefingpapers_nafta01_impactstates

I dare a news media rep to go to the towns that lost these jobs and ask the ones who have lost their lively hood, if they are bitter because of free trade agreements that Billary Clinton and Dupya have signed into effect during their tenures in the White House.

I’m sure they’ll get an ear full bitterness.

Imagine what it’s going to be like when the soldiers are brought back to the US. The economy is in shambles due to Dupya’s teams financial and political ineptness. Unemployment is already high. Imagine what’s going to happen when these soldiers get back and they can’t find a job.

What if they feel they can’t get a job because of the illegal immigrant effect on the local job market.

A veteran solider is not going to work for or provide “cheap labor”.

NAFTA NEEDS TO BE RENEGOTIATED.

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America. You’ve had almost 8 years of Dubya looking you right in the eye and lying to you. You had every reason to get rid of him before his re-election, yet some of you blindly believed in the President. “He wouldn’t mislead us”, you probably told yourself.

I bet those of you who fit in this category believe ‘ole Dubya” when he said (today) that the US is not in a recession. He says we’re just in a slow down.

You need to take a look at a post I’ve got in my tax cut economics category for a wake up. Last month, I predicted this statement would be coming out of his mouth fairly soon.

If you want more punishment for your stupidity, a vote for Clinton or McCain gives you what you want. They have a proven track record of being the type of people who have no problem looking you right in the eye and lying to you.

Be it related to an issue concerning our national security or a just a regular old presidential stump speech appearance, they’ll tell you what they think you either want to hear, changing their previously touted position in the blink of an eye; or tell you what they need to in order to either stoke fear in you or to clean up something they said that exposed them for the lying souls they really are.

I don’t live in a small town now. I don’t own a gun and I keep my religion to myself. But yes I’m bitter. I’m originally from a small town called Bitter City (Gary) Indiana. I know what being bitter is like living in a small town that has got the short end of the stick year after year after year.

I’ll just say that, collectively, this country has worked very hard to make it what it has been. In spite of all it’s transgressions, it’s still been the land of opportunity.

We have a new opportunity to add to the legacy of those of the past (all races, creeds and colors) who shed blood in all aspects of historic struggles that shaped our democracy.

If only so many were so aware of this.

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I just filled up my tank and the price of a gallon of regular is $3.50 plus at just about every gas station here in Raleigh, NC.

I just had to pay a $333 co-pay for a ct scan for my daughter earlier in the day.

I’m pissed.

I stop by a convience store and over hear several NC candidates for Governor advertisements for my vote while I was in line to pay for an overpriced bottle of Sunkist. All of them say that I need a governor that won’t look out for the special interest people or it’s time for the “not so special interest citizens of the state of NC” to have someone in the Governors house that will look out for them.

I get home, check the news on the net, and I’m inundated with video reports showing Hillary dancing on stage to the tune of Rocky, or reading about Obama asking people can they smell what he’s cookin.

And George W. Bush has the nerve to go to NEW ORLEANS of all places and dances on stage, having a good ole time with some house servant looking brotha with an umbrella dancing with him.

I have no choice but to vote and become involved in the political process no matter what the outcome of the 2008 Presidency for the rest of my life. I will not go down without a fight. The reason I blog now is solely to voice my “perspectives on life and politics from a brotha’s perspective”.

No political candidate speaks for me. I’ve got a decent paying job. I’ve got health insurance. I’ve got a home with a regular mortgage. I’m raising two girls and my spouse is someone with a Master’s Degree who’s had to accept a job paying her far below what she used to make and provide what’s needed to have something left after the important bills are paid, just to pay her student loans that will soon kick in after her deferment expires (she was unemployed for 8 months prior to this February 08).

I am doing great by some other peoples standards, but I am struggling to stay afloat. But I will stay afloat. And I will make my voice heard. I am neither black nor a liberal or a conservative. I am a citizen of these United States of America.

Hopefully, those of you voting for Hillary understands what someone is saying when they say they are voting for Obama more for the revolution that it fuels. Voting for Hillary does not fuel revolution. It brings back some of the same special interest people back into power or keeps some who’s already in power, in place.

The Clinton history of pandering has been “vetted” by ones look back at Bill’s Presidency. Do you think the Clintons are scared of any of us? Hell no. Especially not Bill. He’s shown us that hand.

I want someone who cares what white people are going to say about their moves/decisions. What Black people care about their moves/decisions. What Hispanics and Asians care about their moves/decisions. I want us all to have that weight.

I hope Obama wins. And after him, I hope someone else wins who’s so new to the scene that they too have not been around long enough to owe something to a special interest. They would have to worry about what THE PEOPLE think of his or her decisions as President.

And not let these bastards get away with gouging us at the pump and laying people off because their investors like it when they cut costs and move jobs overseas so the profits can go up so more rich people either here or in Saudi Arabia, Japan or China can buy the stock at a higher cost.

Hopefully, there are enough people out there thinking this way and not the same number of fools who actually voted for GHWB not once, but twice.

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