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Trickle-down economics is "wrong" according to the IMF

#86

Quote:I can agree that labor costs have been stagnant, but part of the problem is that there isn't really a lower demand for jobs in America, it's that the jobs are not being filled by Americans.  Here is a very good example of what I am talking about.  Regarding this news story, I am actually (gasp) on the side of the unions.  $300 million dollars in federal stimulus money goes to firms that are partnered and/or owned by foreign companies, in this case Korea.  They brought in Korean workers to fill the jobs.  They purchased mainly Korean supplies and equipment.  Again, this was stimulus money that was supposed to create thousands of jobs as part of the "green energy" initiative of the current administration.

 

Oddly enough, this story was never broadcast on CBS other than their website.  It was also never picked up by any of the "main stream" media.  I wonder why that is?
 

This is the type of thing that grinds my gears.  And it's exactly what bother's me most about our corporatist politics.  Something bothers me about this Korean car manufacturing story...  Was there some sort of a bid for the stimulus money?  Was Tesla's bid too high, so they gave it to the Korean company?  

 

This brings up another question:  Where you for the bank bailouts?  What about the Auto-Industry bail out?  

 

I personally was not for the bank bailouts.  But I thought the Auto Bail out was a good idea, and seems to have worked.  I'm still not sure why we haven't had a huge stimulus package to fix our deteriorating bridges and create a better internet infrastructure.  It seems there are alot of ways to build a better America, if we were willing to invest in American things instead of wasting money on foreign trade and foreign countries.

 

As for why it was never broadcast...  One can only imagine.  But I have my guesses.  I'm sure you know what they are.   :thumbsup:

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Trickle-down economics is "wrong" according to the IMF - by The_Anchorman - 06-30-2015, 06:57 AM



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