Stop the Madness! People Should be SHOCKED
OPS_admin | Jul 18, 2010 | Comments 0
Ernest F. Hollings:
Our only hope is for President Obama to enforce our trade laws to protect the economy and make it profitable for Corporate America to produce in the United States in the trade war.
People are shocked to learn:
1. That almost a year before the recession, in February 2007, the Princeton economist, Alan Blinder, estimated that in ten years we would be losing 30 to 40 million jobs to offshoring. That’s about 300,000 jobs a month lost to offshoring.
2. President Obama has stimulated to save or create jobs lost from the recession, but totally ignores the 300,000 jobs lost to offshoring.
3. President Bush and the Federal Reserve stimulated the economy $7.5 trillion during his eight year term, and household debt during the same time stimulated the economy another $7 trillion for a total of a $14.5 trillion stimulation. President Obama stimulated the economy his first year over $1 trillion, and we have already stimulated the economy this year $1.142 trillion (6/9/10) with four months to go. So we have borrowed and stimulated the economy over the past nine and a half years $16.6 trillion, and the private sector is only creating 41,000 new jobs a month.
Full Story: Stop the Madness! People Should be SHOCKED | Economy In Crisis.
Filed Under: Featured • Foreign Policy
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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