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Posts Tagged ‘Economy’

November 27th, 2018 - 11:26 am § in Donald Trump, Hypocrisy

Is Trump Destroying Detroit?

As GM drops the Volt, Trump’s damage to GM is part of a bigger and sadder picture. The two remaining major American car companies .. Ford and FM .. are either getting out of the small car and EV world or exporting those activities to Asia and Europe. Even John Deere and Trump’s beloved H[...]

November 27th, 2018 - 9:35 am § in Donald Trump

MAGA: GM’S VOLT GETS TRUMPED

General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers. US President Donald Trump went mad, [...]

November 11th, 2018 - 11:16 am § in Donald Trump

Trump’s worker bonuses go pffft.

Remember the worker bonuses Trump bragged about after signing his deficit-financed tax giveaways to billionaires and corporations? “Large companies actually cut back on bonuses in 2018 and plan to do so even more next year, according to new data from Aon, an insurance broker. (It surveyed 1,000 bu[...]

October 13th, 2018 - 1:07 am § in Misc.

Castro on Education Versus Consumer Goods

Fidel Castro: My Life: A Spoken Autobiography Quotes shared via Kindle: “Well, I’d tell them that the consumer society is one of the most frightening, terrifying inventions of developed capitalism today in this phase of neoliberal globalization. It is disastrous, just awful, because I try to[...]

September 26th, 2018 - 11:06 pm § in Politics

Do unions help workers get higher wages?

It’s practically an article of faith that union jobs pay better. Do they? This graph (from Nate Silver’s “538” blog, based on BLS data) indicates they do. (Note: Public sector wages average more because of higher educational requirements and steady work schedules; most govern[...]

September 18th, 2018 - 12:43 pm § in Hypocrisy

Trumpism and the GOP

The GOP ain’t no more concerned with money. Just print more and more …  [...]

August 14th, 2018 - 11:36 am § in Misc.

Labor’s shrinking share of GDP, 1947-2016

The U.S. economy has grown over the last half-century, but most of the gains have gone to the top 10%, and inflation-adjusted wages have been stagnant since 1970. Back then, labor got about 60%, and capital 40%, of what the economy produced. Today, those figures are reversed. This trend has gone han[...]

August 7th, 2018 - 9:52 pm § in Politics, Repugnants

Missouri voters annihilate GOP’s “right to work” law

Missouri voters overwhelmingly passed a referendum overturning a Republican-passed “right to work” law Tuesday, by more than a 2-to-1 margin. It was a major victory for labor. “Right to work” laws, which exist in 27 states, are anti-union measures that keep wages low. Read st[...]

July 11th, 2018 - 6:18 pm § in America

Inflation

What costs more, what costs less   (Click here for source, and here for interpretation assistance)[...]

June 21st, 2018 - 1:09 am § in Donald Trump, Jefferson, Repugnants

Trump Lost Our Battle For the 21st Century

Elections have consequences.   The Trumpies shine with pride when there President wave a flag or celebrates their nation;s great white heritage.  Meanwhile, we are losing, or have lost the battle for the 21st century, the battle for a 21st century of democracy in the traditions of Thomas Jefferso[...]