Another battle in the GOP war against teachers?
Filed under Economics, Jobs, Playing Politics, Political Reform, Public Education, Republicans
Amazing how we can give huge tax cuts to the rich and cut education funding. One day the corporatists will see what they’ve done…and then blame it on the peasants.
They blame the peasants now. What I am waiting for is when these corporatists wake up and realize there is no more middle class – so there is no more taxpayer money chest to steal from…..
Whatever will the Frankenstein monster do next? The poor do not pay taxes and the rich refuse to pay taxes. And I know the churhes will not be volunteering to pay taxes.
No workers with living wage jobs means no taxes coming in ….
Nobody buying their products, either. Not in this country. ‘Cuase the rich aren’t going to buy crap made in wherever.
What goes around…
doesn’t matter, wicked, so long as there is an expanding market for their goods, multinationals (and the shareholders thereof) don’t care where these markets are. But for the taxes comment, I believe this applies to indy’s post as well.
BTW, wicked, not all foreign products are unappealing to the “rich”. Think Mercedes-Benz, Gucci, House of Dior, et al.
Funny, 6176, but Mercedes-Benz popped into my mind as I was typing that, so I really am aware of reality. But what a great apocalyptic story it could make with just a little twisting…
And there’s no guarantee that people in other countries could out-rich them of that others might make superior products at a reduced price.
Having fun with what-ifs today. 🙂
What I have heard – that was rather startling to me – was that if any of the global markets fail – then the entire house of cards come crashing down.
China wants us to continue our current trade and deficit path with them – because if we fail – then they fail.
And the Saudis are all too eager to give us the cheaper oil because their economy also depends on our money. I read somewhere about the Dubai rapid expansion of building those exorbitant commercial buildings has put Dubain on some rather shifting sand. Seems the occupancy rate is only at 16% – so that is unsustainable.
If we pulled out of the oil buying business – Saudi Arabia would be hurting.
They have overextended themselves. China has manipulated their money to make themselves better off and the Chinese workers are getting restless and starting to revolt. Things are not as rosy on that side of the world either – if the US was to suddenly take our business elsewhere.
Like it or not – the entire globe is connected and when one dominoe falls – we all start falling.
That’s the reason that the world economy didn’t really go “bad”, indy; at least IMHO. Things have become so interrelated that no one country can afford to turn its back on any other. That can be good or bad (duh-call me Mr. Obvious).
The question remains, though; just what can be done? The U.S. continues hungrily sucking the oil teat, but now we have other piglets muscling in for their share, and the sow is becoming restless. Meanwhile, the U.S., being heavily indebted to the Chinese, must be careful in its foreign policy, among other things, so the Chinese don’t get upset. (BTW, I think this factor underlies decisions made on bailouts by both the former and current administrations.)
So; is the need to keep the current economy in Saudi Arabia in “good shape”, thereby allowing the House of Saud to retain power, contrary to the best interests of the U.S. in developing alternative energy resources? Makes the old head hurt much, so for today, I’ll blissfully ignore this all to real conundrum while concentrating on completing my NCAA tournament bracket. I’ve no control over either (the tournament or foreign relations issues), but at least I can control what is put in the blanks on the bracket. All in all, probably all I can expect.
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