Category Archives: The Economy

WWSWD – What Would Sam Walton Do?

The Supreme Court is due to hear this Wal-Mart sex bias lawsuit.  Any ideas on how the Court will decide. 

http://www.msnbc.msn.com/id/42250811/ns/business-careers/

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Filed under Diversity, Economics, Income Inequality, Jobs, The Economy, U. S. Supreme Court

Oil prices effect everything

As we well remember when oil prices spike we pay more for everything!  We pay more to heat our homes, operate our vehicles, and anything we bought that was trucked in to the store — pretty much covers everything.

Can someone explain why the prices for everything increase so quickly?

16 Comments

Filed under Economics, Political Reform, The Economy, World Politics

A mere 70 years ago

I am reminded to be grateful for what I do have.

And hopefully we won’t end up like this again…..

The photos below were taken 1935 – 1939

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Filed under History, Income Inequality, Infrastructure, memories, The Economy

To the Stars Through Difficulties!

Wichita calls itself the “Air Capital of the World.” That was certainly true during and after the Second World War, but increasingly, Wichita is in danger of becoming the Detroit of the Aircraft Industry.

Recently, after taking a hard line with the Union, Cessna management announced a layoff of 700 employees days after they approved a new contract, through a technicality. Hawker-Beech is going to layoff another 300, all the while working on plans to move to Louisiana. Boeing/Spirit may choose, in the end, not to even bid on the tanker contract.

Like the auto plants in SE Michigan, aircraft plants may be a distant memory in Wichita in another decade.



This past weekend, my family and I attended the Wichita Air Show, at McConnell Air Force base. While it was an exciting and enjoyable show (despite the hours-long waits for shuttle buses to and from the base) one had to wonder what is happening to the American manufacturing industry in general and aircraft manufacturing specifically.

Some will try to blame it all on the Unions, but that is hardly the reason that so many manufacturing jobs are headed south, literally and figuratively. The union man has been vilified by the Right for more than a quarter century, for his supposed greed and alleged lack of sufficient work ethics.

In Europe, the union and company work together to a mutual benefit. Japan has recovered from their “lost decade” and is working back to where they were years ago. Despite dire warnings to the contrary, American workers can still provide a productive work force for American companies.

In the end, America has become a nation that produces very little. It doesn’t have to be this way. Greedy company CEO’s and Senior Management have been focused on the wrong issues and now are blaming the workers for their failures.

The Air Show was a great spectacle, but it may be a dieing event.


William Stephenson Clark

(Blog header and thread photos by the author – yes, I will change the blog header back.)

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Filed under The Economy

Obama to GOP: ‘Drop the Blockade’

President Obama returned to the White House ready to get back to work, giving a brief speech on Monday about the U.S. economy. Obama said that his administration is planning to kick-start the economy with several quick measures: extending tax cuts for the middle-class, redoubling the government’s investment in clean energy, adding further tax cuts, and “making it easier for our small business to grow and hire.” A bill that’s been “languishing in Senate for four months,” as Obama put it, would help put these plans into motion. But the biggest obstacle, of course, remains garnering Republican party support. “I ask the Senate Republicans to drop the blockade,” he said.

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Filed under Economics, Playing Politics, The Economy

Obama: GOP Will Move Country Backward

With a victory on the financial regulation overhaul in his pocket—a “key pillar” in his recession recovery plan—President Obama said a Republican plan for the economy would move the country backward to the job-killing policies of his predecessor. “It took nearly a decade of failed economic policies to create this mess, and it will take years to fully repair the damage,” Obama said in his weekly address that aired Saturday, vowing that his policies would move the country forward. That’s expected to be one of the White House’s main messages during this fall’s midterm elections. The president admitted that the growth since the credit crisis two years ago hasn’t created enough jobs, but said the GOP would make things much worse. House Minority Leader John Boehner (R-OH) countered that the GOP would promote growth by cutting spending and taxes.

Read more here.

Or, listen to the address here.

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Filed under Jobs, President Barack Obama, The Economy

GOP answer to budget shortfall — “Who knows?”

Minority Leader Mitch McConnell (R-KY) took to CNN Sunday to bash Democrats’ “gargantuan spending spree,” the latest in a long line of Republican attacks over the deficit that began almost immediately after President Obama’s inauguration. But what, exactly, would the GOP do to reduce the substantial budget shortfall–a much of it coming from the sea of red ink President Bush bequeathed to President Obama?

The answer: Who knows?

That, of course is nothing new — talking about belt-tightening in the broad sense is always easier than throwing out specifics.  Since Sen. Jon Kyl’s clarification on Fox News earlier this month that extending unemployment benefits is fiscally dangerous but deficit-financed tax cuts to the tune of $678 billion are just gravy, Republicans have been under new pressure to clarify how exactly they intend to reduce the national debt.  Sen. Pete Sessions’ (R-TX) appeared Sunday on Meet The Press and under persistent questioning from David Gregory, he failed to offer any specific examples of what spending programs the GOP would cut.

This evasion probably won’t keep them from being elected or reelected, it hasn’t in the past.  And if they should regain the majority and are asked to present a budget they’ve painted themselves into a corner.  They’ve signed pledges to not increase taxes, they’ve endorsed an array of new tax cuts that blow a further hole in the budget.

The GOP recently rebranded itself as the holy defender of Medicare during the health care debate, putting another huge chunk of the budget out of play. Let’s assume that Defense Spending is an unlikely target as well. That pretty much leaves Social Security and a handful of popular spending programs like SCHIP on the block, which are as politically disastrous targets as they come.

Pinned down by a conservative base demanding drastic spending reductions AND tax cuts, it seems extremely unlikely a Republican House would be able to produce a workable budget that would get past the president’s desk, leading some observers — most notably Paul Krugman — to predict a government shutdown.

fnord

6 Comments

Filed under Financial Rules & Regulations, Republicans, taxes, The Economy