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The economy is NOT the stock market, it is NOT hedge funds, it is NOT private equity funds.
The REAL economy is DEMAND driven and is dependent on JOBS. The economy does not collapse because stock prices drop. The boom and bust in the stock market occurs because that is required for a Ponzi scheme to work.
With so many people losing their jobs, the REAL economy is going to tank anyway IN SPITE of the so-called "bailout" money being thrown down the rathole by the government. All of the supposed experts are full of manure.
Put people to work and set up trade barriers to cheap imports so that what Americans buy will be "Made in America" again. The economy is in trouble because just about everything we buy is imported, which means this country goes into debt to foreigners just to obtain the necessities of life. No economy is sustainable that is based on the trade model currently promoted by the corporations. Every argument promoted by corporations and their economist lackeys for what they call the grossly MISNAMED "free trade" is plain FALSE.
Moreover, EFCA won't help one bit if the corporations can merely ship those jobs overseas.
Labor better wise up to the fact that they are fighting the wrong battle if all they demand is the right to join a union. As soon as you get your union, your job can (and will) be shipped overseas. An unemployed union member is no better off than an employed worker who is not a union member.
The 2.9 Trillion to 8.1 trillion bucks that has been handed over to Wall Street could have just as easily gone into the formation of a new Central bank that loaned directly to the people.
As it is, this Toxic Asset Buyout Plan (IPPwhatever) will be another form of insider trading with the inevitable tale of ruin. Meanwhile our wages are devalued.
Learn a lesson from what happened back in the nineties when Clinton offered the Mexican Bankers their BailOut. Wages in that country collapsed - 87 cents down to 47 cents in just about fifteen months. Remember,t he laws of economics do not operate differently from one side of the border to the other.
But then, maybe some here can afford to have wages collapse.
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