Tuesday, September 16, 2008
Wall Street Question
Put your thinking cap on. There is going to be a strange question in a minute.
I want you to think about the accepted “wisdom” in America in regards to business and employment. The role of government as it relates to business. All of the jobs that we have lost overseas. Think about our friends at Wal-Mart. Trickle down economics. Government isn’t the solution -- it’s the problem. Business good -- government bad. And especially how those nasty unions and their greed drove all our good paying jobs -- auto manufacturing and steel -- overseas. Then I want you to ask yourself a question.
How many unions are there on Wall Street ?
Lehman Will File for Bankruptcy; Merrill to Be Sold
”But even as the fates of Lehman and Merrill hung in the balance, another crisis loomed as the insurance giant American International Group appeared to teeter. Staggered by losses stemming from the credit crisis, A.I.G. sought a $40 billion lifeline from the Federal Reserve, without which the company may have only days to survive.”
How many union workers do you think Lehman Brothers, Merrill Lynch and A.I.G have between them ? Any ?
Let me toss in something else while I’m here. Do you think it was red tape that caused their downfall ? Too much government regulation ? Sorry. I am sort of rubbing it in aren’t I ?
Here are a few words from Senator McCain.
“We must streamline our workforce, demand high standards of behavior, promote excellence at every level based on merit and accountability, and not let good workers be crippled by the fine print of the latest union contract…. “
I tried my best to provide that quote in context. But curiously, the speech where he said it has disappeared. The link from his web page below is blank.
Senator McCain Addresses The Oklahoma State Legislature on Government Reform
I got the link from Senator McCain’s web site here. You can see the link for yourself in the column on the left side of the page.
Have you had enough of the excuses and the lies ? Are you ready for a change ?
”It’s time we had a president who will stand up for working men and women by building an economy that rewards not just wealth, but work and the workers who create it. "
”That is the choice in this election. We can choose to remain on the path that has abandoned workers and gotten our economy in so much trouble, or we can reclaim the idea that in America, opportunity is open to anyone who’s willing to work for it. “
Senator Barack Obama
Labor Day Weekend
September 16, 2008