Saturday Open Thread: Black Tuesday Edition

Now that Obumblers Bubble prematurely burst (Green jobs), and the US's credit has been downgraded, we may be in the makings of a depression. Our best friends, the Chinese are bound to run out of money to loan, and even so we're over the edge of ever being able to pay more than the interest- we're in deep dodo.

We need to get the goverment to run on fumes, and get non-union manufacturing back to the states. We have little of value to sell to other countries anymore. Our mineral resources are politically tied, and our ability to provide goods and services is dying with the tradesman. Our educational system is not bringing out new intellectual or skilled labor to replace them. But it's the only way our country can bring back the revenue that we so graciously gave to other countrys.

Yeah the Government repealed Glass Steagal which was created following the depression in order to prevent financial meltdowns of that type happening again. Since it's repeal we have had two economic busts in under a decade.

The problem is not a matter of either/or though since it's the axis of the government and big business working together that hurts the market.

I dont see manufacturing coming back here, union or no-union although the former would be a better incentive than the latter, because third world and Chinese labor allows companies profits that they would never be able to replicate with any kind of an American workforce even if you were paying them minimum wage. For instance, and I have this on good authority, Nike's markup before it ousourced was near 100% on it's shoes but with a labor force based in Vietnam and Malaysia it's 400% and not to mention Nike was able to trim it's workforce since factory workers overseas are not direct employees but rather work for the contractor who owns the factory. They also dont have to deal with unions, health benefits, labor regulations, safety, etc.

I've even got to concede that green energy was a scam. Anyone with a brain in their head knows that there is currently no energy resource on the planet that has as much bang for the buck as petroleum. Green jobs and environmentalism in general is just a way to slow down the economy which runs because of oil. In the end we have no choice but to drill everywhere that we can. With the oil that's available there's no reason to even waste time with tar sands and shale and all the rest of it.

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