alt.politics.economics

On Feb 19, 3:24 pm, Jerry Kraus wrote:
> On Feb 17, 5:10 pm, Igor The Terrible
>
>
>
> wrote:
> > I was listening to CNN earlier today while calibrating my problem
> > child DMM and caught wind of GM will be hiring new
> > workers............at 1/2 their current wages. My, ain't that just
> > peachy. Hmm... I wonder if this same hiring policy includes all the
> > new hires at all levels of management as well? Better yet, will the
> > next CEO, CFO, COO, etc... take a 50% cut?
>
> > Surprised nothing was mentioned about that?
>
> > If this shit only applies to labor, the unscrupulous, greedy
> > cocksuckers can kiss my ass... I will do my part in in sending the
> > assholes to chapter 13 or better yet, chapter 7. I will never buy an
> > American vehicle again. Besides, Toyota and Nissan make damn good
> > trucks. So, who the fuck needs these goddamned chislers who have the
> > audacity to call themselves an American company when their loyalty to
> > our country is that of alley cats.
>
> > If labor is going to take a hit, so can management. Let the cuts go
> > across the board.
>
> It seems that GM is attempting to follow the economic miracles in
> China, India and Mexico where cheap labor attracts money. Anybody
> remember when new technologies were the bases for economic miracles?
> Or when economic miracles produced wealth for anyone other than
> CEO's? Anybody remember when "economic miracle" and "workers in
> extreme poverty" weren't synonyms?

so well said, and it was true from the beginnings of the assualt by
free market conservatives on the new deal. they just were clever
propagandist. they were able to talk americans and europeans into
believing that all would become wealthy thru poverty and degradation.