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2008-11-14 — blogspot.com
There seems to be a bias to do whatever it takes to support big bonus and dividend paying financial companies, even one as diverse as GE, but to continue to let the manufacturing sector and blue collar jobs go to hell in a handbasket for the sake of global competitiveness and lower wages.
Yesterday the talking heads on Bloomberg and CNBC were ripping US manufacturing for its bad management practices, and blue collar workers for their extravagant wages, while praising the use of public money to generously subsidize the financial sector that caused this mess.
Twisted, huh? And growing wages are responsible for inflation, in case you're wondering who's at fault there! Yes, that's right, it's you! Not the government, the Fed, or Wall Street bankers!
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