This "Economic Crisis" has happened previously in 1903, 1864, 1840, 1808, etc. The laws to regulate such practices were put in place, only to later be removed again by politicians to promote economic growth. Amazing how growth leads to depression. Too bad the economy can't take Paxil.
The "Credit Score" of a country is determined by potential production of surplus, and is paid off through taxation. This means that the people of the United States could potentially freeze the availability of Credit to the United States by not paying taxes. If the Credit of the United States, (which bankers, Executive Staff, and the Stock Market all rely on to fund their extravagant lifestyles) rely primarily on the lower and middle classes in order to obtain credit themselves, then why is it that the American Citizens have to pay off the debt of the country whose deficit exists in order to create companies to increase the number of jobs, so that more people can afford to be taxed and participate in a voluntary form of slavery through Banking Theft.
In actuality, the $5 Trillion of debt owed by the United States is based on the $300 Million people that live here. Each person being worth nearly $16,666.67 of credit that has already been extended to the Government, and it increases by at least $1,000 per person each year based on 6% Interest.
So, General Motors, Chrysler, Microsoft, AT&T, Haliburton, etc.. All owe their existance to the people in the United States. If I recall correctly, banks borrow money from the Federal Reserve with Interest. Public companies have shareholders invest their money in order to pay for operating expenses of that business. Now, it would seem to me that if a corporation sells stock to create capital, and the executives of that corporation receive stock options or grants in excess of an already excessive salary, they are really just borrowing money, and embezzling the profits made. Shouldn't those profits go to shareholders? Why isn't Job Stability a sufficient incentive to executive officers who often make between $200,000 and $1,000,000 a year annually? I would think that a person making a salary like that would do everything in their power to ensure the value of their employment has high returns for people who have invested.
There's a fee that is paid to banks to borrow money on the credit of the bank, who pays a fee to the Federal Reserve to borrow money on the Credit of the United States. Why...
Guest worker programs are just another word for human rights abuses—a perfect example of what happens when labor is not represented.
Globalization has one HUGE problem: Labor is not represented. We have nations and we have corporations; but we have no one speaking for the workers.Workers are left to accept the handouts offered to them by nations and corporations. If anyone needs a lesson in regard to how well even our government represents its workers, you only need to look at the profit margins of corporations like Exxon and compare them to the current minimum wage of $5.85 an hour. Congress gave the first pay raise to workers by our government in 10 years But this $7.25 rate will not be in effect until July of 2009.
Here are a few of my posts over the past few months on the topics of globalization and its effect on workers of this country and of the world.Justice for two Guest workers
http://www.democrats.org/page/community/post/elizabethberry/CRNx
Immigrants issues are but one of the many results of unchecked globalization
http://www.democrats.org/page/community/post/elizabethberry/CNlh
Globalization is sold on the basis that “development” reduces poverty, but this is not always true.
http://www.democrats.org/page/community/post/elizabethberry/CxDY
Slave Labor and Guest Worker Programs—disgusted with Bush and disgusted with Congress.
http://www.democrats.org/page/community/post/elizabethberry/CxD8
That right there should be more than enough to say "Hell no" to McCain.
The guest worker programs have been the source of the greatest human and civil rights abuses that have been committed by corporate America over these past 8 years.
Guest worker programs have become synonomous with slavery. One example of "guest worker" (doesn't this newspeak sound so civil and nice?) was what Halliburton did in Iraq. Instead of hiring people in Iraq who needed the work, a country who was providing Halliburton with the opporunity for enormous profits, what did they do? They were so damn greedy that they brought in slave laborers from Bangledesh to do the work for pennies instead. In addition, there were lawsuits brought against Halliburton for the way these workers were mistreated.
But we don't have to go all the way to Iraq. We can find example after example of the horrible mistreatement of "guest workers" right here in the USA. In May a group of workers brought over here from India to work on cleaning up after Katrina were staging a hunger strike for their treatment.
"Guest worker" is more often than not a euphemism for "corporate slave".
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"GUEST WORKER" SCHEMES--UNHOLY PARTNERSHIP CORPORATE AMERICA AND CONGRESS
Anti-union companies like Signal are using the so-called guest worker program both to exploit and virtually enslave foreign workers while locking out American workers.
According to several news papers and a report from Damien, one of our DNC bloggers, twenty-four Indian Guest workers launched a hunger strike outside the White House May 14 protesting slave-like conditions they endured working at the Signal International shipyards in Pascagoula, Mississippi.The workers each paid $20,000 to a recruiting agency for work in the U.S., often selling thier homes in India and taking out loans on the promise of substantial returns from the "American Dream". What they got instead was a nightmare.
The workers were crammed into a trailer and locked in at night, released only for work and for sporadic trips to Wal-Mart (ironic) for necessities. They were each charged $1,050 for these living arrangements.
They are on hunger strike to put pressure on Signal to end its involvement in labor trafficking and to protest efforts to deport them.
D.C. Jobs with Justice, the Southern Poverty law Center and the AFL-CIO are all helping this struggle with petitions, legal advice and solidarity actions.
Call Signal International and tell them what you think of their labor trafficking:
228-762-0010
282-899-2121
Dick Marler is the Chairman of the Board, CEO and President
Throughout college and entry into the business world came greater challenges. Often the well spoken, intelegent , talented person on this end of the telephone was a shock to the system when he appeared in the flesh. I saw more smiling faces than a comedian while constantly being denied opportunities. Talent and excellence became my salvation. As a producer and songwriter I was a faceless entity. I have been told a thousand time, "Wow I thought Patrick Adams was a white guy.
I have found that in America, my brothers and sisters and I have all been infected with the virus of prejudice. It may lay dormant deep in the back of the mind but it is there. In the ghettos of America there is still that silent doubt about black professionals. "I want a white doctor, lawyer or accountant." Heaven help us if we get on a jet plane and the pilot is black.
Now that a great part of the mainstream population has had a few years of intergrated schools and working environment, it seems that the mindset of the ghetto is lagging behind. Blacks are not escaping the bonds of past generations. Many seem to fear taking those first steps into the larger universe. There is strength and comfort in sticking together. Like Pavlov's dogs my brothers and sisters fail to escape the conditioning of the Slavemasters. Already there are those in the business community that say illegal aliens can fill the jobs that "blacks" refuse to do.
Blacks from the Caribbean and Africa come to America with a totally different mind set. Many of the successful business and political leaders are the children of these bloodlines. Over time if we downplay the NBA and America Idol (which young people already know are unrealistic dreams not worthy or their efforts), then the black youth of America might begin to see where they can fit into the tapestry and aspire to join in. Otherwise in a few more generations we will be confronted with a self fullfilling prophesy - a lazy, uneducated, criminally minded black underclass.
Barack is black enough for America. Maybe Blacks are not American enough for Barack!
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