Tuesday, June 07, 2005

Something That SHOULD Get Bush Out of Bed

GM is slashing 25,000 jobs. For those of us who are not tied to industrial jobs, we can afford to say, "Oh, that's too bad," and not loose much sleep.

But take the 35 year old auto worker. He went to high school and graduated. He then got a job at GM. Just like his father. He can put a windshield on a car is less time than it takes to clip a single fingernail. He can wield a hinge to a T-frame while holding an I-beam, and that hinge will work. He's probably better at his job than you are at yours.

If recent statistics are correct, then he has exactly NO savings. He has about 40,000 in equity from his house, and 2.3 children. Next step: dollar depreciates. If that, then the housing market will decline.

Is Bush getting on a plane for him? Is Bush getting up at 1 AM? No?

Why? What does he have that's better? Oh, yeah. Tax cuts. And more tax cuts. Bush seems to buy the entire idea that rish people who are more rich don't just buy static things like boats, houses, airplanes with their riches - they advance the economy by being more productive, by being more innovative, by taking more risks, and then enrich us all.

Except that seems to be a whole lot of bullshit. As the excellent article shows in anecdotes, a type of data, the rich from old money are just staying in their excellent houses on the Cape, while the new money build theirs to custom specs. Perhaps they could use an ex-autoworker.

I don't think this is so far from the truth. A huge proportion of the Bush tax cuts went into home improvements, new homes, new boats, and upgrades from a GIV to GV. And if you don't know what that means, so much the better.

One of Bush's great evils is his blind eye. Do you think 25,000 got his attention?

Does anyone else smell the impending doom? Does Australia need doctors? At least England's fall from empire was gentle. I hope ours is as well.


Anonymous Anonymous said...

Do you mean G4 to G5?

12:42 PM  
Blogger Doc NOS said...

No, I mean G IV.

5:41 PM  
Blogger marybishop said...

I don't know the G references...but I do know that America makes, builds, fewer and fewer things...

Once we were the heart of manufacturing and now we're the sweaty arm pit.

Prices of steel are astronomical and bid quotations of steel are always accompanied by the clause: price at time of purchase...

25,000 people mean squat to the bushman as they probably voted for him and would do it again...

People have to wake up and realize what their vote is doing to this country...they're voting themselves into poverty.

4:41 AM  
Blogger laurenbove said...

Once again the good doctor posts that which I could not have verbalized any better. Thank you for putting voice to the terrors of my heart.

We don't make anything in the US but war.
The job growth rate is in the negative.
The only folks getting richer are the UBER rich. (The bill gates type)

Let's get a big blue boat/taxi ready and immigrate to Australia, put a shrimp on the barbie and have a giant can of Fosters and fuck it all.

MB: The homophobic/xenophobic/bible thumping fear of the red states is putting us all in the danger of our lives and they don't see it? What will it freaking take? They lose their farms, houses and what ever the heck else they do for a living?

I don't think we can wait another four years for a presidential knight in shining armor. We have to act.

GM has a lot of other revenue generating options if they need to start making the cars that people will want to buy. They can R and D based on current vehicle sales. Something must be very very wrong if they need to get rid of workers and plants to generate this income. Like many other industries...the higher ups will never lose their profits they'll cut the few workers they have left and extract blood out of the frightened rabbit souls they have left too damn glad to have a job to say anything other than: Thank you sir, may I have another.

What scares the shit out of me is how damn well the CEO's are doing in this economic war zone. Isn't it kind of fishy when the generals are all thriving while the privates are being picked off like tin cans on a rotted fence in Arkansas?

God Dammit!

7:44 AM  
Blogger marybishop said...

Damn - I wrote it wrong...what I meant is steel prices are quoted as price at time of delivery - not purchase...so you have no idea how much more it's going to cost you...

LB We don't make anything in the US but war. You're so right...

8:07 AM  
Blogger Doc NOS said...

And movies. If the movie busniss were to be looked at like an export business (it is), then the movie industry is our second largest export. We also make grain.

G IV: Gulfstream IV. It's a private jet. I think. I don't actually know if there is a G V.

8:28 AM  
Blogger laurenbove said...

Grain is good. (said hopefully)

10:51 AM  
Blogger marybishop said...

Husband was telling me that corn and grain are too expensive to feed animals now, so they are growing soy beans that they break down with hydrochloric acid for animal feed...sounds great doesn't it?

1:34 PM  
Blogger Doc NOS said...

There is a great article on a tangent by Krugman this afternoon. Here is the link:


9:37 PM  
Blogger Doc NOS said...

I'll try that again, it didn't all go through:


As one continuous line.

9:38 PM  
Blogger marybishop said...

The politics of greed, indeed. Great article.

I still don't understand why the very people that should vote against the Republican Rich Man's agenda are supporting it...

Is it ever going to strike home to Everyman that if we continue as we are we will have kings and slaves and nothing in between?

4:31 AM  

Post a Comment

<< Home