Thom's blog - Wednesday November 24th, 2010

Thom's blog - Wednesday November 24th, 2010

You need to know this about economics. Between July and September this year – American businesses posted the largest profits ever – nearly 1.7 trillion dollars! Never have US companies been so profitable in the history of this country. In fact – this this is part of a steady trend that started when worker salaries began to flatten out with Reaganomics. Most recently, corporations have seen their profits steadily increase every quarter since 2009 – and then they went through the roof the last few months. Yet what have we seen in the labor market? Nothing. In fact – as businesses started making profits again last year – job losses continued. And now – even as we are seeing record-breaking CEO and stockholder profits – job growth is anemic. Why is that? Reagan told us that hiring would start when companies and their rich stockholders and CEOs started making profits again, and they used those profits to hire employees. That’s how trickle-down economics says a labor market recovers from a recession. But Reaganomics - which we're still following after thirty failed years - is a crock. What makes economies recover is when workers have money in their pockets to buy things. Combine that with trade policies that keep manufacturing here in the US, and you have an economy. People buy things, that creates demand for products, which makes factories hire, which gives workers more paychecks. But after 30 years of Reagan/Clinton/Tom Friedman trade policy insanity, that chain has been broken and the factories - and thus the jobs - are now in China. 2 years ago – we all bailed out CEOs with taxpayer money – saving their butts – now those same CEO’s are taking that money and running to China and India to build more factories. Oh – and they want a tax cut too. When are we going to realize our nation's relationship with corporate CEOs in no longer mutually beneficial? - Now it's simply parasitic.

Comments

el10john's picture
el10john 3 years 40 weeks ago
#1

Thom, Thom, Thom: Wrong again. The TSA is not violating our 4th admendment rights. Let's review: the constitution is to protect the people, all of the people, from the government's taking the actions outlined in any single amendment against the people en masse.

These violations affect the people, all the people, without distinction. You need only be breathing for this to affect you.

The TSA, on the other hand, is working with people who choose to fly from certain airports. They are perfectly aware that they will be checked at the airport when they buy the ticket. In order to avoid this, they can merely not fly. That is it. They are not compelled to fly. There is no mention of a "right to fly without going through security" in the constitution.

Also, there are only about 70 airports that have these body scan and pat downs. Pat downs have been at airports for awhile and wands have too. But if they need the extra layer of security, then the passenger chooses which of the body scan or pat down you want. You are not compelled one way or the other.

When they do do the pat down, it is with the back of their hand, not the front, in sensitive areas.

Finally, trying listening to Bill Press. He gets the pat down every single time due to a health implant. He actually is required to do so, however, he doesn't have a problem with it. It's too quick for him to. If anyone could justify being put out, it would be he.

This isn't any more true than your saying that WWII was fought over religious freedom as I heard you say.

You may be writing a lot of books, but try reading some history or contract law books.

Kim

PS: Not everyone can call in to your show. Some areas do not get the show live. Some people actually have to work during those hours.

The GOP war on workers has killed again...

It’s time to stop the conservative's war on working people in America.

Since the birth of our nation, conservatives have always been wary of average working-class Americans having too much political or economic power. John Adams, the second President of the United States and a Federalist (precursor to today’s Republicans), was very wary of the working class, which he referred to as “the rabble.”

From Unequal Protection, 2nd Edition:
"Hartmann combines a remarkable piece of historical research with a brilliant literary style to tell the grand story of corporate corruption and its consequences for society with the force and readability of a great novel."
David C. Korten, author of When Corporations Rule the World and Agenda for A New Economy
From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
Eric Utne, Founder, Utne magazine
From Screwed:
"Hartmann speaks with the straight talking clarity and brilliance of a modern day Tom Paine as he exposes the intentional and systematic destruction of America’s middle class by an alliance of political con artists and outlines a program to restore it. This is Hartmann at his best. Essential reading for those interested in restoring the institution that made America the envy of the world."
David C. Korten, author of The Great Turning and When Corporations Rule the World