There is nothing truly complex about what Wall Street has done. This kind of “complex” financial creativity stems back a long time. Most recently, for modern effect, we go back to the 80′s when the Bush family once again pilfered large sums of money out of the American people with the savings and loan debacle.

To say that Reagan ended communism…is laughable. Perhaps we should ask Anonz about the Gorbachev situation, the Russian mafia, and Putin. The Russians were going bankrupt and needed to “open” their tills to something other than the closed off ruble. They needed to open their lines of oil exports, as they were trying to privatize the industry. This went on to create one of the worlds richest men, who the Russian government is now trying to stifle due to his global power, by nationalizing the industry once again. This is why Reagan wanted Gorbachev to “tear down the wall”. The Unites States needed to be able to trade oil more cost advantageous. It was just good politics to be able to do that with the Russians. Then, Russia’s Gorby became a bit more powerful and respected than the elite whites had predicted would transpire so they paid to have him step down so they could put in a more hard liner in power…Putin. The same kind of strategy goes with Argentina and some other parts of Mexico.

As far as privatizing everything, through the deregulation of the phone companies, the gas companies, and the financial industry show that this kind of action does NOT work. There needs to be oversight and regulation as greed is much too powerful an emotion for most humans to control.

The idea that Reagan and Bush created a smaller government is laughable as well. Simply stating this fact is not a fact made. Since the government is the largest employer in America, and creates jobs for people with benefits, Obama with his infrastructure ideas is on the right track for this country.

Wall Street creates nothing! “Greed, for lack of a better word, is good” said Gordon Gecko. Greed can be good as it drives people to work and drive innovation. But, innovation must create jobs not simply Wall Streeters moving money from one hand to the next. What America is beginning to understand is that Wall Street literally creates nothing. What is done on Wall Street, with today’s technological capabilities, can be done without Wall Street and they, along with Washington is hoping that people DON’T realize this. Between Schwab, ETrade, and other low cost online trading desks we have found the need for “Wall Street” to be minimized to the enth degree…

If it doesn’t create a product that is tangible and consumable and necessary does the American people or world need it any more. Wall Streeters say yes…Construction, manufacturing, service industries are what makes the world turn. Not Wall Street.

You can ask China about that. They create most of the products in this world. Americans will frown on the lead in their dolls or toys, but they will still pay the WalMart dollar. The Chinese economy is still strong, albeit, a bit slower now that the American’s have slowed in buying products. But their economy is still in a growth mode of 4-6%. America is…NOT…

India, another strong economy, because they kept more than 50% of their GDP inside their own populace to trade within. They have not felt much of the global economic impact due to their own internal trading process within their own country.

Americans are far down the ladder in global education and manufacturing but high in the consumption. The savings of the American people is at a negative, and Bush was the man who told us, immediately after the towers fell to go out and shop. This created nothing.

What Wall Street and the elitists don’t want the American public to begin to understand and fathom is that our current process of capitalism is not working. Things must change. Capitalism is still the best means of trade yet invented, but the education of the people on how that system actually works for the benefit of ALL people, and not simply the top 1% is what the elitist do not want the American public to begin to understand. They do not want to create a more socialized capitalistic economy for the betterment of all people because…”greed, for lack of a better word, is good”…

Former Subic base workers get priority in Guam jobs
By Bebot Sison Jr. Updated March 27, 2009 12:00 AM

OLONGAPO CITY, Philippines – For mer US naval base workers in Subic Bay will get the first opportunities to land jobs in the island of Guam where the US Navy is now transferring facilities from its base in Okinawa, Japan.

Olongapo Mayor James “Bong” Gordon Jr. said in a statement yesterday that employees of the former Subic Naval Base, who mostly come from this city, would have the edge over applicants from other areas because of their skills and experience in working for the US military.

“This is a good opportunity for Filipinos who used to work in the Subic Naval Base, once the largest American military facility outside of continental United States,” Gordon said.

He proudly recalled that US naval authorities used to heap praises at Filipino workers in Subic for being “honest, highly skilled and industrious.”

“This would now give them the edge, I hope,” Gordon said.

According to Mike Pusing, Gordon’s senior executive assistant for public relations, the city government is now preparing a database of former Subic base workers to be provided to the Philippine Overseas Employment Administration.

The POEA estimated that some 15,000 to 20,000 jobs would be available in Guam for mostly construction jobs like carpenters, masons, electricians, heavy equipment operators, pipefitters, painters and welders.

Gordon said most of the manpower requirements will come from Olongapo where thousands lost their jobs when the American military withdrew from the Subic Naval Base in 1992.

Residents of Oakland and San Francisco will soon benefit from federal funds for “green” job training programs. One of the keys to fostering growth in the green sector is developing a well-trained, specialized workforce. These programs intend to train young people and re-entry workers in the emerging fields of solar installation, wind manufacturing and power generation, electric vehicle construction, and others that will foster a green economy.

The City of Oakland’s Green Jobs Initiative will receive $285,000, which the City intends to apply toward already existing programs like the Oakland Green Jobs Corps. The Green Job Corps is a collaboration among the City, community-based organizations, unions, and private companies. Together, they aim to teach job skills to high school and community college students, in addition to adults that are new to the job market. By increasing employment opportunities in the “green” sector, Oakland residents will be able to earn living wages and pursue careers in the burgeoning green economy.

The San Francisco Department of Economic and Workforce Development’s Green Jobs Workforce Program will receive $238,000 to help implement the Green Jobs Workforce Development Training Pilot Program. This program will include a construction academy focusing on green building techniques and applications, as well as an entry-level solar installation certification program. It hopes to prepare residents to meet a specialized labor demand resulting from the city’s wide-ranging environmental programs.

I fully support both of these programs to train people for new jobs the emerging green economy. These programs both give people new skills to better ensure their obtaining good-paying and reliable jobs while encouraging the growth of green economies because of a skilled workforce.

I am pleased that Oakland and San Francisco sought these federal funds and am pleased that they will be put to work so that more people can find good jobs.

Sincerely,

Barbara Boxer
United States Senator

Poll: Guam residents say expansion will add jobs.

I tried to include the whole article but it wouldn’t post.

Hafa adai

Anna

I wonder how much he was paid. Who sponsors his radio show?

Can any of his viewers define a CDS or Derivative?

Lou Dobbs promotes the statistic 1 of 4 American possess a passport. I wonder, can any of his viewers define the word Global yet alone Global Economy? What a joke.

It is a fact; the USA cannot even make it within the top 25 countries in the world for education.

Ignorance is Bliss!