SORRY, I SAY BUY AMERICAN
There is already talk that all the infrastructure projects will benefit outsiders and not Americans. As the government hands out contracts, most construction jobs, experts on the economy are already claiming will go to illegals happy to earn less than minimum wage. All this while corporations will profit handsomely. President Obama’s gutless and totally acquiescing [...]
SINGAPORE AND THE PHILIPPINES ARE CASHING IN ON SHIPPING
With international trade now in double digit percentage decline, as ships unload their last cargoes they head back to Asia in ballast to await their fate. And Singapore and the Philippines are welcoming them with open arms because it is a lucrative business. Already over a thousand large container ships are anchored in their ports. [...]
CHINA AT LAST ADMITS EXPORTS HAVE COLLAPSED
I don’t know what it is, but the media’s love affair with everything China just keeps growing. Take their stimulus plan for example. They announced a miserable $500 billion package (most of which was already ear marked and spent on existing projects) for their 1.2 billion people and we are being told its effects have [...]
SADLY NO SIGNS OF LIGHT AT THE END OF THE TUNNEL
Once upon a time it was public sentiment talking up or down on the economy that could affect the mood of the country. However this time Bush/Cheney truly wanted to leave us with their magnificent legacy and unfortunately the next two generations will be heavily paying the price for their good work. Thank goodness we [...]
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