Ruling Classes lost their shirt in the 70's. Puppet government ever since.

[European Socialist]

Tired of stock market losses,inflation,and lack of access to cheap labor-rich people went on a stealth rampage to create Repuke and Repuke-lite. How else can you explain the last 30 years?

[paineinthearse]

1. That's true

The party of Rockefeller and Lodge went out with that psychotic Nixon. Trouble ever since.

Buchannan is the closest to the old eastern establishment today.

p.s. Just noticed where you are from. Do you want daddy Romney's little boy back?

[European Socialist]

2. NO-you are stuck with pretty boy.

[pnorman]

3. The time is about right.

That would put it during the Carter administration, when the rate of return on investments dropped to an "unacceptable level worldwide. (This is something I had heard 'authoritatively', and is presumably easily verified). In this country, trucking was deregulated, which struck a near-fatal blow at the Teamsters union. By the late Seventies, that "Historic Cooperation Between Capital and Labor" was (unilaterally) dissolved. Next came Reagan with the SMASHING of the air traffic controllers. Next came Thatcher in England, with the LOCKOUT of the Liverpool longshoremen. Next came ......

The primary target was ALWAYS the UNIONS. "Until we get real wage levels down much closer to the Brazils and Koreas, we cannot pass along productivity gains to workers wages and still be competitive"


pnorman

[pnorman]

5. "until we get real wage leveld down much closer to the Brazils ........."

I just noticed that the above quote was missing it's source. It was a REAL quote by a REAL CEO. Here it is in full:
"Until we get real wage levels down much closer to the Brazils and Koreas, we cannot pass along productivity gains to workers wages and still be competitive" (Stanley J. Mihelick, EVP Goodyear Inc. NYT, June 4, 1997)

pnorman

[applegrove]

4. Our Wealth in North America was a little bit of a bubble during the

years 1945 to 1970. We did not compete with the Soviet Block. We did not compete with old Europe or Japan (they were rebuilding and not available for competition). We did not compete with less developed nations. Since 1970 we have competed with Europe & Japan, since 1990s with Soviet Block since 1995 with all the LDs through outsourcing & the interet.

If we had not kept our boarders open we would have been like Argentina. No booms. No new middle class wealth from booms. And massive poverty even amongst the educated (almost as bad as communism). So we have to keep trading.

We got the lucky end of a bubble. All the big growth will be in other places this century. You either go along for the ride and understand that it is no longer all about you. You grow up.

And you do not let the Bush ***hole elites remake all the rules. You study the situation and make some rules yourself. We need to study and learn about the rest of the world & economics.