New Labor Department Report Reflects Bush Administration's Lack of Seriousness...

AmericanEconomicAlert.org ^ | Monday, September 20, 2004 | William R. Hawkins

[ninenot]

Today's news (10/1) is that PRC is now buying a big chunk of Canadian oilfield with USD they've stored up.

Hmmmmmm.

[ninenot]

Interesting possibility, but I don't think even the Hildebeeste/President will sit still for lawsuits against US companies based on Kyoto protocol violations.

Boycotts might work--but not lawsuits.

[radicalamericannationalist]

Isn't that nice. And I'm sure their commercial interest in the Panama Canal Zone is purely peaceful.

[ninenot]

The Canal is no longer vital for oil transport--the tankers are too big to fit through.

But there are other shipments which are important.

Besides, on general principles, I don't like the Red Chinese Army controlling ANYTHING in the Americas.

[radicalamericannationalist]

Well, I wasn't thinking the tankers. I was thinking naval movements.

[A. Pole]

So "trainee" lawyers and legal interns/paralegals will be a thing of the past in about 10 years or less, and radiology "departments" will consist of a server-computer and a radiologist.

If the American trainees are eliminated, where the experienced professionals will come from? I guess we all know the answer.

[valkyrieanne]

Willie, it's a shame that you've become totally irrelevant to the current campaign.

As I see it, this has very little to do with the current campaign. It has everything to do with how the country is going to shape up economically over the next four years of a 2nd Bush term - and how that will affect the *2008* election.

Furthermore, when something is *wrong,* it's wrong - regardless of whether or not there's an election in play.

[lelio]

She is still aligned with her private sector contacts in the transnational business community and has failed to assume the duties of a national strategist that should be a major part of her government portfolio.

She's just a "cheap labor" Republican.

In July 1982, the average person working in the private sector of the economy earned $271.77 in a week. In July, 2004 in real terms (1982 dollars), the average person earned $278.48 in a week. That´s not a real gain

Its a real gain --- of over $3000 (in 10 years)!

[meenie]

The worse conditions get, the more irrelevant everything becomes. It's up to the individual to take care of himself and escape the ravages of the government. Individualism is the name of the game now.

[LowCountryJoe]

...Material living standards have been improving not as the result of workers being better paid for their greater output, but because families have put more of their members into the workforce...

A fundamental error is made in that analysis right there. This ignores wealthy people who have amassed wealth and now drop out of the workforce to pursue a leisurely lifestyle.