In response to:

The Fall of the House of Labor

ksatifka Wrote: Dec 14, 2012 12:03 PM
Our 'service' economy now depend upon endless consumption by easily conned consumers. If people ever woke up and realized that they did not need all the stuff that corporations try to sell us our economy (and jobs) would fall even further, as 70% of our economy depends on consumers buying things. Service jobs have proven to be very difficult for unions to organize, hence, where do unions get new members?
Corbett_ Wrote: Dec 14, 2012 12:50 PM
One reason we live in a consumer economy is that the Fed has debauched the dollar. It makes no sense to save an asset that is steadily losing value. If we adjust for inflation, the wages of the average American are less than they were in 1935 and taxes are much higher. My generation -- which immediately followed the baby boomers, was the first generation in American history who did not do as well as their parents. Our children and grandchildren are even worse off.

The so-called greatest generation looted the country. The boomers decided to take their share. These two generations didn't leave anything for the rest of us except blood, sweat, toil and tears.
OneForFreedom Wrote: Dec 14, 2012 12:57 PM
Good posts Corbett - I'm at the end of the boomer gen (born 1961) but I don't expect to benefit from SS/Medicare - though I sure paid (and of course am still paying) enough into that.

As far as consumer economy goes, one driver is the fast pace at which electronic h/w changes. I'm trying to get my 13 year old to see the value in NOT wanting the newest all the time - I can show him quite a few computers I wasted my money on, which are now good for doorstops.

If only I'd bought Microsoft, Intel and Apple STOCK in the '80's...
MadisonWannabe Wrote: Dec 14, 2012 1:06 PM
The so-called greatest generation looted the country. The boomers decided to take their share. These two generations didn't leave anything for the rest of us except blood, sweat, toil and tears.
Truer words have never been written. Too many people have swallowed this lie. The greatest generation included Washington, Madison, Jefferson and so on.

In 1958, Senate Minority Leader William Knowland, his eye on the 1960 GOP nomination coveted by fellow Californian Richard Nixon, went home and declared for governor.

Knowland's plan: Ride to victory on the back of Proposition 18, the initiative to make right-to-work the law in the Golden Land. Prop. 18 was rejected 2 to 1. Knowland's career was over, and the Republicans were decimated nationally for backing right-to-work.

Badly burned, the party for years ran away from the issue.

This history makes what happened in Michigan, cradle of the United Auto Workers, astonishing. A GOP legislature passed and Gov....