Yesteday, I argued that one solution to the trade deficit, particularly the deficit with China, is to let the dollar decline in value. But, there is almost no discussion on this concept within the mainstream press, not to mention the political elites. Neither The New York Times, Wall Street Journal, Los Angeles Times or the […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsArchive | General Interest
It’s The Dollar, Stupid
Posted on 29 March 2006.
I just caught an item this morning in the Financial Times that reported that Senators Charles Schumer and Lindsey Graham had decided to postpone the bill they’ve wanted to push that would have imposed tariffs on China if it did not let its currency, the renminbi, rise faster in value. In theory, a rising renminbi […]
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How Monsters Grow
Posted on 28 March 2006.
We have a deadly mix in the economy: start with so-called “free trade” and globalization, add in a good helping of the disappearance of anti-trust laws, mix in the collapsing health care system and, then, for good measure, add a little dash of political parties rushing to please big corporations and, presto, you have corporations […]
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Why Are Democrats Cowards?
Posted on 27 March 2006.
Can anyone find a Senate Democrat, outside of Russ Feingold, with a spine? As we all know, Feingold wants the Senate to censure the president because of the refusal by the president to abide by the law. Responding to Feingold, Senate Democrats are doing what seems to be natural: scurrying for cover. EVEN THOUGH BUSH […]
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The Working Poor
Posted on 26 March 2006.
It shouldn’t shock readers here that people are struggling to just keep their heads above water, pay the bills and feed their families and themselves. Despite the attempt by the Administration to paint the economy as doing just fine, it’s getting nastier by the day for millions. Check this out: our friends at the Economic […]
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Friedman Will Never Get It
Posted on 25 March 2006.
Sigh. You know, it does get a bit tiring to have to repeat oneself–even when I’m wrong. On this one, I’m not wrong. It’s Tom Friedman, the messianic columnist of the grey lady of 43rd Street, who lives in another world. Anyone who reads his columns–and his books–will know that he has a fascination with […]
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Making Corporations and Rove Happy
Posted on 24 March 2006.
So, here’s a political take on the General Motors-UAW deal to pay workers to get out of Dodge. In one sense, for a bunch of workers who are near retirement and have over 30 years on the job this isn’t a terrible deal: if your kids are out of college and you have your house […]
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Machinists Versus UAW?
Posted on 23 March 2006.
Hmmm…this is curious and bizarre. If you go to to website of the Machinists, you find this curious bit of news: Organizing Drive Gears Up at Alabama Mercedes Plant March 16, 2006 – Fair wages, a voice at work and decent benefits are the foundations for a good job anywhere in the United States. Increasingly, […]
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Make Work Pay
Posted on 21 March 2006.
Okay, so I’m all for the idea of making work pay. That’s the slogan of the Change To Win campaign unveiled in Las Vegas yesterday. Since I couldn’t get there, I’m going to piece this together over the next few days. The press statement of CTW says this: The seven-union Change to Win federation today […]
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On Welfare “Reform”
Posted on 21 March 2006.
I had some further thoughts about the Times article, which I cross-posted at Daily Kos. But, here it is: Will The New York Times stop regurgitating the utter nonsense that welfare “reform” was a success? Erik Eckholm’s article today on the plight of black men is disturbing, not just because of its central thesis that […]
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