Working Life

Detroit is about to be savaged — not by the industrial woes that have plagued the city for too many years. Nope, now riding into the city with an axe is an “emergency manager.” And let’s be clear: workers are the target.

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Oh, pity those poor bankers in Europe. Capping their bonuses? What’s next? Having to be honest?

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One of the enduring feats that always amazes me is the way in which liars, fools and manipulators, who are proven to be such, still manage to occupy some space in the public debate and rise from the dead. You remember Arthur Laffer, the man who peddled the phony and discredited “Laffer curve” arguing for lower taxes? Well, he’s baaccck…with another pile of manure to sell.

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Yet another truly foolish installment in the games played by political leaders is playing out with the sequester dance. Please, c’mon, to quote John McEnroe “You can’t be serious.” But, apparently they are.

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Banks and elites will wring their hands. How can those Italians just stick a thumb in our eyes, they’ll say. Well, because real people don’t like austerity — especially when it’s imposed by the very people who made a mess of the economy.

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Just a quick reminder that while it is true that union organizers in many countries are fighting anti-labor laws, not everyone ends up in jail just for being a union organizer. Like Said Elhairech who has now been tossed into jail by the pathetic Moroccan legal system.

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God, the idiots never shut up. Back they come — Alan Simpson and Erskine Bowles — with their self-appointed roles as public scolds, trying to sell the public the phony debt and deficit scam. And this time their new “plan” brings in less money which means more cuts.

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I have written over the years about the way in which a lot of government statistics tell us very little about how real people are doing in the economy. To wit: some talking heads and political leaders keep talking talking about a “recovery”. But, that means very little to most people — except, surprise, if you are rich.

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Ah, Don Corleone, you would wish for these days. You would never worry about running a crooked business, breaking the law, or shaking down your customers. Because, if the government came after you, you’d have a ready-made defense, a tested defense handed you by the big banks, and their apologists: don’t indict me and my associates because we’d be out of business.

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Keep your eye on the ball, which is tough when it come to making sure another chunk of change doesn’t end up in the pockets of the big banks. But, it keeps happening.

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