Sunday, July 28, 2013

Who do you trust with the economy? The banks? How do you reconcile that?

By Jason Stein and Patrick Marley
July 26, 2013


Madison — A Democratic senator (click here) is upset that some 3,000 union state workers won't immediately share in the 1% pay raise put forward by Gov. Scott Walker's administration for each of the next two fiscal years.
Those employees have to wait for contracts to be negotiated over their wages with the Walker administration. In the past, pay increases for nonunion employees and separate contracts for union workers containing their pay increases were typically handled around the same time out of fairness, according to Sen. Jon Erpenbach (D-Middleton) and his office.
"Passing a state employment compensation plan without including any represented state employees reeks of punishment," Erpenbach wrote Thursday in a letter to Walker... 

Every household in the USA knows the more disposable income exists the faster the economy grows. The largest pool of purchasers is good for Wall Street. No, it is not good for Wall Street, it is VITAL for Wall Street. I don't know of one company that grows income to stockholders based on loss of GDP of a nation. 

Gus Lubin
April 9, 2010

Normalized to 1979, (click here) the top 1% have seen their share of America's income more than double. The bottom 90% have seen their portion shrink....

Investment Banks remove wealth from a country. They merge, they buyout, they horde money. They treat property as assets and not part of a whole.

Unions expand economies, return wealth to a large and diverse group of people, provide equity to a companies view of their assets and demand solvency to their members to pursue the American Dream. Unions make companies take notice of their investment in their workers and how productivity depends on experience and commitment. There is not one financial institution that can grow an economy the way Unions can. Not one financial institution can increase the quality of life of a large number of people to find integrity in WORK.