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Old 05-06-2009
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Quote:
Originally Posted by PBzeer View Post
Some cautionary words from the Welch's on the events of last week: Specter, Bank of America, Chrysler: A Bad Week for Business - BusinessWeek
What a confusing article. It starts with Spector"s defection and ends with this:

"And so, we are beginning to feel afraid—very afraid. We believe America needs to be more competitive than ever to get out of this recession."

America needs to be more competitive? How? Family wages are sinking like a stone over the last decade, we have 10% unemployment in 100 cities and this guy is still blaming unions? Did he time just warp in from the 1970's?

The reason America is out of the manufacturing business is because of monetary and trade policies, not because they are paying Americans too much.

Of course Corporate America points out that wages are lower in Vietnam and Thailand and China. Yes, that's very true, but is that what they plan on turning America into? Would any of us want to live here if they did?

This article is written by a clueless individual and I'm surprised Business Week printed it.

Or could it be that Boss Limbaugh called them too?
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