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Post by unlawflcombatnt on Jun 12, 2011 10:55:53 GMT -6
Dylan Ratigan is currently the biggest name in this country when it comes to populist economics and politics. In addition to having a 1-hour show on MSNBC, he also has his own site: DylanRatigan.comHe's also a poster at the Huffington Post
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Post by unlawflcombatnt on Jun 12, 2011 11:31:20 GMT -6
Here's a sample from DylanRatigan.com www.dylanratigan.com/2011/02/23/forging-the-future/" Scott Paul of the Alliance for American Manufacturing talks about the decline of American manufacturing, which is reflected in the changing demographic of the American worker.
TRANSCRIPT:
>> [The] decline in manufacturing is reflected in the changing demographic of the american workers, as we were just discussing. less than 9% of Americans now work in manufacturing, a decline of 8.1 million during the last 3 decades. manufacturing now in fact represents just 11% of our GDP, down from nearly a 3rd in the years following World War II. So the question going forward for all of us is, can our economy function properly without these jobs? Is this not the guts of the american job market? With 30 million americans unemployed or underemployed, lousy jobs all over this country, if they can’t go back to manufacturing, good jobs, where will those jobs come from? and how will we create them?....I want to bring in scott paul from the alliance for american manufacturing, and give us a sense of what you think, scott, could most immediately be done to stem the bleeding?
>> I think the number one thing and prerequisite for making progress on everything else is to deal honestly with China. we have a $270 billion trade deficit with china. Just last year it was a report. at the core of this I think is currency manipulation, essentially a tax on our exports and subsidy for chinese imports. It’s created this imbalance. for ten years they’ve been able to get away with it. we’ve got to make progress on that.
>> Let’s stop and talk a bit about why this is. [It isn't that] the chinese aren’t inherently evil people. They’re trying to develop its economic any way it can. What has struck me, why are we tolerating the currency manipulation.
>> Unfortunately the more and more i learn, It’s not the chinese that’s the problem. It’s the american multinationals that in effect are trojan horses for the chinese economy. Caterpillar, these types of companies lobbying the american government not to deal with trade. This is a quote from duncan hunter, a former congressman from california, says — this is from Congressman Hunter — for practical purposes, many of the multinational corporations have become Chinese corporations. is that the root of the problem?
>> I think it really is. we are the only country in the world that has a network of trade tax and investment policies that actually promotes outsources. You look at the co and it’s precisely because they have a disproportionate impact. I don’t blame the chinese. They’re acting in their own interest. They’re doing mercantilism that’s good for the chinese, but not for the rest of the world.
>> Reagan was brave enough to intervene with the Japanese with the Plaza Accord.
>> and I think that needs to be the model. Once we did the Plaza accord, our trade deficit overall was eliminated. I think that’s the last time that happened. On this educational attainment we want to achieve, I mean, our manufacturers can compete, but not on a playing field that’s tilted heavily toward the Chinese. It’s going to be up to us to do something about it. I would say one last thing about it.
>> Please.
>> This is an issue on China that this is not a partisan issue. This is an issue where the labor movement agrees, domestic manufacturers. You had a vote in the house last year overwhelming 99 republicans joined the Democrats. in fact, if you figure in the economic growth, it would reduce our budget definite constituent –
>> But look at the profits of American multinationals that will be threatened if Chinese currency rigging was addressed by the American government.
>> But we have smart innovative companies. They would figure it’s in their own interests to bring work back to the United States. you’ve seen some of that happen already, mostly because there have been quality problems. because of the recession they do want to bring production a little closer to the market where it’s sold, which is the American market, but if you get rid of this obscene currency manipulation that serves as a tax on our expert, and you sew more work coming back, you’ll see manufacturing growing again. We can grow this sector. We won’t have the megafactories like in the 1950s and ’60s, about you you yourself I know have visited some high-tech factories. We have a skilled work force. We can regrow that and again, and to have a strong economy we must regrow.
>> Are you optimistic this government has what it takes to go up against american multinationals that would lobby against us doing that.
>> I think ultimately there are 3 factors that will make a difference. 1st manufacturing is connected to our national security. If we lack the ability to make the armaments to defend this country that’s more than an issue that affects manufacturing. It facts our national security. Innovation, the more people realize that if production is separated from innovation, that we’re not going to be inventing the next great thing necessarily, the more people will come to manufacturing. I think we can overcome that. The China currency vote is the perfect example. I think a lot of new members of congress influenced by the tea party uchbds that manufacturing in america goes hand in hand, and i think they can stand up to the interests. I know a lot of democrats are prepared to do it. I think we have a solid working majority to pass a pro-manufacturing agenda if we can break those shackles.
>> Heck, let’s just be pro-fairness. The very foundation of this country and the ideas of this country going back to our trip to Seneca falls and the rest of it is let’s just have a level playing field, as our president from Boeing was saying. an absolute pleasure, Scott. thank you for the time."
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Post by unlawflcombatnt on Jul 12, 2011 11:35:40 GMT -6
There was an interview with David Stockman on the Dylan Ratigan show on ~ June 22/23, 2011 where Stockman stated unequivocally that we did NOT have to bail out the banks or the financial industry. This is the 1st time I'd heard anyone with his level of reputation say this. (For the record, I completely agree with him on this.)
I've been trying to find either a transcript or tape of the interview for the a couple of weeks. Below is a Youtube video of at least one of Stockman's interviews with Dylan Ratigan. I don't know if this is the right one or not, but I'm inserting it here in case it is. (I don't have the capacity to listen to it and check it from my current location.)
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Post by unlawflcombatnt on Jul 12, 2011 23:41:01 GMT -6
Yes, this is the one.
Stockman maintains we could have let Goldman, et al, fail and we would have survived.
In fact, we'd be better off today if we had done just that.
But the Great One would not have been better off, because his rich supporters on Wall Street wouldn't have contributed so lavishly to his presidential campaign.
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Post by mdub on Jul 13, 2011 21:50:34 GMT -6
Stockman badmouthed GE, which owns MSNBC. I don't think he'll be invited back.
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Post by graybeard on Jul 13, 2011 22:22:27 GMT -6
GE sold NBC to Comcast(?) just before Dobermann was fired back in January.
GB
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Post by unlawflcombatnt on Aug 13, 2011 12:01:54 GMT -6
The Rant heard 'round the world by Dylan Ratigan:
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Post by graybeard on Aug 13, 2011 12:16:47 GMT -6
Matt Miller, who has been subbing for Dylan all week, said DR will be back on Monday.
Was he suspended with pay, or without? The killers of the schizophrenic homeless guy in Fullerton, Calif, are all suspended - WITH PAY.
GB
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