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Post by blueneck on Jun 12, 2007 11:47:52 GMT -6
Here is the latest claptrap from neo-liberal Heritage foundation, with no basis whatsoever in reality or fact. The basic premise is that workers are being compensated fairly because inflation is overstated and productivity growth is understated, and that compensation should also include benefits besides cash - gimme a freakin' break. More neo-CON gibberish to make people feel lemming like good about an economy going off the cliff www.heritage.org/Research/Labor/bg2040.cfm
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Post by unlawflcombatnt on Jun 12, 2007 13:57:17 GMT -6
Here is the latest claptrap from neo-liberal Heritage foundation, with no basis whatsoever in reality or fact. "Claptrap" is exactly what it is. Economic "mythology" also comes to mind. They even have the nerve to post a chart that contradicts their mythology, with the idea that someone will swallow their refutation of the reality shown in the chart below. This is not only an incredible amount of "spin." It's incredible that the authors think anyone will buy their spin. Here is the latest claptrap from neo-liberal Heritage foundation, with no basis whatsoever in reality or fact. The basic premise is that workers are being compensated fairly because inflation is overstated and productivity growth is understated, and that compensation should also include benefits besides cash - gimme a freakin' break. Give me a break too. You can't spend benefits. "Benefits" don't fund consumer spending or maintain production demand. Furthermore, these "benefits" are exclusively on paper only. They're adding dollar-value to employee compensation by including something they haven't even paid out, and probably never will pay out. (Just think of all the employee pension funds that have bankrupted under the Bush plutocracy). Inflation "understated" A large number of analysts and economists say exactly the opposite. Oil, housing, precious metal prices, and food prices have increased much more than the currently concocted inflation rate by the government. The claim about 'inflation being overstated' is not just spin. It's an outright lie. They're adding mythological value to the compensation, the same way home appreciation has added mythological value to Americans' personal wealth. Here is the latest claptrap from neo-liberal Heritage foundation, with no basis whatsoever in reality or fact. More neo-CON gibbersish to make people feel lemming like good about an economy going off the cliff. Amen. The sad thing is, many people will believe this illogical garbage. As Hitler once said, if you repeat a lie often, people will believe it. The Heritage Foundation seems to be understand this premise quite well.
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Post by blueneck on Jun 12, 2007 17:57:56 GMT -6
So I guess that because the Heritage Spindation says so, I am supposed to be grateful my wages have stagnated and my costs keep going up. Yippee!
I just so happy I could cr@p! Oh well at least I have health insurance that doesn't cover anything.
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Post by rjfliberal07 on Jun 12, 2007 19:24:08 GMT -6
If you think this is bad, look at the Economic textbooks that are printed for todays college students. The book I use for Macro Economics is written by none other than Greg N. Mankiw, a former chief economic adviser to President Bush. The text and all the case studies in the book clearly favor the Pro globalist, free-trade mantra. They even use Paul Krugman's one pro globalist article about trade which was written 10 years ago, before the results of NAFTA and CAFTA could be known. It is a shame that textbooks like this one could not be more neutral.
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Post by blueneck on Jun 12, 2007 19:39:34 GMT -6
Mankiw - famous for his clueless "outsourcing is good for the economy" quote
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Post by rjfliberal07 on Jun 12, 2007 20:12:56 GMT -6
And are the Chinese workers really better off now in their chemical infested, air polluted skies? I doubt it. I'd say they were better off before this outsourcing happened. People like Mankiw are quick to say outsourcing is good for the economy. Well, I am sure we can hire plenty of willing professor's from India at a fourth the cost to do exactly what Mankiw and other professors do. ;D See, unless outsourcing affects you personally, you don't think it is a bad thing. He would change his tune quickly though if he had to compete with underpaid overseas workers for the same job. Kinda like would many in U.S manufacturing and now technology area have been doing now for awhile.
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Post by unlawflcombatnt on Jun 13, 2007 3:13:21 GMT -6
Well, I am sure we can hire plenty of willing professor's from India at a fourth the cost to do exactly what Mankiw and other professors do. ;D See, unless outsourcing affects you personally, you don't think it is a bad thing. He would change his tune quickly though if he had to compete with underpaid overseas workers for the same job.... It's funny you said that. Economist Dean Baker makes this point about twice a week-- that if many "professional" jobs were being outsourced (like those of economists), those professionals would be united in opposition to globalization and unrestricted free trade. Certainly Mankiw's own salary would be driven down if we opened up American labor market to every economist in the world.
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Post by blueneck on Jun 13, 2007 4:15:26 GMT -6
Lets see if we can get an H1B economist from India to take Mankiw's job. I forget his name, but maybe the one that they have on the Nightly Business Report sometimes who is saying that India is gearing up and building infrastructure to take on another 40 million outsourced jobs.
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Post by Ken on Jun 13, 2007 8:34:42 GMT -6
The heritage foundation has become an absolute joke.
In their latest ramblings they attempt to make the case that if we used the health care savings accounts that employers would pay their employees more.
Excuse me? This week they claim wages are understated because of benefits but if employers were to pay less for benefits wages would rise.
The tax write-off is the same. Pick an argument.
I propose a new study. We send 10 proctologists to the heritage foundation and asceration the depth at which the economics dept has implanted its collective head in its ass.
This "Stink Tank" has no credibility
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