Industrial Policy

Senator Hollings, right on target, sir!



Here's an oldie but a goodie:



"The Capitalists will sell us the rope with which we will hang them." Vladimir Ilyich Lenin



What the titans of Wall Street, Corporate America, the Banks, the MSM have managed to do with their shortsightedness is murder their own way of life. In the victory over American Labor that American Capitalists have achieved, during the last twenty nine years, their unfettered power has delivered them from being manacled in paradise to wandering, parched in the desert. Here is a short itemization of their self defeating, willful blindness:



1) Outsourcing to foreign countries with standards of living so low they could never afford the products they manufactured for export to the United States.



2) Not recognizing that the well paid American Worker was the ultimate consumer of their products that sustained their wealth.



3) That extending consumer credit was a finite process.



4)That a housing bubble, which enhanced domestic purchasing power, wouldn't collapse.



5) That fraudulent wealth can never replace actual wealth.



6) That tomorrow never comes.



The Titans of the Economy have failed, the only way forward is to leave them wandering in the desert and identifying a new way forward. I hope the President has a good compass.
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