Whitman and Fiorina versus American jobs
I have already voted by absentee ballot for Brown and Boxer. The fact that both Whitman and Fiorina have outsourced jobs overseas should give Brown and Boxer a victory. Jobs are the central issue for ordinary Americans in the coming election and 2012. Indeed, as we see in France and elsewhere, jobs are a worldwide issue. California, as a state, has a progressive history. At one time, even the Republican Party here was progressive. Earl Warren was governor when my family first moved to California.
Wall Street is counting on more quantitative easing for the money markets the day after the election. It didn't work the first time, so why should it work this time? It would work if the money printed went toward job-creating infrastructure repair for American workers and American companies. Quantitative easing will not work unless it jump-starts the American jobs that support 70 percent of the American economy. There is no recovery without a jobs recovery! We need trade barriers to protect American companies and American jobs in America. This is how things work, and how we grew our industrial base. We would never have become an industrial nation without tariffs.
" 'Companies are importing goods to increase efficiency, and ultimately that means there is not going to be that much need for labor,' said Edward Kashmarek, an economist at Wells Fargo Securities LLC in Minneapolis. The rise in claims 'is indicative of continued weakness in the labor market.' " This is the fourth paragraph in an article titled "U.S. Trade Gap Grows, Jobless Claims Unexpectedly Rise" from Bloomberg.com (but you just have to type in the title). Since they know that the US trade gap causes the loss of jobs, why is the rise in jobless claims unexpected?
Pervis James Casey
Oct 15 2010 - 3:47pm