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Posts Tagged ‘Michigan’

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This week, the Ford Motor Company announced that it was no longer going to export all small car production to Mexico, which meant exporting US jobs. The company will invest $700 million in Michigan, instead, and create another 700 jobs in the process.

Ford CEO Mark Fields said this move was a vote of confidence in Donald Trump. “We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.

During the election season, Trump repeatedly slammed Ford for exporting tens of thousands of US jobs to Mexico.

Now here’s what you haven’t been told. Ford’s share price dropped from a recent high of $17.72 in 2014 to $11.34 on November 2016. Then came the election on November 8, and a subsequent rise in the overall price of corporate shares. So far, Ford’s share price has risen to $13.17 since November 4. Would Ford have kept the jobs in the USA if its share price was heading in the other direction. Not likely.

The billionaires, Wall Street investment corporations and hedge funds are taking cash out of the bond markets and stuffing that cash straight into the stock markets, thereby expanding the bubble, which will soon pop.

When the bubble pops, share prices will fall, and you can bet your bottom dollar that Ford will soon be exporting as many jobs as possible to enhance its bottom line and prop up its failing share price.

The economy should hit the recession by June of this year. Expect the stock and housing market bubbles to pop shortly afterwards.

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hamid-karzai-afghanistan-election-fraud

The US government is possibly the most corrupt among the major industrialized nations, and probably more corrupt than many third world nations. This is because there is little difference between the Democratic and Republican Parties, and the rich people who manipulate them like puppets. So, quite naturally, one can be suspicious of US election results at just about any level of government. And yet the leaders of both parties want us to believe such corruption does not dirty our elections. They’re wrong.

So now Donald Trump must go through the agony of recounts in three states: Wisconsin, Michigan and Pennsylvania. This recount effort is spearheaded by Green Party candidate Jill Stein, but the Clinton camp has decided to help ensure the accuracy of the recounts.

Exit polls showed Clinton winning all three states. Clinton, by the way, may not have defeated Bernie Sanders in the Democratic primary without the use of electoral fraud; her wins in Arizona and New York come readily to mind.

Donald Trump, who told us of such election fraud, is not happy about these recounts. No Republican has become US president without a high degree of electoral fraud during the last 28 years. George W. Bush became president in 2000 with the use of voter suppression, and a number of other dubious tricks. His win over challenger John Kerry in 2004 was filled with corruption.

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The reports of corruption in 2004 were especially dramatic in Ohio, the critical battleground state that clinched Bush’s victory in the electoral college. Officials there purged 190.000 Democratic voters from the rolls between the primary and the general election and didn’t notify any of the voters.

Ohio officials also failed to process registration cards generated by Democratic voter drives, shortchanged Democratic precincts when they allocated voting machines and illegally derailed a recount that could have given Kerry the presidency.

A precinct in an evangelical church in Miami County recorded an impossibly high turnout of ninety-eight percent, while a polling place in inner-city Cleveland recorded an equally impossible turnout of only seven percent. In Warren County, GOP election officials even invented a nonexistent terrorist threat to bar the media from monitoring the official vote count.

There were serious problems throughout the nation on November 2, 2004. What is most glaring about the irregularities in 2004 was their decidedly partisan bent: Almost without exception they hurt John Kerry and benefited George Bush.

So bring on the recount. Besides, what does Donald Trump have to fear?

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The Right to Work means the Right to Work for Less

If wages drift down in Michigan because of the new Right-to-Work-for-Less law, the difference between the old higher wages and the new lower wages will be redistributed into the already fat wallets of the super-rich via higher corporate profits, share prices and dividends. Some of that income will be redistributed to Wall Street CEO’s via higher bonuses and greater fees for stocks and bonds traded. Some of the income will be redistributed into the already fat wallets of other corporate CEOs via pay hikes and bonuses. In other words, right to work for less laws redistribute income upward by pushing wages down.

That redistribution of income means higher poverty rates for the 99 percent.

There is also a redistribution of political power going on here. A labor union is a union of labor. A publicly traded limited liability corporation is a collective of rich person’s money. The owners of that money usually don’t have a clue as to what is being produced by their corporation, but whoever controls that money wields much more political power than any one labor union. Essentially, our democracy is being purchased by a series of communist collectives for rich people, otherwise known as corporations.

The Reagan and Bush tax opened the floodgates of rich people’s money into politics, something that could not be matched by the 99 percent. The ability of the 1 percent to form collectives is at the heart of this matter. The floodgates had been carefully built by FDR, Truman and Eisenhower. Now rich people are using their tax breaks and collectives to break what little political power remains with the 99 percent.

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Pontiac Michigan is On the Comeback

It’s being said that the dire economic conditions of Pontiac, Michigan are on the mend. That may be the case, but there’s a long way to go with unemployment running above 30 percent. Years of free trade treaties have devastated the citizens of this once vibrant community.

Click here for the story about the comeback of Pontiac, Michigan

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Now that Wall Street Mitt is on the verge of losing in Michigan, okay he’s looking at getting his soft rearend spanked, Mitt has converted. Last week he declared that labor unions impede economic prosperity, and this week, he said they were important to prosperity. Which is it Mitt?

Mitt Romney changes stance on labor unions

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Rick Santorum and Ron Paul are posed to send Wall Street Mitt Romney into the ashheap of history. They’re ahead in the latest polls in Michigan, Mitt’s home state. And oh yes, the conservative folks of Ohio also think Mitt is on the wrong side of the auto bailout issue.

click here for the rest of the story

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