Posts Tagged ‘EFCA’
National politics edition: U.S. economy looks more like an emerging market than an established one after undue political influence from finance, Obama administration is attempting an end run around Congress on bailout rules and reporting, documenting the administration’s ties to finance,Nassim Taleb predicted the collapse and explains what needs to happen next, the possible return of Eliot Spitzer, Spector no longer supports a vote on EFCA, war demands sacrifices from dogs too, state legislatures focusing on voter “fraud” instead of real issues, Congress may fillibuster Justice nominee to protect Bush administration, and being denied health insurance for needing it.
Economics edition: Why talking about the top marginal tax rate is too simplistic, how current labor organization law is failing workers, how our views of government translate to our views of health care, ignoring the economic “distractions,” why the Obama administration’s centrist views on the economy are bad for us.
In times of relative economic prosperity, it’s easier for a worker to forget how many of our countries laws and protections apply to capital and how few apply to production. Sure, a job may not be a certain thing, but there are more. And barring skills restricted to a few industries that are always in trouble, aren’t we all at least above average in our ability to out-compete if the time comes to find a new job?
When the recession hits, it becomes much harder to remain blinded by our optimism. When an economic event of the magnitude of the one we’re experiencing now comes along, it’s impossible to miss the fact that the people who have no say in deciding the future of a company suffer the worst in the decisions that are made.