Bushonomics 1
Or how to make the rich richer and screw the working stiff.
Summary: There is this company called American Axle. It makes axles for SUVs.
Several years ago, it made lots of money.
Now, thanks to the inane nonexistent Bushie energy policy, with the price of gas approaching the price of Scotch (but, then, Scotch is discretionary, at least for most Scotch drinkers; gas is not, at least for most drivers), it’s just making some money.
But it’s still making money.
Since it’s no longer making lots of money, the owner wants to dump on the workers so he can continue to pull out umpty-ump millions in salary and bonuses, instead of just ump millions.
The conclusion from the author of the story (follow the link below for the full article):
- It’s a story of greedy investors unhappy with what they consider minimal profits when, if they could just screw the American workers around, they could make a LOT more.
- It’s the story of an idealistic conservative who has been bombarded with New Conservative ideology (workers are parasites; they deserve NOTHING; they ought to pay to work for you; rip them off, it’s your right – hell, it’s your DUTY) for a decade and has now been brought to a point where he’s looking around at the pennies paid by rip-off artists here and overseas and wondering just how much bigger his piece of the pie could get if he stopped, well, coddling his spoiled workers.
- It’s the story of fear and anxiety over a world marketplace made dangerously unstable by the bottomless greed of the investor class and near brought to ruin by the greed of merchant bankers, oil companies, and financial speculators.
- It’s the story of how one well-meaning man caused all kinds of grief to less well-meaning men who had cheerfully ripped off their workers and stuffed their own pockets with the proceeds. What was it the NAM guy said?:
“Mr. Dauch is just doing what he has to do to survive,” said Hank Cox, a vice president of the National Association of Manufacturers. “Something’s got to give if those jobs are going to stay in the United States.”
It’s a story of the Republican “me and screw the rest of you” generation.
Via Eschaton.
May 2, 2008 at 2:13 pm
There aren’t many bigger ways of wasting your life than hating your employer.