Amidst all the financial turmoil of today, it is important to remember the ethics underlying this huge sell-off on world markets. It shows, deeply, a terrific loss in confidence on the part of investors in the system itself. Why else would they dump stocks right and left? There will be many ups and downs ahead.
It is time now more than ever for the U.S. government to step in to stabilize incomes in this country, to enact long-needed labor protections so production can be stabilized and begin to grow robustly again. This is about the strength of labor. The big investors will simply have to "go fish."
It is time now more than ever for the U.S. government to step in to stabilize incomes in this country, to enact long-needed labor protections so production can be stabilized and begin to grow robustly again. This is about the strength of labor. The big investors will simply have to "go fish."
The White House is taking the right tack in calling on Congress to halt talk of a government shut-down. The Republican approach is exactly the wrong prescription.
ReplyDeleteVia The Washington post on line --
Earnest used the volatile markets to call on Congress to avoid a government shutdown, pass spending bills and reauthorize the Export-Import Bank, saying, “The administration, certainly the president, is very mindful of how this would be a particularly bad time for a self-inflicted wound.”