Friday, February 20, 2004

Trust me, says Greenspan

What the hell does Alan Greenspan know about jobs? He's a money-lender, nothing more. He has the temerity to say, in obtuse phrases, as usual, precisely what Bush's Chairman of Economic Advisers recently said more bluntly (and caught intense flak for), namely that loss of jobs due to foreign outsourcing is the necessary price for eventual greater economic prosperity.
From what source, exactly? When, exactly? How, exactly? No answers, only a vague pointing toward the past, when the US economy created jobs to replace those that were lost.
But nowadays we have an administration that seeks no new solutions. No exploration of new energy sources, no spurring of environmental efforts, no credits for industries that seek new solutions. Instead, a cold-grip reliance on the ever-concentrating industries and their wealthy bosses.
Why should we trust this system to create meaningful employment for the millions who've lost even meaningless jobs? Why should we trust Greenspan, for God's sake. He's the architect of the program that's cost us our economy.

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