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Sun Nov 18, 2012, 05:33 AM

 

1979: Paul Volker says US living standards must decline

http://www.scribd.com/doc/6441987/Volcker-Asserts-US-Must-Trim-Living-Standard-NYT-10181979

...and they have.

6 replies, 828 views

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Reply 1979: Paul Volker says US living standards must decline (Original post)
HiPointDem Nov 2012 OP
fasttense Nov 2012 #1
NNN0LHI Nov 2012 #2
HiPointDem Nov 2012 #3
woo me with science Nov 2012 #4
jtuck004 Nov 2012 #5
byeya Nov 2012 #6

Response to HiPointDem (Original post)

Sun Nov 18, 2012, 05:50 AM

1. Mission Accomplished! n/t

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Response to HiPointDem (Original post)

Sun Nov 18, 2012, 06:26 AM

2. We accepted our first concession contract in 1982 and every contract since

It began right after Reagan fired the air traffic controllers and we discovered that a Honda of Ohio supplier was using prison labor to make Honda parts for $3 dollars a day.

I was competing against that prison labor on my union job.

I knew the end of the good times was near back then.

I was laid off and my neighbors were out buying Hondas.

Don

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Response to NNN0LHI (Reply #2)

Sun Nov 18, 2012, 06:35 AM

3. "supplier was using prison labor" = seems some things never change.

 

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Response to HiPointDem (Original post)

Sun Nov 18, 2012, 06:39 AM

4. Well, 99 percent of it anyway.

The other one percent...well....

K&R

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Response to HiPointDem (Original post)

Sun Nov 18, 2012, 02:03 PM

5. And Master Reagan said "No, see the shiny things?", and gave us Alan

hey-if-you-are-gullible-enough-it-must-be-an-ok-deal Greenspan. They declined anyway, but after a few people set themselves up to profit from that new thinking...




Here.

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Response to HiPointDem (Original post)

Sun Nov 18, 2012, 02:06 PM

6. That is one sad graphic. And we're putting up with it. Thanks, I had not seen it before.

 

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