Abe Ologello | Arkansas news, politics, opinion, restaurants, music, movies and art

Abe Ologello 
Member since Oct 7, 2012


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Re: “The economy IS getting better, job report or no

Just to add a little bit of background on Welch to put his comments into the proper perspective. As CEO of General Electric, Welch earned the nickname "Neutron Jack" bc, as his associates said, he would leave factories untouched but decimate the work force.

In his book he boasted that that GE had 411,000 employees at the end of 1980, and 299,000 at the end of 1985. This was during the time that Reagan was awarding very lucrative contracts to GE as he increased defense spending to all time highs. (Reagan was, in fact, a product of General Electric, but that's another story.)
As GE's operating profits swelled..., its total workforce in the U.S. was cut by over 100,000, with more layoffs and plant shutdowns to come.

In fact, some have claimed that he used those profits to effectively relocate manufacturing jobs out of the US and into Third World nations whose labor was dirt cheap. "Not only was GE shifting production from the U.S. to the Third World, it is also exploiting wage differentials in the Third World itself."

When Welch retired in 2001 with a net worth estimated at $720 million, one editorial gave this critique of his career at GE:

Welch has left behind communities across the United States suffering from mass layoffs and disinvestment. While it is hard to get a fix on the number of GE layoffs over the last two decades because of the constant churning of its businesses, GE has dismissed well over 100,000 well-paid workers in the United States. It has undermined union power in the United States by shifting operations to non-union subcontractors. It has practically abandoned its once-strong research-and-development infrastructure. It has compiled a shoddy record of repeat violations of workplace safety rules, defense contractor safeguards, and other public interest regulations, with workers’ lives put at risk and taxpayers bilked as result.

And to top it off, that bilking continues:
Last year GE, with $14.2 billion in worldwide profits, including $5.1 billion in the United States — and paid exactly zero dollars in federal taxes.

It is easy to write off Welch's comments as just another GOP crackpot, but Welch is a prime example of why the labor figures are low in the first place.

2 likes, 1 dislike
Posted by Abe Ologello on 10/07/2012 at 5:06 AM

Re: “Republican extremists, in their own words

"American Christians are assuming a similar stance as did the citizens of Germany during Hitler's rise to power." (Page 158)

I'd like to see the full context to this statement because in fact, it is essentially true. Historians tend to white-wash over the fact that Hitler portrayed himself early on as a Christian crusader. He justified his policies against Jews as simply doing God's work, and completing what the Catholic Church had done for centuries. The Catholic pope signed agreements with both Mussolini (creating the Vatican City) and Hitler, which swore not to criticize Nazi policies in exchange for a hands-off policy for the Church. April of 1922 Hitler said.
"My feelings as a Christian points me to my Lord and Savior as a fighter.

and
As a Christian I have no duty to allow myself to be cheated, but I have the duty to be a fighter for truth and justice...

http://nomadicpolitics.blogspot.com/2012/0…

So Hubbard could be correct- though he probably didn't mean to offer it as a warning against the approaching fascism in the USA.

6 likes, 2 dislikes
Posted by Abe Ologello on 10/07/2012 at 3:06 AM

 

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