Who said it?

“How does one decrease the cost of labor in America?  Well first, you have to bust the unions. Check.  Then you have to create a pressing need for people to work – perhaps give them easy access to credit and then get them to go so deeply into debt that they will have to work until they die to pay them off. Check.  It also helps if you push up the cost of living by manipulating commodity prices. Check.  Then, take away people’s retirement savings. Check.  Lower interest rates to make savings futile and interest income inadequate. Check.  And finally, threaten to take away the 12% a year that people have been saving for retirement by labeling Social Security an “entitlement” program – as if it wasn’t money Americans worked their whole lives to save and gave to the government in good faith. Check

Phil at Phil’s Stockworld

read the rest of the post –http://www.philstockworld.com/2010/07/17/its-the-end-of-the-world-as-we-know-it/


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