We need higher wages, trade rules that favor nations that pay decent wages

[JDPriestly]

and less credit. Everybody is talking about getting credit going again. That is the last thing we need -- another credit binge.

Look, we are a nation of creditcardaholics. The whole nation needs to get on some kind of 12-step program (whatever that is) with regard to credit.

Be sure to read the article in the April edition of Harper's entitled Infinite Credit by Thomas Geoghegan. I posted about it earlier:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5278427&mesg_id=5278427

In this article, Mr. Geoghegan makes a strong argument backed by evidence that the origin of our economic problems lies in the fact that interest rates on credit cards have been permitted to go as high as the market will bear. Instead of investing in manufacturing, Americans invested in banking. Instead of working in manufacturing, Americans began chasing the big money in the financial sector. It is a great article. Please, please read it. You have to buy the magazine or subscribe to get a hold of it I think, but Harper's is well worth it. If you don't have the money to buy a copy, find a friend and share the expense.

I am not associated with Harper's in any way other than as a subscriber to its magazine.

[AlphaCentauri]

1. it's incredible how unproductive man wearing suits make more money

than people who produce all the goods