Originally Posted by
jsled
Only point on the B Fund was the fact that the DOW has increased by about 10,000 since March 2009. A very impressive run. As for KCM, ALPA has been working on that for over a decade. (Remember Crew Pass). The point being, it took a labor friendly Administration to make it happen. As for FAR 117, it is regulation. Not an easy sell during a Republican admin. But when the President appoints a former union chief to run the FAA...viola.
Yes that's correct. Labor friendly folks can administer labor friendly policy and put it in place easier when unions are pushing for that. But, economic friendly folks can also put in and administer economics friendly policy too. That's where the global and national economies are right now.
Labor has made all the gains that labor is going to make from a regulation stand point for a very long time. I've seen too many domestic jobs being shipped overseas for my liking. I've had too many family members lose their jobs because their industry or their profession can make the "widget" or product cheaper in Mexico or China. Why do those companies leave the USA? I am told by them who hear it from their management that the regulatory enviornment and the cost of doing business here is both too onerous and too expensive so they move their businesses overseas. Combine that with tax policy and we can see why jobs are leaving and continue to leave.
If businesses had an incentive or even a reason to stay, or could compete equally and fairly with foreign competition they would stay in the USA. Maytag is now made in Mexico. Cars that used to be made in the great democratic stronghold of Detroit are made overseas. I want to see jobs in the USA. Manufacturing in the USA. A higher quality of life in the USA.
I think jobs and services and product manufacturing are outsourced because of onerous and often ridiculous regulation, and taxes. We know that businesses have to make a profit. Pretty soon we'll see robots at McDonalds. Those jobs just get eliminated.
That's what I am talking about. When these jobs get eliminated or moved overseas they are gone forever. So that has a very negative impact on our economy and the lives of those who used to make that product. The real unemployment rate (labor participation rate) tells the story. Those jobs are gone, and those that are now unemployed won't be buying a ticket on united to go from Chicago to Orlando to go see Mickey Mouse this summer. They will be at a job fair or going back to school to learn how to study hotel and restaurant management or trying to compete with the illegal foreign labor who is out doing manual labor that our under-educated and high school dropouts used to perform. Heck, even our high school drop outs can't compete for grass cutting and lawn care jobs anymore. Hard to under-cut and out price the foreign competition.
Our economy needs a catalyst to grow and a favorable climate to compete in. Not only for the financial health of the airline industry in the USA, but for all of the industries in the USA. All of those employed who have jobs are potential United customers and they can't spend money they don't have - unless Obama gives them vouchers for free and subsidized airline travel.