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Finally some one with common sense.Our goverment has prostituted itself to Wall Street.One day the American people are going to get sick and tired of goverement allowing our jobs to leave and there will be riots in the streets that will make the60`s look tame

Yep thats the ticket, the government can force businesses to keep jobs in the US. Whats the exact method? Magic wand? Fairy dust? Socialist dolt! Just look at the car industry, foreign cars are made more cheaply and with higher quality. And who is the number one car maker now? Toyota. the problem is not workers, business, or consumers. Its unions. Toyota can use American workers to make a car 2/3 cheaper than Detroit does. Why? No union.

Part 1.
The writter of this article apparently does not know the history of Jimmy Hoffa and the Teamsters Union pension funds. When Jimmy Hoffa ran the union he ran the pension fund and never lost one cent of pension fund money. He made the loans (and got kickbacks for making the loans) but he collectected every single cent he lent out and got an averag 10% return. see part 2

Unfortunately for Gary Sattler, the writer of this blog, Hoffa is very much spot on in his assessment of the current economy and the relationship between Wall Street, the minority of Americans who gamble on Wall Street's speculative paper, and the lack of corporate citizenship in our country. The mortgage companies pocketed obscene profits during the sub-prime frenzy. They should be able to bail themselves out. Cutting jobs and paying tens and hundreds of millions to CEO's is obscene and irresponsible. Multi-national corporations do not have the best interest of the US economy at heart, and they do not deserve to be rewarded for their outsourcing of US jobs. Granted, labor unions walk a fine line when affecting corporate profitability, but the labor unions have played a positive role in increasing the standard of living in this country. Checks and balances are needed. Operating under an imbalanced trade deficit, it is logical that US corporations become multi-national and outsource jobs and manufacturing to compete in a global marketplace. It is up to our Congress and Senate to identify the current economic landscape and take measures to correct it. Unfortunately, most of our current legislators are nothing more than puppets for their contributing constituency. They do not understand economics and would not know where to begin taking steps to improve our situation. They need to recruit a panel consisting of some our country's best business minds to assess and address our crisis.

"Ronald Reagan's rhetoric on trade was about as good as you can imagine," says economist William Niskanen of the Cato Institute, "but his record on trade was terrible." Niskanen should know, having served as chairman of Reagan's council of economic advisers. Reagan imposed quotas on steel imports, pressured Japan to "voluntarily" restrict auto shipments to the United States, tightened limits on foreign textiles, accepted new barriers to imported sugar, gave special protection to Harley-Davidson, raised duties on shakes and shingles, and negotiated a deal with Japan to force up domestic semiconductor prices. "For the first time since World War II," noted Niskanen in his 1988 book Reaganomics, "the United States added more trade restraints than it removed." To find an administration with a worse record on free trade, you have to go back to another Republican—Herbert Hoover.

Trading Places
If you love free trade, elect a Democratic president.
By Steve Chapman

No the real tragedy here is that you morons dont see the big picture here, who do you think runs and influences the very government that you are blaming, wake up people im so sick in tired of you idiots believing everything u read and watch on CNN, FOX NEWS and the rest of the global elite ilk that u ignorantly dont percieve, without doing any research on what your discussing, ITS THE CORPORATE SPONSORED SPECIAL INTEREST GROUPS THAT RUN WASHINGTON and the world for that matter, THE POLITICIANS ARE THE PUPPETS, SO IN ACTUALITY, without agreeing with everything that silver tounged devil hoffa says, hes actually right abt this particular thing, its "corporate worldwide"(which is owned by the world banking system) that influenced and lined the pockets of the very politicians that passed the trade agreements like NAFTA and the like that sent the american jobs over seas, PLEASE WAKE UP!!!

I do not blame administrations for the mess we are in.I blame the Federal reserve bank.They hold complete control over the money and the interest rate.Everytime they print a dollar that dollar in your pocket is worth less..They raise the prime rate and that mortgage and car payment gets more exspensive..The housing and banking crisis are a direct cause of the failures of Federal Reserve bank..We will be paying for their mistakes for the next 30 or 40 years..Abolish the federal Reserves charter and put control of our money back in the hands of the people it belongs to..

Hoffa has proven that the "Peter Principle" is alive and well in his Union.

Do you people not understand that the foreign auto makers have subsidized housing,Nationalized health care and a goverment that does everything it can from manipulating money exchange rates to putting up all kinds of roadblock to our car's being sold in their countries.To see the whole picture you must look at all of it.