Flashback, Richard Trumka: "Wall Street Hijacked the Economy!"

Richard L. Trumka, Secretary-Treasurer of the AFL-CIO, was one of the featured speakers at the "International Workers Day Celebration" event, held on May 1, 2008, at the National Labor College, in Silver Spring, MD. He ripped into the evils of Globalization and the harmful effects that it is having on the economy and in particular on the lives of working class Americans. Mr. Trumka also charged: "Wall St. has hijacked the economy!" He is the former President of the United Mine Workers of America (UMWA)

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News & Politics

Tags:

• AFL-CIO
• Richard
• L.
• Trumka
• Secretary
• Treasurer
• Economy
• Wall
• Street
• globalization
• free
• trade
• recession
• Bob
• Rubin
• Henry
• Paulson
• Goldman
• Sachs
• William
• Hughes

[jdcremin]

Wrong. The govt. should protect the people and their jobs (the people's will); that's that word sovereignty you may have been curious about. It not simply, "oh, Mexico has cheaper laborers, Ford should move its factories to Mexico". Of course, if you want global monopolies with a global working class and a few elites owning the monopolies then you SHOULD be happy. One more thing, how much education does a person need in order to get a job that will bring in enough money to raise a family?

[cathairinmyfood]

Neo-cons have encouraged a policy of militarization, indebting the US government/people. Neo-cons have encouraged the outrageous Federal Reserve policies of fiat and no regulation leading to fiat and the looting of the treasury, the people, pensions funds, state and local governments, foreign governments, the small saver. Neo-cons are the ultimate shysters. The Kings of Wall Street - shysters. The Military Industrial complex - shysters.

[dgl1962]

Over half of the OWS crowd will vote again for Obama, even though his largest contributor is Wallstreet and even though he voted for the bailouts as well.

How's that for mindless democratic protesting?

[dgl1962]

Trumpka is a big mouthed, economically clueless union bonehead who stands for nothing but the continued enslavement of non-union US taxpayers to union thugs using their democrat abettors in congress.

I laugh every time that I see the union membership rates drop another point.

Shitheads like this can't stand on their good work, they can only coerce corporations into hiring them and keeping them employed.

[kangalanatolian]

Taking on the debt was encouraged by government. The fed subsidized taking on debt. No "deregulation" happened. The fed HAS no regulations on it. But then the fed should not exist. They are banksters.

[MozzerRocks]

Trumka is an American hero. He is 100% dead right. God though I wish he wasn't.

[xxx12345yyy]

The point about the textiles seems flawed to me. If they can be made cheaper in Spain than England, then they should be made there. And where is it written that Americans are supposed to make more money than people in other countries? All I see around me are fat lazy stupid asses who can't do simple math and don't know the difference between the Civil war and the Revolution. Give me a break, if you want to be middle class, get educated and work hard and be happy you have enough to eat.