We hear the Dow Jones Average, but why not the Doug Jones Average?

Jim Hightower

Jim Hightower Author, Commentator, America’s Number One Populist

Language matters. For example, the words that corporate and government officials use to report on the health of America’s economy can either make clear to us commoners what’s going on – or hide and even lie about the reality we face.

Consider the most common measurement used by officials and the media to tell us whether our economy is zooming or sputtering: Wall Street’s index of stock prices. The media literally spews out the Dow Jones Average of stock prices every hour – as though everyone is waiting breathlessly for that update.

But wait – nearly all stock is owned by the richest 10 percent of Americans, so the Dow Jones Average says nothing about the economic condition of the 90 percent majority of Americans. For us (and for the true economic health of America as a whole) we need to know the Doug Jones Average – how’re Doug and Dolores doing?

As we’ve seen, stock prices keep rising to new highs, while wages and living standards of the middle class and poor majority have been held down by the same corporate and political “leaders” telling us to keep our eye on the Dow. To disguise this decline they play another dirty language trick on us when they issue the monthly unemployment report. Currently, with the unemployment rate down to four percent, they tell us America’s job market is booming!

But wait again – that only reflects the number of jobs, not the dollar value of those jobs in terms of wages and benefits. Having lots of people doing poorly paid work is hardly a healthy job market. Notice that they don’t measure the stock market by the number of stocks out there, but by their value. And they should measure our job market the same way in order to get an honest picture of how Doug and Delores are doing.

Of course, they’d only do that if they gave a damn about all of us Dougs and Deloreses. And that speaks volumes about their bias for stock-owning elites.

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Reposted from the Hightower Lowdown

National radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow, Jim Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be – consumers, working families, environmentalists, small businesses, and just-plain-folks. Twice elected Texas Agriculture Commissioner, Hightower believes that the true political spectrum is not right to left but top to bottom, and he has become a leading national voice for the 80 percent of the public who no longer find themselves within shouting distance of the Washington and Wall Street powers at the top. He publishes a populist political newsletter, “The Hightower Lowdown.” He is a New York Times best-selling author, and has written seven books including, Thieves In High Places: They’ve Stolen Our Country And It’s Time To Take It Back; If the Gods Had Meant Us To Vote They Would Have Given Us Candidates; and There’s Nothing In the Middle Of the Road But Yellow Stripes and Dead Armadillos. His newspaper column is distributed nationally by Creators Syndicate.

Posted In: Allied Approaches

Union Matters

Steel for Wind Power

From the USW

From tumbledown bridges to decrepit roads and failing water systems, crumbling infrastructure undermines America’s safety and prosperity. In coming weeks, Union Matters will delve into this neglect and the urgent need for a rebuilding campaign that creates jobs, fuels economic growth and revitalizes communities. 

Siemens Gamesa last month laid off 130 workers at its turbine blade manufacturing plant in Iowa, just months after GE Renewable Energy decided to close an Arkansas factory and eliminate 470 jobs.

The companies reported shrinking demand for their products, even though U.S. consumption of wind energy increases every year.

America’s prosperity depends not only on harnessing this crucial energy source but also ensuring that highly skilled U.S. workers build the components with the cleanest technology available.

Right now, the nation relies on imported steel and turbine components from foreign manufacturers like China while America’s own steel industry—well equipped for this production—struggles because of dumping and other unfair trade practices.

Steel makes up the bulk of turbine hubs and the wind towers themselves. It’s also used to make the cranes and platforms necessary for installing the towers.

Yet the potential boon to America’s steel industry is just one reason to ramp up domestic production of wind energy infrastructure.

American steel production ranks among the cleanest in the world, while China has the highest carbon emissions of any steelmaking nation and flouts environmental regulations.

The nation’s highly-skilled steelmaking workforce must play an essential role in the deeply-needed revitalization and modernization of the nation’s failing infrastructure. Producing the components for harnessing wind energy domestically and cleanly is an important step that will put Americans to work and position the United States to be world leaders in this growing industry.

 

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There is Dignity in All Work

There is Dignity in All Work