Janet Yellen is the new Federal Reserve chair; the first woman to hold this position of the world’s largest economy. She has three major goals as head of the Fed that will help the working wage slaves, but with her 36 years of experience and knowledge of the monetary system she can pull it off. One is to get unemployment down from 7 percent to 5-4 percent, which is in contrast to her predecessor Allen Greenspan, who wanted to keep unemployment at 6 percent, which always favored the money over the workers.
Yellen’s number two goal is to get the flat wages up to a living wage with some disposal cash. Her third goal is to get the housing market growing again, which will be a huge boost in jobs, building, and also in needed goods for housing construction, like lumber and appliances.
For the workers to have a person in the top position of finance who understands the need of the workers has never happened before. With the push by fast food for $15 an hour, some states, federal government and even a Washington mayor, who wants to raise Seattle’s minimum wage to $15 an hour for his city, are now pushing for a higher minimum wage.
It is obvious that the tide is turning in favor of the 99 percent, but it is just like the frontline of a football offensive line, the 99 percent must keep pushing the defense back. It is like a snowball rolling down a hill. If it keeps rolling it will get bigger and bigger. We are just about at the point of all the stars aligning for us workers of the world.
In 2012 more than a quarter of all political contributions came from just 30,000 people who represented the 1 percent of the 1 percent, 90 percent who spent the most won. Today, we are an experiment in either a democracy, which started in 1787 or an oligarchy, which is winning. The nonunion people, like Trump and Musk, have most all the tools in their pockets to destroy our unions. They have money, they have the courts, they have law enforcement, they have the media, and 50 percent of workers that don’t know this don’t know the history of the working class people. This is the perfect storm to lose all the gains workers have made whether they’re union or not, even our Social Security and Medicare, and the Affordable Care Act. So, now we will have to go way back to the late 1920s and ‘30s and dig up the old labor party books. One book, written in 1964, has the information, The Rebel Voices, an IWW Anthology by Joyce L. Kornbluh, educator, activist, and advocate. The history of our labor...
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