Monday, September 3, 2012

What We Celebrate on Labor Day

Labor Day in Detroit 1960 JFK stood in what became Kennedy Square and affirmed the role of the Labor Movement with the proclamation; "Those who would destroy or further limit the rights of organized labor - those who would cripple collective bargaining or prevent organization of the unorganized - do a disservice to the cause of democracy."

JFK equates the Labor Movement as being Patriotic and Pro-Democracy. Now 62 years later, 98% of America's workforce will need to renew the fight. Look at Wisconsin and what Mitt Romney's business record. Romney's experience and overall remedy for our Economy is to erode the collective power in order to destroy what has become a Human Right in America!

Any candidate who undermines organized Labor, Collective Bargaining, Dismantling of the rights of organized Labor is suspect in their motive. They are NOT Patriots or in support of ordinary citizens. Rather than protect Wages & Benefits they advantage themselves their access to Foreign Bank accounts!

In 1963, JFK reported, “The average factory wage is at an all-time high of more than $100 a week. Prices have remained relatively stable, so the larger paycheck means a real increase in purchasing power for the average American family. 

Yet our achievements, notable as they are, must not distract us from the things we have yet to achieve. If satisfaction with the status quo had been the American way, we would still be 13 small colonies straggling along the Atlantic coast.” 

I researched how to calculate the difference in the value of the dollar over the course of several years. What I found is there is not just one way to calculate the value of $1 in 1963 to the value today. I found five sites and from the Federal Reserve they calculate that $1 in 1963 equates to $7.85 today.
Therefore, in 1963 the “average factory wage” of $100 per week computes as ($100 /40 hr) $2.50 per hour. The Federal Reserve’s calculation based on inflation and cost of living computes that same average amount to be $785.00 per week or $19.63 per hour. How many of you earn the equivalent wage?
More importantly, do you believe that Mitt Romney’s plan to rescue the American economy contains a long-range goal to restore the growth of those times? 

Do you believe Mitt Romney’s business knowledge; his philosophy of business is one that supports democratic values and principles on which our country is founded?

Do you believe Mitt Romney’s so-called business experience with Bain Capital and his personal track record is one that supports a fair collective bargaining process and one that has any priority or in interest of all America’s workforce to raise wages, increase  benefits and to move our country FORWARD?
I think not. I believe not and I know not! History does not support the Romney overall economic strategy.

If I were President Obama, I would remind Americans that in spite of any or all of Mitt Romney’s economic promises his true record and future goal is to disengage the country from the economic realities. Much of what Romney proclaims is propaganda. He boasts of his sound business practices based on a record with Bain Capital where the mission statement is not to protect, create jobs. It states the purpose of the Romney Bain Capital is place profit above everything to enrich their investors. 

The true Mitt Romney conducts his election campaign with a “spin” on the issues. He exceeds the average of any politician to customize his views based on which audience he is to address. His campaign run by the Super-Pacs is the same “bait and switch routine” as that of his Wall Street investment backers that crushed the economy in 2008. 

I am willing to wager on this Labor Day 2012, if Mitt Romney is to make a statement or speech he will not mention jobs, collective bargaining rights, the advances made in America in the same sentence. I am so confident that just as him I will wager $10,000 in 1960 dollars against Romney’s $10,000 in 2012 dollars. If I am correct and win the bet, Mr. Romney will surrender $7,850,000 in 2012 dollars. 

More on this topic to come.