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Response to the NYT Editorial Elites |
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Written by Stumo
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Monday, 28 April 2008 |
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The out-of-touch NYT Editorial on trade, which I commented upon in a prior blog entry, generated some email commentary from "fly over country" in middle America.
Here is one email.
They just don’t care. After all they live in a river of
money and these are just numbers. They forgot that these numbers
represent people’s lives and that people suffer – unlike numbers.
They have no idea what is happening in “fly over” country. They
haven’t driven through small town America to see the devastation of
their policies. I am convinced the bigger the market/city – the
less aware people are of this problem. This is why people in
Colorado Springs are more aware of the problem and willing to join the
fight and some folks in Denver are still saying that it is good to
“thin the herd”. These Wall Street economists need to visit small
town America and find out how the other half are doing.
The author implies that one job is as good as another and a reduction
in pay (life style) is a minor adjustment. Tell that to the Tool
and Die maker stocking shelves at Home Depot. Better yet ask the
author to take a 50-75% pay reduction so he will understand people’s
anger over sending middle class America’s best jobs overseas.
When I discuss this with my friend who manages my portfolio, he says it
isn’t a question of whether he agrees with my position on this matter
or not, it is more a question of who you are. This is his way of
recognizing the Wall Street/Main Street aspect of this. He
doesn’t mind the status quo. He lives in a 10,000 sq. ft. home in
a gated community in the Broadmoor area of Colorado Springs. I
care because I have downsized my home, my business and my life
style. Thanks to his success and my sharing in that a little, I
am still in business.
The author also suggests we need to step up the safety net as a result
of job displacement. We don’t need hospice for America’s
producers. We need to replace some people in Washington who have
lost touch with Main Street, America.
And another.
It isn’t clear to me that anyone in the physical proximity to Wall
Street and that river of money understands what’s happened, let alone
the truth about what’s happened on Main Street.
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