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Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

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Bush Bests Kerry

Behind Colin Powell's Legend
Gauging Powell's reputation.

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Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
Behind President Clinton's impeachment.

Nazi Echo
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The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

From free trade to the Kosovo crisis.

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The Unions and the Economy

May 6, 2009

The future success -- or failure -- of the U.S. economy rests on the dual nature of the American worker, both as someone who makes products and as a consumer who buys them.

New School economist Richard Wolff says today’s dilemma is that even if the auto unions get some seats on the boards of Chrysler and General Motors, the pressure will be immense to reduce wage levels dramatically, thus setting lower pay standards for other parts of the industrial sector.

(The story summary continues below.)

More at The Real News

Wolff says the likely decline in wages will further harm the economy because fewer and fewer Americans will have the resources to buy the products that the workers make, setting in motion a dangerous downward spiral. is an independent news network that produces stories of global interest. 

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