Some cool precision fabricating pictures:
Secretary Robert Reich
Image by jurvetson
And a stand up comic to boot!
He opened with:
“Clearly the economy has worn me down. I used to be 6’2”
“Politics comes from the Greek operate ‘poly’, meaning numerous. And ‘tics’. Small blood sucking insects.”
“The fiscal cliff is all micro techniques. It’s a game – a game with a high stakes – but a game. The genuine problem looming out there is on the demand side there is not sufficient aggregate demand to buy what we can make with full employment.”
“80% of U.S. workers are hourly workers. If you are a male hourly worker, you are paid less these days than in 1980. Wages have not beat inflation more than 30 years. But the economy is twice as large. Consumers are 70% of our economic activity, and till 2008, the U.S. consumer kept on acquiring. How could this be? There were 3 coping mechanisms to stagnant wages, and none of them are sustainable sources of development:
1) Women entered the paid work force
two) Average perform hours per week grew to surpass even Japan
3) We took trillions of dollars from our homes with mortgage debt”
“Not every single nation can be a net exporter.”
“I have two new hips. They are lovely. I want I could show you. I had to ask the physician where my hips came from. It’s like a element of my personal identity. I wondered if I met domestic content material requirements. The hips have been fabricated in Germany. Germany has the very best precision manufacturing in the world. They have high wages. Their education method is globe class and has higher minimum competence in technical education. The top 1% have 11% of the wealth, not 24%. And they have sturdy unions. But my hips were made in France. I have French designer hips.”