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Too Much Investor, Not Enough Jobs

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John Daly

John Daly

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We’re focusing too much on investor value and not on American value – or jobs.

Two stories might prove this.  First, the Affordable Care Act.  Sure, it is a debacle. But it was a debacle from the start when the Obama Administration made a deal with the health insurance industry.  They make profits.  Cutting costs for them does not lead to profits.  Thus you see policies being cancelled.  It was inevitable.

The second story is the merger of American and US Air.  The new airline will be the biggest in the world.  DOJ forced the new airline to give up some routes so there would be more competition.  The truth is the airline stocks soared.  What we haven’t seen yet – are job layoffs and increased fares for travelers.  Granted, DOJ had no real case to stop the merger – because of the precedents set with United and Delta mega-mergers before. 

The system is gamed against workers – and entirely for the investor – because of big corporate and special interest money.

Our informed Not Inflamed financial expert – Hugh Anderson -- is with High Tower Las Vegas, a financial consulting firm.

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