"WHEEL IN THE SKY' journey
My granddaughter has a pet hamster named Winston. Now hamsters for the most part are nocturnal, meaning whatever they do what they like to do in the dark.
Now Winston has all the latests hamster gadgets for a comforable standard of living. Houses, ladders, wheel. Now the wheel which he will get on at around 10 p.m. and run on it all night long. I often wonder if he realizes that he's not getting anywhere. Now for the reason for this Winston story?
Last week the Labor Department released that only 80,000 jobs were created last month. Democrats tried to put a positive spin on the story but that's pretty hard to do with a country with over 8% unemployment and a country with over 300 million souls living in it.
Republicans claimed again it was the failure of the Obama administration to entice businesses to invest in new jobs.
My point? Why bother? Why should anyone creating jobs. Along with what does any of this have to do with Winston and his wheel?
Well in a story a few weeks back about a company named Sensata Technologies in Illinois that makes sensors for aircraft, automobiles, and electric motors. This company was recently purchased from Texas Instruments by Bain Capital.
Bain informed the approximately 170 employee's some of which have been employed by Sensata for over thirty years that by the end of the year their jobs would be phased out and moved to China. Lets add those jobs to the over 4 million jobs lost to China since 2001.
My question is our economy on a wheel that no matter what we create, we just run and run and won't get anywhere, pretty much like Winston?
Along with investment companies as well as industrial giants who like to operate in the dark?