Saturday, January 30, 2010

AFL-CIO president Richard Trumka on Bill Moyers

Here is the link to the video: Bill Moyers Journal.  Richard Trumka: "There are two economies in this country. There's the real economy that makes things. And there's the financial economy that was supposed to provide them with the capital to make things. This was subservient, and the real economy was supposed to be the master. Somewhere along the line, that got turned on its head. And the financial community became the master. And they actually started sucking money out of the real economy, 'cause you could get a better return passing complex instruments around, rather than making steel or autos or anything else. So, it's up to us to correct that imbalance. To make it so that the real economy is actually the dominant economy. And the financial economy is a servant to enable them to do their job."

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