Fort Worth just got some bad news yesterday. The city will be losing 650 good jobs. Lockheed Corporation just announced they will be laying off 850 engineers from their program to build the F-35 fighter aircraft. Around 200 will be absorbed into other programs, but the other 650 are just out-of-luck.
With our country headed straight for what could be a prolonged recession, this is not the kind of news any city wants to hear.
For years, the Bush administration has encouraged corporations to ship good jobs overseas. Now the recession compounds this problem by starting to cause the loss of other good jobs. This might not be a problem if the economy was replacing these good jobs with other good jobs.
But that is not what is happening. The economic policies of the Bush administration has produced very few jobs. And the jobs it has produced are much lower-paying service industry jobs. That is one reason the recession will be worse and last longer than the Republicans would have us believe.
The Republicans have preached for the last few years that what was good for the corporations was good for everyone, but that is a lie. It is good for the corporations to ship jobs overseas, depress wages and destroy unions. But that is not good for the average worker.
These disastrous economic policies of the last few years cannot be fixed with a one-time economic "stimulus package". There is only one way to begin to fix our economic problems. We must vote the Republicans out of office and stop letting the corporations decide our economic policy.
If we don't, we may find our recession turning into a depression just like it did about 80 years ago. There are those who say it couldn't happen again -- they are wrong.