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The G is for Globilization

I recently saw Jeff Immelt, GE CEO, interviewed by Michael Eisner on CNBC. It was clear from his remarks that GE is benefiting from the policy that's called "globalization." You know, the stuff of "free trade," NAFTA, the WTO ... all the labor force wrecking policies Kucinich proposes to reverse.

Knowing, too, how often former GE CEO Jack Welsh appears as a guest on CNBC, one might say GE is a darling of Wall Street.

All thoughts aside of how this cozy relationship might turn toxic in the coming credit bubble unwind, Kucinich's H.R. 3400 legislation for "Rebuilding America's Infrastructure" and its Federal Bank for Infrastructure Modernization surely do not win accolades on Wall Street.

First, the FBIM threatens to return the Power of the Purse to the People.

Foremost, H.R. 3400 forwards capital-intensive investment serving the benefit of all. This is something Wall Street simply HATES.

Capital-intensive investment begets more capital-intensive investment. Wherefore, then, will come financing for those grand speculations serving to enrich a few and bankrupt a nation?

This is why Kucinich was run out of the race for the presidency.

Support H.R. 3400. This legislation is just like FDR's Reconstruction Finance Corporation, which rescued the nation from the depth's of the Great Depression.

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