I read your bit at
http://doughenwood.wordpress.com/2009/08/30/de-mortuis-teddy-kennedy-dereg/
and not that I doubt you, but where exactly did that money go that they're no longer paying drivers, air traffic controllers, pilots etc.?
If wages fell, profits should have risen...? I know the world is never that simple, but I'm curious to know what happened? Couldn't just be oil prices, cause that took off in the 70's....
Joanna