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Originally posted by blanddad
Enron fell because they had developed shell companies as customers. Sarbanes Oxley is a direct result of Enron and it is not because everybody sold off their stocks.
If the company fell because of people selling their stocks, then why are the Executives in court and in jail?
Originally posted by shai hulud
I am thoroughly in Sleeper's corner with this one. It is not like we are going to find an alternative fuel solution overnight. I am pretty sure that most people that are screaming at the big corporations( especially the oil giants) like Pelosi do not walk to work. It is kind of hard to take the left( and it is the LEFT, not democrats as a whole) seriously when they scream about how horrible things are and how we need to kill the big corp's, and then take off in their gas guzzling SUV's. If Pelosi wants to be serious, how about extending the amount of time it takes for a congressman to get their pension. The last time I checked it takes 20 yaers for the average joe or jill to get a pension even in civil service or putting your neck on the line in the armed forces. If memory serves, it takes 6 years for a person in congress that has been voted out to collect a fat pension from the taxpayer.
As far as the oil companies go, open up ANWR, drill in the gulf. We are almost completly at the mercy of the islamic world and pretty soon our old Russian buddies because the left and moderate republicans do not want to upset a nematode somewhere. Drilling has gone way beyond the old days of the strip mine mentality, and we do it quite cleaner than most of the world(check out the enviromental policies of other countries besides the US).
I hope that Pelosi can see for the time being that we as a nation (and most of the world as well) rely on the life blood that is oil. If not, enjoy walking to work if you still have a job through downtown DC. You better be armed, but that is a whole 'nother thread.
Originally posted by 2stepsfromtop
Aside from the hilarious postings by the OP, you kill me! Really you do!
There are demonstrably quite a few arguments where a little learning in the art of Economics would be aptly applied.
Michael Eisner - Laid off 2500 people from Disney Animation for an estimated payroll savings of $125,000,000.00
(if each person made 50,000peryear)
He then received a Bonus of (now count carefully) $500,000,000.00
for an offset of -$375,000,000.00 ...
Now what contribution to the economy would 2500 employed people make versus 2500 Unemployed people?
What contribution has Mr. Eisner make, aside from divisiveness on the Disney Board.
One other thing, way back when only individuals owned Stock, they could have an affect on the operations by Effectively managing the Board of Directors, now that we have Mutual Funds, the Board runs itself.
[edit on 27-12-2006 by 2stepsfromtop]
Originally posted by crgintx
Falling for the wholely false left/right political paradigm are we?
Originally posted by blanddad
Are you saying that Enron did nothing wrong?
Getting in over their heads and cooking the books were two separate events.
Originally posted by sleeper
[Last time I looked companies here in American can’t find enough people to fill the jobs they create.
If you find me hilarious you should take a closer look at the baloney you posted above. Now if you are a neo-Bolshevik then I can understand where you are coming from---
Details of a renewable fuels fund have yet to be worked out. Nonetheless, it's one of the initiatives the House will take up during its first 100 hours in session in January, according to aides to Speaker-elect Nancy Pelosi. At least some of the money - revenue gained by rolling back some tax breaks - will go to a program to support research into making ethanol from sources other than corn.
"What we'll do is roll back the subsidies to Big Oil and use the resources to invest in a reserve for research in alternative energy," Pelosi, a California Democrat, recently told reporters.
www.truthout.org...
Originally posted by sleeper
Now that’s progress.
Originally posted by Hal9000
It's funny how you accuse Pelosi of stealing from our pensions by making a very loose connection, but fail to mention the truth that rolling back the oil tax breaks that Pelosi and Co. are suggesting will go toward developing alternative fuels.
You have voted 2stepsfromtop for the Way Above Top Secret award. You have one more vote left for this month.
Originally posted by shai hulud
Nice Sleeper, I consider myself a Southern Constutionalist with very little Constitution left.
Originally posted by Hal9000
Nice attempt at deflection, but it doesn't have anything to do with this. Even GB said we are addicted to oil and need to invest in alternative fuels. The tax break rollbacks will be used as an investment in our future. We can modify our investment portfolios and buy stock in startup companies developing alternative fuels instead of oil, which will probably drop because of the new technology. Any money you think will be lost will be gained in other areas. If someone’s pension is locked and is only invested in oil, I suggest they start a separate IRA and diversify.
Originally posted by wingman77
Corporations do not have the best interest of the people in mind because of the inherent manner in which they operate. A corporation is akin to a authoritarian government, it's hegemonic structure perpetuates dishonest and uncaring leadership.