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...While people argue about "capitalism" vs. "socialism", waving flags, not even knowing what they're behind half of the time, the spiral you mention continues.
There will be MANY victims here, regardless of their persuasion, and extremely few winners.
...There are many giant corporations today that are just hanging in there by the skin of their teeth because of their debt overhead. The fact is that many of these companies now send more money to the banks every quarter in the form of interest payments on their loans than they send to their stockholders as dividends on their stock. Think about that for a minute. The banks which had no part in the operation of the company whatsoever, the banks which made this money out of nothing are making more money from these industries than the people who work for the money, save the money, invested the money and risked the money to own those corporations. This is because they quite successfully reversed the trend toward private capital formation and they did it with a flexible currency. The Federal Reserve System gets an A+ on its report card for objective number two: ..entice people back into the banks to borrow money and to reverse the trend toward private capital formation. www.bigeye.com...
Originally posted by gncnew
Originally posted by w4HoO
I don't know OP. I'm not an Obama fan, but I think you're reading into this too much. In the excerpt of the speech that you posted; I didn't take the whole Marxist message like some others did. I only see it as him using his status as Prez to promote better conditions for workers. He wasn't talking about making it a policy. He was only making recommendations to business owners. There's nothing wrong with promoting your ideas and concerns, it's when you get behind the pen and begin mandating these policies that Constitutionality becomes an issue. Maybe I missed something, or I'm reading it wrong, but that should be the only thing a President is good for; preaching from the bully pulpit.
I guess I'm just very cautious about POTUS "suggestions" - especially when they're tied to speeches about fiscal policy.
Example:
I'm the president of your bank. I say "before I look at reducing interest rates on your loans I suggest you look at increasing your payments".... what would you take from that.
Originally posted by gncnew
Originally posted by TarzanBeta
Usually, but definitely not all friend.
I know a couple of geniuses who have figured out life working close to minimum wage.
And their lives are an adventure for sure.
There is a quote from a movie somewhere... "Your education will most certainly interfere with your learning."
You're speaking almost entirely of the exception though - not the rule. For the sake of "argument" can we please forgo the rare exception?
Originally posted by gncnew
Unions are good? Really - tell that to Detroit.
I'm well aware (as a "worker") that companies need the workers... but I'm also well aware that my job is a contract for services between myself and the employer and if I feel that contract is due for renegotiation - then it's on me to start the talks - not them.
Originally posted by bigfatfurrytexan
reply to post by gncnew
The individual is not dead. The few DO matter. It is the basis for the Electoral College (to prevent mob rule), not to mention the freedom of speech.
They may be trying to kill the individual in their bid for a world government....but that is the fight that I am fighting.
Originally posted by Vicky32
Originally posted by gncnew
Unions are good? Really - tell that to Detroit.
I'm well aware (as a "worker") that companies need the workers... but I'm also well aware that my job is a contract for services between myself and the employer and if I feel that contract is due for renegotiation - then it's on me to start the talks - not them.
You're very naive if you think the mess in Detroit is the fault of Unions! I know that y'all have been trained to believe that Unions are at best, criminal organisations - I watch American TV as well, it's all we get here in NZ.. But it's not so, unions are the only things between workers and starvation sometimes!
This thread has grown ridiculously since yesterday when I posted my first response, and I have not had the chance to read it all, but I've seen some absurd insults against minimum wage workers. Here, the minimum wage had just gone up to $13.00/hour - which is absurdly low.
(Though I am sure to y'all, that's seems absurdly generous... I heard Oprah say back about 2001, that your minimum wage was around $5.00/hour. That's virtual slavery. I've heard unemployment in the USA is around 19%, so I am sure that there are thousands of educated intelligent people who have no choice but to work for minimum wage, and furthermore, get insulted by the Right Wing, for having to do so.
What's with y'all? It could happen to you any day..
V.
Originally posted by bigfatfurrytexan
reply to post by TarzanBeta
You are right. Unions are an abomination in the modern workforce. At one time, workers had to band together and fight for some rights. But anymore, unions do nothing but create a system of entitlement among the sectors that they "represent". Because of this entitlement, innovation and efficiency suffers. As well, things like compensation and pay structures end up locked into overly rigid models that tend to create hardships. Take the current difficulty in paying the promised retirements to UAW retirees.
What i need to know about Unions: business do not like to place employees in unions states. You end up paying more for employees that, while they may perform marginally better in the entry level positions (and have less absences and longer tenure), above that point you have the drag of the entitlement culture taking effect.
Texas is a "right to work" state. We have very business friendly practices. And we are looking pretty good, economically, because of this. Illinois, on the other hand, is a union state. Look at the austerity measures that they have taken.
Originally posted by conspiracy nut
reply to post by Vicky32
Detroit during its heyday was a model of hope and prosperity for the working man!!! its the corporations that packed up and left to make their cars for half the price overseas! you say they were scared off by the unions, i say they were scared off by profits. it just doesent make sense to pay the average man a decent salary to them. god forbid the average working man have a nice home, clothes and cars. bah humbug! what they really need is a slave race of people to do the work for them so they can stay "competitive".
Originally posted by notsoperfect
reply to post by galadofwarthethird
We have to create a society where the job is a right not a privilege. Or where the concept of the job is not even necessary because every body will be fed and housed for the minimum and so work is part of the joy like an extracurricular activity. I'm dreaming but it will become a reality.
Nice try... I really like the elitist condescension in the evening with a nice cold beer... I find that if you have to preface your entire statement with that - you're probably full of smelly brown stuff.
...There are many giant corporations today that are just hanging in there by the skin of their teeth because of their debt overhead. The fact is that many of these companies now send more money to the banks every quarter in the form of interest payments on their loans than they send to their stockholders as dividends on their stock. Think about that for a minute. The banks which had no part in the operation of the company whatsoever, the banks which made this money out of nothing are making more money from these industries than the people who work for the money, save the money, invested the money and risked the money to own those corporations.