Large Scale Central

The rich vs the rest of us

General Discussion
#81
Ron Simpson said:
Hans-Joerg Mueller said:
Ron Simpson said:
I mean, I see that you despise the Department of Defense, bankers and other financiers and Sarah Palin and someone named "Shrub," but how about dealing with some reality here?
Ron,

It boils down to the following: I read the Newspapers every day, I listen to the radio every day, I read books every day and I shake my head every day because I can’t understand how supposedly smart people can make the same stupid mistakes again and again and again. It just boggles my mind … but it is possible that I’m just not smart enough to see the finer schemes of all these supposedly smart people. :wink: :slight_smile:


As stated above, I couldn’t agree more.

You’re perfectly welcome to agree, you need to agree with something once in a while. :stuck_out_tongue: :slight_smile: I file that in the same slot as the “big shots” who made the mega bucks on account of them having the heavy responsibilities.

As I’ve been saying for very many years: “There’s a huge difference between talking a good job and doing a good job!” They all talked a good job and the rest is now becoming history!

#82

(http://www.eat-online.net/art/images/food_and_movies/eat_rich/poster.jpg)

#83

http://online.wsj.com/article/SB122688631448632421.html

#84

Ken,
I can find 50 opinions by financial experts that say different.
Tell those dealers, their families and employees that there are too many of them. Come on, what does the number of dealers have to do with the viability of the company? Absolutely nothing.
A large dealer network is beneficial to an automaker. When I buy a new car, part of the decision process includes whether there is a dealer nearby to service it.
Less dealers only benefits the remaining dealers. It is a detriment to the automaker to have less dealers.
If I want advice on how to run a business into the ground, I’ll confer with an ex airline executive.
Ralph

#85

Evidently it isn’t a detriment. Foreign car dealers have less and still have more of the market. But that’s only one small part of the problem, isn’t it?

#86

Ralph, do you have a solution? I’d like to hear your ideas.

#87

Wonder if any of the UAW contracts are in stock options with the company the pensioner worked for? Or is it all just in cash and benefits? I know it wouldn’t be a total solution, but if the pensioner and the employee had a vested interest, they might want to resolve the company problems instead of trying to bleed them dry. I feel as far as the big execs that went to Congress in their private jets. They should be fired without golden parachutes for failing to do their jobs correctly. Currently, I don’t see any reason why they should actually be good at dooing their jobs. They are probably better off to get canned so they can go rape another business once they are let go. Seems to me they are acting like public school teachers - doesn’t matter what the kids learn as long as the teachers get all the Holidays and summer off.

#88

In the UAW’s last contract with General Motors, the UAW assumed the health care costs of retirees. Wage concessions were also made.

The fact is, the US government states a loss of $150 billion in tax revenue over three years if GM closes.
This doesn’t take into account other costs associated with a shut down, including but not limited to unemployment benefits.
Or the costs associated with the failure of Ford and Chrysler.
Sometimes you have to put principals aside and be practical. It would be considerably cheaper to help the automakers.
Factor in the human cost of failing to act…I don’t understand why anyone would argue against it.
If the automakers don’t receive the $25 billion…another bank will.
We are keeping the perpetrators of this mess alive while turning our backs on the victims.
Covering the losses of the wealthy at the expense of the working man.
Ralph

#89

Ralph,
I don’t think anyone is willingly -

“We are keeping the perpetrators of this mess alive while turning our backs on the victims.
Covering the losses of the wealthy at the expense of the working man.”

I feel most people want the Automobile CEOs, the heads of the Unions and the members of Congress that falsely represented Freddie and Fannie fired with no golden parachute. After that, let’s get this mess straightened out.

People are going to still pull money out of the stock market to protect capital gains, until “Wonder Boy” takes over or backs down on his claims to make everybody’s life as good as whats in the hood.

People wanted change, how’s that going so far?

#90
Ric Golding said:
Ralph, I don't think anyone is willingly -

“We are keeping the perpetrators of this mess alive while turning our backs on the victims.
Covering the losses of the wealthy at the expense of the working man.”

I feel most people want the Automobile CEOs, the heads of the Unions and the members of Congress that falsely represented Freddie and Fannie fired with no golden parachute. After that, let’s get this mess straightened out.

People wanted change, how’s that going so far?


The man is not in office yet, but signs are emerging.
Obama wants to tap the head of the New York Federal Reserve as Treasury Secretary…no sign of change here as the Federal Reserve pretty much runs things anyway.
So far, lots of ex-Clinton administration people in the mix…no sign of change…but the experience of these people will probably help his efforts.
Keeping Gates running the Defense Department…no sign of change…but a practical move.

The CEO’s of the Automakers have been making the right moves toward profitability. Many of these moves have been and are unpopular.
People are calling for the CEO’s of the automakers to be removed. Why? You here no such clamor for the heads of the CEO’s in the financial industry, the very ones who contributed to our financial problems.
Congress has been petty, crying about the executives traveling by private jet to Washington, stating they could have flown coach on a commercial jet. How many Senators fly coach?
We are the largest debtor nation in the world. You don’t see our President flying commercial airlines.
The automakers are asking for a loan…not a gift.
Yet our Congress hasn’t lent them a penny and are already trying to micro-manage the automakers.

The AIG bailout went from $85 billion to $153 billion. Did you here any outrage from Congress ? Or the public ? The item barely made the news.
The financial sector has made a mess of the economy.
The public seems perfectly content to take their hostility out on the automakers.
Ralph

#91

Sorry Ralph, didn’t mean to leave the Financial Bozos out of this deal. Can their asses, also. No golden parachutes, just an unemployment line. Of course with the Senate and Congress, they were just voted back in, so I guess people think they are doing a good job? This could take awhile to resolve. Kind of like a teacher with tenure, doesn’t matter how the product of educating the kids comes out, they still get paid and constantly ask for more tax dollars.

#92
Ralph Berg said:
...............

The public seems perfectly content to take their hostility out on the automakers.
Ralph


The public gets to drive those cars on a daily basis … have them talk to the gobbledygook investment bankers and other “geniuses” on a daily basis or just make them listen to that BS; they will feel no hostility, they’d just lynch them! :wink: :slight_smile: