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What gets me is why these morons want to keep the economy (as it has been the last few decades) going at all. I read posts here, asking who's afraid of the big bad wolf...all the chicken little's running because the sky is falling. When will they realize that what TPTB want to "save" is their own gravy train; this so-called "economy" is not set up for the benefit of anyone posting here. All of us mean nothing to the rich except as chickens to pluck. They want the fruits of our labor. It's too valuable to let us have it all.
I say, yet the damned "economy" go. We'll replace it with something that benefits We the People, not the elites.
Jack Welch, another fine American who spent 40 years as a salaryman for GE. He walked out with $900 million dollars (still asked for a free car and airline tickets). Never risked a dime of his own capital. He did a great job as senior manager of GE and deserved to be well compensated but to enrich oneselve by $900 million while middle class jobs at his own company have declined cuts to the heart of our greed is good culture. And truthfully, anyone who has worked in a business as large as GE knows how little real impact one man has on a business.
I admire all entrepeneurs who go out and create jobs, products and commerce. People who choose to manage other peoples money do not deserve the same rewards as those risk their own capital.
Dick Fuld, Chuck Prince, Stanley O'Neal, Jimmy Cayne, Angelo Mozillo, and countless others are all people who became wealthy mismanaging other peoples resources.
Back to Welch, I saw him on TV countless times the last 5 years touting the wonderful things these titans were doing and the enormous profit generation of wall street. "The greatest capital markets in the world" he said many times. Turns out it was the greatest ponzi scheme.
I saw on TV that they also deliver fresh flowers to his penthouse every day as part of his agreement!! (no joke).
Quote:
Originally Posted by jimmyP
Jack Welch, another fine American who spent 40 years as a salaryman for GE. He walked out with $900 million dollars (still asked for a free car and airline tickets)..
I can see US citizens taking these *******s to court. Hey HappyTexan, it is your right and duty to protect what you own. As of now those in the government have shown that they really can't be trusted.
The only economy that it will be hurting is THEIR economy... they want you to pay THEM so that they can do something else with THEIR money... all courtesy of YOUR money.... it won't help YOUR economy, they couldn't give a rat's tail about it... but they like to use fear to make you do something that is worse for YOUR economy....
And when pressured by Congress to explain the $700 billion Paulsen couldn't. He did not give a breakdown..he didn't even answer the question. Instead it was filled with the typical fuzzy banker speak.
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