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Thanks for the cliffs notes version of your college econ 101 class, as unneeded and trite as it was.
The president appealing to the patriotic duty of corporations (which, we're told, should be treated and are treated as legal "persons" like you and me) is not "redefining economics." It's asking that, for once in the history of the corporate structure, the "corporation" act more like a PERSON and consider their actions and consider how their roles both contributed to, and can lead the way out of, the recession.
It's merely a suggestion (and a good one) that corporations start acting like Americans. Got a few billion in cash reserves sitting around? How about investing in America?
For we know that corporations have no problem socializing their risks and "costs" of doing business among the general American populace (pollution spewed from a factory stack is a cost of business shared by all, even those with no financial stake in a company either way, for example).
Time for "businessmen" (often glorified snake oil salesmen in any other age) to stop being so short sighted, and to see the consequences of their actions (and inactions) to the economy and health of the nation.
Thanks for the snooty self-embarrasing remarks you make. BTW, my name isn't "Cliff", and the explanation was more of a grade-school level so YOU could possibly understand it. I hope you were able to glean something from it.
A corporation's fiduciary responsibility is to its owners to make a profit. You, following the POS in the White House's step's, doesn't validate the misguided, misunderstanding of what businesses exist for and what they don't exists for, it merely demonstrates the erroneous nature of your "thinking". Thanks for putting it on public display.
Sure, a corporation as a legal entity is obligations to follow law, but your attempting to impose on it special obligations so your parasite-class fellow travelors can enjoy the fruits of risk-taking investors, while avoiding the downside losses of investments-gone-bad, demonstrates a level of unfettered greed rarely seen among regular Americans, i.e. those who "get it".
If you are an employee, and you aren't prepared to write a check to the company if it loses money, then don't expect it to write a check to you if it makes money. I think even you could follow this logic.
A corporation's fiduciary responsibility is to its owners to make a profit.
And a President's responsibility is to ensure that these corporations help benefit the nation and in turn benefit from it. But you don't like the idea.
And a President's responsibility is to ensure that these corporations help benefit the nation and in turn benefit from it. But you don't like the idea.
Why limit it to corporations? Why not extend a president's responsibility to individuals so that he/she ensures that individuals benefit the nation? That way we would all be working for the government.
Thanks for the snooty self-embarrasing remarks you make. BTW, my name isn't "Cliff", and the explanation was more of a grade-school level so YOU could possibly understand it. I hope you were able to glean something from it.
Oh, I'm sorry, referring to others as "rubes" who need "grade school level" explanations is germane, necessary and highly poignant, but anything like-kind in response is "snooty and self-embarassing?" Really? I'd like to buy whatever you're on that allows you to see past THAT glaring inconsistency.
Either that, or you can dish it but you can't take it. Fairly typical for those of your apparent persuasion and "intellect."
BTW: If you don't know what "Cliff's Notes" are, explaining things at "grade school" level might be more out of necessity than any act of charity for us lessers.
Quote:
Originally Posted by jeffington
A corporation's fiduciary responsibility is to its owners to make a profit.
"Fiduciary responsibilities" are guided by law, and as such, the law governing what a corporations "fiduciary responsibility is" can be changed quite literally overnight. Next, any contractual or governing articles of corporation that outline fiduciary duties can also be just as easily changed, if the people in charge grew a thing called a "conscience."
Had you ever sat through a business law seminar, you might understand this.
Quote:
Originally Posted by jeffington
You, following the POS in the White House's step's, doesn't validate the misguided, misunderstanding of what businesses exist for and what they don't exists for, it merely demonstrates the erroneous nature of your "thinking". Thanks for putting it on public display.
See above.
Quote:
Originally Posted by jeffington
Sure, a corporation as a legal entity is obligations to follow law, but your attempting to impose on it special obligations so your parasite-class fellow travelors can enjoy the fruits of risk-taking investors, while avoiding the downside losses of investments-gone-bad, demonstrates a level of unfettered greed rarely seen among regular Americans, i.e. those who "get it".
"Parasite class"? Surely you jest. I contribute more in federal taxes than very many make in a year, so save your "I'm a successful capitalist and I take no-nonsense from the peasants" BS for the lunchtime cocktails down at the American Psycho cafe, mmkay?
Quote:
Originally Posted by jeffington
If you are an employee, and you aren't prepared to write a check to the company if it loses money, then don't expect it to write a check to you if it makes money. I think even you could follow this logic.
You're entitled to your misguided and painfully outdated opinion. But because you lack the vision or foresight to understand that continued insistence on following the same broken model of not factoring human costs into the "bottom line," you or your children will reap the rewards of an eroded economy and American consumer who can longer afford whatever crap it is that your peddling in your "business." Again, that's "quarterly profit" thinking at work.
Or maybe, as was my original premises, like the other conscienceless capitalists, you don't care, because the American citizen is only as good as the next dollar he or she can spend on your "product." There'll always be a billion Chinese to buy everything, right?
As I told someone earlier, if people like you didn't have your head so far up Ayn Rand's arse you might be able to see the bigger picture. Or not. Some people enjoy blissful ignorance.
"...President Obama announced that U.S. business leaders had an obligation, yes an obligation, to the country to hire more workers, pay better wages and keep jobs in the country. He is now calling on American companies to see themselves as partners with the government saying: "That government and businesses have a mutual responsibilities; and that if we fulfill these obligations together, it benefits us all."
Does the President really think that the purpose of business is to hire people and provide jobs? Is he really so clueless about the employee/employer relationship?
The purpose of business is to provide some product or service for which there is a demand, and in so doing, to make a profit for the owners. In order to do this, they hire a workforce of men and women for which they pay a salary or wage in accordance with the value (determined largely by the job market) of their service to the company. This is mutually agreed upon at the time a person is hired (except in the case of Union employees, who are paid according to what the Union determines is the correct value for that workers service — anyone see a problem with that relationship?).
A business isn't a charity. Nor does it exist to assist government in some scheme to assure every person has a job. It does not exist to further some notion or pipe dream of "economic democracy" (a Marxist/socialist idea — are we getting a picture here?).
This is what you get when you elect a "Community Organizer" (a.k.a. "community agitator") to hold the highest office in the land.
It is the job of government, not business, to ensure the kind of economic climate where business can prosper. That is what is meant by the clause in the Constitution, "promote the General Welfare". This means that the government should stay out of the way and not impede the growth of business with burdensome regulation and over taxation. Those two things alone are job killers.
As we remember Ronald Reagan on the 100th aniversary of his birth, Mr. Obama would do well to remember his words, "Government is not the solution to our problems. Government is the problem"
This is a man who never ran so much as a lemonade stand!! He's never had to do a P&L statement. Never had to lay off employees or even fire one. Never had to provide health benefits or meet a pay roll.
BUT HE SHO' COULD GIVE A PURTY SPEECH!!! http://www.ihav.net/vb/images/smilies/be polite.gif (broken link)
When public service was service to the public, the people were the masters.
When public servants became masters of the people, the result is a disaster.
Prosperity is based on the creation, trade and enjoyment of surplus usable goods and services.
It's not make-work jobs, nor "income transfer", nor "sharing the wealth".
Too bad the voters and their chosen candidate don't know this.
Obama thinks that corporations are formed so that they can hire people with big salaries, let them unionize, give them health care, dental care and pensions. A corporation selling a product or service and making a profit for it's investors and share holders is secondary. It's evident that Obama thinks that corporations should operate like the federal government.
"...President Obama announced that U.S. business leaders had an obligation, yes an obligation, to the country to hire more workers, pay better wages and keep jobs in the country. He is now calling on American companies to see themselves as partners with the government saying: "That government and businesses have a mutual responsibilities; and that if we fulfill these obligations together, it benefits us all."
Does the President really think that the purpose of business is to hire people and provide jobs? Is he really so clueless about the employee/employer relationship?
The purpose of business is to provide some product or service for which there is a demand, and in so doing, to make a profit for the owners. In order to do this, they hire a workforce of men and women for which they pay a salary or wage in accordance with the value (determined largely by the job market) of their service to the company. This is mutually agreed upon at the time a person is hired (except in the case of Union employees, who are paid according to what the Union determines is the correct value for that workers service — anyone see a problem with that relationship?).
A business isn't a charity. Nor does it exist to assist government in some scheme to assure every person has a job. It does not exist to further some notion or pipe dream of "economic democracy" (a Marxist/socialist idea — are we getting a picture here?).
This is what you get when you elect a "Community Organizer" (a.k.a. "community agitator") to hold the highest office in the land.
It is the job of government, not business, to ensure the kind of economic climate where business can prosper. That is what is meant by the clause in the Constitution, "promote the General Welfare". This means that the government should stay out of the way and not impede the growth of business with burdensome regulation and over taxation. Those two things alone are job killers.
As we remember Ronald Reagan on the 100th aniversary of his birth, Mr. Obama would do well to remember his words, "Government is not the solution to our problems. Government is the problem"
Does this now mean people are "entitled" to a job ?
Having a job is their right now ?
R kO . F Fp L
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