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Poor people are poor, and remain that way, because a rich person refuses to pay them a living wage. Period. Spin it any way you like it is the essence of the paradigm. There are also other extrinsics such as poor people (relatively) being tasked with maintaining the essential infrastructure of the country while richer people are given exemptions from virtually any responsibility for the day to day running of the country. What a fail thread.
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And I suppose you reason if there were no rich people around to employee the poor, they would no longer be poor? One person doesn't have to work for what another person is willing to pay him, unless he wants to. No one forces him to accept a job. People are poor because they don't educate themselves or they don't take the initiative to work just a bit harder than the next guy. There are jobs that people won't take because they don't think a particular job pays enough to meet their skill level, when in fact they have no skills.
Homeowners have lost roughly $7 trillion in home equity while in excess of 12 million homeowners are underwater, or owing more on their homes than they are now worth.
The bailouts cost the taxpayers roughly $7 trillion.
Large Corporations are net destroyers of jobs while small businesses create the majority of jobs (at least 3 million+ annually)
Corporations have consolidated reported cash balances in excess of $2 trillion.
M & A activity has flatlined and projected to remain stagnant throughout 2012.
Small businesses are and have been, traditionally funded from equity stakes in homes.
Homeowners have lost roughly $7 trillion in home equity while in excess of 12 million homeowners are underwater, or owing more on their homes than they are now worth.
The bailouts cost the taxpayers roughly $7 trillion.
Large Corporations are net destroyers of jobs while small businesses create the majority of jobs (at least 3 million+ annually)
Corporations have consolidated reported cash balances in excess of $2 trillion.
M & A activity has flatlined and projected to remain stagnant throughout 2012.
Small businesses are and have been, traditionally funded from equity stakes in homes.
The transfer of wealth is evident.
All thanks to the federal government's intervention.
It doesn't. Not in the least. To hear liberals talk, you'd think there's a finite number of dollars floating around and the rich people have monopolized those dollars.
Equality of Opportunity....we can all support it. What we (I) can't support is Equality of Outcome, as if the money i've earned through blood, sweat, and tears should be handed to those who aren't successful. It's Un-American.
If your for Equality of Opportunity, then you should also be an advocate for Equality in Voting Power, because giving others, a louder voice via money, takes away that Equality of Opportunity when the top elite exists to serve each other at the expense of the rest of the nation.
Homeowners have lost roughly $7 trillion in home equity while in excess of 12 million homeowners are underwater, or owing more on their homes than they are now worth.
The bailouts cost the taxpayers roughly $7 trillion.
They did not..
Quote:
Originally Posted by walidm
Large Corporations are net destroyers of jobs while small businesses create the majority of jobs (at least 3 million+ annually)
How does a corporation become large by destroying jobs? This should be entertaining coming from you.
Quote:
Originally Posted by walidm
Corporations have consolidated reported cash balances in excess of $2 trillion.
And?
Quote:
Originally Posted by walidm
M & A activity has flatlined and projected to remain stagnant throughout 2012.
And?
Quote:
Originally Posted by walidm
Small businesses are and have been, traditionally funded from equity stakes in homes.
And?
Quote:
Originally Posted by walidm
The transfer of wealth is evident.
no, not really.. still waiting for you to connect the dots
All thanks to the federal government's intervention.
Play that game with someone else.
Loans have underwriters. Buyers must qualify for loans within the underwriters guidelines.
Without the lenders criteria (underwriter) there is no loan. Without the AAA rating of the ratings agency there is no market. We watched hundreds of loan programs disappear from loan officer's systems overnight -- for months.
Last edited by walidm; 02-01-2012 at 06:27 PM..
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nice try...
