Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I noticed that you stopped before obama's carnage.
Spending is the problem, not revenue.
In case you weren't paying attention the carnage was Bush's. The worst economic mess since Hoover and banks screwed the ordinary American in 1930 and Hoover didn't have $870 billion(with a B) to hand to the banks. Capitalism doesn't allow for it but who gives a **** about that?
You people ignored that nearly a trillion dollar gift to the banks and screamed like a banshee when the president saved the auto industry and a million jobs with $80 billion.
That is essentially what happened but most folks didn't pay attention to that part. Lobbyists were saying GIVE US MONEY NOW OR THE ECONOMY WILL COLLAPSE.
What you are saying is that "the government wasn't smart enough to know the difference".
[quote=mwruckman;29395738]I would say it is the CEOs fault in every case. Take GM and Chrystler while they were burning cash and becoming increasingly unprofitable, companies like Toyota, Honda, Hyundai, Volkswagon, BMW and Daimler-Benz were making the choices that made their products world leaders in technology, quality and reliablity. They were doing this in high wage countries that have benefits packages that Americans only dream about like 30 days paid vacation). One of the reasons Japanese, Korean or German Co. are setting up plants here is America is a low wage company when it comes to the industrial sector. You bring up Solylindra and Fisker. Well the Chinese now control about 2/3 of the worlds fabrication of these semiconductor devices but low labor isn't the reason because making photovoltaics requires highly educated workers using ultra-high vacuum technology and this isn't done with out higher education and a lot of infrastructure. It is easier to build a semiconductor fab in China than in most of the USA because you would have to start from scratch, training workers building state of the art utilities and transport which the USA hasn't really done in nearly half a century. As for Fisker this company isn't the only game in town and Elon Musk's Tesla Motors seems to be suceeding. So what is Elon Musk doing that thew Executives at Fisker arn't? Elon Musk is a real 21st century rennaissance man, he made his first billion in the dot-com area as the founder of somethging called PayPal. The he decided he wanted fly to Mars someday and put his mind to building rockets and spacecraft. So today his company SpaceX builds his Falcon boosters, the Dragon spacecraft which has made several trips to and from the ISS (Spacestation). The Dragon with a few improvements will fly people as well as cargo and has a room for expansion to take flights around the Moon and back. He is building a much larger version of the Falcon 9 that will life 50 ton payloads into orbit around the Earth and send manned spacecraft to the Moon and even Mars if you use an idea from the 1990s called Mars Direct. I view Musk as one of those transformational leaders of industry like Bill Gates was and like his colleague Jeff Bezos at Amazon is as well. So what could a Jeff Bezos do at the USPS?
Quote:
As for government not working, tell that to Xi Jingping the new helmsman of the People's Republic of China. Whats he doing right?[/
quote] Right now China is very appealing to businesses because of the low wage its workers make, as wages increase, as in Japan and South Korea, they will be less and less appealing, it is a vicious cycle and will eventually come back around.
I guess I'll never understand the blind admiration and worship of the corrupt, incompetent wealthy, and of big business. The truth this, 99.9% of Americans struggling and down on their luck would gladly apply for and accept a decent paying job as well-if there were any to be had. Bottom line is, the average hard working American is playing against a stacked deck. In Australia, there are certain regulations to keep employers from running roughshod over employees and job seekers. Most folks aren't asking for a handout-just a fair and level playing field. Is that too much to ask? Apparently in today's U$, it is.
The players are NOT the CEO equivalent of a sports team. That would be the team owner.
The actors are NOT the CEO equivalent of a film. That would be the directors and producers.
The players and the actors are more similar in roles with say, a surgeon.
Now you start making excuses. Originally it was the "money" that made the difference,....the greedy CEOs versus the underpaid worker. Is there really a difference between the CEOs who make millions, and the actors and athletes who make millions while the "underlings' who prop them up make peanuts?
CEOs have track records. They are not just picked up off the street corner. Very similar to actors and athletes.
I guess I'll never understand the blind admiration and worship of the corrupt, incompetent wealthy, and of big business. The truth this, 99.9% of Americans struggling and down on their luck would gladly apply for and accept a decent paying job as well-if there were any to be had. Bottom line is, the average hard working American is playing against a stacked deck. In Australia, there are certain regulations to keep employers from running roughshod over employees and job seekers. Most folks aren't asking for a handout-just a fair and level playing field. Is that too much to ask? Apparently in today's U$, it is.
You nailed it...I wouldn't trust one of them in a ****house with a muzzle on.
In the 1950's an average corporate executive earned 20 times what a line worker earned.
Ron Johnson, JC Penney CEO earns 1800 times what his typical employee earns. The average CEO makes 600 times what an ordinary worker earns.
Unbridled greed exists in this country and only someone with zero compassion and a cruel heart can attempt to justify a minimum wage of $7.25 per hour with little or no benefits.
GUESS WHAT...The Republicans want more tax cuts for the wealthy. Grover Norquist of the T Party has even got a majority list of Republicans who have signed a pledge to never vote for another tax increase.....not a dollar.
[MOD CUT/hotlinking]
I find these types of posts amusing.
"it is SOOO much worse today then in the past"
How do you think the Vanderbilt's, the Mellon's, the Rockerfeller's, the Astor's, the fiske's etc. compared to the "average" worker in those times?
While alphamale claims spending is the problem, not revenue, that just isn't true.
In 2008 total direct federal revenue was $2,523.99 billion (with a deficit of $458.55 bil.) In 2009 it dropped to $2,104.99 bil.; In 2010, $2,162.71; In 2011 -- $2,303.47 and $2,450.16 in 2012.
Deficits increased during this period and this rise in the deficit was a good thing! Federal spending helped sustain the economy at a time when the private sector was in panicked retreat; arguably, the stabilizing role of a large government was the main reason the Great Recession didn’t turn into a full replay of the Great Depression.
From a spending perspective, any additional spending was due to increases in unemployment insurance, food stamps, SSI, and refundable tax credits. Medicaid is a means-tested program that also serves as part of the safety net. Yes, spending in these areas has surged, because the economy was depressed, and lots of people are unemployed. So what do you want to do, cut unemployment insurance, food stamps, SSI, and refundable tax credits just when people need this money the most?
What the righties are trying to pedal is that Obama expanded Big Government. What we’re seeing is the government we already had, responding to a terrible economic slump.
Now, it's a different story. The Congressional Budget Office expects the deficit for fiscal 2013 to be $845 billion. The CBO also reports that half of our current deficit reflects the effects of a still-depressed economy, or $423 billion,and will fall to just $172 billion in a year. In other words, there is no deficit crisis.
Not only that, but conservatives will tell you that raising the minimum wage is inflationary but giving a CEO a bonus equal to 10,000 workers' annual pay, no problem.
Not really. I recently saw a list of the 10 richest presidents (adjusted for inflation). Three of the top 10 were George Washington, James Madison, and Thomas Jefferson.
Yeah which are misrepresented by their estates value. 200+ years ago land was almost free. Today not so much. But still, they were very well off for their time (and in truth we had a more structured landed gentry then we would like).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
