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Old 10-13-2010, 08:45 AM
 
Location: Blankity-blank!
11,446 posts, read 16,182,695 times
Reputation: 6958

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My congratulations to the bankers. Capitalism works just like it should.

 
Old 10-13-2010, 12:35 PM
 
Location: Raleigh, NC
20,054 posts, read 18,278,894 times
Reputation: 3826
Quote:
Originally Posted by Visvaldis View Post
My congratulations to the bankers. Capitalism works just like it should.
Corporate fascism = capitalism?

Or, I'm having a difficult time seeing where capitalism exists anywhere in this scenario...
 
Old 10-13-2010, 12:37 PM
 
Location: Midwest
38,496 posts, read 25,807,239 times
Reputation: 10789
Quote:
Originally Posted by Icy Tea View Post
No wonder these Wall Street bankers love Obama, thats a lot of money they're getting.
Yes, but lets make sure the tax breaks under Bush continue for these people getting a lot of money.
 
Old 10-13-2010, 12:39 PM
 
Location: Midwest
38,496 posts, read 25,807,239 times
Reputation: 10789
Quote:
Originally Posted by workingclasshero View Post
here is the question...why hasnt the left done anything to fix this..you guys have had nearly 4 years

other than that, I give no defense, other than that is what they get paid

if you are going to complain about wallstreet pay, maybe you should go to the "Dow 11,000, thank you obama " thread


do you guys really want to set what people can and cant make????
They are trying. They want Bush's temporary tax reductions to expire for these wealthy people but who is fighting that?
 
Old 10-13-2010, 01:15 PM
 
Location: Long Island
32,816 posts, read 19,476,785 times
Reputation: 9618
Quote:
Originally Posted by jojajn View Post
They are trying. They want Bush's temporary tax reductions to expire for these wealthy people but who is fighting that?
as you all say they are only the top 1%...

you think the 4.5% dofference from 35% to 39% is going to change them, or help the us governmente debt...that's a laugh

if the democrats wanted to fix the economy they would have:

eliminated their freetrade stuff...nafta (passed by a democrat controlled congress and signed by clinton) cafta,and all the others to include OFTA (pushed by then senator obama...free trade to Oman...a saudi country....hmmm)

eliminate the corporate tax...companies are going to go were they dont get taxed...get rid of a stupid extremely high tax that has so many loopholes in it that half the companies dont pay...and you will see the jobs come back to the USA

raise import tarrifs, to include on US companies that chose to manufacyure outside the usa (like GE, hq'd in CT but makes almost everything in mexico and maylasia


the liberals could have done a real green thing and with all the money they spent on bailouts of failed companies and unstimulating stimuluses, they could have put a solar electrical system on every single family house in america..there by elimating the need for residental electric companies, and severly reducing out need for coal...by the liberals would rather find a new tax, than a real solution

but did the liberals even think of those things...nope their main concern was mandating health insurance, and thinking of a cap and trade TAX


yep they are really trying
 
Old 10-13-2010, 01:32 PM
 
10,854 posts, read 9,299,628 times
Reputation: 3122
Quote:
Originally Posted by Sid2001 View Post
These are the same guys who got $700 billion dollars in bailout right? Sweet deal they have.

Can't wait to hear the right wingers defend these guys. To be fair, someone has to. It aint easy being filthy rich.

Wall Street set to pay out record $144 billion - TODAYshow.com
I'm no right winger but I'm an active participant in the financial markets, it's where I make the majority of my income. If an investment banker, analyst or trader makes a six, or seven figure income in the financial services industry on some level he or she EARNED it. It is one of the few industries where pay is clearly based on PERFORMANCE.

If you make six figures in the financial service industry you probably did something that brought in seven or eight figures to the company.

If you make seven figures then you probably did something that brought eight or nine figures into the company.

If you make eight figures then you probably did something brought in about nine figures or more into the company.


Also as a general practice bonuses are not only given to investment bankers, analysts or traders they are also given to secretaries, programmers, accountants and other corporate personnel it is one of the few industries where employees can profit if the business profits.

I have no problem with people making big money. I do have a problem with corporaitons paying executives huge salaries, stock options and bonuses to exectuves and then treated non-executive salaried and hourly employees like ****. It's one reason I got out of the corporate rat race.

If you want to make more money then figure out a way to do it and GO FOR IT!
 
Old 10-13-2010, 01:58 PM
 
Location: Michigan
5,376 posts, read 5,345,246 times
Reputation: 1633
Quote:
Originally Posted by workingclasshero View Post
as you all say they are only the top 1%...

you think the 4.5% dofference from 35% to 39% is going to change them, or help the us governmente debt...that's a laugh

if the democrats wanted to fix the economy they would have:

eliminated their freetrade stuff...nafta (passed by a democrat controlled congress and signed by clinton) cafta,and all the others to include OFTA (pushed by then senator obama...free trade to Oman...a saudi country....hmmm)

eliminate the corporate tax...companies are going to go were they dont get taxed...get rid of a stupid extremely high tax that has so many loopholes in it that half the companies dont pay...and you will see the jobs come back to the USA

raise import tarrifs, to include on US companies that chose to manufacyure outside the usa (like GE, hq'd in CT but makes almost everything in mexico and maylasia


the liberals could have done a real green thing and with all the money they spent on bailouts of failed companies and unstimulating stimuluses, they could have put a solar electrical system on every single family house in america..there by elimating the need for residental electric companies, and severly reducing out need for coal...by the liberals would rather find a new tax, than a real solution

but did the liberals even think of those things...nope their main concern was mandating health insurance, and thinking of a cap and trade TAX


yep they are really trying
It only takes 41 votes to block anything in congress from even coming to a vote. Guess who has blocked almost everything.
 
Old 10-13-2010, 03:46 PM
 
Location: Midwest
38,496 posts, read 25,807,239 times
Reputation: 10789
Quote:
Originally Posted by workingclasshero View Post
as you all say they are only the top 1%...

you think the 4.5% dofference from 35% to 39% is going to change them, or help the us governmente debt...that's a laugh

if the democrats wanted to fix the economy they would have:

eliminated their freetrade stuff...nafta (passed by a democrat controlled congress and signed by clinton) cafta,and all the others to include OFTA (pushed by then senator obama...free trade to Oman...a saudi country....hmmm)

eliminate the corporate tax...companies are going to go were they dont get taxed...get rid of a stupid extremely high tax that has so many loopholes in it that half the companies dont pay...and you will see the jobs come back to the USA

raise import tarrifs, to include on US companies that chose to manufacyure outside the usa (like GE, hq'd in CT but makes almost everything in mexico and maylasia


the liberals could have done a real green thing and with all the money they spent on bailouts of failed companies and unstimulating stimuluses, they could have put a solar electrical system on every single family house in america..there by elimating the need for residental electric companies, and severly reducing out need for coal...by the liberals would rather find a new tax, than a real solution

but did the liberals even think of those things...nope their main concern was mandating health insurance, and thinking of a cap and trade TAX


yep they are really trying
What is 4.5% of $144 billion anyway?
 
Old 10-13-2010, 03:50 PM
 
10,854 posts, read 9,299,628 times
Reputation: 3122
Quote:
Originally Posted by jojajn View Post
What is 4.5% of $144 billion anyway?
Roughly six to seven billion dollars!
 
Old 10-13-2010, 04:18 PM
 
Location: Great State of Texas
86,052 posts, read 84,460,154 times
Reputation: 27720
Quote:
Originally Posted by Visvaldis View Post
My congratulations to the bankers. Capitalism works just like it should.
Yes, have to agree with you on that.

Congress voted to give them billions and they used those billions to make more money for themselves and pay back the government before the government could put any restrictions on them. GM and AIG and Fannie and Freddie..not so much since they are semi-nationalized.

Capitalism at it's finest.
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