Everybody else is tightening their belts, why don't they (compared, county, retirement)

[InformedConsent]

Originally Posted by Jaggy001

Then all the GOP has to do is select a candidate who will go after the swindlers and who I can support. Simple really.

You'll support Obama, who just winks and nods approvingly at his Wall Street swindler pals? Really?

[Jaggy001]

Originally Posted by InformedConsent

You'll support Obama, who just winks and nods approvingly at his Wall Street swindler pals? Really?

Now I know why you hate the teachers. They never taught you to read properly. Now go back, read my posts and try again

[docarbuckle]

I suggest you read the article Will The Banksters Get Away With It in ALJAZEERA at aljarezza.net. Then ask what is wrong with wall street

[JazzyTallGuy]

Originally Posted by InformedConsent

McCain wasn't elected, remember? And Obama hand-picked Paulson's co-conspirator Tax Cheat Timmy Geithner for Treasury Secretary.

Obama won't do anything about the Wall Street swindlers why?

And you all want to reward that be re-electing him why?

Because the Republican alternative is far worse.

[desertdetroiter]

Originally Posted by InformedConsent

I know. The public is OUTRAGED that they're forced to fund teachers' million dollar pensions while they'll have to choose between medicine, food, or paying their property tax bill so they don't lose their homes because Social Security checks won't cover all three.

EVERYONE should be amazed at the unions' shameful greed.

Oh, so NOW you care about people being able to pay for medicines and food? Really? You?

[J746NEW]

Submitted by Mark Provost on Fri, 02/25/2011 - 14:53

Corporate Profits Soaring Thanks to Record Unemployment | The Economic Populist

In a January 2009 ABC interview with George Stephanopoulos, then President-elect Barack Obama said fixing the economy required shared sacrifice, "Everybody’s going to have to give. Everybody’s going to have to have some skin in the game." (1)
For the past two years, American workers submitted to the President’s appeal—taking steep pay cuts despite hectic productivity growth. By contrast, corporate executives have extracted record profits by sabotaging the recovery on every front—eliminating employees, repressing wages, withholding investment, and shirking federal taxes.

The global recession increased unemployment in every country, but the American experience is unparalleled. According to a July OECD report, the U.S. accounted for half of all job losses among the 31 richest countries from 2007 to mid-2010. (2) The rise of U.S. unemployment greatly exceeded the fall in economic output. Aside from Canada, U.S. GDP actually declined less than any other rich country, from mid-2008 to mid 2010. (3)

Washington’s embrace of labor market flexibility ensured companies encountered little resistance when they launched their brutal recovery plans. Leading into the recession, the US had the weakest worker protections against individual and collective dismissals in the world, according to a 2008 OECD study. (4)

Blackrock’s Robert Doll explains, “When the markets faltered in 2008 and revenue growth stalled, U.S. companies moved decisively to cut costs—unlike their European and Japanese counterparts.” (5) The U.S. now has the highest unemployment rate among the ten major developed countries.

(6).
The private sector has not only been the chief source of massive dislocation in the labor market, but it is also a beneficiary. Over the past two years, productivity has soared while unit labor costs have plummeted. By imposing layoffs and wage concessions, U.S. companies are supplying their own demand for a tractable labor market. Private sector union membership is the lowest on record. (7) Deutsche Bank Chief Economist Joseph LaVorgna notes that profits-per-employee are the highest on record, adding, “I think what investors are missing - and even the Federal Reserve - is the phenomenal health of the corporate sector.” (8)

[J746NEW]

Originally Posted by desertdetroiter

LOL..one of the most astonishing posts that i've ever read. Amazing.

The guy makes a thread about fatcats on Wall Street, and you guys still can't help but bash a normal working stiff for getting a halfass decent deal. And you're doing it because they might possibly be getting a better deal than you. SMH...unreal.

Yea this is just to funny.

You have around 10 threads already on unions and they want to hijack this one with more of the same.

You have crooks in the whitehouse and Wall Street that have been raping American's for the past 30 years, regardless of who is in office, insider trading on Wall Street and in the Whitehouse, and all they can think about is those evil unions.

[J746NEW]

Originally Posted by Jaggy001

Because McCain would have gone after them Remember who GwB's last Treasury Secretary was ... Hank Paulson ... the ultimate Wall St. insider.

You really need to open your eyes

Don't forget to add Greenspan who has been another crook in the game for many years now.

Left - Right, it does not matter.

[Jaggy001]

I have never been a big fan of unions and was never a member myself .... but .....

The comment on here about with regard to unions borders on the hysterical and irrational.

[J746NEW]

If you want to know why Wall Street is doing so good, see my post above where corporations are raking in record profits by laying off workers, cutting pay, reducing benefits.

It has everything to do with the CEO- Shareholder model that needs to be DESTROYED for the benefit of the country and not the FEW.