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Old 05-30-2012, 04:49 PM
 
Location: Tyler, TX
21,679 posts, read 21,898,067 times
Reputation: 13193

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Quote:
Originally Posted by JazzyTallGuy View Post
So in essence you are saying it's none of your business that there is not enough middle class income in the American economy to help boost economic growth for EVERYBODY because CEOs and other wealthy Americans would rather keep their high salaries and profits invest them in the financial markets for speculative gains that do not create jobs and emerging market countries where they will build factories, research and development centers and other business and then ship jobs that used to be done by Americans to those countries.
One sentence. Eighty eight words.

The period key ("."; found two keys to the right of the "m") is your friend.
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Old 05-30-2012, 04:52 PM
 
Location: Tyler, TX
21,679 posts, read 21,898,067 times
Reputation: 13193
Quote:
Originally Posted by Gorfml View Post
Ceo's ain't pro ball players...
You're right. They actually perform a necessary function within an organization that provides goods and services to willing buyers, while employing sometimes tens of thousands of people.

I'm with you - we need to cut pro ball players' salaries, and NOW!

As for the CEOs... I'm good with them being paid well to do a job that very few people can do.
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Old 05-30-2012, 04:58 PM
 
Location: Tyler, TX
21,679 posts, read 21,898,067 times
Reputation: 13193
Quote:
Originally Posted by freemkt View Post
I've lived in rentals that included a microwave. Does that magically make a poor person affluent?

I earned a recycled computer by volunteering at a non-profit computer recycler. Did that make me affluent? Oh, and it's easy to buy used microwaves and used computers today for under $50.
I think you both missed the point and proved it at the same time.

Neat trick.
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Old 05-30-2012, 05:01 PM
 
Location: Tyler, TX
21,679 posts, read 21,898,067 times
Reputation: 13193
Quote:
Originally Posted by Ruth4Truth View Post
The fed gov't didn't "force" banks to give loans to people who couldn't afford, them, who do you think you're kidding?
You're wrong. Google CRA. Then thank President Carter for getting the snowball rolling towards the 2008 crash.
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Old 05-30-2012, 05:33 PM
 
Location: Old Town Alexandria
14,499 posts, read 25,699,868 times
Reputation: 8933
Quote:
Originally Posted by J746NEW View Post
It may take some time Dream, but there are many small and medium sized business that I know of personally that are coming around as well to the criminality and corruption rampant in our Government Wall Street Mega Corp Triopoly.

They pay heaps of taxes while the criminals at the top get away with murder and theft to achieve their goals at the expense of the rest of the nation.

This Triopoly does not have the best interests of all American's in mind and they have to go.
So true. Not buying into divisive bs of the far right either...
Wall St needs reform, this is not a left or right issue...small businesses are folding big time, houses are vacant and people are unemployed.

dane in LA mentioned how people cant afford dental care, tents and clinics are being set up in many states now to help those with ZERO medical insurance, it is becoming like a third world.

I find it intriguing that the chickens are coming home to roost now, the 1% cannot throw the mud this election year or talk about moose chili, no one is laughing.
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Old 05-30-2012, 05:37 PM
 
44,243 posts, read 22,997,190 times
Reputation: 26825
Quote:
Originally Posted by swagger View Post
You're wrong. Google CRA. Then thank President Carter for getting the snowball rolling towards the 2008 crash.
As it happened, CRA loans outperformed other subprime loans by a considerable margin. They were the better risk.
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Old 05-30-2012, 05:44 PM
 
44,243 posts, read 22,997,190 times
Reputation: 26825
Quote:
Originally Posted by swagger View Post
As for the CEOs... I'm good with them being paid well to do a job that very few people can do.
Can I recommend a book? Roger L. Martin - who's anything but a wild-eyed leftie revolutionary - dissects the problems with the current generation of CEOs, their compensation model and what they're actually paid to do.

Amazon.com: Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL (9781422171646): Roger L. Martin: Books

It's a hard book to summarize, but basically, CEOs are now better rewarded for managing their company's stock price development rather than making their companies provide goods and services that people want to buy. Which isn't long-run feasible, of course.

It's a problem.
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Old 05-30-2012, 06:47 PM
 
Location: State of Transition
97,953 posts, read 96,064,591 times
Reputation: 108764
Quote:
Originally Posted by dreamofmonterey View Post
lmfao.
the far right says libs wanted the Federal BAILOUTS...NO we did NOT
I guess the far right can't tell the difference between left and right anymore. They're just flinging criticism blindly, in desperation.
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Old 05-30-2012, 07:57 PM
 
Location: Old Town Alexandria
14,499 posts, read 25,699,868 times
Reputation: 8933
Post agree

Quote:
Originally Posted by Dane_in_LA View Post
Can I recommend a book? Roger L. Martin - who's anything but a wild-eyed leftie revolutionary - dissects the problems with the current generation of CEOs, their compensation model and what they're actually paid to do.

Amazon.com: Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL (9781422171646): Roger L. Martin: Books

It's a hard book to summarize, but basically, CEOs are now better rewarded for managing their company's stock price development rather than making their companies provide goods and services that people want to buy. Which isn't long-run feasible, of course.

It's a problem.
This is why bank of America Sr VPs love their jobs.
the peons are paying for their 5 star hotels and record bonuses for doing nothing except selling Platinum "Opportunity credit cards" to illegals, letting them default on their Visa and MC bills, and then getting their budgets bailed out by the FED while the taxpayers pay for this.

Corporation Law 101, incorporate in delaware, start a sub-prime bank card, and you too can be the 1%.
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Old 05-30-2012, 08:04 PM
 
79,846 posts, read 41,524,246 times
Reputation: 16985
Quote:
Originally Posted by swagger View Post
You're right. They actually perform a necessary function within an organization that provides goods and services to willing buyers, while employing sometimes tens of thousands of people.

I'm with you - we need to cut pro ball players' salaries, and NOW!

As for the CEOs... I'm good with them being paid well to do a job that very few people can do.
They get paid well even when they suck at what they do.
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