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FDR put a lot of folks to work .. Dams, Bridges, National Infrastructure ...
(FDR of course, was called out a few times on just how constitutional, or not, some of his policies were, but just the same .. people during FDR's term(s) went straight to work)
Both chambers of Congress were with him during all three terms.
There was no issue funding the WPA which came in about 5 years into the Great Depression and persisted till WW2.
But, IMO you're right that the New Deal put a lot of people to work, and I think a similar sort of thing is needed today; however, it was Congress that enabled FDR to pass the New Deal. He didn't do it all by himself. That's what is missing today: a congress that's willing to print money to put idle people back to work.
The Democrats held the majority of both chambers during FDR's 3 terms.
Had it not been for WW2, no clue how long it might have taken to recover from the Great Depression.
Goldman is making it on both ends. The markets were never meant to be manipulated by the government.
Which ends? Long and Short? They are indeed doing well. I think the OCC said they have a little under 44tril in deriv contracts. But JPM has like 70. Both are govt shareholder controlled. The market is far more than manipulated. It is almost completely owned by govt.
Like 232 tril in derivative contracts for US banks. 93% is with the Big 4 banks. Looks like 60% are IRS. JPM has another special advantage there, as well.
Which ends? Long and Short? They are indeed doing well. I think the OCC said they have a little under 44tril in deriv contracts. But JPM has like 70. Both are govt shareholder controlled. The market is far more than manipulated. It is almost completely owned by govt.
Like 232 tril in derivative contracts for US banks. 93% is with the Big 4 banks. Looks like 60% are IRS. JPM has another special advantage there, as well.
We know they were selling investments to their customers and then betting against them. It's crazy that after that people would still do business with them.
Why would a company hire 100 more workers if it has been demonstrated that the company can operate efficiently without them?
o fan of huge bonuses for CEO's but then I also understand if you want the best leadership in this country you have to pay for it.
No issue with leadership but CEO pay for many companies is approved by a board of directors that is comprised of insiders that regularly approve increases. The compensation committee's that determine the value of a CEO are also a joke in many cases, imagine driving a company into the ground and receiving a bonus. I don't question there are good CEO's that are deserving but that is many times not the case, if the banking CEO's were really worth their pay they should have been aware of what was going on in 2007-2008.
U.S. corporations will need to disclose how their chief executive officers' paychecks compare with those of their workers under a proposal unveiled on Wednesday by the U.S. Securities and Exchange Commission.
I find it interesting our Government, which is made up of lawmakers that can vote themselves a raise at anytime, can take millions of dollars from corporations to get elected and can trade with inside information with impunity is trying to control the Corporate pay scale.
What business is it of theirs what a CEO gets paid, whether in relation to "workers" or for any other reason?
it is the federal government's job to regulate the securities markets.
I wonder when they will start?
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