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Shaft from my employer. My employer posted an all-time record profit level for the Q1 2009, and then in Q2 2009, their profit margin *MORE THAN DOUBLED* what it was from 2005-2008, and that includes their record 2009 profit levels, yet they cut over 350 people in one day in the early fall 2009 due to "budget cuts". Yes, even their hundreds of tax loopholes they claim and go through wasn't enough for all of us to keep a job. When 350+ people were laid off, not more than 3 months later on, the CEO walked away with a $4 million BONUS. Yes, just a bonus ( which doesn't include their salary. )
This is capitalism to the extreme. Let a failed system take its course and then reward the failure with a bonus. The only difference with this failure was that my employer wasn't using taxpayer money for this bonus like that used for auto, insurance and mortgage bailouts ( at least not that I know of they weren't. )
Bad idea to compare China's capitalism to ours as a reason why capitalism isn't bad. Look at what China is doing in regards to their economy ( will also be collapsing like ours did in 2008--they are following our steps to failure we took in '08 in regards to giving anyone a house, raising credit card interest rates, etc. )
I agree, the grass usually does appear greener on the other side of the fence. I can point to our neighbors up north for this example ( and a country who isn't run by a capitalist form of gov't and didn't have NEAR even half the financial problems we've been having. )
When it comes to talking about the debt levels, nothing will improve until we eliminate ALL tax cuts ( the biggest "entitlements" over the last 10 yrs ) and cut back severely on the excessive military spending. Until these two policies are put in place, it won't matter who is in the White House, or Congress or which corporation is running our government.
Are you working? Are you getting paid what you were promised? If so, then you have no complaint. What your boss or bosses get paid, either in bonuses or pay is really none of your concern. If the company recorded record profits in 2009, I suspect the CEO only received whatever compensation was guaranteed in his/her contract. A good plan for you would be to make yourself so valuable that you can negotiate yourself such a contract, capitalism at its finest.
We become the USSA (UNITED SOCIALIST STATES OF AMERICA) tommorrow - goodbye America!
Is that the extent of your faith in America?
Obviously the way its going now aint working so maybe this socialist direction the country is supposedly going will be an improvement, a veritable blessing in disguise..
The USA has been socialist for over 77 years, dragging the nation down.
The USA has a "drinking" problem - consuming far more petroleum than it can afford - and losing its wealth in the process
The USA has a "spending" problem - with a public debt that is 100% fraud and can never be repaid. Worse, the Congress is paying old investors with funds borrowed from new investors - something that is illegal in the private sector.
The USA has a "working" problem - where the producers have been taxed and burdened to the point of destruction, while subsidizing the nonproductive.
The recipient class outvotes the donor class, so that it is political suicide for the legislature to correct the problems. Zero deficit, no tax increase and cut spending may be political suicide. But to do otherwise is national suicide - which may be the goal of the collectivists and usurers who rule us.
Bush Cheney Paulson Bernanke - the commie gang of 4 are doing a better job than Obama, because Obama would give free healthcare - too socialist, we need the Bush heavy commie party of the rich to take everyones money.
Yea, free healthcare. I bet you believe in Santa clause and the tooth fairy.
Maybe leaving is not an option for most people. When you are taxed 50% or more, and then there are rent, food, etc. How much do you think it is left for you?
Right, it is unamerican to save, be a true american and go into debt 200%.
"Since 1994, with Republicans leading the House and Senate, spending has been held to an annual 3.1 percent rate of growth, and the nation's debt will be nearly $400 billion lower by the end of this year. The federal government has operated in the black for the last two years and is now projected to run a surplus of nearly $5 trillion over ten years."--Republican Party Platform 2000
Ok, Republicans, where is the $5 trillion surplus you promised us?
"Since 1994, with Republicans leading the House and Senate, spending has been held to an annual 3.1 percent rate of growth, and the nation's debt will be nearly $400 billion lower by the end of this year. The federal government has operated in the black for the last two years and is now projected to run a surplus of nearly $5 trillion over ten years."--Republican Party Platform 2000
Ok, Republicans, where is the $5 trillion surplus you promised us?
Pre-9/11, pre-Clinton Recession, and pre-Prescription Drug Plan, etc....
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