Comments on: Hard Times, But Big Wall Street Bonuses
The Early Show: Mystery Shrouding How Much Of The Money Will Come From The $700B Gov't. Bailout
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- It''''s a Catch 22 though because if you penalize companies for outsourcing jobs overseas, then the repercutions here are wage and hour cutbacks to offset higher rates. This lowers productivity and reduces profits, etc...
Let''''s not forget that successful companies are a good thing. Profitable organizations are a good thing. It creates job stability, reinvestment in the economy, and long term growth.
Posted by iblefty32 at 07:58 PM : Nov 12, 2008,
Absolutely! The problem is companies are goign to do the most profitable thing possible. Unfortunately, that often means buying up competitors and then you see the job cuts as they streamline the new corporation.
The catch 22 we have is our economy is being impacted by an estimated 56 trillion in public and private debt. My question is how are we as a country going to pay off this debt when we keep outsourcing the good jobs?
Scary stuff to think about! have a good night. - Reply to this comment
- I''m sorry. I DO believe this is TAXPAYER money being used to bail out these companies. I DO believe these companies are not only answerable to the folks in D.C. but to us, the taxpayers, footing the bill! I DON''T believe in "rewarding" the fools who bankrupted their own company. A small wonder they stayed in business this long!
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- Who''s the Hoosier?
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- are you kidding me-where are these mutes going to go? replace them just as they would at GM. Too talented? it appears so-as the meltdown indicates-maybe they are too smart for their own inflated good......we only learn through pain-join the club.......
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- Buy, Buy, BUY!
If the market hasn''t hit bottom yet, it''s very, very CLOSE! In the next few weeks, I expect a MONSTER rally that could send the Dow skyrocketing 3,000 points or more!
That means you could make some of the biggest, fastest profits of your investing career simply by buying and you should do so very quickly.
Stocks SOAR as much as 50% in the coming months as the global bailout of the world''s banks finally gains traction. - Reply to this comment
- Hoosiers are notoriously CONservative. There are a lot of farmers out there and you know they don''t believe in welfare unless it''s crop price supports, free money for not planting or any other WELFARE we pay them. Why do you think they don''t want to leave the farm? I remember I bought the krap about the poor farmers and supported farm-aid. Didja ever notice how the farmers hate all city folk? Just good god-fearing repubs is all! As regards to bankers and MBA BS artists "hang ''em all"!!
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- This may not be the proper venue for this question, but I do not know where else to ask. As an American citizen who has worked hard and now been through a series of events beyond my control, where may I apply for some sort of "bailout"? I certainly have mismanaged my funds, and loaned money that I knew would not get repaid, much like these large institutions. Where is the "bailout" for people like me? I am employed however things have been slow, no minor children, have credit card debt, and everyday and monthly expenses. Where can I go for help? I can not get a loan, welfare does not apply, (no minor children),where can I get a hand? Like I said, this may not be the right place to ask but please feel free to forward this to the appropriate person. Thank you
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- HoosierDad41, yeah, I''''ve heard of you. You''''re that fella who knows everything.......
Posted by hennighg
Guy''s a hoosier what do you expect? - Reply to this comment
- Oh by the way, Indian name "Dave" that you speak to when calling Dell for support wasn''t hired because of reduced OSHA and environmental standards. He was hired because he''s cheaper, period. There''s nothing wrong with that. The companies are operating within the system.
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- It''s a Catch 22 though because if you penalize companies for outsourcing jobs overseas, then the repercutions here are wage and hour cutbacks to offset higher rates. This lowers productivity and reduces profits, etc...
Let''s not forget that successful companies are a good thing. Profitable organizations are a good thing. It creates job stability, reinvestment in the economy, and long term growth. - Reply to this comment
- Your jobs are shipped overseas because unions have a stranglehold on many larger organizations and the labor is cheaper.
Posted by iblefty32 at 07:14 PM : Nov 12, 2008,
Yes. People have responsiblities that often get overlooked.
The reason jobs are being shipped offshore is take advantage of $ 8.00/per day labor, getting around OSHA and evironmental regulations. However, we as a nation also reward these companies with tax breaks and let them do business in our economy after they ship operations offshore.
My position is if they want to sell in our economy but take advantage of cheap labor offshore, then they should pay alot more in taxes. Basically we should make them pay tarrifs to sell in our economy since they are a foriegn company.
If globalization is going to provide a huge economic benefit to these companies, then let them move and sell their products where people make $ 8.00/day.
I know its isolationist thinking, but until everyone enforces the same regulations companies will move to where than can exploit cheap labor and pollute at will. Self regulation does not work. - Reply to this comment
- It must be great getting bonuses for bankrupting your company.
I need to find one of those companies to work for. - Reply to this comment
- Um, Walt, you''re an idiot, sorry. Let me guess, you also think that the World Trade Center was blown up by the government and that we didn''t actually land on the moon right?
Where do you live? In Vermont? - Reply to this comment
- Yes we agree to disagree, respectfully. Hence the debate lives on.
Posted by iblefty32 at 07:28 PM : Nov 12, 2008
LOL,,I can''t believe I spelled it wrong again,and I used "spel chek" too. LOL
Well thanks for the good wishes, and may all your fishes, be good. - Reply to this comment
- The Great Emperor Bush II is glad to see that the highly-paid, highly-perked, totally-absolutely-stupid executives on Wall Street and in Corporate America, who are responsible for creating the mess we are ALL in, will continue to receive their bonuses for the coming holidays.
The Great Emperor had feared that he would have to dip into his "slush fund" of $700 billion to compensate these corporate crooks, but now it appears he will just ORDER Congress to simply give him more money to give to Corporate and Financial America.
It is unfortunate that Congress did not attach a TIME LIMIT to the $700 billion, say, if not used in 2 months, the Treasury Department LOSES IT and it goes to bail out the taxpayer instead!!!!!
SIG HEIL, I''M A "CON ARTIST" AND PROUD OF IT!!!!, BUSH!!! - Reply to this comment
- Sorry to hear about your illness or any other misfortune. Since you joked about it, let''s try one more time - POLITICIANS...
Yes we agree to disagree, respectfully. Hence the debate lives on. - Reply to this comment
- Posted by iblefty32 at 07:22 PM : Nov 12, 2008
LOL, Well we do agree on something!
I say let it all fail. Just like how our "system" lets the little guy, and individual people/person fail.
If it''s good for the commoner, it''s good for the big guys. Sorry, that''s just how I feel about the bailouts. - Reply to this comment
- Posted by iblefty32 at 07:14 PM : Nov 12, 2008
Well, we are going to have agree to disagree, with the exception of my spelling of polititicans, LOL, but you are wrong on all the other points, as far as I''m concerned. I didn''t lose my house to the mortgage crisis. I lost mine because of an illness. But that''s another conversation.
Like I said before, you''re just plain wrong. - Reply to this comment
- Slim I agree with you on that. I don''t want to bail anyone out. Let capitalism rule and you sink or swim. The only problem in this situation is that letting AIG or the big banks fail puts the entire world economic system at risk and we can''t markets fail like that. Everyone loses everything if that happens. I''m on the fence on the auto industry. I agree they''ve made *** for years (union issue and awful engineering), but letting the big three fail will decimate all of Michigan and have tremendous market impact that will impact many Americans.
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- ***! If I had just gotten on welfare I could have qualified for that FHA home loan. Guess I missed the boat!
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