What difference does it make if China has a 262 billion dollar trade surplus or 300 billion it is a huge surplus and we have an even bigger deficit.
Caused in part by Cheap, defective, dangerous, toxic Chinese products.
You're the one that posted the original link/e-mail you tell me.. You put up to copy/pastes of e-mails you got that supported your belief that the economy is going to hell in a handbasket.. I just pointed out the sloppy reporting, sensationalism, and lack of facts in them.
You posted elsewhere to question authority.. I say question everything.
From what I've seen posted and bandied back and forth for the last couple pages.. It would save everyone a lot of time and energy if the "media/press" would report factually instead of using sensationalism to sell whatever.
Bottom line.. from the past few pages... The economy is growing, but at a slower pace than last year. Some people have concerns about rising energy costs, and depreciating home values. While not great, not exactly doom and gloom either.
From what I've seen posted and bandied back and forth for the last couple pages.. It would save everyone a lot of time and energy if the "media/press" would report factually instead of using sensationalism to sell whatever.
Bottom line.. from the past few pages... The economy is growing, but at a slower pace than last year. Some people have concerns about rising energy costs, and depreciating home values. While not great, not exactly doom and gloom either.
Nicely put.
Unfortunately I think there is a political twist in the reporting of the economy, but yes, sensationalism is alive and well and surely plays a part in it.
Like I have said before it ain’t over till it’s over.
Besides it is going down and has been since I started this thread.
Does that look even remotely good?
Actually it was pretty easy to take a historical look at this since you did give us a starting point. Using just the DJIA as a guide it has been higher than where it was when you started, and is currently lower. But we're talking about the economy as a whole, and if you're looking for trends look up the same DJIA and switch to a 5yr view. You will see a nice steady growth pattern.
edit.. couldn't get link to work correctly. But a google search of DJIA should get you to the charts.
[This message has been edited by Uaana (edited 01-11-2008).]
Though that is a wonderful example, and I recently said just that. We have been posting examples showing growth for 36 pages. Unfortunately there are a lot of panic types out there that don't understand how things work that are the driving force in recent declines. Now before Steve wets himself, that is a decline in growth which I know is hard for some to understand but it is still growth. I no longer expect either of them to get it.
The worst economy in 50 years! it's the economy stupid! bla bal bla some old horse sh!t
Fuel prices are primarily driven by speculation too, so think about these a holes spreading the fear and making millions in futures. Yes fuel is a problem but we will get through it.
Stocks get pummeled Wall Street suffers big selloff after AmEx profit warning, possible Merrill Lynch writedowns revive recession fears.
NEW YORK (CNNMoney.com) -- Stocks tanked Friday, extending the miserable start to 2008, after American Express's profit warning and Merrill Lynch's potential $15 billion writedown revived fears that the economy is heading into recession.
The acute economic fears have investors clamoring for more Federal Reserve action and they're betting that the central bank will cut rates by at least a half-percentage point at the end of its two-day meeting scheduled for Jan. 30.
The Dow Jones industrial average (INDU) lost around 247 points, after dropping more than 300 points earlier in the afternoon. Yet statistically, the point drop wasn't notable in that the Dow posted a bigger one-day decline only a week ago, reflecting the volatile nature of trading in the current environment.
Someone once said about investing.. you can make money in a bull market, you can make money in a bear market.. but pigs always get slaughtered.
Bill is looking at day to day trends and drive by media (what's the gloom of the day) and completely ignoring where we are in historical context.
Yes a 200 point drop off in 1932 would have been catastrophic, in todays market of 13+k it's an adjustment blip. Your boy Soros knows this as do any real investment broker or hell any semi serious follower of the market. Only reporters who know nothing of markets and or economics would even submit this kinda junk as news.. But then the media buyers who have to have their daily fix of "it's all going to hell" to justify their lot in life eat any and all negative news as proof that the US is going in the crapper unless we give them more money and gov't cheese.
the market would have to take a 1000+ point drop to even come close to what was experienced on black Tue.
And even then might not even start a panic. A. the DJIA is not the only market anymore even if it's at over 13,000 B. Investors have learned to spread along not just the dow but nikki, nasdaq, and other foreign / alternate markets.
I understand that living in your cave and waiting for your next hand out this might confuse or worry you.. but don't worry.. long term the economy is doing fine. (not great.. but fine would cover how things are going) real and or disciplined investors don't panic on blips.
Jobs going overseas, Banks being bought up by foreign investors, Chinese junk, toxic, rip-off toys, Yet more here would rather save a Buck and support another countries crap product than help the US out and buy American.
Ya we are doing just great.
How many here have lost good paying jobs to foreigners? Just keep it up and sooner or later, sooner from the looks of things we will all be looking for new jobs at half our last salary. Say what you like this is all contributing to the fall of the American way of life and America.
Investors also grew nervous after American Express Corp. warned that slower spending and more delinquencies on credit card payments will hamper profit throughout 2008. A profit warning from Tiffany & Co. added to Wall Street's unease about the fortitude of the consumer. "When Amex comes out and says that some of their well-to-do cardholders are having problems making payments that's just not good news," said Brandon Thomas, chief investment officer of Portfolio Management Consultants, the investment arm of Envestnet Asset Management.
A profit warning from Tiffany & Co. added to Wall Street's unease about the fortitude of the consumer.
Ok, again you're not getting it. A. This is a warning, they are saying be aware of an issue and plan accordingly. This is not "The economy is gong to hell" it's "Hey. by the way guy we've noticed a little problem with this particular item/segment."
Maybe its a communication thing.. you just don't understand investor speech? Kinda like how some people don't understand a thing their mechanic tells them.. Ohh good analogy.. If your mechanic told you that your tires were wearing a little unevenly would you automatically assume the whole car was dying? Same thing!
Jobs going overseas, Banks being bought up by foreign investors, Chinese junk, toxic, rip-off toys, Yet more here would rather save a Buck and support another countries crap product than help the US out and buy American.
Say what you like this is all contributing to the fall of the American way of life and America.
Wow.. Ok get all that, but what you're talking about is a different topic. Life will never be like it was in 1965 ever again. The mistakes made then and through out the 70s changed the game. You like the auto/UAW thing so we'll use that as an example. US car mfg's assumed they were the only game in town. They built junk for the most part. Cars that were only designed to last for 60k miles. They left themselves wide open to the emerging competition. To this day there are people some even on here that wont buy an American car because of the quality perception.
WASHINGTON (AP) — The faltering economy has caught the Iraq war as people's top worry, a national poll suggests, with the rapid turnabout already showing up on the presidential campaign trail and in maneuvering between President Bush and Congress. Twenty percent named the economy as the foremost problem in an Associated Press-Ipsos poll released Friday, virtually tying the 21 percent who cited the war. In October, the last time the survey posed the open-ended question about the country's top issue, the war came out on top by a 2-1 majority. About equal proportions of Republicans, Democrats and independents in the new poll said the economy was their major worry, suggesting the issue looms as a potent one in both parties' presidential contests. It was also cited evenly across all levels of income, underscoring the variety of economic problems the country faces.
Amid increasing trade, job, housing, stock market and gasoline price woes, candidates from each party have started talking about how they would bolster the economy. The issue looms as the dominant one in the next presidential contest: Tuesday's Republican primary in Michigan, which had a 7.4 percent unemployment rate in November that is the nation's worst.
It was also cited evenly across all levels of income, underscoring the variety of economic problems the country faces.
What, that someone took a poll and the economy is a top issue?
It shows that people are paying attention.. well at least to the "news" reports of all our economic "problems" Kind of encouraging that people are paying attention, and we should always be concerned about our economy. Maybe if more people did less money would be spent on junk and useless social programs, and their might be some accountability in spending.
Looks like you're a news watcher, you should know only bad news gets reported.
Finally.. Why all the concern? You're essentially self employed and self sufficient. Do you remember the last recession? When the tech stocks all crashed? What was the overall fall out? 90% of america would barely even notice and if the gov't does the right thing and cuts taxes across the board we'd be in better shape afterwards.
I'd be really worried about the economy too if I was sucker enough to fall for the doom and gloom stories who have more conjecture then fact in them and are riddled with with words like " might, maybe, could, and possible" to drive home how bad everything is. Or if I fell for the " because of housing woes" reason that gets tagged for every little drop.
I started this thread because of my concerns of the economy. I have always had well paying jobs, but with my present condition we are basically dependant on my small monthly disability check and Melanie‘s farm income that is to say the least sporadic. Basically what I used to bring home a week.
What do you do for a living? I see in your profile that you list account manager as your occupation. But that can mean a lot of things, from bank manager to accountant.
I see this impacting Melanie’s income because she raises dogs. A very economy driven business, if people don’t have disposable incomes because of the economy they don’t buy as readily.
I am not an idiot, I have been in the work force for over 35 years so I know a lot more than some here have given me credit for because they simple disagree with me.
That doesn’t make what I say wrong.
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
I started this thread because of my concerns of the economy. <snip>
That doesn’t make what I say wrong.
Fair enough, and there have been some good responses in here. You have successful people in here, some moderately successful people, and some who are currently under/unemployed. I won't name names I'm pretty sure you can break them down on your own. Now look at the replies from these three groups how do they differ? Who do you think has a better handle on things and the economic outlook of the country. I'm an account manager for an e-commerce company and things have never looked better, more people are buying online every day. I know where our company was 10yrs ago, and where we are today, and what our plans for the future are. {edit to add} Melanie should still be fine, she's in a niche market. Dog people will always be dog people and will go to some length to get the one they want. Also if she/you were to expand the farm a bit, there's the growing trend of people wanting organic, farm fresh produce. No hormone chicken eggs and stuff like that.
[This message has been edited by Uaana (edited 01-12-2008).]
I don’t worry about us, what I worry about is that the people here who have an education don’t see what is happening to this country and the economy.
E commerce is at best on it’s way up, yes, but with today’s fad of sending work overseas just how long before your job and others are outsourced?
10 years ago it was at best a startup company, right?
So you are what 30-35 at the most?
You have not seen what I and others here have seen, and remember.
You don’t get it obviously just as others here don’t get it. It is getting worse as time goes by. The constant infusion of money by the government of money we don’t have. Jobs going overseas and American jobs going down hill, pay wise. Sure the unemployment numbers are not real bad because peoples benefits run out. Others give up on looking for good paying jobs and take something paying a lot less, just to get by. Then those people can’t pay those credit card bills, mortgages, car payments. Gas and fuel oil prices skyrocketing, with no end in sight.
Has your pay kept up with the price of gas?
I say by the end of this year we are going to be one of the worst recessions we have seen, if not worse.
Say what you like. Lets see what happens come the end of this year.
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
E commerce is at best on it’s way up, yes, but with today’s fad of sending work overseas just how long before your job and others are outsourced? I guess you missed the earlier article I posted. We're doing alright and growing every year (the sector as a whole) Most of the weaker companies have been bought out or failed outright. Outsourced? Interesting thought, we have offices in Tokyo, Taipei, London, Cologne, and Shannon. We do use some Indian contractors already, I'm actually training 3 of them now. It's not really the kind of job you can outsource as we have to meet clients.. It would be like outsourcing a car salesman to India.. just doesn't make sense.
10 years ago it was at best a startup company, right? Close, 14
So you are what 30-35 at the most? 39, turn 40 this year.
You have not seen what I and others here have seen, and remember.
Yes I do, I remember the Carter years, start of the Misery index. I remember the 80s and 10+percent morgtages. Living through that time pushed my in the direction of becoming a conservative. Being Teamster finished the tilt.
Has your pay kept up with the price of gas? Exceeded it.
I say by the end of this year we are going to be one of the worst recessions we have seen, if not worse. Hope not, one of the reasons I follow politics. I see this and the previous group spending too much of our money on useless junk (earmarks) We need some people who understand fiscal responsibility and will make the cuts where needed.
Social Security is broken period, and will need to be changed. Medicare not far behind, Bush's plan while not perfect has helped quite a bit with a bankrupt system.
What I want to see is an end of the Hand out government and entitlement mentality. The last bunch of R's acted like Dem lights, spending money like Squids on liberty. Say what you like. Lets see what happens come the end of this year.
I hope you're wrong. I'm not excited about the economy tanking, and I hope the Fed/Congress/Senate/Pres pull their head out of their collective asses. The main thing that has kept the econ rolling as it has is lack of gov't involvement soon as you start letting peanut farmers, and trial lawyers mess with fiscal policy you're asking for bad things.
PS. I purposely didn't touch too much on the outsourcing buying foreign stuff for a reason.. We've had that debate before on the various Union threads.. It will never be 1965 again.. period
See I remember the Nixon years, even the Johnson years, to be honest I remember Kennedy getting shot. I’m 52, 53 in 2 months.
So I have seen just a little more of what the politicians can do to the country.
Seen the gas embargos and gas lines of the 70’s. I remember waiting in line for gas only to get there to have no gas.
Between the politicians and the CEO’s were are lucky to have any jobs here. None of them care about anyone else but themselves and just how fat they can get their retirement funds.
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
[QUOTE]Originally posted by 84fiero123: Between the politicians and the CEO’s were are lucky to have any jobs here. None of them care about anyone else but themselves and just how fat they can get their retirement funds.
And you would do the same in their situation. Greed and selfishness are basic principles of the human race, we wouldn't be where we are without them.
Chronology August 23, 1973—In preparation for the Yom Kippur War, Saudi King Faisal and Egyptian president Anwar Sadat meet in Riyadh and secretly negotiate an accord whereby the Arabs will use the "oil weapon" as part of the upcoming military conflict[3]. September 15—The Organization of Petroleum Exporting Countries (OPEC) declares a negotiating front, consisting of the 6 Persian Gulf States, to pressure for price increases and an end to support of Israel, based on the 1971 Tehran agreement. October 6—Egypt and Syria attack Israel on Yom Kippur, starting the fourth Arab-Israeli War. October 8–October 10—OPEC negotiations with oil companies to revise the 1971 Tehran price agreement fail. October 16—Saudi Arabia, Iran, Iraq, Abu Dhabi, Kuwait, and Qatar unilaterally raise posted prices by 17% to $3.65 per barrel and announce production cuts. October 17—OPEC oil ministers agree to use oil as a weapon to punish the West for its support of Israel in the Arab-Israeli war. They recommend an embargo against unfriendly states and mandate a cut in exports. October 19—Saudi Arabia, Libya and other Arab states proclaim an embargo on oil exports to the United States. October 23–October 28—The Arab oil embargo is extended to the Netherlands. November 5—Arab producers announce a 25% output cut. A further 5% cut is threatened. November 23—The Arab embargo is extended to Portugal, Rhodesia, and South Africa. November 27—U.S. President Richard Nixon signs the Emergency Petroleum Allocation Act authorizing price, production, allocation and marketing controls. December 9—Arab oil ministers agree to another five percent cut for non-friendly countries for January 1974. December 25—Arab oil ministers cancel the five percent output cut for January. Saudi oil minister Yamani promises a ten percent OPEC production rise. January 7–January 9, 1974—OPEC decides to freeze prices until April 1. February 11—United States Secretary of State Henry Kissinger unveils the Project Independence plan to make U.S. energy independent. February 12–February 14—Progress in Arab-Israeli disengagement brings discussion of oil strategy among the heads of state of Algeria, Egypt, Syria and Saudi Arabia. March 17—Arab oil ministers, with the exception of Libya, announce the end of the embargo against the United States.
The effects of the embargo were immediate. OPEC forced the oil companies to increase payments drastically. The price of oil quadrupled by 1974 to nearly US$12 per barrel (75 US$/m³).[4] This increase in the price of oil had a dramatic effect on oil exporting nations, for the countries of the Middle East who had long been dominated by the industrial powers were seen to have acquired control of a vital commodity. The traditional flow of capital reversed as the oil exporting nations accumulated vast wealth. Some of the income was dispensed in the form of aid to other underdeveloped nations whose economies had been caught between higher prices of oil and lower prices for their own export commodities and raw materials amid shrinking Western demand for their goods. Much of it, however, fell into the hands of elites who reinvested it in the West or enhanced their own well-being. Much was absorbed in massive arms purchases that exacerbated political tensions, particularly in the Middle East. OPEC-member states in the developing world withheld the prospect of nationalization of the companies' holdings in their countries. Most notably, the Saudis acquired operating control of Aramco, fully nationalizing it in 1980 under the leadership of Ahmed Zaki Yamani. As other OPEC nations followed suit, the cartel's income soared. Saudi Arabia, awash with profits, undertook a series of ambitious five-year development plans, of which the most ambitious, begun in 1980, called for the expenditure of $250 billion. Other cartel members also undertook major economic development programs. Meanwhile, the shock produced chaos in the West. In the United States, the retail price of a gallon of gasoline rose from a national average of 38.5 cents in May 1973 to 55.1 cents in June 1974. Meanwhile, New York Stock Exchange shares lost $97 billion in value in six weeks. With the onset of the embargo, U.S. imports of oil from the Arab countries dropped from 1.2 million barrels (190,000 m³) per day to 19,000 barrels (3,000 m³). Daily consumption dropped by 6.1% from September to February, and by 7% during summer of 1974, as the United States suffered its first fuel shortage since the Second World War.[citations needed]
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
Originally posted by AntiKev: And you would do the same in their situation. Greed and selfishness are basic principles of the human race, we wouldn't be where we are without them.
NO
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
i stole this from another forum, but the guy is spot on with explaining the current state of affairs. Everybody that believes the country is still in a state of growth, please read this and click the link. There are plenty of graphs that show how actual growth is much lower than reported when you use CPI.
quote
Ok, this is a challenge for some economists to really grasp because of the brainwashing they must endure before they achieve the title of economists. I hope I can explain it in such a way that it is easy to understand. I hope this will better illustrate why U.S. investors are being completely fooled and manipulated.
First, go to this link and view the very first graph labeled "Dow stock index"
This graph uses real inflation, and inflation produced by the government. This is important. Look at both lines. If you look at real inflation, you will notice that the Dow is not any higher since 1995. For 12 years the stock market has done nothing, zip, nada. If you had 10k invested in the Dow index in 1995, then today in 2008 you would still only have 10k in purchasing power. Granted you would have been somewhat insulated from inflation at that time, but then just look at it if you got in 1999. People think the market is going up, it is not. The market is just riding up with inflation.
Now consider this. The stock market is going down at the moment. So if the stock market is going down and the USD is going down, which is what the market is priced in, then consider how fast you are losing money. You are losing money in two ways at the same time.
The stock market is going down now, but soon inflation will really take hold (6-12 months imo). The stock markets WILL go up once inflationary profits are realized b/c the USD will keep going down. It will. Remember this though...inflationary profits are not real profits. They are an illusion. Even though the market will appear like it is going up, your purchasing power is really going down. Do not be fooled. As U.S. citizens we are not used to high inflation. You have to alter your mentality or you will lose. If you look up any economy that experienced hyperinflation, this was always the case. Investors lose. You can not even short stocks and make money anymore because the whole market is green. It is the currency that is the root of the problem...
Please do not trust an advisor or broker or whatever. They have no clue. This is not textbook. There is no game plan for this. They have nothing to recommend to you by using their scripted responses. Research this on your own and be light years ahead of entry Wall Street investors...big smart money left late 2007....bag holders will be left with the rest if you are just an average investor...
Oh.. Thank You... Thank You... Thank You... I've been saved!!! The world has suddenly gotten better. I see no limit credit cards & money falling like rain from the sky. Gas, food, housing all cheap, cheap, cheap. Oh my.... Thank You!
Here... This is for you
SH Sew it into your spandex costume, just be sure place it over the spot where your fist makes contact with your chest.
quote
Originally posted by My Personal Hero: Again.. look at the 1, 3, 5 yr trends
Someone once said about investing.. you can make money in a bull market, you can make money in a bear market.. but pigs always get slaughtered.
Bill is looking at day to day trends and drive by media (what's the gloom of the day) and completely ignoring where we are in historical context.
Yes a 200 point drop off in 1932 would have been catastrophic, in todays market of 13+k it's an adjustment blip. Your boy Soros knows this as do any real investment broker or hell any semi serious follower of the market. Only reporters who know nothing of markets and or economics would even submit this kinda junk as news.. But then the media buyers who have to have their daily fix of "it's all going to hell" to justify their lot in life eat any and all negative news as proof that the US is going in the crapper unless we give them more money and gov't cheese.
quote
Originally posted by My Personal Hero:
Or to make things simple for Bill.
the market would have to take a 1000+ point drop to even come close to what was experienced on black Tue.
And even then might not even start a panic. A. the DJIA is not the only market anymore even if it's at over 13,000 B. Investors have learned to spread along not just the dow but nikki, nasdaq, and other foreign / alternate markets.
I understand that living in your cave and waiting for your next hand out this might confuse or worry you.. but don't worry.. long term the economy is doing fine. (not great.. but fine would cover how things are going) real and or disciplined investors don't panic on blips.
If everything is just rosy and bright then why has the fed been slashing rates and releasing billions of dollars into the system?
Well.....? Can you explain that to all of us mere mortals who obviously lack your superior economic X-Ray vision?
In case of emergency, slash rates Some are calling for the Fed to cut rates sooner rather than later, since Wall Street thinks we're heading into a recession -- if we're not already in one.
[This message has been edited by 84Bill (edited 01-13-2008).]
Where's all the "goldilocks" economists to bash my post? I guess because there's no reference to the words "would" or "could" or "toilet" they don't have an argument. Too hard to bash facts I guess.
More proof foreign countries are loosing faith in the dollar........
quote
Dollars No Good at Indian Tourist Sites January 3, 2008 - 6:40am NEW DELHI (AP) - No dollars, just rupees please
In a sign of how the once mighty U.S. dollar has fallen, India's tourism minister said Thursday that U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the famed Taj Mahal.
For years the dollar was worth about 50 rupees and tourists visiting most sites in India were charged either $5 or 250 rupees.
But with the dollar at a nine-year low against the rupee _ falling 11 percent in 2007 alone and now hovering at around 39 rupees _ that deal has become a losing proposition for the tourism industry.
The country's tourism minister said, though, that the decision was only in part a reaction to the currency's plunging value.
"Before the dollar lost its value, there was a demand to have (admission tickets) just in rupees," Tourism Minister Ambika Soni told the CNN-IBN news channel.
Soni said that charging only rupees would not only be more practical, but would save money because "the dollar was weaker against the rupee."
The Taj Mahal, India's famed white marble monument to love, which had charged tourists $15 or 750 rupees, has been refusing to accept dollars since November.
The move makes visits pricier for American tourists, who now have to shell out nearly $20.
And it's likely to get worse.
"We expect a slight appreciation of the rupee to continue, although it won't be as dramatic as last year," said Agam Gupta, head of foreign exchange trading at Standard Chartered Bank in India.
The dollar has fallen against most major currencies, and it has lost ground against the rupee due to an influx of foreign capital into India, said Gupta.
Soni said she was not worried about the decision affecting tourism numbers as India provided more than just budget attractions.
"I always say it's not numbers I am looking for or working for. I am working for tourists to have a complete experience," she said.
(Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
NEW YORK (Fortune) -- Guess who's helping Bank of America pay for its $4.1 billion purchase of Countrywide Financial? Answer: The taxpayers of the United States.
Really? Where do you think that "greedy CEOs", not to mention power hungry politicians, come from? Outer space? I got news for you - they are just like you or me, but they've tasted power and money. That's human nature, bubba. Give a human being enough power and/or money, and that's what happens.
Originally posted by fierobear: Really? Where do you think that "greedy CEOs", not to mention power hungry politicians, come from? Outer space? I got news for you - they are just like you or me, but they've tasted power and money. That's human nature, bubba. Give a human being enough power and/or money, and that's what happens.
No they are just like you, not me. I don’t try to screw over anyone. I try to get a reasonable wage for a reasonable days work.
It may be human nature to try and screw over your fellow man to you. To me it is not. I know that the salesmen in this country try to screw everyone but then they feel they are owed it. I do not.
All I want is to get what I have earned, yet the CEO, politicians, salesmen need to be on top. You may feel that way but I do not.
Don’t put your ideas of how life is into my life.
I work for a living, or at least did for the last 35+ years. I expect to be respected for what I know and am capable of. To be paid appropriately for it.
Maybe that is the reason that you and others feel I am over paid, union workers are overpaid. Funny how you feel and others that no one is worth what they are paid if they belong to a union. Yet those CEO’s are not overpaid when it is the CEO and upper management who destroy this countries businesses.
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
What I've noticed, Mr. Bitter, is that you and Bill and maybe 1-2 other people are the only ones really upset and blaming our economic and business problems on the CEOs. Bill lives off of government handouts and you live off of government disability.
So, the two people that cry the most about CEOs' pay and the economy are both on government handouts and on the lower end of the pay scale.
Me: Middle Class Phranc: Middle Class Uanna: Middle Class Fierobear: Middle Class Toddster: Middle Class The list goes on and on....
So, this is why I call you Mr. B-I-T-T-E-R.
___________________________________________
What do you get when you pay 50,000 union workers an extra $10/hr????????? About $100 million dollars wasted.
What do you get when you pay a CEO $10 million a year???????????? About $9 million dollars wasted.
[This message has been edited by aceman (edited 01-14-2008).]
I have posted 4174 times, since October 04 You have posted 2216 times, since February 03
Ace get a life. You are not right, need help, see a shrink.
So, that would mean that you have posted TWICE as much in less time...........Who needs to get a life?????
Once again, your logic or lack thereof is AMAZING.
Perhaps you post that much because you have more people that argue directly with you because your views and logic are many/most of the time....WRONG or SKEWED.
Sorry but in that other thread, if you would have just said........The guy was nuts, I wouldn't have posted "here we go again." You love to try to link someone's education with what's wrong with society.
