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By mud, November 14, 2008 at 9:42 am Link to this comment
All so serious, there is little one can do but joke about it.
This blond joke somehow fits the occasion quite well. Unfortunately (in this scenario) we the American people are all “the blond”.
A blonde is on a four-engine plane crossing the Atlantic.
All of a sudden there’s a loud bang. The pilot announces over the intercom “I’m sorry, one of our engines has just shut off. We’ll be delayed 45 minutes.”
Suddenly there’s another bang. Once again, the intercom clicks on and the pilot expresses his regret that they’ll be delayed two hours.
Shortly thereafter, there is third bang and the pilot announces that they’ll be delayed 3 hours.
The blonde turns to the guy sitting beside her and says, “Man, if the fourth engine shuts off we’ll be up here all day.”
A funny joke but the real joke is that we are going to crash and burn and not to many get it. Yet.
By GW=MCHammered, November 14, 2008 at 7:44 am Link to this comment
Our system is not ‘democratic’ (electoral college/supreme court picks bush anyone?) nor does it have a ‘free market economic system’ (it’s a credit market/gambling hall/auction scheme). We need real pay for real work. No more Wall Street bundling, corporate thieving, pump-n-dump economics.
So long as the American Worker plays the victim, they will be abused. Take a week off folks. A week from work, buying, selling, etc. National Strike Week would show all that the buck starts and can stop right here.
By felicity, November 14, 2008 at 7:40 am Link to this comment
Zipping Paulson’s lip isn’t enough, he’s got to be put out to pasture - cutting off his stud privileges in the process.
Economic gurus are referring to today’s Street as the Casino. Paulson is standing at the same roulette table as the rest of us; round-and-round-it-goes-and-where-it-lands-nobody-knows. To suppose that Paulson knows where to place his bet (where the ball will land) is to be misinformed about the game of roulette.
By nrobi, November 14, 2008 at 6:10 am Link to this comment
American Workers are the backbone of the industries that have made America great.
Yet this “Bailout” has nothing to do with the American worker, it is all about the Wall Street deviants who have run this economy into the ground with their hare-brained schemes and derivative selling shills.
We the American people should be the ones benefiting from the bailout of the banks, yet with all of the cash infusion, that has occurred in the last 4 weeks, what have the banks and companies done with this money?
They have taken junkets, and vacations costing hundreds of thousands of dollars, bonuses worth millions of dollars and all without blinking an eye. With no thought of how they are supposed to administer the people’s money. With the economy in the worst shape it has ever been in, the people in charge of the Wall Street firms, are thumbing their collective noses at the people and using this money to benefit their own pockets and to help themselves to the trough of public money that the feel entitled to.
Enough already with the bailout scheme, give the money to those that really need it, the working poor and poor people that have nothing to spend and see what the economy does when there is a large infusion of capital in the form of spending and buying.
By davidperi, November 13, 2008 at 11:17 pm Link to this comment
As Countdown reported…where has the money gone? The banks are sitting on it!!
Shame on them for their narrow-mindedness in not knowing WHO are the real people who do most of the business with the banks for them to save, etc. And, in turn, these banks are trying to make more money in doing shaddy business deals.
By coloradokarl, November 13, 2008 at 10:10 pm Link to this comment
The whole profits=higher stock price=Keep the investors happy, is a real downer for any kind of a non union blue collar position. When I started skilled blue collar work in 1977 $20.00 was the wage to strive for. Today’s number for non-union work in my area is $22-$24.00. It’s no wonder people rely on credit for everything extra in their lives. I am not sure what the answer is. Unions? Non- Profit Corporations ? Maybe a massive new program of capital for NEW GREEN Companies. The Corporate business model doesn’t seem to be working for 95% of the Country (unless Indentured servitude IS the plan). I’ve already been told There must be something wrong with me. I’ve owned a couple of stores etc. I now like to work hard and not stress about all the B.S. We just need a wage high enough to get a little ahead, Just a little…..........Karl
By G.Anderson, November 13, 2008 at 9:50 pm Link to this comment
Take time to think about this, we are witnessing the greatest unraveling of economic activity in all of human history. If Gm goes under, we will be in a worse depression than the first one. But short of the US government loaning money directly for people to buy cars very litle will stop it.
The greedy banks used their bail out money to buy more banks, and thus credit ground to a halt. They made a fortune on selling the toxic debt they created and their greed makes them think they can continue to do so.
Right now millions of credit card companies are cancelling the cards of American’s for any reason, damaging your credit if your purchases are too small. After the cards are cancelled they will soon be sent to collection agencies, who will add thousands more dollars to the debt. They are also jacking their interest rates through the roof.
The credit card companies stooge Tom Delay rammed credit card reform though congress, and turned American’s into debt slaves. Who in their right mind would take on any more debt now? Until consumers get debt relief, the economy will head into depression, with a bottom waiting after 10 long years of this.
By troublesum, November 13, 2008 at 6:14 pm Link to this comment
This is from THE BIG SQUEEZE, Tough Times for the American Worker by Steven Greenhouse:
“As a result of the business model Sinegal [James Sinegal, CEO and founder of Cosco] adopted in the 1980’s, Cosco wages remain the envy of retail workers everywhere. Cosco workers, whether full-time or part-time, start at $11.50 an hour (one dollar above the average wage for all Wal-Mart full time workers). After four and a half years, Cosco workers reach $19.50 an hour, the top of the scale. For full time employees, that translates into more than $46,000 a year when one includes the $4,200 annual bonus and the company’s 4 percent contribution to each employee’s 401(k). The annual bonuses rise to $5,400 a year after ten years with the company and to $8,200 after twenty years, while the 401(k) contributions rise to 6 percent of annual pay after ten years and to an unusually high 9 percent after twenty-five years… In comparison, a Wal-Mart worker might average $23,000 after four years…
“WALL STREET ANALYSTS FREQUENTLY BADGER SINEGAL TO BE MORE TIGHTFISTED WITH COSCO’S WORKERS SO THAT THE COMPANY CAN BOOST ITS PROFITS…” (emphasis mine)
Wall Street analysts frequently advise (badger) corporations to keep wages and benefits down in order to increase profits. So my question is, are we bailing out wall street so that they will be able to keep on screwing the American worker? Why doesn’t the American worker have a voice in these bailout schemes? Should there be some strings attatched to all this money that’s being handed out? Will it be business as usual after things get back to normal, if they ever do, courtesy of the American taxpayer?
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