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Unsettled Economy & The Bailout

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  • Re: Unsettled Economy & The Bailout

    Originally posted by timkona View Post
    Electric Car. Less than $10k. Goes pretty far. Even in the rain. http://www.gemcar.com/

    How often can you actually go over 25-30 mph in this crazy traffic?
    Actually, the Ford Think is better than the GEM. The Think has a top speed of 35mph and a range of about 40 miles. Remember both the Think and the GEM are only legal on roads with a max. 35mph speed limit. They are good around town on most roads. Neither vehicle is currently in production. Used vehicles are for sale on Craig's List starting at $3000.
    Peace, Love, and Local Grindz

    People who form FIRM opinions with so little knowledge only pretend to be open-minded. They select their facts like food from a buffet. David R. Dow

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    • Re: Unsettled Economy & The Bailout

      Oh wonderful! Wall Street gets a bailout yet there are no regulations on officer compensations. Read the whole depressing story here.
      Peace, Love, and Local Grindz

      People who form FIRM opinions with so little knowledge only pretend to be open-minded. They select their facts like food from a buffet. David R. Dow

      Comment


      • Re: Unsettled Economy & The Bailout

        Hmmm...for every financial institution that receives even $1. of bailout money (taxpayer money), maybe, along with the amount of bailout money each institution received, the financial statements that show executive compensations could be posted on one specific web site...dedicated just for that purpose...with the URL listed as a PSA at the end of every news program and on the front page of the business section of every newspaper! Forever!

        Seriously, since the taxpayers will have a vested interest in these financial institutions, I would like easily accessible accountability.

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        • Re: Unsettled Economy & The Bailout

          It was on the Randi Rhodes Nova M show today that the bailed out banks are using the public funds to...acquire other banks. Socialism for the Rich, indeed. Randi checks her facts, she is almost always 100 % spot on.

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          • Re: Unsettled Economy & The Bailout

            Wisdom:

            http://www.youtube.com/watch?v=MCt2yRqlCcQ&eur

            1:58 - yup

            2:47 - yup; it's not a pretty picture
            * I would be most content if my children grew up to be the kind of people who think decorating consists mostly of building enough bookshelves. *
            - Anna Quindlen

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            • Re: Unsettled Economy & The Bailout

              Dow Jones down 300 pts in the wake of Obama election.

              Funny how stocks have been reacting negatively everytime Obama gained in the polls for the last month. No surprise what happened today.
              FutureNewsNetwork.com
              Energy answers are already here.

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              • Re: Unsettled Economy & The Bailout

                Originally posted by timkona View Post
                Dow Jones down 300 pts in the wake of Obama election.

                Funny how stocks have been reacting negatively everytime Obama gained in the polls for the last month. No surprise what happened today.
                Interpret it as you will, Tim, but that's not what experts are saying:
                "Yesterday's market action was in anticipation of an Obama victory - it looks like more of a landslide - now we're down to business and the market is going to wait until he talks about an economic plan," said Peter Cardillo, chief market economist at Avalon Partners.
                The anticipation of President-Elect Obama's victory sent the index UP 305.45 points yesterday, in the largest election day rise in the Dow ever.

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                • Re: Unsettled Economy & The Bailout

                  Oh no! Down a second day in a row! Forget all other economic factors of the past year - this HAS to be the fault of the Obama win!! The sky is falling - the sky is falling!!!




                  "glurg."

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                  • Re: Unsettled Economy & The Bailout

                    Now the automakers want to be included in the bailout! Where will this end? The automakers want the taxpayers to bail them out because they made bad business decisions. Every Tom, Dick, and Harry is going to be lining up to get their share from the pig trough. The bailout is an idea that is bad for the economy. Obama's first test is to see how he is going to handle the self centered corporate interests.
                    Peace, Love, and Local Grindz

                    People who form FIRM opinions with so little knowledge only pretend to be open-minded. They select their facts like food from a buffet. David R. Dow

                    Comment


                    • Re: Unsettled Economy & The Bailout

                      Yep, everybody who's screwed us will get bailed out except the screwee's.
                      https://www.facebook.com/Bobby-Ingan...5875444640256/

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                      • Re: Unsettled Economy & The Bailout

                        Automakers (and most of the rest of US Mfg) have been slowly destroyed by the Unions, and by poor vision of the overpaid Execs. Labor is a world commodity. Wage pressure is a killer to the bottom line of any large company.

                        I'm against any, and all, bailout ideas. Business is business. Leave business alone. The bad businesses go under, and new companies rise to fill the niche. And if you get your toes singed, then step back from the fire.

                        We are in big trouble due a historical fact of demographics. As the boomers age and leave the workforce, economy is bound to drop, just as it rose in the 80's when the same folks were entering the workforce. It's really not that hard to understand.
                        FutureNewsNetwork.com
                        Energy answers are already here.

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                        • Re: Unsettled Economy & The Bailout

                          the only automakers that are doing badly are the detroit automakers. elsewhere in the US where they dont have the same union pensions and favorable tax laws seem to be doing fine.
                          the bigger the government the smaller the citizen.

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                          • Re: Unsettled Economy & The Bailout

                            Originally posted by timkona View Post
                            Automakers (and most of the rest of US Mfg) have been slowly destroyed by the Unions, and by poor vision of the overpaid Execs. Labor is a world commodity. Wage pressure is a killer to the bottom line of any large company.
                            When in doubt, blame the unions/blue-collar workers for being greedy, huh?

                            Doesn't jive with US Census data, which shows the gap between the richest 20% and everyone else growing over the last 30 years.

                            Wanna know how greedy and wasteful CEOs and their cronies are? Read Jordan Belfort's The Wolf Of Wall Street. Those CEOs can moan and complain about how the unions are driving the company to the poor house,.... but at the same time, they see no problems with giving themselves salaries and bonuses that are so outrageous, they don't even know what to do with all the money they are getting. It's senselessly being spent on multiple vacation homes, luxury yachts, Lear jets, lavish parties,..... and yes, even drugs.

                            You can sympathize all you want with those "poor" CEOs for having to deal with the "greedy" unions. But when you get to see the lifestyle of those Fortune 500 execs, that sympathy will really be tested.
                            This post may contain an opinion that may conflict with your opinion. Do not take it personal. Polite discussion of difference of opinion is welcome.

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                            • Re: Unsettled Economy & The Bailout

                              Frankie, did you read the part about "poor vision of overpaid Execs" ???

                              $400,000 bonuses to one person, or $27/hr for everybody else who put round pegs in round holes.

                              I would argue that both are egregious. The problem is that LABOR is a world commodity. The price of labor in America is way out of sync with the rest of the planet.
                              FutureNewsNetwork.com
                              Energy answers are already here.

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                              • Originally posted by timkona View Post
                                Frankie, did you read the part about "poor vision of overpaid Execs" ???
                                Oh, I read that, all right.

                                To equate the "overpaid" compensation to execs with the wages of unionized workers is laughable. As I said, open your eyes and do some research on the extravagant lifestyles of men like Jordan Belfort. "Grossly overpaid" is more like it. And please, no arguments about Belfort being a special case. Don't make yourself sound so naive.

                                No, the outrageous salaries, bonuses, expense accounts, and golden parachutes given to these CEOs have been far more destructive than supposedly inflated wages and benefits that are given to the front line workers. And labor disputes are not always about unions greedily wanting increases. If you bother to check the facts, you will find that many times, the dispute is over workers fighting to merely maintain the wages/benefits that they already have, in the face of a company's threats to reduce them.

                                Nice try equating the two, but you're comparing a terminal illness to a toothache.
                                This post may contain an opinion that may conflict with your opinion. Do not take it personal. Polite discussion of difference of opinion is welcome.

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