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#1
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The best way to reduce outsourcing is grow our own economy because the worse the growth is the more appealing outsourcing becomes. Of course that isnt easy to do especially when the govt appears to be wanting to enforce growth prohibiting practices and the global economy is still so shaky (our own issues contributing to that as well) |
#2
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With much respect, your policies of reducing taxes has not worked for many a year. With all due respect you continue to be locked in a 1980's time warp repeating the same tired mantra. These are extrodinary times and require extrodinary measures. Playing nice with those that have hijacked capitialism require thinking not found in a 1950's Economics textbook which most all of us have been operating from. But as I said before those that make the rules are owned by those that benefit from the rules so we are stymied. It will require a violent uprising for this country to ever get back on track. |
#3
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![]() Well, apparently while Hostess was failing, the CEOs were making sure they got theirs before 18,000 people lost their jobs:
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I love how the failure of businesses is always blamed on greedy unions (how dare they expect their employers keep their end of their contracts!) but it's just shrugged off when the guys at the top loot the company on the way out.
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Gentlemen! We're burning daylight! Riders up! -Bill Murray |
#4
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![]() This is from a balloon-juice post about the auto industry in 2008, but it applies here, too, other than I don't think Mitt has weighed in on the fate of Twinkies, probably because he doesn't eat junk food:
THE TRAGEDY OF THE AMERICAN AUTOMOBILE INDUSTRY:A Play in Three Acts Dramatis Personae BIG THREE, a manufacturer of automobiles UAW, Big Three’s employee MITT ROMNEY, an idiot ACT ONE BIG THREE: I have plans to build automobiles, but I need labor to do so! UAW: I will labor for you if you will pay me $40 per hour. BIG THREE: I will not pay you $40 per hour. UAW: But I need to save for my inevitible retirement, and any health concerns that may arise. BIG THREE: I will pay you $30 per hour, plus a generous pension of guaranteed payments and health care upon your retirement. UAW: Then I agree to work for you! ACT TWO UAW: I am building cars for you, as I have promised to do! BIG THREE: I am designing terrible cars that few people want to buy! Also, rather than save for UAW’s inevitible retirement when I will have to pay him the generous pension of guaranteed payments and health care that I promised, I am spending that money under the dubious assumption that my future revenues will be sufficient to meet those obligations. ACT THREE UAW: I have fulfilled my end of the deal by building the automobiles that you have asked me to build. BIG THREE: Oh no! I am undone! My automobiles are no longer competitive due to my years of poor planning and poor judgment! MITT ROMNEY: This is all UAW’s fault!
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Gentlemen! We're burning daylight! Riders up! -Bill Murray |
#5
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"If you lose the power to laugh, you lose the power to think" - Clarence Darrow, American lawyer (1857-1938) When you are right, no one remembers;when you are wrong, no one forgets. Thought for today.."No persons are more frequently wrong, than those who will not admit they are wrong" - Francois, Duc de la Rochefoucauld, French moralist (1613-1680) |
#6
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#7
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Nice farewell package for the top boys...Did all the employees get a 'mustering out' package... ![]() ![]()
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"If you lose the power to laugh, you lose the power to think" - Clarence Darrow, American lawyer (1857-1938) When you are right, no one remembers;when you are wrong, no one forgets. Thought for today.."No persons are more frequently wrong, than those who will not admit they are wrong" - Francois, Duc de la Rochefoucauld, French moralist (1613-1680) |
#8
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A good example is when the Meadowlands deal was being negotiated the union which the tellers were members of was hell bent on maintaining the status quo. Under the NJSEA labor costs were causing much of the losses due to the fact that as attendance waned and the use of modern technology (self betting machines) the necessity of the tellers was hugely diminished. Yet because the NJSEA consistently caved in to unions, a large number of overpaid, unnecessary tellers were on the books. There were some days where there were more tellers working than simulcast patrons. When Gural came in to try to buy the Meadowlands and more or less save the track (and the union jobs by proxy) they refused to budge even a little. Eventually the union had to circumvent its own rules and cede power away from its negotiating committee and membership to an executive board to prevent the entire racetrack deal from falling apart. What it came down to there was the tellers union had to be willing to accept a deal where 75% of its membership stayed employed at 80% of their salaries because the alternative was 100% of their membership was going to get 0 percent. When a small group of mostly unnecessary employees can undermine a project that employs and impacts thousands of people you often see the true colors of union leaders. Often the membership isnt to blame as they are just normal people trying to make a living. But the political nature and take no prisoners attitude of the heads of these unions and their unwillingness to actually try to compromise in order to make the best of a bad situation can not be overstated. |
#9
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#10
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I have done some work for a hedge fund for about 14 years. When things are going well, they have been generous to me. A few years back they were doing very well and they gave me a nice pay raise. But after about a year things went south and they told me that they could no longer afford to pay me the higher wage. They said they would have to go back to paying me what they were paying me before I got the raise. I didn't complain in the least bit. I totally understood the situation. The company was really struggling and they could no longer afford to pay me the higher wage. I had no problem with that. I don't understand why people complain in those types of situations. When things are bad, everyone should have to bite the bullet. |
#11
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http://blogs.wsj.com/corporate-intel.../tab/comments/ Fact is, union members have taken cuts and done givebacks in many, many industries, and in return, the CEOs continue to give themselves rewards, and then complain that these very middle-class contracts cost too much money. Contracts that they agreed to years before, and now are unwilling to honor. And yet, somehow the companies can afford numerous six- and seven-figure CEO salaries. There are several accounts at that link from Hostess employees. Well worth the read, to get an idea of what they've been going through the past several years.
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Gentlemen! We're burning daylight! Riders up! -Bill Murray |
#12
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I agree with you that CEOs should not be getting pay raises when employees are getting pay cuts. |
#13
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In sports the saying is "winning solves everything". Growing the economy solves most issues. It isnt easy to do especially with politicians pandering for votes, the voters wanting something regardless of which party is in charge (yeah everyone wants something whether it be social programs, tax cuts, prefered status, etc.) and most people being too stupid to realize this. |
#14
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#15
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If we tax our companies more and hold them to harsher regulations, how could they possibly produce a product that would be competitively priced with similar products made in China or India? The reason that the Walton family is really rich is because they figured out that our society values pricing over all else. Do you really think that Americans are going to start paying 5x as much for the same products because they are American made? |
#16
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what their lowest paid employee makes instead of 1,000,000 times. |
#17
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The salaries of executives of these corporations are more or less meaningless to the bottom line of the company.If a company makes a billion dollar profit what difference does it make if the CEO gets a 5 million dollar bonus? Trying to rein in pay in private enterprise will lead to more companies being based in the Isle of Mann or Aruba. |
#18
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Hillary Clinton was on the board of directors for Walmart, the Clinton's are big supporters of Walmart. hmm.. I wonder why Bill Clinton was so excited to sign the free trade agreement with China.... to help Walmart maybe?? http://articles.cnn.com/2000-10-10/p...PM:ALLPOLITICS Clinton has as big of a hand in this economic mess as any of the other players do.
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#19
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![]() http://www.businessweek.com/news/201...m-ireland-move
Here is an interesting article from BloombergBusinessweek. I guess we can't expect companies not to move their corporate headquarters, if we have what seems to be a corporate tax code that is so high, but do we have to reward them for doing so by giving them tax breaks for moving? |
#20
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This is an incredibly high end audio product that my company sells. It is very expensive and hand made in the only factory left in Binghamton, NY. They employ about 300 or so locals. The Chinese line up at this new store to purchase these luxury US made amplifiers etc. It is possible.
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don't run out of ammo. |