The money from employees and their families...
Posted By: sam on 2008-09-25
In Reply to: McCain and Fannie and Freddie - mt
is called "bundling." Lobbyists use "bundling" to get around finance limits.
The donkey in the room here, that you seem content to ignore, is that the Democrats, including Barack Obama, created this mess. They had a chance to stop it in 2005-2006 and did not. That is a fact. McCain tried to get legislation passed, they balked. If they did not do it for mnoney, I don't know why they did it...but the fact is, they did it, and WE are left holding the bag. And now, when Obama has a chance to help fix it, he is refusing again. Said "call me if you need me." Well I want a President I don't have to call. I expect when he is "multitasking" that he prioritizes, and the looming economic failure and the $700 billion it is going to take to get us out of it, is more important than a debate. What difference does 3 days make in the face of that?
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95 percent of WORKING families, not welfare families sm
Working families will get the tax break, not welfare families. The money will come from removing the tax breaks for the rich. Obama is going back to the exact tax structure Clinton had. That is when we were in the black. Bush came into office and gave the rich a break. Very simple to understand, but I guess not for Fox news watchers.
GM employees
I will agree that I it is really hard to conceive the government bailing out the big 3 needing billions of dollars, ok so what happened to all the money the big 3 made in the past? They need a plan. Everywhere I look I see foreclosed houses in my area, it is very sad. For the person with the pharmacist dad in Flushing...Let me guess, Cherry Street Pharmacy?
Well the GM salaried retirees, which includes my father-in-law, are losing their health benefits come the first of the year. He is a colorectal survivor with a permanent colostomy and self catherization for the past 13 years, those are a lot of mandatory daily supplies, so I hope that Medicare kicks in on coverage. I don’t think that “working in the shop” was at all glamorous, my dad busted his butt for GM for 38 years plus worked on the farm with my grandparents and my brother went of to the fire pits of h3ll (100+ degrees every day) at Saginaw Grey Iron (which is a foundry) for the last ten years of his GM “career”. Back in the day, GM provided a good income to people, like my dad, who was a hard worker, but had no means of gaining an education. He married my mother, who was a widow with four children before they had me, without being a GM employee, he could have never provided for an instant family on the wages he made as a farmer. I think there are a lot of people in Michigan who forget how thankful they should be to GM. Another way to look at it is, every GM employee coming to your dad’s pharmacy had insurance to pay for their medicine, so he knew that he was going to get paid as well. Just another perspective. Thanks.
Citigroup to cut another 53,000 employees
Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
The New York-based bank, which has already reduced its assets by about 20 percent since the first quarter of the year, also plans to trim expenses by 19 percent in 2009 from third-quarter levels, to $50 billion.
The plans, posted on the company’s Web site, were discussed by CEO Vikram Pandit at the company’s town hall meeting in New York Monday with employees.
The company said it is shrinking its work force by 20 percent from its 2007 peak of 375,000. The company had already announced in October that it was eliminating about 22,000 jobs from that level.
About half of the expected work force reductions will come from business sales; Citigroup already announced that it was selling Citi Global Services and its German retail banking business, accounting for about 18,000 jobs. Citi is planning to sell other businesses, too, but has not announced them yet, a spokesman said.
The other half of the work force reductions will come from layoffs and attrition, the spokesman said.
The New York-based bank has posted four straight quarterly losses, including a loss of $2.8 billion during the third quarter.
In an effort to instill confidence in the company, Citigroup emphasized in its presentation Monday that its Tier 1 capital ratio, a measure of financial strength, is 10.4 percent after a $25 billion investment from the government — part of the $700 billion financial rescue package passed by Congress last month. That ratio is higher than peers Bank of America Corp. and Wells Fargo & Co., after their purchases of Merrill Lynch and Wachovia Corp., respectively.
Citigroup also stressed that it has doubled reserves in a year to $24 billion; that its revenues are stable; and that Citigroup has lower exposure to U.S. consumer mortgages than JPMorgan Chase & Co., Bank of America and Wells Fargo.
But the announcements were not met with enthusiasm from investors. Citi shares fell 46 cents, or 4.8 percent, to $9.06 in morning trading. The company’s shares have been trading at 13-year lows.
Shortly before the town hall meeting in New York, Citigroup Chairman Win Bischoff said at a business forum in Dubai, United Arab Emirates, that it would be irresponsible for Citi and other companies not to look at staffing in the event of a prolonged economic downturn.
“What all of us have done — and perhaps injudiciously — we’ve added a lot of people over ... this very benign period,” Bischoff said.
“If there is a reversion to the mean ... those job losses will obviously fall particularly heavily on the financial sector,” he added. “Certainly they will fall particularly heavily on London and New York.”
A Citigroup spokesman said that while certain regions and businesses might have higher concentrations of job cuts, they would generally be across the entire company and around the world.
In his comments to The Associated Press, Bischoff did not rule out the likelihood that Citi’s leaders would go without bonuses this year — a move that would effectively amount to a substantial pay cut for the company’s executives.
“Watch this space,” he said when asked about lost bonuses.
On Sunday, Goldman Sachs Group Inc. said seven top executives, including Chief Executive Lloyd Blankfein, opted out of receiving cash or stock bonuses for 2008 amid the ongoing credit crisis.
Letter to my employees...
Not sure who wrote this letter, but its quite a good read..
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last years Christmas party. I'm sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you don't see is the back story.
I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.
My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... You never realize the back story and the sacrifices I've made.
Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I've paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.
When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.
So where am I going with all this?
It's quite simple.
If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem any more.
Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.
If you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about....
Signed,
Your boss
Would you like the employees to work for free?
The union already made major concessions in their contract whereas new hires make 50% of what longer term employees make plus they do not receive the same benefits. I don't know it to be fact but I expect they have already got rid of a lot of the higher paid workers and replaced them with lower cost new hires. Sorta like what has been going on in the MT industry!!!! They'll probably end up filing bankruptcy, using that to void the union contracts and workers will probably be paid $10 an hour with no benefits...if they're lucky. Of course they'll likely get rid of all union workers as they won't want any union organizers around to rock their corporate boat.
It makes me angry to hear supposedly American worker brothers and sisters trying to lay the blame at the feet of the workers. Complaining about workers pay while not mentioning a word about the corporate jets that flew these A-hole CEOs to Washington to beg for money is sort of like, as one person said, "going to a soup kitchen in a tuxedo." Makes me furious.
Who do you think hires employees? It AINT the
nm
10 federal employees and 1 w/ criminal charges
over improper relationships between interior dept officials who oversee offshore drilling and oil executives...............Big oil? Offshore drilling? Run afoul of the law?Nahhhhh
Alaska AG: State employees won't honor
By STEVE QUINN
JUNEAU, Alaska (AP) - Alaska's investigation into whether Gov. Sarah Palin abused her power, a potentially damaging distraction for John McCain's presidential campaign, ran into intensified resistance Tuesday when the attorney general said state employees would refuse to honor subpoenas in the case.
In a letter to state Sen. Hollis French, the Democrat overseeing the investigation, Republican Attorney General Talis Colberg asked that the subpoenas be withdrawn. He also said the employees would refuse to appear unless either the full state Senate or the entire Legislature votes to compel their testimony.
Colberg, who was appointed by Palin, said the employees are caught between their respect for the Legislature and their loyalty to the governor, who initially agreed to cooperate with the inquiry but has increasingly opposed it since McCain chose her as his running mate.
"This is an untenable position for our clients because the governor has so strongly stated that the subpoenas issued by your committee are of questionable validity," Colberg wrote.
Last week, French's Senate Judiciary Committee subpoenaed 13 people. They include 10 employees of Palin's administration and three who are not: her husband, Todd Palin; John Bitney, Palin's former legislative liaison who now is chief of staff for Republican House Speaker John Harris; and Murlene Wilkes, a state contractor.
French did not immediately return a telephone call Tuesday for comment.
Earlier in the day, Harris, who two months ago supported the "Troopergate" investigation, openly questioned its impartiality and raised the possibility of delaying the findings.
Like Colberg's letter, the surprise maneuver by Harris reflected deepening resolve by Republicans to spare Palin embarrassment or worse in the final weeks of the presidential campaign.
And it marked a further fraying of a bipartisan consensus, formed by a unanimous panel before Palin became McCain's running mate, that her firing of the state's public safety commissioner justified the ethical investigation.
In a letter, Harris wrote that what "started as a bipartisan and impartial effort is becoming overshadowed by public comments from individuals at both ends of the political spectrum," and he urged lawmakers to meet quickly to decide on a course.
"What I may be in favor of is having the report delayed, but only if it becomes a blatant partisan issue," he told The Associated Press, while indicating he already believes it has become politically tainted.
Democratic state Sen. Kim Elton, chairman of the Legislative Council, the 14-member panel that authorized the probe, had no immediate comment on Harris' request. Under an unusual power-sharing agreement, the council is made up of 10 Republicans and 4 Democrats.
At issue is whether Palin abused her power by pressing the commissioner to remove her former brother-in-law as an Alaska state trooper, then firing the commissioner when he didn't.
The matter risks casting a shadow on Palin's reputation, central to her appeal in the campaign, that she is a clean-government advocate who takes on entrenched interests - not a governor who tried to use her authority behind the scenes to settle a personal score.
Palin has defended her behavior and said she welcomed the investigation. "Hold me accountable," she said. But she and the McCain campaign have taken actions that could slow the probe, possibly past Election Day.
Also Tuesday, five Republican state lawmakers filed a lawsuit against an investigation they called "unlawful, biased, partial and partisan." None serves on the bipartisan Legislative Council that unanimously approved the inquiry. They want it pushed past the election or top Democrats removed from the probe.
Making clear the dispute has ramifications beyond Alaska, Liberty Legal Institute, a Texas-based legal advocacy group, was working on the lawsuit. The institute has taken on a variety of cases in defense of conservative Christian positions.
Elton called the lawsuit "a distraction."
"The silver lining in this action initiated by the five lawmakers is that some of that debate now has been kicked to the judicial branch which, unlike the Legislature and the governor's office, is more insulated from the red-hot passion of presidential politics," he said.
Palin fired public safety commissioner Walt Monegan in July.
Weeks later, it emerged that Palin, her husband, Todd, and several high-level staffers had contacted Monegan about state trooper Mike Wooten, who had gone through a nasty divorce from Palin's sister before Palin became governor. While Monegan says no one from the administration ever told him directly to fire Wooten, he says their repeated contacts made it clear they wanted Wooten gone.
Palin maintains she fired Monegan over budget disagreements, not because he wouldn't dismiss her ex-brother-in-law. She has sought through her lawyer to have the matter investigated in a more favorable forum, the state personnel board.
Not in time for Chrysler, its employees, downstream businesses
x
AIG Employees Starting to Give Back Bonuses
WASHINGTON -- The chief executive officer of failed insurance conglomerate AIG told lawmakers Wednesday that he has asked executives to give back at least half of their bonuses.
Edward Libby, chairman and CEO of the American International Group, said that some workers there already have volunteered to return the money.
http://www.foxnews.com/politics/2009/03/18/aig-chairman-faces-congressional-grilling-bonuses/
Tell that to the families of the 100,000
Bet they might beg to differ.
I am sorry for their families.
x
Printing money we dont have? Borrowing money
nm
Yes, there are other families (liberals)
with the same problems as well. Bush's family seems to take the lead as far as number of people who are drunks or drug addicts.
Now, if you don't mind, I think I will stop responding to your posts. It's much more entertaining watching you talking to yourself on this board.
I hope you find the attention you so desperately seek, but you're not getting any more of it from me.
Have a pleasant day, dear. 
Tell that to the 7300 families who are..sm
without jobs. How are they different from DHL's 9000????
The point is that America is crumbling down around our ears faster than we can sweep up. I'm not blaming Bush, I'm not blaming Obama. I am just stating the obvious. America is dying..........is there a doctor in the house?
I never ever judge people by their families. sm
I hope no one ever judges me by mine! No, I don't think he meant what he said. I believe they mean he was a deputy for 17 years. It said 17-year, not year-old. :)
Kids from families making as much as $83,000
Bush was lying about that, as the $83,000 income level limit was not a part of the bill that he vetoed. Also, Democrats already worked with Republicans and compromised quite a bit to come up with a bill that many in both parties agreed upon - too bad only one guy matters, huh? It's a sad day for many struggling middle-class families, but at least the issue has had a big spot light shined upon it - hopefully we can make some much-needed changes to make healthcare more affordable now. All kids deserve healthcare, regardless of how much money their parents make or don't make!!!
Here's a section of a New York Times Article that states that the $83,000 guideline was not a part of the bill that was just vetoed:
"This program expands coverage, federal coverage, up to families earning $83,000 a year. That doesn't sound poor to me," the president told the Lancaster audience.
Dorn says that's not exactly right, either. "This bill would actually put new limits in place to keep states from going to very high-income levels. SCHIP money would no longer be available over 300 percent of the federal poverty level, which is about $60,000 for a family of four."
The president gets to make the $83,000 claim because New York had wanted to allow children in families with incomes up to four times the poverty level onto the program. That is, indeed, $82,600. The Department of Health and Human Services rejected New York's plan last month, and under the bill, that denial would stand. White House officials warn, however, that the bill would allow a future administration to grant New York's request.
link to the entire article: http://www.npr.org/templates/story/story.php?storyId=14962685
You have an issue...dissecting families.
Nice.
You are right, both sides have beautiful families sm
Obamas/Biden's and McCain/Palin.
Though, I don't know how real Cindy McCain is.
O will cut taxes for 95% to benefit WC families.
Then ask yourself which group you fall into. If you are in the top 5% economic class or area huge corporation, then by all means you should not vote for O. Take off your party hat and give this some real consideration.
Families abandon their own a lot anymore.
nm
Many of them are innocent and should be sent home to their families.
You should be more frightened of the American prisoners than the alleged terrorists that we have illegally held in Gitmo and tortured with the permission of George W. Bush and his cronies.
I am guessing Fort Leavenworth was there before you took up residence. If you don't like living near a prison, you are free to move.
Exactly. News states that 9/11 families
take the terrorists in his district of Pennsylvania.
U.S. Cole Families are supposedly
going to be on Fox news "later today." Just heard this. Supposedly they were at the White House in a meeting and after they left the meeting, they were not allowed back on the White House grounds. So, they're all going to Fox News to be interviewed.
U.S. Cole Families are supposedly
going to be on Fox news "later today." Just heard this. Supposedly they were at the White House in a meeting and after they left the meeting, they were not allowed back on the White House grounds. So, they're all going to Fox News to be interviewed.
Obama and USS Cole families
"It has been reported that the mother of one of the men killed on the USS Cole regrets that she voted for Obama, so there is at least 1 person who does not support him. "
Obama met with the families of the USS Cole, talked to them and listened to their concerns. That shows a lot of class and compassion. He explained that those who are responsible and need to be detained will be, and those who are not guilty will not be held. The one who just had the charges dropped will be recharged. They are trying to resolve the illegality/nebulous state of affairs at Guantanamo - not release dangerous terrorists into our midst. These, despite Rush's insistence, are not mutually inclusive terms.
Just saw 911 families speaking of their disgust with
nm
Yes, but families are in Mexico and South America.
That was my point. Of course, I have no idea what prices are down there. Never been.
Feelings, goals, interests, families...
yes. Normal no. Tolerance is far different than acceptance. I and no one in my huge family has ever harmed a person who indulges in homosexual acts. We are as tolerant as you can get as I imagine millions of others are. Just saying that homosexuality is wrong is construed to be intolerance or verbal abuse by the homosexual community.
It takes money to make money. nm
There are many families of the fallen who praise Bush and I'm not outraged. sm
I don't understand them, but there's no outrage.
Like I said before grief is different for everyone and for people to continue to say "she's done a 360," to me is not really relevent. Most intelligent people know that grief has stages and this lady is entitled to change her mind, her feelings. That's something the neocons can't grasp, why I'm not sure. Maybe after reality and permancy set in, her feelings changed. This lady has lost her son, and you actually think she's camping out for political reasons. I mean come on. That's a ridiculous argument.
I dont think that he HAS to speak to the lady again because he has already had his press time with her while she praised him, BUT what does he have to lose by speaking with this lady again.
I posted under Libby's post which brother up *other* families
Libby made it fair game. She brought it up...
Other addicted Americans aren't putting people in jail or ripping apart families for drug crimes.
nm
Republicans favor giving poor families subsidies to afford private schools. Obama opposed.
Yet Obama sends his daughters to a private school, 29,000 for EACH KID. Hypocrisy, here we come. Geesh, not even in office yet.
Charging is not spending money...it is spending someone elses money!
When you are debt free (as we are) THEN you spend money...anything else is just going into debt. I highly doubt he pays cash for anything.
money was cut due to war
I have compassion for those affected by Katrina. It is Bush and his ilk that I have no compassion for. This article states that the money was cut in 2003 due to the war. That is why I posted it. Money has been cut to the states since Bush's war, we are strapped in many ways in America due to Bush's war. Open you eyes and see your president for what he is..a jerk, a low IQ imbecile, and for what he has done to America due to his war.
Money.........
Well, if they don't have money for birth control, they sure as shoot don't have it for a baby BUT in my neck of the woods, there are LOTS of illegitimate babies, mostly by mothers who started at 12, 13, 14 and by high school, had 2 or more. They even sit in school and brag about getting a bigger paycheck because they are pregnant again. Now, really, does that sound like someone who is interested in birth control in the first place? Some of these girls who get pregnant at 12 or 13 don't even think birth control. They usually get talked into sex by a guy several years older than them in the first place, and he is a loser anyway, and usually has fathered several babies already anyhow. And, belive me, most of these girls because of community experiences, already know where the clinics are and they can get there. They sure as heck don't have a problem getting there for all the free healthcare their child gets, usually in the ER on Friday and Saturday night because they are too lazy to get to the clinic through the week. Planned Parenthood isn't doing anything positive for them.
No, I would rather the money be used for ..sm
necessities for Alaska instead of asking the lower 48+1 to subsidize them.
The money that has gone to the war...
has been appropriated for that specific purpose. It was not just lying around waiting to be spent, so there is no reason to believe that if the war were not going on that amount of money would be spent elsewhere. That is not how the government works.
If the government did not help these institutions out, it would destabilize the economy which could trickle down to our banks and what little money we have in them. At least they learned from the fannie/freddie fiasco...when they gave the loan to AIG they kicked the top folks who ran it out, with no golden parachute and will oversee it...and in this case, finally...since it is a loan...if they stay solvent and pay it back the interest will benefit us all as it will go back into the coffers with the principal.
Exactly the kind of thing McCain has been talking about for years. Glad Bush finally listened.
yes, you can if it is your money..
I have done it already.
Sure there are.......you want all your money given as
xx
Of course you would....it's not your money
You'd be screaming a different tune. Even those without it have better sense than to believe this is a terrible thing. The more he makes, the more people he can hire. So clueless and bitter
No, that's not where he's getting his money
22
I don't think money should be taken from those
who make more AT ALL. I think there should be a tax PERCENTAGE and it is based on income so it is even across the board. I don't think those who make $200,000 should have a higher percentage than those who make $30,000. There is enough crap out there that doesn't need funding that can go to those who HONESTLY need help.
Those who HONESTLY need help are those who are trying to do something to get out of the whole and can't. Not those who go and buy a house that is way out of their price range, or who pop out 7 or 8 kids just to get food stamps. Not those who live in section 8 government housing for $60 a month and then buy a brand new BMW in someone elses name because they make money selling drugs or working under the table and not reporting it.
I said it is based on grades ALSO. Meaning it is based on both income and grades. Which means if I don't TRY and keep my grades up no matter how little money I make, I'm not going to receive it. That's the difference. No one seems to want to TRY anymore. Everyone just wants more, more, more, and they are doing less, less, less.
My argument is that those who do well for themselves should not have to pay for those who don't give a hoot and don't try to do well for themselves and just sit back and try to let daddy government take care of them.
Where did all that money come from?
Scam after scam keeps coming out. Phony donators sending money with prepaid credit cards that can't be traced. Gee, wonder where the money is coming from ? He is not honest or truthful about anything, and so many people trusting him with their future...sad.
With all the money that
Barrack Obama raised for his campaign.....I wonder who he owes now? I mean....surely some of these people who gave a bunch of money want something in return. Are there promises Obama has promised to keep to individuals who gave him money that we don't know about? This is one reason why I hate political parties. The DNC raised all that money and you have some serious extreme left psychos who gives money and then they want something in return. Does this make Barrack Obama the democratic party puppet now? How does that work?
Where is all this money going to come from?nm
x
so where does all this money come from and
when do we STOP bailing companies out? I was not a fan of the first bailout. I think that in the end, all of this will make things much worse and we are just slowing down the process. I understand that both McCain and Bush wanted the bailout, but I am capable of thinking for myself. If you want the auto industry to keep up employment, I would think that the best way to make that happen is to buy American cars, bot hand them over a lot of my hard earned money. I think that the money I paid for my car is enough.
where the money comes from
Okay, those are some interesting links. I feel even better about the job banks program now, because, check it out--this program was *created* to discourage outsourcing. The union felt like it made it too expensive for the car companies to outsource jobs. So the car companies obviously did some calculations and discovered that they could pay these guys not to work, AND outsource, AND still make money (that they failed to make money has less to do with those out of work guys, I suspect, than it does with decades of misreading consumer preferences!). So if this program is a big money-suck, it's only because they insisted on outsourcing.
It's also great to see that this job bank was not available for workers until AFTER they had exhausted their unemployment benefits--and that *those* benefits were also being funded by the automakers. So our tax dollars don't really have much to do with the story. As for the bailout...well, personally I'd rather the bailout money help actual people, rather than Wall Street, so I'm not really concerned about some guys playing checkers.
(as for the $31 an hour, I'm still having trouble doing the math on how a $5 billion dollar committment by GM for 4 years for 5000 workers works out to $31 an hour, but I'll let it go for now!)
I fuss (I like that word!) about spreading the wealth from rich to poor, and about these auto workers, because I think they represent an important case for us to learn from. How will we protect *our* livelihoods? Can companies begin to take us into account, and not at the same time do the same stupid mistakes that always bankrupt them, and not make it look like *our* fault that they're going bankrupt?
me too, me too - I want some of that money
Although I don't use sm as my handle. Does that disqualify me. LOL
why not put the money to better use
come on, there are much better things those donors could do with some of that that money than a ridiculously overpriced a party, for pete's sake.
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