-=> Mike Powell wrote to Bill McGarrity <=-

 > I find it humorous the finger always gets pointed at the "scum" who needs
 > handouts as the villians.  Why is it y'all never complain about corporate
 > welfare?  In 2014 alone, they received $825 billion.  Social welfare, $481
 > billion.  Either I was taught different math in schools or someone is
 > complaining about the wrong thing.  And please, don't talk to me about them
 > creating "jobs"... that fairytale went down the drain with the baby.

 MP> I think their are villians in both camps.  I did not think the

Of course there are... no one is doubting that..

 MP> government should have been spending my tax dollars to bail out two
 MP> automakers because they made bad decisions.  But many said they were
 MP> "too big to (be allowed to) fail."  And that was the second d@mn time
 MP> Chrysler took government $.


in 2008 the job market was free falling but you mistakenly take my corporate
greed statement as a bailout of the auto industry. The nuber I posted is
"yearly" to perfectly healthy companies and agricultural giants.  Now this is
every year.  Has nothing to do with the auto industry.

 MP> I thought they should have let them fend for themselves, and have
 MP> always suspected that they'd been left to do just that if their
 MP> employee union was not so powerful, or a financial backer of
 MP> politicians.

Letting them fend for themselves is certainly a way of looking at it but when
you add up all the ancillary jobs associated with that industry, do you really
think the economy could handle another 1.2 million people on the unemployment
line? Don't think so.

I find it funny everyone blames the unions when it comes to failures. Why is it
the contributions over the past century have blindly gone unnoticed yet they
are vilified for wanting to get paid a decent wage? I'm not sure what you do
but imagine no unions.  You'd be still working 7 days per week and most likely
15 hours/day for say $2.50/hour. Your kids would be working as well.  There'd
also be no overtime in that wage so basically you'd be getting $210/week GROSS
in pay. Now I know what you're thinking... prices would be so much lower.  Tell
me something... do you also beleive in the Easter bunny?  Greed is greed and
the same 1% that have all the $ now, do you think they'd feel sorry for you in
any way?  They'd do as they're doing now.  Making products that are just barely
affortable to the common working man, making sure credit payments get drawn out
as long as possible and in plain simple language, not really giving a shit
about you.

Now, let's fast-foward to today.  Now we have our commander in chump in concert
with Mr. Mnuchin who want to disassemble Dodd-Frank because it's so hard for
these BIG institutions to borrow $ (prime is 0.5% BTW) and to top it all off,
completey remove the feduciary clause so the common investor, you know, your
401K and portfolio, can go back to getting screwed because the commissions are
better on stocks/bonds who are more likely to fail. Damn brilliant, don't you
think?  Stop looking at the minutiae and worry about the big picture before a
potato will be the meal of the day.

 
--

Bill

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