Good points. AND I would add, they NEVER see how many of the problems they propose to fix were caused by EARLIER government distortions of the marketplace in the first place. Study the following, for example:
Posted on 05/22/2006 4:34:14 PM PDT by FreeKeys
A Democratic stalwart warns that labor's old strategy can't win against a new competitive reality.
Many of my friends will consider this view heretical. But it is based on stark reality... It can be galling to hear companies argue that they have to cut wages and benefits for hourly workers — even as they reward top executives with millions of dollars in stock options. The chief executive of Wal-Mart earns $27 million a year, while the company's average worker takes home only about $10 an hour. But let's assume that the chief executive got 27 cents instead of $27 million, and that Wal-Mart distributed the savings to its hourly workers. They would each receive a bonus of less than $20. It's not executive pay that has created this new world. I understand the attraction of asking business — the perceived "deep pockets" — to shoulder more of the responsibility for social welfare. But there are plenty of businesses that don't have deep pockets. And many large corporations operate with razor-thin profit margins as competitors, both foreign and domestic, strive to attract consumers by offering lower prices. The current frenzy over Wal-Mart is instructive. Its size is unprecedented. Yet for all its billions in profit, it still amounts to less than four cents on the dollar. Raise the cost of employing people, and the company will eliminate jobs. Its business model only works on low prices, which require low labor costs. Whether that is fair or not is a debate for another time. It is instructive, however, that consumers continue to enjoy these low prices and that thousands of applicants continue to apply for those jobs.
(Excerpt) Read more at latimes.com ...
"MAR 1 - 1990 - Former senator George S. McGovern, of South Dakota, who is struggling for the first time as a small business owner, expresses regret at the myriad of economically intrusive legislation he sponsored and helped pass while he was in congress: 'I wish I'd done this before I'd run for President. It would've given me insight into the anxiety any independent business man or farmer must have…now I've got to pay the bank every month…I've got to pay the state of Connecticut taxes….It gives you a whole new perspective on what other people worry about.' "Sources: Paula Spann, "McGovern's Latest Campaign: Filling Rooms at the Inn," Los Angeles Times, 3-2-90, page E7.
Newsmakers, Los Angeles Times, 2-15-91, page E1.
Brien Bartels, "Reflections-The Metamorphosis of George McGovern," Liberty, July 1998: page 15.
-- from this page
Another Liberal gets mugged by reality. In this case....Finally.
Let's put Teddy to work!
EXACTLY what I was thinking!
BTTT.. thanks for posting this...
Huge duh-factor, huh?
Very hugh. Series, even. ;^D
And so this person's solution is to switch it to the taxpayers--you and me. So instead, his proposal is to break the bank of every American citizen. Thus we all know when one lowers the profit margin of the American citizen by heavy taxation one lowers the purchasing of goods and services, which ultimately affects the profit of business. HMMMM.
These Dems have so many blind sides. Are they incapable of a 360 degree assessment? or is it always just a knee jerk reaction solution--take the money from business or from citizens. It is never free market solutions or lowering of financial burden. It is because philosophically they really believe in the welfare state and essentially socialism. This article is a glaring example.
Funny isn't it?
bump
snip
Although I believe we should allow businesses to pay employees based on their skill level, I also believe we should supplement the wages of those who earn the least.
Universal healthcare provided by the federal government is one way to supplement income.
He's still quite the liberal/socialist.
It is also a way of relieving hard-pressed businesses of one of their highest cost burdens. It is the rising cost of healthcare that is said to be a major cause of the recent layoffs at GM and Ford.
So slough off the cost to the tyaxpayers? And give us government run health care as well? No thank you.
He's as irrelevant as he was in 1972.
Good points. AND I would add, they NEVER see how many of the problems they propose to fix were caused by EARLIER government distortions of the marketplace in the first place. Study the following, for example:
I'll never forget the story of him and his dying daughter in her final moments. I've always thought of him as a dangerous and misguided man, but not as a sociopath like the Kennedy's or Clintons.
Having read the whole thing, I notice he didn't really "see the light." But he did catch a glimpse of a ray, and that's at least something.
But for a counter example concerning companies with "Deep Pockets" (which includes some actual number crunching) read my vanity here.
Cheers!
He is still only half awake.
Canada's wonderful health care system is crumbling.
What's also so incredible about Democrats is that they continually fail to grasp that the REASON that health care is one of business' highest cost burdens is BECAUSE of intrusive government micromanagement and hyperregulation of the health care industry, and a swarm of sharks - er, lawyers, rather - circling every single provider of health care and health insurance.
Health Care Regulation - a $198 Billion Hidden Tax
You've got it absolutely right - they've got a blind side when it comes to the idea of government doing less or even, heaven forbid, nothing at all.
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