Posted on 11/12/2008 2:30:15 PM PST by cal08sun
The stock market is sending two messages. First, it is voting no confidence in the bloated "New Deal" remedies of Ben Bernanke, Henry Paulson and Congress that are causing an economic downturn. Second, it is saying that the real economic cost of the bailout will be much greater than the projected $700 billion in direct expenditures. We face years of government interference via credit allocation, pay scale determination and a host of explicit and implicit new regulations. All will lead to a massive mis-allocation of resources. The U.S. stock market has fallen about $5 trillion in value the past two months. This is its estimate of the direct and indirect costs of the current "rescue" program.
(Excerpt) Read more at econsense.blogtownhall.com ...
You see what you want to see based on what end of the elephant you happen to be near.
A bunch of us seem to be crowded up near the back end.
Unfortuntately, there is no United States to flee to after the republicrats and democans have socialized our nation. There is not a dimes worth of difference between Bush’s republican party and Obama’s democrat party. Goldman Sachs and Wall Street honcos run both parties. They long ago tossed financial truths and capitalism into the trash as they line up at the Treasury for the taxpayer’s money.
It is really unbelievable how low this nation has sunk in the last 3 months with “compassionate”, “leftists” in charge of our economy for the last 20 years.
Alaska
I would argue that FedEx blows both the USPS and UPS away in service and profitability. You need a militia to protect yourself from the government, not a union.
>Who will save us?
God. He’s the only one who can.
>The saddest part of your post is where do we, as Americans, pack up and take a creaky ship to?
Cuba!
I need a drink.
- - -
I’m way ahead of you.
USPS, for example, handles 700,000,000 pieces of mail per day.
Fed-Ex in contrast, handled but 7,000,000 pieces on it's busiest day in its history last December 10, 2007.
BTW, Fed Ex is allowed to make a profit. USPS is mandated by law to "break even" over time, which it does.
BTW, during all of 2007, United Parcel Service handled a mere 4,000,000,000 pieces.
Like I said, Fed Ex and UPS are simply not prepared to handle 700,000,000 pieces of mail per day.
USPS, for example, handles 700,000,000 pieces of mail per day.
Fed-Ex in contrast, handled but 7,000,000 pieces on it's busiest day in its history last December 10, 2007.
BTW, Fed Ex is allowed to make a profit. USPS is mandated by law to "break even" over time, which it does.
BTW, during all of 2007, United Parcel Service handled a mere 4,000,000,000 pieces.
Like I said, Fed Ex and UPS are simply not prepared to handle 700,000,000 pieces of mail per day.
However, a union is generally equipped to provide such folks to at least develop justifications for the rates of pay it negotiates (or demands of) with businesses.
An individual is in no position to deal directly with the government's agents ~ not even the letter carrier who drops mail in your mailbox. That individual has over 167 lawyers just waiting for the opportunity to file third-party lawsuits should your dog bite him (just one example).
But 40% of that stuff USPS handles is JUNK MAIL which few people want or need.
So there!
You are wrong. Sam Walton knew you make money buying not selling. Others followed but never surpassed his wisdom.
He revolutionized retail procurement. It in no way resembles the old and now gone ways.
Walton didn’t discover the concept ~ buy low, sell high ~ is ancient wisdom.
“more deserving management which comes to the scene better prepared to use them for the good of humanity and the economy”
Anyone that operates a business “for the good of humanity and the economy” is going to go broke!
The only reason to operate a business is for profit!
“The stock market is saying our seed corn has been exported and recovery is not in sight.”
Exactly. We no longer have the engine that has pulled us out of previous recessions or depressions.
You forgot to mention that hyperbole will rule.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
He changed his middle name from Hussein to Hyperbole? Damn!
Unions should be illegal, especially those of government (white collar welfare) workers.
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