If you want to know why the GOP will lose in 2010, read this thread...they are completely out of touch...we should pick up some seats, but we won’t. Who’s going to vote for a Party that advocates Banking CEO’s get billions in bonuses while running the companies into the ground...while Americans are literally losing their entire life savings as well as their jobs.
I've been in business for 18 years. My first priority is my employees. They've been with me for years, and I want to keep every single one of them. I've paid them good wages over these years, or else they wouldn't still be with me. I don't need or want the government to tell me that I can't pay a master electrician more than an apprentice helper.
A master electrician is more valuable to me through his education and experience than an apprentice helper right out of vo-tech school. Both are important, but one has more value than the other. This is the free market at work, and that apprentice will eventually be as valuable when he becomes a master. Just like a CEO is more valuable than the mail clerk.
Now, with this next round of 350B getting ready to be disbursed, the government SHOULD attach strings to it. If the company doesn't want the strings, they shouldn't take the bailout. It's up front, and the companies will have to comply. No more CEO gazillion dollar bonuses for companies that do to take it.
That is reasonable, and I don't have a problem with it, if it only goes that far. (yeah right, when has the USG ever overreached) My fear is that any company that does business with those companies will have unfair labor practices forced on them as well.
Those companies that take the next bailout WILL lose talented people though. Make no mistake about it. The people who can afford to will just bow out. There is no incentive other than being “patriotic” to put up with fixed wages. This hurts everybody.
I'm down approx. 20k with my investments. Not exactly chump change, but not everything I had either. I sold out last March when the SHTF the first time. I understand what you are saying, but this is the nature of the beast. To get ahead in this world you have to take a risk, and the bigger the risk is usually the largest return or greatest failure. Where does that leave everybody in the middle? Hoping for failure or hoping for success?
Once the Obama Depression was underway, aggregate results for 2008 changed, but all things that happened in 2008 didn't all happen in the last quarter.
You have been deceived by propaganda.
The way to fight propaganda is the truth, and we have Obamasama "truthers" on this thread trying to tell us that an "annualized rate" is something that it is not.