THE Bailout Thread pt 2 (merged) Archived

[vtsnowedin]

My first reaction to the suggestion that the taxpayers should make good any of these losses would read like a Chicago politicans transcript so I will spare you. PO was so slow last night I gave up on it and turned in. This morning it came to me.

The losers should get a full refund of the income taxes they actually PAID in the last five years.They weren't actually making any money so they didn't owe anything. If they were honest about it they paid on the order of 33% of what they took out and spent. Five years of that should give them a nice little nest egg that will be more then I will ever have. If you cheated on the taxes and avoided paying all or most of it you screwed yourself and your out on the street. This would be justice.
Of course if the whole thing collapses this spring the gooberment will admit it is broke and wont be able to pay even them back. Perhaps the politicans will give back all the undeclared donations they got from these people. Shared equally around the country club that should be able to pay the greens fees at least.

[hope_full]

This really is scandalous. How can I sign up to be recompensed for the massive losses my husband suffered in the stock market?

We need the money more than Steven Spielburg and his ilk.

[ReverseEngineer]

This really is scandalous. How can I sign up to be recompensed for the massive losses my husband suffered in the stock market?

We need the money more than Steven Spielburg and his ilk.

Sorry, you do not qualify. You are under the cutoff of $10M in losses to qualify for a Bailout. You should have lost more money.

Reverse Engineer

[MrBean]

These fuckers were part of a pyramid scheme. They knew or should have known but their greed for the big dividends was all they cared for. Under US law they should pay back all they got from the pyramid fraud.

[yesplease]

Did I hear correctly tonight that the Fed is going to offer the Big 3 $40 billion in exchange for a faux bankruptcy restructure plan?

It will be bankruptcy in all but name.

I've seen that idea tossed around. Don't call it a bankruptcy, but gut the unprofitable portions of the company, can the crappy management, and renegotiate benefits/wages in order make 'em leaner, meaner, and competitive. It's not like they haven't had first hand experience w/ what makes a successful company, it's that they've been run into the ground deliberately, through incompetence, or by both.

[IslandCrow]

These Fark were part of a pyramid scheme. They knew or should have known but their greed for the big dividends was all they cared for.

+1 Investors of banks and other companies must have realised that the yields were a 'little too good to be true'.

[Nickel]

Of course, that makes perfect sense! I can see the execs saitting around when they came up with this...

exec 1: "but the money is only available to banks!"
exec 2: "Exactly! So we'll become a bank, which makes us qualify for free money!"
exec 1: "Brilliant! While we're at it, lets give ourselves 500k for consultation fees for coming up with this idea."
exec 2: "Done and done! Now lets get the private jet fired up and we'll head to Paris for dinner to toast our brilliance in saving the economy."

Exec. ass. to Exec. 1: "But don't forget, sir, to fly business class to Washington to make the pitch. Do you still fit into the suit you graduated Harvard in? The sky blue one with the 8" lapels? You might consider wearing that..."

[Nickel]

Going down in honor will send the car companies down with it.

"Honour" has a "u" in it north of the border, pal.

About 15 years ago a pulp and paper mill in BC threatened the owners with legal action to the province if they didn't meet their demands for a wage increase... The following day, the mill closed because the new wages meant the mill could no longer operate with a profit.

And ever since then you've had it in your little head that this is a universal constant; that management never lies or bluffs or bullsh!ts workers to keep more money for themselves; that an increase in the standard of living for the people whose labour actually makes the things the rich guys get rich from necessarily implies the loss of profitability...

When you were born, did you follow the first moving object you saw and decide it was "Mom" or something?

[jdmartin]

Going down in honor will send the car companies down with it.

"Honour" has a "u" in it north of the border, pal.

About 15 years ago a pulp and paper mill in BC threatened the owners with legal action to the province if they didn't meet their demands for a wage increase... The following day, the mill closed because the new wages meant the mill could no longer operate with a profit.

And ever since then you've had it in your little head that this is a universal constant; that management never lies or bluffs or bullsh!ts workers to keep more money for themselves; that an increase in the standard of living for the people whose labour actually makes the things the rich guys get rich from necessarily implies the loss of profitability...

When you were born, did you follow the first moving object you saw and decide it was "Mom" or something?

^^^ Good post

[Byron100]

And to take the example of that mill - what if, in another world, the workers were able to "secure" that mill for themselves, taking the former owners right out of the equation? Hmmmm. Sure, the mill would no longer make a profit, but that's no longer needed, as the extra money is going to pay the higher wages that the workers demanded in the first place...LOL. The workers get to keep their job, AND make more money, and the poor owners, well, they were going to just give up the mill anyhow, so what's the harm to them?

Naw, this can't be, as this smacks of communism, and we just can't have that, can we?

Shucks, man, I thought I was catching onto a good thing around here...

[Specop_007]

Going down in honor will send the car companies down with it.

"Honour" has a "u" in it north of the border, pal.

About 15 years ago a pulp and paper mill in BC threatened the owners with legal action to the province if they didn't meet their demands for a wage increase... The following day, the mill closed because the new wages meant the mill could no longer operate with a profit.

And ever since then you've had it in your little head that this is a universal constant; that management never lies or bluffs or bullsh!ts workers to keep more money for themselves; that an increase in the standard of living for the people whose labour actually makes the things the rich guys get rich from necessarily implies the loss of profitability...

When you were born, did you follow the first moving object you saw and decide it was "Mom" or something?

Once you get out of high school you may wish to attend some college classes focusing on business and accounting. Then open your man pleaser to try and look smart.

[Specop_007]

And to take the example of that mill - what if, in another world, the workers were able to "secure" that mill for themselves, taking the former owners right out of the equation? Hmmmm. Sure, the mill would no longer make a profit, but that's no longer needed, as the extra money is going to pay the higher wages that the workers demanded in the first place...LOL. The workers get to keep their job, AND make more money, and the poor owners, well, they were going to just give up the mill anyhow, so what's the harm to them?

Naw, this can't be, as this smacks of communism, and we just can't have that, can we?

Shucks, man, I thought I was catching onto a good thing around here...

They could have easily have done just that. Its called "offer to buy". Of course the dumbass minimum wage entitlement minded employees just want more money, they dont want to have to think or adapt. If they cant get more money then they want someone to just give it to them for free. Because damnit its not fair someone whos smarter or more motivated actually took the risk of opening the paper mill and then expected to make money off of it.......

[Nickel]

Once you get out of high school you may wish to attend some college classes focusing on business and accounting. Then open your man pleaser to try and look smart.

Secret of your success, huh? Lucky this is a text medium rather than a spoken one or we'd never get the benefit of your experience, what with your "man pleaser" being no doubt full all the time.

[Nickel]

Because damnit its not fair someone whos smarter or more motivated

Yeah, what brains and motivation it takes to inherit something that's been in the family three or four generations.

[Jester]

Because damnit its not fair someone whos smarter or more motivated actually took the risk of opening the paper mill and then expected to make money off of it.......

Go to the bank to get a loan to buy a business and try putting under assets "motivated" and "smart" and come back and tell me how it went...

It doesn't take motivation, nor intelligence to own a company, it takes money. My boss for instance, he's 3rd generation wealthy. He got an expensive education, and didn't have to work for anything. He bought the company I work for, simply for something to do. He comes in a couple times a week for a few hours, but doesn't really do anything... no, thats not true, he did scour ads online to find a Porsche he wanted, and then bought it.

[StormBringer]

Wow got ugly in this forum....It doesn't matter if they take the pay cut now or if they take the ship down with them.. HERO is a word used when the brave survive. whats the word if they die OH ya martyr. To die with honer, I believe honor wont pay their home loan or put food on the table either. And R.E. posted that he cut his bills to always have money left over, no mater how little he made. But in the same post, concluded that the UAW workers couldn't do the same. Bit of a double standard. And yes the upper mgt should take the same pay cut if they expect it from the workers. No one likes the facts but in order to be fair and keep the jobs for future generations the changes are needed. If you have any second thoughts about this look a child in the face and tell them that the good jobs are gone and the best you can hope for is to flip burgers at McDonalds, but you did it for HONOR, and see how easy you can sleep at night. Such short sighted people are the reason for much of the down fall of this nation. I just hope they dont take us all with them.

All Hail the Martyrs

[emeraldg40]

How are they gonna make cars in Mexico when their labor force now resides in the USA?

[Byron100]

Perhaps once upon a time, long ago, it was possible for a person to boot strap his way into wealth through smarts and sheer perseverance, this is most certainly not the case today. Sometimes, a person with the right "connections" and/or "insider knowledge" can get a leg up on the competition and make bank, but this is the rare exception, rather than the rule. In the vast majority of cases, biz owners have it handed it to them on a platter - and all they have to do is to just put their feet up on the desk and count the Benjamins as they roll in. That's what I see as patently unfair...and I certainly don't blame underpaid workers for feeling that way.

But let's take this a step further - what if everyone in the world was suddenly bestowed with superior intelligence, great motivation and an ivy-league level education. Now, does anyone think that this would make it possible for everyone to "make it big" somehow? Who would do all the scummy jobs that need to be done? Where would the unlimited energy come from to support a millionaire lifestyle for 6.7 billion people on this Earth?

But heck, it'd sure be fun to see 6.7 billion people with 150-175 IQ coupled with excellent business / science / engineering acumen go at it with each other in order to reach the top. Not to mention making every effort to get out from having to do unwanted jobs...LOL.

I think it's high time that lovers of capitalism come out of denial and accept that it's a flawed system that is now in its last days. What will come next, nobody knows. But I'll be damned if the workers of the world take being reamed in the behind for much longer. It's time for the oppressed peoples of the world to prepare the biggest barbecue of all time....mmm mmm, gotta love those big, fat pigs roasted on a spit. Yummy!

[Bytesmiths]

[StormBringer]

LOVE the poster...lol That was great...riflmao