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Josh the Superfluous Inner circle The man of 1881 Posts |
There was an auto exec here in Michigan, who was asked if he'd be willing to take a pay cut from 2 million per year to 1 million per year. To which he responded along the lines "Well I do have a son in college I have to think about.".
What do you want in a site? "Honesty, integrity and decency." -Mike Doogan
"I hate it, I hate my ironic lovechild. I didn't even have anything to do with it" Josh #2 |
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Magnus Eisengrim Inner circle Sulla placed heads on 1053 Posts |
For the record, I regret my original post. I am worried about protectionism in hard times; I don't believe that protecting local business at the expense of trade is a good idea.
On the other hand, I really should have thought about the implicit insult in the whole affair. I do sympathize with the taxpayers who see their hard-earned cash spent in ways that stimulate the local economy far less than it could otherwise. The tension is hurting my little head. John
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity.--Yeats |
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Steve_Mollett Inner circle Eh, so I've made 3006 Posts |
And you want to give Lear ideas?!?
Quit buying trouble; it's a bad investment.
Author of: GARROTE ESCAPES
The absurd is the essential concept and the first truth. - Albert Camus |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
It gives me the same feeling I got when my brother came to me needing money for rent and I gave it to him and he went drinking for a weekend out of town with what I gave him.
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Justin Style Inner circle 2010 Posts |
How about the DH ceo from Lemann bros...he sold his 14 million dollar estate for $100. TO HIS WIFE!!!
TRying to hide and deliquidate his assets... LOL!!! |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
The exec perks are amazing. I'll stick with my old company here. They pay club memberships (which are amazingly expensive, $100k for San Jose Golf Club!), house payments, vacations, provide cars, millions in stock options and bonuses. Other execs fly in and out daily from Malibou (sp?) and stuff like that. The worse part os these guys are often in their position due to who they are pals with and blind luck. There are some engineers out there who earn their big bucks but execs sure don't. I'll be honest, I truly believed I was worth a million a year for what I did if these clowns were. We had a freakin' VP who was a complete moron, I mean a drooling idiot, his base pay was half a million a year not including the options etc. I asked a friend of mine who is the CEO of a major semiconductor company about this VP because he, my friend, worked with him in the 70s when things started cooking for high tech. Seems this VP was the marketing guy at a company I won't name but likely has its big chip in your computer and just laid off a bunch of people when this company took off so this idiot was associated with the birth of the semiconductor industry. If you get a poster on the history of semiconductors this idiot is actually named! My friend said he and others have tried to figure out how this VP made it anywhere because he was so bad at his job, but he had 'the name' and made a fortune.
Believe me, there are guys out there among you who are just as smart and compitent as these guys making millions you just have not had the right doors opened for you. Hey, google satellite Woodside, California and Atherton California and take a look at the places these scumbags live in. |
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Josh the Superfluous Inner circle The man of 1881 Posts |
Quote:
On 2009-01-28 09:56, Magnus Eisengrim wrote: Same here for my response. Normally I'm with you, but I live 3 miles outside of Detroit, and I know of a great deal of people who would happily build a plane if asked (and buy furniture from me if they got paid for something).
What do you want in a site? "Honesty, integrity and decency." -Mike Doogan
"I hate it, I hate my ironic lovechild. I didn't even have anything to do with it" Josh #2 |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
I'd take a job cleaning up after the guys who build the plane.
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Carrie Sue Veteran user Auburn, MI 332 Posts |
Aren't liberals always talking about us living in a global economy, and we have to think globally, and all that stuff?
So what about where the company got its private jet from? It's their company, and they have a right to use their fundage as they see fit. Unless this is no longer a free country. Criticize them if you want, but I don't think the federal government should be involved in "bailing out" any company because they will then dictate how ALL the company's money is spent. Carrie |
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EsnRedshirt Special user Newark, CA 895 Posts |
Quote:
On 2009-01-27 22:31, Magnus Eisengrim wrote: Sorry to back up, but this caught my eye. What American goods are you buying? As an American, I want to buy American- but all the goods on the shelves in our shops seem to be made in China. Do we manufacture stuff that's too good to sell to ourselves? -Erik
Self-proclaimed Jack-of-all-trades and google expert*.
* = Take any advice from this person with a grain of salt. |
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EsnRedshirt Special user Newark, CA 895 Posts |
Quote:
On 2009-01-29 15:21, Carrie Sue wrote: Ignoring your first sentence as inflammatory, I'll respond to the other two. Citibank, which was given $45 billion taxpayer dollars, got in line to bid on a French-manufactured jet. That money was ours- and it was intended for them to use in order to extend lines of credit and get the economy going. If you give a homeless man five dollars for a meal, what would your reaction be if he goes and spends it on booze? Sure, it's his money now, but... As for the government dictating how money's being spent- we went through $375 billion dollars (of taxpayer money) in the TARP fund already, and nobody dictated to any of the recipients how they should spend it. In fact, we have no clue how they spent it. There wasn't any real oversight at all. So, all right, instead of a homeless guy, it's more like "loaning" money to your crazy uncle who's always got some nutty get-rich-quick scheme- and the next day he shows up with a cigar and a new coat, exclaims he hasn't a clue where the money went, but could he please have some more? -Erik
Self-proclaimed Jack-of-all-trades and google expert*.
* = Take any advice from this person with a grain of salt. |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
The US mostly exports vehicles and parts followed by manufacturing good and some computer and electronics. Other than the autos and electronics most are not consumer goods. Interestingly Canada's top exports to the US are also auto parts and autos, far ahead of lumber etc, so I think you have a lot of Delphi back and forth.
I think the consumer has sold its soul to China in the name of profits. From an international trade specialist stand point many companies are finding out that going to China was not the great deal they thought it was, for various reasons. What is sad is manufacturing jobs are what hire the large numbers, you know that Erik since you work in the valley, and that is what really hurt the US and Canada, those jobs left and likely won't be back. |
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EsnRedshirt Special user Newark, CA 895 Posts |
MagicSanta- precisely. I'm well aware of the significance of manufacturing.
I can see us exporting military equipment; that is one thing we're pretty good at manufacturing. But that's generally not mass produced and sold on the same scale as most other goods (with the exception of weapons like firearms) so it doesn't have a great impact on our economy. Without real manufacturing, we're pretty much left with construction, white collar office work, and retail- and since they started shipping so many tech jobs to India, nobody really wants to construct office buildings, so no one has any money left for retail goods. I hope the rumored biotech boom in Silicon Valley does materialize. My town's in desperate need of some workforce luvin' since the Sun Microsystems office in my back yard closed up shop.
Self-proclaimed Jack-of-all-trades and google expert*.
* = Take any advice from this person with a grain of salt. |
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Carrie Sue Veteran user Auburn, MI 332 Posts |
Erik, you proved my point. The federal government should have stayed out of it.
Citibank could have declared Chapter 11 just like the car companies could have. That doesn't mean the company ceases to exist, but that they can go back and review some contracts and start procedures that allow them to survive. Carrie |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
They shut down that big Sun op by you? It was mostly contractors toward the end, hard to deal with. Too bad. Speaking of India I knew an engineering manager at Intel, an Indian (my wife taught in a mostly Indian area), who told me that Intel had a time line to move their engineering to India. This guy told them that India couldn't handle it, which iritated Intel because they were going to do it and the fact it was an Indian telling them that and they couldn't point the fickle finger of racism at him. Now I'm not an engineer but the Indian guy told me the Indian engineers were not involved with high tech long enough to handle the creative aspect as well as American and Euros are. I'll be honest, the very best creative engineers I've ever encountered have all been from the UK. As for biotech in the valley I've not heard it but they have the real estate to support it. South San Franciso really is after than market hard core, as you can see if you cruise up Grand Ave these days. I've seen some biotech up around Davis area but to be honest I doubt San Jose et al will cut them slack to work with the chemicals. I'm unemployed because we couldn't get Sunnyvale to let us build a clean room fab. My sister, a planning manager at a semiconductor company, told me the manufacturers are gearing up for inventories right now but they've not pulled the trigger.
Back to Citibank. Erik is correct. That money is to be put back into the hands of consumers so they can buy goods like TV's and washing machines and that is what will kick the economy back into gear. Too bad those financial companies want to use it for bonuses and trips and planes. It is like the car manufacturers, giving them the money is stupid. Give it to me and Erik and you guys with the condition that we take our $35k and purchase a new American/Canadian manufactured auto (this would include any cars built in the region). That reduces inventory and triggers the building of more and the purchase of the subcomponents. If you give money to the makers and the inventory still isn't moving it does NOTHING. Stupidity. Note: I'm still looking for a job, I'm now considering entry level in any field in the Reno Carson City area, if anyone knows anyone, thanks! |
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Carrie Sue Veteran user Auburn, MI 332 Posts |
Just one more thing:
The government isn't supposed to be in the business of giving people money! But when people can look into the future and see that they'll keep a bit more of their own money because their tax rates went down, they'll go, "Oh, I think I can afford that new car payment," or "Oh, I think I can get that new TV now." Giving people a one-time check like President Obama's "tax cuts" would do for people who already don't pay income taxes will not provide much "stimulus" for the economy because they'll mostly do what they did the last time -- and what I did -- pay bills or save it. Carrie |
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EsnRedshirt Special user Newark, CA 895 Posts |
Carrie, Carrie, Carrie.
You forget- Bush already gave us -two- one time "tax-cut rebate checks" (well, those of us who qualified, at least.) It didn't work then, either. And the GOP are the ones calling for the tax cuts in the stimulus package this time around. You would sound really callous if you told someone, "At least you will be able to buy a new TV next year," when they can't afford to put food on the table tonight. Food stamps assist people to buy necessities, so they can spend their money on other goods. If it helps, don't think of it as giving money to the poor- think of it as giving money to grocery stores- because that's how it works. The food stamps are like coupons, and the stores are reimbursed. They can then use the reimbursement to buy more goods, which stimulates production and transportation of goods and raw materials. Thus, the money is distributed to more people than it would be through simple tax cuts. Santa- I don't want an American car- they break down too often and cost too much to maintain. (And that's the reason the American car manufacturers are going bankrupt faster than the foreign ones, though they're all in trouble now.) -Erik
Self-proclaimed Jack-of-all-trades and google expert*.
* = Take any advice from this person with a grain of salt. |
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Carrie Sue Veteran user Auburn, MI 332 Posts |
And Bush's tax rebate checks didn't work to help the economy, did they?
No, they did not. Food stamps are not stimulative, because the federal government has to tax the money away from working people in order to "give" the money to grocery stores in the form of food stamps. What if the federal government simply halved the payroll tax? What if people could count on seeing three percent more in their paychecks from month to month? Would that pay for more groceries and keep those people off the public dole? Sure, it would. Do you think having to pay fifty percent less to the federal government for each new employee would be an incentive for a business owner to hire a new person or two? Sure it would. These benefits would be virtually immediate and multiplicative, as many experts have determined. It's a better solution than spending $800 billion mostly on social programs. Read for yourself: http://www.heritage.org/news/economic-stimulus.cfm Carrie |
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MagicSanta Inner circle Northern Nevada 5841 Posts |
Erik, if you read my posts as religiously, no offense Carrie, as you should you'll note I said 'any car built in the region' and that included Hondas and Toyotas, surely you would buy a Toyota.
Oh, if you do want to buy a Toyota let me know, my brother in law is the fleet manager at a bay area dealer and I can get you the best deal. |
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Pauldela Special user U.K 882 Posts |
Santa who the hell are you do you just post a load of BS or do you just know everything???
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