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Automotive Bailout? are they friggin' kidding?


jorhay1

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Must be because, the people that do business at golf courses built this country, and sustained the economy all by themselves.


 

 

Yup Davey Crocket, Daniel Boone, John Wayne and other rugged individualists proved you don't need the barn if it is gonna be built by a bunch of soy eating community loving hippie barn raisers.

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WHY is the government riding the car companies so hard for a "measly" 25 billion but not these fat cats?

 

 

Seriously. It doesn't make sense. Did you see the bonuses the CEO's of Goldman Sachs got? Or the crap AIG pulled mentioned by RoboPimp? That's what we should be so inflamed about. Of course they flew jets to Washington, they're CEO's. What do you want them to do? They've been pampered forever, but that doesn't mean their plea is any less legitimate.

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Seriously. It doesn't make sense. Did you see the bonuses the CEO's of Goldman Sachs got? Or the crap AIG pulled mentioned by RoboPimp? That's what we should be so inflamed about. Of course they flew jets to Washington, they're CEO's. What do you want them to do? They've been pampered forever, but that doesn't mean their plea is any less legitimate.

 

 

This is a big ole horse and pony show. There is no politician in their right mind who'd not consider this seriously.... Unless they are lame duck ideologues who could add yet another notch to their bedpost of how much the union had shrank under their watch. CEOs are just playing their CEO role, they want to pay people $7/hr so they can call and add 2 feet to their yacht.

 

Why just hand over $700B to the banks? Because they held a gun to their own head threatening to shoot. And they aren't blue collar union workers.

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Seriously. It doesn't make sense. Did you see the bonuses the CEO's of Goldman Sachs got? Or the crap AIG pulled mentioned by RoboPimp? That's what we should be so inflamed about. Of course they flew jets to Washington, they're CEO's. What do you want them to do? They've been pampered forever, but that doesn't mean their plea is any less legitimate.

 

 

Plus at more then $80,000 a day in pay, their time is too valuable to waste an extra 3.5 hours to fly commercial. It would cost the companies more to send CEO's commercial.

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$20K for private flight round trip. $3000/hr... x4hr. $12000.


Beside the point really.

 

 

Right but it's not like the ceo's flew down alone. I'm sure they had a number of top officials who all cost a lot per hour. I'd say its probably very close to costing the same amount as flying commercial. Plus their time is theoretically worth more right now, in a time of crisis. My mom's friend is high up at GM and has been working 80 hour weeks for the last few weeks.

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Right but it's not like the ceo's flew down alone. I'm sure they had a number of top officials who all cost a lot per hour. I'd say its probably very close to costing the same amount as flying commercial. Plus their time is theoretically worth more right now, in a time of crisis. My mom's friend is high up at GM and has been working 80 hour weeks for the last few weeks.

 

 

I hear what your saying man... Trust me I do. But you can't convince an asshat like me that CEO's don't just extract the cream from company profits while pointing fingers at the unions.

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I bet they were all greedy. Thats the narrative right? They want to own their own homes AND have good pay. "Hey commies if you want that sort of living why don't you go to France or Norway?"

 

 

AND spend their money on said investment instead of gas,AND be the workforce that would make that possible for themselves as well as countless others.{censored}ing socialists.

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Plus at more then $80,000 a day in pay, their time is too valuable to waste an extra 3.5 hours to fly commercial. It would cost the companies more to send CEO's commercial.

 

 

 

I made my living in corp aviation, and air taxi charters. There are lots of reasons why the top execs fly private corp aircraft. its way more effecient for guys at this level to use a corp plane. You take off when you want to take off ,, you land where you want to land. These guys do conduct business on the plane..... to and from. Their time is valuable. It took me pretty well all day just getting back from texas to michigan yesterday on the airlines. These guys cant afford to spend their time jumping through all the hoops that airline travel requires these days. Hell a fukin single engine bonanza can beat the airlines on that trip we made. Its all about time and money and effeciency.

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I hear what your saying man... Trust me I do. But you can't convince an asshat like me that CEO's don't just extract the cream from company profits while pointing fingers at the unions.

 

 

I agree. The virtual consensus among economists is that wages in America have been stagnant largely due to the share of company profits that CEOs receive, much more so than things like, say, job loss to places like India and China and parts of the 3rd world.

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I hear what your saying man... Trust me I do. But you can't convince an asshat like me that CEO's don't just extract the cream from company profits while pointing fingers at the unions.

 

 

I feel ya, I was more just arguing a point for the sport of arguing. I'll always put my personal views aside for the sake of arguing a point.

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I agree. The virtual consensus among economists is that wages in America have been stagnant largely due to the share of company profits that CEOs receive, much more so than things like, say, job loss to places like India and China and parts of the 3rd world.

 

 

But man are those job losses a perfect diversion! This sort of thing has been working for 100s of years in the US and they work outside the US even better. Blame the Irish, blame the Italians, blame the blacks, blame the Mexicans... When we need an other OUTSIDE of the US blaming the Japanese worked but now thats not acceptable so blame the Chinese and blame India.

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But man are those job losses a perfect diversion! This sort of thing has been working for 100s of years in the US and they work outside the US even better. Blame the Irish, blame the Italians, blame the blacks, blame the Mexicans... When we need an other OUTSIDE of the US blaming the Japanese worked but now thats not acceptable so blame the Chinese and blame India.

 

 

They work for less money than we do. That's blame?

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To be fair, while I think that the issue of job loss to other countries has been stupidly inflated while the corporate share thing has been horrendously underreported (for obvious reasons), times have changed a bit, and the countries that have been purported as taking all of our jobs... maybe are a little bit. It's still not the biggest problem, but the globalization of labor, to some degree, is happening.

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They work for less money than we do. That's blame?

 

 

The picture is bigger than that. The US' trade share with the developing world is miniscule, and developing world products are viewed as inferior goods. Furthermore, despite the pushing of the Washington Agenda (something I am in favor of), the US has not kept up its end of the deal; textiles, for example, have a huge trade disparity. We can trade to them, but they can't trade to us.

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:thu:
I like you. We should get some face time. I have a coveted tee-time at Myopia care to join me?



Sounds like a plan, as long as you are not offended by violence towards caddies.

With the whole blame the foreigners thing, well that has been the mantra of human kind for a good long while. I doubt it'll go away any time soon.

The major reason these ceo's get paid what they do, is their name recognition adds an immediate boost to the stock. It's all about stupid blind investors that follow media, buy on unfounded information, and sell at the smallest glimpse of bad news.

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The major reason these ceo's get paid what they do, is their name recognition adds an immediate boost to the stock. It's all about stupid blind investors that follow media, buy on unfounded information, and sell at the smallest glimpse of bad news.

 

 

There doesn't have to be a reason for it; CEO's are taking giant portions of the profit at the expense of worker's wages. Just plain and simple.

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