No offense here, but what freaking business is it yours, mine or the federal government if a business wants to spend 50 million a jet or bonuses or whatever while laying people off? I mean seriously. It's a PRIVATE BUSINESS.
I wasn't aware that Citi Group was required to keep jobs... is that their function? To provide a paycheck to workers? Hmmm? Is that the PURPOSE of Businesses in your mind?
Replaced by Government Bureaucracy? No thanks, that's been tried, and fails every time. But hey, when you are stuck on "emotion" and not thought, I guess it makes sense to have the government take over.
Maybe they can rented it out to Algore.
March 2007
So they have massive layoffs in 2007 then, in January 2008 they decide to buy a new jet? Go on, please make some more excuses... :doh
Well looky here, you actually did make another excuse... amazing. A normal business owner might say, gee I have to lay off or otherwise adversely effect 130k+ employess, maybe I should sell the 2 jets and fly first class, thereby saving $50 million and fire fewer people. But no, not these guys right? God forbid they should lower themselves to flying first class on *eck* commercial airlines and keep a few jobs...
One that accepted government money to keep from going bankrupt. Obviously you don't see the problem of greed in economics. First off it's a not a private company because it is publicly traded. So it is expected to make good choices by it's shareholders and frankly, if you're buying jets and paying outrageous salaries and bonuses while your business is failing, then wouldn't you think that's a problem?
I don't but that didn't prevent me from being effected by their bad business practices now did it?
I agree 100%. Unfortunately Paulson and his cadre of corporatists told us how horrible the consequences would be if we didn't give them the money. MORE wrongheaded economics from the rightwing.
The purpose of business today or yesterday? Yesterday companies had a sense of responsibility to their employees and their community. Yesterday, corporations weren't allowed to do business in ways that are harmful to the country. Today however, the republicans convinced the sheeple that greed is good, money is all anyone needs so you better get yours anyway you can. Don't worry about the consequences because if you make enough before the business fails, well, you'll be just fine.
No I have a realistic view. Wal-mart sells subpar products all day long but because we've been told we have to have things we don't need and can't afford, we buy the junk anyway. EVEN THOUGH we know that buying from wal-mart is bad for our country.
I never said that. We need some good old fashioned protectionism with our economy. "America first" should be our motto.
I'm glad to see you've run out of excuses and have decided to slink away from the discussion without admitting it.
2005? I didn't read that, perhaps you could link to that info for us...
I heard it on the news. It's important that people understand that you don't just order a jet last week and get it this week. But they should have dumped it. Maybe they would have anyway, but I don't know that.
When you offer up your company to the public, it is no longer a PRIVATE COMPANY. Shareholders and investors have a say. If what you do with your business causes great harm to the state or it's citizens, it can be penalized. Obviously you have no conscience for corporate responsibility. According to you, corporations can do whatever the hell they want and if someone doesn't like it they can sue. But of course you'll bitch and moan about people and their frivolous lawsuits... :roll:
Well gee, did ya hear it from Rush or Fox? Because then I could understand why you're wrong. Despite the fact that I already provided a link that says they made the decision in 2007... :2wave:
I'm glad to see you've run out of excuses and have decided to slink away from the discussion without admitting it.
Sure there is. In fact I've changed my position on things at the effective persuasion of others. Just because you have no ability to do so, mostly because you don't have a reasonable argument, doesn't make it my fault.