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Thread: The economic recovery turns 2: Feel better yet?

  1. #41
    Only Losers H8 Capitalism
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by xpiher View Post
    Here is the key difference, if a CEO of a major corp loses 25% of his pay, he doesn't feel it well it counts, his stomach. When employees (as a class) get 25% less, they tend to have to rely on charity to not starve. IMO, all rich people who get millions in bonuses should take 50% of those millions and split evenly among their lowest paid workers. Theres you recovery. Too bad it will never happen
    The poor in the country are by and large obese, VERY few have ever truly known "starvation."

    Quote Originally Posted by xpiher View Post
    That wasn't his point. We do not have a meritocracy. The people who are the best, aren't necessarily the ones to be in positions of power.
    Because of protectionism, cronyism which is enabled by spending, and corporatocracy.
    If you need to misrepresent your opponent's position, you don't really believe in yours, you have no integrity and as Tony Montana says, "Any man without his word is a cockroach."

  2. #42
    Only Losers H8 Capitalism
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by BDBoop View Post
    The economic recovery turns 2: Feel better yet? - USATODAY.com

    Well hey. I'm glad somebody is doing well.
    Whats wrong with profits? Do you expect a recovery without them?
    If you need to misrepresent your opponent's position, you don't really believe in yours, you have no integrity and as Tony Montana says, "Any man without his word is a cockroach."

  3. #43
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    Please, what is this all based on?
    A study by the University of Phoenix.

    But, why do we need a study? Anyone who has been paying attention, anyone who has worked in a large organization, knows how the system works. Sure, you have to have some skills, but there are many people with the skills. There is no one picking out the most skillful to be in charge. It's more who you know, who knows you, and being in the right place at the right time. Having a family name that people recognize is a big factor as well.

    It's not much different in politics. Are there, or are there not many, many Americans who could do a better job of running the country than the people currently in charge?
    "The greatest enemy of knowledge is not ignorance. It is the illusion of knowledge" Stephen Hawking

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Ockham View Post
    "Are you better off than you were 4 years ago?"

    ME: No.
    We'll be better off when Obama is out of office.

  5. #45
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by SPC View Post
    We'll be better off when Obama is out of office.
    You're optimistic.

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    There's a reason that won't happen. You have to prove your skills before you can become a CEO (not a knock against you personally, I'm just saying that it's not as easy as you're trying to portray it).
    OMG, dude. I was joking. Sort of thought that was self-evident.

  7. #47
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by BDBoop View Post
    OMG, dude. I was joking. Sort of thought that was self-evident.
    Joking never comes across well in a forum.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Dittohead not! View Post
    A study by the University of Phoenix.

    But, why do we need a study? Anyone who has been paying attention, anyone who has worked in a large organization, knows how the system works. Sure, you have to have some skills, but there are many people with the skills. There is no one picking out the most skillful to be in charge. It's more who you know, who knows you, and being in the right place at the right time. Having a family name that people recognize is a big factor as well.

    It's not much different in politics. Are there, or are there not many, many Americans who could do a better job of running the country than the people currently in charge?
    And how did they determine that a CEO was good or bad? How is it that they know better than the market?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #49
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    And how did they determine that a CEO was good or bad? How is it that they know better than the market?
    The market for corporate CEO's is gamed in favor of the CEO's through compensation commitees. And any gamed market is not a reliable indicator of value
    Conservatives believe that the government is incompetent, and seek to elect people who will ensure it is

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    Ha, who doesn't understand economics? Companies don't expand and hire on profits. If they don't have capital they're not going to grow.
    Capital isn't only gained by investment, its gained also by people spending money on the product/service you provide. Take my same example and apply it to a car company. Those people that got a 50k bonus now have enough money to buy the car they make and couldn't afford prior. Many would buy the car as a sign of loyalty and wealth.


    Quote Originally Posted by phattonez View Post
    And how did they determine that a CEO was good or bad? How is it that they know better than the market?
    The market doesn't determine CEO positions, thats the point. You can see if a CEO is good if the CEO makes the company more profitable, or keep profit around the same level despite dire economic conditions. If your company is hemerging money and you stay as CEO, you aren't staying because of the market.
    Hayek - too liberal for republicans

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