The transformation to socialism is now complete

[Facetious]

I don't get why people have a problem with this. If your a business and your going to except assistance from the government, it seems like it's only common sense that the government gets to put reasonable restrictions on you if you choose to accept that assistance in that instance. Would people actually prefer if we just gave them money and let them do what ever they wanted with it?

In principle I agree with your sentiment, however, how is this the business of government ? It never was, previous. What kinds of after effects will linger after the dust settles and the economy recouperates ? Will these bailed out businesses be subject to government dictate forever ?

I resent the government inflating the currency all the more, with each and every bailout agreement, and then, adding insult to injury, acquiring positions of power within those publicly traded entities. It's almost coercive, what they're doing with this bailout program. Shouldn't this require the consent of The People ?

The bailout scheme reminds me of those "temporary" taxes that the government likes to impose upon us . . . there is nothing temporary about them at all. They (taxes) linger on as a general obligation to the taxpayer, even after the fiscal corrections are made.

"The camels nose is in the tent" is one of my favorite expressions and it certainly applies here, IMO.

:doscentavos:

 

[don_equis]

America going from one extreme to another is not healthy, you get newbies like Obama just because Beyonce can finally say that she feels like becoming smarter...

And where where these republicans and these democrats counter parts when Bush was just spending spending and more spending?? that $700 billion that was slipped under the table? where is the executives from wall street and these banks outrage?

Why stop there? why not put a cap on Big Sports?! These numbnuts who get pay so much for playing and then most of them go and get themselves in trouble with the law...what about Big Hollywood? these celebrities they don't need all that money..shit I thought that's why we had a minimun wage not a maximun wage...frankly I don't make that much and perharps never will so I don't care...freedom and less goverment is my way to go!

 

[Funkwerkz]

Even tough Obama fails at convertion to socialism in 2012, there will not be a capitalist system within US borders and it won't be a mixed type of system too. US economy will have no certain economic system.

Fuck Obama-stic socialism! It's not true socialism. It's a twisted type of capitalism that can change into socialism (like Dr Jekyll, Mr Hyde: double identity a in single body and continous identity crisis).

Stop messing with the economy. Stimulus packages are not final remedy for economy, they are like cocaine, heroin, extacy that bring temporary relaxation and pleasure. And they indicate wasted taxes paid by loyal US citizens. Develop better financial & industrial mechanisms within rules of capitalist system.

 

[meesterperfect]

I don't get why people have a problem with this. If your a business and your going to except assistance from the government, it seems like it's only common sense that the government gets to put reasonable restrictions on you if you choose to accept that assistance in that instance. .

Not many have a problem with that.
Making sure gov bailout money is robbed and wasted is one thing.

Using it as an excuse to mandate other/all other big business is another.

You guys can;t see that he is clearly using the former as an excuse to do the latter?
Very sneaky
The administration also will propose long-term compensation restrictions even for companies that don’t receive government assistance, Obama said.

 

[Imagine]

:hatsoff:

Oh, so you're not a resident of the planet Earth? Well hot damn, we have proof of alien life, people. Still working on intelligent alien life, but hey, baby steps I guess.

Companies should either sink or swim on their own devices. The government has no business bailing out private enterprise, it wouldn't be private enterprise if they did. The government's agenda is to bail out today and acquire tomorrow. Not bad for a bunch of tax evading, do as I say, not as I do, loons.

You just stopped reading my post after the part you quoted?

 

[Torre82]

I believe the acronym 'TL,DR' should often, OFTEN be used on this board.. as it's done so often. lol

Too Long, Didnt read.

Bested only by TL,DC = Too long, Didnt Care.

 

[don_equis]

Hey at least we have a huge variety of vodka these days so many flavors where should we start comrades?

 

[Peter Gazinya]

In principle I agree with your sentiment, however, how is this the business of government ? It never was, previous. What kinds of after effects will linger after the dust settles and the economy recouperates ? Will these bailed out businesses be subject to government dictate forever ?

I resent the government inflating the currency all the more, with each and every bailout agreement, and then, adding insult to injury, acquiring positions of power within those publicly traded entities. It's almost coercive, what they're doing with this bailout program. Shouldn't this require the consent of The People ?

The bailout scheme reminds me of those "temporary" taxes that the government likes to impose upon us . . . there is nothing temporary about them at all. They (taxes) linger on as a general obligation to the taxpayer, even after the fiscal corrections are made.

Finally, Someone who (still) gets it!!!

Stop messing with the economy. Stimulus packages are not final remedy for economy, they are like cocaine, heroin, extacy that bring temporary relaxation and pleasure. And they indicate wasted taxes paid by loyal US citizens. Develop better financial & industrial mechanisms within rules of capitalist system.

Right on point too Funkwerz, especially the drug analogy. That's exactly what a "stimulus package" is. A temporary escape from reality providing an artificial sense of well-being followed by a tremendous low with lingering long term ill effects.

 

[calpoon]

History has been unkind to Prince John. While his brother King Richard was pissing away the country's wealth on things like the Crusades poor John was left with trying to balance the books.

True. Richard was a bloodthirsty marauder that murdered tons of innocent people. I'd give you rep for knowing your history, but I'm all out right now, it seems.

 

[Will E Worm]

Oh, so you're not a resident of the planet Earth?

I am a citizen of America. That is all. :hatsoff:

 

[tony c]

If this was the clean, straight and narrow guy all the subliminal messages were to have us think, why can't Obama assemble an honest cabinet?

Yes, change we can believe in comrades.

Don't forget, it's "stimulus" - not bailout or handout.

 

[Imagine]

I am a citizen of America. That is all.

I don't even know where to begin replying to that. Do I even need to tell you how many ways this statement is just plain wrong, pretty much no matter how you interpret it?

 

[E-Ann-Hilden]

Companies should either sink or swim on their own devices. The government has no business bailing out private enterprise, it wouldn't be private enterprise if they did. The government's agenda is to bail out today and acquire tomorrow. Not bad for a bunch of tax evading, do as I say, not as I do, loons.

Kudos, BTW, to Ford Motor Company CEO for turning up their nose at the governments' offering to bail out that fine entity, although, I must admit to being more of a GM kinda guy.

Private enterprise? A stretch of a term! Ford is not a private company in some sense, they took a big loan a few years ago to redo their company and business plan. Companies are beholden to shareholders (stockholders and your 401K), U.S. government and state governments for tax breaks given with tax payer dollars and providing sound business practices that benefit their employee's.

The bailouts are for preventing all of those factors from crumbling. Shame it has come to this! Everyone is afraid to lose their job now or open their mail from their investment services....

http://www.cbsnews.com/stories/2006/05/11/ap/business/mainD8HHOD100.shtml

 

[titsrock]

Greed has caused a disconnect between the ultra-rich, the corporation and "reality." The ultra-rich and the corporation got so rich under Bush that they let greed guide their business principles.

This is hardly socialism. It is merely a temporary punishment for companies and individuals who refuse to operate within "reality."

Fundamentally, we need lots of regulation to be re-introduced BACK into capitalism.

We need the stimulus package to be passed immediately so, psychologically, we can throw dirt on Dubya's incompetence (and ghostly spectre) and start growing up and rebuilding our nation....

 

[Facetious]

Shame it has come to this! Everyone is afraid to lose their job now or open their mail from their investment services....

Yes, it is a shame, E.A.H. I can relate entirely with this statement. I have several, tens of envelopes stacking up. I haven't quite figured out what it is that I'm going to bite down on upon opening said "investment statements".

In the spirit of keeping it lite, the mood and demeanor of the thread, that is, do any of you guys have any recommendations as to what it is I should bear down on ? My keyboard, a lamb bone maybe ?


Over the last twenty or thereabouts, years,The corporate business structure has been majorly shuffled, reinvented, spun, tweeked, insourced, outsourced, nafta-ed, GATT-ed . . :tongue: who knows exactly who's to blame for the impending econ apocalypse that we're about to endure ?
I just know that, by the looks of things, conditions are what they are, by specific design. This is no accident or something out of happenstance, IMNSHO. . .and we can open up another pandora's box of a thread, specific to speculation, hypothesis and, oh yeah, the ever delicate
†c o n s p i r a c y, , if anybody wishes. . .

Time now to go blow off about 80 - 100 rounds of 7.62 mm (.308 Win.) out yonder, b'fore The "O"men's talibanner, anti firearm goon squad arrives.

†which isn't entirely out of the realm of possibility

 

[Funkwerkz]

WTF is going on in NYSE?! Jobless rate rose by 598,000 but the market also jumped. I don't like this jump. We could have a very stinking crap at our hands in any moment. This is not something related stimulus pack stuff. Another "Financial Storm & Earthquake" is on the way, this market rises look like the silence before storm.

Turkish Istanbul Stock Exchange is so dumb. We have nothing in our pockets but the market jumps too.

Fuck! Economy is scrambled! 100 stimulus packages can solve this problem. Print money, damn FED maniacs!

To solve this recession and any potential recessions and depressions, redefine capitalism and establish a new global economic system with security barriers.

 

[Bloodshot Scott]

Only one thing to say: I hope Obama fails abysmally.

 

[Red Spyder]

It may not be socialist just yet, but it does remind me of the old "frog soup recipe", how do you boil a frog? Don't throw it into boiling water, it'll just jump out. Put it in cool water and gradually increase the temperature. By the time it realizes what's going on it'll be too late. I think it's the same thing here, but instead of a frog it's we the people and instead of boiling water it's socialism. Trying to find a simple way to explain this.

Second point, are you personally better off just because Rich White Guy, CEO, is not going to get a gazillion dollar bonus? And what bussiness is it of Obama or any POLITICIAN to dictate what a CEO makes? That really does reek of socialism. Whatever a CEO makes is up to the shareholders. You don't want Rich White Guy, CEO of Big Business, Inc to make that gazillion dollar bonus? Here's my solution for you, get some stock in the company and vote against that.

 

[IsobelWren]

This doesn't effect anybody here.



He's putting a cap on their salary, and their salary alone, just so they don't give themselves millions of dollars worth of bonuses, even though they are crying out for financial help.

+1 to Chitown

 

[marquis2]

It may not be socialist just yet, but it does remind me of the old "frog soup recipe", how do you boil a frog? Don't throw it into boiling water, it'll just jump out. Put it in cool water and gradually increase the temperature. By the time it realizes what's going on it'll be too late. I think it's the same thing here, but instead of a frog it's we the people and instead of boiling water it's socialism. Trying to find a simple way to explain this.

Second point, are you personally better off just because Rich White Guy, CEO, is not going to get a gazillion dollar bonus? And what bussiness is it of Obama or any POLITICIAN to dictate what a CEO makes? That really does reek of socialism. Whatever a CEO makes is up to the shareholders. You don't want Rich White Guy, CEO of Big Business, Inc to make that gazillion dollar bonus? Here's my solution for you, get some stock in the company and vote against that.

If tax dollars are being pumped into the banks then the politicians have to make sure that the taxpayers' money isn't wasted or diverted.The taxpayers don't want their hard earned money to go to pay senior executives bonuses for failure.