My case in point: in 2012 the Koch brothers made 11 billion in profit yet still laid off over 25% of their workers in Green Bay, many middle aged. Now they need to find retraining, find a job, and still support their families. Most ended up losing their homes or at the very least downsizing. What CEO has every lost their home, needed to be retrained, or lost their life savings trying to make ends meet after a business went under or they got fired?
What I heard from Obama is that one man cannot make a successful business without good workers and good workers should be recognized for their contribution to the organization. Currently the climate is that only the CEO is of any importance and should take advantage of their workers any way they can.
One would have to write a book to even begin to explore all the details of our current economic system, and as I said, there's limited space here. All I know is when the working class has enough money to cover all their expenses (housing, transportation, medicine, food, school, taxes, clothing, etc.), plus a reasonable amount of extra to spend or invest, more goods are sold and the economy gets a major boost and becomes more stable. Agai...
One would have to write a book to even begin to explore all the details of our current economic system, and as I said, there's limited space here. All I know is when the working class has enough money to cover all their expenses (housing, transportation, medicine, food, school, taxes, clothing, etc.), plus a reasonable amount of extra to spend or invest, more goods are sold and the economy gets a major boost and becomes more stable. Again, I'm no expert, but this seems to be a bit of a no-brainer.
I was president of a small corporation years ago, and even then I didn't understand all the hoops and ladders of our tax system (thankfully we had a good accountant and a good lawyer), but I do know when our local economy was solvent, the majority "working class" were able to pay their bills and live securely if they held a decent job. Now, with the elimination of pensions, cuts in wages and benefits, and outsourcing of jobs, I look around and see those who have worked and supported the system facing foreclosures, unable to afford health insurance, unable to meet their basic needs, and struggling just to keep their taxes payed. I see small businesses going under with little or no help, while the large conglomerates receive direct bailouts. So whatever the details may be, something is definitely wrong with the big picture.
I am simply elaborating on the no-man-is-an-island cliché. Appreciating support, good health, etc., is part of humility and gratitude. Much more than a successful business is at issue.
"Barack Obama said that successful Americans “didn’t get there” on their own.
The official transcript relates:
There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. [Emphasis added]
He continued:
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. [Emphasis added]"
Do they really think that if a investor did not invest in an idea and create a business that those worker would have a job. That is like saying you could go and work for Mc Donalds before it was ever became a fast food restaurant.
Now remember, Obama was touting how he captured and kill Osama. By Obama's standards not even the Navy Seal Team 6 killed Osama. It was the manufacture of the carbon fiber material used to build the helicopters they flew. The metal worker who melted and pour the metal used to build the bullet. The textile companies that made the uniforms, the tech company the built the night vision. By far Obama had nothing to do with the killing of Osama, remember the helicopter could not have flown without the air GOD created. So he can not take credit.
Remember the Obama campaign are attacking Romney for his record of being the CEO of Bain Capital after 1999, yet Bain did not change their documents to reflect the current CEO and Obama financier Jonathan Lavine. Odd, Jonathan Lavine is the man in charge of Bain during the years they exported jobs to China.
http://www.thegatewaypundit.c...
Can you understand it NOW !!!!!
When the Bush recession came raging down upon us, it was not the wealthy investors that lost gluteal fiber; it was the rest of us. We bailed our at great cost and suffering to ourselves the banks, hedge funds, etc., that had squandered our pensions and cost so many of us our livelihoods.