Reply by Susan Fischer on 9/9/07 2:59am
Msg #209996
The numbers for job loss/gain was a loss. The trickle down
is affecting everyone but the rich, and their employers, the wealthy.
Rental housing is scarce, and many more people are un/underemployed and medically uninsured.
The Greedy Bashtards are cashing in on their stock options, securing positions in the 'mainstream' financial marketplace, and adjusting.
Meanwhile, the middle class is so credit stressed, what with keeping up with Madison Avenue's uber-advertising campanage for frufru. And the everyday costs of groceries, transportation, education and health care inflate on a daily basis. The very consumers counted on to maintain the phenominal growth projections of greedy corporations are becoming cash-poor and credit screwed. Soon, the importation of trinkets and electronic baubles from abroad are out of reach to more and more people, because groceries, insurance, everything, is rising at alarming rates. Look at the "Anti-Cash" commercials for credit cards.
Our econmic stability depends upon sensible policies. The current industry debacle is a product of sheer, unmitigated greed, void of oversight and accountability. It's a corporate cancer and it's killing us.
"Globilization" is merely the exploitation of workers to satisfy the Corporate Greed. Why in the world would we import cantaloupes from China? Then bringing it to our industry, why would I get a call for a signing from someone in India?
From the farmworker to the professional notary, corporations control. And corporations have no feelings or consciousness (sp?) The president of Countrywide is enjoying 400+ million dollars in cash from stock options over the last three years, which I suspect, will not be applauded by the 12, 000 folks laid off over the next several months. For instance.
What do you all think will bring us out of this recession?
I remember when American grew the food American ate, and shipped the surplus overseas. I remember when we manufactured our steel, our tires, our lumber, our fabrics and clothes, our machinery, our cars and our energy and fuel and provided these resources to the world as well.
I remember when we balanced a national budget and had a surplus to accomodate a growing society. When we cared for the poor, provided all children first-rate educations, and celebrated our compassionate prosperity with pride in a model to be admired and emulated.
I remember American Ingenuity building the finest infrastructure in the world. And I remember a time when corporations served the people, not themselves.
Democracy is based on a balance of powers. It is out of balance. This recession is a turning point in our Democracy. "Globilization" is our nemises. It's up to we, the people, to regain our Country, and our inherent rights and freedoms.
Strong companies of the past relied on small, steady growth. Small and steady...that's the ticket. Doable. Sustainable. Sensible growth. Cash and carry, take care of the workers, build assets and spread the wealth. Henry Ford made a car all his workers could afford.
The corporate Usery Practices are a fundamental culprit in this foreseeable recession - as well as the public's thirst for more and bigger and better and shinier and slicker stuff. Something-for-nothing (or a price) mindset. Bling. To heck with society - the country as a whole. Greed, greed, greed.
Credit should be hard to get, not easy as pie.
JMHO.
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