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equalizer.
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May 5, 2009 at 11:57 PM #393835May 6, 2009 at 12:01 AM #394055
CoronitaParticipant[quote=SD Realtor]I know jp, I know… but printing money is… well it is to be expected.
To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.
Doesnt this seem kind of scary to you?
*************
I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.
[/quote]
Yup resistance is futile. Me thinks banks that want to quickly repay TARP to get out of the Fed control are going soon run into more hoops to jump through before the Fed allows them too. Part of me thinks the Fed wants to control the banks.
I keep saying I didn’t vote for this administration. (Not saying the other one would have done better. But perhaps nothing would have gotten done…And that might have been better)
May 6, 2009 at 12:01 AM #394110CoronitaParticipant[quote=SD Realtor]I know jp, I know… but printing money is… well it is to be expected.
To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.
Doesnt this seem kind of scary to you?
*************
I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.
[/quote]
Yup resistance is futile. Me thinks banks that want to quickly repay TARP to get out of the Fed control are going soon run into more hoops to jump through before the Fed allows them too. Part of me thinks the Fed wants to control the banks.
I keep saying I didn’t vote for this administration. (Not saying the other one would have done better. But perhaps nothing would have gotten done…And that might have been better)
May 6, 2009 at 12:01 AM #394251CoronitaParticipant[quote=SD Realtor]I know jp, I know… but printing money is… well it is to be expected.
To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.
Doesnt this seem kind of scary to you?
*************
I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.
[/quote]
Yup resistance is futile. Me thinks banks that want to quickly repay TARP to get out of the Fed control are going soon run into more hoops to jump through before the Fed allows them too. Part of me thinks the Fed wants to control the banks.
I keep saying I didn’t vote for this administration. (Not saying the other one would have done better. But perhaps nothing would have gotten done…And that might have been better)
May 6, 2009 at 12:01 AM #393583CoronitaParticipant[quote=SD Realtor]I know jp, I know… but printing money is… well it is to be expected.
To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.
Doesnt this seem kind of scary to you?
*************
I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.
[/quote]
Yup resistance is futile. Me thinks banks that want to quickly repay TARP to get out of the Fed control are going soon run into more hoops to jump through before the Fed allows them too. Part of me thinks the Fed wants to control the banks.
I keep saying I didn’t vote for this administration. (Not saying the other one would have done better. But perhaps nothing would have gotten done…And that might have been better)
May 6, 2009 at 12:01 AM #393840CoronitaParticipant[quote=SD Realtor]I know jp, I know… but printing money is… well it is to be expected.
To me this is a hell of alot more scary. Our government is taking ownership of a private company. The union who backed the current party in power, is now partial owner of that company. It is likely this will happen to another company.
Doesnt this seem kind of scary to you?
*************
I mean, I guess what is more scary to me is that the public, the press, well pretty much nobody is batting an eye.
[/quote]
Yup resistance is futile. Me thinks banks that want to quickly repay TARP to get out of the Fed control are going soon run into more hoops to jump through before the Fed allows them too. Part of me thinks the Fed wants to control the banks.
I keep saying I didn’t vote for this administration. (Not saying the other one would have done better. But perhaps nothing would have gotten done…And that might have been better)
May 6, 2009 at 12:30 AM #394065equalizer
Participant[quote=flu]
Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
Most be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.[/quote]USPS is losing money because they are forced to undercharge for first class mail and forced to deliver 6 days a week, not just because of “fat lazy overpaid” union mobs. The fixed costs are incredibly high. If you go outside CA, you would notice that USPS workers actually walk their route and deliver to each house not drive around to boxes.
from the Economist, businesses don’t want to give up welfare subsidy otherwise known as cheap Sat bulk mail,etc. You dont think the postal rates are kept low to keep the blue collar happy do you?
“Congress has encouraged the Postal Service, which is an independent agency under the control of the executive branch, not to rely on government money and to function more like a company. It has not given the agency a handout since the early 1980s. So Potter has been trying to cut costs.
The country’s third-largest employer, the Postal Service is reconfiguring delivery routes, reducing work hours and cutting staff through attrition. Starting on Saturday, New York’s main post office, which prides itself on being open 24 hours a day, will close its overnight window. Other post offices around the country may close down completely.
In spite of these cost-cutting measures, Potter knows that, without help, the service could run out of cash by the end of the year. He has asked Congress to consider changing the law and allowing the postal service to cut deliveries from six days a week to five.
A Gallup poll shows that most Americans would rather see a cut in services than an increase in stamp prices or a government bailout. But not everyone agrees.
Businesses, which send advertisements in bulk, will be fierce opponents of any reduction in delivery days.
Postal Accountability and Enhancement Act of 2006 actually forbids America’s Postal Service to do anything but handle the mail”
May 6, 2009 at 12:30 AM #394261Participant[quote=flu]
Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
Most be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.[/quote]USPS is losing money because they are forced to undercharge for first class mail and forced to deliver 6 days a week, not just because of “fat lazy overpaid” union mobs. The fixed costs are incredibly high. If you go outside CA, you would notice that USPS workers actually walk their route and deliver to each house not drive around to boxes.
from the Economist, businesses don’t want to give up welfare subsidy otherwise known as cheap Sat bulk mail,etc. You dont think the postal rates are kept low to keep the blue collar happy do you?
“Congress has encouraged the Postal Service, which is an independent agency under the control of the executive branch, not to rely on government money and to function more like a company. It has not given the agency a handout since the early 1980s. So Potter has been trying to cut costs.
The country’s third-largest employer, the Postal Service is reconfiguring delivery routes, reducing work hours and cutting staff through attrition. Starting on Saturday, New York’s main post office, which prides itself on being open 24 hours a day, will close its overnight window. Other post offices around the country may close down completely.
In spite of these cost-cutting measures, Potter knows that, without help, the service could run out of cash by the end of the year. He has asked Congress to consider changing the law and allowing the postal service to cut deliveries from six days a week to five.
A Gallup poll shows that most Americans would rather see a cut in services than an increase in stamp prices or a government bailout. But not everyone agrees.
Businesses, which send advertisements in bulk, will be fierce opponents of any reduction in delivery days.
Postal Accountability and Enhancement Act of 2006 actually forbids America’s Postal Service to do anything but handle the mail”
May 6, 2009 at 12:30 AM #393591Participant[quote=flu]
Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
Most be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.[/quote]USPS is losing money because they are forced to undercharge for first class mail and forced to deliver 6 days a week, not just because of “fat lazy overpaid” union mobs. The fixed costs are incredibly high. If you go outside CA, you would notice that USPS workers actually walk their route and deliver to each house not drive around to boxes.
from the Economist, businesses don’t want to give up welfare subsidy otherwise known as cheap Sat bulk mail,etc. You dont think the postal rates are kept low to keep the blue collar happy do you?
“Congress has encouraged the Postal Service, which is an independent agency under the control of the executive branch, not to rely on government money and to function more like a company. It has not given the agency a handout since the early 1980s. So Potter has been trying to cut costs.
The country’s third-largest employer, the Postal Service is reconfiguring delivery routes, reducing work hours and cutting staff through attrition. Starting on Saturday, New York’s main post office, which prides itself on being open 24 hours a day, will close its overnight window. Other post offices around the country may close down completely.
In spite of these cost-cutting measures, Potter knows that, without help, the service could run out of cash by the end of the year. He has asked Congress to consider changing the law and allowing the postal service to cut deliveries from six days a week to five.
A Gallup poll shows that most Americans would rather see a cut in services than an increase in stamp prices or a government bailout. But not everyone agrees.
Businesses, which send advertisements in bulk, will be fierce opponents of any reduction in delivery days.
Postal Accountability and Enhancement Act of 2006 actually forbids America’s Postal Service to do anything but handle the mail”
May 6, 2009 at 12:30 AM #393850Participant[quote=flu]
Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
Most be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.[/quote]USPS is losing money because they are forced to undercharge for first class mail and forced to deliver 6 days a week, not just because of “fat lazy overpaid” union mobs. The fixed costs are incredibly high. If you go outside CA, you would notice that USPS workers actually walk their route and deliver to each house not drive around to boxes.
from the Economist, businesses don’t want to give up welfare subsidy otherwise known as cheap Sat bulk mail,etc. You dont think the postal rates are kept low to keep the blue collar happy do you?
“Congress has encouraged the Postal Service, which is an independent agency under the control of the executive branch, not to rely on government money and to function more like a company. It has not given the agency a handout since the early 1980s. So Potter has been trying to cut costs.
The country’s third-largest employer, the Postal Service is reconfiguring delivery routes, reducing work hours and cutting staff through attrition. Starting on Saturday, New York’s main post office, which prides itself on being open 24 hours a day, will close its overnight window. Other post offices around the country may close down completely.
In spite of these cost-cutting measures, Potter knows that, without help, the service could run out of cash by the end of the year. He has asked Congress to consider changing the law and allowing the postal service to cut deliveries from six days a week to five.
A Gallup poll shows that most Americans would rather see a cut in services than an increase in stamp prices or a government bailout. But not everyone agrees.
Businesses, which send advertisements in bulk, will be fierce opponents of any reduction in delivery days.
Postal Accountability and Enhancement Act of 2006 actually forbids America’s Postal Service to do anything but handle the mail”
May 6, 2009 at 12:30 AM #394119Participant[quote=flu]
Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
Most be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.[/quote]USPS is losing money because they are forced to undercharge for first class mail and forced to deliver 6 days a week, not just because of “fat lazy overpaid” union mobs. The fixed costs are incredibly high. If you go outside CA, you would notice that USPS workers actually walk their route and deliver to each house not drive around to boxes.
from the Economist, businesses don’t want to give up welfare subsidy otherwise known as cheap Sat bulk mail,etc. You dont think the postal rates are kept low to keep the blue collar happy do you?
“Congress has encouraged the Postal Service, which is an independent agency under the control of the executive branch, not to rely on government money and to function more like a company. It has not given the agency a handout since the early 1980s. So Potter has been trying to cut costs.
The country’s third-largest employer, the Postal Service is reconfiguring delivery routes, reducing work hours and cutting staff through attrition. Starting on Saturday, New York’s main post office, which prides itself on being open 24 hours a day, will close its overnight window. Other post offices around the country may close down completely.
In spite of these cost-cutting measures, Potter knows that, without help, the service could run out of cash by the end of the year. He has asked Congress to consider changing the law and allowing the postal service to cut deliveries from six days a week to five.
A Gallup poll shows that most Americans would rather see a cut in services than an increase in stamp prices or a government bailout. But not everyone agrees.
Businesses, which send advertisements in bulk, will be fierce opponents of any reduction in delivery days.
Postal Accountability and Enhancement Act of 2006 actually forbids America’s Postal Service to do anything but handle the mail”
May 6, 2009 at 12:53 AM #393597Participant[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
You know what scares sh-t out of me – that we Piggs could have more common sense than all the Harvard masters grads. Rick Wagoner, Harvard Business grad, testified in front of Congress just months ago that he thought car sales could average 15, 15.5 million annually with financing was “normal”. Sales rate was under 10M last month. After massive spike due to housing bubble, Rick didn’t think that auto sales could (or should) go below trend for a while?
BTW, I’ve been hammering at UAW since the 1998 GM strike when management caved. Again in 2002 when big three caved in to UAW with NO demands. I have been warning of this problem for 11 years, so no one get to blame me since I didn’t have Rick’s job.
May 6, 2009 at 12:53 AM #393855Participant[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
You know what scares sh-t out of me – that we Piggs could have more common sense than all the Harvard masters grads. Rick Wagoner, Harvard Business grad, testified in front of Congress just months ago that he thought car sales could average 15, 15.5 million annually with financing was “normal”. Sales rate was under 10M last month. After massive spike due to housing bubble, Rick didn’t think that auto sales could (or should) go below trend for a while?
BTW, I’ve been hammering at UAW since the 1998 GM strike when management caved. Again in 2002 when big three caved in to UAW with NO demands. I have been warning of this problem for 11 years, so no one get to blame me since I didn’t have Rick’s job.
May 6, 2009 at 12:53 AM #394125Participant[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
You know what scares sh-t out of me – that we Piggs could have more common sense than all the Harvard masters grads. Rick Wagoner, Harvard Business grad, testified in front of Congress just months ago that he thought car sales could average 15, 15.5 million annually with financing was “normal”. Sales rate was under 10M last month. After massive spike due to housing bubble, Rick didn’t think that auto sales could (or should) go below trend for a while?
BTW, I’ve been hammering at UAW since the 1998 GM strike when management caved. Again in 2002 when big three caved in to UAW with NO demands. I have been warning of this problem for 11 years, so no one get to blame me since I didn’t have Rick’s job.
May 6, 2009 at 12:53 AM #394070Participant[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
You know what scares sh-t out of me – that we Piggs could have more common sense than all the Harvard masters grads. Rick Wagoner, Harvard Business grad, testified in front of Congress just months ago that he thought car sales could average 15, 15.5 million annually with financing was “normal”. Sales rate was under 10M last month. After massive spike due to housing bubble, Rick didn’t think that auto sales could (or should) go below trend for a while?
BTW, I’ve been hammering at UAW since the 1998 GM strike when management caved. Again in 2002 when big three caved in to UAW with NO demands. I have been warning of this problem for 11 years, so no one get to blame me since I didn’t have Rick’s job.
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