Originally posted by: LegendKiller
Originally posted by: SMOGZINN
Originally posted by: LegendKiller
Originally posted by: SMOGZINN
Originally posted by: BoomerD
The Fleecing of America Continues...
...
Howe the hell can these banks justify feeding at the corporate trough, then spending $10 million to sponsor the SuperBowl?
Don't they fucking get it?
It's MY money and I want it NOW!
The fleecing of America continues...at a record pace.
This is the exact reason we should not be bailing out any company. Once we give them our money we feel that we have a right to tell them how to run their company, and that will never work. Either nationalize the companies (please don't!) or GTFO and let them live and die by their choices.
And let the entire economy die within a month.
How about we be rational, keep the economy going, let it wind down in an orderly manner, and shut the fuck up about short-term solutions?
Short-term "I want this, I want that" irrational behavior got us into this situation. It'll take long-term planning to get us out. Too bad too many Americans have ADD/HD.
It is short term irrational behavior that you are advocating. The bail outs do nothing to fix the root causes of these problems and just hand huge amounts of money to the ones that caused this in the first place hoping that if we just give enough away then everything will be okay.
Our current economy is a house of cards. It is based on the idea that stocks prices are the only important indicator of a company?s value, and stock prices are based not on what the company makes, but on how much the company grows. The only long term solution is to let the failures fail and let the economy crash and rebuild one that is actually stable. It will hurt, it will probably be devastating. But it will work and not just postpone the problem a few more years in the hopes that the current admin will be out of office and the next suckers will have to handle it.
I agree that the bailouts do nothing to fix the problem, they just prevent the whole system from collapsing while the problems are fixed. You think the problem is the entire system, how nihilistic of you. In reality, there is nothing wrong with our econony, a company's valuation isn't based off of growth, but is based off of what it produces. That production can be revenue, if the revenue grows at less than what is expected, then the stock goes down. It is not growth driving the stock price, but the result of the growth.
Is Microsoft not a company that doesn't have much growth? Does it not dividend out a sigificant amount? What exactly does it "make"? IP, not goods.
What about a financial services company. Many are very well run (some aren't). What do they make? How much do they grow? They don't "make" much, they deploy capital above what the capital costs them, adding intellectual capital and services utilizing that capital, to move funds.
I find it hilarious that simple minded knuckle-draggers think that the only valuable thing "made" is one they can touch. They think manufacturing is the apex of an economy, yet fail to realize that an economy can be far more than that. Your nihilistic viewpoints harken back to the time when everybody feared machines and wanted to stay pig farmers and nail makers. Fear the machines, they are evil! Sorry, but your neo-Luddite bullshit doesn't square with me.
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