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12-28-2009, 07:37 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
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Dave what I have been saying for years, we run on the Jack System, as in "Screw you Jack, I've got mine".
I have commented on how our mortgage system was designed by thieves for thieves. Now I know there are many honest people in the business, but the system tempts people to cheat. Suppose I am a mortgage broker, my kid needs college tuition and I have this client who wants to buy an $750,000 home. I know his income won't meet the mortgage after the first year, but I get one point from the $700,000 mortgage and run no risk, so I refer him. The bank knows that it will securitize his mortgage along with others and sell it so they take their two points and sell the bundle. If this is not what Wall Street calls Moral Hazard they bloody well should have.
Sure there is greed in abundance out there but the system only encourages it, to the point where honest folk are thought to be fools.
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Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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12-28-2009, 08:13 AM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Quote:
Originally Posted by merrylander
We could have insisted that the Big Three come up with better iron.
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WAAAAY to hard for the big 3 to understand, they were arrogant.
Folks, we start a trade war and this recession will look like a quaint little problem.
Why can the Japs make money building cars here, but we can't? What is different?
Pete
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“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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12-28-2009, 09:48 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by piece-itpete
WAAAAY to hard for the big 3 to understand, they were arrogant.
Folks, we start a trade war and this recession will look like a quaint little problem.
Why can the Japs make money building cars here, but we can't? What is different?
Pete
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The Japanese plants are largely, but not entirely, non-union.
This is a problem that can, and should be resolved.
I agree, Pete. The playing field needs to be levelled.
The Japanese managers have had it entirely too easy for entirely too long.
Dave
Dave
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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12-28-2009, 12:32 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by piece-itpete
WAAAAY to hard for the big 3 to understand, they were arrogant.
Folks, we start a trade war and this recession will look like a quaint little problem.
Why can the Japs make money building cars here, but we can't? What is different?
Pete
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So we should sit back and be raped?
Because the states where they located gave them big tax breaks and even paid them to locate where they are. They are non-union and pay scab wages. Their home governments subsidise them, part of Japanese trade policy, subsidise their manufacturers until they have eliminated the competition, then watch out.
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Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Last edited by merrylander; 12-29-2009 at 07:06 AM.
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12-28-2009, 12:40 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
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They pay well Rob, and around here anyway the state gives big money to the 'medium two' ( ) to stay put and expand.
It's the crazy bennies. Last contract, one concession was they gave up the day after Easter as a holiday.
I didn't know some folks got that day. I've never even heard of it.
I agree, Japan is no slouch and we should be very careful. I vote for full reciprocity regarding trade.
Pete
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“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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12-28-2009, 01:13 PM
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Senior Member
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Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
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Quote:
Originally Posted by piece-itpete
They pay well Rob, and around here anyway the state gives big money to the 'medium two' ( ) to stay put and expand.
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There are a lot of hidden percs the southern states like Alabama, South Carolina and Kentucky have given the foreign manufacturers for locating in their states, everything from giving them free tax-free land to building the highways that run past it.
Quote:
It's the crazy bennies. Last contract, one concession was they gave up the day after Easter as a holiday.
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Well, they've cut their wages and benefits to the point where they can't getaway with more. All they have left is to nickel and dime the workers around the edges by taking away little things like paid days off.
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I didn't know some folks got that day. I've never even heard of it.
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And you never will again.
Quote:
I agree, Japan is no slouch and we should be very careful. I vote for full reciprocity regarding trade.
Pete
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If you're talking about tariff and such it's kinda too late for the car companies. How do you put an import tariff on something built here by a foreign company?
John
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Smoke me a kipper. I'll be back for breakfast.
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12-29-2009, 12:45 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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"So we should sit back and be raped?"
That's the plan, Rob.
You see;
It's our Patriotic duty to see that the wealthy are very well taken care of, their every whim and desire catered to and their assholes properly licked clean. American workers compensation should be brought in line with the average Guatemalan, so that the "playing field" will at long last be level.
And we will do this voluntarily, because we're "Great Americans" who realize it's just the natural order of things for the rich to shit on the rest of us.
They should have a totally free hand to decide totally on their own how much of their table scraps each one of us is worth. Without any pesky annoyances to get in the way, like the minimum wages, collective bargaining and all of that nonsense.
How dare us, the bad, evil, naughty and lackadaisical American workers, how dare we expect to have a voice and a way to stand up for ourselves? They never do anything sneaky or underhanded. They can't, because everybody knows the bosses are angelic beings, sent by the Almighty himself to bestow providence upon us! They do it out of love, caring and divine inspiration, Rob. And we should be proud to serve them humbly and, of course, as cheaply as possible.
And Hey, who knows? If you're a really good dog, fetch his slippers, and refrain from soiling his Persian rugs with your bodily excretions, the bastard might even buy you a beer with the money he's made off of your labor..............
Dave
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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12-28-2009, 02:26 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Not only that they are assembled here, many of the parts are imported.
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Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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12-28-2009, 02:55 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Maybe we can get South Carolina to seceed.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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12-29-2009, 07:16 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Its really funny Dave, Pete talks about bennies as if American workers get excessive holidays. For the last three or four years before I left Bell I was getting 6 weeks paid vacation each year and was able to bank what I could not use. When I retired I was actually on vacation for two and a half months before my pension kicked in.
Here you are lucky to get two weeks and are expected to tug the forelock and say thankee master. Americans have got to have the worst labour practices of any industrialized nation, and even with such lousy deals the masters still ship the jobs off-shore because they say the workers want too much. Sure, but it is OK to pay the CEO $20,000,000 a year - for what?
One of the things that really impressed me about all the companies I worked for down here was just how effing stupid the inhabitants of Mahogany Row could be. Maybe it is the quarterly reporting thing, but their view of the future barely sees as far as the end of next week.
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Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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