No I don't want a goddam stimulus

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No I don't want a goddam stimulus

2008-11-24 14:33:41

SealXo: Member; +309|6840

http://www.reuters.com/article/newsOne/ … QC20081124

Obama, who warned again that the economy would likely get worse before it got better, declined to put a price tag on the two-year stimulus proposal which other Democrats have estimated at hundreds of billions of dollars.

https://i119.photobucket.com/albums/o155/xXxTheDevilsRejectxXx/Inflation1923.jpg

^ Post WW1 German lady getting her dough together to go buy a loaf of bread.

What the hell will another stimulus do? The last one didn't work. And hell even if I wanted to use the money to buy goods, every things fucking made in China anyways. A TV? Japan. A new car, I'd say Germany. Good bye global purchasing power.

Here is a great site with all the bailouts put together
vvv
http://www.propublica.org/special/government-bailouts

● Bear Stearns 2008 JP Morgan Chase and the federal government bailed out Bear Stearns when the financial giant neared collapse. JP Morgan purchased Bear Stearns for $236 million; the Federal Reserve provided a $30 billion credit line to ensure the sale could move forward. $30 billion
● Fannie Mae / Freddie Mac 2008 The near collapse of two of the nation's largest housing finance entities was yet another symptom of the subprime mortgage and housing market crisis. In an effort to prevent further turmoil within the financial market, the U.S. government seized control of Fannie Mae and Freddie Mac and guaranteed up to $100 billion for each company to ensure they would not fall into bankruptcy. $200 billion
● American International Group (A.I.G.) 2008 When AIG was unable to secure a private-sector loan, the federal government intervened by seizing control of the insurance giant. Less than one month after the initial bailout and just days after AIG announced it had already drawn down $61 billion of its loan, the Fed stepped in with an additional $37.8 billion to bolster AIG's securities lending business. In November, with the insurance giant continuing to report heavy losses, the Feds revised the terms of the bailout and purchased $40 billion in AIG preferred shares. $150 billion
● Auto Industry 2008 In late September 2008, Congress approved a more than $630 billion spending bill, which included a measure for $25 billion in loans to the auto industry. These low-interest loans are intended to aid the industry in its push to build more fuel-efficient, environmentally-friendly vehicles. The Detroit 3 -- General Motors, Ford and Chrysler -- will be the primary beneficiaries. $25 billion
● Troubled Asset Relief Program 2008 The Bush administration has proposed a rescue plan to ease the current crisis on Wall Street. If approved by Congress, the Treasury Department will be authorized to purchase up to $700 billion of distressed mortgage-backed securities and other assets and then resell the mortgages to investors. $700 billion
● Citigroup 2008 After Citigroup lost half its value in the stock market last week, the government decided to throw a hefty life ring to the drowning bank. The government will back roughly $306 billion in loans and securities and will inject about $20 billion in capital. This is in addition to the $25 billion the bank received not too long ago. As part of the agreement, Citigroup will freeze dividend payments at one penny per share per quarter for three years, restrict executive compensation and absorb the first $29 billion in losses and 10 percent of subsequent losses. The government could absorb up to $247.5 billion of Citigroup’s losses. $247.5 billion

1,350,000,000,000$
+ xxx,000,000,000$ -Stimulus
+ xx,000,000,000$ - American Auto Idiots
----------------------------
Holy Shit

I NEVER thought i would ever agree with this guy

Last edited by SealXo (2008-11-24 14:58:37)

2008-11-24 15:10:12

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

I agree with him that we shouldnt be handing over billions of dolars to an executive staff that has proven they cannot manage their affairs. There should be severe interjection if there is a single peny given to them.

Malloy must go

2008-11-24 15:12:03

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

Makes you wonder why people hate Walmart so much. I understand they eliminate ma & pa joints but those small businesses shouldnt be inflating prices so much in the first place. Besides in these tough times the continue to expand while others layoff.

Malloy must go

2008-11-24 15:20:53

SealXo: Member; +309|6840

deeznutz1245 wrote:
Makes you wonder why people hate Walmart so much. I understand they eliminate ma & pa joints but those small businesses shouldnt be inflating prices so much in the first place. Besides in these tough times the continue to expand while others layoff.

People who are against walmart are idiots. They wanted to build a walmart in Inglewood CA where unemployment is HUGE and no one has any money and crime is high. But the super libs said that minimum wage jobs wern't good enough.... Its like, so you'd rather have NO jobs then minimum wage jobs? (Which in CA is pretty high) And it got shot down. Great.

2008-11-24 15:24:20

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

SealXo wrote:
They wanted to build a walmart in Inglewood CA where unemployment is HUGE and no one has any money and crime is high. But the super libs said that minimum wage jobs wern't good enough.... .

I was this close to taking a job with them as a regional manager a month back because they pay so well. My buddy works fore them and makes $200,000 a year. I know not everyone makes that but shit, assistant managers with no education and a year or two with the company make $60,000 a year.

Malloy must go

2008-11-25 07:12:03

cpt.fass1: The Cap'n Can Make it Hap'n; +329|7000|NJ

What value does money really have, when all these companies are failing and the government just keeps throwing money at there lobiest friends to keep there companies a float..

Wall Mart is a horrible corporation that works towards putting their own stores out of business by building a newer ones close to older ones.. It's not that ma and pa shops have that huge of a mark up, it's that they can't compete against a place that buys that much bulk..

2008-11-25 07:34:27

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

SealXo wrote:
deeznutz1245 wrote:
Makes you wonder why people hate Walmart so much. I understand they eliminate ma & pa joints but those small businesses shouldnt be inflating prices so much in the first place. Besides in these tough times the continue to expand while others layoff.
People who are against walmart are idiots. They wanted to build a walmart in Inglewood CA where unemployment is HUGE and no one has any money and crime is high. But the super libs said that minimum wage jobs wern't good enough.... Its like, so you'd rather have NO jobs then minimum wage jobs? (Which in CA is pretty high) And it got shot down. Great.

In a condition where there are no jobs, that's one thing. When they move in to an area that isn't starved for employment and drive out businesses that have been there for years, that's a problem. They are getting to be like 7-11, where there is one on every corner. And make no mistake about it. While Wal Mart is the single largest employer in the US, small businesses are the backbone of this country. Not corporations.

And yes, I practice what I preach. I do not shop and Sams Club or Wal Mart.

2008-11-25 07:56:34

Braddock: Agitator; +916|6595|Éire

deeznutz1245 wrote:
Makes you wonder why people hate Walmart so much. I understand they eliminate ma & pa joints but those small businesses shouldnt be inflating prices so much in the first place. Besides in these tough times the continue to expand while others layoff.

I thinks it's a happy balance that most people want, you don't want a behemoth company that muscles absolutely everyone else out of the market and thus has the ability to artificially fix prices themselves and at the same time you don't want to have to pay 5 euro/dollars for an ice cream off some crusty old bint in an over-priced independent corner store.

2008-11-25 09:26:24

Spearhead: Gulf coast redneck hippy; +731|6994|Tampa Bay Florida

Wal Mart sucks balls and is a perfect example of unchecked corporations running wild in this country.

Exploit other countries workers -> sell cheapass shit to Americans for cheapass prices -> lower prices to defeat competetitors -> raise them back up when victorious

Wal Mart fanboys are idiots..... they can sell their stuff at low prices because they can afford to. Ma and pa joints can not. End of story.

2008-11-25 10:33:40

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

Spearhead wrote:
Wal Mart sucks balls and is a perfect example of unchecked corporations running wild in this country.

Exploit other countries workers -> sell cheapass shit to Americans for cheapass prices -> lower prices to defeat competetitors -> raise them back up when victorious

Wal Mart fanboys are idiots..... they can sell their stuff at low prices because they can afford to. Ma and pa joints can not. End of story.

Agreed. In fact, my better half wanted to buy a digital camera. She had a specific model in mind, so we went to a locally owned camera store. She wanted to price it at Wal Mart. This same name brand camera was a whole $1 cheaper at Wal Mart. I made her go back down the road to the locally owned camera shop to buy it there.

2008-11-25 10:39:23

Pug: UR father's brother's nephew's former roommate; +652|6846|Texas - Bigger than France

Spearhead wrote:
Wal Mart sucks balls and is a perfect example of unchecked corporations running wild in this country.

Exploit other countries workers -> sell cheapass shit to Americans for cheapass prices -> lower prices to defeat competetitors -> raise them back up when victorious

Wal Mart fanboys are idiots..... they can sell their stuff at low prices because they can afford to. Ma and pa joints can not. End of story.

One thing I never get about Walmart and the democrats. For instance, in Ma & Pa joints, usually the prices are higher and there's only one beneficiary - the store owner who usually is in a higher income bracket. So when a Walmart comes to town, there's usually a good place for a low-to-mid income family to get a job with excellent benefits (when compared to a Ma & Pa shop), and provides better prices for products for the same low-to-mid income bracket.

So in other words, I don't think democrats support Ma & Pa joints either, so I don't quite get why better job benefits aren't favored. Does it have to do with the idea that Walmart doesn't organically grow the economy? Or is it because Walmart isn't unionized?

I honestly don't know, because it seems to me that democrats would want the employee benefits Walmart supplies that are lacking when working for Ma & Pa.

Ps. I'm not a Walmart fanboy either...

2008-11-25 10:44:56

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

Pug wrote:
Spearhead wrote:
Wal Mart sucks balls and is a perfect example of unchecked corporations running wild in this country.

Exploit other countries workers -> sell cheapass shit to Americans for cheapass prices -> lower prices to defeat competetitors -> raise them back up when victorious

Wal Mart fanboys are idiots..... they can sell their stuff at low prices because they can afford to. Ma and pa joints can not. End of story.
One thing I never get about Walmart and the democrats. For instance, in Ma & Pa joints, usually the prices are higher and there's only one beneficiary - the store owner who usually is in a higher income bracket. So when a Walmart comes to town, there's usually a good place for a low-to-mid income family to get a job with excellent benefits (when compared to a Ma & Pa shop), and provides better prices for products for the same low-to-mid income bracket.

So in other words, I don't think democrats support Ma & Pa joints either, so I don't quite get why better job benefits aren't favored. Does it have to do with the idea that Walmart doesn't organically grow the economy? Or is it because Walmart isn't unionized?

I honestly don't know, because it seems to me that democrats would want the employee benefits Walmart supplies that are lacking when working for Ma & Pa.

Ps. I'm not a Walmart fanboy either...

Wal Mart does not have good benefits. In fact, for their size, they are one of the worst employers around for benefits.

2008-11-25 10:47:26

Pug: UR father's brother's nephew's former roommate; +652|6846|Texas - Bigger than France

Agent_Dung_Bomb wrote:
Wal Mart does not have good benefits. In fact, for their size, they are one of the worst employers around for benefits.

Are you comparing it to Microsoft or a Ma & Pa shop?

2008-11-25 11:05:48

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

Pug wrote:
Agent_Dung_Bomb wrote:
Wal Mart does not have good benefits. In fact, for their size, they are one of the worst employers around for benefits.
Are you comparing it to Microsoft or a Ma & Pa shop?

I said for their size, which would indicate that I was comparing it to other national retailers. But Wal-Mart is not the godsend that people think it is.

http://www.wakeupwalmart.com/facts/

2008-11-25 13:02:59

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

Agent_Dung_Bomb wrote:
Pug wrote:
Agent_Dung_Bomb wrote:
Wal Mart does not have good benefits. In fact, for their size, they are one of the worst employers around for benefits.
Are you comparing it to Microsoft or a Ma & Pa shop?
I said for their size, which would indicate that I was comparing it to other national retailers. But Wal-Mart is not the godsend that people think it is.

http://www.wakeupwalmart.com/facts/

Actually you are wrong. Completely. Like I said one of my closest friends works for them and he has great benefits. I asked him about all the press comotion about it and he showed me at his kitchen table what they offer. They have 5 different packages to choose from with 3 of them offering an HSA. He pays $200 a month for the family package and it covers everything even dental. He has a $15 co-pay (which is common) and Blue Cross/Shield covers the rest. Not bad seeing how I pay almost double that for me and my family and I work for a fucking insurance company.

Malloy must go

2008-11-25 13:15:09

cpt.fass1: The Cap'n Can Make it Hap'n; +329|7000|NJ

Wall mart competes against wall mart then usually ends up putting one of there store's out of business.. There's a documentary about how horrible the benefits really are.. It's not so much the Benefits package that they offer it's just what it does to communities and essentially drags all the money out of the communities and leaves them with min wage jobs and employment.

An other huge Violator of the wall mart program is Indian Owned Gas Stations, just on a smaller scale.. Indians come over from India and buy out a gas station owner, live as cheaply as they can for 6 months to a year while shipping all profits back to there country. Then after they're initial work visa runs out they sell the Gas Station to an other Indian and move back to live comfortable for years..

If you compare this to wall mart what you're getting is people/companies who aren't looking to improve a community and are just looking for a quick buck and doesn't care about the people/welfare of that community..

But back on the bailout, I saw right now with all the money lent out to these banks I think the banks should float us right now and we should do away with Income tax so it benefits the smaller companies..

2008-11-25 13:34:12

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

deeznutz1245 wrote:
Agent_Dung_Bomb wrote:
Pug wrote:

Are you comparing it to Microsoft or a Ma & Pa shop?
I said for their size, which would indicate that I was comparing it to other national retailers. But Wal-Mart is not the godsend that people think it is.

http://www.wakeupwalmart.com/facts/
Actually you are wrong. Completely. Like I said one of my closest friends works for them and he has great benefits. I asked him about all the press comotion about it and he showed me at his kitchen table what they offer. They have 5 different packages to choose from with 3 of them offering an HSA. He pays $200 a month for the family package and it covers everything even dental. He has a $15 co-pay (which is common) and Blue Cross/Shield covers the rest. Not bad seeing how I pay almost double that for me and my family and I work for a fucking insurance company.

Sorry, but you're wrong. Your one friend in management doesn't mean squat. The numbers in those links are backed by data, not hearsay.

2008-11-25 13:53:20

Pug: UR father's brother's nephew's former roommate; +652|6846|Texas - Bigger than France

But I thought we were comparing Walmart to Ma & Pa? I mean, isn't Walmart competing for Ma & Pa employees instead of mechanical or software engineers?

2008-11-25 13:56:33

Pug: UR father's brother's nephew's former roommate; +652|6846|Texas - Bigger than France

http://www.wakeupwalmart.com/facts/

^^^^ You realize this is a union sponsored website and Walmart is non-union. Do you have a less biased source?

ps. remember I'm just asking questions...I just don't get why people hate Walmart...

2008-11-25 14:31:43

Agent_Dung_Bomb: Member; +302|7040|Salt Lake City

Pug wrote:
http://www.wakeupwalmart.com/facts/

^^^^ You realize this is a union sponsored website and Walmart is non-union. Do you have a less biased source?

ps. remember I'm just asking questions...I just don't get why people hate Walmart...

Such as it may be, you'll notice they have simply compiled information from numerous sources. They themselves have not made the claims listed.

2008-11-25 14:48:55

Turquoise: O Canada; +1,596|6709|North Carolina

Pug wrote:
http://www.wakeupwalmart.com/facts/

^^^^ You realize this is a union sponsored website and Walmart is non-union. Do you have a less biased source?

ps. remember I'm just asking questions...I just don't get why people hate Walmart...

Watch this movie: http://www.imdb.com/title/tt0473107/

It details how bad Walmart benefits are for the average worker. Maybe mid-to-upper management has it better, but most of the people you actually meet at the stores don't get shit for benefits.

Benefits tend to be so bad that most of these people are receiving assisted benefits from the government (aka - welfare).

But it's not just a partisan issue. Both parties are connected to Walmart. The Clintons actually hold a big stake in Walmart.

What this comes down to is labor rights vs. government benefits. Corporations generally vote against more government benefits while many of them (like Walmart) put their lower level workers in a position where they have to opt for them.

This is the central hypocrisy of our system when it comes to business policies.

To make matters worse, companies like Walmart also have the nerve to demand massive tax breaks when they move into smaller towns, and because of their leverage, they usually get them. So companies like Walmart are able to employ people dependent on these tax-funded benefits without actually having to pay for the benefits even through taxation.

Quite simply, corporations have it good in this country as do the rich, but they want it even better -- with things like bailouts.

We might be the land of the free, but we've been bought and sold...

2008-11-25 15:58:14

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

Agent_Dung_Bomb wrote:
deeznutz1245 wrote:
Agent_Dung_Bomb wrote:

I said for their size, which would indicate that I was comparing it to other national retailers. But Wal-Mart is not the godsend that people think it is.

http://www.wakeupwalmart.com/facts/
Actually you are wrong. Completely. Like I said one of my closest friends works for them and he has great benefits. I asked him about all the press comotion about it and he showed me at his kitchen table what they offer. They have 5 different packages to choose from with 3 of them offering an HSA. He pays $200 a month for the family package and it covers everything even dental. He has a $15 co-pay (which is common) and Blue Cross/Shield covers the rest. Not bad seeing how I pay almost double that for me and my family and I work for a fucking insurance company.
Sorry, but you're wrong. Your one friend in management doesn't mean squat. The numbers in those links are backed by data, not hearsay.

It's not hearsay. He works at the store level and receives the SAME benefits options everyone else gets. I looked at it with my own two eyes. People that live paycheck to paycheck who don't want to spend anything on healthcare are the ones who elect to choose their own shitty health plan. These are the same folks who are in their mid 40's still living in apartments that find it acceptable to drive $40,000 cars but not strive for any education to make themselves marketable. They are content with the 10 or so bucks an hour they make to support their material needs but not to have collateral or any savings.

And there was another comment made about how some of these employees are on welfare. psst. Bollucks. Are you trying to tell me you don't know anyone that milks the system that has a good job? Bad comparrison, I mean jesus christ Obama is about to get Government housing for at least 4 years and he makes $200,000 a year.

Malloy must go

2008-11-25 16:01:21

usmarine: Banned; +2,785|7066

i love wal-mart

2008-11-25 16:10:20

deeznutz1245: Connecticut: our chimps are stealin yo' faces.; +483|6797|Connecticut

usmarine wrote:
i love wal-mart

No you don't. I don't care for them either way but I love how people jump on the bandwagon.

Malloy must go

2008-11-25 17:49:58

usmarine: Banned; +2,785|7066

deeznutz1245 wrote:
usmarine wrote:
i love wal-mart
No you don't. I don't care for them either way but I love how people jump on the bandwagon.

actually, i do. i go there a lot.

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deeznutz1245 wrote:

SealXo wrote:

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Spearhead wrote:

Spearhead wrote:

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Agent_Dung_Bomb wrote:

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Agent_Dung_Bomb wrote:

Agent_Dung_Bomb wrote:

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Agent_Dung_Bomb wrote:

deeznutz1245 wrote:

Agent_Dung_Bomb wrote:

Pug wrote:

Pug wrote:

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