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Old 07-31-2012, 03:57 AM   #151
tony286
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Because back then your grandfather remembered what it was like living in/through the depression. Remember, when WWII broke out 30% of the recruits who tried to join the military were declined due to malnutrition symptoms/issues. In short, every dime spent was almost always on the bare necessities or applied to generating more income, ie., investment.

Second, when you employed someone (back then) you weren't nailed with high medical/dental, employment tax, sick days/vacation, demanded production profit sharing etc costs. So now that $10 an hr job is actually an $18 an hour job for the employer so an employee can use their vital skills to point to a product in a aisle or ask what CC are you going to use to pay your cable bill.



I don't think that's by choice? 60% of Americans live in rural areas and why Wall-Mart is so popular. They simply drove out their competition and usually the only game in town. I actually don't like shopping there because I want to support my local businesses, but for ammo and fishing product prices? - hard to beat man.
Actually the 50's on you had vacations, time off and benefits were coming in. I remember in the sixties my dad had all of that and since he worked for a bank ,he got low low interest mortgages. No the big difference was a CEO was happy making 50x the avg worker not 500x.
My Dad told me about the recession in the 70's not one person was laid off, salaries were frozen but no one was getting fired. It was considered a loss of face for a CEO to lay people off. They would have anniversary pins and you had people there up to 50 yrs. Back then they were people not human capital.
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Old 07-31-2012, 04:05 AM   #152
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No the big difference was a CEO was happy making 50x the avg worker not 500x.
Agreed. That shit is whack.
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Old 07-31-2012, 06:22 AM   #153
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If you dismantled the welfare state completely, including social security, medicare, medicaid, food stamps, etc. -- all of it -- this would be a self-correcting problem within weeks.

You want more government? This is more government. And it's going to keep getting worse.
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Old 07-31-2012, 07:03 AM   #154
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My Dad told me about the recession in the 70's not one person was laid off, salaries were frozen but no one was getting fired. It was considered a loss of face for a CEO to lay people off. They would have anniversary pins and you had people there up to 50 yrs. Back then they were people not human capital.
The recession in the 1970s wasn't nearly as bad as what we just went through.
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Old 07-31-2012, 07:10 AM   #155
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That shit is whack.
Damn Scooter, did you type that while riding your skateboard? lol

.
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Old 07-31-2012, 07:18 AM   #156
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The recession in the 1970s wasn't nearly as bad as what we just went through.
Of course not.But it didnt help the mass laying off of people. Our economy is based on spending. Germany took less of a hit because of the action they took instead of having a layoff blood bath.

http://www.economist.com/blogs/freee...ry_comparisons
"Germany proceeded to protect its labour market from major disruption by the great recession, through the use of its "short work" labour sharing programme. Firms were encouraged to cut hours rather than jobs, and workers facing reduced work hours were provided an income subsidy. The result? Germany's huge output fall produced only a labour market wiggle."
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Old 07-31-2012, 07:20 AM   #157
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Of course not.But it didnt help the mass laying off of people. Our economy is based on spending. Germany took less of a hit because of the action they took instead of having a layoff blood bath.
Instead of investing in war, and corporate bail outs, what are your thoughts on doing a 2012 versus of "The New Deal" with massive government spending on public works projects? By that I mean, repairing and upgrading this country's infrastructure that is crumbling? Not pork barrel bullshit.

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Old 07-31-2012, 08:55 AM   #158
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Instead of investing in war, and corporate bail outs, what are your thoughts on doing a 2012 versus of "The New Deal" with massive government spending on public works projects? By that I mean, repairing and upgrading this country's infrastructure that is crumbling? Not pork barrel bullshit.

Exactly, the costs of war is WAY more than any of this other stuff
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Old 07-31-2012, 08:57 AM   #159
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If you dismantled the welfare state completely, including social security, medicare, medicaid, food stamps, etc. -- all of it -- this would be a self-correcting problem within weeks.

You want more government? This is more government. And it's going to keep getting worse.
I think you should take this idea to the poorer areas of your city.

It's about as stupid a theory I've heard here for a while.

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Originally Posted by Barefootsies
Instead of investing in war, and corporate bail outs, what are your thoughts on doing a 2012 versus of "The New Deal" with massive government spending on public works projects? By that I mean, repairing and upgrading this country's infrastructure that is crumbling? Not pork barrel bullshit.
Let's look at the alternatives.

Private enterprise are in the business of reducing costs, the workforce is a major cost. Reduce it and you have more for the shareholders.

The notion that tax cuts will produce a turn around is dead in the water. It's just those who are taxed want more and fuck anyone else who suffers. The extra spending will result in extra imports. Most businesses will not employ more, they will gear up and produce more with the same work force. Unless they absolutely have to. See above for why.

Public spending is always an employer who takes on more people than it needs. Just the nature of the beast. It won't open factories in China or any 3rd World Country like private enterprise does. It has to buy goods made in the US where possible. A 21st century version of The New Deal, will provide for the country so much. The Hoover Dam provides for LA and Vegas. Solar panels in the deserts and South America could provide all the day time electricity for the US. Stumbling block is the Private enterprise owned electricity companies.

And I'm sure there are other schemes that could be started by the Government to get economies moving again. One is Bank Loans. The Banks were bailed out after the crash with a huge amount of tax payers money on the understanding that the money would be fed into the economy via loans. Only a small part of it was. Same is happening in the UK. I believe banks are part of private enterprise.

I never thought I would think like this, it's just the last 10 or so years that I've seen the big businesses lose all morals and ethics to line their own pockets that I've changed. And I am in no way calling for Communism, just to do what is needed when required.
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