Greed, ignorance, hysteria and chaos

Discussion in 'Politics' started by MaggieMae, Aug 21, 2010.

  1. MaggieMae
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    MaggieMae Reality bits

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    The death of global leadership?

    GREED:

    Companies won't hire until the economy recovers. And the economy won't recover until businesses start hiring. Companies argue they face uncertainties and government shouldn't add to them. If there's so much uncertainty, why did corporate profits hit an all-time high of $1.37 trillion in the first quarter?

    What do the 20 million people without jobs do in the meantime, as companies sit on their piles of cash?

    IGNORANCE:

    There really are no simple black or white solutions (metaphorically) that can immediately remedy the vast ideological differences between the left and the right over a myriad of problem issues, so pretending there will be some grand solutions if one party or the other is in control is irrational at best and downright stupid at worst.

    HYSTERIA:

    Just because everything isn't going YOUR way, throwing hissy fits, going on malevolent vendettas, gathering weapons and whipping up frenzies which results in mob mentality only postpones real solutions.

    CHAOS:

    Time doesn't stand still. The same problems become the same problems only bigger while political battles rage on, day after day, which does nothing but create gridlock amid the chaos.


    In my opinion. As all the shouting makes its way into 24/7 news cycles, other countries see what's going on through the same venues, and the image of the United States as a strong and compromising democracy, always able to overcome internal divergences (and looked upon to take the lead for the rest of the world to emulate) ultimately will be reversed and we will be seen as weak and vulnerable to those who would love to take our place at the top.
     
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  2. american chaos
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    american chaos Member

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    You've Called?
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Here's what Maggie doesn't grok:

    Mega Public Corporations are often Big Government Cronies. The reporting of their profits reflects the strength of DC-Wall St-Board Room Cronyism - not the health of Main Street.

    Small businesses create over half of the jobs in the economy. These are the ones that are hurting due to massive government intrusion and tax hikes. They aren't hiring. Unemployment reflects this.

    More of the same Big Government Cronyism will make things worse.
     
  4. MaggieMae
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    MaggieMae Reality bits

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    I "grok" :lol: the fact that small businesses need operating capital by way of loans and/or letters of credit, which Big Banks and investment houses are not willing to part with. Sure, they'll give out a high interest credit CARD, but not a low-interest business loan. I "grok" the fact that GREED continues.

    Banks happy to hand credit cards but not loans to small biz - Jul. 14, 2010
    Lending to small businesses contracted by $40 billion for the first quarter of 2010 as compared to 2008. Only a third to half of small businesses were able to secure a loan or line of credit in 2009. And Small Business Administration lending all but disappeared in June, thanks to the end of a popular stimulus program. Because of the dry-up, Bernanke said small businesses "have had difficulty obtaining the credit that they need to expand and, in some cases, even to continue operating."

    But while banks have closed the window for small business loans, they've happily opened the back door to any business that wants that money in the form of a credit card loan.
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Nyah.

    You don't grok. You couldn't grok if your life depended on it.
     
  6. MaggieMae
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    MaggieMae Reality bits

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    What makes you think I'd want to sound like you? Do you do other frog sounds? :lol:
     
  7. Care4all
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    Care4all Warrior Princess Supporting Member

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    pretty sad that the big bailed out banks won't help the small businesses with small, low interest loans to grow their businesses....I thought the WHOLE reason for the big banks to get a bail out was to KEEP our small businesses with an easy credit line/loan line???
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The real issue is that small business don't want to borrow money right now. Why take on more debt when there aren't enough customers to justify the investment?
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Thus proving my point. You don't grok Grok.
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    ya think that's what it is? You don't think that high interest loans via credit cards verses a low interest loan for business, is holding some of these small businesses back?
     

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