Now that We own Wall Street

No offense, Pauli, but you are an asshole. Liberals aren't socialists. And George W. Bush is the worst president we've ever had.

They need to say "liberals" are socialist because in that way, it validates their hatred... gives them the teeth they need to evoke the old soviet union days of the cold war.

I have to agree with you about Bush. I'd have said Carter was tied until a couple of weeks ago. The economic melt-down of the country, and the most significant act of "socialism" in our history, gives the edge to Bush.
 
Liberals, many of them at least, are quite smart enough to know that federalism can ALSO lead to totalitarianists like Bush and company obviously are.

Maybe that's why we liberals voted against this guy by the tens of millions, eh?

Apparently the people who voted against this clown understood that sorry fact about federalism long before youre average concservative got it.

When it comes to people like Bush they'll say whatever it takes to get into office but what they'll do have damned all to do with their rhetoric.

Your man bush isn't a socialist, or a capitlist or libertarian, either...he's just a totalitarianist who will do whatever it takes and say whatever it takes to stay rich and on top of the heap.

I doubt there are fifty people in all of Congress who haven't sold out the nation to stay in office.

Both parties recruit the same kind of people into leadership positions.

Go long to get along tools.

My man Bush? The last time I liked that guy was when he was standing on the WTC rubble with the firefighters bullhorning America about how we were going to "get all of em".

Haven't liked him since.
 
Your confused my friend. We don't own wall street. we just own all the bad investments on wall street. They get to keep the good ones.

What a great deal for us.

Dude, you just hit this nail on the head... Friends of King Georgie will get to keep the paper that may turn a profit and the tax payers are going to get the shit that will need to be managed until it is sold at a loss.

How the heck do we revolt against this? We can't exactly storm the castle with pitch forks... Man, I miss the old days!

-Joe
 
Now that we, the american taxpayer, owns Wallstreet, I assume we have the right mandate how these companies operate.

Here's the changes I would make to our companies:

Change the executive pay structure: Fire all the CEO's and top management. We don't need to pay some hack who ran her/his company into the ground a multimillion dollar salary and a multimillion dollar pension.
Because, that's what

A corporation is made up of a ceo, many vp's and the white colar management above them. I put it together a few years ago that all of their pay added up is probably more than the labor. And the money they saved by cutting jobs, they gave to themselves.

My brother works in hr and he's high up. The ceo is all about his salary, and he gets what he wants, because the board of directors approves it. They are all ceo's of other companies. The vp then jockies for an obscene bonus, they get it, and not because they all deserve it. Some came in with a guarantee year salary if it doesn't work out. At every level executives are acting pretty much like union workers.

The motto is feed the generals first.

They say they get paid so well because they were brought in knowing the ship was sinkin and you cans get someone better for less.

I say bullshit. There are plenty of smart 40 yr olds ready to take over these corporations.
 
A corporation is made up of a ceo, many vp's and the white colar management above them. I put it together a few years ago that all of their pay added up is probably more than the labor. And the money they saved by cutting jobs, they gave to themselves.

My brother works in hr and he's high up. The ceo is all about his salary, and he gets what he wants, because the board of directors approves it. They are all ceo's of other companies. The vp then jockies for an obscene bonus, they get it, and not because they all deserve it. Some came in with a guarantee year salary if it doesn't work out. At every level executives are acting pretty much like union workers.

The motto is feed the generals first.

They say they get paid so well because they were brought in knowing the ship was sinkin and you cans get someone better for less.

I say bullshit. There are plenty of smart 40 yr olds ready to take over these corporations.

I will pretty much agree on this.
 
Now that we, the american taxpayer, owns Wallstreet, I assume we have the right mandate how these companies operate.

Here's the changes I would make to our companies:

Change the executive pay structure: Fire all the CEO's and top management. We don't need to pay some hack who ran her/his company into the ground a multimillion dollar salary and a multimillion dollar pension.

Since these companies are nationalized, we could turn the company managment into a civil service position, and pay our CEO the same salary that a US Senator or the Secretary of the Treasury makes. Hell, Obama, McCain Henry Paulson, and Ben Bernacke work for peanuts - what, 162 grand per year? Why the fuck would we want to pay some asshole wall street tycoon 20 million a year just to run the company into the ground, like they just did?

I just spent five minutes on this, and I just cut hundreds of millions of dollars in operating expenses, for our new nationalized companies.

We could mandate that our new companies operate in a socially responsible and ethical way. We could mandate that gay employees are entitled to shared health benefits and tax benefits with their partners. Women employees would have free, company-sponsored day care and paid maternity leave. Why not? Hell, I just saved hundreds of millions of dollars by firing the CEO, and replacing them with people like Paulson and Bernacke who have demonstrated they're willing to work for civil servant salaries.

I'm sure there are more things we could mandate our new companies to do. But, I have this horrible, sneaking suspicion that BushCo. is just going to give them a Trillion taxpayer dollars, no strings attached.

Because, that's what republicans do.

A good CEO is a talent even more rare than a 1500 yard per year running back or 130 passing efficiency QB. The problem we have had in American business the past 30 years or so, is that business has made very little distinction between the compensation of good CEO's and bad ones. Thus a loss in faith by the common worker and citizen.

I have no problem with the chairman of Exxon making $400,000,000 when Exxon is making 10's of BILLIONS of dollars in profit. He's earned it. But when a CEO of a company like an airline or now an investment bank loses BILLIONS that they STILL get $10,000,000+ bonus' and stock options???? they instead to make them PAY BACK millions of dollars for gross ineptitude!
 

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