- Thread starter
- #101
I understand completely what happened.
One of my biggest clients (Innkeepers USA) is held by Lehman Brothers.
I not only got no bailout, my last contract got re-negotiated down by 40% and all my subsequent contracts got pulled.
But thanks for demonstrating, once again, what a sanctimonious know-nothing little useful idiot you are.
I did google Innkeepers; it's no wonder you're bitter. I suppose the shrimp fisherman in the Gulf are bitter too. Those who labor (work the hardest) are usually the first to get screwed and the last to benefit.
Notice Wall Street is back, bonuses are being paid and stocks are climbing. Notice too there is no real effort at job production - private industry has no motivation, and the government has lost the propaganda battle by the Grover Norquest wing of the Republican Party.
The sad thing is, those who work the hardest and garner the fewest benefits still don't get it. We now live in a plutocracy and no amount of rhetoric can repair the damage down by the plutocrats. Unless and until the working men and women of this nation study the issues and vote, the rich will continue to prosper at the expense of the hoi polloi.
I see the err in your thinking this way...
I, too, lost out big time over the Lehman Borthers collapse. I had laid out tens of thosuands of dollars in 1099 salary to consultants not to mention w-2 employees on my paroll temping for them...and my return was to be about a positive 42% of layout...with it being closer to 35% positive return on the w-2 employees (after payrol taxes)....I lost it all and was at the bottom of the list to get something.
DO I blame Lehman Brothers? No. I blame no one. It is a cost of doing business. I opted to go into contract with them. No one forced me. I chose to do it and if all went well, I make money. If all goes south, I lose money.
Shrimp Fisherman? They chose to go into that field. Weather may affect them, oil spills, poor boat maintenance; laziness...a number of things....but it is their choice to go into the field knowing the negative AND positive ramifications.
Ever watch deadliest catch? They catch crab? They make money. They dont? They make nothing. Their choice to take the gamble.
Play the market? Some win, some lose. Play craps? Some win some lose.
Take an ARM? It is a gamble. Pay less now and maybe less later as well...or pay less now and a lot more later....who is to blame? No one. It is a gamble.
You want to control your destiny? It is best to accpet the downfalls as you reap the rewards.
And of course...none of this is on topic.
I lost 50 grand in my 401k..big whoop. I ain't complaining..my headache.
I also lost close to that several years ago when I, along with several other people, invested in a bar in Atlanta that was supposed to make a killing during the Olympics.
Big whoop. I take my lumps.
The thread is the attack on Civil Servants..who've made contracts with their employers. This is the very same rationale used by the right wing when they justify huge bonuses to failing financials executives that were saved by tax payer dollars. In addition to sucking in your money, Oddball's money and my money.