unions killing jobs...

[Riot]

Originally Posted by Cannon Shell

Who said the country is financially destroyed?

Nobody. We are swimming towards our best, most profitable decade in the past 100 years, with record GDP growth and a burgeoning middle class expansion. Construction, electronics, automobiles - flourishing!

Or, our middle class has been effectively destroyed for years, the majority of the wealth of this country is now in the hands of a few, businesses are holding 1.2 trillion out of the economy, our jobs are all overseas, Wall Street no longer makes money by growing strong corporations but by gambling on their success or failure at the expensive of investor funds, corporate CEOS have zero incentive to make their businesses successful for their investors as they still get million-dollar bonuses even if their company goes bankrupt, the days of steady 8-10% investment growth over years of time in 401K's is long gone, and the GOP wants even more tax breaks for their corporate masters, the poor suffering businessmen. Who would make jobs, lots, of jobs, tons fo jobs, if we would just cut their taxes even more, so they would feel ... "confident".

Oh, yeah, and can we disassemble all regulation - workplace safety, employee, EPA, etc. - to make it more convenience for them to do whatever the hell they want with no accountability? Great! Thanks.

[Cannon Shell]

Originally Posted by Riot

Nobody. We are swimming towards our best, most profitable decade in the past 100 years, with record GDP growth and a burgeoning middle class expansion. Construction, electronics, automobiles - flourishing!

Or, our middle class has been effectively destroyed for years, the majority of the wealth of this country is now in the hands of a few, businesses are holding 1.2 trillion out of the economy, our jobs are all overseas, Wall Street no longer makes money by growing strong corporations but by gambling on their success or failure at the expensive of investor funds, corporate CEOS have zero incentive to make their businesses successful for their investors as they still get million-dollar bonuses even if their company goes bankrupt, the days of steady 8-10% investment growth over years of time in 401K's is long gone, and the GOP wants even more tax breaks for their corporate masters, the poor suffering businessmen. Who would make jobs, lots, of jobs, tons fo jobs, if we would just cut their taxes even more, so they would feel ... "confident".

Oh, yeah, and can we disassemble all regulation - workplace safety, employee, EPA, etc. - to make it more convenience for them to do whatever the hell they want with no accountability? Great! Thanks.

Again who said the country is financially destroyed?

Funny thing is all those middle class people who started investing in wall street in the 90's weren't complaining when they were making money hand over fist and filling up their retirement accounts on bs internet companies when riding that bubble on many of the same failed investments that everyone complains about now. What about the hundreds of billions of dollars union pension funds have invested in wall street investments? No complaints when their investments in these same companies that they demonize are profitable?

[Riot]

What about the hundreds of billions of dollars union pension funds have invested in wall street investments? No complaints when their investments in these same companies that they demonize are profitable?

Nobody complains when you invest in a company and it is profitable, and most people can take a company not being profitable.

But that's not the way to make money on Wall Street for some time now. That's the point and why people are angry.

The way big money is made now is not purchasing stock in companies, but buying and selling packages of crap like mortgage derivatives. No longer is it buying and selling hard assets and business acumen.

You have Wall Street companies that sell stuff to their investors, then the company takes the short position. And it hasn't been the investors making money.

[Cannon Shell]

Originally Posted by Riot

Nobody complains when you invest in a company and it is profitable, and most people can take a company not being profitable.

But that's not the way to make money on Wall Street for some time now. That's the point and why people are angry.

The way big money is made now is not purchasing stock in companies, but buying and selling packages of crap like mortgage derivatives. No longer is it buying and selling hard assets and business acumen.

You have Wall Street companies that sell stuff to their investors, then the company takes the short position. And it hasn't been the investors making money.

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?

[Riot]

Originally Posted by Cannon Shell

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?

I think that a union investing member pension fund monies in the company that the members actually work for makes alot of sense, don't you agree? Seems the members have quite alot of incentive to make that company profitable.

I have some Berkshire Hathaway. Buffet just bailed out Bank of America. I don't agree, and I think Bank of America sucks, and should have been allowed to go bankrupt, but now that I own some of them, I hope they make obscene legal profits.

[Cannon Shell]

Originally Posted by Riot

I think that a union investing member pension fund monies in the company that the members actually work for makes alot of sense, don't you agree? Seems the members have quite alot of incentive to make that company profitable.

I have some Berkshire Hathaway. Buffet just bailed out Bank of America. I don't agree, and I think Bank of America sucks, and should have been allowed to go bankrupt, but now that I own some of them, I hope they make obscene legal profits.

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?