Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
D.R.I.V.E
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="bluehdmc" data-source="post: 1019828" data-attributes="member: 18471"><p>The administration DID NOT bail out the Unions. The administration bailed out GM, banks, brokerage houses, etc. The unions made CONCESSIONS, so their members kept their JOBS. It also wasn't just the workers in the GM plants. It's the people who work for "Joes Machine Shop" maybe 3 or 4 of them that make widgets for window mechanisms. They don't work in a large plant, just a little 2000sq ft building in Ohio, or Indiana, wherever. There are a lot of little places that make small parts for automakers. If GM went down they'd all go down. The banks took the bailout money and turned around and gave the same people who helped get the economy into this mess multi-million dollar bonuses!</p><p>They said they have to do that to retain "good" people. Must be nice, put your company into the red and get a bonus. </p><p></p><p>Not sure if it was "national" but around 1987, the stock market had a "correction" and real estate tumbled on the east and west coasts. Not to the extent of the past 3 or 4 yrs but markets were pretty stagnant. </p><p></p><p>As far as "balancing the budget", Washingtons claim of balancing the budget seems to be when they are spending as much as they are taking in. </p><p>The National Debt was created as a result of WW2, and was on pace to be paid off around 1992, then Ronald Reagan took office with "supply side" and "trickledown" economics. (Referred to by Bush senior as "voodoo" economics.) During Reagan's administration the budget went up by the largest percentage increase. (Google "historic national debt"). </p><p></p><p>There has been "some movement" in the direction of recovery. The stock market seems to have recovered to levels from 2006, UPS stock is actually a little higher than it was in 2006 and the dividend has increased. </p><p></p><p>For anyone interested in Time's list here's the web address. <a href="http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html" target="_blank">Angelo Mozilo - 25 People to Blame for the Financial Crisis - TIME</a></p></blockquote><p></p>
[QUOTE="bluehdmc, post: 1019828, member: 18471"] The administration DID NOT bail out the Unions. The administration bailed out GM, banks, brokerage houses, etc. The unions made CONCESSIONS, so their members kept their JOBS. It also wasn't just the workers in the GM plants. It's the people who work for "Joes Machine Shop" maybe 3 or 4 of them that make widgets for window mechanisms. They don't work in a large plant, just a little 2000sq ft building in Ohio, or Indiana, wherever. There are a lot of little places that make small parts for automakers. If GM went down they'd all go down. The banks took the bailout money and turned around and gave the same people who helped get the economy into this mess multi-million dollar bonuses! They said they have to do that to retain "good" people. Must be nice, put your company into the red and get a bonus. Not sure if it was "national" but around 1987, the stock market had a "correction" and real estate tumbled on the east and west coasts. Not to the extent of the past 3 or 4 yrs but markets were pretty stagnant. As far as "balancing the budget", Washingtons claim of balancing the budget seems to be when they are spending as much as they are taking in. The National Debt was created as a result of WW2, and was on pace to be paid off around 1992, then Ronald Reagan took office with "supply side" and "trickledown" economics. (Referred to by Bush senior as "voodoo" economics.) During Reagan's administration the budget went up by the largest percentage increase. (Google "historic national debt"). There has been "some movement" in the direction of recovery. The stock market seems to have recovered to levels from 2006, UPS stock is actually a little higher than it was in 2006 and the dividend has increased. For anyone interested in Time's list here's the web address. [url=http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html]Angelo Mozilo - 25 People to Blame for the Financial Crisis - TIME[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
D.R.I.V.E
Top