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#1601359 - 11/20/08 10:08 AM
Re: Financial Meltdown - $$$ as DEBT
[Re: lawdog]
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Sr FishingMN Family
Registered: 01/16/08
Posts: 408
Loc: 55082 - MN
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I wasn't suggesting a wage cap, more suggesting that the egregious executive compensation was stealing from the investors.
_________________________
Drink more fishwater there
Than any whale's mama ever seen
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#1601445 - 11/20/08 10:46 AM
Re: Financial Meltdown - $$$ as DEBT
[Re: lawdog]
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HotSpotOutdoors Specialist
Registered: 10/17/01
Posts: 2251
Loc: Savage
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This is the kind of "unamerican" ideas that Michelle Bachman got abused for mentioning when frankly she was right. Michelle is now claiming she never said that, that it's all an "urban legend". Thanks 6th district for reelecting someone who seems not to realize that we have a thing called video, which can viewed anytime, all the time. WOW! This lady cracks me up. A month after calling for an investigation of fellow members of Congress to "find out if they are pro-America or anti-America," Rep. Michele Bachmann, R-Minn., is now claiming that the whole episode was "an urban legend."
Asked about the comment Tuesday night on Fox's "Hannity & Colmes," Bachmann said, "That's not what I said at all."
"You've said you were concerned during the campaign that Obama had anti-American views. You said the news media should do a penetrating expose and take a look at the views of the people in Congress and find out if they're pro- or anti-America," host Alan Colmes said.
"It's an urban legend that was created," she responded. "That isn't what I said at all."
As for the Big 3, evolve or become extinct.
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#1601485 - 11/20/08 11:08 AM
Re: Financial Meltdown - $$$ as DEBT
[Re: Duffman]
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Sr FishingMN Family
Registered: 06/11/07
Posts: 1093
Loc: Bloomington, MN
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I think it's too late for them already in the US. Better luck in China big 3.
Edited by Loos15 (11/20/08 11:08 AM)
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#1601507 - 11/20/08 11:23 AM
Re: Financial Meltdown - $$$ as DEBT
[Re: lawdog]
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Sr IceLeaders Family
Registered: 09/29/07
Posts: 1592
Loc: North of Duluth
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I don't believe we should start legislating communist ideas like wage caps onto these companies. I also STRONGLY oppose the even more communistic idea of Barney Frank that the Govt should own parts of these companies. This is the kind of "unamerican" ideas that Michelle Bachman got abused for mentioning when frankly she was right. We are not a communist nation and we sure shouldn't go down that path or that quote I put up from Nikita Kruschev a couple pages back will continue to prove true.
Are these CEO's overpaid? Absolutely. Should they be fired for letting their companies about go broke? Absolutely. Should the Govt do this? Absolutely not. Should GM, Ford or Chrysler be limited in what they can pay a top notch CEO who will actually fix their company? Absolutely not. Should the autoworkers union bosses share in the blame since their contracts render these automakers unable to compete? Absolutely. These automanufacturers can fix themselves if they have the seeds to do it. Re-negotiate these boondoggle contracts and force them to allow the companies to succeed! more bailouts are coming. watch. how do you tell one industry no bailouts when you hand them out freely to others?
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castles made of sand, fall in the sea.....eventually(Hendrix)
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#1601604 - 11/20/08 12:16 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: tacklejunkie]
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Sr HotSpotOutdoors Family
Registered: 01/16/06
Posts: 7928
Loc: St. Paul, MN
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I agree TJ. You can't be asking for handouts though if you are flying around in a private jet. "Oh, it's only 20k to fly to DC". Yea, but it's only $800 to fly first freaking class!! We need to start letting them all fall on their faces. I'm over bailing them out and not getting anywhere.
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"Making the decision to have a child is momentous. It is to decide forever to have your heart go walking around outside your body." ~Elizabeth Stone
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#1601612 - 11/20/08 12:22 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: Sandmannd]
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Sr FishingMN Family
Registered: 01/15/01
Posts: 981
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Does anyone for a minute believe the big 3 will go out of business and there will be no more cars made here? Maybe we will be buying Dolet's or Chords, or Fodges, but they will evolve somehow. Heck, mebbe Polaris/Arctic Cat would get into the car/truck market. It really isnt that big of a step from a Ranger to a...well Ranger.
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#1601614 - 11/20/08 12:24 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: Sandmannd]
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Sr FishingMN Family
Registered: 01/16/08
Posts: 408
Loc: 55082 - MN
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The tough thing about the auto industry is that even if we let them fail, the taxpayers will be on the hook for the legacy costs of the automakers. We are damned if we do, damned if we don't. The contracts need to be broken, the execs need to get a good stiff kick in the rear and jobs need to be created and maintained. Bad situation all around.
_________________________
Drink more fishwater there
Than any whale's mama ever seen
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#1601626 - 11/20/08 12:30 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: fishwater]
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Sr FishingMN Family
Registered: 01/08/01
Posts: 1056
Loc: Rock Crick
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U.S. Senators including Michigan Democrat Carl Levin, Missouri Republican Christopher Bond and Ohio Republican George Voinovich plan a news conference at 2:30 p.m. EST, to announce their agreement on bipartisan auto aid, a Senate Democratic aide said on Thursday. Here we go with another sellout. 
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#1601700 - 11/20/08 01:20 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: lawdog]
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HotSpotOutdoors Specialist
Registered: 03/21/02
Posts: 6212
Loc: Chisholm, MN USA
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Are these CEO's overpaid? Absolutely. Should they be fired for letting their companies about go broke? Absolutely. Should the Govt do this? Absolutely not. Should GM, Ford or Chrysler be limited in what they can pay a top notch CEO who will actually fix their company? Absolutely not. Should the autoworkers union bosses share in the blame since their contracts render these automakers unable to compete? Absolutely. These automanufacturers can fix themselves if they have the seeds to do it. Re-negotiate these boondoggle contracts and force them to allow the companies to succeed! If they are coming to us the tax payer looking for $$ I see absolutely nothing wrong with attaching some criteria to the $$ that they need to comply with before they get the money. Should there be a law as to how much the get paid He-- no! But they are coming to us looking for help, there can be a few conditions.
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#1601917 - 11/20/08 03:46 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: Uncle Bill]
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HotSpotOutdoors Pro Staff
Registered: 12/02/01
Posts: 5796
Loc: Hutchinson, MN
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U.S. Senators including Michigan Democrat Carl Levin, Missouri Republican Christopher Bond and Ohio Republican George Voinovich plan a news conference at 2:30 p.m. EST, to announce their agreement on bipartisan auto aid, a Senate Democratic aide said on Thursday. Here we go with another sellout. Bzzzzzzt. Nope. Another bait and switch. Just a delay tactic so they can go on their two week vacation over the holiday while the economic system crumbles.
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#1602069 - 11/20/08 04:59 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: LMITOUT]
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IceLeaders Family
Registered: 09/05/05
Posts: 202
Loc: Big Lake, MN
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Heard today that GM has opened a new plant near St. Petersburg, Russia. That's where our tax $$ will be headed, cheper taxes and labor in Russia than the Unions.
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How do you [PoorWordUsage] off a Liberal? Work hard and enjoy life!!!
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#1602201 - 11/20/08 06:31 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: c&amagn]
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HotSpotOutdoors Family
Registered: 02/16/08
Posts: 85
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As soon as we(our legislators) signed these "free" trade agreements in the interest of many greedy businesses, we opened up the door to socialism. Alot of the foreign companies that have ran american companies out of business had the backing of their home countries government through subsidies.We cannot compete with that.
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#1602922 - 11/21/08 09:49 AM
Re: Financial Meltdown - $$$ as DEBT
[Re: fishorgolf]
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Sr FishingMN Family
Registered: 06/10/06
Posts: 822
Loc: Great White North
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at what compensation level do you consider to much money? I would suggest that any compensation over 10x the amount that managers who directly interact with the highest paid workers are compensated at is being paid too much. Not anything to be set in stone, but anything over that is probably stealing from the shareholders. Thanks fishwater but I was asking Moby.  Do the Math, Teacher... If you can't understand that $8.5 Million is too much then you won't under stand that the $37 Million that Paulson made in 2005 is too much, and the 200 Million that some have made on bonuses or stock options is too much, or that compensation of 4 times or 18 times or 100 times what at a person making $50,000 per year for 40 years would make is too much.... These Greedy Hogs make more in One Year, than Most would make if they were Cats, with 9 to 100 working lives...and they don't even keep their Companies Profitable...so now We are going to pay them... No One, not even You, is worth that much more than Another...  So I will let you decide what is fair Your Compensation, My Compensation, or the Compensation of a Teacher with a Masters and 30 Years Experience is paid...or would that be all one and the same.... 
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"If you don't know whose it is... then you know it isn't yours."
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#1603767 - 11/21/08 05:24 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: MOBY RICHARD]
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Sr FishingMN Family
Registered: 12/03/03
Posts: 713
Loc: Elk River
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The market reacted favorably to Obama's stated appointment of NY Federal Reserve President Timothy Geithner.
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#1603822 - 11/21/08 06:04 PM
Re: Financial Meltdown - $$$ as DEBT
[Re: gulllakeguy]
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Sr FishingMN Family
Registered: 12/28/06
Posts: 390
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As soon as we(our legislators) signed these "free" trade agreements in the interest of many greedy businesses, we opened up the door to socialism. Alot of the foreign companies that have ran american companies out of business had the backing of their home countries government through subsidies.We cannot compete with that. Care to explain how free trade leads to socialism?
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