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Originally Posted by pan6467
If the economy is so strong now.... why is GM laying off 30,000 jobs. Why as Delphi claims bankruptcy and wants to lower wages 50% does upper management seek record bonuses and "incentives". Bonuses for what? Incentives for what?
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This should be obvious. The CEO's of these companies answer to the shareholders/board members, not the employees....at least not the employees first. If cutting costs, whether through layoffs or salary reductions, is going to increase the stock value then that is what they are supposed to do. Likewise, if laying off 30,000 people and reorganizing to become more competitive works, then thats what they should do.
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Originally Posted by pan6467
The very rich are making sure their golden parachutes are in place, because when this economy fries and it will they'll be like rats jumping ship faster than you can blink.
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no doubt, instead of freaking out and hoping that the wealthy will be there to take care of us when it falls, maybe we should start looking at ways to maintain ourselves if/when it should happen.
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Originally Posted by pan6467
The problem is 2 fold, we're losing our manufacturing base and small businesses, along with decent waged jobs..... and we're facing having to fix the system pay the deficit and our personal debts with less while the demand for more money is ever increasing.
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there are several easy answers to these two problems.
1) we can make it cheaper to make things here OR we can support the small business'/mom&pop shops. ask yourself, do you shop at places like walmart/target/sams/costco/walgreens/cvs/kmart or any of the other multinational conglomerates?
2) stay out of personal debt. don't go out and buy that new 25,000 dollar car or the $350,000 house. don't use credit cards. don't patronize businesses that require you to have one.
It's your pocketbook/wallet that controls the economy, not the government. at least not yet, but if you continue to demand that the government take charge of the economy, they soon will.