Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (260150)	5/31/2002 7:39:59 PM
From: CYBERKEN	Read Replies (2) \| Respond to of 769670

The aberrational Clinton era led to all the disasters and corruption you just listed and more. (The Catholic Church scandal, BTW, is a product of the tolerance of homosexuality. They should have fought it. When they didn't, who else could?) A significant and influential segment of this nation's leadership completely abandon all pretence of moral standards to justify keeping the pervert, rapist, traitor, coward, perjurer in power for no other reason than that they didn't want to admit that they were wrong, wrong, wrong. A public dumbed down by the OJ trial, Springer and Carville followed them like sheep. Bush is now cleaning it all up. Some of the damage will take a generation to fade. Those of you who wallowed in the shit of that era will always hate him for taking away your swill-filled punchbowl. "The miraculous feature of democracy is that the people will always get exactly the government they deserve." - Bismarck

To: Arthur Radley who wrote (260150)	5/31/2002 7:44:02 PM
From: Raymond Duray	Respond to of 769670

TexasDude, The common thread on most of those bankruptcies, where upper management got away scot free is the wonderful accounting that made sure the foolish shareholder got left holding the empty bag: Message 17019591

To: Arthur Radley who wrote (260150)	5/31/2002 9:01:41 PM
From: Just_Observing	Read Replies (2) \| Respond to of 769670

Re: So the company can make more profits and share the wealth with the Executives and workers? Just look at one fact and you can see the entire picture with what's wrong with America today: In the 1960s, CEOs in America made 20 times what the average worker made. Around the year 2000, CEOs were making 540 times what average workers made. Now consider a CEO like Lou Gerstner of IBM. All he does with IBM profits during his tenure is buyback stock. He makes a cool half a billion and cashes out $200 million during the last two years alone. Turns out IBM was profiting enormously from its pension plans, selling divisions on the last day of the quarter and reporting it as an operating profit, and engaging in other financial tricks to make their numbers. The result is that after Lou left, IBM's stock price has lost about $70 billion and IBM is laying off workers every week. Same for GE which had about 14 quarters in which it beat estimates by a penny. The odds of that happening by chance were a billion to one. Jack Welch became a billionaire. GE is down some $200 billion in market cap in the last 12 months and off $300 billion from its high price of around $60 in Oct 2000. The truth is that the "Home of the Brave and the Land of the Free" has been sold to the moneyed interests. It is the land of the doped (40 million on antidepressants, 12 million alcoholics, 10 million on cocaine, 20 million on marijuana, millions on ecstasy, viagra - the list is endless) and the land of the duped (German workers work only 1500 hours per year compared to nearly 2000 for American workers). Does anyone get out of their drug-induced stupor and ask whom are they working so hard for?