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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (206578)10/14/2004 7:49:28 PM
From: Road Walker  Read Replies (2) | Respond to of 1575036
 
re: What would you recommend? Turning back the information revolution? Going back to the time of the Industrial Revolution? Your remark is stupid.

Information revolution? That's not what's taking decent paying manufacturing jobs... it's child or sweat labor in 3rd world countries. We need to make stuff, not sell each other hamburgers. It's a subject that has nuance, labor cost coupled with shipping cost coupled with government subsidy coupled with human rights. I wouldn't expect you to understand.

re: Like what? There were job losses as a result of the Clinton Recession. A few (not many) people lost jobs. Some lost health insurance coverage with them. So, what's new? That's life. These people need to make arrangements to get back to work.

"That's life", you either are not looking at the numbers, or you don't care. Folks used to have pride working for a good company, and the company had slogans like "we are only as good as our prople". There was a mutual pride, a commercial "patriotism". It's dying man, and the American dream is dying with it.

re: No, he hasn't -- dividends have NEVER been subject to capital gain rates unless they were special "Capital Gain Distributions". Also, I might add that Congress creates and modifies tax law, NOT the administration. However, Bush's push to reduce taxation of dividends is one reason we haven't seen the job losses from Clinton's recession.

Sorry, I meant reducing the tax on dividends. But you know the result... profit payout, not expansion.

And your "Clinton recession" is a joke. Makes you look like a fool. Clinton's expansion was the most remarkable in our history. I don't give him a lot of credit for it, but you are acting the ultimate idiot for blaming him for Bush's fiscal idiocy.

re: Unemployment isn't a problem.

Typical, that's not what we were talking about.

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We were talking about the poor folks that are working their ass off and can't pay their bills. That's not America, at least that's not my America. Where people could work and get ahead.

Bush doesn't care, as long as the corporations can get their profits, and the folks that own the vast majority of stock can get their low tax dividends.

That chart really tells the story. The folks that own the companies are getting much richer under Bush, the folks that produce the profit are getting much poorer. The owners are sucking the profit dollars by taking them from the workers. That's the Bush economy, as he said, that's his base, the "have, and the have mores".

But in the long run it doesn't work. We rise and fall together, and the whole capitalist system is based on a measure of fairness. Without that faith, without that sense of fairness, our capitalist democracy is doomed. We have to move back to the center... hell, we have to move back to the left, just to overcome the abuses of the right.

Greed is not always good.

John