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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (409192)	2/7/2011 2:50:46 PM
From: J.B.C.	Read Replies (1) \| Respond to of 793917

If Corporate Profits are to be shared with the American worker, then ALL the costs of running the business should be shared as well, including the costs of all union and non union employees and their benefits. They should also share the business cost for losses as well. Enron comes to mind. WorldCom, Fannie, Freddy....wow, that could end the business cycle, isn't that what Bill Clinton declared once?

To: KLP who wrote (409192)	2/7/2011 3:04:22 PM
From: Katelew	1 Recommendation Read Replies (1) \| Respond to of 793917

KLP, I worked for two Fortune 500 corporations through three economic cycles. Trust me when I say that workers share in the downturns and are impacted when the company's profits wane. In fact, in my experience, each time the good times returned and the company's were back in high clover, the employees never quite returned to their former status. In other words, they experienced a a slight slippage. It was more pronounced for those of us who worked on straight commission, as the commission formulas were tweaked everytime a downturn in company profits occurred....but not restored when the even bigger profits came back. This was the reality at plenty of American corporations throughout the eighties thru the present. A long slow squeeze. Now this doesn't mean I agree with Obama's irritating pronouncement. I also agree with you that Obama does not understand basic economic and financial market principles. I do, however, understand his sentiments.