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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 2 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

More than half of all members of congress are millionaires.One was worth over 300 million.

triffid

One reader (of the article above)posted the following comment:    All of the largest companies that are listed in this article, do a tremendous amount of offshoring and outsourcing. At GE, I know some of the folks in India that work for them on contract, they have cut so many Americans from their position and acquired so many India employees, that even the folks in India have complained to me that there are so many of them, and so few Americans, that it can be difficult to obtain clear direction from onshore in the USA or from the few Americans working there in India. Up to 80% of GE's labor is now offshored and outsourced, only about 20% of the American job positions that used to exist still remain - and they would love to get rid of those too if they could do it. That's called an "80/20" policy. 100% of that decision is about money, and the company loves to blow their little trumpet about all the wonderful cost savings - the executives brag about it routinely, and it is frequently on display on power point presentations and other blow-your-own-horn opportunities.
    .
    Your congressmen, and senators, oh yeah, you better believe they are in love with this, they support it fully. They are not interested in doing anything about it? Good grief, they're trying to help these thing occur, they are IN LOVE with this.


triffid

Another readers postis :How can people with this kind of wealth have any clue about what the people they are supposed to represent need and want? With our current structure of no term limits and pretty much unlimited spending to get elected and then reelected the pool of potential senators and representatives shrinks with every election cycle. To enter the political arena you must have a great deal of personal wealth and then become beholden to special interest groups to pay for television ads, mailings, rallys and all the other dog and pony show events that have become part of our political process. The irony of the whole mess is that the only people who can change the system are the same senators and congressman who are currently manipulating it to help the special interest groups that pull their strings. I'm embarrassed to say that I got snookered into believing that Mr. Obama was really going to try and change Washington. Now that the Republicans have regained some power back they will take the opportunity to deliver some pay back. The congress reminds me more of a schoolyard with kids squabbling about a kick ball game that responsible representatives making decisions about the future of our country.

triffid

Another reader has a very negative view of the article that was written and in the interest of seeing both sides here is what he posted:Cynicism sells, and these posts show it. There isn't a lot of context in this article. I'd like to know the ones who have investments in companies that have business before Congress, and if they recuse themselves, and if not, why not? The multi-millionaires were multi-millionaires when they got there, and that's a problem, but this article makes it look like they came poor and got rich. There are only 537 elected federal officials, and the 300 million of us citizens who don't trust them; they are about the last people on earth who can "stuff their pockets" and get away with it. Ask Rangel! The interesting point to me in the article is, "The median wealth of a representative was $765,010, up from $645,503." Well, they make 175,000 a year, and according to these numbers their wealth increased by 120,000. That means they spent 55, 000 this year, the rest went into the bank. Does that seem out of line? I think this article is manipulative in this way.
Get to know your Congressman or woman. Judge for yourself. I have gotten to know my representatives and I believe they are in the political business to do public service, not to bilk the system. RESIST the PROPAGANDA!!!

the_big_m_in_ok

Quote from: triffid on November 19, 2010, 08:16:42 AM
More than half of all members of congress are millionaires.One was worth over 300 million.
Their day is coming.  No empire last thousands and thousands of years.  People are born and then die.  For that reason, karma is real to me.  They'll get what they deserve.  Good or bad.

That was both a compliment and a condemnation at the same time.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.