Way to pigeonhole, Harley. I do think athletes and entertainers are overpaid. However, an author or musician creates a product and people pay them for that product. My issue is Obama created his wealth through his own initiative. Romney inherited his, and is one of the richest people ever to run for president. Obama knows what it is like to have nothing, Romney seems to feel only keeping $12 million a year is being put upon. As far as his actions at Bain, it never occurred to him to cut back on executive salaries before laying off the workforce. That is not the kind of decision making I can support as a President. Especially when unemployment is a major issue.
You all argue by comparing rich people to rich people. So Silly. Me, I’m going to be rich in the future by investing in a new business that makes guillotines – they will be in great demand one day…
In many cases, you’re denying that the failing parts may be at the top. If a business got that big to begin with, there had to be something successful in the original model. But once it goes public, a larger percentage of the profit is skimmed off at the top. Now even though the company is making more money than before with the same amount of employees, expenses are not being met because the top 10% are giving themselves bigger bonuses. Look at Circuit City and Home Depot. One shut down and the other almost did because they changed from skilled salespeople to high school minimum wagers to increase shareholder and executive profits. It didn’t work. People followed the skilled salespeople to their competitors. The solution would have been to lower the bonus percentage of the executives.What does that mean for a President? You write off the poor, saying as long as the top earners are secure, the country succeeds? I can’t accept that.
@Harleyquinn: He tried to turn things around by dismantling companies selling off their assets and moving operations offshore. Great for rich investors not so good for the people who lost their jobs and the Government that lost tax revenue.
As Nikita Kruchev said in his speech, “The Cult of the Individual”“…the west is obsessed with individulism”. Things really worked out well for the USSR. They even had to build a Berlin Wall to keep people in to prevent them from being ‘obsessed by Individualism’. LOL
LOL:Outsourced jobs just like Obama jobs council head, Jeffery Immelt & GE CEO sent his X-Ray Division & jobs to China or contracted with Finland’s Fisker Corp to build electric cars that are too high priced for most Americans to buy.
The question you need to ask is, what govt policies at home will make it easier to create & attract jobs & capital to the USA???
mrbribery over 11 years ago
no, it’s the Austerity Police.
el8 over 11 years ago
The song remains the same.
smendler over 11 years ago
“When government gets off the back of business, business becomes the government.” – anon
Fourcrows over 11 years ago
So you don’t have a problem with Romney, who was born rich, but Obama is bad for BECOMING rich? Your second statement contradicts your first…
Fourcrows over 11 years ago
Way to pigeonhole, Harley. I do think athletes and entertainers are overpaid. However, an author or musician creates a product and people pay them for that product. My issue is Obama created his wealth through his own initiative. Romney inherited his, and is one of the richest people ever to run for president. Obama knows what it is like to have nothing, Romney seems to feel only keeping $12 million a year is being put upon. As far as his actions at Bain, it never occurred to him to cut back on executive salaries before laying off the workforce. That is not the kind of decision making I can support as a President. Especially when unemployment is a major issue.
craigwestlake over 11 years ago
You all argue by comparing rich people to rich people. So Silly. Me, I’m going to be rich in the future by investing in a new business that makes guillotines – they will be in great demand one day…
Fourcrows over 11 years ago
In many cases, you’re denying that the failing parts may be at the top. If a business got that big to begin with, there had to be something successful in the original model. But once it goes public, a larger percentage of the profit is skimmed off at the top. Now even though the company is making more money than before with the same amount of employees, expenses are not being met because the top 10% are giving themselves bigger bonuses. Look at Circuit City and Home Depot. One shut down and the other almost did because they changed from skilled salespeople to high school minimum wagers to increase shareholder and executive profits. It didn’t work. People followed the skilled salespeople to their competitors. The solution would have been to lower the bonus percentage of the executives.What does that mean for a President? You write off the poor, saying as long as the top earners are secure, the country succeeds? I can’t accept that.
FireMedic over 11 years ago
@Harleyquinn: He tried to turn things around by dismantling companies selling off their assets and moving operations offshore. Great for rich investors not so good for the people who lost their jobs and the Government that lost tax revenue.
Aguila Sola over 11 years ago
As Nikita Kruchev said in his speech, “The Cult of the Individual”“…the west is obsessed with individulism”. Things really worked out well for the USSR. They even had to build a Berlin Wall to keep people in to prevent them from being ‘obsessed by Individualism’. LOL
Aguila Sola over 11 years ago
LOL:Outsourced jobs just like Obama jobs council head, Jeffery Immelt & GE CEO sent his X-Ray Division & jobs to China or contracted with Finland’s Fisker Corp to build electric cars that are too high priced for most Americans to buy.
The question you need to ask is, what govt policies at home will make it easier to create & attract jobs & capital to the USA???
yalie over 11 years ago
Ms. Sorenson: I suggest you read a basic economics text and study American history before you write anymore. Your lack of knowledge is glaring.