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T O P I C     R E V I E W
TheMoMan
Member # 1659
 - posted December 22, 2009 12:35
____ THEMOMAN HERE!!!!


Congress has spoke..

SIX HUNDRED MILLION DOLLARS,

That is how much that the INS. Companies, the Hospitals and Drug companies gave to Congress to make sure that nothing meaningful came out on Health Care reform.

How many lives could have been saved how much research could have been done with that kind of money,

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFLbcmeDoBbk&pos=9


Congress blew it, The lobbyists bought them off, plane and simple our country is up for sale to the highest bidder. Our reps do not represent us they are in it for the money.

Not one penny of this amount went to curing anything, except the bottom line at providers HQ.
 
The Famous Druid
Member # 1769
 - posted December 22, 2009 15:32
MoMan, don't be too hard on the Republicans for trying to deny ordinary Americans decent health-care, they're just trying to save America from Socialism
 
Mr. Geek 2U
Member # 28663
 - posted December 22, 2009 16:06
Hello Mr. Mo-Man!

Prostate Cancer Brother.

A fellow man who thinks, "He had a prostatectomy?" when he hears of a CIA leak!

I will say this. I am not happy with everything. No-sireee!

But I am happy that I can get a new job and new insurance because pre-existing conditions are gone!

Have a great day!

Mr. Geek 2U!
 
TheMoMan
Member # 1659
 - posted December 23, 2009 02:05
____ TFD, To me that is the disconnect. IF the GOP really wants to help business, wage and benefit packages cost a lot, now if health care were covered by the Gov. then there would be more money left at the bottom line.
 
The Famous Druid
Member # 1769
 - posted December 23, 2009 02:46
quote:
Originally posted by TheMoMan:
____ TFD, To me that is the disconnect. IF the GOP really wants to help business, wage and benefit packages cost a lot, now if health care were covered by the Gov. then there would be more money left at the bottom line.

You could argue that the American tradition of making employers cover these things contributed to the downfall of the big car manufacturers.

General Motors now employs half a million fewer people than it did 1/4 of a century ago, but it's stuck with pension and health care costs of hundreds of thousands of former employees.

They'd have been far better off paying a couple of percent more tax, and offloading that responsibility onto the government.
 
TheMoMan
Member # 1659
 - posted December 23, 2009 03:14
____ TFD, Now why can't the GOP understand that point.


____ It gets even better, back then at one point GM was making over a million dollars a second, profit. Now why was that money correctly invested for the long haul, nope pay it out as dividends and make Wall Street happy. Somebody got their fingers into the honey pot.
 
Stereo
Member # 748
 - posted December 23, 2009 06:24
quote:
Originally posted by TheMoMan:
____ It gets even better, back then at one point GM was making over a million dollars a second, profit. Now why was that money correctly invested for the long haul, nope pay it out as dividends and make Wall Street happy. Somebody got their fingers into the honey pot.

A bit off-topic, but this is precisely the reason why I prefer to invest in small-capitalization funds than blue chips. Sure, some of the newer companies will go under. Statistically, most of them. But often, their head guy/gal still think of the company first.. And this is good for the investors. Thinking of the investors first is the sure way to trouble.

(It shouldn't come as a surprise that my best performing investments these days are the small-cap and equitable funds.)

I feel almost sorry for you people, down the border... The big companies are really the ones who rule the country.
 
The Famous Druid
Member # 1769
 - posted December 23, 2009 06:35
quote:
Originally posted by TheMoMan:
back then at one point GM was making over a million dollars a second, profit.

Seems unlikely, that works out to over $86 billion per day, there just isn't enough money to keep that up for very long.

But arithmetic quibbles aside, your point is well taken. It's even worse when loss-making companies borrow money to pay dividends. That just shouldn't be legal.
 
TheMoMan
Member # 1659
 - posted December 23, 2009 10:05
____ TFD, TheMoMan with egg on his face. Okay one quarter the net profit was just less than 5 Billion Dollars, now with division it is much less. Sorry for the total lapse of scope, and decimal places.

____ I really get upset when people that do not know how The Sub Fund worked claim we were a burden on the company. Each and every worker paid into the Subfund at the rate of One half dollar/hour for every hour worked. Then if you were laid off for two or more weeks funds were dispenced, again this was our "The workers Money" not some money that the US car makers put up. If the Sub fund dropped to a certain level we paid more until the fund built up again.

____ So if the company had paid attention to running the business and not raiding the workers benefits plans maybe I would still be drawing a pension and not PBGC money. We used to get statements of the outstanding loans the company owed to Sub, Pension and other funds with the promise that it would always be made whole.
 




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