Re: Can't Say I Am Surprised (ESPN)
posted at 5/22/2013 7:43 AM EDT
In response to BassFishingII's comment:
In response to prolate0spheroid's comment:
Hey, they need to pay the CEO his $40 million a year salary somehow . . .
Well, exactly. Look, I remember when I was a kid in college working for a Fortune 50 company, out of college working for that company, etc, I was talking about this stuff then.
I keep using the GM example because it's so easy to use. I used it then, I use it now. It's so easy to close a plant in Dearborn, MI, open one up in rural China and give yourself a raise. Anyone can do that. Anyone. I don't need a Masters to do it, daddy's connections or a high IQ to do that. It's laziness or greed. It's more so greed. Really, really blatant greed.
Meanwhile, GM is getting killed by the Japanese, Koreans and even the Germans with Volkswagens. Trying to keep this as simple as possible for discussion purposes.
This was right around 9/11. At that time, there were many big companies clearly lying as they struggled to grow, but they were selling it as they were doing so well with all this fluff about how great everything was. GM is my choice for the symbolic entity of this problem that completely has a hold on our society right now. So, to cater to Wall St they would essentially misrepresent their position.
Then, like 5 years went by. Bush was re-elected (not saying this is only Bush), Katrina hit in late August of 2005 and the oil companies used that opp to basically almost double oil prices. And, this lasted well into 2007. That's kind of what happened. It was a lot of masking things to try to scour for ways to manipulate markets. Housing, oil, energy, etc, you name it.
None of it made any sense in terms of basic supply and demand. We were already at war in Iraq and Afghanistan, so don't give me this "the war was picking up" argument or "China's buying power was growing", which were the arguments at the time. And, this isn't even meant to bash those military ops either. I am fully supportive of this country defending itself as best it can with the intelligance that's available and with the international community in support.
What happened was, there was no regulation of any kind. It simply went away between what Wall St was doing and what the banks were allowed to do. That whole Glass Steagall de-reg bill in October of 1999 (signed off by Clinton, would love to know why he did that - the media has NEVER asked him about that), opened a ton of doors for this kind of manipulation of markets and corruption. It basically allowed many different kinds of industries to collude and make billions and trillions together, regardless of the typical flow of supply and demand across different industries.
And, here we are in 2013 still wondering what this is going on.
I don't know how to fix it, but if we have some AMericans with their heads in the sand going to the voting booths making the wrong decisions or not understanding what is going on currently, we have a problem for the future.
I hate to say this but I agree with someone here who said in the end it doesn't matter which person we elect president as each party has its issues, and is corrupt. I agree with this.
not picking on Obama here, but see me through. Honestly I didn't want him to win. But, when he did, I was interested to see what his administration would be like, had high hopes that maybe he could turn things around, be "the most transparent" administration that ever was. His words, not mine. Fast forward , we are no better in my estimation with him, and, he hasn't really done anything different than any other administration.
My point is, and this goes to the point of big business, big business, multi-national corporations control this country and the world. Governments, countries. Are proxies for them. Therefore, we will do what is in the best interest for these companies to grow...this includes policy Decisions, and it doesn't matter who is in office. Look no further than the trilateral commission. Upon entering office, Obama appointed 10 members of the trilateral commission to senior posts in his administration. This crew along with the MNC's run things. Obama, bush, Clinton, etc are puppets. The TC made up of MNC's, the global elite run things behind the scenes, and, they are bent on creating a more integrated global economy and political system. What stands in the way? Our constitution for one. Sovereignty of countries second,,etc.
the challenge we have is economic not political. Scarce resources, MNC's want to control them And stuff their bank accounts. Politics is a means to this end.