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#7906 | |
Snooty Bestselling Author
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Karma: 1000000
Join Date: Aug 2009
Location: Ipswich, QLD, Australia
Device: PRS-650
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#7907 |
It's about the umbrella
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Karma: 56250158
Join Date: Jan 2009
Device: Sony 505| K Fire | KK 3G+Wi-Fi | iPhone 3Gs |Vista 32-bit Hm Prem w/FF
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Oh, no, not again, DixieGal! :bigbighug:
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#7908 |
Chocolate Grasshopper ...
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Karma: 20821184
Join Date: Mar 2008
Location: Scotland
Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW
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Moejoe Commiserations and take care of yourself and yours. Memories last forever, and you will have a new life to look forward to....
DixieGal You take very good care - you hear !!!! |
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#7909 | |
WWHALD
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Karma: 337114
Join Date: Sep 2008
Location: Mitcham, Surrey, UK
Device: iPad. Selling my silver 505 here
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#7910 |
Reborn Paper User
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Karma: 15446734
Join Date: May 2006
Location: Que Nada
Device: iPhone8, iPad Air
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Would you guys stop yellin'? She's not deaf...
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#7911 | |
Wizard
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Karma: 9795311
Join Date: Aug 2008
Location: Germany
Device: Hanlin V3 (LBook), GS3
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#7912 |
Chocolate Grasshopper ...
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Karma: 20821184
Join Date: Mar 2008
Location: Scotland
Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW
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#7913 |
Sir Penguin of Edinburgh
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Karma: 23555235
Join Date: Apr 2007
Location: DC Metro area
Device: Shake a stick plus 1
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This is the rant thread, so I'm going to break my rule on not posting about politics.
The US Treasury Department now owns 61% of General Motors. Could someone explain to me how we skipped right past Socialism and went straight to Communism? Shouldn't we have had a Glorious Worker's Revolution first? I'm really sad that I missed out on the looting. |
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#7914 |
Bah! Humbug!
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Karma: 135239851
Join Date: Feb 2009
Location: Durham, NC
Device: Every Kindle Ever Made & To Be Made!
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The looting was done during the previous administration, when the resources of the workers were paid out as Xmas bonuses to executives who didn't need any more money.
Really - if you opened you Xmas bonus check and saw $15,000,000.00 - would you think you deserved it? |
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#7915 |
When's Doughnut Day?
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Karma: 13675475
Join Date: Jul 2007
Location: Houston, TX, US
Device: Sony PRS-505, iPad
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Not a good idea, Nate. But I feel your pain and everyone else's (on all sides). Me? I was unhappy to see flags flying yesterday in honour of past presidents some of whom I'd rather pee on. I will not say which ones.
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#7916 | |
New York Editor
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Karma: 16540415
Join Date: Aug 2007
Device: PalmTX, Pocket eDGe, Alcatel Fierce 4, RCA Viking Pro 10, Nexus 7
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You might want to review the definition of Communism, first, as this isn't it. There was a lot of discussion about this, before, during, and after the fact. It's a question of "Are some enterprises too big to be allowed to fail?, and you won't please everyone no matter what answer you come up with. The major US automakers are all struggling to adapt to a vastly changed landscape. The salad days when GM's problem was keeping its market share under 35% to prevent anti-trust issues are long gone. The fundamental issue is costs of production. GM spun off the Delphi automotive division some years back, and a couple of years ago, the CEO of Delphi shocked everyone by entering Chapter 11 bankruptcy. It was a wake up call for the entire industry, and observers were wondering when GM might follow suit. Delphi's problem was simple. It had a cost structure where workers were earning as much as $60/hour in salary and fringes, but had to compete with foreign suppliers whose labor costs were perhaps $10/hour. And to keep costs competitive, the "Big Three" were sourcing based on cost. Delphi had no leg up by being a US company and former part of GM. Expand Delphi's problem to the industry as a whole. GM is hobbled by extraordinary labor costs. UAW contracts impose pension and health care costs they simply can't afford, negotiat4edf in the days before teh economy imploded. (And GM has two workers retired and collecting benefits for every one on the job. You may imagine where this will inevitably lead...) The issue faced by the Federal Government was "Which is the worse alternative: assuming control of a large part of GM to keep it alive, or letting it fail?" "Letting it fail" means large numbers of autoworkers in areas that are already economically depressed losing their jobs. Autoworkers who vote, and will lobby their Congress critters to Do Something to insure that doesn't happen. I'm not particularly thrilled by the notion either, but what would you have the Feds do instead? Let GM go belly up? I had some interesting conversations with an old friend who is a rabid conservative and felt the Feds should do just that. He's an entrepreneur, and has made his living in a variety of ways over the years. He's under the happy delusion that everyone else can emulate his practice, and letting GM go belly up would simply spawn a batch of smaller, nimbler independents filling the void it left. And so it might, but what happens to all the laid off workers in the meantime? Most would not be able become entrepreneurs and go into business for themselves, a fact that he can't seem to grasp. ______ Dennis |
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#7917 |
Illiterate
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Karma: 37848716
Join Date: Mar 2009
Location: The Sandwich Isles
Device: Samsung Galaxy S10+, Microsoft Surface Pro
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Unemployment, and Congress critters notwithstanding, my sympathies do NOT lay with six figure factory workers when teachers and police people are barely above federal poverty levels!
Last edited by wodin; 02-16-2010 at 01:42 PM. |
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#7918 | |
Chocolate Grasshopper ...
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Karma: 20821184
Join Date: Mar 2008
Location: Scotland
Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW
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does that not also mean that you can walk into the garage and drive away one of YOUR cars ? |
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#7919 |
Sir Penguin of Edinburgh
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Karma: 23555235
Join Date: Apr 2007
Location: DC Metro area
Device: Shake a stick plus 1
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#7920 | ||
Complicated Warlock
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Karma: 160970
Join Date: Nov 2009
Location: Madiganistan
Device: HP Mini 1101, Droid X rooted, GTab rooted/VEGAnTAB Ginger Edition/CM7
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"It's not that simple", you might say...I can say from firsthand experience that it beats the hell out of the alternative. |
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creepy crawlers!, dell computers, monteverdi, thread that never ends, tubery, unutterable silliness |
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