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New 4 Part Show On History Tonite....

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Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 10/31/2012  4:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Ford will bring Rockefeller back to the forefront with the need for gas, without the car Rockefeller would have faded and probably rather quickly.

Its also interesting that they bring up the fact in next week that these giants would loan the government money to save it from financial collapse showing again that todays problems are not something new or unique to our current government.

The show does a really great job of illustrating the problems of today indirectly. You do need some regulations to protect the workers which is why they started unions. But too much will destroy their incentives and they wont take the risks these men took. If the great financial reward is not there theres no reason to risk what you have which is what is currently holding us back in our current climate. Unions too, they started out for a very good reason and were necessary at the time, but we no longer have 1800s working conditions and have out lived their purpose and now have turned into a burden. Most things that start out with good intentions end up becoming counterproductive in the long haul. The workers back then would probably laugh at some of the things unions strike for or demand today like the teachers union in Chicago
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 10/31/2012  10:23 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
"Its also interesting that they bring up the fact in next week that these giants would loan the government money to save it from financial collapse showing again that today's problems are not something new or unique to our current government."

I also found that to be very interesting backing up the point we were both making last week Baseball. Via if push comes to shove they would indeed get together, pull their money together, wipe the books clean, whatever and start fresh again...

Like you said not a new problem and one that will continue to show up from time to time in the future....
Edited by Silverhawk74
10/31/2012 10:24 pm
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 10/31/2012  10:33 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Completely agree. Unless you just go to the system of haves and have nots there will always be a budget deficit and crisis as long as the feds are providing services. Nothing new, been there a lot before everything is just more open now. I doubt many people knew about the JP Morgan loans but now we hear about everything with the new technology. It also doesn't help that we got spoiled by the .com boom in the 90s and the creative book keeping that had a surplus that magically disappeared the day Clinton left office.

100 years from now people will probably be laughing that we panicked so much. I'm not saying its a good situation were in but we can overcome it just like we have in the past. Most of the world was in debt as recently as WW2 until we forgave it all. Push comes to shove youll just see a lot of debt forgiven to save off complete collapse. Only a handful of countries are dumb enough or sadistic enough to be fine with a world wide meltdown and none of them are money lenders
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