Bernanke To Investors: You're On Your Own! - Page 2

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nod2003 Pillar of the Community United States 3294 Posts	Posted 08/29/2011 2:07 pm I can see some people's point about corporate America though when the corporations in question are sending all the jobs overseas. The company where I am currently employed for example has tons of work and is more profitable then they have ever been, but they refuse to hire workers in the US, instead expanding the number of workers in China. Report this Post to the Staff
mmerlinn Valued Member United States 302 Posts	Posted 08/29/2011 2:23 pm Quote: And Corporate America simply does not care. As long as their profits are up ( and they are) then they could care less about anyone else. Without corporate America most of us would not have a job. And CA CANNOT have increased profits WITHOUT the people that generate those profits - the people that work for CA. So, whether you like it or not, CA MUST care about their workers and the workers MUST care about CA. ONE CANNOT LIVE WITHOUT THE OTHER in our society. And CA is also the engine that funds most of the financial funds that make it possible for retirees to enjoy their golden years. So, bashing CA is like shooting yourself in the foot. Quote: but they refuse to hire workers in the US, They refuse because they will become NON-COMPETITIVE if they don't. And non-competitive corporations either go out of business or go bankrupt. If your company started hiring only in America, within months you would not have a job. MOST of the blame for pushing corporations to hire overseas belongs to the U.S. Government through high taxes, onerous regulations, manipulated currency, and even kow-towing to pipsqueak nations. Edited by mmerlinn 08/29/2011 2:30 pm Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 08/29/2011 2:49 pm Really? Because when it comes to manipulating currency, China is the gold medalist. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/29/2011 6:12 pm Quote: Good points. It is NOT the Fed's job to guarantee anyone's profits. Just for their owners. Report this Post to the Staff
jmkendall Pillar of the Community United States 1590 Posts	Posted 08/30/2011 12:22 am I will just point out that in one breath you say "CA CANNOT have increased profits WITHOUT the people that generate those profits - the people that work for CA" Then the next breath you defend CA not hiring Americans;"They refuse because they will become NON-COMPETITIVE if they don't. " You can't have it both ways. We are talking about America and American Workers. Not China, Korea, or Mexico. I have no illusions about Corporate America. I sold my soul to Corporate America 31 years ago. I am truly, truly sorry for all the work I did busting Unions and finding enough paper to fire or force out Senior Non-exempt employees. All so we could make more money and hence increase our salaries. After 12 years all I got out of it was so much stress my health started to suffer. I got out and I never looked back. I still have a couple of friends in that Corporation. They tell me that they are proud of the fact that the Average wage of the Average Hourly worker is roughly 10 percent less now than it was in 1980. They crow about how they have taken management position and given them to Hourly Employees, at a third the pay. So tell me; when all your workers are in Mexico and China, who will buy your products? It is all about disposable income. Report this Post to the Staff
Hollywood Pillar of the Community United States 1228 Posts	Posted 08/30/2011 10:39 am Quote: It is all about disposable income. yep credit and income both take away from your ltv.dti is your total minimum monthly payments on your credit report if under $15 on any of them you count them as $15 then divide that total by your monthly gross income witch you can find on your tax returns under schedule c for adjusted gross income add in any verified rental agreement income to your adjusted gross income and divide that by 12 if over 31% dti then its a bad deal now a days Report this Post to the Staff
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