[Vision2020] You're Doing One Heckufa Job on the Economy, Bushie!
Dick Sherwin
rvrcowboy at clearwire.net
Sun Sep 24 15:46:47 PDT 2006
Without a doubt, this has to be one of the most ignorant posts I have ever
read here in the vision. You go Wayne!!
Dick S
----- Original Message -----
From: "Art Deco" <deco at moscow.com>
To: "Vision 2020" <vision2020 at moscow.com>
Sent: Sunday, September 24, 2006 8:59 AM
Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
Economy,Bushie!
> Many small businesses thrive with little or no profit (profit = income -
> expenses*). However, they do provide income for employed family members
> and others in the form of wages, benefits, etc (all part of *expenses).
> Some go on like this for years. Hence, making is a profit is not
> necessarily a requirement for a successful business. However, it best not
> to incur losses.
>
> Losses do not necessarily mean that a business is a complete failure,
> either. Even if a business eventually goes out of existence, they have
> provided jobs and benefits for their owners/employees, income for their
> vendors, etc as well as having provided goods/services to the community.
>
> So when someone makes the over-simplified, ignorance laden statement that
> "Without profit, there are no jobs, without jobs there are no pay checks,
> except for those who are on entitlement programs" one is again sadly
> reminded that no matter how hard we try to provide a decent education for
> all, there are bound to be some failures in this attempt.
>
>
> Don't get me wrong, I have no objection to businesses making a fair
profit.
> I am not against enterprise, fair/ legal competition, and individual
> initiative, but strongly for it as I have benefited directly from such.
>
> I am against the belief that enterprise should be left without reins and
> unregulated and its effects debated without reference to the consequences
to
> the totality of the milieu in which it operates or proposes to operate.
> Only a fool would believe that unfettered enterprise is healthy and
> wonderful, even if that fool only read a newspaper once in their lives.
> There is room for rational debate about how much regulation is needed
> generally and in specific cases.
>
> What I object to in this thread so far is the over-simplification of a
very
> complex issue. In the case of some of the participants, this
> over-simplification is the result of ignorance and congenital dumbness.
> With others, business people who should know better, it is a dishonest
> attempt to obscure the issues and to smear those not in agreement without
> having to resort to facts or rational argument.
>
> W.
>
>
> ----- Original Message -----
> From: "Dick Sherwin" <rvrcowboy at clearwire.net>
> To: "Vision2020" <vision2020 at moscow.com>; "Kai Eiselein, editor"
> <editor at lataheagle.com>
> Sent: Friday, September 22, 2006 4:09 PM
> Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
> Economy,Bushie!
>
>
> > You are correct, Kai. Business is not only about making a profit, it is
> > imperative that business make a profit. Without profit, there are no
> > jobs,
> > without jobs there are no pay checks, except for those who are on
> > entitlement programs.
> >
> > Only a true socialist would put down business for making a profit.
Hence,
> > the prattling of Nick Gier.
> >
> > Dick S
> > ----- Original Message -----
> > From: "Kai Eiselein, editor" <editor at lataheagle.com>
> > To: <nickgier at adelphia.net>; <vision2020 at moscow.com>
> > Sent: Friday, September 22, 2006 10:50 AM
> > Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
> > Economy,Bushie!
> >
> >
> >> Ummmmm, productivity has gone in profits, not wages....... Last time I
> > checked business was about making profit..... Which is good, because
thats
> > what PAYS WAGES! yeeesh Nick
> >>
> >> -----Original Message-----
> >> From: vision2020-bounces at moscow.com
> >> [mailto:vision2020-bounces at moscow.com]On Behalf Of
nickgier at adelphia.net
> >> Sent: Friday, September 22, 2006 10:38 AM
> >> To: vision2020 at moscow.com
> >> Subject: [Vision2020] You're Doing One Heckufa Job on the Economy,
> >> Bushie!
> >>
> >>
> >> Greetings:
> >>
> >> I decided to get my radio commentary out of the way early this week, so
> > that I can work on my book on religious violence. This is the longer
> > version.
> >>
> >> Thanks, Saundra, for saving me the trouble of trying to switch to
> > Time-Warner. I don't want a RoadRunner e-mail address, but on second
> > thought, it might help me outwit the witless coyotes down the hill.
> >>
> >> YOU'RE DOING ONE HECKUFA JOB ON THE ECONOMY, BUSHIE!
> >>
> >> Nick Gier, Professor Emeritus, University of Idaho
> >>
> >> Note: BLS stands for Bureau of Labor Statistics
> >>
> >> President Bush keeps telling us that the economy is growing, but "The
> >> Wall
> > Street Journal" reported (3/27/06) that most of that productivity has
gone
> > into profits not wages. A "The New York Times" editorial explains:
"Wages
> > and salaries now make up the lowest proportion of the economy since
1947,
> > while corporate profits have climbed to their highest since the 1960s"
> > (8/29/06).
> >>
> >> Worker productivity has gone up 18.4 percent, but wages are down, so
any
> > additional income has obviously gone to the rich, not the poor and
middle
> > class. The poverty rate has gone up 17 percent since 2000. Those in
deep
> > poverty—$7,800 for a family of three—number the highest since 1975, when
> > such surveys began.
> >>
> >> During the 1950s and 1960s, median household incomes doubled, but since
> > 1979, the lower classes have experienced no wage increase at all, while
> > middle class income has increased by a mere $200 per year. In stark
> > contrast, the top 1 percent of Americans has enjoyed a 111.3 percent
raise
> > (Rocky Mt. News, 5/2/06). The Census Bureau reports that median family
> > income for those 25-34 has dropped 5.9 percent during the Bush
> > administration.
> >>
> >> Bush also brags about the low unemployment rate, but there are many
> > important qualifiers. The rate is actually 10 percent higher than when
he
> > took office, and the number unemployed longer than 26 weeks has climbed
57
> > percent (BLS, 7/7/06). Many have simply dropped out of the job market,
> > because there are 1.7 percent fewer people working now than in April
2000.
> >>
> >> Three million manufacturing jobs have been lost (BLS, 7/7/06) to new
jobs
> > in the service sector and other low paying positions, half of which are
> > part-time and offer no benefits (LA Times, 7/24/06). Bush has the worst
> > job
> > growth record since the Great Depression (BLS, 7/7/06). Excluding
> > farming,
> > 22.7 million jobs were created during the Clinton years, while only 2.3
> > million have come on line under Bush.
> >>
> >> Entry level wages for college graduates have fallen 4 percent over the
> > last five years—7.3 percent for men and 3.5 percent for women—the first
> > decline in 30 years. Health coverage for this same group has fallen by 7
> > percent. Health insurance premiums have risen 71 percent over the same
> > period, making it more likely that these young families will be faced
with
> > bankrupting medical bills. In 2005 1.3 million more Americans were
> > without
> > health coverage for a total of 46.5 million.
> >>
> >> Apartment rents and house prices have climbed steeply. The American
dream
> > of owning your own home is now just that for many young Americans. The
> > housing affordability index is at its lowest since 1987. With house
values
> > dropping and interest rates rising, recent home owners, who were seduced
> > by
> > no down payments and adjustable rate mortgages, may soon find that they
> > owe
> > much more on their mortgages than their homes are worth.
> >>
> >> Americans have always had the lowest savings rate in the world. Now
this
> > rate has gone into the negative, which means that we are spending more
> > than
> > we earn. People under the age of 35 are spending a whopping 16 percent
> > more
> > than they take in. In 2005 Americans had the worst ratio of household
and
> > mortgage debt to disposable income in 25 years. We are also buying more
> > goods from other countries than we are exporting. In 2005 the trade
> > deficit
> > reached $726 billion, twice the size of 2001, due in large part to
imports
> > from China.
> >>
> >> Because of Bush's tax breaks, the total national debt has increased $3
> > trillion in 5 years, a 54 percent increase, beating Reagan's record of
> > $1.6
> > trillion in 8 years. China, Japan, and other countries also hold $1.2
> > trillion of our national debt, and they could decide to unload those
> > bounds
> > at any time. Because of the declining value of the dollar, OPEC
countries
> > could also decide to price their oil in stronger euros instead of weaker
> > dollars.
> >>
> >> As economist Jayati Ghosh states: "The U. S. public merrily continues
to
> > spend its way through the rest of the world's savings," borrowing $600
> > billion alone in 2005. The American grasshoppers' long summer of
> > overconsumption will eventually end, and the world's ants, some of them
> > putting away 30 percent of their income, will come out on top.
> >>
> >> Europeans stood firmly with us after 9/11, assuming that the U. S.
would
> > seek a multilateral solution to terrorism, but now 71 percent of them
> > believe that Bush is the greatest threat to world peace. Many Americans
> > now
> > have good reason to believe that Bush's domestic policies are
undermining
> > their financial security and their children's economic future.
> >>
> >> Way to go, Bushie!
> >>
> >>
> >>
> >> =======================================================
> >> List services made available by First Step Internet,
> >> serving the communities of the Palouse since 1994.
> >> http://www.fsr.net
> >> mailto:Vision2020 at moscow.com
> >> =======================================================
> >>
> >>
> >> __________ NOD32 1.1767 (20060921) Information __________
> >>
> >> This message was checked by NOD32 antivirus system.
> >> http://www.eset.com
> >>
> >>
> >>
> >> =======================================================
> >> List services made available by First Step Internet,
> >> serving the communities of the Palouse since 1994.
> >> http://www.fsr.net
> >> mailto:Vision2020 at moscow.com
> >> =======================================================
> >>
> >
> > =======================================================
> > List services made available by First Step Internet,
> > serving the communities of the Palouse since 1994.
> > http://www.fsr.net
> > mailto:Vision2020 at moscow.com
> > =======================================================
> >
>
> =======================================================
> List services made available by First Step Internet,
> serving the communities of the Palouse since 1994.
> http://www.fsr.net
> mailto:Vision2020 at moscow.com
> =======================================================
>
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