Originally Posted By DAR Can we still use the phrase "In this economy" before say, In this economy people are being turned away from Disneyland because of the crowds. In this economy GM can't build enough crowds.
Originally Posted By mawnck As long as there are companies that underperform, there will be CEOs blaming "this economy."
Originally Posted By DVC_dad It is probably obvious that I am somewhat disenchanted with the GOP. However, this doesn't mean I am suddenly enchanted with the things going on in "this economy" like the AIG bonuses. I am starting to wonder IF our economy really will ever recover. Is it true that Obama wants the power through the Treasure to seize private companies and reset wages and executive pay...that is cprovate companies that have nothing whatsoever to do with the "bail out"? If this is the case, isn't this truly a direct attack on the free market system, using money from the "most productive portion of the economy in order to pay for the least productive portion" <--to quote that British guy... and a REAL and tangible move toward at least "economic" marxisim? Marxism A Definition (though there are many) System of economic, social, and political philosophy based on the idea that class struggle is the """"motor of history,"""" and that the outdated class structures will be overthrown with force (revolution) instead of being replaced through patient modification. It explains that as the capitalism has succeeded the feudalism, it too will be removed by a dictatorship of the workers (proletariat) called socialism, followed quickly and inevitably by a classless society which governs itself without a governing class or structure. Developed in the 19th century jointly by two lifelong German friends living in London—Karl Marx (1818-1883) and Friedrich Engels (1820-1895)—it forms the foundation of communism. Quoted from here: <a href="http://www.businessdictionary.com/definition/Marxism.html" target="_blank">http://www.businessdictionary....ism.html</a> Don't bite my head off, but please feel free to point out problems with my logic here. I am just at the beginning trying to educated myself as to what is REALLY going on in the US and the rest of the world. I'm trying my best NOT to do so with preconceived ideas and notions even it the above statements sound like I'm coming at this from the GOP angle again. I simply truly want to know and would actually appreciate educated or informed rebuttals or replies from anyone that cares to take the time. Anyway, I am afraid that "this economy" is only the beginning of some very very long lasting and extremely difficult times. So to ask about when it gets better; I say WILL it get better?
Originally Posted By DVC_dad Oh and sorry for hijacking the tread DAR. Now that I reread you OP, I think I was off topic. I really need to watch that.
Originally Posted By Dabob2 <Is it true that Obama wants the power through the Treasure to seize private companies and reset wages and executive pay...that is cprovate companies that have nothing whatsoever to do with the "bail out"?> No, it is not true. Geithner has talked about giving the Treasury FDIC-like powers for non-bank financial firms only. The FDIC has long had the power to take over a bank that is failing. Geithner has said that if there had been a similar mechanism for non-bank financial firms, perhaps the AIG bailout could have been avoided or handled much differently. <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/03/23/AR2009032302830.html" target="_blank">http://www.washingtonpost.com/...830.html</a> Now, of course, there are aguments for and against this measure. But nobody's talking about taking over Procter & Gamble or any other non-financial firm not involved with the bailout, or AFAIK even non-financial firms that are getting bailout dollars, such as GM.
Originally Posted By DVC_dad Ahhh ok ok ok thank you for the clarification and the source as well!!! Thank you.
Originally Posted By mawnck >>System of economic, social, and political philosophy based on the idea that class struggle is the """"motor of history,"""" and that the outdated class structures will be overthrown with force (revolution) instead of being replaced through patient modification.<< The answer to this? "Sez you." It's hardly ever happened. The trouble is finding a "class" with enough motivation, enough members and enough power to pull it off. And if there is such a class, they're just as likely to put some other government structure into place. As for Marxism itself ... it would be a fabulous thing, except that it completely ignores Human Nature 101. It only works in a world without selfishness and greed, and last I looked, this one ain't it. I do think the US may end up moving to an arguably more Socialist-leaning model, if for no other reason than the entire Conservative movement has lost their collective mind and will thus be incapable of challenging it.
Originally Posted By DVC_dad <<<I do think the US may end up moving to an arguably more Socialist-leaning model, if for no other reason than the entire Conservative movement has lost their collective mind and will thus be incapable of challenging it.>>> Is that a good thing or a bad thing? What would the effects be on the following: healthcare education human rights standard of living
Originally Posted By mawnck >>Is that a good thing or a bad thing? What would the effects be on the following: healthcare education human rights standard of living<< I think it would depend on who's in office at the particular time. If it was W's administration, we'd be in a world of hurt. Note that education has been socialized for many, many years, and was going along just fine for many many years.
