Corporate America stepping up!
 

Wow, this is great to see and I am a bit shocked! 80 CEO's are getting together to try and force congress to pull their heads out of the their ass and get the deficit fixed. It is currently going up 1 TRILLION dollars each year! That is just nuts.

http://finance.yahoo.com/blogs/daily...145817079.html

Re: Corporate America stepping up!
 

I Totally agree with this.
The problem though, is that congress really is the one that needs to give up on their no taxes pledge. If you remember obama gave in a lot, and really did try to negotiate with the tax terrorists and came to the 2 to 1 or 3 to 1 spending cuts vs revenue increase.
Both sides need to come to the table, give up on their basic principals of just spending vs just revenue, and realize that you need both, no just one or the other.

Re: Corporate America stepping up!
 

Tom, you want more tax revenue, you raise the number of people working, that's how you raise federal tax revenues, there really is no other answer that makes sense.

You do realize Obama is one of the worst "spenders" we've ever had. You'll never get the deficit down without cutting serious amounts of spending.

https://sphotos-a.xx.fbcdn.net/hphot...40074444_n.jpg

http://www.weeklystandard.com/blogs/...ty_657889.html

http://blog.heritage.org/2012/10/19/...nding-records/

https://sphotos-b.xx.fbcdn.net/hphot...44600689_n.jpg

Re: Corporate America stepping up!
 

Coincidence that this is about exactly how much the national debt is going up by each year? Pretty crazy numbers, thanks Vicious!

Re: Corporate America stepping up!
 

Glad to help.

Re: Corporate America stepping up!
 

Numbers on graphs seem to show anything these days. Im not a fan of Obama but Bush spent more during his presidency than obama has?

http://www.forbes.com/sites/rickunga...-barack-obama/

Re: Corporate America stepping up!
 

Not to mencion that Bush kept the war spending off the books and out of the public eye. One of the first things obama did was put them on the books so that you could see how much we were spending on our military conquests. Then also that graph doesnt show the interest that is on our debt, we can thank reagan and bush sr for that, as well as clinton.
Fact is, during the whole debate over the budget in the mid term elections, obama offered up a compromise, $3 in cuts for every $1 in revenue increase, the republicans shot it down, then he even went to $10 in cuts for every $1 increase, and they still shot it down. They cant use the whole Obama didnt put forth a budget, when he has and they were purposely blocking everything to keep Obama from gaining a second term. Yet, everyone seems to ignore a little thing we call history and blame obama for everything. Sorry but last i checked we didnt live in a dictatorship, congress, senate, and supreme court all play a part in this as well.

Re: Corporate America stepping up!
 

Also the whole "Put people to work to raise revenue", how do you expect one man, obama, to do that? The so called "Job Creators" are the ones that do that. Our economy is coming back, but its coming back at a consistent pace, I really hate hearing all of this talk about "The economy should be back and net positive right now" Im sorry but i would take a slow and steady pace over a bubble pace any day of the week, you republicans were unrealistic in setting the expectation that obama would come in office, and if he didnt turn the economy around to a 0% unemployment in 2 years, it would be a failure. Im sorry but that is just stupid. We are on the right track, we were losing hundreds of thousands of jobs every day when he took office, then it hit rock bottom around 6 months of him being in office, and have gained every month since.

Re: Corporate America stepping up!
 

Maybe Obama should have used all his political clout on the budget and spending reform his first year of office, instead of wasting it on healthcare that the MAJORITY of the USoA didn't want. And still don't want.

Re: Corporate America stepping up!
 

Yet you seem to forget about history and blame it all on Bush... I blame it on the whole freaking government for the last 20 years. Shit just keeps getting worse and worse. Any president could get this changed if he wanted to. Start calling press conferences and call out the people holding this up publically. You don't think that would get some things done? Nobody has had the balls to do that yet because they don't want to burn bridges because they might need a favor later on.

I hate where our government is headed, but I also don't see a way out. We need some uber rich guy in that doesn't give a crap about the money, like Bill Gates or somebody.

Re: Corporate America stepping up!
 

Obama did exactly that a few months ago, during a televised speech. I'm not sure which one it was, but he called out congress for blocking his attempts to compromise with them time and time again.

Re: Corporate America stepping up!
 

How about this little Jen?

Fiat (who now owns majority shares of Chrysler) is planning on moving some, if not all Jeep production to China. That's right, the American auto company that American taxpayers gave money to, and was eventually given to Fiat without a dollar changing hands. Just in case you missed the reason why no money was exchanged for majority of Chrysler ownership was, and I quote; "Fiat obtained ownership rights for Chrysler by trading SMALL CAR TECHNOLOGY to Chrysler." That is correct, the company that is tied to Mitsubishi needed Fiat to give them small technology to keep afloat.

http://nlpc.org/stories/2012/10/27/m...rcing-comments

Re: Corporate America stepping up!
 

Haha I figured my post would get ignored...

Re: Corporate America stepping up!
 

First, its GEM not Jen. We arent talking about a girl.
So the party that was totally against bailing out the auto industry with government money because it was considered socialism and didnt want the government telling what Chrysler what to do, is now saying that it should interfere with what Chrysler should do with its manufacturing? hmm. good point vicious. ::rollseyes::
Seriously the hipocracy has to end. While i dont agree with this decision, in what the GOP calls Free Enterprise, this is an unfortunate, but necessary evil of that. And you know what, Chrysler will pay for it. If they ship the manufacturing overseas, and people catch wind of it, people will just need to boycott their cars. simple as that. We vote every day with our wallets, in the items we purchase, We choose "Made in the USA", or "Made in China", we choose "Organic" vs "GMO" we make these choices and decide what works for our society. If Chrysler makes the decision to move their production overseas and people decide to go Ford, or Chevy instead and Chrysler loses sales, well maybe they will bring it back. Many companies have done just that, as people take notice and decide to go elsewhere for products and services that are local.
The auto Bailout was a good thing, it saved a ton of jobs, but the government had to cut the umbilical cord and let the companies make their own decisions again.

Re: Corporate America stepping up!
 

It was actually a couple years ago, they had a "Call Em Out" Campaign.

Re: Corporate America stepping up!
 

Under Obama spending on social programs had gone through the roof. And since he stripped out the work requirement in the Welfare program just prior to this election, it will only get worse. The main way the federal government gets its revenue is through income taxes. So why is Obama not creating jobs and wealth in this country that make a real difference?

In all reality it could be argued using the word "spender", but maybe the correct term would be "deficit grower".

Re: Corporate America stepping up!
 

Re: Corporate America stepping up!
 

Leave it to Tom to take what I said and twist it around.

Show me were I said the government should tell Chrysler what to do. I'm only pointing out how the American taxpayer got fucked again.

GEM-JEN, auto correct is a bitch sometimes.

Chrysler and GM both should have went through structured bankruptcies without government intervention, you would have had the same results without dumping all that money down the drain. But you see Tom, that would have the unions without power, and can't have that now can we?

Re: Corporate America stepping up!
 

HEY! I didnt see a foxnews anywhere in that link title so i refuse to read it!

Now if you'll excuse me i need to find some tinfoil for my sweet hat.

Re: Corporate America stepping up!
 

What is your point? If romney gets elected I fear for more military spending than we are having right now, either way we are screwed when it comes to the deficit! At least the social spending is in the USA, but I dont agree with a lot of those programs though.. haha A major overhaul on spending vs what we "need" is in order. Romney or Obama sadly wont get us where we need to go.

Bush spent more than Obama and it was mostly because of war, Obama added too it, but slower than previous presidents.

Breaking it down into graphs and not looking at the big picture is not really accurate.

Re: Corporate America stepping up!
 

Yeaaaa, because that would have been really great for the THOUSANDS of 3rd party suppliers that would have likely gone bankrupt during those bankruptcies. Those companies are huge trees and their roots go many places. Its not as simple as you'd like to think.

Re: Corporate America stepping up!
 

Yeah I saw that one, he didn't make it a major deal tough. It needs to be a major event and a news conference about only that. The problem is the president isn't going to break party lines and call out the people in their own party that are doing it too, since both sides do it.

Re: Corporate America stepping up!
 

This has been refuted many times for the simple fact that NO PRIVATE CAPITAL WOULD FRONT A STRUCTURED BANKRUPTCY OF THAT PROPORTION! There had to be government money otherwise there would be no auto industry, and like super bleeder said, it would kill a number of other companies. Again heres where historical fact comes into play. The banks were all figuring out their own problem of how to unfreeze the system, the auto companies were the least of their concern. The government stepped in so that the auto industry would not implode causing millions more unemployed. This is why i laugh when Romney says "the president did the same thing i suggested" Sorry but no he didn't, your way wouldn't work, and every economist with any knowledge agrees.

Re: Corporate America stepping up!
 

The whole point vicious as you have decided to steer this another way, is that both sides need to give. Not one or the other, spending cuts as well as tax revenues need to happen. Cut military spending, or allow for competition for the best price instead of jacked up $400 toilet seats, Add revenues to the people that can afford to chip in a bit more, and everyone gets to benefit from a better economy and the jobs will come.

Re: Corporate America stepping up!
 

His point was that is still happening. Those jobs are still going to go overseas, so it just postponed it. Now, the economy is in a bit better shape now and it can probably absorb those job losses better than it could have at the time of the bailout. Was it worth the billions we spent? We'll never know that one way or the other probably.

Re: Corporate America stepping up!
 

OMG, I agree with one of Tom's posts!! Did you copy and paste one of mine or Peter's?? :wedgie:

Re: Corporate America stepping up!
 

Too bad Government Motors didn't source their Volt batteries from the US battery company funded by its taxpayers.

Re: Corporate America stepping up!
 

Can you name a US battery company that has all of its manufacturing in the US?

Re: Corporate America stepping up!
 

You must have missed my first post in this thread. because it said the same basic principal. :)

Re: Corporate America stepping up!
 

I was referring to A123, but I'm sure you didn't follow that story at all.

Re: Corporate America stepping up!
 

Yeah, there was money thrown at a few companies for lithium production facilities, most of which are bankrupt now. They recalled the Fisker batteries they were producting, so I don't blame a major for going with them.

http://www.nytimes.com/2012/10/17/bu...ankruptcy.html

Re: Corporate America stepping up!
 

And here I thought there was going to be some good discussions about moving forward and reducing the debt in this thread, but nope same ol bitch session, pointing fingers about the past. Silly me...

Re: Corporate America stepping up!
 

Saying that is getting a bit head of ourselves, i think. We'll just have to wait and see where the holy job creators take us!

Re: Corporate America stepping up!
 

regardless of who wins the election i really do hope people realize that NO PRESIDENT, no matter what they say on the trail, can turn around an economy in one day (as someone seems to think they can) one week, one month or even one term. The massive shit hole we were in, everyone should be much happier that we are on the upswing now. 2008 was very stressful for a lot of people, unemployment is down, manufacturing is now on the upswing, employment numbers are moving up even more, etc.
If the members of congress stop playing filibuster everything and put their differences aside, they should be able to get something done sooner rather than later.
I know this may sound like an obama nut swinger, but i dont think a change in presidents is what we need, we dont need someone to come in and "shake things up", we need someone to give constant and steady results and finish what he started.

Re: Corporate America stepping up!
 

FYI, Chrysler is coming out saying the GOP is full of shit on this whole "Chrysler is shipping jobs overseas." http://www.huffingtonpost.com/2012/1...ef=mostpopular
http://www.huffingtonpost.com/2012/1...n_2046038.html

They have also come out with commercials stating the same fact.