Well apparently Obama saw fit to sign the governments taking over of more of the economy (aka Financial Overhaul Bill) in the Ronald Reagan building. This Yahoo article calls it irony, I call it a giant F-U to conservatives and the man who championed deregulated government.
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That's a pretty fuct up move. -
well duhhh it was a slap in the face to the conservatives, and are thumbing their nose at the rest of us, all while going (*Cartman voice) na-na-na-na-na-na-naaa..........na-na-na-na-na-na-na-naa.....na-na-na-na-na-na-naa That was the whole god dammed point.
from what little I have see of this bill its really bad for any all of us and basically congress has written it self outta the loop when on anything having to do with the financial sector, leaving the excessive and the fed to do all the policy making and giving them the power to take over private enterprise with little to no reason for it under vague and broad terms, of you guessed TO BIG TO FAIL.
Congratulations Merica welcome to serfdom.The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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Hmmmm. Some think his handiwork is what got us into our current mess.
For the more one looks into the origins of the current disaster, the clearer it becomes that the key wrong turn — the turn that made crisis inevitable — took place in the early 1980s, during the Reagan years.
Reagan reduced taxes on the wealthy by up to 50%, and to no one's surprise, the deficit increased, so the US began to borrow heavily. Under Reagan, the US went from being the biggest creditor in the world to the world's largest debtor.
Love him if you want, but I can tell you a different story from directly experiencing airline deregulation, when my father was employed by Delta. That airline was one of the best run of the lot. During the post-deregulation recession of the early '80s, layoffs at other airlines were occurring after Reagan fired the air traffic controllers and air traffic capacity was cut by about 30%. Delta saw their first losses in decades, but no other airline came close to taking as much care of their employees as Delta did. Delta vowed they would not layoff full time employees. Their employees returned the favor by buying the airline a new 767, dubbed "Spirit of Delta". But eventually, low prices at all costs won out, and the once great airline is a hollow shell and the starting gross pay for a pilot is about $2000/month. :-o
Funny how you never see that kind of loyalty anymore, by companies or employees. Oh well, at least everything about flying is inevitably cheap and grubby now. :???:
OK back on topic......I don't care where O signed it. It's still a gimme to the guys with the bux.Last edited by mar1t1me; 07-21-2010, 10:02 PM.Comment
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Starting gross pay for a is $2000/month? Really?Need parts now? Need them cheap? steve@blunttech.com
Chief Sales Officer, Midwest Division—Blunt Tech Industries
www.gutenparts.com
One stop shopping for NEW, USED and EURO PARTS!
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The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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Net that's like $36k, that's just insane.
I mean that's what I was hired on at as my first job at State Farm as a claim rep back in '06, with a Public Relations degree!!!
I always thought pilots were more in the $80-100k range.Need parts now? Need them cheap? steve@blunttech.com
Chief Sales Officer, Midwest Division—Blunt Tech Industries
www.gutenparts.com
One stop shopping for NEW, USED and EURO PARTS!
Comment
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^^^^Left seaters in the majors do pretty well, at around $150K+benefits, but you pretty much have to fly for regionals to get a crack at those major seats, so they screw you on pay until you move up. They do this because they can. Lots of competition for those few seats means low pay for you while you "pay your dues".
These days, if one of my kids decided they wanted to fly, I'd have them let the military teach them and then save every nickel they can so that if they want to get out and fly commercially, they wouldn't starve while doing their inevitable puddle jumping.
Fedex or UPS pilot would be awesome. No pax to deal with and great pay.Comment
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senior guys on the BIG planes make even more than that, but it takes a while to get up there. Watched a thing on the airline industry a few months ago on TLC or NEtGEO or some thing. Anyway there were a ton of Pilots and other flight crew living in 5th wheels Travel trailers and campers at the san dieago airport down by the general aviation hangers on spots leased from the airport from 200 a month. And these were not the 50k RV either, these were the old ones that were well used. Because they were not making enough money to live in a house and had lost nearly every thing. was really sad but they loved to fly and gave up a lot to continue to do it.The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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I've read through bill-cliffnotes and I am a little confused...
Federal Reserve is now in charge of US Government hand-outs with approval of Exec. branch? While congress no longer has to hold hearings and committees on economy? I am lost, because it does seem to be deregulation, but saturates a whole lot of power at the bank that prints our cash and gives us loans. Am I reading it right or are there other details?
If what I understood is correct, then I kind of agree with this law. I'd rather have full-time economists at Federal Reserve decide, where money goes. In the last 2 years of watching congress hearings on c-span, I've been astonished, how mentally retarded our congressmen are. People elected into those seats have absolutely no grasp on reality or any basic understanding of money.
The only thing that I find alarming, is that Obama has passed a law to further take power away from minority groups represented in congress. I hope O-man enjoys this, because this victory will be bittersweet when republican takes Oval Office back.Comment
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Yeah thats the gist of it, The fed is a private bank, NOT A GOVT HELD INSTITUTION, ou dont see a problem with letting a private bank have broad power over its rivals? That lets it take over any private institution that it deems could cause economic harm???? Under very broad and vague terms. Last time I checked Hugo Chavezs runs Venezuela not the USA, but we now have something simialr.
Most of the people on the hill are lawyers, they have good idea about money. Then Congerss No longer has to approve of the spending and or the take over, they have just given the Executive branch the power to take over run and or bail out private enterprise ON A FUCKING WHIM NO OVER SIGHT NOTHING JUST A FUCKING FART IN THE WIND!!!!!!! YOU DONT SEE SOMETHING WRONG WITH THIS????????????Originally posted by Aptyp
He dose not give 2 shits about any of us, minority or not, we are the little people that need to be controlled and are too stupid to know what is best for us.Originally posted by AptypThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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They dont answer to the govt at all (other than the prez gets to appoint the Chairman which is to give it the trapping s of govt over sight and make it seem like its a govt agency). You see that bank cartel Loans money to the US federal govt at interest. SO for every dollar in circulation the Govt is making interest payments to that banking cartel on it. Welcome to the wonders of the Fiat Currency, and you have the Wilson Administration to thankThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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They are not even required to state whom the Board of Directors are.Comment
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dont really know but dont think so, the Fed is pretty secretive organizationThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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