Reply to thread

Message

<blockquote data-quote="Ponyroper" data-source="post: 202468" data-attributes="member: 423">You sir seem to be one of the few people on this site that understands how tangled together the worlds economies have become and how little our president can do to change that.&nbsp; As of right now he has done virtually nothing to affect our economy.&nbsp; He points to the stock market rise but that is not economic activity, it is simply a change in value of an asset and unless the stock owner sells the stock and spends the money here is no stimulation to the economy.&nbsp; It's the same thing as if gst's land value goes up $100 an acre.&nbsp; On paper gst is wealthier but he does not have any more money to spend.&nbsp; If the stock market goes back down all that wealth is gone again.&nbsp; The bonuses Wells Fargo and Walmart tossed to a few of their employee are teasers that are all PR and paybacks to politicians for voting for the big corporate tax cuts.&nbsp; Do a little research and you will find out these bonuses are mostly smoke and mirrors.&nbsp; Wells Fargo made a big deal out of raising their minimum wage to $15 an hour but people don't realize that only a small number of employees working for Wells Fargo actually start out making less than $15 an hour.&nbsp; Walmart's $1000 bonus is another sham.&nbsp; Only employees who have been with Walmart at least 20 years qualify for the $1000 bonus.&nbsp; How many people other than a few executives keep working at Walmart for 20 years.&nbsp; Even if the tax cuts and deregulation stimulate our economy it will be at best a break even situation and the monster deficit will again be kicked down the road to another generation.&nbsp; That $1100 tax windfall you get next year will be coming out of you kids pockets.</blockquote>

[QUOTE="Ponyroper, post: 202468, member: 423"] You sir seem to be one of the few people on this site that understands how tangled together the worlds economies have become and how little our president can do to change that. As of right now he has done virtually nothing to affect our economy. He points to the stock market rise but that is not economic activity, it is simply a change in value of an asset and unless the stock owner sells the stock and spends the money here is no stimulation to the economy. It's the same thing as if gst's land value goes up $100 an acre. On paper gst is wealthier but he does not have any more money to spend. If the stock market goes back down all that wealth is gone again. The bonuses Wells Fargo and Walmart tossed to a few of their employee are teasers that are all PR and paybacks to politicians for voting for the big corporate tax cuts. Do a little research and you will find out these bonuses are mostly smoke and mirrors. Wells Fargo made a big deal out of raising their minimum wage to $15 an hour but people don't realize that only a small number of employees working for Wells Fargo actually start out making less than $15 an hour. Walmart's $1000 bonus is another sham. Only employees who have been with Walmart [B]at least 20 years[/B] qualify for the $1000 bonus. How many people other than a few executives keep working at Walmart for 20 years. Even if the tax cuts and deregulation stimulate our economy it will be at best a break even situation and the monster deficit will again be kicked down the road to another generation. That $1100 tax windfall you get next year will be coming out of you kids pockets. [/QUOTE]

Verification

What is the most common fish caught on this site?

Reply to thread

Recent Posts

Friends of NDA