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DennisM1045

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Barney Frank and the end of Capitalism in the US
Feb 4^th, 2009 at 9:56pm

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I don't post much on the political front but this just scares the crap out of me. I mean it's one thing to control the expenditure of public $$$ given to bail out a private company. They agreed to take it, we should have a say in how it gets spent.

But this is just completely round the bend. Federally mandated pay limits for all companies? Come on. Your worth to a company should be based on a free market. Not the federal government.

Socialism here we come.

-Dennis-

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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #1 - Feb 4^th, 2009 at 10:37pm As long as we let them, that's where we're headed. I hope I live long enough to see the second American Revolution.
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DennisM1045 CH.com Alumnus Offline One wave at a time! Posts: 3437 Haverhill, Massachusetts, USA Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #2 - Feb 4^th, 2009 at 10:49pm Brew wrote on Feb 4^th, 2009 at 10:37pm: I hope I live long enough to see the second American Revolution. I'm afraid that this is exactly what it's going to take to stop this crazy train. -Dennis-
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Brew

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Re: Barney Frank and the end of Capitalism in the US
Reply #3 - Feb 4^th, 2009 at 10:54pm

I've gotten to the point where it's mostly amusement for me. America has rolled over. Our founding fathers went to war against the king over a miniscule increase in taxes.

I now focus on the things that mean the most to me, pass those values on to the next generation, practice my marksmanship, and keep my powder dry.

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"I have been asked if I have changed in these past 25 years. No, I am the same. Only more so." --Ayn Rand

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monty

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Re: Barney Frank and the end of Capitalism in the US
Reply #4 - Feb 4^th, 2009 at 11:18pm

Quote:

Treasury Secretary Timothy Geithner said last month that he might try to extend to all U.S. companies a restriction that prohibits bailout banks from taking a tax deduction of more than $500,000 in pay for each executive.

Oh noes!! Companies may lose tax deductions (government subsidies) for paying their CEOs anything above half a million ... if we don't defend such excesses, capitalism as we know it is doomed!! What is next? Limiting the number of yachts each person can write off as a legitimate entertaining expense? Will Uncle Sam no longer pay 1/3 of the cost of $1400 per plate meals used to 'develop business'?? No more getting a write off for spending 1.2 million to redecorate an office, complete with a $68,000 credenza? Woe upon us all.

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« Last Edit: Feb 4^th, 2009 at 11:25pm by monty »

The outer boundary of what we currently believe is feasible is far short of what we actually must do.

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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #5 - Feb 4^th, 2009 at 11:23pm What a great country. We're both entitled to our opinions.
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monty CH.com Hall of Famer Offline Posts: 1056 The Swamp, Florida	Re: Barney Frank and the end of Capitalism in the US Reply #6 - Feb 4^th, 2009 at 11:34pm Yes, and talk radio is entitled to (mis)translate a proposed change in tax deductions into a Soviet styled ban on capitalism. Freedom of speech must allow for exaggeration, hyperbole, and hysteria.
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Artonio

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I Love

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Re: Barney Frank and the end of Capitalism in the US
Reply #7 - Feb 4^th, 2009 at 11:37pm

It's all good kids... not to worry... the evil plan is unfolding according to schedule...

soon the USA will be officially dubbed Ultimate Sovereign Amusements.

The powers that be wanted to shift this country into a service oriented society... and we've worked very hard to get Casino's in every state. Let's just call it like it is... and turn the whole country into a giant resort for every other country to enjoy.

Then... we can all enjoy the same wage... live off the benevolence of the CEO's of Amusements Inc..

Naturally there will be a huge admission fee and everyone will have to sign a release upon admittance.

hmmmm... just a thought.

with warm regards,
Tony

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For in our hands lies the ability to shape our world for good or for ill. President Barack Obama

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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #8 - Feb 5^th, 2009 at 7:21am Tony - That sounds better than any solution proposed so far in my adult life. Where do I sign?
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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #9 - Feb 5^th, 2009 at 7:44am Brew wrote on Feb 4^th, 2009 at 11:23pm: What a great country. We're both entitled to our opinions. Allow me to amend that. I get the feeling that it won't be long before I won't be entitled to mine.
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zwibbs-Scott CH.com Hall of Famer Offline Stay Strong !!! Posts: 2296 x1\|New Rochelle\|USA\|usa\|501\|104\|NY,New_York Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #10 - Feb 5^th, 2009 at 7:58am Socialism--plain and simple. That is where we're headed. Americans can't say they weren't aware.
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Bob P CH.com Hall of Famer Offline Shut up Bob! Posts: 4573 Clio,California Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #11 - Feb 5^th, 2009 at 10:00am WOW!!! Now this is just downright frightening! Federally mandated salary limits. There's an incentive measure for ya!
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BMoneeTheMoneeMan

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Re: Barney Frank and the end of Capitalism in the US
Reply #12 - Feb 5^th, 2009 at 10:51am

I agree. All those bankers and all those automaker employees should go fuck themself. THe entire airline industry and aircraft manufacturers can go fuck themself too.

Those companies who can remain in business will remain. Those companies who are bankrupt and need tax money to survive can close. Granted, this will probably mean millions and millions of more unemployed people, but that's capitalism.

If US companies can't remain in business, we'll have to depend on other countries for our stuff. That's capitalism.

The god damn socialists want to change this country and change the principals that this country was built on.

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"Fool me once, shame on, shame on you. Fool - can't get fooled again"&&&&&&Think of how stupid the average person is, and then realize half the population is stupider than that.&&&&

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Potter CH.com Alumnus Offline Team MOOSE DROOL Stinky Stuff on a Hook Prostaff Posts: 3600 Blgs.Mt. Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #13 - Feb 5^th, 2009 at 11:02am $87.50 fart tax per cow. I make about $60-80 a cow. I'm seriously done son. Where is the food gonna come from? pissed on Potter
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Bob P CH.com Hall of Famer Offline Shut up Bob! Posts: 4573 Clio,California Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #14 - Feb 5^th, 2009 at 11:07am That's right. That's what's made this Country excel for so many years. Perform or fail. Incentive to excel. Now we're moving toward everyone slacking off and going on the Government handout programs. At least other countries will have a large pool of US Executives to hire away.
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Charlie

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Re: Barney Frank and the end of Capitalism in the US
Reply #15 - Feb 5^th, 2009 at 11:14am

Of course if you confine your reading to only sources of "news" that make you squirm in your pulled up bootstraps; you'll buy into idiocy dispensed by radio screechers and such thoughtful bloggers. Ooooh: Scary stuff.

It applies to TARP-like systems and newer federal bailout receivers that are incredibly tone deaf like Wells-Fargo yesterday. Somewhere along the line it has to stop. These guys are unpatriotic.

Nothing says you have to take federal money. A perfect example of capitlaism. You want no government interference? Fine. Your geniuses that got us here in the first place, are welcome to show the way.

Charlie

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Brew

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Re: Barney Frank and the end of Capitalism in the US
Reply #16 - Feb 5^th, 2009 at 11:22am

BMoneeTheMoneeMan wrote on Feb 5^th, 2009 at 10:51am:

I agree. All those bankers and all those automaker employees should go fuck themself. THe entire airline industry and aircraft manufacturers can go fuck themself too.

Those companies who can remain in business will remain. Those companies who are bankrupt and need tax money to survive can close. Granted, this will probably mean millions and millions of more unemployed people, but that's capitalism.

If US companies can't remain in business, we'll have to depend on other countries for our stuff. That's capitalism.

The god damn socialists want to change this country and change the principals that this country was built on.

Wow.

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"I have been asked if I have changed in these past 25 years. No, I am the same. Only more so." --Ayn Rand

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Kevin_M CH.com Sponsor Offline withered branches grow green again. Posts: 8754 Michigan, USA Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #17 - Feb 5^th, 2009 at 11:33am Hey, welcome back again, B$.
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DennisM1045

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One wave at a time!

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Re: Barney Frank and the end of Capitalism in the US
Reply #18 - Feb 5^th, 2009 at 1:06pm

Charlie wrote on Feb 5^th, 2009 at 11:14am:

It applies to TARP-like systems and newer federal bailout receivers that are incredibly tone deaf like Wells-Fargo yesterday. Somewhere along the line it has to stop. These guys are unpatriotic.

Nothing says you have to take federal money. A perfect example of capitlaism. You want no government interference? Fine. Your geniuses that got us here in the first place, are welcome to show the way.

Charlie

Charlie, they are not just talking about those companies taking federal $$$. They are looking to put limits on executive salary for all US companies.

Today they are just asking for a tax change. However I think it communicates the Socialist intent of the new administration very clearly. We're talking about the redistribution of wealth through the federalization of US compensation structure. That is the Holy Grail.

-Dennis-

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Where there is life, there is hope.
Where there is Oxygen, you must use proper caution.
So be safe, don't smoke while using O2. Kill the pain and not yourself.

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Bob P CH.com Hall of Famer Offline Shut up Bob! Posts: 4573 Clio,California Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #19 - Feb 5^th, 2009 at 1:17pm Especially ironic to hear it from the guy who was in bed with Fannie, or in his case Freddie, and helped lead us to the sub-prime housing disaster!
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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #20 - Feb 5^th, 2009 at 1:32pm Bob P wrote on Feb 5^th, 2009 at 1:17pm: Especially ironic to hear it from the guy who was in bed with Fannie, or in his case Freddie, and helped lead us to the sub-prime housing disaster! You say "ironic," I say "treasonous." Let's call the whole thing off.
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Kevin_M CH.com Sponsor Offline withered branches grow green again. Posts: 8754 Michigan, USA Gender:	Re: Barney Frank and the end of Capitalism in the US Reply #21 - Feb 5^th, 2009 at 2:34pm Writer's cramp is I guess old fashioned, but we may need to sticky tips for carpal tunnel to cover the next eight years.
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BMoneeTheMoneeMan CH.com Alumnus Offline In remembrance of KingCazman. RIP Posts: 2674 Portland, OR	Re: Barney Frank and the end of Capitalism in the US Reply #22 - Feb 5^th, 2009 at 3:13pm Brew wrote on Feb 5^th, 2009 at 11:22am: Wow. What?
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Brew CH.com Sponsor CH.com Alumnus Offline Posts: 14163	Re: Barney Frank and the end of Capitalism in the US Reply #23 - Feb 5^th, 2009 at 3:20pm BMoneeTheMoneeMan wrote on Feb 5^th, 2009 at 3:13pm: Brew wrote on Feb 5^th, 2009 at 11:22am: Wow. What? Nothin'. Just wow. Sometimes it's really difficult to tell when you're being sarcastic. Like now. Nice to see you back, though, my friend.
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BMoneeTheMoneeMan

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In remembrance of KingCazman.
RIP

Posts: 2674
Portland, OR

Re: Barney Frank and the end of Capitalism in the US
Reply #24 - Feb 5^th, 2009 at 3:56pm

I'm not being sarcastic. I do not think corporate America should be bailed out with the exception of catastrophic events such as 9/11. I can agree with lending money to airlines in 2002 due to the event.
I can not agree with giving money to corporations that only planned for perfect economic conditions. The Big 3 cant turn a profit even though they sell millions of units. Banks and commercial banks got blown up due to bad business decisions. I can not agree with reaching in to my (empty) pocket to bail them out. I am a capitalist, and therefore take the good times with the bad times. I am not a fair weather capitalist, meaning I only like capitalism in good times and believe in government safety nets in bad times. Government safety nets for corporations are not capitalism.

So, if the government is going to volunteer MY hard earned money, I think its only fair for ME to set limits on how they can spend the money.

Plus, it seems bass-ackwards that I drive used cars and eat ground beef while I am paying the executives that failed at their jobs to eat caviar in limosines.

We've been listing SOOOO heavily, that just being upright seems like crazy talk. People have lost sight.

Good to see you too, Bro.

Wink

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"Fool me once, shame on, shame on you. Fool - can't get fooled again"&&&&&&Think of how stupid the average person is, and then realize half the population is stupider than that.&&&&

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