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In a Congress of millionaires, Republican Anh Cao voted for poor New Orleans {Daily Finance}
Nov 9th 2009 1:50PM I suggest you people actually read the Health Care Bill that was passed. It clearly states in no uncertain terms "Everyone will be REQUIRED to pay for their health care coverage".
Hello, anyone home? REQUIRED_____That means that if you are working for $8.00 per hour and cannot even afford to pay your rent or put food on your table___you will be REQUIRED to pay for your health care plan costs. And unfortunately the Bill passed by Congress does not even state HOW MUCH you will be REQUIRED to pay___instead it merely states everyone will be "Required" to pay for health care coverage..
Boeing's move to South Carolina cuts 787's costs, but risks labor turbulence {Daily Finance}
Nov 9th 2009 1:31PM Boeing is risking far more than Labor Unrest. Boeing is risking permanently destroying their reputation and bankrupting the company. The executives running Boeing are penny wise and pound foolish. The avoidable strike cost them $2 Billion dollars, probably 5 times more than agreeing to the wage demands would have cost. Now they are spending another fortune again to lower their per hour labor costs. $750 million being spent on a new SC plant already places Boeing out $750 million for NO production yet.
Defects, delays, design flaws can sink Boeing permanently. They are already 2 years behind and betting the companies future existence on their "Hope" that they can at some point___ in some still unknown future date____ train enough new low wage workers to build aircraft that are free of defects and able to stay airborne. How many orders have these delays cost Boeing so far? How much more will it cost in lost orders before even one new aircraft flaps it's wings and flies??
Companies such as IBM, Boeing, HP, Caterpillar built their reputations upon High Quality, not upon CHEAP. US auto makers lost market share because consumers felt the Import were BETTER made and had less problems and defects, not because the imports were cheaper. Reputation is priceless and once the Boeing reputation is lost they have nothing.
Bank of America's board of directors fights over Lewis' successor {BloggingStocks}
Nov 9th 2009 1:00PM Kicking Ken Lewis out was a HUGE mistake. No company, I repeat NO COMPANY____ that has ever had it's CEO kicked out under these kinds of circumstances has ever benefited.
Blaming Lewis for problems FORCED upon him by the Fed is insane. Blaming Lewis because too many borrowers have lost their jobs and cannot repay their loans and credit card debts to the bank is also insane.
No outsider worth anything will accept the job and I cannot blame them. Why would anyone worth his salt want to work there and be blamed for things that are completely beyond the control of the CEO?
Why the coming natural gas boom isn't all it's 'fracced' up to be {Daily Finance}
Nov 9th 2009 1:56AM Charles Smith wrote the article and he is a writer, who writes for a living. What he writes does not have to be factual as long as he gets his paycheck each week.____________________
The facts are 1) The USA must try to achieve energy independence, rather than give our nation's wealth away to some unsavory governments around the Globe to buy energy from them.
2) New wells drilled using fracturing and horizontal drilling are producing 5 to 10 times more ng per well per day, which more than offsets the increased drilling costs. 3) Newly drilled (fractured and horizontal techniques) wells are not depleting as fast as old wells and they are maintaining high flow rates much longer.. 4) No one really knows how much oil and ng lies beneath our nation's land or territorial waters, simply because most areas have never been explored or drilled before. 5) energy companies are drilling 5,000 to 15,000 feet down in layers of rock and shale and the average water well is only drilled 100 feet deep, which provides a huge buffet between where the drinking water is located and where the fracturing is taking place and water usually flows down, not up on this planet. The only thing we know for sure is that the core of planet Earth has been endlessly burning at temperatures as high as 7,000 degrees for hundreds of millions of years and that is a huge untapped supply of energy down there just 10 to 20 miles below our feet. It is only a matter of time until we learn how to tap the heat generated by the core and use that heat to power our electric power plants.
House Narrowly Passes Historic Health Care Bill {Politics Daily}
Nov 8th 2009 12:03AM You support it? Where does it state in the news article it will be "Affordable" or that it will improve our health care system?? All the article states is that everyone will be "Required" to pay for health care coverage. Thus regardless of how little you earn you will be "REQUIRED" to pay for health Insurance every month of your entire lifetime, just as you are required to pay Social Security taxes.
House Narrowly Passes Historic Health Care Bill {Politics Daily}
Nov 7th 2009 11:49PM If it also passes the US Senate___the Democratic Party will be history in the upcoming elections. The vast majority of American oppose it and they VOTE.
Read the news article again NO FREE rides. It clearly states "The $1.3 trillion-dollar bill would "require" individuals to buy health insurance." Thus even if you work for $8 per hour and you cannot pay your rent or buy food you will be "forced" to pay for health care coverage.
Unemployment rate jumps to 10.2 percent {Daily Finance}
Nov 6th 2009 12:04PM _____________________YOU_______YOU____and YOU_______are the problem.______YOU buy all of the Imported products off the store shelves and YOU put your fellow Americans out of their jobs. It is also YOU who is giving our nation's wealth away to foreign countries when YOU buy Imported products. It is YOU that has to look for the "made in" label on everything you buy. That is not Bush Boys or Obama Boys fault___IT is YOUR fault, because it is YOU who purchase all of that made in China and India etc. toxic and dangerously defective garbage,. Wake up and be Patriotic___But American made only or don't buy anything. If you leave the Imported products on the store shelves, the stores will stop stocking their shelves with them..
Central Banks lead a shift away from the dollar {BloggingStocks}
Nov 6th 2009 7:31AM No one has said "What IF?", instead they keep saying "When". What if the USA economy NEVER recovers? The normal reaction to that proposition is "it alwats recovers". Yet times have changed, conditions have changed and it is no longer the 1920's or 1930's but the 21st Century now that we live within. In yesteryear the USA was a "productive industrial nation". Today we are a nation of Consumers. Consumers who borrow money to consume. It is entirely imposible for more than 50% of our population today to live within their means, because they simply do not have enough income to live. So in order to live they borrow more and more and more. Just as our Fedral Government who cannot live within their means have done since 1970. There will be NO RECOVERY. Not now, not next year and not ever, unless we once again relearn how to become a productive industrial nation that produces more than we consume.
Congress votes to extend jobless benefits, home tax credit {Daily Finance}
Nov 5th 2009 7:35PM How can ALL of you guys posting here all be so freaking dumb? Did you all drop out of the same school?
YOU, YOU and YOU caused this unemployment mess. For it was YOU, YOU and YOU who bought all of the Imported products off the store shelves. They only sell Imported products here because YOU buy them.
You cannot have jobs in the USA when all of you ignorant fools are giving our jobs and our nation's wealth away by buying Imported products. Leave the Imported products alone on the store shelves and you will see how quickly they stop stocking their stores with cheap imported garbage. YOU are the economy. YOU create jobs or YOU give them away___it is YOUR choice. Be Patriotic Buy American.
Fed leaves key interest rate unchanged near record low {Daily Finance}
Nov 5th 2009 9:02AM YOU gave your jobs away and YOU gave our nation's wealth away by your buying Imported products. YOU bought all of the imported products off the store shelves___not Bush, not Obama.
YOU forced the American companies to move production out of the USA because YOU were buying all of the cheapest garbage imported products YOU could find, rather than buy the better made and longer lasting American made products.
