Why I think something needs to be done

I do read the fine print on everything ,...And What I said is that having stuff in fine print in my book is bad business....

The reason why they have it fine print is so the do not have to be loud about how there going to screw you in the end..Because if it was all in big letters then people would thing twice now wouldn't they

 

One big difference between now and every other recession, or depression we have recovered from, is we built and manufactured our way out. People slowly earned money and bought goods, which put people to work making those goods. This snowballed into a recovery, as more goods sold meant more jobs created, and the cycle went on.

That was the basic thinking as to how to end the Great Depression. The government people put people to work on many projects. The money they made was spent on goods and put others to work manufacturing those goods.

We have sold our soul so that CEO's can make huge salaries and inflate the stock prices, so as to exercise their stock options and retire ultra rich. Presidents want low inflation, so we import goods cheaper than we can make them. This pyramid scheme works for a while. It's OK even when the crap hits the fan, as long as you are at the top of the pyramid.

The truth is hard for many to admit, but the best thing for our country in the long run is to pay a little more for our goods, for CEO's to make less money, and stocks trade at lower multiples. Jobs would plentiful and pay decent wages, not outrageous, but decent. We don't look at the long haul, just how much can I make right now.

 

So it is the CEO's fault now....

 

Like for an Example does ENRON ring a bell...LOL

 

ENRON's employees deserved what they got from their own greed. Yes their own greed and foolishness. Why would anyone ever take a 401K plan that concentrates more than 20% of company shares to the plan. Not every corp can become Microsoft which btw, boasts the most employee millionaires of any corporation in existence.

That being said, if you have a 401K plan, do your homework and don't take the word of your employer and certainly don't overexpose your plan with company stock no matter how high it trades at the moment.

It's about diversification and steady growth.


There is no such thing as getting rich overnight unless you won the Lottery (fat chance) or you have picts of Bill Clinton with a showgirl.

 

It was not the employees fault.. It was the greedy Executives...Study the whole case please

 

Please re-read Ron-Marrs's post......... And try to comprehend the word " diversification " ......

 

No read what he said..ENRON Employees got the shaft from there Top Executives...

The reason I followed the case is because those Exicutives were Bush's buddy's...

 

Enron's employees deserved what they got as much as you deserve to be paying over $4 a gallon for fuel.