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GusMcRae

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Posts posted by GusMcRae

  1. Their D looked OK after the 1st qtr. Some easy scores against the young kids made this appear to be smething it was not. I honestly thought that LCA might score 85-90 points (and could have), but cleared the bench. Williamsburg put in some clean shirts with about 1:44 left to play.

     

    I think they could have named their score had they wanted too...

  2. When and why should the government go into the private sector? I have real issues with this question. Under what authority does the government do such a thing? Is bailing out the big three a responsibile thing to do? Where in the constitution everyone is entitled to a house, a car, or even a job? Would you do this with your own child?

     

    For those that said yes, let us say your child ran up a credit card debt, you love them so you paid it off, only to see your child run up another credit card debt, you love them so on and so forth, now you have created more of a dependent on you. So what is the point, love sometimes has to be tough!

    Please understand, I know that I sound heartless, but it is the exact opposite, we are a great people that once pushed in a cornor we will come out and fight, not have someone else (the government) to come and fight for us!

     

    If we don't get back to this train of thought, apathy will set in, then destruction. Getting back to that thought though will be difficult, someone said that 13 million jobs could be lost, a sacrifice, but if they are worth thier mustard and God is with them (which He said He will be with us always) they will bounce back!

     

    While I agree with what your saying in principal...its just not that simplistic. You would be looking at a snowball that "could" be catastrophic. Remember, this isnt just the "Big 3" that everyone is concerned or even that worried about. Its the 10million jobs that are tied to them. Many of these are fundamentally (no pun:lol:) sound companies who have been doing business with Detroit for many many years. And its the many small towns that have been dependent on these companies for many many years. Without "those" companies many of the communities are in big trouble.

     

    As I said earlier...I think there must be (seems its already done) some kind of bailout. But there has to be many things tied to the $$$.

  3. Large companies going bankrupt tend to have a snowball effect. Company A files bankruptcy, lays off many employees, cuts orders from vendors. Companies B, C, D and E file bankruptcy because Company A is a major customer and has cut their sales dramatically. Companies B, C, D and E lay off many employees. Companies G, H, I, J, K, L and M have financial difficulties because former emplolyees of Companies A-E have curtailed spending and no longer eat at their restaurants or buy from their stores. Employees at Companies N-Z see their pay raises disappear and may have to give pay concessions due to the number of unemployed people available willing to do their job for less.

     

    And so on.

     

    This is the best response yet...

     

    I am a capitalist and believe in free markets...but I was listening to a show the other night that said as many as 30 million jobs are tied to the domestic auto industry.

    For the most part the Big 3 are just assemblers. Most of their parts and what not are purchased from suppliers...many domestically. If they file for Ch. 11 protection then many of those suppliers acct rec will be washed off the books. This could single handedly become a domino effect for the economy as a whole.

     

    Also, keep in mind that GM is the largest purchaser of steel in the world. AK is already "temporarily" idle in Ashland. A Big 3 collapse could be devasting for the domestic steel industry which in turn would cause a collapse in our local coal market.

     

    Now I do not believe that the Big 3 should be just given a blank check for bis as usual...but there is NO way that we can just let them go into bankruptcy.

  4. True story as related to the KY min wage increase. Now understand this is a small business with the majority of the workers part time or second job workers. This specific business has approx 25-28 workers. That includes people who are contract laborers. The income level of all workers varies quite a bit. When the second round came it pushed up our min wage workers to a level that was closer to some of our other part-time (although more long term) workers. At that point a group of them got together to "demand" that they be given an equal raise to what the min wage workers were given. There were about 12 of them. As a matter of fact they threatened to sue...lol...if not given a raise. So we eliminated 5 of the workers, gave two a raise, and told the other five we would/could replace them. Since that time we have given most of those a small raise too. Long story short we eliminated 5 positions to get our costs down and required the remaining workers to make up the slack.

    Our tax revenue to the state actually decreased!!!

  5. This is comical if true. I can tell you this...some of my small business' laid employees off when the min wage was raised in KY. These business' have very small margins and 20% over a couple of years added to the bottom line was brutal. I can guarantee this...if this passes...I will be forced to shut down 3 business' which employ about 35 people. Granted most of them are part-time or second job workers, but the business' wouldnt be able to survive.

  6. The reason Liddy was saying those things is because they had no right to invade that compound. Let me be more specific. They said they had heard there was inappropriate interactions going on between minors and adults at the compound. However, it was later revealed from an ATF agent that they raided because they were stockpyling weapons.

     

    The raid was illegal just as the raid at Ruby Ridge was...

     

    On top of that Bo Gritz told the ATF first hand he was/is/and will continue to stockpyle weapons at his compound...why hasnt the ATF raided his compound???

  7. I have posted in many other threads about this. This is the key issue of today...and tomorrow.

    This country needs a "comprehensive" energy policy using as much of the resources we have domestically. But...people need to understand that we arent in a energy crisis...we are in a liquid fuels crisis.

    The solution is simple...we need to use all of our domestic resources to create diesel fuels. This can be done with Natural gas, Coal, and bio-products. All of these can be used in a gasifier and a fischer-tropps (or like unit) to produce the fuels. This incorporates biofuels into the equation (which is not ethanol). Diesel fuel is the first and easiest stream created. The first thing to do is use the fuel on all fleets. Second is to convert airlines and air travel over to the synthetic jet fuel. While the country is making this conversion the auto plants can gear up to start producing more diesel engined cars. BTW, diesel engines burn cleaner and are more efficient.

  8. Not an economic genius here, but if the cuts are supposed to build jobs, and you say that it takes time, how do you explain all the numbers of job losses with the same cuts?

     

    Honestly, I think its other factors than have eliminated those. For one, energy costs (of which I dispise Bush for not doing more). Many of our companies that burn large amounts of fuel were crippled of the last two years. And then the trickle down effect the housing bubble has caused on the market as a whole.

     

    Every time in our countries history that there was a significant tax cut our economy grew.

     

    Once again, you will never here me defend most of the things that Bush has done...As a matter of fact I hate them...but I will once again say that the one thing he did do right was his tax policy.

  9. The subject was "job creation"...and that the tax cuts didnt help. That its way too early to understand that impact. And its not the impact of 1 or 2 yrs of tax cuts...but the cumulative effect over many years. And you are wrong about economists...Economic policies take time to work. I have started about 9 different business' since 2000. I can tell you that ANY extra money that I get I reinvest back to help those companies grow. When my companies grow...I hire new workers! But believe it or not...it takes time for them to grow.

     

    FTR...I do not support many of the economic policy's Bush has had over the eight years. But i do support his tax policies. As a matter of fact I think taxes should be cut again.

  10. I keep reading variations of this same basic argument on here in criticisms of Obama's tax plan, but the facts just don't support it. The Bush tax cuts of 2001 and 2003 heavily benefitted the super rich (i.e. top 1% of income earners). However, job creation during Bush's presidency has lagged far behind the cumulative total during the same time period of the Clinton administration (see graph below, and official Bureau of Labor Statistics data here). So even with much lower taxes for the super wealthy, job creation during Bush's time in office has been about 1/4 of what it was when the rich were being "soaked" before the Bush tax cuts. How do you square that major league disconnect with your claim that taxing the rich kills jobs? A similar comparison could be made showing how real wages have stagnated since the Bush tax cuts took effect as compared to previous periods under higher tax rates for the wealthy. And the economic data does not show that the tax cuts have helped the overall economy (GDP growth rate has been lower since the tax cuts than during any comparable period in the 1990s). The tax cuts (coupled with reckless spending) also exploded the deficit and national debt to record levels...

     

    Because it doesnt work that way...lets see if those tax cuts create jobs in 8-10 yrs. It takes time to grow business' from when the seed is planted. They dont just sprout up jobs over night. The national debt has exploded for other reasons...not because of the tax cuts. Reckless spending (Yes by Bush), 2 wars fought, 911, recession of '01, etc!

  11. Its so widespread that they will never get their hands around the enormity of it....there is over a million and a half more people registered to vote in Ohio than in 2004. Last week alone, Slim Pickens, Mary Poppins, and Jive Turkey all registered for early vote in Ohio. The entire Dallas Cowboys offense and Peyton Manning registered to vote in Nevada.

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