Colt going out of business?

[Just Jim]

I paid union wages to contractors all the time...and I paid my bartenders over minimum wage. That is not an argument in your favor. That is just a diversion from the fact that not one thing in our economy supports the idea that people being paid too much is effecting business growth...nor that it is even happening. We have one of the lowest paid workforces of any industrialized nation.

How can that be, we have had the Messiah in office for six years

 

[dobeman]

re: unions and contracts - I'm no expert and haven't ever stayed at a Holiday Inn (well, maybe I have) - I would think it's the commitment of pensions and funding those that is an anchor around some corporations and governments more so than paying more per hour for labor.

 

[Just Jim]

All clap trap regurgitated from nonsense sources. Cite some economic data that indicates the pay rates in the US contribute to decline in sales, production, or longevity of a business. You won't find any. All you will find is multi-billion dollar corporations claiming they are going under because of workers wages when in reality the wages the pay their workers seldom even equals the bonuses and stock payouts they give. Like when the people that make Twinkies tried to blame wages on their collapse...then it turns out the wages had nothing to do with it. it was pure mismanagement and corporate greed. The CEO used the company as a piggy bank.

You seem to know alot about twinkies So you seem to think that higher pay for union members is better for the nation? How has that worked out in our schools and with government union? You say you want proof well Oregon is 46 in the nation in school graduation, what good did all the money they get help our kids?

Construction union workers have to earn their keep or run out of work. Public unions are thieves that can't even be fired for letting our veterans die on waiting list while the union members watch porn on government computors.

 

[PlayboyPenguin]

You seem to know alot about twinkies So you seem to think that higher pay for union members is better for the nation? How has that worked out in our schools and with government union? You say you want proof well Oregon is 46 in the nation in school graduation, what good did all the money they get help our kids?

Construction union workers have to earn their keep or run out of work. Public unions are thieves that can't even be fired for letting our veterans die on waiting list while the union members watch porn on government computors.

You do realize that the graduation rate has NOTHING to do with quality of education, right? In fact, one of the main reasons that number is low is because of the number of transient and low income students that have to leave school to work. That does NOT support your claims that people are making too much money. It detracts from it.

 

[PlayboyPenguin]

Penguin, I respectfully disagree with you regarding unions, but damn those are perty! And you know how to take really nice pictures.

It helps to have pretty subjects.

 

[Doc In UPlace]

How can that be, we have had the Messiah in office for six years

There isn't any Messiah, and there ain't no Santa Claus comin' on the evenin' stage, neither. Just sayin' hyperbole is a poor excuse for facts.

Now I have some Tanqueray needing to be consumed...

 

[Just Jim]

You do realize that the graduation rate has NOTHING to do with quality of education, right? In fact, one of the main reasons that number is low is because of the number of transient and low income students that have to leave school to work. That does NOT support your claims that people are making too much money. It detracts from it.

Yep one of the excuses they give. Excuses take away from the bigger picture, ask yourself "what is different?". My days we had no money and I had to work in high school but still graduated. All my friends had to work to but we had a huge graduating class. What is different from my day and today?

You seem to think it's the people that create jobs that are the problem like Colt. I bet you were for increasing the minimum wage. Yep it cost a lot to live now days yet do you ever hear government needs to do with less. 17 trillion in spending and the economy still sucks, that is why Colt is going under. Government is taking too much from us, that is why the middle class is broke.

Give everyone $15 an hour minimum wage and who benefits most? Yep the tax collectors

 

[PlayboyPenguin]

Yep one of the excuses they give. Excuses take away from the bigger picture, ask yourself "what is different?". My days we had no money and I had to work in high school but still graduated. All my friends had to work to but we had a huge graduating class. What is different from my day and today?

You seem to think it's the people that create jobs that are the problem like Colt. I bet you were for increasing the minimum wage. Yep it cost a lot to live now days yet do you ever hear government needs to do with less. 17 trillion in spending and the economy still sucks, that is why Colt is going under. Government is taking too much from us, that is why the middle class is broke.

Give everyone $15 an hour minimum wage and who benefits most? Yep the tax collectors

In your day, people were paid a much better wage than they are today. A family could survive on a single paycheck. Sadly those days are over. Wages have not kept up with inflation. Corporate profits have outpaced inflation...so once again you destroy your own hypothesis.

 

[dobeman]

In your day, people were paid a much better wage than they are today. A family could survive on a single paycheck. Sadly those days are over. Wages have not kept up with inflation. Corporate profits have outpaced inflation...so once again you destroy your own hypothesis.

and the dollar wasn't being inflated to oblivion either... people's dollars had more purchasing power. I'm too lazy and google-fu is weak, but I think data shows the dollar's purchasing power plummeting especially after Nixon abandoned the gold standard. Pretty much gave fed reserve free reign to create money out of thin air. Whole 'nuther argument and certainly not what this thread is about.

 

[Just Jim]

In your day, people were paid a much better wage than they are today. A family could survive on a single paycheck. Sadly those days are over. Wages have not kept up with inflation. Corporate profits have outpaced inflation...so once again you destroy your own hypothesis.

Who creates inflation and why do they do it? Who benefits the most from inflation?

Yep we were cutting a fat hog making $1.25 an hr minimum wage in my day. We did good because taxes were less and goods were cheaper. Government controls inflation hoping for 2% growth. Add that up compounded for the next 30 years of your life, think you can retire?

 

[Just Jim]

and the dollar wasn't being inflated to oblivion either... people's dollars had more purchasing power. I'm too lazy and google-fu is weak, but I think data shows the dollar's purchasing power plummeting especially after Nixon abandoned the gold standard. Pretty much gave fed reserve free reign to create money out of thin air. Whole 'nuther argument and certainly not what this thread is about.

That's right the dollar buys a lot less today and it doesn't take Google to know that When I made $1.25 an hr I could buy 5 gallons of gasoline with it and have money left over.

Corporations have to make more money today to pay higher taxes, we have the highest tax rates in the world. They could hire more people and pay higher wages in the government wasn't taxing them out of business.

 

[PlayboyPenguin]

and the dollar wasn't being inflated to oblivion either... people's dollars had more purchasing power. I'm too lazy and google-fu is weak, but I think data shows the dollar's purchasing power plummeting especially after Nixon abandoned the gold standard. Pretty much gave fed reserve free reign to create money out of thin air. Whole 'nuther argument and certainly not what this thread is about.

Inflation is taken into account when figuring the movement of wages and profits. Wages have not kept up with inflation. Profits have soared way beyond.

 

[PlayboyPenguin]

That's right the dollar buys a lot less today and it doesn't take Google to know that When I made $1.25 an hr I could buy 5 gallons of gasoline with it and have money left over.

Corporations have to make more money today to pay higher taxes, we have the highest tax rates in the world. They could hire more people and pay higher wages in the government wasn't taxing them out of business.

Inflation is taken into account when figuring the movement of wages and profits. Wages have not kept up with inflation. Profits have soared way beyond. Once again, you do not support your own argument.

 

[dobeman]

'reported' inflation. To me, I go by the definition that inflation is the inflation of the money supply. Reported inflation can be manipulated to be anything. Over the years, the calculation of inflation has indeed changed - removing volatile things from the equation. But yes - what people are demanding is give me more devalued dollars for my labor, so I can keep treading water, so I can live paycheck to paycheck. That's the difference in labor (middle class) and the rich. The rich know to transfer devaluing dollars to things that hold their value. 'Labor' just wants to be able to pay their rent, keep their 30G family data plans at $200/mo, their BMW leases and still be able to go out and eat everyday. I am salaried - I haven't gotten a true pay raise in many many years. The 2% a year raise I might get certainly doesn't cover my real increases in cost of living. What labor should demand is to be paid in something that holds value so they can actually put some away for their futures.

 

[PlayboyPenguin]

'reported' inflation. To me, I go by the definition that inflation is the inflation of the money supply. Reported inflation can be manipulated to be anything. Over the years, the calculation of inflation has indeed changed - removing volatile things from the equation. But yes - what people are demanding is give me more devalued dollars for my labor, so I can keep treading water, so I can live paycheck to paycheck. That's the difference in labor (middle class) and the rich. The rich know to transfer devaluing dollars to things that hold their value. 'Labor' just wants to be able to pay their rent, keep their 30G family data plans at $200/mo, their BMW leases and still be able to go out and eat everyday. I am salaried - I haven't gotten a true pay raise in many many years. The 2% a year raise I might get certainly doesn't cover my real increases in cost of living. What labor should demand is to be paid in something that holds value so they can actually put some away for their futures.

In other words, you ignore the facts in favor of your own preconceptions and suspicions.

 

[Just Jim]

Inflation is taken into account when figuring the movement of wages and profits. Wages have not kept up with inflation. Profits have soared way beyond.

Taxes have soared Notice government wants higher wages so they can collect more taxes. $15.00 an hr is just liveable but two people married filling joint returns will pay taxes on $60,000 a year if allowed to work a 40 hr week. Watch how much your healthcare goes up this year, those cost kill any wage increase you will get. Who is getting your healthcare tax money? Is your healthcare tax included in inflation figures done by the government?

 

[Just Jim]

Inflation is taken into account when figuring the movement of wages and profits. Wages have not kept up with inflation. Profits have soared way beyond. Once again, you do not support your own argument.

I know facts don't matter to you, they never will.

 

[dobeman]

In other words, you ignore the facts in favor of your own preconceptions and suspicions.

well no.. and I am no Keynesian. And I take it you believe inflation is what the Fed tells you it is. I just had to adjust my home budget upward - again. And we don't have a lot of fat in our monthly budget.

 

[Kruel J]

I've never owned a Colt. My father owned one of their series 80 1911's but sold it due to being a jam-master. I hate to see any firearm manufacturer go under. I hope they get some funding from a private investor.

 

[Just Jim]

I've never owned a Colt. My father owned one of their series 80 1911's but sold it due to being a jam-master. I hate to see any firearm manufacturer go under. I hope they get some funding from a private investor.

Well maybe the Chinese will make them better, ever production job is headed that way.