fairmon's comment history

fairmon said...

alprova said...Their attacks will be nothing compared to those of the Republican politicians, who do not want any unions inside this country...period.

I don't believe that republicans prefer no unions but they may not want them to be unrestrained. Some trade unions are good and make a contribution and assure a good skill level. Most, like the UAW, are just barnacles contributing essentially nothing to the entity to which it is attached or to society in general.

Did your employees at the business you tout as super successful due in large part to your management skills have a union? Did it continue being successful and enable you to sell it for a healthy sum or did it cease to exist for other reasons?

August 31, 2014 at 6:31 a.m.
fairmon said...

alprova said...I know it's not. I'm not the only one who has dethroned your authoritative attitude when it comes to the economy and investing.

Only in your over active imagination. You have disagreed but never proven anything about the economy and investing. In fact I hope I am just as wrong this year as last but that will be difficult, it is unusual to have any investment do that well. Many people make the mistake of thinking a rising stock market reflects the economy over all, that simply is not the case.

Your republicans all bad and democrats all good attitude blinds you to the reality that neither is acting in the best interest of the majority.

August 31, 2014 at 6:06 a.m.
fairmon said...

The cartoon should depict the UAW being serenaded with the song "what about no do you not understand". The UAW is akin to those men that think "no" means maybe and the female is just saying that to keep from feeling guilty. The UAW needs VW a lot more than VW employees need them. If VW management wanted the UAW they would already have them. Shouldn't the UAW be charged with stalking? Why are they so intent on organizing VW employees? Is it their devotion and caring for the people at VW or is greed and a self serving need the driver? Whose job and what do they seek to protect, the fat cats in the union hierarchy and money for other UAW expenditures?

Employees can establish an independent union but would be wise to get legal council and assure all the right steps are taken since the greedy UAW assisted by the biased NLRB will attack viciously. The independent union with no national union ties would enable VW to establish a works council without interference from the UAW or other national unions. The works council would then be able to align and coordinate with others within VW.

Alprova you should be advocating the UAW for those auto plants in Georgia such as the KIA facility in Tipton and leave Tennessee in the hands of those in Tennessee. I would bet Corker has much more information about what VW management truly prefers than you. I would also bet he knows what is in the best interest of those that work at VW and the community and state then you. I know, you are sure your opinion and keen insight is second to none and only those with less intelligence fail to agree with you. But, that may not be as accurate as you like to believe it is.

August 31, 2014 at 1:23 a.m.
fairmon said...

inqmind said..The number of persons below the poverty level has risen since LBJ declared war, but if you paid a living wage it would have dropped. People I know in Chat never pay in the upper percentile but intentionally try for mid-range or under, thereby getting mediocre talent.

So paying more and charging more for products or services would cure the economy? Actually cost increase due to increased wages or other reasons result in a lower sales volume due to the increase in prices which would ultimately add to the number at or below the new higher poverty level.

Everything purchased is affected by the cost of energy and neither congress or the administration has addressed that issue properly. Those working for under $36,000 a year and paying the cost of gas and other products affected by the cost of energy are hurt the worst and spend a higher percent of spendable income as a result of energy cost. Reducing the cost of gas alone is a major economic stimulus not to mention all the other cost that are to some extent related to the cost of energy. Just the cost of transporting products increases their cost plus it increases the cost of heating, cooling, cooking, home repairs, rent etc. etc. It is also a major cause of an unsustainable trade deficit and transfer of wealth from the U.S.

Would you like to see a business tax of 50% of profits? What affect would that have on U.S. based businesses and the economy? Assuming your answer is it would be detrimental then how do you conclude the current rates, which are added to the cost to all consumers, are not?

August 30, 2014 at 1:34 p.m.
fairmon said...

inqmind said...In closing, You must believe the government should subsidize business, I don't. If you believe in capitalism, any venture with a good economic model offering a product the market wants will be successful.

I don't know how you concluded that but I don't think government should subsidize or otherwise interfere with business. I know of nothing the government attempts to manage that is managed or run efficiently. Their answer is always throw more money at it. I do see the need for reasonable, understandable and enforceable regulations.

August 30, 2014 at 1:11 p.m.
fairmon said...

inqmind said...if you paid teachers according to the value of your children and quite complaining every time Janie or Johnny gets disciplined for cutting up, there would be a lot more of that labor available.

I agree and would like to see a better weeding out of incompetents and the best getting paid more. I agree discipline in schools is too lax.

August 30, 2014 at 1:07 p.m.
fairmon said...

GaussianInteger said...

"Do you have an example of a company with the capital to spend on technology that has not done so?"

Fairmon, have you been to a Hobby Lobby lately? Their POS equipment is 1980 to 1990's technology at best.

I have not been to a Hobby Lobby and don't plan to visit one but apparently they are profitable with no need to invest in added or new technology. I don't consider them a business that is additive or needed. I would guess most of their products are imported and not really helpful to the U.S. economy

August 30, 2014 at 1:02 p.m.
fairmon said...

alprova said...

Fairmon wrote: "That would not happen."

Is that so? The reduction in business taxes by GWB has contributed greatly to the debt we have on the books today, or are you not aware of that fact?

That is not a fact and there is no supporting data to support that opinion. It is not possible to say what the business tax revenue would have been had there been no change. Most likely it would have gone down with the businesses being even less competitive. The debt increase results from increased spending much of which is funding wars and welfare.

Why would you resent my making money by investing in foreign owned companies and against the dollar? An investor doesn't control the direction or results but anticipates and profits from accurately anticipating them. I have two types of investments:

1-Fundamentally sound companies that pay good dividends and have steady growth. Rarely sell any of them but occasionally add to them if there is a temporary drop in their cost.

2-Short term, a few days, weeks, or months, trades with a stock in a trend either up or down with an objective of a minimum profit of $400 per day. The most profitable markets are when they go down and continue going down for an extended period of time like in 2008 and 2009.

If I don't make good money then I will be less able to support those who could provide for themselves but won't and prefer it come from their uncle in D.C.

August 30, 2014 at 10:34 a.m.
fairmon said...

iqmind states..Many GM or owners of old-school companies in this town are so averse to risk they cannot cope with risk or bright, young technical talent, and the necessity to invest in new technology to survive.

Do you have an example of a company with the capital to spend on technology that has not done so? Some small mom & pop may not be able to afford it or may not understand the value and they will drop out and be replaced. Businesses don't have unlimited funds like the government and most cannot borrow enough to make major technology investments.

August 30, 2014 at 10:09 a.m.
fairmon said...

alprova said..Depending on the type of business, it can cost hundreds of dollars to hire a new employee. In the business I had back then, it took thousands of dollars to hire an employee.

Employers with that training task and cost do have to pay enough to attract and retain but when training is a matter of a few hours the incentive to retain is not so great. Your policy whether in writing or not was to pay enough to attract and retain those you wanted to keep. Most employers with a need to retain those hired survey the labor supply area and establish pay and benefits in the upper centile.

The poverty level number has changed very little since LBJ declared war on poverty however the cost of welfare with more and more free stuff instead of spending that money on training and education has gone up.

August 30, 2014 at 9:49 a.m.

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