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Letters to the Editor

American greed

March 5, 2011

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To the editor:

Why is it that the poor people and the middle class in this country always have to pay for the greed of the rich people? Three years ago, a handful of greedy bankers on Wall Street brought down the entire U.S. economy. Millions of good, hard-working Americans, who have played by the rules all their lives have lost their jobs, their homes, their savings, retirement plans and even their health care for what? Why do school teachers in Wisconsin have to pay for these billionaires’ insatiable greed?

This is not right! Why aren’t the greedy Wall Street bankers in prison like Bernie Madoff? Why do they continue to receive their outlandish salaries and bonuses, while the very taxpayers who bailed them out have lost everything?

Now that the greed of these people has brought the entire country down, our new Republican governors are kicking them when they are down. This will not be forgotten! I applaud the Journal-World for bringing to light how the billionaire Koch brothers contributed heavily to the Wisconsin governor’s race and now are in the process of extinguishing the last glimmer of hope and dignity that the school teachers of that state have.

It will not be communism or terrorism that brings this great country down; it will be the insatiable greed of a handful of extremely rich and powerful men who will not rest until they own everything. Will we stand by and allow this to happen? As one person, I feel helpless. Perhaps if we all stand up together, we can do something.

Comments

Paul R Getto 3 years, 1 month ago

As one of the ancient books of wisdom says,
King James Bible. "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." 1 Timothy 6:10. Pretty good advice, I'd say.

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mr_right_wing 3 years, 1 month ago

I'm not going to say the disdain directed at this greed is not warranted. We are guilty of a worse greed...we've fiscally neglected, and worse...even abused future generations with the unspeakable debt we're leaving them. At best, each of us who cashed those 'stimulus' checks at our children's children's children's expense are WORSE than the people referred to in this letter.

I cashed those checks too; there is just as much of their blood on my hands as there is yours. We may look upon these people with contempt; it's nothing compared to how future generations are going to look back at us.

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JHOK32 3 years, 1 month ago

What worries me is that when I google ownership of wealth in the U.S. I generally get info that something like 20% of our population owns about 80% of our country's wealth. If this is true it would seem to be very alarming. I don't claim to be the smartest person in the room but I do read the paper everyday & here are some synopsis of articles: 1. The middle class continues to shrink every year in this country & it doesn't seem to matter whether we have Republicans in control or Democrats. 2. Our middle class jobs continue to be outsourced to other countries. 3. Big companies have found ways to not pay U.S. taxes by outsourcing, using Cayman Island, Swiss bank accounts, etc. 3. It appears that the rich are getting richer & the poor are getting poorer. 4. Social Security may be going bankrupt & the baby-boomers are nearing retirement. 5. Even if Social Security remains solvent, it still doesn't pay enough for most people to retire on without some kind of pension supplement. 6. Private pensions are getting rarer all the time as a benefit. 7. Many public retirement systems, such as KPERS, have serious funding problems. 8. Every year the Federal deficit gets larger & larger. 9. The Democrats have a tendency to spend more money, the Republicans have a tendency to cut taxes. Either way we add more to the Federal deficit. It doesn't take a rocket scientist to figure out that our future is not looking too bright my friends. I fear this country is headed towards a major train wreck that will make this recession look like a tea party (no pun intended).

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just_another_bozo_on_this_bus 3 years, 1 month ago

Why employee pensions aren't bankrupting states

By Kevin G. Hall | McClatchy Newspapers

"From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn't match reality.

A close look at state and local pension plans across the nation, and a comparison of them to those in the private sector, reveals a more complicated story. However, the short answer is that there's simply no evidence that state pensions are the current burden to public finances that their critics claim.

Pension contributions from state and local employers aren't blowing up budgets. They amount to just 2.9 percent of state spending, on average, according to the National Association of State Retirement Administrators. The Center for Retirement Research at Boston College puts the figure a bit higher at 3.8 percent.

Though there's no direct comparison, state and local pension contributions approximate the burden shouldered by private companies. The nonpartisan Employee Benefit Research Institute estimates that retirement funding for private employers amounts to about 3.5 percent of employee compensation.

Nor are state and local government pension funds broke. They're underfunded, in large measure because — like the investments held in 401(k) plans by American private-sector employees — they sunk along with the entire stock market during the Great Recession of 2007-2009. And like 401(k) plans, the investments made by public-sector pension plans are increasingly on firmer footing as the rising tide on Wall Street lifts all boats.

Boston College researchers project that if the assets in state and local pension plans were frozen tomorrow and there was no more growth in investment returns, there'd still be enough money in most state plans to pay benefits for years to come.

"On average, with the assets on hand today, plans are able to pay annual benefits at their current level for another 13 years. This assumes, pessimistically, that plans make no future pension contributions and there is no growth in assets," said Jean-Pierre Aubry, a researcher specializing in state and local pensions for the nonpartisan Center for Retirement Research at Boston College."

Read more: http://www.mcclatchydc.com/2011/03/06/109649/why-employee-pensions-arent-bankrupting.html#ixzz1FsLdZGfL

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Flap Doodle 3 years, 1 month ago

Who benefits from the success of the Koch brothers? The employees of the state of Wisconsin, among others. "...According to the State of Wisconsin Investment Board (SWIB), the Wisconsin Retirement System owns $5.5 million in Georgia Pacific corporate bonds. (Georgia Pacific is owned by Koch Industries.) This is the retirement system in which the overwhelming majority of state and local employees participate. These are the pension benefits that public employees are trying so hard to protect. So here’s the challenge: Explain to a Wisconsin state worker that they are the ones helping fund the Koch brothers. Then sit back and watch the fun...." http://www.nationalreview.com/corner/260979/wisconsin-state-employees-should-have-some-koch-and-smile-christian-schneider

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Scott Morgan 3 years, 1 month ago

Jafs, a good business mind can do anything they wish with salary. Make it huge, or make it small, look at total compensation if they share. Take a peek at the NPR folks.

Ex: Car allowance. I don't need a car allowance. OK, can we just write you a check each month instead? Bookkeeping enters it as car allowance.

Tax supported businesses have been doing his since fido was a pup.

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northtown 3 years, 1 month ago

RoadApple-Found old Holiis,now the bountyhunterii is going to find you-searching the kaw river valley-You made a mistake!!Think about it

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jafs 3 years, 1 month ago

There's a software company in NC that has been on the list of the top 10 companies to work for for many years now.

The CEO chooses to make about $500,000/yr., significantly less than many CEO's, treats his employees spectacularly well, offering good wages and excellent benefits, including on-site exercise facilities and health care, and creates a very pleasant work atmosphere.

The (somewhat predictable) result is that he has been CEO for a long time, turnover is extremely low, worker morale and productivity is high, and the company enjoys long-term stable success in the marketplace.

It's such an obvious win-win-win situation, I don't really understand why there are so few places like it to work - and even without going quite as far as he does (not everybody needs on-site exercise and health care, for example), I think it would prove very workable.

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Tom Shewmon 3 years, 1 month ago

Buffoon Michael Moore going to WI and whuppin' the union clowns into a fenzy will only give the rest of Wisconsinites who support Walker more resolve. Reading this lte again only solidifies the fact that the left is drawn like flies to to a bloated carcass to their leader's inflammatory class-warfare rhetoric.

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Scott Morgan 3 years, 1 month ago

I've stated this and several others more progressive than I in different words. Both right and left wings of our government are fouling badly.

If the left forms a party like the Tea Party it could get interesting in a hurry. Remember, Massachusetts elected a Republican to replace Ted Kennedy. Never underestimate this, for there are politicos still looking for flying pigs and signs Hell froze over.

Won't take too much more misery for folks to do more than wake up and see both parties have no guts to change.

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Doppleganger 3 years, 1 month ago

It's a scientific fact that people using uncivil words like greedy, racist, bigot, teabagger to describe others, are showing their lack of being able to compete for more of what they crave.

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George Lippencott 3 years, 1 month ago

JAFS

Let us just give more money to the employees. OK. Wal Mart made $3.6B in profit in 2010. They have 2 M employees. The have about 600 M shares outstanding.
If you return about 5% on the values of the shares to the shareholders that would leave about $300 for each employee. Just maybe Wal Mart might want to reinvest some of that profit in new stores, so it can remain profitable and like anybody else hold some in reserve to cover surprises? I suspect that the situation is about the same in all publicly held corporations. The “rich” owners turn out to be you and me. Got any other great ideas?

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Tom Shewmon 3 years, 1 month ago

Easy to 'cipher why the unhinged left frantically supports unions.

Unions dry up=Dem party campaign till drying up.

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Flap Doodle 3 years, 1 month ago

Collectivism worked so well for the Soviet Union in the 1920s! We should try it here!

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BigPrune 3 years, 1 month ago

Those teachers in Wisconsin in the major metropolitan areas, are making the equivalent of $100,000 a year when you throw in their benefits. The state department of revenue collects their union dues then sends that money to the union. The teachers don't pay for squat out of pocket. Give me a break people.

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Bushloather1 3 years, 1 month ago

One conclusion is clear and obvious: the richest Americans have dramatically lowered their income tax burden since 1945, both absolutely and relative to the tax burdens of the middle income groups and the poor.

http://www.truth-out.org/how-rich-soaked...

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George Lippencott 3 years, 1 month ago

So, All of you think the rich have too much. How do we fix that? Is there a way to cap income? Could we not tax the rich a lot more? Why did we not do so when Mr. Obama and company had total control of the governemnt? Why did Mr. Obama only want to increase the take on the rich by 4%.

Seems like a lot of whining without real focus or real ideas.

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George Lippencott 3 years, 1 month ago

"Three years ago, a handful of greedy bankers on Wall Street brought down the entire U.S. economy"

This comment by the author was followed by a statement of negative impact on the 95% not in the above group.

How did we get to collective greed?

If 95% got had by the 5% it sounds like the villians are clear.

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Brock Masters 3 years, 1 month ago

It is interesting to listen to those that blame the rich or blame corporations and yet they fail to recognize who is really to blame - they are. They are to blame because they have not held their elected officials accountable and allowed them to be bought by corporations.

They are to blame because they shop at Wal Mart, Target, and other corporations. They are to blame because they buy Toyotas or Chevorlets - the two largest car sellers in the world.

So, you cannot blame anyone else, but yourself unless you can say you have not bought any products from China, do not do buy products from corporations and give a large portion of your wealth to the poor.

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Jimo 3 years, 1 month ago

Indeed.

Privatize the gains and socialize the losses.

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whats_going_on 3 years, 1 month ago

*raises glass to the letter writer"

Yes....corporate greed and them being allowed to pay off the greedy Congresspeople to do their bidding.

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Tom Shewmon 3 years, 1 month ago

Some of the stories here are great. Hows 'bouts paying in federal alone nearly 3x the median KS income?

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tomatogrower 3 years, 1 month ago

Years ago, I used to work in a factory. Every once in awhile we would have a meeting and be told what a great job we were doing, and how much profits had risen, then we would get a 5 cent/hr raise and a ham as a Christmas bonus. All the while one of the executives bragged how the company was sponsoring his race car. This was not a company that made car parts or anything that would really appeal to race fans. I left the company before they closed their factories, putting several people out of jobs, but, hey, the owners and big whigs got big severance packages and still live really well. The workers don't want a handout. They just want a job that will allow them to feed their families. I'm sick of people saying that workers want something for nothing. How many workers who have jobs are doing the work of 2 people, because the bosses want their big bonuses, instead of hiring someone? Poor business decisions based on greed will come back and bite them someday. But, hey, look at Madoff, he got to live it up for quite awhile, and now someone else has to foot his bill in retirement.

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75x55 3 years, 1 month ago

It is not the greed of a "few rich people", Rose, that is the real problem. Indeed, this tired old saw of class envy and hatred has been the root cause of the real driving problem, a hyperactive interventionist government that views all citizens as it's tax slaves, and all money as fair game.

The problem is the insatiable greed of government.

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kugrad 3 years, 1 month ago

Well said Ms. Thomas, well said! Hear, Hear!

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jhawkinsf 3 years, 1 month ago

It should be made clear that greed does not necessarily mean someone has done something illegal. People who have done something illegal, like Bernie Madoff, should be held accountable in a court of law. Those who have accumulated large amounts of wealth (Koch, Soros, etc.), with no proof of illegal activity, should be given the benefit given to all of us, that their wealth was accumulated in a legal manner. If you believe that an accumulation of large amounts of wealth is morally wrong, and presuming that they do not, then you simply have different values. In this country, having a diversity of values should be applauded. Having read several of the posts here, there seems to be a theme of a presumption of guilt.

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Scott Morgan 3 years, 1 month ago

Bankers, regulators, wealthy industrialists, this is what's bringing our great nation to knees.

The main problem with socialism is it doesn't work. Every year which passes, I see more folks riding in the boat and less paddling.

There will come a time when the boat doesn't move. (maybe now)

A great example was the warm and fuzzy boat riding article in the LJW recently about the gentleman getting his high school diploma well into his 50s. The posters for the most part cheered him on. So did I, until I didn't read something.

Motivated by the thought of his granddaughter, Williams persevered through eight English classes, seven social studies courses, six math classes, six science classes, two physical education requirements, two fine arts courses and 15 electives#####. ummmm?

Besides him moving here and winning a disability payment claim I read furtherr

(Williams was always there, working away — sometimes as many as 40 hours each week. on our boat then gaining his diploma I did not see his dreams of honest work.

Wish I saw him with a loving look clutching the classified job ads.

He wanted to babysit his granddaughter (good) he wanted to volunteer (good) he wanted to take college courses (good)

I want to do this too. Work kinda gets in the way. Work including keeping my home up takes a lot of my time. Can you imagine.

Obviously the man is not disabled. He will be another mid 40s- 50s healthy looking man or women cruising the grocery lanes at Dillon's 11 in the morning on a week day. Not a care in the world.

Soon if not now, others will look at the non paddlers more closely. Where do I sign up for his deal?

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jhawkinsf 3 years, 1 month ago

Capitalism is the worst form of economics humans have ever devised, except for all the others.

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Getaroom 3 years, 1 month ago

Nicely summed up jsthefacts! TS drank the Tea Party poison and he will also get his come-uppins. Capitalism in America is moving toward it's worst expression and that is what we have now and can go by many names: Coporatocracy, Plutocracy, Fascisim. And you thought Socialism was the enemy?
The divide between the wealthy and the poor is growing in leaps and bounds and that is not because the "free market" is working. That is a lie perpetrated by the super wealthy.
Never forget the officials you elected to run your government are all beholden not "us", but rather to the lobbyists(corporations) who paved their way to the White House steps. A balanced free market depends on morality and ethics being in place and who in this world believes that unregulated markets will honestly police themselves based on what we can plainly see demonstrated. Don't fall for the this ruse called Social Darwinism it is no science, but it has become a convenient tool of the upper class to follow their tendencies for greed and to the detriment of others. We have all co created this mess and all of us can turn it around. What are you willing to do? Keep eating the poison - or make a new way? It is up to each of us. Vote!!!!!!!!!!

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Richard Heckler 3 years, 1 month ago

Rose Thomas this is not the first time. Reagan/Bush were involved in much the same type of offense. In fact it appears to be policy of republican administrations. AND they are still trying to steal OUR Social Security Insurance dollars and give it to greedy Wall Street investors. That is simply unacceptable.

It's YOUR money! 6 cases in point to be considered and read completely:

  1. The Reagan/Bush Savings and Loan Heist(Cost taxpayers $1.4 trillion) http://rationalrevolution0.tripod.com/war/bush_family_and_the_s.htm

  2. Wall Street Bank Fraud on Consumers http://www.dollarsandsense.org/archives/2009/0709macewan.html

  3. Bush and Henry Paulson blew the $700 billion of bail out money? http://www.democracynow.org/2009/9/10/good_billions_after_bad_one_year

  4. Social Security Insurance AT Risk for no reason( This would cost taxpayers $4 trillion, add $700 billion to the debt each of the next 20 years, place taxpayers insurance money at risk and wreck the economy) http://www.dollarsandsense.org/archives/2005/0505orr.html

  5. Medical Insurance Insurance is COSTING YOU MORE BUT YOU ARE GETTING LESS How much is the sick U.S.A. Medical Insurance industry costing you? http://www.dollarsandsense.org/archives/2008/0508harrison.html

  6. Billions in Over Charges! Why did the medical insurance industry allow their clients to pay what they should have paid? http://www.washingtonpost.com/wp-dyn/content/article/2009/06/24/AR2009062401636.html

Congress knows of these over charges but to date nothing has been done. Nobody has gotten their money back!!!

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true_patriot 3 years, 1 month ago

George Washington gave America the same sentiment and warning in his farewell address at Mount Vernon back at the dawn of this nation's statehood. It rings more true than ever today.

The relative handful of have's in the world are stepping up the class warfare on the have-not's - it is essentially out in the open now in places like Wisconsin where it's easier than ever to follow the dollars from the richest men in the world to elections, government, legislation, lobbyists, the formation of the Tea Party and so forth.

But the amount of wealth that is being redistributed up the chain from blue collar families and the middle class in general is severely tipping the scales towards plutocracy and aristocracy (what our Founding Fathers were trying to avoid at all costs, having seen how ruinous it was in the Old World) and the rate at which that wealth is being redistributed up the chain from the many to the few at the top has been growing for decades, and absolutely skyrocketing over the past ten years.

As so many American families are losing their homes and their jobs, services for the mentally ill and basic state functions are being slashed, more children are going to bed hungry in many states, people are literally dying because of the death panels that are insurance company bean-counters and the Arizona state government, real wages continue to plummet for most of the populace - while this is life for many Americans, the casino for the rich otherwise known as the stock market is soaring and CEO compensation in general jumped a solid 7% this year.

I'd like to think it's not too late, but I fear George Washington's warning has already gone unheeded for too long and we could be past the tipping point.

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jstthefacts 3 years, 1 month ago

This comment was removed by the site staff for violation of the usage agreement.

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Tom Shewmon 3 years, 1 month ago

Also, how amazingly not suprising that far-left loons, after seeing most of their socialist hopes and dreams hammered into fine dust, accuse Palin and the Tea Party of causing mass murder and implicate the Koch's in all manner of evil-doing, nation wrecking. If you want to see someone who's bad for America, google George Soros. The hypocritical left's new-found desire for civility has been real obvious up in Wisconsin, hasn't it?

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Tom Shewmon 3 years, 1 month ago

You gotta say one thing, Obama's knee-jerk community organizing background has been very effective in practice (and in concert with the hysterical far-left blogs) in planting the seed that too much wealth is very, very bad thing and it should be taken away and given to others. The fight back has been more effective though, as expressed last November and in a few other special elections. I think this may extend out into 2012 and we'll be rid of this menace.

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goodcitizen 3 years, 1 month ago

The big banks don't make widgets, they move money around, dice up debt, repackage it, repeat, rinse, defraud. And it was deregulation that let them do it. The banking reform just passed is so full of holes it will do little to keep them from doing it again. They are no better than the 3 card monty artists standing on the street corner. Move your money to small (really small not co-opted greenwashed) banks and credit unions. Divest (as much as you can) from corporations that don't actually make anything of value to the common good or actually harm the common good. Information is key, but of course the fraudsters realized this a long time ago, so really educating yourself is difficult, but not impossible. For instance: http://www.indeed.com/salary?q1=Teacher&l1=WI
Do you think paying a PROFESSIONAL with a Master's degree and experience, who is responsible for educating the next generation of scientist, doctor, lawyer, engineer, president, executive, policeperson, fire fighter, etc. 50K a year plus access to health care and a chance to retire in dignity is excessive, but a 20million dollar "bonus" to a crook is just "honoring a contract"? (BTW If we had actually reformed health care, the total compensation would not be over 100k.--but corporate profits in the health care insurance industry must be maintained at all costs, right?) We (the people and our elected officials--ie the government) let WallStreet demand roll backs on hard fought worker rights and compensation in the private sector, the raiding of pensions, all in the name of "competitiveness"--which apparently means endlessly increasing profits to woo shareholders. Surprise! endlessly increasing profits is not sustainable. It used to be earning an honest living and rate of return on investment was enough. But now investors just chase the big fast score at the crap table that is Wall Street.

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Brock Masters 3 years, 1 month ago

Rose, let me address your sincere, but misguided points.

1.Why is it that the poor people and the middle class in this country always have to pay for the greed of the rich people?

How are the poor people paying for the greed of rich people? They do not pay or pay very little in income taxes and receive government benefits - money, food and healthcare. And, it isn't the rich that made them poor, it is often their poor choices - didn't take advantage of a free public education, had children without the means to provide for them and so on. Are there exceptions? Of course, but travel the country and go into the inner cities and you'll see able bodied people that are sucking this country dry.

2,. Millions of good, hard-working Americans, who have played by the rules all their lives have lost their jobs, their homes, their savings, retirement plans and even their health care for what?

Did the rich somehow go out and kill jobs that these hardworking people created themselves? No, these are jobs that the evil rich created. You condemn the rich but want the jobs they provide.

3.Now that the greed of these people has brought the entire country down,

I would not have bailed out these companies with taxpayer dollars. Let them fail. But you cannot put the blame entirely on the companies. Congress deserves part of the blame for enacting laws that required banks to loosen their lending requirements so that more people wouid qualify for home loans.

The people who took out loans to buy homes that they could not afford deserve the blame too. No one makes you take out a mortgage you can't afford.

  1. It will not be communism or terrorism that brings this great country down; it will be the insatiable greed of a handful of extremely rich and powerful men who will not rest until they own everything.

So, who decides how much wealth is enough? Does Bill Gates have too much wealth? How about Michael Moore or Barney Frank? Should there be laws to limit wealth? Once you reach a certain level you have to keep working but distribute your earnings to Rose and her ilk?

  1. Will we stand by and allow this to happen? As one person, I feel helpless. Perhaps if we all stand up together, we can do something.

You're right - if you don't like it you need to organize and do something about it just like the majority of the American people did last November. They said we don't agree with Rose and we will kick out those politicians that agree with her and Obama and elect ones that agree with us.

What you see happening today, like it or not, is the voice of the American people.

And for the record, I am not rich nor will I ever be.

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Flap Doodle 3 years, 1 month ago

Speaking of greed: "... National Education Association. Membership: 3.2 million; assets: $216 million. The NEA, representing most of the nation's teachers, has 31 headquarters officers and employees who earn more than $200,000 in pay and benefits. The president, Dennis Van Roekel, received $397,721 in salary and benefits. Of the $3.7 million NEA spent on political activities in the last election cycle, 98% went to Democratic candidates. The NEA has 98,000 members in Wisconsin.

Service Employees International Union. Membership: 1.8 million; assets: $187 million. The SEIU, whose membership has increased in recent years, has been organizing hospital, home care and nursing home workers, along with local and state government employees, janitors and security officers. The union has nine headquarters officers and employees who earn more than $200,000. The former president, Andy Stern, was paid $306,388 in salary and benefits from the union in 2009. Stern resigned in 2010 and was replaced by Mary Kay Henry, formerly the executive vice president. Over the past two years, SEIU gave almost $2 million to Democratic candidates and $8,500 to Republicans. It has 18,000 members in Wisconsin.

United Food & Commercial Workers. Membership: 1.3 million; assets: $157 million. The UFCW, whose members work in meatpacking, food processing and retail grocery stores, has 17 headquarters officers and employees who earn more than $200,000. The president, Joseph T. Hansen, received $360,737 in compensation in 2009. Of the $1.9 million the union donated to political candidates over the past two years, 99% of it went to Democrats....."

http://wizbangblog.com/content/2011/03/04/what-the-wisconsin-union-uproar-is-really-about.php

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Tom Shewmon 3 years, 1 month ago

Michael Moore agrees with Rose:

“What’s happened is that we’ve allowed the vast majority of that cash to be concentrated in the hands of just a few people, and they’re not circulating that cash. They’re sitting on the money,” says Moore. “That’s not theirs, that’s a national resource, that’s ours. We all have this… we all benefit from this or we all suffer as a result of not having it.”

Incredulous? Not really considering who the buffoon is that said it.

Also, Obama agrees. He told Joe the Plumber we needed to "spread the wealth around".

Unfortunately Rose, the ideology you share with other whiners has not fared well the past couple years and O/P/R's socialist agenda has been torpedoed and sunk.

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thuja 3 years, 1 month ago

Your comments are taken, Roe.

But this is talking about something completely different.

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RoeDapple 3 years, 1 month ago

Here we go crying that the rich won't share his millions with us again. If you were to have a local craftsman build you a custom "widget" and he charged you enough to clear a decent profit, let's say 50% 0r $25, you would gladly pay it to get just the widget you wanted. If, however he got such a high demand for his widgets that he invested hundreds of thousands of dollars, created 50 jobs, sold 3 million widgets per year with a net profit to him of $2.50 each, then he would border being among the "filthy rich", all the while offering the same widget at the same quality as the original. Taken a step further, demand for widgets now exceeds 50 million per year, the original builder of widgets has long retired but his company still pays him $1 for every widget manufactured on three different continents world wide. Disgusting is it?$50 million annually for widgets? Make your own d@mn widget. Or Corolla. Or laptop.Greed is not an affliction of the very rich. It's an affliction of those who envy him.

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Liberty_One 3 years, 1 month ago

"It will not be communism or terrorism that brings this great country down; it will be the insatiable greed of a handful of extremely rich and powerful men who will not rest until they own everything. Will we stand by and allow this to happen? As one person, I feel helpless. Perhaps if we all stand up together, we can do something."

The solution is capitalism. Anyone who thinks that more government is the solution is a dreamer. Government will never favor the poor. Only capitalism favors the poor, so let's quit dreaming of the government-created utopia and get back to reality where free market competition is the great leveler. Competition for labor drives up wages. Competition for consumers drives down prices. Competition is the best friend of the poor and middle class. Government is a monopoly and is the opposite of competition. Yet people with their head in the clouds keep dreaming that government will someday not cater to special interests. Get Real!

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grammaddy 3 years, 1 month ago

"t will not be communism or terrorism that brings this great country down; it will be the insatiable greed of a handful of extremely rich and powerful men who will not rest until they own everything. Will we stand by and allow this to happen? As one person, I feel helpless. Perhaps if we all stand up together, we can do something." AMEN!!!

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triciatadams 3 years, 1 month ago

popular websites like printapons and retail me not has coupons for pretty much any shopping site I've gone to most of the coupons are valid drops down with coupons without me having to search for them

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SinoHawk 3 years, 1 month ago

You are awfully quick to blame Republican governors and Wall Street, but the core of the economic crisis was brought on by policy, not only the actions of Wall Street. Folks like Bernie Madoff (D-NY) are despicable, and Wall Street (63% of donations to Democrats according to OpenSecrets) played a part, but the losses from those two are a drop in the bucket compared to the damages done by Fannie Mae, Freddie Mac, and government policy in general. The simple fact is that the government privatized gains while taking on significant risk at Fannie and Freddie (while Rahm Emanuel was on the board of Fannie, nonetheless), while trying to pressure lenders to issue more credit to undeserving persons. For that, we are all currently suffering.

As for the people that caused this mess--they should be hanging from the trees, imho. It makes me sick that there is such a tight circle between regulators, politicians, and the boards of so many of these companies.

Madison, WI teachers have an AVERAGE compensation package of >$102,000 per year. Asking teachers to contribute a small percentage of income to their health benefits does not seem too extreme to me. From my perspective, when the taxpayers are hurting and losing their jobs, those being supported by the taxpayers will probably need to feel some pain, too. There just isn't enough tax-revenue at present to keep compensation where is is for so many public-sector employees, and raising taxes would be insane.

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racheltucke 3 years, 1 month ago

You guys should stop complaining because, one the health care we have now isnt as good as it was supposed to be. also the law has just been signed so give it some time. so if u want to say u have the right to choose tell that to ur congress men or state official. If you do not have insurance and need one You can find full medical coverage at the lowest price search online for "Wise Health Insurance" If you have health insurance and do not care about cost just be happy about it and trust me you are not going to loose anything!

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Abdu Omar 3 years, 1 month ago

Your comments are pretty accurate and I support you. But until we stop special intererst groups and lobbyists from paying off congressmen we won't get any where. Lets stop that practice.

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