Stop Blaming the Unions in the Auto Bail-out

[Decker]

I believe that even if workers got to put their 7.5 percent in a private account in a bond or CD they would be better off than the ponzi scheme called SS. 

At least that way if the person died before they were able to collect they could pass it on to their heirs.

If you would like to start a thread on the privatization of Social Security, I'm there.

It's amazing how you hit on every single elitest right wing talking point with out err.

[Decker]

First and foremost I was not insulting you. I respect you as a very informed guy. Who I could not disagree with more.

This thread is filled with facts go back and read it.

And no you are not wrong about me.

Social security is a joke and should be done away with all together.

Universal health care is a form of socialism.
Spin how you want but thats why it is called "socialized health care".

I see.  I think we'll have to start a thread on the privatization of Soc. Sec.  b/c I think we have to put it to rest.

[Soul Crusher]

I told you already, it's a complex problem. 

But when I hear the liberal media blame the unions, I know bullshit is afloat.

I also know that you did not answer my questions.  How do you know it's the unions fault and not the profound mismanagment of greedy corporate executives?

I know you said it's both a few squares back, but now you're back on the "It's the Union's fault" kick.

I have said time and time again, fire the execs.  No bonuses, etc for a terrible job.

However, that is a drop in the bucket compared to the overall picture as to why these companies stink.

[Decker]

I have said time and time again, fire the execs.  No bonuses, etc for a terrible job.

However, that is a drop in the bucket compared to the overall picture as to why these companies stink.

Critics say automotive executive paydays are out of line with what's happening in the industry. "It seems like something out of the gilded age," says Chris Kutalik, an editor at Labor Notes newspaper. "It's such a glaring disparity."

"There is a huge difference between Asia and here when it comes to the top executive compensation," says Han Kim, a professor of business administration at the University of Michigan. "Rarely in Asia, especially Japan and Korea, do the CEOs get paid more than a million dollars."

Chrysler's new CEO, Bob Nardelli,became a symbol of corporate excess when he left Home Depot early this year with a $210 million severance package. Ford's new CEO, Alan Mulally, got $27.8 million in salary and bonus in his first few months on the job, including an $18.5 million signing bonus.
http://www.usatoday.com/money/autos/2007-10-09-auto-exec-pay_N.htm

I think executive compensation is a problem.  I think a worse problem was executive mismanagement.   And they still get paid for the crap job they do.

[Soul Crusher]

If you would like to start a thread on the privatization of Social Security, I'm there.

It's amazing how you hit on every single elitest right wing talking point with out err.

I am self employed and have to 15% SS .  If I were able to keep that money and buy CD's with it, not stocks or anything else, treasuries in the US govt, I would be far better off than with social security.  Additionally, that money could be passed on to my heirs.

do you realize that of all people in society, blacks get screwed by social security more than any other group due to a lower life expectancy.

A black person typically works their entire life and pays into this mess and gets screwed when they die at 65 or 70 and the family gets squat.

Social Security is another time bomb waiting to go off since when it was created, there were far more workers per retiree and the life xpectancy was much less.

Now you have people collecting far more money than they paid in and for a longer time period than originally envisioned.  There are also going to be far fewer workers to pay these benefits to the boomers.

I think SS needs to raise the ages to about 70 or 75 to remain sustanianable.   

[Soul Crusher]

I am not disagreeing with you.  CEO and top pay are OBSCENE for what the results have been.

Its not only the auto's, its every sector of the US economy.

[Decker]

I am self employed and have to 15% SS .  If I were able to keep that money and buy CD's with it, not stocks or anything else, treasuries in the US govt, I would be far better off than with social security.  Additionally, that money could be passed on to my heirs.

do you realize that of all people in society, blacks get screwed by social security more than any other group due to a lower life expectancy.

A black person typically works their entire life and pays into this mess and gets screwed when they die at 65 or 70 and the family gets squat.

Social Security is another time bomb waiting to go off since when it was created, there were far more workers per retiree and the life xpectancy was much less.

Now you have people collecting far more money than they paid in and for a longer time period than originally envisioned.  There are also going to be far fewer workers to pay these benefits to the boomers.

I think SS needs to raise the ages to about 70 or 75 to remain sustanianable.   

I'll start a thread on SS later today.  Keep these points in mind, we have much to discuss.

[Soul Crusher]

I'll start a thread on SS later today.  Keep these points in mind, we have much to discuss.

I think social security has become something far beyond what it was originally intended to do.