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I would sell shares of any company who is stupid enough to increase labor cost right now

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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:33 PM
Original message
I would sell shares of any company who is stupid enough to increase labor cost right now
Edited on Sun Sep-11-11 12:38 PM by RB TexLa
And people have more money invested than I do surely think the same. With the uncertainly of the world economy anyone not cutting labor costs to protect themselves doesn't deserve investment.

Politicians keep talking about creating jobs, I wish they would speak to us like adults. No one is going to be creating jobs for awhile. What is really gained out of not accepting this fact? There is nothing to change about it.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:38 PM
Response to Original message
1. "Surly," indeed.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:38 PM
Response to Reply #1
2. There, I fixed it. I can only hope it's enough to make you happy
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enlightenment Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:41 PM
Response to Original message
3. Your devotion to your investments is duly noted. nt
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:50 PM
Response to Original message
4. Congrats. You win the priority contest on DU for today.
Unrec for greed over country.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:53 PM
Response to Reply #4
6. Most people are well past thinking in terms of country. Join the present before it's over.
or do you just long for the 1800s?
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:57 PM
Response to Reply #6
7. I was going to say 'fellow human beings', but thought I would tone it down.
Oh, and as to your comment about "longing for the 1800s", would that make you pro slavery and anti-suffrage or just accusing me of such?

:hi:
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sun Sep-11-11 12:59 PM
Response to Reply #7
8. Deleted message
Message removed by moderator.
 
Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 12:51 PM
Response to Original message
5. Hasn't the RB McTexas game played itself out, yet?
Why are we treated to this persons repeated sociopathic posts? :shrug: It would be different if there was an iota of a spark of joy or humor to them... :shrug: :shrug:
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gulliver Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:02 PM
Response to Original message
9. Hmm. So you would buy companies who were reducing employment?
Edited on Sun Sep-11-11 01:03 PM by gulliver
That's weird. It seems like you are selling shares in companies that are doing well. Increasing labor costs implies the company's executives have a more optimistic view of the company's future. As an investor, I would rather have shares in a company increasing payrolls than in one reducing them.

It's too late to buy Borders, but Bank of America shares are available.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:06 PM
Response to Reply #9
10. BofA isn't cutting enough labor costs IMO. The biggest number to leak out is 40k they need to be

looking at cutting somewhere around 75k from cost.
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:09 PM
Response to Reply #10
13. BofA is in trouble because
the same idiots on Wall Street who think like you told them to load themselves with worthless mortgage CDs.
Not because of their workers.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:14 PM
Response to Reply #13
15. Regardless, they have to gut costs
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gulliver Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:29 PM
Response to Reply #10
18. I see
Well, Bush and the Republicans caused the problems to begin with, so maybe they should just open up their wallets and make things right for everyone else in the country. At a minimum, they should fall to their knees and beg forgiveness. That would be a lot better for the economy than cutting jobs.
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leftyohiolib Donating Member (413 posts) Send PM | Profile | Ignore Sun Sep-11-11 01:06 PM
Response to Original message
11. your attitude is the disease with which this country suffers- greed
Edited on Sun Sep-11-11 01:09 PM by leftyohiolib
the republicans are proud of you
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:07 PM
Response to Original message
12. That strategy worked SO WELL
for Circuit City.

:rofl: :rofl:
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:12 PM
Response to Original message
14. Well, I won't sell with you.
Edited on Sun Sep-11-11 01:12 PM by HughBeaumont


Seriously. . . this is a really un-stealth bad joke that's just being played out TOO damned long. Shut this piss-lemonade stand down. PLEASE.
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senseandsensibility Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:16 PM
Response to Reply #14
16. LOL
A link to that original thread would probably be appreciated by newer DUers.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sun Sep-11-11 01:23 PM
Response to Reply #16
17. Deleted message
Message removed by moderator.
 
madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:31 PM
Response to Reply #17
19. that is classic....
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:41 PM
Response to Reply #16
21. I'm lost
:shrug:
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:44 PM
Response to Reply #21
23. You'll have to do your own search . . . I apparently cannot cross-link.
PM'd . . .
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 02:40 PM
Response to Reply #23
26. thx
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Brickbat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:32 PM
Response to Original message
20. You're adorable.
Edited on Sun Sep-11-11 01:32 PM by Brickbat
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 01:42 PM
Response to Reply #20
22. As cuddly as a cactus, as charming as an eel . . .
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sam11111 Donating Member (638 posts) Send PM | Profile | Ignore Sun Sep-11-11 01:48 PM
Response to Original message
24. Tarrifs are the way out of this little RW trap
Edited on Sun Sep-11-11 01:58 PM by sam11111
Expanding the Public Sector is another

The Private Sector only offers a globe of dollar a day jobs. And one Billionaire.

He only needs 300 million people to produce his luxuries. Sooooooo the rest will be left to starve. Called "shrinking".

Or "population reduction"
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 02:04 PM
Response to Original message
25. Nah people don't believe in investing to retire.
They think it's impossible to save a penny and social security will provide for all their needs.

Good luck to them.
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haele Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 05:05 PM
Response to Reply #25
39. Sarcasm, I hope. As usual, it's hard to save if you don't make enough to save.
Edited on Sun Sep-11-11 05:12 PM by haele
I'm not talking about blowing it all on luxury car payments, McMansions, cell phones with internet plans, trips to Cancun, and a refrigerator that dispenses ice and filtered water, I'm talking about just making enough you can live paycheck to paycheck by renting a cheap rat-trap large enough for the family you and your wife created when you thought you were making enough to save, paying on basic utilities, medical coverage, transportation to get back and forth to work on, and enough food so your kids don't go hungry every night. As for your retirement 401K and investments? Pretty much stagnant - and too often "borrowed" from to pay for the emergency car repair or critical dental work, or an illness.
This isn't hyperbole, this is what a good half the working people who aren't gaming the system or acting "irresponsible" in this country have to go through, month by month, because the jobs out there are cutting wages or laying off.
As for chucking it all and creating your own business out of thin air- 85% of small businesses disappear within the first seven years. Existing family businesses have been going out of business or were sold off to larger "capital investment firms" at an even higher rate, because they can't compete with the big corporations. Unless you have millions socked away, or you're working a business that makes money from suckers - err, using other people's hard work or money, there's a even greater chance your individual business will end up a retirement drain than you would be able to at least break even with it.

Haele
(Due to medical and family emergencies, I've never been able to save enough to get any more from any retirement plan than perhaps $200 a month - certainly not as much as my parents were able to save. Lucky thing I retired from the military and have Social Security to keep me in a tent eating cat food in my 80's, even though I've worked hard all my life...apparently just not hard enough to be making six figures on a regular basis)
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:46 PM
Response to Reply #25
43. Yeah, real easy to save if you're one of the "reduced labor costs."
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whosinpower Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:06 PM
Response to Original message
27. Which is exactly why any stimulus
Or job creation MUST be targetted to companies, firms and business opportunities that do not have stocks on the market.

Wall Streeters said "F - you" to main street a very long time ago.
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:08 PM
Response to Original message
28. And that attitude of PURE SELFISHNESS is why Capitalism must go.
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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:17 PM
Response to Original message
29. Yeah, 'cause people without jobs really help keep the economy functioning.
Edited on Sun Sep-11-11 03:39 PM by Starry Messenger
Gee, I always wondered how the braindead capitalist justified taking spending money out of the economy and the hands of workers in the name of short term gains and long term crisis. Thanks for illustrating.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:20 PM
Response to Reply #29
30. Are you increasing spending in your personal budget? I doubt with things the way they are, that you

are increasing your spending.

But you expect others and companies to behave in such a stupid manner. Guess it goes back to people thinking "me, Me, ME!!"
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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:24 PM
Response to Reply #30
31. My spending does not change at all.
I am a worker and a consumer. Corporations are not people. They are dumping labor and raking in record profits. Their expenses will hardly shiver, they just need to expand bottom line statements. When all of your stocks tank because the casino goes bust as a result of this idiocy, don't come crying to me.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:32 PM
Response to Reply #30
33. Wow - you have a lot of nerve calling the demand-side folks here the greedy ones
:rofl:

Henry Ford believed he needed to pay people enough so that they could afford to buy his products.

You, on the other hand, do let us know when that prosperity starts trickling down, aye? Heh.
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whosinpower Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:43 PM
Response to Reply #30
36. I have a business
It had slowed down - and instead of whining, complaining and pulling back - I renovated - spent money, time, sweat and effort to re-invent what the shop offered.

Stupid eh? Not so much....business has significantly picked up with folks coming in to see the new digs....and guess what else? Folks are getting sick and tired of the doom and gloom - utterly fed up with it. THEY WANT TO SEE SOME OPTIMISM.

Your kind can only feed doom and gloom for so long - and then the public will revolt against it. They too, will re-invent themselves in favour of better days rather than pull back, doom, gloom, debt, austerity, cut this, slash that.

Thing is - they will find a way to re-invent themselves WITHOUT THE HELP OF YOUR MONEY. How will your money grow then - oh wise one?
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 04:06 PM
Response to Reply #36
37. It's not doom and gloom vs. optimism. It's facts, I don't think even the most
optimistic people see job expansion for another 10 or so years.
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whosinpower Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 04:34 PM
Response to Reply #37
38. I prefer to swim, not be an oyster nt
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:47 PM
Response to Reply #30
45. Wow, that is twisted. You're advocating FIRING WORKERS to HELP the Investor Class, but THEY
Edited on Sun Sep-11-11 06:49 PM by WinkyDink
(employees) are the ones going "me, Me, ME"?!
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etherealtruth Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:32 PM
Response to Original message
32. LOL
Edited on Sun Sep-11-11 03:33 PM by etherealtruth
You do not disappoint!
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Douglas Carpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:32 PM
Response to Original message
34. ABSOLUTELY!! The worst thing that ever happened to our country are child labor laws -
that would have been our only hope of competing with China and India. But the do-good-er PC crowd took care of that a long time ago.
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:49 PM
Response to Reply #34
46. And the Minimum Wage! WTH is WRONG with $2 a day?!
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ldf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 03:36 PM
Response to Original message
35. you know, there was a time
people, or companies, who wanted to do something, saved for that purpose.

if a family wanted to go on a vacation, or improve their life, they saved money.

many companies would do the same. they took their profits and paid for their expansion. or paid for research and development for new products so they could increase their profits.

now, it seems, everyone wants to make enough money to sit back and do nothing but let their money earn more money for them. people, and companies. companies offering stocks, and people buying stocks.

as i see it, the biggest culprits in this ongoing nightmare of a financial fiasco is the stock holder, and the obsession with dividends.

they don't care how they get them, just get them. they don't care if a company lays off hundreds or thousands to increase their bottom line, as long as they get that dividend.

they don't care if the jobs are outsourced to third world countries where sweat shops make the products americans used to make, as long as they get that dividend.

but strangely enough, wall street, and all "stock" investments, have ups and downs. the worth of the stocks always seem to become overvalued, and there has to be a "correction". during those "corrections", people lose everything. (except the uber rich who knew to get out, and then go bottom feeding...)

but those same people, once they reach that goal of enough to money to live of the earnings of the money, and retire, will be some of the first in line to sign up for social security, whether they need it or not, because they paid into it, and it is damn well theirs.

we have become greedy and selfish sons of bitches.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:34 PM
Response to Reply #35
40. Sounds like a Romney plan to me.
Buy 'em out, gut 'em and "create jobs" overseas with child labor for pennies on the dollar.
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socialist_n_TN Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:46 PM
Response to Reply #35
44. And there you've described the capitalist system
especially the part about the uber rich and going bottom feeding.

I sincerely doubt that the OP will go his/her whole life and not get bit by the "corrections". IOW, I doubt he's one of the uber rich. He's just greedy like them.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:41 PM
Response to Original message
41. Who cares what you would do?
Edited on Sun Sep-11-11 07:14 PM by Bluebear
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:43 PM
Response to Original message
42. And yet I'll bet you celebrated Labor Day. Why not write "fire American workers" instead of "reduce
Edited on Sun Sep-11-11 06:44 PM by WinkyDink
labor costs"?
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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:50 PM
Response to Original message
47. The CEO's dont mind increasing their coffers
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:54 PM
Response to Original message
48. What about companies that increase salary pay to the upper management?
Just wondering. . . .
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 08:28 PM
Response to Reply #48
52. No, I can't think of a company that should not have frozen wages and eliminated bonuses in the
current environment.
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0rganism Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:54 PM
Response to Original message
49. So, what needs to change before companies can wisely increase labor costs?
In your opinion, of course.

I don't dispute your conclusion, by the way, I'm just interested in what circumstances you think would have to change to alter the balance.

One possibility is that we're on a one-way street here, and labor costs simply cannot be allowed to rise, ever. Do you agree?
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blueclown Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:57 PM
Response to Original message
50. Did I make the wrong turn and land in Freeperville today?
Glad to see the mindset of some "progressives" here.
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 06:59 PM
Response to Original message
51. shocking
Given you think buying products made in the USA is racist, this is exactly the type of stuff I expect from you. I'm still confused as to why you post on a Democratic/liberal site though.
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