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re: How will Obama's policies affect me as a college student
Posted on 11/8/12 at 9:46 am to TheHiddenFlask
Posted on 11/8/12 at 9:46 am to TheHiddenFlask
Agreed. Seriously, at the elevators it looked like a funeral Wednesday morning. My boss looked like he had seen a ghost. Nobody knows what to do or how we can be successful going forward with the attitude the public has shown toward the business community. It really is sad more than anything.
Posted on 11/8/12 at 9:58 am to Crbello4Hiceman
quote:
with the attitude the public has shown toward the business community
In the public's defense the finance industry being footloose and fancy free by selling sub-prime mortgage backed securities, brokering with credit agencies to inflate ratings, combined with fraudulent financial reporting and wild speculation did cause the global economic collapse. Then to salt the wound they allowed the American taxpayer to pick up the tab, lose money on what is usually the largest single asset most families own(their home) all the while increasing their own earnings during which time the country languished in a prolonged recession. I can see why the public at large might be upset.
And while I understand that in all likelihood a handful of powerful players are to blame, its hard for most to separate those few from the industry as a whole.
This post was edited on 11/8/12 at 10:05 am
Posted on 11/8/12 at 10:10 am to Crbello4Hiceman
quote:
the attitude the public has shown toward the business community
That's the bigger issue to me. As WN pointed out, demographics have shifted. I appreciate his respectful and intellectually curious demeanor, but, as he did, I also respectfully disagree with him. Terms like "the 47%" are politically devisive and cutesy, but in reality, America is losing it's "pull yourself up by the bootstrap" mentality. Looking back, the same things were probably said in the 70's and we recovered well. However, our country is still plagued by the cancerous legislation that was passed in those times. The workers of our nation are overburdened. The only question is: when is critical mass? It's happening in other countries right now, but we seem very content walking down the road that they laid.
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