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In 1913, Henry Ford wrote the following as the directors had been reaping the rewards of profits - "The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate".

Thursday, June 7, 2012

On the Economy - Romney is Wrong!!!

I wanted to share this comment on an article about Romney dissing Obama.
(links are mine to prove his point and bold is to highlight important parts)

NDiesel81 3:54 PM

If Wisconsin has shown anything, it's that people are taking opinion more seriously than facts. Most people don't actually know any facts. They only know talking points, which are just that... talk.It's very scary when people actually believe Obama has increased spending programs during his term, when the facts state the exact opposite. The deficit has increased, but that is due to existing safety net programs being over burdened by high unemployment and retirement numbers, in addition to low revenue numbers also due to high unemployment numbers as well as tax breaks on those who don't need them. High unemployment is a double whammy. Spending increases employment, which increases job security, which increases consumer spending, which further increases employment. This isn't some overly complex equation. It isn't magic. It's cold hard logic that everyone seems to want to disbelieve. They believe opinions more than they believe the facts! It's very scary that people believe we can cut our way out of our deficit. Yes, this may lower the deficit in the short term, but it also increases unemployment. Unemployment, as I've stated before, puts a high burden on our social safety net programs. The Republican answer is to also cut the social safety net programs as well! Can someone please explain to me how cutting jobs during 8.2% unemployment adds jobs? Do people miraculously start spending money and buying products when unemployment rates are soaring? While they're fearing their job is next on the chopping block? It's very scary that people are taking opinion over cold hard facts, and it's happening everywhere. No one wants to spend the time to look at the real numbers or the real facts. That would be too much work! They're too lazy for that! Instead, they'll listen to people like Rush, Hannity, O'Reilly, Beck... and they'll be told what's what even though they're being told fact-less falsehoods.. but at least it's easy and quick!

.... and why didn't anyone read THIS post?? Its important!

... another comment from the same article :

Brad Naksuthin 3:41 PM
When Obama took office the stock market stood a little above 8000, the country was shedding 200,000 jobs a month and everyone's investments were in the toilet. Osama Bin Ladin was still mocking Americans with his monthly audio-casts. We were fighting a war in Iraq and another one in Afghanistan. Since Obama took office there has been job growth in every month hes' been in office. The stock market stands at 12,500. People who watched their investments tank at the end of the Bush administration now are back on top. The war in Iraq has been won and is over. Osama Bin Ladin is dead and his top military generals are in hiding. I'd say Obama has done a pretty good job for being a first time President.

Thomas Jefferson Quote

It is error alone which needs the support of government. Truth can stand by itself. Subject opinion to coercion: whom will you make your inquisitors? Fallible men; men governed by bad passions, by private as well as public reasons. And why subject it to coercion? To produce uniformity. But is uniformity of opinion desireable? No more than of face and stature. Introduce the bed of Procrustes then, and as there is danger that the large men may beat the small, make us all of a size, by lopping the former and stretching the latter.
Notes on the State of Virginia (1785) - a book written by Thomas Jefferson

Millions of innocent men, women, and children, since the introduction of Christianity, have been burnt, tortured, fined, imprisoned; yet we have not advanced one inch towards uniformity. What has been the effect of coercion? To make one half the world fools, and the other half hypocrites. To support roguery and error all over the earth. Let us reflect that it is inhabited by a thousand millions of people. That these profess probably a thousand different systems of religion. That ours is but one of that thousand. That if there be but one right, and ours that one, we should wish to see the 999 wandering sects gathered into the fold of truth. But against such a majority we cannot effect this by force. Reason and persuasion are the only practicable instruments. To make way for these, free enquiry must be indulged; and how can we wish others to indulge it while we refuse it ourselves. But every state, says an inquisitor, has established some religion. No two, say I, have established the same. Is this a proof of the infallibility of establishments? Our sister states of Pennsylvania and New York, however, have long subsisted without any establishment at all. The experiment was new and doubtful when they made it. It has answered beyond conception. They flourish infinitely. Religion is well supported; of various kinds, indeed, but all good enough; all sufficient to preserve peace and order: or if a sect arises, whose tenets would subvert morals, good sense has fair play, and reasons and laughs it out of doors, without suffering the state to be troubled with it. They do not hang more malefactors than we do. They are not more disturbed with religious dissensions. On the contrary, their harmony is unparalleled, and can be ascribed to nothing but their unbounded tolerance, because there is no other circumstance in which they differ from every nation on earth. They have made the happy discovery, that the way to silence religious disputes, is to take no notice of them. Let us too give this experiment fair play, and get rid, while we may, of those tyrannical laws. It is true, we are as yet secured against them by the spirit of the times. I doubt whether the people of this country would suffer an execution for heresy, or a three years imprisonment for not comprehending the mysteries of the Trinity. But is the spirit of the people an infallible, a permanent reliance? Is it government? Is this the kind of protection we receive in return for the rights we give up? Besides, the spirit of the times may alter, will alter. Our rulers will become corrupt, our people careless. A single zealot may commence persecutor, and better men be his victims. It can never be too often repeated, that the time for fixing every essential right on a legal basis is while our rulers are honest, and ourselves united. From the conclusion of this war we shall be going down hill. It will not then be necessary to resort every moment to the people for support. They will be forgotten, therefore, and their rights disregarded. They will forget themselves, but in the sole faculty of making money, and will never think of uniting to effect a due respect for their rights. The shackles, therefore, which shall not be knocked off at the conclusion of this war, will remain on us long, will be made heavier and heavier, till our rights shall revive or expire in a convulsion.