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$900,000,000,000.00 in Pork


Fairweather

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BTW, the 9 billion is basically a continuation of the Bush doctrine bailout with an extra billion or so tossed in and more restrictions on the recipients isn't it.

 

 

This is where you're being duped (BTW; it's $900 billion). This bill is completely separate from Bush's $700bn TARP program and the half left for the Obama Administration to allocate. This is a completely new spending bill--over and above Bush's-- that contains only a modest amount of real economic stimulus.

 

http://www.foxnews.com/politics/first100days/2009/02/02/key-democrat-says-lawmakers-strip-tens-billions-stimulus/

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BTW, the 9 billion is basically a continuation of the Bush doctrine bailout with an extra billion or so tossed in and more restrictions on the recipients isn't it.

 

 

This is a completely new spending bill--over and above Bush's-- that contains only a modest amount of real economic stimulus.

 

http://www.foxnews.com/politics/first100days/2009/02/02/key-democrat-says-lawmakers-strip-tens-billions-stimulus/

 

Well that all depends on how you define economic stimulus. If the bill creates jobs that will in turn stimulate economic growth, then I believe that to be economic stimulus. But if its a bailout to allow banks to lend money to businesses and consumers that'll get them deeper in debt.....

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BTW, the 9 billion is basically a continuation of the Bush doctrine bailout with an extra billion or so tossed in and more restrictions on the recipients isn't it.

 

 

This is where you're being duped (BTW; it's $900 billion). This bill is completely separate from Bush's $700bn TARP program and the half left for the Obama Administration to allocate. This is a completely new spending bill--over and above Bush's-- that contains only a modest amount of real economic stimulus.

 

http://www.foxnews.com/politics/first100days/2009/02/02/key-democrat-says-lawmakers-strip-tens-billions-stimulus/

 

NNNOOOOOOOOOOOOO!!!!!!

 

[video:youtube]http://www.youtube.com/watch?v=LZN4HOoIIfo

 

Fuckin' crybaby.

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The hypocrisy of conservatives is mind-numbing:

 

The Bush tax cuts, all of them were financed with borrowed money. And where did we end up at the end of the Bush administration? If you add up all of the bailouts that the Bush administration did in the fall, the investments, the spending and the guarantees, it’s over $8 trillion. How much money is that? It is more than all of the income taxes paid by all Americans for the entire eight years of the Bush administration.

 

http://www.democracynow.org/2009/2/2/david_cay_johnston_more_corporate_tax

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"...we need action by our government, a recovery plan that will help to jumpstart the economy."

 

— PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009

 

[paraphrase]

The line from Barack Obama and Joe Biden is that all economists agree with a stimulus package to expand government spending. So, they won't have been happy to see a full page advertisement in the January 28, 2009 edition of New York Times disagreeing, signed by around 200 academic economists, including three Nobel prize-winners. [/paraphrase]

 

"Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.

 

* Burton Abrams, Univ. of Delaware

* Douglas Adie, Ohio University

* Ryan Amacher, Univ. of Texas at Arlington

* J.J. Arias, Georgia College & State University

* Howard Baetjer, Jr., Towson University

* Stacie Beck, Univ. of Delaware

* Don Bellante, Univ. of South Florida

* James Bennett, George Mason University

* Bruce Benson, Florida State University

* Sanjai Bhagat, Univ. of Colorado at Boulder

* Mark Bils, Univ. of Rochester

* Alberto Bisin, New York University

* Walter Block, Loyola University New Orleans

* Cecil Bohanon, Ball State University

* Michele Boldrin, Washington University in St. Louis

* Donald Booth, Chapman University

* Michael Bordo, Rutgers University

* Samuel Bostaph, Univ. of Dallas

* Scott Bradford, Brigham Young University

* Genevieve Briand, Eastern Washington University

* George Brower, Moravian College

* James Buchanan, Nobel laureate

* Richard Burdekin, Claremont McKenna College

* Henry Butler, Northwestern University

* William Butos, Trinity College

* Peter Calcagno, College of Charleston

* Bryan Caplan, George Mason University

* Art Carden, Rhodes College

* James Cardon, Brigham Young University

* Dustin Chambers, Salisbury University

* Emily Chamlee-Wright, Beloit College

* V.V. Chari, Univ. of Minnesota

* Barry Chiswick, Univ. of Illinois at Chicago

* Lawrence Cima, John Carroll University

* J.R. Clark, Univ. of Tennessee at Chattanooga

* Gian Luca Clementi, New York University

* R. Morris Coats, Nicholls State University

* John Cochran, Metropolitan State College

* John Cochrane, Univ. of Chicago

* John Cogan, Hoover Institution, Stanford University

* John Coleman, Duke University

* Boyd Collier, Tarleton State University

* Robert Collinge, Univ. of Texas at San Antonio

* Lee Coppock, Univ. of Virginia

* Mario Crucini, Vanderbilt University

* Christopher Culp, Univ. of Chicago

* Kirby Cundiff, Northeastern State University

* Antony Davies, Duquesne University

* John Dawson, Appalachian State University

* Clarence Deitsch, Ball State University

* Arthur Diamond, Jr., Univ. of Nebraska at Omaha

* John Dobra, Univ. of Nevada, Reno

* James Dorn, Towson University

* Christopher Douglas, Univ. of Michigan, Flint

* Floyd Duncan, Virginia Military Institute

* Francis Egan, Trinity College

* John Egger, Towson University

* Kenneth Elzinga, Univ. of Virginia

* Paul Evans, Ohio State University

* Eugene Fama, Univ. of Chicago

* W. Ken Farr, Georgia College & State University

* Hartmut Fischer, Univ. of San Francisco

* Fred Foldvary, Santa Clara University

* Murray Frank, Univ. of Minnesota

* Peter Frank, Wingate University

* Timothy Fuerst, Bowling Green State University

* B. Delworth Gardner, Brigham Young University

* John Garen, Univ. of Kentucky

* Rick Geddes, Cornell University

* Aaron Gellman, Northwestern University

* William Gerdes, Clarke College

* Michael Gibbs, Univ. of Chicago

* Stephan Gohmann, Univ. of Louisville

* Rodolfo Gonzalez, San Jose State University

* Richard Gordon, Penn State University

* Peter Gordon, Univ. of Southern California

* Ernie Goss, Creighton University

* Paul Gregory, Univ. of Houston

* Earl Grinols, Baylor University

* Daniel Gropper, Auburn University

* R.W. Hafer, Southern Illinois

* University, Edwardsville

* Arthur Hall, Univ. of Kansas

* Steve Hanke, Johns Hopkins

* Stephen Happel, Arizona State University

* Frank Hefner, College of Charleston

* Ronald Heiner, George Mason University

* David Henderson, Hoover Institution, Stanford University

* Robert Herren, North Dakota State University

* Gailen Hite, Columbia University

* Steven Horwitz, St. Lawrence University

* John Howe, Univ. of Missouri, Columbia

* Jeffrey Hummel, San Jose State University

* Bruce Hutchinson, Univ. of Tennessee at Chattanooga

* Brian Jacobsen, Wisconsin Lutheran College

* Jason Johnston, Univ. of Pennsylvania

* Boyan Jovanovic, New York University

* Jonathan Karpoff, Univ. of Washington

* Barry Keating, Univ. of Notre Dame

* Naveen Khanna, Michigan State University

* Nicholas Kiefer, Cornell University

* Daniel Klein, George Mason University

* Paul Koch, Univ. of Kansas

* Narayana Kocherlakota, Univ. of Minnesota

* Marek Kolar, Delta College

* Roger Koppl, Fairleigh Dickinson University

* Kishore Kulkarni, Metropolitan State College of Denver

* Deepak Lal, UCLA

* George Langelett, South Dakota State University

* James Larriviere, Spring Hill College

* Robert Lawson, Auburn University

* John Levendis, Loyola University New Orleans

* David Levine, Washington University in St. Louis

* Peter Lewin, Univ. of Texas at Dallas

* Dean Lillard, Cornell University

* Zheng Liu, Emory University

* Alan Lockard, Binghampton University

* Edward Lopez, San Jose State University

* John Lunn, Hope College

* Glenn MacDonald, Washington

* University in St. Louis

* Michael Marlow, California

* Polytechnic State University

* Deryl Martin, Tennessee Tech University

* Dale Matcheck, Northwood University

* Deirdre McCloskey, Univ. of Illinois, Chicago

* John McDermott, Univ. of South Carolina

* Joseph McGarrity, Univ. of Central Arkansas

* Roger Meiners, Univ. of Texas at Arlington

* Allan Meltzer, Carnegie Mellon University

* John Merrifield, Univ. of Texas at San Antonio

* James Miller III, George Mason University

* Jeffrey Miron, Harvard University

* Thomas Moeller, Texas Christian University

* John Moorhouse, Wake Forest University

* Andrea Moro, Vanderbilt University

* Andrew Morriss, Univ. of Illinois at Urbana-Champaign

* Michael Munger, Duke University

* Kevin Murphy, Univ. of Southern California

* Richard Muth, Emory University

* Charles Nelson, Univ. of Washington

* Seth Norton, Wheaton College

* Lee Ohanian, Univ. of California, Los Angeles

* Lydia Ortega, San Jose State University

* Evan Osborne, Wright State University

* Randall Parker, East Carolina University

* Donald Parsons, George Washington University

* Sam Peltzman, Univ. of Chicago

* Mark Perry, Univ. of Michigan, Flint

* Christopher Phelan, Univ. of Minnesota

* Gordon Phillips, Univ. of Maryland

* Michael Pippenger, Univ. of Alaska, Fairbanks

* Tomasz Piskorski, Columbia University

* Brennan Platt, Brigham Young University

* Joseph Pomykala, Towson University

* William Poole, Univ. of Delaware

* Barry Poulson, Univ. of Colorado at Boulder

* Benjamin Powell, Suffolk University

* Edward Prescott, Nobel laureate

* Gary Quinlivan, Saint Vincent College

* Reza Ramazani, Saint Michael's College

* Adriano Rampini, Duke University

* Eric Rasmusen, Indiana University

* Mario Rizzo, New York University

* Richard Roll, Univ. of California, Los Angeles

* Robert Rossana, Wayne State University

* James Roumasset, Univ. of Hawaii at Manoa

* John Rowe, Univ. of South Florida

* Charles Rowley, George Mason University

* Juan Rubio-Ramirez, Duke University

* Roy Ruffin, Univ. of Houston

* Kevin Salyer, Univ. of California, Davis

* Pavel Savor, Univ. of Pennsylvania

* Ronald Schmidt, Univ. of Rochester

* Carlos Seiglie, Rutgers University

* William Shughart II, Univ. of Mississippi

* Charles Skipton, Univ. of Tampa

* James Smith, Western Carolina University

* Vernon Smith, Nobel laureate

* Lawrence Southwick, Jr., Univ. at Buffalo

* Dean Stansel, Florida Gulf Coast University

* Houston Stokes, Univ. of Illinois at Chicago

* Brian Strow, Western Kentucky University

* Shirley Svorny, California State

* University, Northridge

* John Tatom, Indiana State University

* Wade Thomas, State University of New York at Oneonta

* Henry Thompson, Auburn University

* Alex Tokarev, The King's College

* Edward Tower, Duke University

* Leo Troy, Rutgers University

* David Tuerck, Suffolk University

* Charlotte Twight, Boise State University

* Kamal Upadhyaya, Univ. of New Haven

* Charles Upton, Kent State University

* T. Norman Van Cott, Ball State University

* Richard Vedder, Ohio University

* Richard Wagner, George Mason University

* Douglas M. Walker, College of Charleston

* Douglas O. Walker, Regent University

* Christopher Westley, Jacksonville State University

* Lawrence White, Univ. of Missouri at St. Louis

* Walter Williams, George Mason University

* Doug Wills, Univ. of Washington Tacoma

* Dennis Wilson, Western Kentucky University

* Gary Wolfram, Hillsdale College

* Huizhong Zhou, Western Michigan University

 

Additional economists who have signed the statement

 

* Lee Adkins, Oklahoma State University

* William Albrecht, Univ. of Iowa

* Donald Alexander, Western Michigan University

* Geoffrey Andron, Austin Community College

* Nathan Ashby, Univ. of Texas at El Paso

* George Averitt, Purdue North Central University

* Charles Baird, California State University, East Bay

* Timothy Bastian, Creighton University

* John Bethune, Barton College

* Robert Bise, Orange Coast College

* Karl Borden, University of Nebraska

* Donald Boudreaux, George Mason University

* Ivan Brick, Rutgers University

* Phil Bryson, Brigham Young University

* Richard Burkhauser, Cornell University

* Edwin Burton, Univ. of Virginia

* Jim Butkiewicz, Univ. of Delaware

* Richard Cebula, Armstrong Atlantic State University

* Don Chance, Louisiana State University

* Robert Chatfield, Univ. of Nevada, Las Vegas

* Lloyd Cohen, George Mason University

* Peter Colwell, Univ. of Illinois at Urbana-Champaign

* Michael Connolly, Univ. of Miami

* Jim Couch, Univ. of North Alabama

* Eleanor Craig, Univ. of Delaware

* Michael Daniels, Columbus State University

* A. Edward Day, Univ. of Texas at Dallas

* Stephen Dempsey, Univ. of Vermont

* Allan DeSerpa, Arizona State University

* William Dewald, Ohio State University

* Jeff Dorfman, Univ. of Georgia

* Lanny Ebenstein, Univ. of California, Santa Barbara

* Michael Erickson, The College of Idaho

* Jack Estill, San Jose State University

* Dorla Evans, Univ. of Alabama in Huntsville

* Frank Falero, California State University, Bakersfield

* Daniel Feenberg, National Bureau of Economic Research

* Eric Fisher, California Polytechnic State University

* Arthur Fleisher, Metropolitan State College of Denver

* William Ford, Middle Tennessee State University

* Ralph Frasca, Univ. of Dayton

* Joseph Giacalone, St. John's University

* Adam Gifford, California State Unviersity, Northridge

* Otis Gilley, Louisiana Tech University

* J. Edward Graham, University of North Carolina at Wilmington

* Richard Grant, Lipscomb University

* Gauri-Shankar Guha, Arkansas State University

* Darren Gulla, Univ. of Kentucky

* Dennis Halcoussis, California State University, Northridge

* Richard Hart, Miami University

* James Hartley, Mount Holyoke College

* Thomas Hazlett, George Mason University

* Scott Hein, Texas Tech University

* Bradley Hobbs, Florida Gulf Coast University

* John Hoehn, Michigan State University

* Daniel Houser, George Mason University

* Thomas Howard, University of Denver

* Chris Hughen, Univ. of Denver

* Marcus Ingram, Univ. of Tampa

* Joseph Jadlow, Oklahoma State University

* Sherry Jarrell, Wake Forest University

* Carrie Kerekes, Florida Gulf Coast University

* Robert Krol, California State University, Northridge

* James Kurre, Penn State Erie

* Tom Lehman, Indiana Wesleyan University

* W. Cris Lewis, Utah State University

* Stan Liebowitz, Univ. of Texas at Dallas

* Anthony Losasso, Univ. of Illinois at Chicago

* John Lott, Jr., Univ. of Maryland

* Keith Malone, Univ. of North Alabama

* Henry Manne, George Mason University

* Richard Marcus, Univ. of Wisconsin-Milwaukee

* Timothy Mathews, Kennesaw State University

* John Matsusaka, Univ. of Southern California

* Thomas Mayor, Univ. of Houston

* W. Douglas McMillin, Louisiana State University

* Mario Miranda, The Ohio State University

* Ed Miseta, Penn State Erie

* James Moncur, Univ. of Hawaii at Manoa

* Charles Moss, Univ. of Florida

* Tim Muris, George Mason University

* John Murray, Univ. of Toledo

* David Mustard, Univ. of Georgia

* Steven Myers, Univ. of Akron

* Dhananjay Nanda, University of Miami

* Stephen Parente, Univ. of Minnesota

* Allen Parkman, Univ. of New Mexico

* Douglas Patterson, Virginia Polytechnic Institute and University

* Timothy Perri, Appalachian State University

* Mark Pingle, Univ. of Nevada, Reno

* Ivan Pongracic, Hillsdale College

* Richard Rawlins, Missouri Southern State University

* Thomas Rhee, California State University, Long Beach

* Christine Ries, Georgia Institute of Technology

* Nancy Roberts, Arizona State University

* Larry Ross, Univ. of Alaska Anchorage

* Timothy Roth, Univ. of Texas at El Paso

* Atulya Sarin, Santa Clara University

* Thomas Saving, Texas A&M University

* Eric Schansberg, Indiana University Southeast

* John Seater, North Carolina University

* Alan Shapiro, Univ. of Southern California

* Frank Spreng, McKendree University

* Judith Staley Brenneke, John Carroll University

* John E. Stapleford, Eastern University

* Courtenay Stone, Ball State University

* Avanidhar Subrahmanyam, UCLA

* Scott Sumner, Bentley University

* Clifford Thies, Shenandoah University

* William Trumbull, West Virginia University

* Gustavo Ventura, Univ. of Iowa

* Marc Weidenmier, Claremont McKenna College

* Robert Whaples, Wake Forest University

* Gene Wunder, Washburn University

* John Zdanowicz, Florida International University

* Jerry Zimmerman, Univ. of Rochester

* Joseph Zoric, Franciscan University of Steubenville"

 

 

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To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.

 

How do you think we got in this mess, dumbshit?

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SimpsonsNerd.gif

 

"Ng, what we need to do here is umn yeah, reduce corporate taxes, and then umm deregulate industry. The ngg profits from ynug outsourcing jobs and removing protections for workers and the environment will unh trickle down on, uh I mean down to, everyone nyag. I uhh have it all written down on this cocktail napkin. yggg Let's first assume we have a can opener...

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Studying the experience of countries that have experienced great depressions during the twentieth century teaches us that massive public interventions in the economy to maintain employment and investment during a financial crisis can, if they distort incentives enough, lead to a great depression.

-- Federal Reserve Bank of Minneapolis / Research Department Staff Report 421 (The Current Financial Crisis: What Should We Learn from the Great Depressions of the Twentieth Century?)

 

The analysis of great depressions shows that the type of shock that starts the depression is less important than reaction to the shock by the economy and, in particular, the government.
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It's quite enertaining to view the hyprocisy and stunning reversal of right from shovelling money out the door and into rat holes to now trying to block every effort in spending. Bottom like is they got their asses kicked and want to make for rough sledding at every turn. Don't you guys have any ideas besides tax cuts for crying out loud? Eight years of your BS got us where we are now. Sit down and shut up.

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I think that, deep down, you actually like this whole debacle.

 

If that were the case, then I'd have voted for John McCain and Sarah Palin and continue blindly touting the very same failed policies that created the problems. Namely, tax cuts for the rich, deregulation, trickle-down horseshit, and letting the "self-regulating market" take care of everything from Ponzi schemes to peanut butter.

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The demlicans gave us the budget for the last umpteen years giving us our huge debt without even counting "solcial security" and medicair which are completely unfunded.

 

Where has the debt come from? The fact that we have been spending money to keep the good times rolling to cover our $500Billion a year trade deficit as a nation. That means that for every man woman and child in USA we throw:

 

$500B/300M = approxamitely $1666 dollars a person thrown OUT of the country. That money has to come from somewhere. Keep throwing money away to China/India, guess what, its a depression in USA and China/India is booming.

 

Get rid of regulations like OSHA and unions which create GIANT burdens on ALL businesses to do anything. How much does it cost to change a light bulb after getting 3 permits(bribes) and how many of your own workers who can't work because there is no light? Instead of just changing the light bulb yourself?

 

Yea, that is why businesses are RUNNING from the USA. Not taxes, REGULATIONS. Can't fart or pick your nose without a permit and 5 "safety" inspectors checking out your technique.

 

Brian

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...as a great big THANK YOU to those who supported Democrats in 2008. But it looks like this bill is too rancid even for a few honorable senate Dems. Will there be enough of them crossing over to give this abomination the smack down it deserves?

 

If I can paraphrase your statement: "It was 8 years of relentless hard work for Bush/Cheney to steer us into this massive shithole, how come the dems can't fix it in 15 min?"

 

so with that in mind..... :lmao:

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Get rid of regulations like OSHA and unions which create GIANT burdens on ALL businesses to do anything. How much does it cost to change a light bulb after getting 3 permits(bribes) and how many of your own workers who can't work because there is no light? Instead of just changing the light bulb yourself?

 

Yea, that is why businesses are RUNNING from the USA. Not taxes, REGULATIONS. Can't fart or pick your nose without a permit and 5 "safety" inspectors checking out your technique.

 

Brian

 

Been there, done that.

 

pod0219.jpg

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Havent had a trade surplus since 1975. We have been using inflation and a huge national debt to cover this fact. The chickens have finally come home to roost. Look what a good 2000 square foot house cost in 1975. $35,000 Now, its $200,000. That is a 5x to 6x inflation in 30 years. Pretty sad. Food prices have been subsidized by the feds, thus they have remained low.

 

In other words, they inflated the dollar so we keep buying less and less even though our consumption(imports) from outside of the USA are increasing.

 

Its called an unstable system. Just a matter of time before the chickens start crapping all over the parade.

 

Brian

Edited by Wastral
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Get rid of regulations like OSHA and unions which create GIANT burdens on ALL businesses to do anything. How much does it cost to change a light bulb after getting 3 permits(bribes) and how many of your own workers who can't work because there is no light? Instead of just changing the light bulb yourself?

 

Yea, that is why businesses are RUNNING from the USA. Not taxes, REGULATIONS. Can't fart or pick your nose without a permit and 5 "safety" inspectors checking out your technique.

 

Brian

 

As a business owner, I've never seen OSHA in this state being overly burdensome. The few encounters I've personally had with OSHA have been productive, simple and easy. They run pretty lean and frankly I'm happy they exist. Maybe you have some specific example of something different though.

 

Don't know if I can argue the union thing, but clearly that is a choice workers can and do make. If it makes them unprofitable, then it's sadly goodby.(car industry, GM is union, Nisson and Toyota in the US are non-union -but are the unions the reason for the demise? Maybe a bit.) There are a lot of things which we have that overseas competition can often skip. Environmental and government regulation is a small part I'm sure, however, I suspect that our over litigious legal system is a much greater cost. That hidden tax gets slapped on us by our fellow jurists. If average people on these juries started looking askance at some of these lawsuits and calling bullshit, they'd go away. They do have an actual function of helping to protect us all.

 

Government policies on both sides of the ocean do contribute, I'm not saying they do not. Until recently, in my industry, any Chinese company who exported into the US, received an additional 13% on top of what they exported kicked right back to them from their government. Coupled with low labor costs and low taxes....it was substantial.

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Well, when a kid from High School with 0 job experience can make $50k a year in the car and aerospace industry, while a college engineering graduate makes the same, something is wrong...

 

Its called union

 

Yes, I agree, litigation is also a huge concern. As far as I am concerned, the judge should be allowed to rule against the litigator for twice the damages they were seeking from the defendant when its clear its a complete BS case. Like the McDonalds coffee case and umpteen millions of other cases.

 

It would clear up our legal system in a jiffy.

 

Brian

Edited by Wastral
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