posted February 27, 2014 04:51 PM            

Without some protections and a healthy govt to rein them in the kings of industry so admired in the gilded age will crown themselves kings of everything...sonething the Regressives among us like to ignore and deny...

posted February 27, 2014 09:02 PM            

The free market is what is driving this change. That is why Walmart shares are going down, with their profits, while Costco's are going up. Who wants to work for Walmart, undergo the tedium and indignity of Social Services redtape, and sell inferior products when companies like Costco deliver value AND good wages with benefits?

As I said earlier, Henry Ford understood this and his parking lots were full of Fords...and his bank account full of millions. Hardly a disaster, was it?

posted February 27, 2014 09:42 PM            

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Originally posted by AcousticGod:
Military families rely on $100 million worth of food stamps a year. http://www.huffingtonpost.com/2013/06/19/food-stamps-military_n_3462465.html

I agree with Cat. Companies shouldn't be able to pay out investors while their own employees need government assistance. There's a fundamental problem there, and that [b]should very well be a concern among Conservatives as well. [/B]

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It's not a company's responsibility to ensure their employees are not on government assistance. Their only obligation is to follow minimum wage and the countless other laws and regulations. Walmart is not responsible for paying each employee whatever that individual needs, depending on a number of factors including how many children they have. Why should an employer be responsible for feeding all the children an employee has and raise the wage for each individual accordingly? That's what we have public assistance for. Some people may have one child. Some may have seven. That is not Walmart's responsibility.

posted February 28, 2014 11:12 AM            

Then, the nitwit O'Bomber wants to import another 20-30 million low skilled workers into the American workforce to compete for low paying jobs in the US...which drives low skilled labor rates down further. Unless of course they're artificially propped up by federal fiat.

There's no intelligent life there at all.

Why is that leftists who are the least capable among us intellectually always gravitate to government. I suppose never having to be accountable for their actions is a big plus.

But, there's an election coming in November and another election in 2016. Though demoscats are trying to run away from O'Bomber's insanity, da folks know who's marched in lockstep with the Marxist Messiah to destroy the US economy and destroy the best health care delivery system in the world.

This minimum wage nonsense is an attempt at distracting voters from the utter failure of O'Bomber and his Socialist demoscats in Congress on the economy and O'BomberCare.

February 28, 2014
Fed Chairman Yellen backs CBO study on minimum wage job loss
Thomas Lifson

Janet Yellen, the newly-installed head of the Federal Reserve System, is exercising her political independence (she cannot be fired during her five year term as Chairman of the Fed’s Board of Governors) and telling the truth about the new minimum wage proposed by President Obama. Joseph Lawler reports in the Examiner:

Federal Reserve Chairwoman Janet Yellen lent credence Thursday to a Congressional Budget Office study of the minimum wage that White House economists had criticized for its finding that an increase favored by President Obama would cost 500,000 jobs.

In an unusual criticism of the nonpartisan budget scorekeeper, Jason Furman, chairman of the president's Council of Economic Advisers, had responded to the CBO report by directly challenging its estimates of job losses, claiming that they "do not reflect the overall consensus view of economists."

Yellen, who held the same position Furman does under President Bill Clinton, disagreed with that assessment at a Senate Banking Committee hearing.

"CBO is as qualified as anyone to evaluate that literature," Yellen said in response to a question from Sen. Dean Heller, R-Nev. "I wouldn’t want to argue with their assessment.”

This is refreshing indeed. Furman’s statement was shocking in its dishonesty. He was pandering to the president at whose pleasure he serves. The Democrats are ginning up a campaign issue and want to pretend that raising the price of something does not cause demand to shrink. That is dishonest.

posted February 28, 2014 12:51 PM            

And YTA, I beg to differ with you. The big banks are now, and have been, buying large portions of the industries they may or may not have funded...
http://m.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212

posted February 28, 2014 12:58 PM            

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Because Democrats want to deflect from the Obamacare catastrophe in an election year. Speaking of which, you can blame Obamacare for full time workers being cut to part time later this year.

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And you wonder why I don't think you'd respect Obama more if he stuck to his guns. He did so with Obamacare, and you've been carrying on about it ever since. You don't consider that a moral victory for Obama, though he was able to do something most Democrats have been unable to do.

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Thanks for the clarification.

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YTA's post wasn't any kind of clarification. It was a bit of self-serving rhetoric. There is no show without the employees. Obvious.

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Liberals don't get much of anything, though.

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Says the guy that's been getting a lot obviously wrong lately.

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The company is run to provide a maximal return on equity investment to the shareholders, and that is the prime objective. Everything else is a secondary consideration

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But shouldn't be as the articles I've posted here suggest. The Great Depression came out of the atmosphere we currently inhabit. You know what they say about those that disregard history.

Ten years after PriceClub (CostCo's originator) started it was considered the best managed company by Forbes magazine. It had been profitable after only three years of existence. If you look up CostCo's stock performance versus Walmart's, you'll find article after article noting how much better CostCo does and has done. CostCo's beating WalMart and Target both. It's embarrassing to be a WalMart in the face of CostCo. Meanwhile, Survey Says: Walmart Is Worst Discount Retailer & Worst Supermarket. Trader Joe's also kicks WalMart's ass (The contenders included all the big names in supersize grocery chains, including Safeway, Giant Food, Stop & Shop, Publix, Whole Foods and Walmart, but the overall favorite store named by consumers was a small retailer with a neighborhood-market feel and very few national brands: Trader Joe’s.)