Why I aint a Republican
Quote: Originally Posted by Wry Catcher
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... Henry Ford had a different idea, pay those who made his cars a wage allowing them to buy the product they made. Seems to make more sense and why I believe we must elect officials able to save Capitalism from the Capitalists.
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Rabbi and Wiseacre, youre both correct. Henry Fords labor problem and his solution were motivated by self interest rather than altruism. Certainly self interest and profit are not indecent or unusual goals.
Wry Catcher correctly described the consequences of the example that Ford set. Regardless of Fords motivation, greater purchasing power of the median wage is the defining characteristic of a robust middle income population segment.
Im among those that believed the exorbitant concentration of wealth of the extremely fortunate few and the extremely slim segment of middle income earners of the 1920s heralded the poorer economic conditions that followed. I shudder when I consider that the NY Stock market is at historic high while the purchasing power of the median wage hardly increases and too often it has actually decreased.
The difference between the roaring twenties economy and that of today is the New Deal policies that were enacted during the great 1930s depression. The excesses and the deliberate financial frauds of the Roaring Twenties that was rampant then is very similar to the saving and loan fiasco and the credit crunch that weve have witnessed. A major difference between then and now is the New Deal policies that were enacted during the great 1930s depression. Due to those laws our economy is much better than otherwise.
Its been 68 years since FDR was buried and the Republican Party is still trying to reverse history. There are always those confusing their own best interests and that of our nations economy. Consider if Wall Street political donors had succeeded to induce the privatization of Social Security system. Within normal cycles of commerce there are recessions. What if your retirement occurred simultaneously with a depression of stock market prices?
Wry Catcher, what do you mean by saving "Capitalism from the Capitalists"?
Respectfully, Supposn
Quote: Originally Posted by Wry Catcher
...,
... Henry Ford had a different idea, pay those who made his cars a wage allowing them to buy the product they made. Seems to make more sense and why I believe we must elect officials able to save Capitalism from the Capitalists.
///////////////////////////////////////////////////////////////
Rabbi and Wiseacre, youre both correct. Henry Fords labor problem and his solution were motivated by self interest rather than altruism. Certainly self interest and profit are not indecent or unusual goals.
Wry Catcher correctly described the consequences of the example that Ford set. Regardless of Fords motivation, greater purchasing power of the median wage is the defining characteristic of a robust middle income population segment.
Im among those that believed the exorbitant concentration of wealth of the extremely fortunate few and the extremely slim segment of middle income earners of the 1920s heralded the poorer economic conditions that followed. I shudder when I consider that the NY Stock market is at historic high while the purchasing power of the median wage hardly increases and too often it has actually decreased.
The difference between the roaring twenties economy and that of today is the New Deal policies that were enacted during the great 1930s depression. The excesses and the deliberate financial frauds of the Roaring Twenties that was rampant then is very similar to the saving and loan fiasco and the credit crunch that weve have witnessed. A major difference between then and now is the New Deal policies that were enacted during the great 1930s depression. Due to those laws our economy is much better than otherwise.
Its been 68 years since FDR was buried and the Republican Party is still trying to reverse history. There are always those confusing their own best interests and that of our nations economy. Consider if Wall Street political donors had succeeded to induce the privatization of Social Security system. Within normal cycles of commerce there are recessions. What if your retirement occurred simultaneously with a depression of stock market prices?
Wry Catcher, what do you mean by saving "Capitalism from the Capitalists"?
Respectfully, Supposn
