60 Minutes: 99ers!!!!!!!!!!!!!!!!!!!!!!!!!

Quote from Covertibility:

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Don't shoot the americans, let em burn. How's that capitalist system working out for y'all? It appears the banks will be asking for another TARP.

Aahh socialism, the only stable economic system known to man.

Don't know where you live, but please allow this American to inform you that we don't have capitalism here. What we have is some crossbreed of socialism and manipulation/thuggery.
 
Quote from BSAM:

This thread ain't about poor people. It's about a bunch of lazy asses who don't want to work, except at a job that they just want. There's a lot of good poor people in the USA who would love that $9.25 an hour job at Target.

Yet, they got time to be whining on CBS's 60 Minutes while their 99 weeks of vacation run out.

I bet every one of those whining jerks go get a job as soon as they feel hungry and run out of their taxpayer funded lifestyle.
That's why unemployment benefits should NOT be extended.
 
Not only that, the guy chose to involve himself in the worst possible industry during a time of hardship..... is there any wonder why this guy is now unemployed?

Geee man, lets start a duct cleaning business, after i got laid off because of a housing collapse..... during the worst housing market in history...... yeah that sounds smart....

Is this what we have come to? Am i supposed to feel sorry for a guy who cashes out his 401k for a housing related business during a a full blown housing crash?

With thinking like this Its no wonder these guys who were making huge salaries got canned.

Quote from Mayhem:

I am sure there's a place in the biz world for franchises, but a duct cleaning business with a heavily customized and branded truck with your 401k funds is in the clown shoes zone.

I dunno, I imagine if I had a passion for opening a taco stand or chinese restaurant, I would open my own independent restaurant, make it a success, develop an operating model, open a few more locations, then talk to lawyers about becoming a franchisor myself.

Casual restaurants are complex businesses with tough regulatory requirements, extensive labor management issues, tight margins that demand scale and work flow efficiency, and with a client base that strongly favors recognizable brands.... Duct cleaning, on the other hand...
 
Quote from Expect Positive:

DAMN you guys are a tough crowd.

Sorry, some people deserver to be treated like an idiot......

The guy who opened up a duct cleaning business during a housing collapse may as well have put up a pork serving hot dog stand on the israel/palestine border, while professing his christian values.......

Yes, Its that stupid..... :D
 
How's that capitalist system working out for y'all?
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Well, lets see Smart Ass. I make up my own hours but love my "Work" and I tend to work more than I ever have in my life...but break it up with trips to the dog park, to the coffe shop....keeps the day more interesting.

I will break figuers this year, not scene in my career as a Trader or working for a "Private Equity Firm" as a "Team member", making other people wealthy.

I work from my Loft (Home for you subburb folk). Moving into my new Loft in Austin Texas Jan 2011....

I am an LLC, so next year will only effect me if I pay myself out 6 figuers plus as a salary, which I will not do if taxes are raised. I'll run everything legally that I can through the LLC.

So far Capitalism is working well for me. It's the Freeloaders, Liberals, Big Corporations, sheeple and not so sharp people that will bear the brunt of this Depression.

True Capitalist are changing, adapting, and making money.


Even if this country goes the way of France, Italy, Greece...True Capitalist will adapt and make money. Hence, the Final Chapter of Atlas Shrugged...
 
Quote from Hello:

Sorry, some people deserver to be treated like an idiot......

The guy who opened up a duct cleaning business during a housing collapse may as well have put up a pork serving hot dog stand on the israel/palestine border, while professing his christian values.......

Yes, Its that stupid..... :D

:p :D Maybe burkhas and kevlar would be appropriate?
 
Some quick points from the CBS segment-

1) That first lady said "the lowest job she applied for was as a clerk" in some government office.

--Almost two years unemployed, living with strangers, no money, and she never even tried to get a job working as a waitress or counter help at a fast food restaurant? C'mon. At least pretend that you really want to work. McDonalds is always hiring. Always.


2) At the end of the group session for the unemployed, one lady said she was going to "lose her house within the next 3 months" and she's been in the house "since 1982".

--How is that possible? 28 years paying down a mortgage should have produced some nice equity unless you used your house as an ATM machine.


3) As much as I want to rag on that guy who bought into a Ductz franchise (might as well been selling heating blankets at the equator), I give him credit for trying to start a business where both he and his son could be gainfully employed. It was a poor choice of business, but it's better than the other "99ers" who won't take jobs that are beneath them.

I feel bad for some of the "99ers", but we all know a LARGE MAJORITY of them won't take jobs unless they pay substantially more than what they're getting for doing nothing from the government.
 
Quote from Clubber Lang:
3) As much as I want to rag on that guy who bought into a Ductz franchise (might as well been selling heating blankets at the equator), I give him credit for trying to start a business where both he and his son could be gainfully employed. It was a poor choice of business, but it's better than the other "99ers" who won't take jobs that are beneath them.

OK, credit where credit is due: The guy tried something. I just can't believe he was a $200k/year executive before the crash. This guy should not be involved in making any business decisions.

I feel sorry for his son. One hopes the kid takes away some lessons and a work ethic from the experience. Still, if the kid wants to go to college instead of the military, there are ways to do that. Oh well, mother nature is cruel sometimes.
 
Quote from Mayhem:

.....I feel sorry for his son. One hopes the kid takes away some lessons and a work ethic from the experience......

Maybe he should change his name and run away with the circus.
 
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