View Full Version : Numbers in the News (Hostess and Unions)
glgene
11-24-2012, 07:50 PM
"The Hostess union turned down an 8% pay cut to take a 100% pay cut?"
-- Wall Street Journal, 11/24
eweissenbach
11-24-2012, 07:52 PM
"The Hostess union turned down an 8% pay cut to take a 100% pay cut?"
While it sounds illogical it is probably not that simple.
skip0358
11-24-2012, 07:53 PM
"The Hostess union turned down an 8% pay cut to take a 100% pay cut?"
Yea and management took no cuts and will be there to the end.
PaPaLarry
11-24-2012, 08:05 PM
Yea and management took no cuts and will be there to the end.
If they go bankrupt, then there will be no management either???? In this economy, I think everyone has to try to give a little, so everyone can at least survive. Seems to me the union made a wrong decision, when they represent all their members!! If someone buys them out, does union workers keep their job and benefits???
skip0358
11-24-2012, 08:07 PM
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.
And it's always the workers or unions fault. Please !!!
PaPaLarry
11-24-2012, 08:30 PM
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.
And it's always the workers or unions fault. Please !!!
I'm not putting any blame on anyone, but why give up a permanent paycheck when the economy is so bad? I just dont like to see people lose jobs, because of decisions of a few, that hurt many. Lets hope someone can buy the company, and some of the workers can come back. Right now, NOBODY won!!! But a lot have lost, and the union too.
graciegirl
11-24-2012, 08:57 PM
I'm not putting any blame on anyone, but why give up a permanent paycheck when the economy is so bad? I just dont like to see people lose jobs, because of decisions of a few, that hurt many. Lets hope someone can buy the company, and some of the workers can come back. Right now, NOBODY won!!! But a lot have lost, and the union too.
You are right. So many buy the promises and lose the ability to feed their family. Something is better than nothing.
but you will never convince a die hard person who thinks the unions are always right. There are a lot of crooked people in the unions too.
In hard times compromises must be made. The high ups in the unions make a ton of money too. No group is all right or all wrong.
lovesports
11-24-2012, 09:13 PM
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.
And it's always the workers or unions fault. Please !!!
I get it and thanks for posting. We have a robber baron situation.
Easy for people in the baby boom generation to judge when they never had the situation these workers are in. Look further, this CEO has more compensation than all the workers put together!!! Not one contact with the workers was in good faith.
A company with suppose money problems doesn't give the CEO a 300 percent raise to 2,550,000!!!! The CEO made sure he put this company in bankruptcy. The CEO could have just increased his compensation 200% and saved the company. Closing this company will make this CEO even more money as he sells rights to the product.
Blame the worker who was saving this company money each year with their cut backs!!! Plain to see its the fault of the greedy who wanted this company to fail.
They see a worker as a peasant or a slave.
Patty55
11-24-2012, 09:26 PM
I just hope somebody takes over making Yankee Doodles.
skip0358
11-24-2012, 09:35 PM
I get it and thanks for posting. We have a robber baron situation.
Easy for people in the baby boom generation to judge when they never had the situation these workers are in. Look further, this CEO has more compensation than all the workers put together!!! Not one contact with the workers was in good faith.
A company with suppose money problems doesn't give the CEO a 300 percent raise to 2,550,000!!!! The CEO made sure he put this company in bankruptcy. The CEO could have just increased his compensation 200% and saved the company. Closing this company will make this CEO even more money as he sells rights to the product.
Blame the worker who was saving this company money each year with their cut backs!!! Plain to see its the fault of the greedy who wanted this company to fail.
They see a worker as a peasant or a slave.
Agree I WAS a union worker and retired in 2009. My retirement was just changed because the union had to take concessions this year whlie the CEO who vowed to break the union got a BIG FAT RAISE and now gets 65K per day. That's right per day but he got the concessions he wanted and the workers and retirees took it on the chin.
justjim
11-24-2012, 11:40 PM
While it sounds illogical it is probably not that simple.
I agree it's never that simple. Have you noticed as the unions have been shrinking so has the middle class. Something to think about.
beartrack
11-24-2012, 11:41 PM
I Don't mean to make an argument here but, truth be told the unions have just gone too far. As a third generation union man I have seen the times when the unions were the best thing that ever happened for the workers but, over the years their demands put one company after the other out of business. When I began my career there were 7000 men in my union. We had 13 major companys under our jurisdiction plus many other smaller companys all within a fifty mile radius of New York City. Today, there are only three major companys in our jurisdiction and only a handfull of small companys left and two of the major companys are in chapter 11. Of the 7000 men that I started with only 600 remain. Oh sure, they have great jobs and terrific benefits but, 6300 jobs went out the window and one more failure and this over 100 year old union will be gone. My pension is vested so i and some other retirees will be safe but, many others will lose everything. Common sense needs to prevail in negotiations, you can not get blood out of a stone.
wendyquat
11-25-2012, 12:16 AM
Just kind of makes you wonder if the whole dang country is being run by crooks!:throwtomatoes:
Roaddog53
11-25-2012, 08:49 AM
You are right. So many buy the promises and lose the ability to feed their family. Something is better than nothing.
but you will never convince a die hard person who thinks the unions are always right. There are a lot of crooked people in the unions too.
In hard times compromises must be made. The high ups in the unions make a ton of money too. No group is all right or all wrong.
:BigApplause: Exactly spot on. I have seen it on both ends. Management does have some ridiculous money increases, salaries, and ineptness in running a business. The "mommy or daddy boy/girl behind the scenes in management, good ole boys, and suck ups.). But I can also tell you from first hand experiences with unions that their leadership constantly berated their membership behind their backs, laughed at their requests, made obnoxious monies, huge stipends (from union paid cars such as a corvette, monthly clothes allowances and expense reports out of this world, and salaries not open or "divulged totally" to members. They don't want to give up those perks either since they are "entitled" to them. But they were elected like politicians and look what we have there!
The unions had there place years ago when management abused workers. In recent times though, it got to a point that they won many concessions and just looked for more so they could justify their existence to the contingency. That to hurt businesses. salaried and union employees/retirees both have taken large losses recently. Unfortunately due to what is talked about and the times.
I am not taking either sides but saddened by the loss of more workers. No one wins when a company goes under due mismanagement and union stubbornness. Just more unemployment and hard times for families.
BarryRX
11-25-2012, 10:36 AM
The power struggle between workers and management has been going on for a long time. When the unions first started to gain power, there was a real need for them to protect workers. The pendulum of power swung to the side of the unions in the 50's and 60's and some of their demands have resulted in harm to many companies and the people they employed by saddling those companies with a higher cost structure. Now, as power has shifted away from unions and back towards management, combined with an economy that forces us to compete globally against 3rd world labor, we will start to see abuses by management that will once again make unions more attractive. This change may not occur in my lifetime, but the pendulum swings both ways. Unions have ceased to be an issue in this country. Only a very small percentage of workers belong to a union. While labor costs are part of the Hostess issue, mismanagement and changing tastes are a bigger piece of the pie (pun intended). What is a bigger problem in this country seems to me to be the rising disparity between the compensation of workers and management and our rapidly shrinking middle class (the rich are getting richer and the poor are getting poorer). At one time, unions were what made our middle class, but I no longer believe they can do that again, simply because they they interfere with the free market by artificially raising labor prices above supply and demand levels, therefore decreasing the competitiveness of companies. Bu there has to be another solution than paying our workers 50 cents a day to compete with Vietnames workers or complete automation to eliminate all workers, I just don't know what it is.
NotGolfer
11-25-2012, 12:17 PM
Aren't the retirement benefits of unions put into a pension fund? Then why was if when the auto factories went out of business folks lost their retirements?? Was it like a ponzi?? Just asking because I don't know. My dad was union but he was born in 1900 so back in those early days of the 20 century...I'm sure unions helped folks get decent wages plus work conditions etc. But that being said...haven't we lost the need for unions? I'm just asking because I don't know. Seems that the higher up management of companies seem to benefit more than the workers in alot of ways.
skip0358
11-25-2012, 01:06 PM
Aren't the retirement benefits of unions put into a pension fund? Then why was if when the auto factories went out of business folks lost their retirements?? Was it like a ponzi?? Just asking because I don't know. My dad was union but he was born in 1900 so back in those early days of the 20 century...I'm sure unions helped folks get decent wages plus work conditions etc. But that being said...haven't we lost the need for unions? I'm just asking because I don't know. Seems that the higher up management of companies seem to benefit more than the workers in alot of ways.
Pension funding requirement were changed. The government changed the amount of funding that was required years ago. You'd be amased how many current day pensions are underfunded and how many have been raided to give bonuses to top Execs.Do a search of pensions,makes for sad reading.
2BNTV
11-25-2012, 01:17 PM
I just hope somebody takes over making Yankee Doodles.
I want to be on your team Patty. :smiley:
lovesports
11-25-2012, 01:25 PM
Aren't the retirement benefits of unions put into a pension fund? Then why was if when the auto factories went out of business folks lost their retirements?? Was it like a ponzi?? Just asking because I don't know. My dad was union but he was born in 1900 so back in those early days of the 20 century...I'm sure unions helped folks get decent wages plus work conditions etc. But that being said...haven't we lost the need for unions? I'm just asking because I don't know. Seems that the higher up management of companies seem to benefit more than the workers in alot of ways.
The pension fund is put into investment vehicles and many states and companies lost on the investment.( like any investor) Wall street loves to get a hold of pension funds. Some pension funds were sold a bill of goods by Wall Street.
Many pensions have language that fund can call back pensions if the company "needs" the money or goes bankrupt. That's why many companies and investors like bankruptcy because they make a great deal of money. There has been a very conscience effort to break unions so these shady contacts can be written. Its the high high salaries of the CEO's that breaks companies and wanting to move them to third world countries.
Unions are needed more than ever. Paying workers a decent wage will bring back this economy. Workers and their families spend money everywhere. Keeping workers in poverty and living with benefits cost every taxpayer money.
This company is a prime example of blaming the Union when it was really over the top greed at the top.(CEO's salary) This greed leads them to put their companies in third world countries where workers are slaves. The hell with America.
As was said its not that simple but I can tell you the rich own the media and spin for the rich CEOs.
Many many in the Villages have pensions from the North.
The poorest workers are in the right to work states with no union. (South) These people work hard every day and will always be in poverty (year earnings 15,000)and also need government help to not starve while the top one percent can't spend all they make. Pay cash for everything and will pass this money down to children who will make more money, Rich get richer.
What am I doing on a computer! Must get out in the sun.
lovesports
11-25-2012, 01:32 PM
Pension funding requirement were changed. The government changed the amount of funding that was required years ago. You'd be amased how many current day pensions are underfunded and how many have been raided to give bonuses to top Execs.Do a search of pensions,makes for sad reading.
Yes Yes yes. Add that to my comment.
perrjojo
11-25-2012, 06:19 PM
Ummmm...anyone remember Braniff Airlines? Probably not...
KEVIN & JOSIE
11-25-2012, 06:27 PM
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.
And it's always the workers or unions fault. Please !!!
:agree: The CEO"S are a higher form of life than the workers...they deserve more....they say so! Have you ever watched Undercover Boss and seen the CEO'S homes? And these are the same ones that will want to take away from their workers to cut costs so they can continue to live their lavish lifestyles. I always say, if you can't earn a living wage....enough to provide for your family, you might as well not work.
janmcn
11-25-2012, 06:29 PM
People were lined up for hours this morning in the Tampa area to buy the last of the Hostess Brand items at outlet stores. Most of the people in line looked like they didn't need more Hostess HOHO's. I say good riddance...eat an apple instead. Is this a great country or what?
perrjojo
11-25-2012, 06:35 PM
Ummmm, some of you need to read Atlas Shrugged.
glgene
11-25-2012, 06:45 PM
People were lined up for hours this morning in the Tampa area to buy the last of the Hostess Brand items at outlet stores. Most of the people in line looked like they didn't need more Hostess HOHO's. I say good riddance...eat an apple instead. Is this a great country or what?
We're talking about 18,000 lost jobs with the Hostess demise. Sure wish they could have worked out a compromise.
I doubt if "Apple, Inc." will be hiring these ex-Hostess employees.
Bucco
11-25-2012, 07:27 PM
Hope the admin will allow this. I think it is germane to this conversation.
Whether we like it or not, or even admit to it, this country is now engaged in class and race warfare. This is evident in all walks of life, in all politics.
This mood of class is becoming more and more evident in business as well. Each class does not envy, does not wish to help, does not aspire for the other classes...they just demean them, no matter whether factual or not. We have accepted rich versus poor as an ongoing, never ending struggle and it becomes the basis for labor negotiations now as it never did before.
I surely do not know the answer, but listen.....hear... all the words you hear anymore define you and I as in one class or another...one race or another. We are not fellow countrymen anymore, we are rich or poor, black or white, illegal or not. There is no way to have a "melting pot" when the ingredients that "melt" are engaged in a "War" !!!
It is apparent when all you hear in the news anymore is color, financial status, etc.
THIS IS GERMANE to this discussion and is not meant to be political but what my understanding is of what is happening and it is not specific to labor negotiations
ilovetv
11-25-2012, 07:47 PM
Bucco stated the core of this "cancer" growing in our society. I always want to ask, "Just what is accomplished by ENVY???"
If the worker does not like the injustice they see in management crooks getting rich while the workers' income and benefits shrink, why do they stay and insist this is the only job on the planet they can ever do or have for the rest of their lives?
People move all the time to find new jobs and career tracks, and the illegal alien workers are an example of that. If you're lacking opportunities, you have to move to where there is more!
I don't understand people thinking that there is only one job they deserve to have for their whole working lives....under one single employer they loathe. Isn't it up to the worker, also, to take the initiative to find another job or job track if this one stinks?
Villages PL
11-25-2012, 08:04 PM
The answer may be that we live in a changed world. People have Televisions and computers and see stories of "the rich and famous". They see, therefore they want. And they're told they should get what they want. Of course a slow economy amplifies their discontent. Is it any more complicated than that?
Patty55
11-25-2012, 08:08 PM
People were lined up for hours this morning in the Tampa area to buy the last of the Hostess Brand items at outlet stores. Most of the people in line looked like they didn't need more Hostess HOHO's. I say good riddance...eat an apple instead. Is this a great country or what?
Twinkies were selling last weekend on Ebay for $35 a box, maybe they were resellers.
Bucco
11-25-2012, 08:16 PM
The answer may be that we live in a changed world. People have Televisions and computers and see stories of "the rich and famous". They see, therefore they want. And they're told they should get what they want. Of course a slow economy amplifies their discontent. Is it any more complicated than that?
That does not change the fact that they are being told they deserve and the other guy is bad and does not change the fact that it has become REAL class warfare in this country.
Trying not to be political, but can anyone recall election coverage ever mentioning so many voting BLOCKS defined by color, creed, sex, sexual orientation, country of birth, etc. ? Never AMERICANS !!!
Indydealmaker
11-25-2012, 08:39 PM
Did anybody do the math?
The Hostess CEO that was making so much money that should have gone to the "little" guy was really a bad bad man! He should have worked for free and given all of his salary to the workers.
They each would have seen their lifestyle change dramatically when they invested the $138 per year that they would gain.
Bucco
11-25-2012, 08:45 PM
Did anybody do the math?
The Hostess CEO that was making so much money that should have gone to the "little" guy was really a bad bad man! He should have worked for free and given all of his salary to the workers.
They each would have seen their lifestyle change dramatically when they invested the $138 per year that they would gain.
Much too logical !!
It is similiar to our deficit. Tax all the rich...that solves the problem !
Only problem is that EVERY SINGLE economists will tell you that it does not even pay for a day or two if you did it.
Same premise....the Rich guy is bad and is to be blamed. Poor working guy is a saint. OR vice versa.
It is what it is guys....we are in the middle of class warfare...I know it is not nice to say, but it will control us for years....there is much more of this union/mgmt stuff to come. How do you think the states are going to pay their teachers, etc in the next few years with all the new costs coming ?
Tax the rich.....
We are on a road and we chose it.....not sure where this leads
ijusluvit
11-25-2012, 09:10 PM
Nothing about the current state of bias, distrust, racism, and greed is any different from what has existed since the dawn of man. It isn't worse, as Bucco maintains. It isn't rooted in big business, unions, or in politics. It is the human condition, and it is GOOD that we are reminded of it.
Will anything good come after 112 workers died in a Bangladesh clothing factory fire yesterday? Those unfortunates could not escape a building which had no emergency exits. They made clothing for Wal-Mart and other American companies. It's the kind of incident which happened repeatedly in this country during our industrial revolution, and little was done until the tragic Triangle Shirt Company fire. The 'evil side' of the human condition is so deeply entrenched that it takes enormous attention, outrage, and then resolve to bring about significant change.
Ours is a great country because we have weathered evil, facilitated free speech to focus on it and worked to protect our people from it. Our history of social legislation is noble. We must insist that our government continue that effort. But despite the progress, the essential human condition will not change.
billethkid
11-25-2012, 09:32 PM
I know too many people use the word "rich" very loosely. They usually think about the guy who makes multi millions per year.
But just exactly what level of income = being rich?
Or if it is easier to answer....and if the opposite of being rich is being poor, then what level of income = being poor?
There alway was, there will always be the haves and the have nots. In the current phase (being polite) this country is going through it is in style to create class/race/religious/etc distinction for personal gain.
The 24/7 media is the real perprtetrator by continually pumping the class/race/religious subject.
What happened to being happy with what you have? No matter what there is and will always be some one who is either worse off or better off than you.
Money is not the only measure of the status of rich or poor!!!!!!!!!!!!
btk
BarryRX
11-25-2012, 09:34 PM
Nothing about the current state of bias, distrust, racism, and greed is any different from what has existed since the dawn of man. It isn't worse, as Bucco maintains. It isn't rooted in big business, unions, or in politics. It is the human condition, and it is GOOD that we are reminded of it.
Will anything good come after 112 workers died in a Bangladesh clothing factory fire yesterday? Those unfortunates could not escape a building which had no emergency exits. They made clothing for Wal-Mart and other American companies. It's the kind of incident which happened repeatedly in this country during our industrial revolution, and little was done until the tragic Triangle Shirt Company fire. The 'evil side' of the human condition is so deeply entrenched that it takes enormous attention, outrage, and then resolve to bring about significant change.
Ours is a great country because we have weathered evil, facilitated free speech to focus on it and worked to protect our people from it. Our history of social legislation is noble. We must insist that our government continue that effort. But despite the progress, the essential human condition will not change.
:BigApplause::BigApplause::BigApplause:
ilovetv
11-25-2012, 10:20 PM
Nothing about the current state of bias, distrust, racism, and greed is any different from what has existed since the dawn of man......
Ours is a great country because we have weathered evil, facilitated free speech to focus on it and worked to protect our people from it. Our history of social legislation is noble. We must insist that our government continue that effort. But despite the progress, the essential human condition will not change.
This statement in bold, above, is what bothers me the most about all this class envy and division being nurtured: Freedom of Speech is not being "facilitated".....it is being killed by the purveyors of class envy!
Those stereotyped and labeled as "The Rich" (and who are also financially set because they are educated to think and work with logic, fact and reality) now are not supposed to speak in terms of logic and mathematical truths/facts as Indydealmaker did with this quote below. And when logic and mathematical truths/facts are silenced, ignorance, irrational thinking, and chaos rule!
Did anybody do the math?
The Hostess CEO that was making so much money that should have gone to the "little" guy was really a bad bad man! He should have worked for free and given all of his salary to the workers.
They each would have seen their lifestyle change dramatically when they invested the $138 per year that they would gain.
lovesports
11-25-2012, 10:29 PM
This statement in bold, above, is what bothers me the most about all this class envy and division being nurtured: Freedom of Speech is not being "facilitated".....it is being killed by the purveyors of class envy!
Those stereotyped and labeled as "The Rich" (and who are also financially set because they are educated to think and work with logic, fact and reality) now are not supposed to speak in terms of logic and mathematical truths/facts as Indydealmaker did with this quote below. And when logic and mathematical truths/facts are silenced, ignorance, no rational thinking, and chaos rule!
Boy Howdy... Oh brother... you sure make many assumptions!!
I have no envy and don't know any of my friends that have envy. No use trying to argue with people who are so far off the topic of the thread.
BobKat1
11-25-2012, 10:45 PM
Boy Howdy... Oh brother... you sure make many assumptions!!
I have no envy and don't know any of my friends that have envy. No use trying to argue with people who are so far off the topic of the thread.
I agree.
Yikes! All of this discourse because of no more Twinkies for a while! Someone will scoop up the salvageable parts of Hostess and life as we know it, will go on..
ijusluvit
11-25-2012, 10:50 PM
This statement in bold, above, is what bothers me the most about all this class envy and division being nurtured: Freedom of Speech is not being "facilitated".....it is being killed by the purveyors of class envy!
Those stereotyped and labeled as "The Rich" (and who are also financially set because they are educated to think and work with logic, fact and reality) now are not supposed to speak in terms of logic and mathematical truths/facts as Indydealmaker did with this quote below. And when logic and mathematical truths/facts are silenced, ignorance, irrational thinking, and chaos rule!
I feel your pain. And the beauty of the passionate discussions of the Hostess bankruptcy is that they can be conducted. There are many places where you would be arrested for expressing such strong opinions.
Sure, the management behavior seems like unbridled greed, and the union's decision to hold fast seems shortsighted, but we are not privy to all the facts. That's why we have a legal system - to sort it out. Our responsibility is to encourage the process, which thankfully we have many ways to do.
Mr Hanky
11-26-2012, 06:12 AM
Mismanagement in a nutshell!
Now they will end up in Mexico and exploit the workers there!
Corporate greed and mismanagement is what destroys a company like hosstess.
I do think the bakers union should not of made it so easy for the company though. The company got exactly what they wanted. To loose the union workers and get thirteen dollar a day Mexicans.
bmarlo767
11-26-2012, 06:24 AM
Read: Retirement Heist, by Ellen Schultz.
She explains how companies raided the funds.
graciegirl
11-26-2012, 06:41 AM
Dear heavens. Neither is right. Why would anyone want a company destoyed? A company that provides jobs? When I was a kid and poor and didn't know it, I was encouraged to work, and work hard and stay after and work and get ahead.
What is the motivation if you succeed? Why work hard all of your life so people who don't want to work 12-14 hours a day (and not paid hourly) look down on you?
Now very few start a job with insurance and matching savings. No person, no group, no idea, no way to do things, no process is entirely perfect. And as for rich and poor, successful by monetary standards or not, there is a little bit of bad in the best of us and a little bit of good in the worst of us.
Glittering generalities and half truths are fed to all of us. Throw them back up. Don't let anyone THINK for you. AND TAKE CARE of YOURSELF AND YOUR OWN. In this country, no matter WHO you are, if you want to be rich, get up early and work hard.
No one OWES you anything.
ugotme
11-26-2012, 08:52 AM
To quote Graciegirl: "No one owes you anything!"
How true although today some people want something for nothing.
Unfortunately both sides are ultimately right and wrong at the same time.
I worked for a company that - after repeated attempts to show the workers that money was being lost - steadfastly refused to go back to work. They wanted huge increases. Finally (and honestly) after one final try at explaining the company's position and loss, they refused to keep their current pay scale (no cuts were proposed) and the company was SHUT DOWN!
Not saying all companies are honest but in this case they were.
"Nobody's right if everybody's wrong"
eweissenbach
11-26-2012, 09:34 AM
I will weigh in on this and probably won't make any friends in doing so. I am of the opinion that "class warfare" is a concept created by the media which has no real meaning and no combatants. I think most people really are simply looking for fairness.
Many wealthy people think it is unfair that they pay what they believe to be massive taxes while much of the money is, in their view, used for wasteful programs, medicare fraud, foreign aid and yes, welfare fraud. Meanwhile many poor and middle class people think it is unfair that they pay a higher percentage of their comparatively modest incomes in taxes than the wealthy, and they think top executives are overcompensated relative to their value to the good of the company.
On the other hand many wealthy people give generously to charity and have an altruistic desire to help people who find themselves in unfortunate circumstances, while many people of lower economic stature really appreciate the people who provide them with jobs and who seem to care about their workers.
Welfare queens are rightly vilified, but so are wealthy people who take advantage of others and don't care who gets hurt in their quest for more fortune or power. Mitt Romney was not disliked by relatively poor people because of his wealth, but, in many cases, because he seemed to speak of them in ways that indicated he did not understand or care about them. Warren Buffet, Bill Gates, the late Sam Walton are, or were, all pretty universally admired and in some cases, beloved by poorer people because they seem to understand the concept of fairness and don't seem to flaunt their massive wealth. George W. Bush and John Kerry ran against each other for the presidency and are both multi-millionaires, and I don't recall their wealth being an issue in their election contest.
I think that people think little about class distinctions if they think they are being treated fairly and given a chance. I remember in the small town in which I grew up, the weathiest, most successful business people were usually among the most respected and admired folks in town. In your hometown, successful wealthy individuals remain pillars of the community in many cases. This is a great country with great opportunity for almost everyone, but in some cases the deck is stacked for or against certain people and that is what causes conflict.
2BNTV
11-26-2012, 09:59 AM
I will weigh in on this and probably won't make any friends in doing so. I am of the opinion that "class warfare" is a concept created by the media which has no real meaning and no combatants. I think most people really are simply looking for fairness.
Many wealthy people think it is unfair that they pay what they believe to be massive taxes while much of the money is, in their view, used for wasteful programs, medicare fraud, foreign aid and yes, welfare fraud. Meanwhile many poor and middle class people think it is unfair that they pay a higher percentage of their comparatively modest incomes in taxes than the wealthy, and they think top executives are overcompensated relative to their value to the good of the company.
On the other hand many wealthy people give generously to charity and have an altruistic desire to help people who find themselves in unfortunate circumstances, while many people of lower economic stature really appreciate the people who provide them with jobs and who seem to care about their workers.
Welfare queens are rightly vilified, but so are wealthy people who take advantage of others and don't care who gets hurt in their quest for more fortune or power. Mitt Romney was not disliked by relatively poor people because of his wealth, but, in many cases, because he seemed to speak of them in ways that indicated he did not understand or care about them. Warren Buffet, Bill Gates, the late Sam Walton are, or were, all pretty universally admired and in some cases, beloved by poorer people because they seem to understand the concept of fairness and don't seem to flaunt their massive wealth. George W. Bush and John Kerry ran against each other for the presidency and are both multi-millionaires, and I don't recall their wealth being an issue in their election contest.
I think that people think little about class distinctions if they think they are being treated fairly and given a chance. I remember in the small town in which I grew up, the weathiest, most successful business people were usually among the most respected and admired folks in town. In your hometown, successful wealthy individuals remain pillars of the community in many cases. This is a great country with great opportunity for almost everyone, but in some cases the deck is stacked for or against certain people and that is what causes conflict.
:agree: A fair balanced view post.
bkcunningham1
11-26-2012, 10:14 AM
If you have time, take a few minutes and read the following by William Graham Sumner. He was a highly respected and influential teacher in America during the 1800s. He is known to be the first professor of sociology at Yale:
I call him the Forgotten Man. Perhaps the appellation is not strictly correct. He is the man who never is thought of. He is the victim of the reformer, social speculator and philanthropist, and I hope to show you before I get through that he deserves your notice both for his character and for the many burdens which are laid upon him….
In the definition the word “people” was used for a class or section of the population. It is now asserted that if that section rules, there can be no paternal, that is, undue, government. That doctrine, however, is the very opposite of liberty and contains the most vicious error possible in politics. The truth is that cupidity, selfishness, envy, malice, lust, vindictiveness, are constant vices of human nature. They are not confined to classes or to nations or particular ages of the world. They present themselves in the palace, in the parliament, in the academy, in the church, in the workshop, and in the hovel. They appear in autocracies, theocracies, aristocracies, democracies, and ochlocracies all alike. They change their masks somewhat from age to age and from one form of society to another. All history is only one long story to this effect: men have struggled for power over their fellow-men in order that they might win the joys of earth at the expense of others and might shift the burdens of life from their own shoulders upon those of others. It is true that, until this time, the proletariat, the mass of mankind, have rarely had the power and they have not made such a record as kings and nobles and priests have made of the abuses they would perpetrate against their fellow-men when they could and dared. But what folly it is to think that vice and passion are limited by classes, that liberty consists only in taking power away from nobles and priests and giving it to artisans and peasants and that these latter will never abuse it! They will abuse it just as all others have done unless they are put under checks and guarantees, and there can be no civil liberty anywhere unless rights are guaranteed against all abuses, as well from proletarians as from generals, aristocrats, and ecclesiastics. …
It is plain enough that the Forgotten Man and the Forgotten Woman are the very life and substance of society. They are the ones who ought to be first and always remembered. They are always forgotten by sentimentalists, philanthropists, reformers, enthusiasts, and every description of speculator in sociology, political economy, or political science. If a student of any of these sciences ever comes to understand the position of the Forgotten Man and to appreciate his true value, you will find such student an uncompromising advocate of the strictest scientific thinking on all social topics, and a cold and hard-hearted skeptic towards all artificial schemes of social amelioration. If it is desired to bring about social improvements, bring us a scheme for relieving the Forgotten Man of some of his burdens. He is our productive force which we are wasting. Let us stop wasting his force. Then we shall have a clean and simple gain for the whole society. The Forgotten Man is weighted down with the cost and burden of the schemes for making everybody happy, with the cost of public beneficence, with the support of all the loafers, with the loss of all the economic quackery, with the cost of all the jobs. Let us remember him a little while. Let us take some of the burdens off him. Let us turn our pity on him instead of on the good-for-nothing. It will be only justice to him, and society will greatly gain by it. Why should we not also have the satisfaction of thinking and caring for a little while about the clean, honest, industrious, independent, self-supporting men and women who have not inherited much to make life luxurious for them, but who are doing what they can to get on in the world without begging from anybody, especially since all they want is to be let alone, with good friendship and honest respect. Certainly the philanthropists and sentimentalists have kept our attention for a long time on the nasty, shiftless, criminal, whining, crawling, and good-for-nothing people, as if they alone deserved our attention. …
What the Forgotten Man really wants is true liberty. Most of his wrongs and woes come from the fact that there are yet mixed together in our institutions the old mediaeval theories of protection and personal dependence and the modern theories of independence and individual liberty. The consequence is that the people who are clever enough to get into positions of control, measure their own rights by the paternal theory and their own duties by the theory of independent liberty. It follows that the Forgotten Man, who is hard at work at home, has to pay both ways. His rights are measured by the theory of liberty, that is, he has only such as he can conquer. His duties are measured by the paternal theory, that is, he must discharge all which are laid upon him, as is always the fortune of parents. People talk about the paternal theory of government as if it were a very simple thing. Analyze it, however, and you see that in every paternal relation there must be two parties, a parent and a child, and when you speak metaphorically, it makes all the difference in the world who is parent and who is child. Now, since we, the people, are the state, whenever there is any work to be done or expense to be paid, and since the petted classes and the criminals and the jobbers cost and do not pay, it is they who are in the position of the child, and it is the Forgotten Man who is the parent. What the Forgotten Man needs, therefore, is that we come to a clearer understanding of liberty and to a more complete realization of it. Every step which we win in liberty will set the Forgotten Man free from some of his burdens and allow him to use his powers for himself and for the commonwealth.
Here is the entirety of Sumner's essay: Sumner,"Forgotten Man" (http://www.swarthmore.edu/SocSci/rbannis1/AIH19th/Sumner.Forgotten.html)
eweissenbach
11-26-2012, 10:25 AM
Thanks BK! I think there are a lot of us forgotten men and women, in fact a majority, and we are vastly unrepresented today as we apparently were in the 1800s.
Mr. Grampi II
11-26-2012, 10:53 AM
I will weigh in on this and probably won't make any friends in doing so. I am of the opinion that "class warfare" is a concept created by the media which has no real meaning and no combatants. I think most people really are simply looking for fairness.
Many wealthy people think it is unfair that they pay what they believe to be massive taxes while much of the money is, in their view, used for wasteful programs, medicare fraud, foreign aid and yes, welfare fraud. Meanwhile many poor and middle class people think it is unfair that they pay a higher percentage of their comparatively modest incomes in taxes than the wealthy, and they think top executives are overcompensated relative to their value to the good of the company.
On the other hand many wealthy people give generously to charity and have an altruistic desire to help people who find themselves in unfortunate circumstances, while many people of lower economic stature really appreciate the people who provide them with jobs and who seem to care about their workers.
Welfare queens are rightly vilified, but so are wealthy people who take advantage of others and don't care who gets hurt in their quest for more fortune or power. Mitt Romney was not disliked by relatively poor people because of his wealth, but, in many cases, because he seemed to speak of them in ways that indicated he did not understand or care about them. Warren Buffet, Bill Gates, the late Sam Walton are, or were, all pretty universally admired and in some cases, beloved by poorer people because they seem to understand the concept of fairness and don't seem to flaunt their massive wealth. George W. Bush and John Kerry ran against each other for the presidency and are both multi-millionaires, and I don't recall their wealth being an issue in their election contest.
I think that people think little about class distinctions if they think they are being treated fairly and given a chance. I remember in the small town in which I grew up, the weathiest, most successful business people were usually among the most respected and admired folks in town. In your hometown, successful wealthy individuals remain pillars of the community in many cases. This is a great country with great opportunity for almost everyone, but in some cases the deck is stacked for or against certain people and that is what causes conflict.
Excellent post, well put and like it or not it is a very fair assesment
Cantwaittoarrive
11-26-2012, 11:06 AM
I will weigh in on this and probably won't make any friends in doing so. I am of the opinion that "class warfare" is a concept created by the media which has no real meaning and no combatants. I think most people really are simply looking for fairness.
Many wealthy people think it is unfair that they pay what they believe to be massive taxes while much of the money is, in their view, used for wasteful programs, medicare fraud, foreign aid and yes, welfare fraud. Meanwhile many poor and middle class people think it is unfair that they pay a higher percentage of their comparatively modest incomes in taxes than the wealthy, and they think top executives are overcompensated relative to their value to the good of the company.
On the other hand many wealthy people give generously to charity and have an altruistic desire to help people who find themselves in unfortunate circumstances, while many people of lower economic stature really appreciate the people who provide them with jobs and who seem to care about their workers.
Welfare queens are rightly vilified, but so are wealthy people who take advantage of others and don't care who gets hurt in their quest for more fortune or power. Mitt Romney was not disliked by relatively poor people because of his wealth, but, in many cases, because he seemed to speak of them in ways that indicated he did not understand or care about them. Warren Buffet, Bill Gates, the late Sam Walton are, or were, all pretty universally admired and in some cases, beloved by poorer people because they seem to understand the concept of fairness and don't seem to flaunt their massive wealth. George W. Bush and John Kerry ran against each other for the presidency and are both multi-millionaires, and I don't recall their wealth being an issue in their election contest.
I think that people think little about class distinctions if they think they are being treated fairly and given a chance. I remember in the small town in which I grew up, the weathiest, most successful business people were usually among the most respected and admired folks in town. In your hometown, successful wealthy individuals remain pillars of the community in many cases. This is a great country with great opportunity for almost everyone, but in some cases the deck is stacked for or against certain people and that is what causes conflict.
Right on the money
Bucco
11-26-2012, 02:11 PM
If you have time, take a few minutes and read the following by William Graham Sumner. He was a highly respected and influential teacher in America during the 1800s. He is known to be the first professor of sociology at Yale:
I call him the Forgotten Man. Perhaps the appellation is not strictly correct. He is the man who never is thought of. He is the victim of the reformer, social speculator and philanthropist, and I hope to show you before I get through that he deserves your notice both for his character and for the many burdens which are laid upon him….
In the definition the word “people” was used for a class or section of the population. It is now asserted that if that section rules, there can be no paternal, that is, undue, government. That doctrine, however, is the very opposite of liberty and contains the most vicious error possible in politics. The truth is that cupidity, selfishness, envy, malice, lust, vindictiveness, are constant vices of human nature. They are not confined to classes or to nations or particular ages of the world. They present themselves in the palace, in the parliament, in the academy, in the church, in the workshop, and in the hovel. They appear in autocracies, theocracies, aristocracies, democracies, and ochlocracies all alike. They change their masks somewhat from age to age and from one form of society to another. All history is only one long story to this effect: men have struggled for power over their fellow-men in order that they might win the joys of earth at the expense of others and might shift the burdens of life from their own shoulders upon those of others. It is true that, until this time, the proletariat, the mass of mankind, have rarely had the power and they have not made such a record as kings and nobles and priests have made of the abuses they would perpetrate against their fellow-men when they could and dared. But what folly it is to think that vice and passion are limited by classes, that liberty consists only in taking power away from nobles and priests and giving it to artisans and peasants and that these latter will never abuse it! They will abuse it just as all others have done unless they are put under checks and guarantees, and there can be no civil liberty anywhere unless rights are guaranteed against all abuses, as well from proletarians as from generals, aristocrats, and ecclesiastics. …
It is plain enough that the Forgotten Man and the Forgotten Woman are the very life and substance of society. They are the ones who ought to be first and always remembered. They are always forgotten by sentimentalists, philanthropists, reformers, enthusiasts, and every description of speculator in sociology, political economy, or political science. If a student of any of these sciences ever comes to understand the position of the Forgotten Man and to appreciate his true value, you will find such student an uncompromising advocate of the strictest scientific thinking on all social topics, and a cold and hard-hearted skeptic towards all artificial schemes of social amelioration. If it is desired to bring about social improvements, bring us a scheme for relieving the Forgotten Man of some of his burdens. He is our productive force which we are wasting. Let us stop wasting his force. Then we shall have a clean and simple gain for the whole society. The Forgotten Man is weighted down with the cost and burden of the schemes for making everybody happy, with the cost of public beneficence, with the support of all the loafers, with the loss of all the economic quackery, with the cost of all the jobs. Let us remember him a little while. Let us take some of the burdens off him. Let us turn our pity on him instead of on the good-for-nothing. It will be only justice to him, and society will greatly gain by it. Why should we not also have the satisfaction of thinking and caring for a little while about the clean, honest, industrious, independent, self-supporting men and women who have not inherited much to make life luxurious for them, but who are doing what they can to get on in the world without begging from anybody, especially since all they want is to be let alone, with good friendship and honest respect. Certainly the philanthropists and sentimentalists have kept our attention for a long time on the nasty, shiftless, criminal, whining, crawling, and good-for-nothing people, as if they alone deserved our attention. …
What the Forgotten Man really wants is true liberty. Most of his wrongs and woes come from the fact that there are yet mixed together in our institutions the old mediaeval theories of protection and personal dependence and the modern theories of independence and individual liberty. The consequence is that the people who are clever enough to get into positions of control, measure their own rights by the paternal theory and their own duties by the theory of independent liberty. It follows that the Forgotten Man, who is hard at work at home, has to pay both ways. His rights are measured by the theory of liberty, that is, he has only such as he can conquer. His duties are measured by the paternal theory, that is, he must discharge all which are laid upon him, as is always the fortune of parents. People talk about the paternal theory of government as if it were a very simple thing. Analyze it, however, and you see that in every paternal relation there must be two parties, a parent and a child, and when you speak metaphorically, it makes all the difference in the world who is parent and who is child. Now, since we, the people, are the state, whenever there is any work to be done or expense to be paid, and since the petted classes and the criminals and the jobbers cost and do not pay, it is they who are in the position of the child, and it is the Forgotten Man who is the parent. What the Forgotten Man needs, therefore, is that we come to a clearer understanding of liberty and to a more complete realization of it. Every step which we win in liberty will set the Forgotten Man free from some of his burdens and allow him to use his powers for himself and for the commonwealth.
Here is the entirety of Sumner's essay: Sumner,"Forgotten Man" (http://www.swarthmore.edu/SocSci/rbannis1/AIH19th/Sumner.Forgotten.html)
BKCUNNINGHAM....thanks for this....it is extremly interesting and thought provoking !
Bucco
11-26-2012, 02:18 PM
I will weigh in on this and probably won't make any friends in doing so. I am of the opinion that "class warfare" is a concept created by the media which has no real meaning and no combatants. I think most people really are simply looking for fairness.
Many wealthy people think it is unfair that they pay what they believe to be massive taxes while much of the money is, in their view, used for wasteful programs, medicare fraud, foreign aid and yes, welfare fraud. Meanwhile many poor and middle class people think it is unfair that they pay a higher percentage of their comparatively modest incomes in taxes than the wealthy, and they think top executives are overcompensated relative to their value to the good of the company.
On the other hand many wealthy people give generously to charity and have an altruistic desire to help people who find themselves in unfortunate circumstances, while many people of lower economic stature really appreciate the people who provide them with jobs and who seem to care about their workers.
Welfare queens are rightly vilified, but so are wealthy people who take advantage of others and don't care who gets hurt in their quest for more fortune or power. Mitt Romney was not disliked by relatively poor people because of his wealth, but, in many cases, because he seemed to speak of them in ways that indicated he did not understand or care about them. Warren Buffet, Bill Gates, the late Sam Walton are, or were, all pretty universally admired and in some cases, beloved by poorer people because they seem to understand the concept of fairness and don't seem to flaunt their massive wealth. George W. Bush and John Kerry ran against each other for the presidency and are both multi-millionaires, and I don't recall their wealth being an issue in their election contest.
I think that people think little about class distinctions if they think they are being treated fairly and given a chance. I remember in the small town in which I grew up, the weathiest, most successful business people were usually among the most respected and admired folks in town. In your hometown, successful wealthy individuals remain pillars of the community in many cases. This is a great country with great opportunity for almost everyone, but in some cases the deck is stacked for or against certain people and that is what causes conflict.
I think since we have disageed in the past, it would be prudent to say that I think your post is great and accurate.....EXCEPT....you knew there had to be an EXCEPT didn't you :)
This sentence..."I think that people think little about class distinctions if they think they are being treated fairly and given a chance." I would add this.....UNLESS THEY ARE CONSTANTLY REMINDED !
Indydealmaker
11-26-2012, 02:31 PM
If you have time, take a few minutes and read the following by William Graham Sumner. He was a highly respected and influential teacher in America during the 1800s. He is known to be the first professor of sociology at Yale:
I call him the Forgotten Man. Perhaps the appellation is not strictly correct. He is the man who never is thought of. He is the victim of the reformer, social speculator and philanthropist, and I hope to show you before I get through that he deserves your notice both for his character and for the many burdens which are laid upon him….
In the definition the word “people” was used for a class or section of the population. It is now asserted that if that section rules, there can be no paternal, that is, undue, government. That doctrine, however, is the very opposite of liberty and contains the most vicious error possible in politics. The truth is that cupidity, selfishness, envy, malice, lust, vindictiveness, are constant vices of human nature. They are not confined to classes or to nations or particular ages of the world. They present themselves in the palace, in the parliament, in the academy, in the church, in the workshop, and in the hovel. They appear in autocracies, theocracies, aristocracies, democracies, and ochlocracies all alike. They change their masks somewhat from age to age and from one form of society to another. All history is only one long story to this effect: men have struggled for power over their fellow-men in order that they might win the joys of earth at the expense of others and might shift the burdens of life from their own shoulders upon those of others. It is true that, until this time, the proletariat, the mass of mankind, have rarely had the power and they have not made such a record as kings and nobles and priests have made of the abuses they would perpetrate against their fellow-men when they could and dared. But what folly it is to think that vice and passion are limited by classes, that liberty consists only in taking power away from nobles and priests and giving it to artisans and peasants and that these latter will never abuse it! They will abuse it just as all others have done unless they are put under checks and guarantees, and there can be no civil liberty anywhere unless rights are guaranteed against all abuses, as well from proletarians as from generals, aristocrats, and ecclesiastics. …
It is plain enough that the Forgotten Man and the Forgotten Woman are the very life and substance of society. They are the ones who ought to be first and always remembered. They are always forgotten by sentimentalists, philanthropists, reformers, enthusiasts, and every description of speculator in sociology, political economy, or political science. If a student of any of these sciences ever comes to understand the position of the Forgotten Man and to appreciate his true value, you will find such student an uncompromising advocate of the strictest scientific thinking on all social topics, and a cold and hard-hearted skeptic towards all artificial schemes of social amelioration. If it is desired to bring about social improvements, bring us a scheme for relieving the Forgotten Man of some of his burdens. He is our productive force which we are wasting. Let us stop wasting his force. Then we shall have a clean and simple gain for the whole society. The Forgotten Man is weighted down with the cost and burden of the schemes for making everybody happy, with the cost of public beneficence, with the support of all the loafers, with the loss of all the economic quackery, with the cost of all the jobs. Let us remember him a little while. Let us take some of the burdens off him. Let us turn our pity on him instead of on the good-for-nothing. It will be only justice to him, and society will greatly gain by it. Why should we not also have the satisfaction of thinking and caring for a little while about the clean, honest, industrious, independent, self-supporting men and women who have not inherited much to make life luxurious for them, but who are doing what they can to get on in the world without begging from anybody, especially since all they want is to be let alone, with good friendship and honest respect. Certainly the philanthropists and sentimentalists have kept our attention for a long time on the nasty, shiftless, criminal, whining, crawling, and good-for-nothing people, as if they alone deserved our attention. …
What the Forgotten Man really wants is true liberty. Most of his wrongs and woes come from the fact that there are yet mixed together in our institutions the old mediaeval theories of protection and personal dependence and the modern theories of independence and individual liberty. The consequence is that the people who are clever enough to get into positions of control, measure their own rights by the paternal theory and their own duties by the theory of independent liberty. It follows that the Forgotten Man, who is hard at work at home, has to pay both ways. His rights are measured by the theory of liberty, that is, he has only such as he can conquer. His duties are measured by the paternal theory, that is, he must discharge all which are laid upon him, as is always the fortune of parents. People talk about the paternal theory of government as if it were a very simple thing. Analyze it, however, and you see that in every paternal relation there must be two parties, a parent and a child, and when you speak metaphorically, it makes all the difference in the world who is parent and who is child. Now, since we, the people, are the state, whenever there is any work to be done or expense to be paid, and since the petted classes and the criminals and the jobbers cost and do not pay, it is they who are in the position of the child, and it is the Forgotten Man who is the parent. What the Forgotten Man needs, therefore, is that we come to a clearer understanding of liberty and to a more complete realization of it. Every step which we win in liberty will set the Forgotten Man free from some of his burdens and allow him to use his powers for himself and for the commonwealth.
Here is the entirety of Sumner's essay: Sumner,"Forgotten Man" (http://www.swarthmore.edu/SocSci/rbannis1/AIH19th/Sumner.Forgotten.html)
An insightful message. Unfortunately it is longer than the 7 word "headline" that provides the fodder for most adult decisions today.
Roaddog53
11-26-2012, 05:18 PM
Pension funding requirement were changed. The government changed the amount of funding that was required years ago. You'd be amased how many current day pensions are underfunded and how many have been raided to give bonuses to top Execs.Do a search of pensions,makes for sad reading.
Can you provide data on how execs raid the pension funds as you describe?
lovesports
12-10-2012, 04:16 PM
Thanks to Ed, his post shows how Hostess robbed the workers of their pensions.
To say nothing about how the top brass gave themselves a 300% pay increase...
Bucco
12-10-2012, 04:22 PM
Thanks to Ed, his post shows how Hostess robbed the workers of their pensions.
To say nothing about how the top brass gave themselves a 300% pay increase...
While what you say is accurate, wrong and indefensible, I simply point out that there are two sides to every story...
Blog: The sweet life of Bakery Union officials (http://www.americanthinker.com/blog/2012/11/the_sweet_life_of_bakery_union_officials.html)
Ding dongs — Big Labor strikes again - Right Turn - The Washington Post (http://www.washingtonpost.com/blogs/right-turn/post/ding-dongs--big-labor-strikes-again/2012/11/16/e2ca4b0e-2fef-11e2-9f50-0308e1e75445_blog.html)
Only folks that get hurt are the regular folks but let us not aim our angst in only one direction !!!
Union officials doing the same pay raising for themselves !!!
buckscounty
12-10-2012, 04:54 PM
Yea and management took no cuts and will be there to the end.
And so will the union officials.
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