I'm hearing that CEOs are against Obama. Not all - but the hand-picked ones are being trotted out, threatening layoffs. Sheesh. I can't think of a better reason to vote for Obama. Yeah, sure, if he's elected you're going to kill your own personal golden goose? Wait a minute. I gotta find my violin.
And hey, Kodak wants to kill the health care plans for their existing retirees as a means to emerge from bankruptcy. Note that retirees are usually on medicare, so all Kodak is paying for is fill-in policies, and for dependents of retirees. These are older folks and dependents with pre-existing conditions. Um, did you do anything first about executive salaries? And if you get Romney, what will these folks do when medicare is strangled, or disabled to the point that facilities will no longer accept it? How about the 60-year-old dependent who is not yet eligible for medicare?
Oh yeah, I forgot. Romney has a plan for them. He said people who don't have health insurance can just go to ERs. Is he unaware that the ER will just stabilize you, then if you don't have insurance you are not admitted for further care, you are just sent home? Stabilized means you're not going to die in the next day or two. The basic condition is not addressed. That's Romney-care.
CEOs like that, I guess.
Something to keep in mind - CEO jobs and salaries have not been impacted in the current environment. The stock market isn't thrilled, but that's because large companies are not expanding. They are sitting on capital, waiting. They won't admit it, but they kind of like being able to dictate salaries and conditions to people and unions who are desperate for jobs.
"Don't like it? Leave. I can get another just like you for less."
What they don't seem to realize is that nobody's buying what they have to sell because nobody's sure of their jobs, your job could move to India or China next week, and if they have a job they haven't had a raise in six years. Corporations don't seem to have made that connection. Chicken and egg.
You can't keep taking away from your workforce, and then expect them to keep buying your crap.
That's the REAL trickle-down theory.