President Trump was on Facebook this morning touting the “record stock market”. Its all a house of cards of course. Business in this country is so fake it makes me sick. For some reason we have a country full of people that think you can have a vibrant economy built on service. Banking, insurance, retail, software… hardly. On top of that, they are so poorly run we have to subsidize them in various ways.
It wasn’t clear whether the Fed is pumping $72 billion a week or a month into the stock market. Between that and the 0% interest money we’ve been subsidizing them with the last 20 years. We had to do that after they crashed the economy with the dot com bubble during 2001-2003. Then we had to keep the border open to supply them with cheap labor.
There’s probably not a more incompetent collection of crooks on the planet. ‘The gang that couldn’t shoot straight’. Business couldn’t stand on their own 2 feet to save their lives. Labor has had to survive onslaught after onslaught of off shoring, flooding with refugees and flooding with Mexicans. You’re so full of it Trump its coming out your ears. Time after time after time those MFs drive a business into the ground, they’re handed a Golden Parachute and the employee is handed an unemployment slip right before Christmas.
The most obvious ripoff of America is in executive compensation. Whereas labor has risen roughly 10x since 1955 ($4K a year to $40K a year, the rate of inflation) CEO salaries are 100x (10 times the rate of inflation). $150K annual in 1955 to $13 million annual in 2019. That’s why they had to offshore production and quit paying dividends to shareholders: They are in effect stealing from the company. The business motto used to be make the company rich, now its make themselves rich. Whereas CEO to line worker ratio used to be 30x, its now 300x.