On 22/10/2011 7:43 AM, Eisboch wrote:


"X ` Man" wrote in message ...

Oh...and a growing number of employers these days have cut way back on
wages and benefits for their workers so the wealthy bosses can have more
in their paychecks, 401ks and bonuses.

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Cite?

I can, me. But then I knew it was coming and volunteered. Hey, get
paid to get out! The last ones out didn't do so good.

2007, I was going to quit anyway when the rumor mill had it cut backs
were coming so I suggest to my boss I would be happy to leave for a
generous buy out. Got my big bonus and left. Right after the RIF, the
boss's boss got a bonus larger than the wages they saved but had buyouts
on top of that.

Fact is, that is what is happening.

But I knew I was economically secure, had a job in weeks. One I liked
better too.

But it was in part due to the 401K/pensions. It allowed me to move them
to my IRA where I waited for the crash. Nothing like being in cash on a
crash and getting money out of corrupt company pension plans. All those
stocks so cheep....

But I engineered my situation, but many are not so fortunate. House
paid for, tons of cash in the bank gives you latitude and comfort others
don't have. A byproduct of fiscal conservatism and hard work.

But what fleabaggers don't want to admit is what is causing it.
Companies get back end inflation, but the market will not allow price
increases easily in tough times, then they have to reduce the outgoing
cash flow to compensate. That means lay off employees to eat it so the
company doesn't go bankrupt.

Bernanke can print money for more 0bama debt but he can't stop inflation
he caused with this practice of print money for debt. But looking at
the markets, this no longer works and real inflation is on the up tick
big time. And more layoffs and lower wages coming. I even know one
company that targets older employees that make more.

Isn't new. I quit now defunct NorTel in 1995 as I could see a collision
course with reality with the then CEO Harvard boy Paul Stern. But got
my pension into my own accounts, saved me the screwing others got when
they went bankrupt.

Age old issue, I remember as publicized case some 25 years ago where a
woman was laid off 2 months before she would get a full pension for that
very reason to reduce the pension payouts. From that day forward, I
said in my name, in my account and in my control. Good I did.

But that is business, the way it works. Learn to work with it or get
burned. Working with it is profitable. Doesn't mater be it the CEO or
the union essentialist asshole or whomever, people with their greed,
envy are out to **** the next guy. Trick is to realize it, protect
yourself against it and be one step ahead, just like chess.

The real world.
--
Eat the rich, screw the companies and wonder why there are no jobs. But
we have big huge government we can't afford...
-- Obama and the lefty fleabagger attitude