Microphone Please ...

Tuesday, October 20, 2009

There is a GOD!

Today I discover that Bob Moffatt was caught with his hands in the cookie jar over at IBM. He was being groomed to replace Sam Palmisano but it isn't going to happen now. It would seem that cooperate greed does come back to bite everyone. Even you BOB! You work at IBM for 30 years only to not even allow people to make it past 20 below him and send those jobs to India on a whim. I believe in Karma and I believe in what you do will eventually come back to haunt you. Bob is just the first.

In previous posts I made it clear that during the Bush era the SEC had no teeth and Bush made sure of it. All through his administrations he let cooperate greed run in full force. Now people like Bob get caught and are squealing like pigs to not spend a day in Jail. We shall see. What I can't help but find funny though. No memo will go out at IBM like all the other thousands of people that were "let go" to let you know this person is no longer working for the company. Or even a memo saying that a change in the company head was made. IBM's trying it best to bury this one. Ooh yeah btw, IBM stock fell $7 in one day. Watch how far they distance themselves from an employee like Bob.

Yes Bob you were an employee and now your going to jail. You and every one of your cooperate cronies that you will squeal like a pig on. Am I resentful? Damn right! Now that we have a new President in office the SEC is going to have power again. Let's see how this plays out. If I get to see Bob rott in jail for the rest of his life, I'll feel just a little bit better about this world were in.
posted by Jules at 6:39 PM 1 comments

Wednesday, October 14, 2009

Dow hits 10,000 today!

Ok, so I am sitting here watching CNN and I see the Dow hit 10,000 today. Yes this a first in a very long time showing a very strong market. My concern is though, what does this mean to the middle class to below middle income earners. People who have little or nothing to invest. 10% unemployment right now, the worst in recent history by far. People unemployed and the corporations that are reaping the rewards of all this bailout money haved moved jobs outside the U.S. This not to mention corperations playing games and hiring former employees back at about 1/2 there regular pay and little if no benefits. What does this come down to. Simple...

The rich get richer and a simple destruction of the middle class. Key points. Corporations got fat off the bailout and it did little for the income earners out there working for them. They aren't hiring in the U.S. and if they are its at incomes less then what it was 10 years ago. Its sad. As for me, is my 401K going up. ooh yes it is. Im not complaining on that end but I just can't help but see that this was a recent administration that was out to bilk every penny and destroy the middle class. And those people loosing jobs, homes and cars even with this 10,000 on the DOW, are reaping nothing from this.

Off my soapbox.
posted by Jules at 10:32 AM 0 comments