RE: IT'S GOING TO HAPPEN=From FNX B.B.
I agree with you Artie. It IS going to happen.
One of the issues that has not be properly identified is the innefficient allocation of capital in the form of executive compensation. There have been complaints of course, but it has not been stated as what it really is: Innefficient Money.... the wages received at the top tiers of the corporate structure has been beyond the pale and seen funds that should have been invested in productivity been wasted and pumped into executive compensation. While no where near the whole picture, if executives were paid a realistic wage based on their true value to the company commensurate to the rest of the
organization, we would see stronger businesses and a stronger economy. Where does executive compensation get wasted? In excessively high real estate, private jets, luxury items (defined as extremely high price for "nice" not functional), savings, stocks... not used to the same level that those who work under them to buy day to day items that keep the economy turning over.
The Obama administration has to ensure that the people who actually do productive work are supported and that those who aren't contributing worth what they're getting paid get punted....
Lest anyone misconstrue this little post... I am still a firm believer in capitalism. What we're seeing here is the effects of the laws of capitalism when they are broken.... and those who preached capitalism when it filled their personal coffers, without abiding by its laws now are going hat in hand to the government for (socialist) handouts.
cheers... sort of.... JH