I do feel for these people on 60 Min. They did what "Society" wanted them to. Go to college, work your ass off, save for retirement. Most of the people were well educated and in their late 40s, 50s and 60s. They did not ask or contribute to this fucking mess. (Unless they voted for the liberals). This is what you have to look forwards to 99% on ET. As most of the posters on here do not trade, are not in a secure Job and probably do not have much if any net worth. And if you are W2, your fucked even more! Nov 2nd is the time to take a stand. The people need to get the rat bastered Socialist outa office....we also need to send a mesg. to the Republicans that if they fuck it up...We are coming with AR 15s, 9s and the whole fucking country will decend upon DC. It's gona be a long, hard and painful road that I doubt most on ET or in the country understand. Taxes will have to be raised. Health care cost will go up, gas will go up, food will go up, Programs will be cut, University will be put off so one can work at McDonalds just to survive, no more Student Aid from the FEDs, or very little. Wake up. This isn't going anywhere and it will only get worse before better. However, if we can get the Rat Bastereds out and get controll of the situation, maybe they can contain it and take us towards recovery. Otherwise....90% of America is FUBAR!
I agree with you. From a different perspective though, because I believe his franchise is doing ok?, would you stay that about Chipolte or Pick Up Stix as compared to opening a taco stand or starting your own fast food chinese?
A nice side bar story relating to jobs: Venture tax receipts fell 11% in FY2010? POSTED AT 1:55 PM ON OCTOBER 25, 2010 BY ED MORRISSEY Tom Blumer from BizzyBlog takes a look at the data from FY2010, concluded four weeks ago, and reports some revealing information about the nature of the ârecoveryâ in the first full year of Obamanomics, in a column for Pajamas Media. While the White House and Congress struggle to explain why job creation and economic growth have yet to appear, the numbers from the Department of the Treasury makes the cause quite clear: In FY2009, a decline made sense. The markets tanked during the fiscal year, which began in October 2008 just as panic gripped the financial sector. Assets dropped in value, which meant less trading as investors chose to hang onto assets for a longer term in order to keep from taking massive losses. Also, investors held onto cash while the economy plummeted, afraid to lose their investments if the recession turned into a depression or lasted longer than predicted. However, the recession technically ended in June 2009. The Obama administration claimed that investors could return, and with stocks at low prices and labor entering a buyerâs market, the conditions should have encouraged the kind of investment that would eventually result in job creation. Instead, though, tax revenues from entrepreneurial efforts dropped 11% from FY2009, which should have been the nadir. Either investments simply didnât pay off â although the stock market gained significantly over that period â or entrepreneurs stayed on the sidelines. Thatâs not the only interesting nugget of data in Treasuryâs figures. The cost of government rose 7.5% in FY2010 over FY2009 despite inflation being around 1%. Why? Most of the big emergency spending packages took place in FY2009 â TARP and Porkulus. Education spending rose 74%, the Commerce Department increased its budget 23%, and the EPA got a 36% increase. However, Homeland Security took a 14% cut in spending. Itâs worth noting that Homeland Securityâs staff is, unlike its sibling agencies, mainly non-union. When the Obama administration speaks of recovery, they must be referring to the boom market of the public sector in Washington DC. Be sure to read all of Tomâs analysis.
I am sure there's a place in the biz world for franchises, but a duct cleaning business with a heavily customized and branded truck with your 401k funds is in the clown shoes zone. I dunno, I imagine if I had a passion for opening a taco stand or chinese restaurant, I would open my own independent restaurant, make it a success, develop an operating model, open a few more locations, then talk to lawyers about becoming a franchisor myself. Casual restaurants are complex businesses with tough regulatory requirements, extensive labor management issues, tight margins that demand scale and work flow efficiency, and with a client base that strongly favors recognizable brands.... Duct cleaning, on the other hand...
Oh yeah, and according to that 60 Minutes bit, the guy isn't above break even on the duct cleaning business. It's gonna be a sad day when the Ductz franchisor comes to repo his duct cleaning truck.
Ok I was just watching it eating dinner, maybe I missed that. Home Depot was trying pitch that when I went for a furnace filter. We didn't need it in 1960 and I don't believe we need it now. Grab your own shop vac.
All these people were in debt and because of their high pay for an office worker allowed them compound their lifestyle, it all went away when the rug was pulled. BOO HOO
This thread ain't about poor people. It's about a bunch of lazy asses who don't want to work, except at a job that they just want. There's a lot of good poor people in the USA who would love that $9.25 an hour job at Target. Yet, they got time to be whining on CBS's 60 Minutes while their 99 weeks of vacation run out. I bet every one of those whining jerks go get a job as soon as they feel hungry and run out of their taxpayer funded lifestyle.
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/unEHgZrHBgQ?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/unEHgZrHBgQ?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> Don't shoot the americans, let em burn. How's that capitalist system working out for y'all? It appears the banks will be asking for another TARP. Aahh socialism, the only stable economic system known to man.