[DeTomaso] NPC - WHO screwed up the economy??!!

Christopher Kimball chrisvkimball at msn.com
Wed Jun 22 14:14:21 EDT 2011


Larry, Larry, Larry,
The reason so many pensions are underfunded is because of all the rich benefits promised to retirees, mostly by unions.  When companies have to cut back to try and retain enough profit to pay those benefits, jobs are lost which then causes the companies to realize even less profits, which decreases the value of the company.  The stock market is nothing more than a reflection of the value of American (and in some cases international) companies.  When the Government or any other entity strangles companies with regulations, taxes and rules, the stock market will inevitably fall.  Remember, it's those "evil corporations" that provide jobs!
Also, as the "graying of America" takes place and baby-boomer workers retire, there seems to be a lack of replacement workers.  In other words the percent of our population that is over 60 is growing.
Planned Parenthoood and the attitude it purveys just might have to claim a bit of responsibility for that--the equivalent of 18% of the entire U.S. population doesn't exist thanks to the 1973 Roe vs. Wade decision.  Those would have been people who could have been working now to support us old people.
In China it's even worse--they are now in a national panic because they have way more men than women, and not enough young people to replace the dying older population.  They are considering instituting monetary incentives to encourage child-bearing.
Remember how the predictions in the book "The Population Bomb" came true?
Me neither.
Chris
PS: Now I'm going to run for cover to protect myself from the inevitable onslaught of angry responses this email will undoubtedly elicit!

> To: detomaso at realbig.com
> From: fresnofinches at aol.com
> Date: Wed, 22 Jun 2011 13:49:49 -0400
> Subject: [DeTomaso] NPC - WHO screwed up the economy??!!
> 
> 
>  Remember when teachers, public employees, Planned Parenthood, NPR and PBS
> crashed the stock market, wiped out half of our 401Ks, devalued our pension funds,
> took trillions in taxpayer funded bail outs, spilled oil in the Gulf of Mexico, gave themselves
> billions in bonuses, and paid no taxes?
> 
> Yeah, me neither.
> 
> Pass it on.
> 
>  
> 
> 
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