Profits continued

To disclose and for fairness, I do not pay any of the fees mentioned before, so people don't get the impression that I have an ax to grind. Since I am retired from Bank of America, I receive free checking and we have overdraft protection so we don't have to pay overdraft fees. Think about this, they use your money and then charge huge fees to make larger profits and bonuses. When their loans went bad we bailed them out and now they are back to making money. What about the average person?  These are just two examples of industries that do not understand that middle class America is shrinking fast, Want to talk about an endangered species. This all sounds depressing, however I, for one, hold out great hope. I believe in the American people. I believe that we will start to unite in ways that will shake the very foundations that this country was founded on. A new awakening is coming and the top one percent of Americans that control 74% of the wealth is going to hear shouts and voices that will make then tremble in fear. The new revolution will be waged in the political arena and at the ballot box. This is what the founding fathers envisioned. The average American rising up to direct this country to new heights. Join with your voices. Be heard.

Profits continued

Another industry is the banking and financial services companies. They were and are very much at fault for the collapse of the economy. I worked in banking for twenty plus years and know how it works. Years ago banks made most of their money by making good loans to individuals and businesses. They kept the loans on their books so the decisions to lend were solid. They knew that making a profit meant doing your homework, before loans were made. Today they make their profits with fee income. They sell the loans on secondary markets and then service them. They charge a fee for the servicing of the loans. Profit. If the loans go bad the banks do not care beyond the fact that they lose their fee income. How closely do you think they look at the loans, before approving them? The other fees that banks get is on your checking and savings accounts. You overdraft your account and they charge you $35, drop below a certain limit in funds they charge a monthly service charge or use another banks ATM and they charge a fee. These are just a few of the fees that they can get you for. These items my cost the banks pennies, however they charge large sums for profit and greed. More to follow

Profits continued

That house of cards collapsed and then they wanted bailed out for their mistakes. We bailed them out and instead of finding that better mouse trap, they went back to higher bonuses for them. Where does Socialism come into play. The sharing of profits. Why can't the average worker share in their production and wealth? Why does it only go to the upper people of the corporation? Why is the average worker, not part of the management process? One of the industries I have railed against is, health insurance companies. What do they really do. Please, think about it. They collect money from individuals or companies. The money is then split for profits, administration fees and patient care. They are fifteen to twenty percent higher in costs then Medicare. My question is what do they really bring to society, except a middle man. Remember the fight against Universal health care is the government between you and your doctor. The insurance companies are very much between patients and doctors. They determine if they will pay for drugs or procedures that physicians want for their patients. I will continue in new post.

Profits

I know in many instances it seems that I have a problem with people making money or profits. I do not. My problem is with greed and uncaring people or corporations. I do not support a Socialistic movement, but more of a marriage between Capitalism and Socialism. Let me explain. The person who builds a better mouse trap should be able to sell it and make a good profit. The people that build (work) for the company, should make a fair wage and benefits for their work. The workers are then able to go out into the economy and spend their earning to purchase the mouse trap they build. The problem today is the only people who can afford the mouse trap is the CEO's and upper management. They want huge profits plus bonuses to go to themselves and do not care about the people working for them. They have no long range plan for the company and do not want to spend money on new and better mouse traps, or they want a larger write off, for research and development from the government. The problem with their thinking is there is not enough of the extremely wealthy to support a robust economy. The largest group, the middle class, is the engine that drives the economy. Without this we flounder, such as right now. The current wealthy, created their money with slick, financial games. They took other people's money and build a house of cards with it.

Response to Darlene

Number one, if you read my post, you should have noticed that I said I did make mistakes. My problem with Palin is she does not know how to be anything but a comedic sideshow. She is about herself and not the country. She needs to be who she is, not some made up politician. The problem with people who defend her is that they never look at what is being said, which was, she is an example of politicians not being able to admit to mistakes. The mistakes that were done over the last 10 years and more. Darlene look beyond the idea of defending the individual or party. The country is in trouble and until people begin to admit past mistakes and correct them we will just sit here looking at narrow issues. You were more concerned with Ms. Palin and defending her. Ms. Palin is the problem. Her misuse or misspelling is a symptom.The problem is people in power not owning up to mistakes and correcting them. Also as a side note, she mispronounced the word, "refudiate" on FOX just a few days before. You can either try to defend the problems we have or move them forward. Your choice.

Some advice for Sarah Palin and all Politicians

Sarah Palin is the poster child for politicians,  instead of trying to do the best for people, they are trying to always look good in people's eyes. Ms. Palin sent out a text and misspelled the word, repudiate. She spelled it refudiate. Now I have the same ability to misspell a word as the next person. I try to use spell check to keep the errors to a minimum, and I try to make sure that the word I use is placed correctly. Ms Palin and the majority of politicians fall down, when they try to cover up the error. All this does is compound the first mistake. Sarah, do yourself a favor and just admit that you are trying to impress people by using big words and stick to the simple ones. (the, and, as etc.) Repudiate means to reject with disapproval. Sarah I repudiate your theory of, first, you hit the wrong key. Then, I repudiate the notion that you are taking William Shakespeare's license to change the English language, because it is a living thing. Please don't cause poor William to roll over in his grave, with you, comparing yourself to him. Do us all a favor and admit, you made a mistake. People do this. Then they go one step further and admit they were wrong.

Sarah Palin

I was just watching a video of Juan Williams talking about Sarah Palin on FOX. He stated that she was not on the same level, intellectually, with President Obama. The FOX commentators, said Oh, Oh, like this is somehow, false. Let's face the facts that Ms Palin is all about herself and making money. I have no problem with her going on book tours or doing reality TV, just please be honest about what you are doing. She quit as governor of Alaska, to make money. She tried to act as if this was to help the people of Alaska. Ms. Palin reminds me of the old time, slick, hucksters, that try to sell you something that is of no value. She is not capable of being anything more then she has been or is now. If being asked about what magazines she reads is considered a "gotcha" question, how would she ever stand up under the scrutiny that our presidents receive?