Posted on 05/29/2012 12:26:02 PM PDT by Theoria
Why would you say that? Tens of thousands of people would have lost their jobs.
Bank of America was forced into that Merrill Lynch deal. When the head of the bank, under oath, admitted they were forced by the Obama administration the White House went into orbit and vowed revenge. Who's side are you on?
It's not 'their' job. No one is entitled to a job. It's the companies.
As for BoA, they issued credit cards to illegals, they gave out mortgages like candy, they purchased ML[That deal was under Bush, not Obama], they are insolvent.
The market would have finished off their inefficiency, now they are larger and have more contagions. You and I will end up paying for their demise.
I'm on the side of free markets and against regulatory capture and crony capitalism. The Gov't 'picked' them as a winner and have 'loaned' out money to them, without any Constitutional authority. They have favored banks, while letting other businesses fail.
What makes you think the BoA jobs migrating to the PI are the high paying ones? Call centers? What a shame, Susie won’t aspire to a career goal of working in a BoA call center. Maybe she’ll have to consider another career choice.
Jobs overseas create wealth for America.
You misunderstand me, I didn’t say these were high paying American Style jobs. But they ARE/WERE jobs that were being done by Americans. Considering the dearth of jobs available for they former BofA workers to apply for then the likelihood is that they will not be working for some time to come and may end up on Welfare.
Also my own cousin who was a Manager for BofA had to train her Indian replacement before being shown the door and she wasn’t running a call center either. Her odds of getting a job with comparable pay is nil. Especially since she too is in her 50’s.
As she told me “Someday these jobs might come back. But the pay being offered will be nowhere near what they are getting now. And they will have takers for those jobs because hungry people will work for peanuts if that is a an improvement over their current situation.
Now don’t get me wrong, these are prudent business decisions. But they are SHORT TERM business decisions and will help the short term bottom line. But Americans for too long have been looked upon as the cash-cow of the world. Once the GOOD/average paying jobs are GONE then whose citizens overseas is going to be the cash-cow? Who here in America is going to buy the products made overseas? Welfare recipients using government dollars borrowed from other countries at soon to be exorbitant interest rates? What happens when those borrowed dollars aren’t available either? Few or perhaps no Jobs and no Welfare dollars, that makes a bad combination if you ask me.
If businesses and government don’t start looking at the LONG-TERM effects of their decisions then when those effects slam them in the face, they should not be surprised that short-term fixes won’t work anymore either.
My statement upon further perusal did not state the BOA employees belonged to any union.
I wish your cousin well.
Maybe this is not a life loss for her, but a life opportunity.
Juliette Gordon Low, broken hearted, started Girl Scouts when she was 52,
Clara Barton started the American Red Cross when she was in her 50’s.
I, broken hearted, started a new family with 2 adopted kids.
Tell your cousin we all start over again every day
Too many of us are sleep walking through a mindless routine until we get a wake up call. .
Dont sleep-walk through another 40 years. Follow her heart. It will lead her.
and for the rest of it, read Harry Dent “The Great Crash Ahead” for what his demographic research suggests for the future of the world and US economy and society.
Bad times for many, opportunity for others. he may not be right about everything he predicts but... demography is destiny.
The growth in the population and wealth of the former 3rd world does not have to be a loss for America. Just another opportunity for those willing to take a shot at it.
How many buggy whip makers committed suicide when Henry Ford invented the first mass produced auto?
How many steam ship lines went belly up when Pan Am begin to fly passengers across oceans?
Who misses them?
Mother Thersa began hee missionary work at age 38
Jesus Christ began his at age 30 and died at about age 32
If your cousin looks around, there are kids in her neighborhood who cannot read or do math. She could help.
There are missions that need helpers. Yes it starts for free, but then where does it go? To a new purpose for her life? What is that worth?
I wish your cousin well.
Maybe this is not a life loss for her, but a life opportunity.
Juliette Gordon Low, broken hearted, started Girl Scouts when she was 52,
Clara Barton started the American Red Cross when she was in her 50’s.
I, broken hearted, started a new family with 2 adopted kids.
Tell your cousin we all start over again every day
Too many of us are sleep walking through a mindless routine until we get a wake up call. .
Dont sleep-walk through another 40 years. Follow her heart. It will lead her.
and for the rest of it, read Harry Dent “The Great Crash Ahead” for what his demographic research suggests for the future of the world and US economy and society.
Bad times for many, opportunity for others. he may not be right about everything he predicts but... demography is destiny.
The growth in the population and wealth of the former 3rd world does not have to be a loss for America. Just another opportunity for those willing to take a shot at it.
How many buggy whip makers committed suicide when Henry Ford invented the first mass produced auto?
How many steam ship lines went belly up when Pan Am begin to fly passengers across oceans?
Who misses them?
Mother Thersa began hee missionary work at age 38
Jesus Christ began his at age 30 and died at about age 32
If your cousin looks around, there are kids in her neighborhood who cannot read or do math. She could help.
There are missions that need helpers. Yes it starts for free, but then where does it go? To a new purpose for her life? What is that worth?
Because unions have nothing to do with BoA offshoring the work that was up to now being done by Americans. You know that, right?
--Public-sector workers had a union membership rate (37.0 percent) more than five times higher than that of private-sector workers (6.9 percent). (See table 3.)
Freepers the union participation rate for the private sector is less than 7%. Commit it to memory.
Mother Jones is not a good source for facts let alone truth. They are a bunch of “long-haired, dope-smoking, maggot-infested, good time rock ‘n’ roll plastic banana FM types.” and proud of it.
Cool, you actually read the link.
Despite the globalist propaganda, union membership is not what is driving public sector work off-shore. It’s the lure of CHEAP labor. Marx would be delighted at ‘free traders’ speeding up the destruction of national boundaries and the onset of global communism by pursuing the unfettered movement of capital, freed from all political, national and religious shackles.
ca·nard [kuh-nahrd; Fr. ka-nar] Show IPA noun, plural ca·nards [-nahrdz; Fr. -nar] Show IPA. 1.a false or baseless, usually derogatory story, report, or rumor. 2.Cookery . a duck intended or used for food. 3.Aeronautics . a. an airplane that has its horizontal stabilizer and elevators located forward of the wing. b. Also called canard wing . one of two small lifting wings located in front of the main wings. c.an early airplane having a pusher engine with the rudder and elevator assembly in front of the wings.
so we can't even keep low paying jobs here in America now...
union membership of govt workers is ever increasing, since govt “work” is ever increasing....
private unions may be going, but the public ones are getting stronger and bolder...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.