The Herald Bulletin

Overnight Update

Opinion

November 20, 2013

Letter: What compromise will Republicans offer?

To compromise on the Affordable Care Act what are the Republicans willing to give? More pay cuts, no jobs at all, or higher prices? We know what your plan is — wait until the American worker is so desperate for a job, or anything Big Business will pay that we would rather settle for a few dollars to feed their family, rather than fight back. You're like a mob, surrounding your prey, "Set the house on fire, boys, if they don't come out." Shut the U.S. down — starve 'em out!

Wall Street's penalty for noncompliance (low dividends) to a Wall Street-owned (they call it public held) company is shriveling stock prices and bankruptcy. This is generally called racketeering where I come from.

GM's bankruptcy was a Wall Street deal — using their power to pull their GM, Chrysler stock then buying short (betting the stock price will go down) to make a ton of money on the backs of millions of autoworkers and their families. Didn't work — thanks again, Obama.

Today, Wall Street is loading up on companies who pay cheapskate wages and furnish entry-level jobs or Christmas temp help. Their stock could run as high as $200 a share while GM struggles at $36. It seems that all GM needs to become a Wall Street sweetheart is to cut their pay to less than minimum wage, work only part-time with no health insurance or vacations.

Frank Couch

Anderson

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