President Barack Obama and Vice-President Joe Biden were re-elected Tuesday night, defeating Republican challenger Mitt Romney and his vice-presidential running mate Rep. Paul Ryan.
NBC News called the presidential election for Obama around 11:15 EST. The president sent a message on Twitter at 10:14 saying simply, "This happened because of you. Thank you."
The Obama campaign won the most expensive presidential race ever, with both parties raising about $2.6 billion. The race was filled with negative campaigning on both sides, from President Obama attacking Romney’s business experience with Bain Capital to Romney lambasting Obama’s handling of the economy.
The race tightened during the final months of the campaign, with gaffes and surges from both candidates. After a weak performance after the Republican Convention, Romney surged following Obama’s listless performance after the first presidential debate. Nevertheless, the president cemented a lead in battleground states heading into Tuesday’s election.
In his concession speech from Boston, Romney wished Obama well.
"This is a time of great challenges for America, and I pray that the president will be successful in guiding our nation," he said.
What would you do if you we're Boeing? Why are the workers in Oregon more important than those in SC? Shouldn't Boeing do what they need to do to stay globally competitive?
What are people demanding? What does OWS want? What does Obama mean by spreading the wealth around? The single point I remember from the Obama campaign ( besides free birth control) was raising taxes on the rich. When a reporter pointed out to Obama that his policy would fund the government for around 8 days (or something like that), he said it was about fairness. Help me understand, I'm clearly a little slow.
You would pay everyone the same hourly rate regardless of skill, experience, talent, innovative ideas, etc... Let me guess, you don't run a business do you?
It is all about bringing value and providing a skill, connections, or innovation that the company needs. If you can do that, you can name your price. If you can be easily replaced, you don't have much bargaining power.
Based on what you say, then a worker with one year experience should make the same as someone with 30 years experience if both give 100%? I would think variables like work force talent, experience and also the cost of living for different areas would need to be considered. Also, local unions in different states work out their own contracts. To say everyone should make the same across the country is too general a statement that can't be applied fairly, even for the worker.
Be bold, take calculated risks, and make the most of the short time we have. This still can be the land of opportunity, but there is fierce competition globally. We can no longer take advantage of 1/3 of the planet being decimated after WWII and having no choice to but buy from us. The third world is becoming more and more competitive as the days pass. We can long for the good old times all we want, but they are gone. We can strive to be better, or we can slink into becoming the "new" old world and head the way of Europe. Again, if the solutions to our problems don't lie within each of us. If it is not up to each individual to do the best for them and their family, then what is the solution?
Yes i do indeed know of profit sharing and don't believe it is socialist at all assuming a firm does it on their own. Profit sharing can be a great way to attract and retain the best talent available. Stock options, performance bonuses and other perks such as 9-80 can also assist it getting and keeping the best talent. If specialized skills are needed, or if those skills are in high demand, profit sharing can make all the difference in the world to a firm's success. If the firm is forced into profit sharing, then yes it would be socialist. Further, if a law was passed that all corporations must profit share what do you think would happen? How would McDonalds address this? What would happen to the cost of the goods and services a firm offers? We all need to realize that the key to success in this global economy is developing specialized skills, making oneself valuable to an employer and separating oneself from the rest of the pack. It is no different then when you choose a product or service. You buy based on quality, cost, or uniqueness of the offering. If you want high performance, you pay more. If you are ok with a throw away, you can pay less.
You also said that "No American who labors for 40 hours a week or more should be in or near poverty level." I would counter and say that it certainly depends on what they are doing with those 40 hours. Not all work is equal my friend. As far as your vote in the last election, what do you think Obama will accomplish that will make things better? Please enlighten me.
From the NY Times http://www.nytimes.com/2005/10/26/business/worldbusiness/26labor.html?pagewanted=all&_r=0 My take is that much of what is made in Germany are higher end niche products that require the consumer to pay a premium. Those willing to pay that premium still exist, but the competition is growing. Much like how the Japanese originally entered the auto market with low end "throw away" vehicles and eventually entered the high end and captured market share, so are the Koreans. There is no way to avoid the competitiveness of the Global Market place. Germany is already feeling the impact and will more so in the future. You can get away with paying the highest hourly rate in the world so long as the world considers you products to be the best, or a status symbol, and there are enough people willing to pay for them. If your perceived quality goes down, or your competitors quality increases you have issues. If your brand goes out of favor for any reason you have issues. If the quantity of people willing to pay the premium for your brand decreases you have issues. If any combination of these things occurs in parallel, you have big problems.
From the NY Times http://www.nytimes.com/2005/10/26/business/worldbusiness/26labor.html?pagewanted=all&_r=0 My take is that much of what is made in Germany are higher end niche products that require the consumer to pay a premium. Those willing to pay that premium still exist, but the competition is growing. Much like how the Japanese originally entered the auto market with low end "throw away" vehicles and eventually entered the high end and captured market share, so are the Koreans. There is no way to avoid the competitiveness of the Global Market place. Germany is already feeling the impact and will more so in the future. You can get away with paying the highest hourly rate in the world so long as the world considers you products to be the best, or a status symbol, and there are enough people willing to pay for them. If your perceived quality goes down, or your competitors quality increases you have issues. If your brand goes out of favor for any reason you have issues. If the quantity of people willing to pay the premium for your brand decreases you have issues. If any combination of these things occurs in parallel, you have big problems.
As the perceived gap between BMW/Audi/Mercedes and the competition tightens (as it is right now), or the gap between Seimens and GE, or Fanuc, or Asian copies tightens, German companies will continue to battle their labor unions, will increasingly look to outsource, and will need to in order to survive. There is no escaping this reality while maintaining current levels of production. They could choose to become even more niche, raise prices, and compete more and more at the very high end, but the market for that won’t support the current employment levels. If they did that, they could pay the reduced number of employees even more than they do currently and survive as a much smaller firm (think Rolex/Ferrari/etc…).
California has missed the boat. Their high taxes and well paid teachers did nothing to improve the educational level for their state. Talk about degrading circumstances, obviously government 'taxing' does not avert degradation.
This is a test, this is only a test. This is a great article about corporate tax rates Phyllis. I hope this link works.
http://www.germany.info/Vertretung/usa/en/__pr/P__Wash/2012/01/31-vocational-pr.html