The Conservative Cave
Current Events => The DUmpster => Topic started by: LC EFA on March 02, 2009, 05:04:28 PM
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Jokinomx (1000+ posts) Mon Mar-02-09 08:44 AM
Original message
I joined the millions on the Unemployment roles today.
I was laid off Friday.... one of six, bringing the total to 15 out of 35 employees. I worked in very high end furniture manufacturing. Our furniture costs from 3 to 4 thousand for a small table to $25,000 for a six drawer chest. Last month we sent out three chests to a Morgan Chase bank worth over $80,000.00. FYI - I don't believe this bank was involved in the bailout. The owner stated that our clientele was the top 1% of incomes. Sales dropped off by 40% last month. We had been actually expanding until late last year. We entered our brand new facility on January 5th. Then the shit hit the fan. With those over 250,000 in incomes having their taxes raised... and as the owner said.... most of these people have lost nearly half their wealth within the last year (stocks & properties). So they have quit spending.
So now we know that this depression has hit the most wealthy in our country. The owner of my company stated he would call me back if the market improves. We shall see.
When will this all end?
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5167023
Tell me again how trickle down economics doesn't work, now that you're a casualty of it.
You poison the root, and the branches wither and the leaves fall off. Poison it enough and the tree dies.
If you were employed making, as you say "very high end furniture" that makes you a skilled trades person, who should be able to find work even for a lower wage.
jody Donating Member (1000+ posts) Mon Mar-02-09 08:50 AM
Response to Original message
3. "When will this all end?" When the excess inventory of over priced goods is depleted requiring
their prices be reduced to meet market demand.
In your example, the $25,000 six drawer chest may be worth a few thousand to consumers.
You do realize that a company that employs presumably skilled trades people to produce "very high end furniture", will probably not see any reason to continue manufacturing their product when they can't make what they consider a reasonable profit on it.
This will cause that company to reduce or cease production resulting in those skilled trades reentering the job market.
thecrow Donating Member (1000+ posts) Mon Mar-02-09 08:56 AM
Response to Original message
7. I have found that no one needs a jewelry model maker either :(
Those of us in the "luxury" items manufacturing business have nowhere to turn.
I've been at my work for over 35 years. Where do I get a job? How do I pay my mortgage?
Freelance doesn't cut it. Nobody's buying.
I do not know what to do... I'm closing in on 60 but I am too poor and too young to retire.
I've been working as head modelmaker for a company for over 15 years... unemployment is a joke...
It won't even cover my mortgage. Forget losing half of everything. I will lose it ALL.
Do you get it now ?
The wealthy people that support you, that you profess to hate and want to punish are now voting.
KharmaTrain Donating Member (1000+ posts) Mon Mar-02-09 09:09 AM
Response to Original message
18. But I'm Being Told The Upper 1% Creates All The Jobs...
First of all, let me add to the many who are saddened to see you've become a victim of the boooosh economy and here's hoping for a quick turnaround in your fates. Hold those close closer...and stay believing in yourself, good things will happen.
Now I thought the rich were the ones who created the jobs, the wealth...that we should let them lead us out of this financial quagmire and don't dare touch their taxes. You'd think if this was the case, we'd see them cranking out jobs by the score...let the "marketplace" buy our way out of this thing...plenty of free credit, no money down. And, of course, government never creates jobs. :sarcasm:
Those who have money are holding on for dear life these days...the party is over and many are having a big hangover.
Actually government creates jobs at a rate of probably 4:1 for any given task as compared to a private company, which is a large part of why they're so effective at spending other peoples money.
Now you want to give the government the ability to take more of what they have, without realizing that wealthy people are much like some of you.
The less they have the less they want to spend or invest or what have you.
The more the government takes away means less they have to spend on a compounding basis.
The less they spend, as you correctly note, is less to trickle down to the rest of you.
You probably still don't get it though.
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Teh Stoopid is strong in that thread.
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A company looses 40% of it's market profits lets go 40% of it's workforce...geez. I guess in this * economy things still suck for the 'little' guy.
Got to hand it to Michigan, though. 26 weeks of full benefits for this skilled worker. At least he can make a buck coaching little league.
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Look it at this way, DUmmy. You'll have much more free time to fire up some doobs with they other DUmmies that stay up in Michigan and maybe networking with them can get you a job as a small-time dope dealer.
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Quote from chokoncox : Sales dropped off by 40% last month. We had been actually expanding until late last year.
Yep, business was good until 0Bama was elected, your losing your job is either irony or just plain funny.
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Quote from chokoncox : Sales dropped off by 40% last month. We had been actually expanding until late last year.
Yep, business was good until 0Bama was elected, your losing your job is either irony or just plain funny.
I only wish the employer who fired the OP gave them the "You voted for Barack, now I can't afford to pay you" speech while handing out pink slips...
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welcome to economics 101.
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I only wish the employer who fired the OP gave them the "You voted for Barack, now I can't afford to pay you" speech while handing out pink slips...
Wouldn't that be a hoot? Said DUmmy gets to experience the "Law of Unintended Consequences" firsthand.
:evillaugh: :tongue: :loser:
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Kharma Chameleon actually thinks that companies should hire more people in a bad economy to prove capitalism??
what a maroon
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Yes, government can create jobs. What government can't do and has never done is produce a good. Jobs, yes. Produce a commodity/product? No.
Get it right DUmmie or get off my planet.
KC
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Teh Stoopid is strong in that thread.
Yep, and you can't fix stoopid....
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Yes, you can.
(http://www.gandrtactical.com/images/archive/Hornady/75gr%20TAP%2050rds.jpg)
50 cases maximum......millions more to go.
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The original post should have been a huge teaching moment. The one about the jewelry modelmaker, as well. For all the railings and rantings these people do about the "rich" people ought to be ground up as sausages for pigs, etc. they should now realize that rich people are our friends.
Jokeinomx's and thecrow's bosses and customers just shrugged.
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Jokinomx (1000+ posts) Mon Mar-02-09 08:44 AM
Original message
I joined the millions on the Unemployment roles today.
I was laid off Friday.... one of six, bringing the total to 15 out of 35 employees. I worked in very high end furniture manufacturing. Our furniture costs from 3 to 4 thousand for a small table to $25,000 for a six drawer chest.
So, how's that "Soak the rich and the corporations" plan workin' out for ya?
:rotf:
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One of the most cynical things in a life filled with such things was when Vast Teddy sought during the early 1990s to impose a luxury tax on yachts, and succeeded.
Then two years later, after George Bush was gone and the Impeached One in office, Vast Teddy busted his ass, and succeeded, in getting that luxury tax on yachts repealed.
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One of the most cynical things in a life filled with such things was when Vast Teddy sought during the early 1990s to impose a luxury tax on yachts, and succeeded.
Then two years later, after George Bush was gone and the Impeached One in office, Vast Teddy busted his ass, and succeeded, in getting that luxury tax on yachts repealed.
Yes, it turned out to be one of the classic illustrations of "Unintended consequences." Fatso thought it would generate tax revenue from the rich (No doubt the Kennedy family already having all the yachts it needed in hand at the time), but instead it destroyed the upper end of the boat-building business on the East Coast when it caused the buyers to simply stay away, putting large numbers of skilled tradesmen out of work.