Sunday Morning Stupid

Today's stupid award goes to those businesses that believe shareholders are more important than their own workers.

“American business is about maximizing shareholder value,” said Allen Sinai, chief global economist at the research firm Decision Economics. “You basically don’t want workers. You hire less, and you try to find capital equipment to replace them.”

One would have to be pretty stupid not to understand the consequences of getting rid of your employees so the shareholders can make few more dollars.  And what would those consequences be?  Uhh, no job translates into no money to buy the products or services of said company.  Company eventually goes bankrupt due to lack of sales and shareholders lose money.  All because of greed and an inability to see the forest for the trees.

Meanwhile, the GOP and the teabaggers babble endlessly about people needing to pull themselves up their bootstraps, learn new skills as education funding is cut to to the bone, stop depending on government "handouts" and get another job.  When even Wal-Mart posts a loss, how many jobs can there be?  Not many and not for a long time. But the bonuses to the executives continue.

Blaming the president and Congress is easy, but they aren't the ones who outsourced jobs overseas and/or are hiring temporary workers for less pay and no benefits so shareholders can get another 50 cents.  Isn't capitalism a great system?

BBB