Quote:
Originally Posted by dar512
TW is master of the obvious. Anyone who works in corporate America can see what the tyranny of the quarterly earnings report is doing to publicly owned companies.
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If it was so obvious, then why did so many Cellar dwellers buy General Motors cars (Chevys, Oldsmobiles, Pontiacs, Saturns, etc) even 30 years ago? Why did they want to harm America? No, not obvious until the MBA has created damage by mortgaging the future. Not obvious for typically a decade later.
Did you see the massive mortgaging of America when a majority were seething (with veins hanging from their teeth) because 'Saddam was evil'? It was obvious (for same reasons) that Saddam did not have WMDs. And now obvious because we are just beginning to pay for that intentional lie. Warnings of that obvious mistake (including the inevitable economic damage) were posted here by me - vehemently. The expression Deja Vue Nam routinely posted because that was a lesson from Vietnam.
How many realize we are just beginning to pay for those lies? That GM uses accounting tricks to avoid the same bankruptcy in 1991. How many realized we had serious problems when nothing was done to address the problems - Long Term Capital Management and Enron? It was obvious. What was not obvious was when we would have to pay for all this.
14% of this nation's mortgages are in default. A number reportedly increasing by a new quarter million every month. Do you realize that accounting is still not reporting MBA lies? However other facts do report problems. The majority of designers now in the Silicon Valley are Chinese or Indian immigrants. Another symptom - most every computer repairman does not even know how electricity works. Why did Eastman Kodak just sell off its organic transistor group (ie electronic paper) to the South Koreans? Why do the French own the Bell Labs?
Of course, everyone always knew this because it is obvious? Yes, obvious. But not well known when information comes from a political agenda rather than from reality. It was also obvious that the Saddam WMD threat was a complete myth. Obvious and a majority even here (where the facts could be read), instead, denied reality.