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View Diary: Peasants as far as I can see (169 comments)

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  •  GREED is the enemy. I paid my employees between (5+ / 0-)

    $10.00 and $12.50 an hour in the 1980 when a Perdue chicken cost $7.00.  I joked back then that I felt I had to pay an hourly wage of "more than the cost of a Perdue roasting chicken"

    Businesses thrived in New England until the Savings & Loan criminals crashed the Bank of New England and lending literally STOPPED.

    You see, no one mentions this, but entrepreneurs and small businesses, requiring 30/60/90 day bridge loans, are at the mercy of lending.  If lending freezes, like fleas off a dogs back, entreprenuers and small businesses are shed from the market.

    I wonder if the banks, hedgefunds, and CEOs don't collude with their "national chains of this and that" which kills both entrepreneurs and small businesses.  All the banks have to do is freeze lending for three-six months or so.

    In 1993 Boston area, I watched my eleven years of hard work and diligence building several small businesses evaporate.  I lost everything, including my house which I had paid $60,000 in interest at the time and which had lost $50,000 in value.  The recent downturn was deja vu for me.

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Tue Dec 11, 2012 at 01:28:17 PM PST

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