The Democratic Ticket and Wall Street

iVillage Member
Registered: 10-23-2003
The Democratic Ticket and Wall Street
16
Wed, 07-07-2004 - 4:02am
From the looks of the market yesterday, Wall Street is nervous about Kerry naming an ambulance chaser to the ticket.

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Avatar for baileyhouse
iVillage Member
Registered: 03-26-2003
Wed, 07-07-2004 - 7:57am
Well then does that me mean that many Wall Street "players" "fear" that Kerry/Edwards will win????

How can that be???? I mean the economy is doing so well right???
iVillage Member
Registered: 03-26-2003
Wed, 07-07-2004 - 8:09am
<<<
How can that be???? I mean the economy is doing so well right???>>>>



BINGO!!!!!!!!!!!!! ROFLOL

iVillage Member
Registered: 06-17-2004
Wed, 07-07-2004 - 9:11am
It won't be if Kerry & Edwards are elected.

Renee ~~~

iVillage Member
Registered: 10-23-2003
Wed, 07-07-2004 - 10:27pm
Your idea of "creating jobs" is to sue corporate America into creating jobs! Anyone who has ever run any business, large or small knows that increasing the cost of doing business doesn't create jobs, but of course who am I to argue with genius. Perhaps you should look at the Carnahan lawsuit and how many jobs it created for the companies that had to pay out millions to a greedy family and greedy shysters! Maybe you can hire the people who have lost their jobs as a result of frivolous litigation.
Avatar for baileyhouse
iVillage Member
Registered: 03-26-2003
Wed, 07-07-2004 - 10:39pm
What on earth are you talking about???? Did I say anything about job creation???? Did your OP say anything about it???
iVillage Member
Registered: 10-23-2003
Wed, 07-07-2004 - 10:51pm
Well, Kerry in his many rantings was talking about how he'd create jobs. Is employment not a factor in the economy? For those of you on the left, when the market does well, corporate America is doing well. And who do you suppose employs American workers? Amtrak? The Postal Service? France?
iVillage Member
Registered: 03-26-2003
Wed, 07-07-2004 - 10:56pm
I'm very interested. Do you have any figures on how many people have lost their jobs due to lawsuits? I mean besides the wedgeheads who created the problem that got the business sued in the first place? I've never seen any figures on this. Did you find them on the site of Business and Labor statistics? Were there more of them than there were of people who lost their money when Enron collapsed? Were they all clustered in one part of the country or were they all over? What industry were they in? Or did it matter? Does it include the employees who were fired when McDonalds sued the little boy who was marketing the electric net gizmo he called "All Net" when McDonalds sued him for copyright infringment?

Please, direct us to this place that keeps those statistics.

Avatar for baileyhouse
iVillage Member
Registered: 03-26-2003
Wed, 07-07-2004 - 10:59pm
I'm sorry I guess I misunderstood your OP, I thought it was just light banter. I'm not in the mood deal with this type of post at the moment.

Have a nice evening.

iVillage Member
Registered: 10-23-2003
Wed, 07-07-2004 - 11:26pm
I have as many statistics as you. I will give you some facts. In 1986 Cessna Aircraft Co. quit making piston engine airplanes and didn't resume production until 1996 when congress finally realized that lawsuits were out of control and passed legislation to limit the number of suits based on the age of aircraft. I don't know how many workers Cessna employed in it's piston airplane plants but any idiot can figure out that all lost their jobs. Cessna attributes all this to lawsuits. With regard to the Carnahan lawsuit, the Carnahan family sued Parker-Hannifin for $100million claiming that the reason the pilot, Gov. Carnahan's son became disoriented was the failure of the vacuum pumps that supplied power to the AI (attitude indicator). The twin engine Cessna that the Carnahans were in had two vacuum pumps, one for each engine and the official NTSB report confirms that both pumps were working. Nevertheless, a jury of idiots awarded $4 million that was later reduced to 2.4 million. This lovely family also sued Cessna and every other company that made so much as a rivit in the airplane. They also filed an appeal claiming that they still deserved the $100 million. Parker-Hannifin subsequently quit making vacuum pumps for aircraft. Of course you can probably argue in typical knee jerk left wing fashion that these workers went on to find jobs elsewhere. Perhaps they went to work for McDonalds!
iVillage Member
Registered: 03-26-2003
Thu, 07-08-2004 - 7:05am
"A jury of idiots..."

First, I didn't ask for an anidote, I asked for statistics. I refuse to accept one example and extroplate from there. It's like saying all American soldiers practice torture, based on recent news.

"A jury of idiots..."

Second, as I recall that lawsuit, the company was represented by lawyers, too. Strange how the plaintiff's lawyers always seem to so much better than the defense lawyers, isn't it?

"A jury of idiots..."

Third, didn't the FAA make a finding that the guidence system was not working correctly? And wasn't that prior to the suit?

"A jury of idiots..."

I wonder, how did the Carnahan lawyers, who had to select the twelve jurors who served, manage to pack the petite jury with "idiots" from the same jury pool that the defense lawyers used for their jurors? And, in fact, did the federal judge even allow voir dire? I know that for a long time, the Federal Eastern District Courts did not allow voir dire.

"A jury of idiots..."

I'm sure that if any employee lost their job, they can now find a job at McDonalds. After all, that's were most of the jobs created by the Bush administration have been. Unless, of course, they move to India. But I doubt employees were as big a group of idiots as to have done that.

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