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Here is John Galt

Posted by Signofthedollar 12 years, 1 month ago to Economics
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It's only a matter of time before he goes Galt.
SOURCE URL: http://www.cnbc.com/id/49356069


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  • Posted by XenokRoy 12 years, 1 month ago
    Great article.

    The scary thing is he is one of thousands that are thinking the same thing. He is just gutsy enough to say it.

    I have two sisters that are both loan officers at banks. Between them they have over 200 business loans that have been approved but are awaiting the results of the election before signing the loans and doing thier expansion. If Obama wins most will likely not expand, or invest but hunker down and do what they can to survive rather than increase production. They do not believe there will be a market to sell the increased production too. On the flip side those 200+ business expanding could mean another 200+ jobs for people in the area. Those only get created if the businesses have faith that the environment will allow them to turn a proffit on the investments they are making, and quickly as the costs of the loans must be offset by the expansion of the business.

    People like this CEO must speak up so that everyone understands that if Obama gets another 4 years we will see a huge contraction of the economy.
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  • Posted by $ jmlesniewski 12 years, 1 month ago
    Wow, that's pretty interesting. What's scary is the comments section...
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    • Posted by XenokRoy 12 years, 1 month ago
      I could not agree more. It is amazing how many are devoid of very basic common sense facts about money, production and life.
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      • Posted by LetsShrug 12 years, 1 month ago
        It's truly frightening how uninformed too many people are and they don't even care to educate themselves on these matters. They just follow somebody else's whining and complaining lead, but their limited thought process never ventures outside of their own comfort zone. There's a big pointy pin heading right for their bubble and they don't even see it coming. I keep asking myself, "do none of these people have a household budget they have to live within, or know simple math even?"
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    • Posted by Solver 12 years, 1 month ago
      Some people seem to believe that businesses are communes that must provide jobs and healthcare that they are entitled to. Add to that their envy or hatred of success. Karl Marx would be proud.
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    • Posted by 12 years, 1 month ago
      When someone says Ayn Rand was totally wrong and crazy. Point them to this website. It is the whole of Atlas Shrugged in a web page. If you own a business start shutting down and getting out.....
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  • Posted by overmanwarrior 12 years, 1 month ago
    Good for him. Hopefully more people like him will start to do the same. There are consequences to stupidity, and we've allowed ourselves to be ruled by stupidity for way too long. Its time to bring logic back to the center of our culture. If people don't like to work for people who say such things, then they can start their own job.
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    • Posted by $ winterwind 12 years, 1 month ago
      What I found refreshing was the fact that he stood up and told the truth. So many of those who make up "the 1%" are silent, probably hoping no one will notice them. If you love what you do, and it has returned your investment of time, money, brains and energy, say so! Even if you're in the middle of that process, say so! Their silence can not possibly help them, while speaking out might.
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  • Posted by 12 years, 1 month ago
    Read the comments, it just get worse and worse. Funny that its in the "inside wealth" section. I should be in the "inside the wealthy's back pocket" section.
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    • Posted by $ jmlesniewski 12 years, 1 month ago
      I could only get so far in reading the comments before I got tired and moved on to something else.
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      • Posted by $ winterwind 12 years, 1 month ago
        I read comments for a while, smiled at the good ones, but came away from the 6 pgs. I could stand to read TERRIFIED. I had no idea that there were that many people in America who have no idea of how business works. Who are those slugs going to loot after they discover that Siegal's money won't support them forever? Me? Nope, I'm on strike!
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        • Posted by XenokRoy 12 years, 1 month ago
          I have been a business manager in technology for the last 15 years. for the most part the people that have worked for me have been hard working people who want honest pay and to give their employer profit on what they do. They want value for value.

          This is not statistically sound, not do I find all the new work force to be this way. In that 15 years I had to fire one person in the first 12 years. Of the new hires in my organization 3 years ago (5 that year) 2 were experienced staff, and 3 were directly out of college, of those I had to fire the three that were directly out of college; they had no work ethic and seemed to feel that it was enough to show up to work on time and leave on time. What was accomplished or not accomplished did not matter.

          I have since adjusted my interview process with question both written and verbal to weed out people with a philosophy of entitlement and have not had to let anyone go since. It is amazing how many college graduates those questions have eliminated from my pool on the phone interview. It is an epidemic in that age group from what I have seen.
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