Forum Post: Whats the game plan?
Posted 13 years ago on Oct. 12, 2011, 12:57 p.m. EST by Riott
(44)
This content is user submitted and not an official statement
Why is the 99% listing demands? This movement is about forcing the change! We make the change for them! This is about taking back our country, not asking them to change it for us. That hasn't worked.
Hit them where it hurts - Remove your money from the equation. It starts with spending. Vote in officials that share our interests; who cares if they are rep or dem, personally, I rather neither because neither of them have proven to work. Stop paying on credit cards, stop paying for insurance's that you don't need, cut all costs that are not needed (period). This only provides them with more fuel.
Removing savings/checking hurts, stop making payments = death. Show them you are tired of living off of credit. Credit is used to fill in the gap for middle class and lower. We don't want credit, we want our fair share!
Think Locally Not Globally! Spend community first, then state, then nationally.
Most of all, stop asking them to change the system. We're here to change it for them! These are just a few guidelines that hopefully will give us more focus. But what we really need is a bigger game plan. Anyone?
1) Companies need to start investing cash to create jobs now... 2) Companies need to pay their suppliers faster. 3) Cash hoarding companies need to create jobs now and start the process of economic recovery.
These companies can be identified, they need to be held accountable, stop hoarding cash, put them on the spot, ask the CEO's for public interviews... get the word out, that corporations have lost their faith in America and America will lose faith in them.
Name these companies and let consumers know, so we can make a difference.
Stop looking to the government your demands are with wall street. Let's start getting companies to jump start the economy. Occupy Wall Street needs to put accountability where it belongs and give consumers the option to support or stop supporting companies that are deliberately sabotaging the economic recovery. Here are some articles you need to read. Find out which companies are hoarding cash and eliminating jobs when they could add jobs... tell the world about this sabotage. What can you do to jumpstart the economy? Educate Yourself - Read these articles
Tech Journal – 9/13/2011 http://www.techjournalsouth.com/2011/09/recession-not-likely-but-cfos-pessimistic-about-economy/ “Recession not likely: CFO’s are pessimistic about the economy” Duke University study concludes: SUMMARY OF FINDINGS – CFO optimism plunged in the third quarter, with 65 percent of U.S. executives growing more pessimistic compared with 12 percent who grew more optimistic. European and Chinese optimism also dropped dramatically, with pessimists outnumbering optimists by more than four to one. Optimism in the rest of Asia (not including China) also fell, though by a smaller margin. – Capital spending in the U.S. is expected to see solid growth of 4.5 percent, but that is about half the pace predicted last quarter. One-third of firms say they’ve slowed planned spending this year, citing economic uncertainty and funding constraints. – Domestic U.S. employment is expected to rise about 1 percent in the next year, which would likely leave the unemployment rate stalled around 9 percent. – Most firms plan to hold onto cash due to great economic uncertainty. In the past six months, one-third of U.S. companies say they have delayed or canceled previous plans for capital spending, citing U.S. and global economic uncertainty, lack of access to sufficient funding, weak demand and the regulatory environment. “Rather than spend, many companies say they will hold onto their hoards of cash,” said John Graham, a professor of finance at Fuqua and director of the survey. Sageworks – 6/22/2011 http://www.sageworksinc.com/blog/post/2011/06/22/Average-Accounts-Payable-Days-at-5-Year-High.aspx “Companies hoarding cash as 2011 accounts payable rises 3 days”
How long are companies taking to pay their suppliers? Sageworks, Inc. just released exclusive YTD averages for Accounts Payable Days in major industries including construction, manufacturing, wholesale trade, retail trade, and real estate. All five of these industries are seeing increasing profits, but they are dragging when it comes to paying suppliers. Additional Data & Highlights: • Excluding real estate, 14 out of 19 major sectors are increasing A/P days despite experiencing sales growth in 2011. • The manufacturing industry is taking an average of 42.2 days to pay vendors, up 6 days from 2010. • Across the five industries, all are taking at least 3 additional days to pay their vendors in 2011 versus 2010.
This trend of increasing A/P days for the first half of 2011 indicates that many companies are extremely cautious, a sign of ongoing uncertainty motivating companies to hold onto cash as long as possible.
The Chicago Tribune – 8/8/2011 http://articles.chicagotribune.com/2011-08-08/business/ct-biz-0807-outside-opinion-jobs-20110808_1_corporate-cash-holdings-productiv “Companies doing more with less labor, not changing anytime soon” We're all well-aware of the "Debbie Downer" news: Our unemployment rate is at 9.1 percent; the stock market has seen better days; gas and food prices are on the rise; consumers are barely spending. But you can't tell that by the balance sheets of some U.S. companies. According to a July 27 Moody's Investors Service report, U.S. nonfinancial companies held $1.2 trillion in corporate cash holdings at the end of 2010, up 11 percent from a year earlier. But instead of using that money to hire, the companies are stashing the cash in this uneasy economy. Some are even cutting workers. In one high-profile case, pharmaceutical giant Merck & Co. announced the elimination of 13,000 jobs after posting second-quarter net income of $2.02 billion at the end of July.
Candy Smith