Thread regarding Union Pacific Corp. layoffs

Is there really someone out there who didn't see this coming? The curtain on this sh–show went up many years ago, and the main event started went Trump took office. Remember the tax cuts Trump touted? Fritz became CEO in 2015. Trump got elected in 2016. Investors started digging their claws into corporations, because they predicted a large rise in stock values. There's report after report about how companies are cutting costs and laying off employees. So many people aren't reading the fine print here. Its ALWAYS been about the money. Corporate decisions are being made due to Wall street investor requests. Stock prices are at the highest it's ever been in history. Huge surpluses in profits, lower taxes, and lower costs. You can call BS on it if you want, but look at the god damn facts. For example, Fritz posted about record profits and yet laid off thousands of people? Come on people wake up. This all started some time ago. Right now I'd be very interested in seeing what his CEO contract terms are, and what he stands to gain. Any takers about whether or not Fritz will resign shortly when the sh– really starts hitting the fan?

The railroads ARE regulated and have been regulated for quite some time. The Staggers Act loosened the regulations enough for railroads to be profitable (and do things like set their own rates) but the industry was and is still regulated.

The problem is that the regulators are not doing their jobs. The hedge funds behind all this nonsense had to buy the politicians before they pushed PSR. Follow the money, and voice your objections to any politician who will listen.

I’m as capitalistic as they come, but hedge funds and private equity need regulations. “They produce nothing and destroy entire cities.”

Regulate the railroads. We need them, and if they’re going to play get-rich-quick schemes, then screw them. They can just deal with the government oversight that their greed has earned. What a bunch of ruthless, thoughtless thieves.