Gary M Posted February 16, 2012 Posted February 16, 2012 http://finance.yahoo.com/news/obama-wants-cheaper-pennies-nickels-101600840.html "Just the administrative cost of minting 4.3 billion pennies costs almost a half-cent per coin by itself, leaving precious little room to make a penny for less than a cent, no matter the raw material used." Maybe they need to reduce the administration costs? Whose cousin is working at the mint?
/dev/null Posted February 16, 2012 Posted February 16, 2012 On 2/16/2012 at 1:23 PM, Gary M said: Whose cousin is working at the mint? Reminds me of a classic scene from I knew it, I'm surrounded by a--holes
Buff_bills4ever Posted February 16, 2012 Posted February 16, 2012 Maybe they should just stop making pennies?
ieatcrayonz Posted February 16, 2012 Posted February 16, 2012 Why is the cost of making a penny all that important? That penny itself will be circulated thousands of times. It isn't as if they make a car for $250,000 and sell it for $225,000.
DC Tom Posted February 16, 2012 Posted February 16, 2012 On 2/16/2012 at 1:23 PM, Gary M said: http://finance.yahoo.com/news/obama-wants-cheaper-pennies-nickels-101600840.html "Just the administrative cost of minting 4.3 billion pennies costs almost a half-cent per coin by itself, leaving precious little room to make a penny for less than a cent, no matter the raw material used." Maybe they need to reduce the administration costs? Whose cousin is working at the mint? When you're manufacturing 4 billion units of anything, $21M is not a lot as administrative costs go.
IDBillzFan Posted February 16, 2012 Posted February 16, 2012 Stand by for Obama's next great idea: Since we can't decrease the cost to make pennies, let's just make pennies worth two cents! Presto, we just cut our production costs in half. You see, I'm an idea man. I get ideas all day long. I can't control 'em.
B-Man Posted February 16, 2012 Posted February 16, 2012 On 2/16/2012 at 3:30 PM, LABillzFan said: You see, I'm an idea man. I get ideas all day long. I can't control 'em.[/i] Night Shift reference ?..........................nice. .
IDBillzFan Posted February 16, 2012 Posted February 16, 2012 On 2/16/2012 at 3:42 PM, B-Man said: Night Shift reference ?..........................nice. For all the mocking I do of Obama, it always comes back to two characters: Bill Blazejowski from "Night Shift" and Dewey Oxburger from "Stripes," because no matter how many times I hear Obama trying to explain something...anything...I hear two things all the time: "What if you mix the mayonnaise in the can, WITH the tunafish? Or... hold it! Chuck! I got it! Take LIVE tuna fish, and FEED 'em mayonnaise! Oh this is great" And this... "What are you doing? No, no... get off. Get off. See... you gotta make my bunk. See, we're in Italy. The guy on the top bunk, he's gotta make the guy on the bottom's bunk... he's gotta make his bed, all the time. See, it's in the regulations. See, if we were in Germany, I'd have to make yours. But we're in Italy, so you gotta make mine. It's in the regulations.
Gary M Posted February 16, 2012 Author Posted February 16, 2012 On 2/16/2012 at 2:50 PM, DC Tom said: When you're manufacturing 4 billion units of anything, $21M is not a lot as administrative costs go. Come on, they punch them out on a damn machine, the problem is they have ten guys standing around to make sure the one pushes the right button.
DC Tom Posted February 16, 2012 Posted February 16, 2012 On 2/16/2012 at 6:39 PM, Gary M said: Come on, they punch them out on a damn machine, the problem is they have ten guys standing around to make sure the one pushes the right button. Yeah, that's all they do. There's no supply chain or distribution network or any sort of planning whatsoever. Idiot.
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