Corporate profits hit record high; still no hiring

This is why tax cuts for the rich will work…WAIT! DID YOU SAY NO HIRING??!!

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I thought tax cuts created jobs.

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If only ….

If frogs had wings, they wouldn’t bump their ass every time they hopped.

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We just have to wait for the trickle.

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Large corporations don’t provide the bulk of jobs……..small businesses do, and they aren’t sitting on tons of cash……..can’t even get a loan……….and still don’t have an abundance of customers.

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“We just have to wait for the trickle.”

One is more than welcome to get out and start their own business any time they want……..but most would prefer to complain about others not doing it.

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Seems as if there might be a little conflict with CEO’s pay and actual hiring…guess who’s gonna lose on this one…

http://247wallst.com/2010/09/01/ceo-conflict-layoffs-boost-ceo-pay-c-bac-cat-vz-pfe-emr-jpm-aa-wmt-mrk-jnj-hpq-dis-ibm-t-f-utx/

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They’re hiring, just not many people. They can afford to be very very very picky right now and probably for the next several years.

Time to add to the resume if you are unemployed.

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Start up companies in their first five years of existence create jobs. Large corporations have very small net changes, some hire while others lay off, regardless of profits. Tight credit markets, economic uncertainty, and Obamacare are stiffling the start ups.

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But what are taxes increasing going to do?

Help lower the deficit

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Why are many Democrats in agreement with Republicans that raising taxes on the “rich” is a bad idea?

Because they are in the same pocket…

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John Birch,

“Large corporations have very small net changes,”

Citigroup Inc. (NYSE:C), 52,125 layoffs
Bank of America Corp. (NYSE:BAC), 35,000 layoffs
Caterpillar Inc. (NYSE:CAT), 27,499 layoffs
Verizon Communications Inc. (NYSE:VZ), 21,308 layoffs
Pfizer Inc. (NYSE:PFE), 19,872 layoffs
Emerson Electric Co. (NYSE:EMR), 14,200 layoffs
J.P. Morgan Chase & Co. (NYSE:JPM), 14,000 layoffs
Alcoa, Inc. (NYSE:AA), 13,985 layoffs
Wal-Mart Stores Inc. (NYSE:WMT),13,350 layoffs

Which large corporations are making up for those 160+ layoffs?

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I really hate to say this but………..

It’s not unexpected. Companies laid off workers and then found that they were getting more production with fewer people. The ones left had to pick up the slack and actually WORK while they were at work. I read an article on this just the other day.

How many folks that spend time on these blogs are at work actually SUPPOSED to be um………. working? I’ve been a part of message board communities where some of the heaviest posters posted from 9-5 but not at home. I’m self employed (when I actually choose to work lol), so if I spend time blogging, the only one I’m screwing is me. But if I had an employee that had time to blog at work, I would consider that as one employee too many.

As far as that “sitting on their cash to see what happens” bull crap, it’s just that, bull squeeze. When I have more work than I can do I hire someone else. Plain and simple. All that boortz junk is just that, junk. I don’t know a single self employed person who would EVER turn away business because they didn’t have the man power and were afraid to hire someone, the entire notion is just ludicrous.

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Why are many Democrats in agreement with Republicans that raising taxes on the “rich” is a bad idea?

because many Democrats are corporatist skank-ho’s. didn’t anyone ever teach you the facts of life, boy?

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The cons remind me of a sort of completely comedic and clueless Sherlock Holmes.

In spite of the mountains of evidence over thirty years of American corporate malfeasance and massive criminality, that demonstrates unequivocally why we are where we are, they concoct these dufus “explanations” that are based on……………………….well, I don’t think even they have an answer.

Well, I take that back. The esteemed and valorous Mr. Cheney did: “Nobody saw this coming”.

Utterly gutless and willfully myopic is NOT a winning combination, cons…

You see Mr. Watson, that House of cards is

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Finn McCool@1:43 pm

Companies realized efficiencies through computers and then through re-engineering. Why hire someone when you can get one person to do the job of 2 to 3 people. What’s the next thing they will squeeze?
————————–

Yes they did and then sent the computer jobs to India and China.

who’s next? more middleclass workers you can bank on it. Until no one but the CEO is left with all the profit.

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The problem is that profits are being realized through cost cutting and increasing worker productivity, so they’re doing more with less. The federal government needs to pay close attention to this because that’s exactly what it will have to do. Small.business start ups or lack there of is a big problem and until such time as uncertainty is removed regarding taxes, the impact of health care legislation and government over reach we’ll continue to be in a high unemployment condition.

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Because they are in the same pocket…

True dat, Normal!

The only difference between the Republican and Democratic Parties is the velocities with which their knees hit the floor when corporations knock on their door. That’s the only difference. ~Ralph Nader

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from the article linked @ 1.53:

Since 1980, according to the Bureau of Labor Statistics, the number of people employed in finance, broadly defined, has shot up from roughly five million to more than seven and a half million. During the same period, the profitability of the financial sector has increased greatly relative to other industries. Think of all the profits produced by businesses operating in the U.S. as a cake. Twenty-five years ago, the slice taken by financial firms was about a seventh of the whole. Last year, it was more than a quarter. (In 2006, at the peak of the boom, it was about a third.) In other words, during a period in which American companies have created iPhones, Home Depot, and Lipitor, the best place to work has been in an industry that doesn’t design, build, or sell a single tangible thing.

Not surprisingly, Wall Street has become the preferred destination for the bright young people who used to want to start up their own companies, work for NASA, or join the Peace Corps. At Harvard this spring, about a third of the seniors with secure jobs were heading to work in finance. Ben Friedman, a professor of economics at Harvard, recently wrote an article lamenting “the direction of such a large fraction of our most-skilled, best-educated, and most highly motivated young citizens to the financial sector.”

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If everyone was in business for themselves no one would ever pay unemployment compensation. Think of the money saved.

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Del-

Your whole last statement lacked any sense.

1. From a start-up standpoint, all cost are tax deductible.
2. If I am a start up business, the chances of me hiring 50 people off from the beginning is relatively small so the health care law wouldn’t even reach me.
3. To start a start up, I need a lot of capital, kinda hard to get capital with frozen credit markets.

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Lots of jobs helping states transition to the new health care world. But, to quote Austin Powers, ” that ain’t my bag, baby.”

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Companies laid off workers and then found that they were getting more production with fewer people. The ones left had to pick up the slack and actually WORK while they were at work.

The ones left had to work like their lives depended on it after seeing other productive people get laid off. It’s not like there was a productive slump prior to the layoffs. The American worker has become more and more efficient over the past 2-3 decades, yet the wages have stagnated. If you’re on the hot seat, you’re gonna find any way possible to get more productive in order to save your job.

If I’m at work and you see me post here, that’s because there’s nobody in front of me for me to perform my duties. My job ALWAYS comes before this blog or anything else non-job related.

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Yes, Del…The horror of a healthcare law that will help small businesses provide healthcare to its employees and the (GASP!!) utter terror or possibly being taxed about 3% more than the current rate (if they are very cusscessful) has hundreds, perhaps thousands, or ‘would-be entrepreneurs’ sitting on the sidelines waiting for HCR to be repealed and the Bush tax cuts to be extended permanently…

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I’ve said it before….

Our economy is being held hostage by the plutocrats, and it seems most of the right wing is infected with the Stockholm Syndrome.

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md,

“One is more than welcome to get out and start their own business any time they want……..but most would prefer to complain about others not doing it”

There is a valid point in there…if one is waiting for corporate America to provide salvation, they would be better off holding their breath…

The enterprising and self-reliant will always find a way to profit, regardless of the economy.

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The ones left had to pick up the slack and actually WORK while they were at work.

Yes, because it’s so much more honorable to work 11 or 12 hours a day than to work 8, then go spend time with your family, keep your marriage healthy, read to your children, and (when they’re older) actually know where they ARE at night and what they’re doing. Who needs weekends and vacations? Work work work makes for better citizens! Corporate values trump family values, especially with the advent of privatized prisons. There’s so MUCH money to be made there by a handful of people incarcerating those whose parents had no time to guide them because they both worked 60-hour weeks. Well-planned, indeed.

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“Uncertainty is merely a catch-all excuse for blaming Obama offered by people who can’t think up actual things he might have done to cause all this damage.”

Bingo!

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Most of the corporate executives and boards are greedy. They are okay with everyone in the organization working for less and with less; while they sit in their offices with little to do.

If we asked them to provide something physical (we can actually see or touch) that they did on a daily basis; most couldn’t. Some of their decisions over the years have actually gotten us into this economical mess and caused a loss in jobs.

Most would say that bad executives or decision makers get replaced, when they make bad business decisions, but we all know many that are in the same JOB for many years; without being replaced or downsized. While they keep taking home the bonuses and million dollar salaries.

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AmVet

Since someone brought up healthcare, why didn’t you tell me about incoming Rep. Andy Harris (R)? Seems that he got a little upset because he has to wait to get his government-funded socialized healthcare. Funny though, because he campaigned against socialized healthcare to get elected.

“He stood up and asked the two ladies who were answering questions why it had to take so long, what he would do without 28 days of health care,” said a congressional staffer who saw the exchange. The benefits session, held behind closed doors, drew about 250 freshman members, staffers and family members to the Capitol Visitors Center auditorium late Monday morning,”.

“Harris then asked if he could purchase insurance from the government to cover the gap,” added the aide, who was struck by the similarity to Harris’s request and the public option he denounced as a gateway to socialized medicine.

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“Pure assumption, as there is no way to ever know……………….”

I didn’t want to find out……. what actually could have happened. It just didn’t sound or look good at the time.

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I would suggest that “uncertainty” is a pure assumption.

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Del, exactly how does our gov’t ‘discourage’ success? Did the Reagan Admin ‘discourage success with tax rates much higher than today? Did the GWB admin discourage success with higher tax rates than most Americans have today?

Dude, I am trying to understand, but you have to add ALL the pieces together at some point, not just your cherry picked ASSumptions…

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Del

Saw your response on the previous thread about China. I agree 100% with you on that. Hopefully we’ll have someone that can actually express the seriousness of all actions going on over there, and how we will respond in a serious manner if we have to.

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md

what do YOU think would have happened if we the people had not stepped in?

really.

no tarp, no bailouts, no stimulus, 700000 new unemployed each and every month, no extension for unemployment benefits, 401ks completely gone,
more and more uninsured….

please share your vision with us

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Del-
Wow, Im a leftie now.
Entrepreneurship has been falling off for more than just two year but nice way to to try and blame it on a Democratic Administration. I agree that government can foster an environment for failure but this administration has not come anywhere close to that. It seems you righties like to blame democratic administrations for everything. Jay put up a great argument about this “uncertainty thing”. Technically, I am classified as a small business owner. I am not uncertain about anything. Like I said in my post, I have under 50 employees, the healthcare law does not reflect on my cost. I provide health insurance for all my employees regardless, because if I want the best I have to provide the best. As far as taxes, unless you lived in a bubble, you knew they expired at the end of this year. What uncetainty is that? Since you want to blame the presidinet, you know his stand on taxes, who he wants to raise them on, so again, what are you uncertain about?

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Del. ‘The good news is that most of your fellow Americans who voted a few weeks ago understand it.’

By your own definition now, since the elections…there is less uncertaintly, right?

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Well,whatever the cause, the Iddiot Messiah hasn’t done a thing to reduce unemployment.

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“I’m willing to bet that you would see an increase in start-up businesses if people were able to get the funds to start a business.”

Not too sure about that…..it still takes customers willing to spend, and the numbers don’t appear to indicate folks have enough in their wallets yet…………

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Anyone who didn’t look at md’s 2:01 link, should. The fix is in. Here it is again.

http://www.youtube.com/user/fiercefreeleancer

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Jay, I don’t get the point of this post since just the other day you were bragging on Obozo’s job creation record. Were you lying then, or now?

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I’m sorry, i thought government couldn’t create jobs, so how could he reduce unemployment?

http://www.youtube.com/watch?v=rX7wtNOkuHo

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Jay, the Fed report does not reflect Sole Proprietors, LLC, or S-Corps which make up a huge portion of the economy and employment. Those businesses fold the data into personal returns. The Fed report only shows the really big boys, and thus the postion that Obama is anti-business, i.e., not friendly to those whose profits are reported on the personal return, remains true.

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Del,

What is there to be uncertain about? I know how much my taxes would go up if the cuts are allowed to expire.(My business and personal taxes are linked at the hip). So again, what is there to be uncertain about?

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Well quite frankly, I’m not certain the uncertainty is certain, but rest assured, as long as the uncertain uncertainty is uncertain there certainly won’t be more or less certainty unless the uncertainty is found to be certain, which at this point is uncertain…I’m quite certain.

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“no tarp, no bailouts, no stimulus, 700000 new unemployed each and every month, no extension for unemployment benefits, 401ks completely gone,
more and more uninsured….”

Awful lot of assumptions in there too………….

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md

so you too are making pure assumptions

why would your assumptions be better, more accurate, that most any
economist on the planet?

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jewcowboy @ 2:40

I’m not certain I understood that.

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@ Soco – Regarding Dr. Harris, he was asking his new EMPLOYER why it was going to take so long to get covered under his EMPLOYERS healthcare. As a surgeon, he is very aware of being covered. And then he offered to PAY for his healthcare out of his own pocket if it could be started sooner so his family would be covered. I am sorry, but that is a little different from the scenario you painted. In this case, instead of a hospital where this conversation would go unnoticed, he now works for the people of his district as an employee of the United States….

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If it’s only 2-3% why bother with the increase?

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Supply side won’t fix it.

Exactly!!! This is a demand side problem. Tax cuts don’t affect demand.

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Lil Barry-
If it’s only 2-3% why bother with the increase?

Ask the congress who put a 10 year shelf life on it.

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You side choosers are really kidding yourselves………….the perception of either party implementing their mandate/agenda creates a huge amount of uncertainty by those that do not share the ideology. How can one say it doesn’t??

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Lbb, ‘If it’s only 2-3% why bother with the increase?’

Because deficits really do matter…

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We don’t hire if you are unemployed, we don’t hire if you don’t have the exact skill set we need, we don’t hire if you have no work related experience, we don’t hire if you are just out of school, we don’t hire if are too old, we don’t hire if you are a single mom, we don’t hire if you are overqualified, we don’t hire if you want too much money, we don’t hire if your resume doesn’t say the perfect words, we don’t hire if….

And who does that leave to be hired?

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Del – you’re right on, but most of these folks will never understand because they don’t have a payrole to make. When I know that I can afford to expand (if that ever happens) I will, but not until.

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some people are stupid, you said ‘if” the tax cuts are allowed to expire and that your business and personal taxes are linked at the hip. So I take it that you’re not certain what you tax liability will be next year.

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Or we can ask the Democrats who want to raise our taxes on Jan 1.

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“Uncertainty will always be part of the taking charge process.” ~ Harold S. Geneen, former CEO of ITT

It seems some CEO’s don’t mind uncertainty…besides I thought that was capitalism…the increase of profit is directly proportional to the increase in risk.

Unless you are talking about a stacked deck…naw…

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and jay, that article is from your very own business writer….and Amvet, you can no longer claim that you have not seen any documentation that this feeling is invasive in financial circles (and yes I know, I am paraphrasing)….or you guys can just ignore the article and move on…..

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But what are taxes increasing going to do? I don’t know but since we haven’t tried them in 10 years. Umh since we had a surplus, why don’t give it a try.

Ugh, terrible rationale. It’s the same rationale as voting GOP because the Democrats didn’t wave a magic wand these past two years. While I agree with letting the cuts expire (read – not the same as INCREASING TAXES OMG), I do not agree with using this kind of argument for it. The rich dont’ need those cuts, and there are many millionaires eager to do their part to help support defecit reduction. They know a healthy government is less likely to want to intrude on business, and a happy government is more likely to be a business’ friend.

Uncertainty is merely a catch-all excuse for blaming Obama offered by people who can’t think up actual things he might have done to cause all this damage.

Zing! It’s basically the message meant to counter “hope and change.” As if all that campaign was about was a catch phrase.

Pure assumption, as there is no way to ever know………

It’s still a much better policy than “LET THEM DIE!” spouted by those who didn’t want to see any sort of bailout at all.

I provide health insurance for all my employees regardless, because if I want the best I have to provide the best.

I applaud you. Keep fighting the good fight there! This is the way business SHOULD be.

Yes, a successful small business owner making a PROFIT (not revenue, pat) of over $250k could see a tax increase of 2-3 per cent. The horror…the horror…

Well said. Quoted for truth.

LBB: Spas, I don’t know but I’m sure Obozo will take the credit when jobs inevitably start to come back.

So will the GOP, only louder, for longer, and on as many GOP controlled networks as possible. Regardless of whether or not anything changed in congress to help or hurt.

joe: If a GOP wins in 2012, hiring will return to normal levels in first quarter 2013.

Hahaha right. So first it was if they win in 2010 things will get massively better, now it’s 2012? And if the GOP fails to take over EVERYTHING will it be 2014? 2016? What if they win and things still don’t change. You’re just spouting nonsense.

We don’t hire if you are unemployed, we don’t hire if you don’t have the exact skill set we need, we don’t hire if you have no work related experience, we don’t hire if you are just out of school, we don’t hire if are too old, we don’t hire if you are a single mom, we don’t hire if you are overqualified, we don’t hire if you want too much money, we don’t hire if your resume doesn’t say the perfect words, we don’t hire if….

And who does that leave to be hired?

Well said!

LBB:Or we can ask the Democrats who want to raise our taxes on Jan 1.

I didn’t realize you were so rich Barry!

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Del: Obama and 95% of his administration have had zero experience in private sector business

Oh, you Beck parrot. This is FALSE:

http://politifact.com/truth-o-meter/statements/2009/dec/02/glenn-beck/beck-says-less-10-percent-obama-cabinet-members-ha/

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md

deny all you wish…you too are making pure assumptions.

good for dining table conversation

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I think Randalph was right.

To fix this mess, what we need is another good old fashioned Christian Crusade!

This time against those godless commies in North Korea!

Hey brother! Can you spare a dime for Raytheon?

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Thanks for the link Adam.

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md-

I’m an idiot…

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“It’s still a much better policy than “LET THEM DIE!” spouted by those who didn’t want to see any sort of bailout at all.”

And once again, we will never know……..will we??

Companies die every day……….have been for years……..we gone yet??

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Some People are Stupid@2:43 – we own an S-Corp and there is no reporting. Perhaps S-Corps with higher cash flow may have to report, but we don’t. And, we are in the much hated group that should pay higher taxes. I stand my my post, the chart and the Feds miss a very big piece of the pie.

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You just don’t get it. Have you ever run a business? It’s based on the expected future. And it’s really, really hard to plan when the government changes things on you every five minutes. They don’t know what their taxes will be, they don’t know how much health care will cost (8 months later, and still no one is sure what’s in the health care bill and how it’s going to affect people, the only thing they do know is that it’s not working how they were told it was going to work… big surprise).

So whether they are making tons of money or no money, they aren’t going to hire until the government shows some stability and assurance that they won’t suddenly change up how people have to business again.

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“Pure assumption, as there is no way to ever know……………….”

Sorry Granny….unless one has a crystal ball, that statement is pure fact…………

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Some People are Stupid@3:05 – No, No, and I won’t. But, my guess is there are millions like us.

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md

of course it is

no need to be sorry, you are still making assumptions –
we all do

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Jimmy62: You just don’t get it. Have you ever run a business?

Have you? You keep referring to businesses as “they” so I have to figure you must not know from personal experience. I, however, do. And you’re wrong. Not everyon has irrational reaction to fear-mongering. It would be hard to run a small business if I was worried about every possible government thing that MIGHT be done to me LATER.

Del – I don’t watch Beck so you’re ASS suming. Secondly it’s a hard fact that the Obama administration has the fewest number of cabinet members with actual real world non-academic business experience.

The quote comes directly from Glenn Beck, so wherever you heard it, that’s its original source. And it is false regardless. Can you provide proof that your assertion is correct? because I just provided proof that you’re wrong, above.

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JohnnyReb-
No problem…
That’s probably gonna come back and bite ya if yuo get audited but besides that..did you turn a profit this year?

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Adam, no you didn’t. I’ll suggest that in order to prove your point do what I asked of Jew cowboy at 3:09.

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Del – READ it. READ. It’s NOT HARD!

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Granny…can I borrow your crystal ball for this weeks lottery??

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so stop blaming “the government!”

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Some People – sorry, I don’t see that…that article is referring to why companies are not hiring. In this one business example, they were doing stock repurchases, etc. instead. But the salient point was the reasoning they were NOT hiring. And where this conversation started, is with hiring.

“We’re not suffering from a shortage of cash, we’re suffering from a shortage of confidence.”

They aren’t investing in new projects because of the massive health care and financial regulation legislation enacted this year in Washington, as well as the uncertainty about what corporate tax rates will be next year, he and other analysts said.”

I dont know how the AJC’s own business writer could have reflected this feeling any clearer.

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Adam, I said real world, not embellishments from a left leaning news organization.

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Tax cuts will help the deficit IF those receiving the tax cuts invest in domestic job creating businesses. There is NO evidence that this has taken place since Reagan invented “trickle down” in 1981.

What has happened is that those receiving the tax breaks invested in overseas jobs by moving production overseas. That is why Net Job Creation in the US has fallen from an average of 30% in the 1940’s through the 1970’s, down to 20% in the 1980’s and 1990’s and down to 0% in the 2000’s. Zero percent job creation while the Bush tax cuts were in place.

All of you have heard Bill Clinton brag that he created over 20 million jobs in his administration. What he does not brag about is the 16 million jobs lost. He had a net job creation of 20%.

And now we are down to zero percent job creation and everyone is talking about doing what we have done for the last 30 years.

Someone remind me what Einstein said about “insanity”.

Economic policies that are based on predicting human behavior always fail. Psychologist cannot predict human behavior, which means economists do not have a remote chance of doing so.

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After reading Del’s last comment, you are correct jewcowboy. He just doesn’t want to admit he’s wrong.

Politifact is not a news organization. It’s a fact checker, and has checked facts to be false for many people on BOTH sides of the spectrum. It’s not their fault if most of what one particular conservative pundit says is FALSE. That’s on him.

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……… and they will continue to do the minimum necessary until Obama is gone.

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Adam,

To Del’s credit…he may not have received his talking points from Beck…it may have been Limbaugh:
http://mediamatters.org/research/200912030015

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Beck, Limbaugh, one in the same.

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jewcowboy, if you really can’t cogent an argument, I guess you feel the next best thing is to toss out a personal hit through the safety of cyberspace. Sorry but I don’t watch Glen Beck anymore than I would be inclined to accept left wing embellishments as accurate.

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Del – jewcowboy, if you really can’t cogent an argument, I guess you feel the next best thing is to toss out a personal hit through the safety of cyberspace.

I would say you missed the fact that he DID come up with a solid argument, but then I read the next part: Sorry but I don’t watch Glen Beck anymore than I would be inclined to accept left wing embellishments as accurate.

And that’s the problem. You see facts as “left wing embellishments.” There can be no rational argument with someone who doesn’t agree on what a fact really is, and think the “real world” is free of these “embellishments.” Is the sky blue in your world?

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Seriously, the above chart is not showing up very well on my computer. Is “capital” in the first line spelled wrong ?

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marky mark

I’ve been with the federal gov’t for almost 6 yrs, and the benefits do not automatically start from day 1. The fact that he asked to do something that would have been covered under the public option that he detested so much is funny to me. I haven’t had one job that said I was covered from day one as far as insurance coverage. I guess I’ve had the wrong jobs or something.

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Adam, I know the St. Petersburg Times is a right wing publication and that article wasn’t really intended to dis-credit Glen Beck only to prove him wrong by describing a background in banking, a laboratory manger and private sector lawyers as solid depth in private sector business acumen. Yeah really.

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Fox News is reporting the administration has issued a directive to Insurance Companies on how they are to spend their money. If true, it raises the stakes on the Constitutionality of Obamacare.

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Southern Comfort,

“I haven’t had one job that said I was covered from day one as far as insurance coverage.”

I have…but not my pre-existing conditions.

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Jay: “Uncertainty is merely a catch-all excuse for blaming Obama offered by people who can’t think up actual things he might have done to cause all this damage.”

But just playing devil’s advocate here for a moment, maybe the know-nothings have a point here.

If we accept for a moment – as I believe we must – that capitalism has entered one of its gravest crises, then it follows that a critical moment in this ‘flex point’ will hinge on what sort of reaction Western governments take towards this crisis. Which means: how will they respond to the crisis of
market fundamentalism (known as neoliberalism) that has largely driven government economic policy over the past three decades and results of which, it can no no longer be denied, have been utterly disastrous. This is why in response a policy of absolute obfuscation is the only possible one – right up to and including tarring and feathering the leader – Obama – who has perhaps done more to save capitalism from itself than any in history. This is, in a nutshell, the dynamic that we’re seeing, with guerrilla skirmishes breaking out in every quarter, from health insurance to immigration to Fed policy and beyond.

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I agree with Del….Busioness are cutting expenses and labor to get more “lean” and profitable…Sure wish Obama had had any type of business experience, so he would understand this and follow the business model and cut the Fed gov down to size

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Del:

Don’t you just love those North Korean officer covers (hats to you civilians) ?

They remind me of Lord Dark Helmet (Rick Moranis) in “Spaceballs”.

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http://www.reuters.com/article/idUSTRE6AL4DT20101122

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jewcowboy: I think about that any time Michael Moore is mentioned.

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Credit card balances are also for losers

Duhh! That’s what card issuers count on for their profits — losers, that is.

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Corporations will not hire until demand for their products
increases. No ceo says well look how much profit we’re
making, let’s go hire some new people to pay it to. The
public must spend on buying products to stimulate hiring.
The large loss of home equity and 401K depletion has
caused the average consumer to decide to sit back and
pay down debt. Banks are soliciting credit card spending,
Mortgage money is available if you have good credit but
the public waits. Obama is using the ‘bully pulpit’ to no
avail. It will get better but not for awhile and it has nothing
to do with politics or taxes. It is ‘once burned, twice shy’.

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Chris D.

November 23rd, 2010
3:43 pm

Yeah, like Mr. MBAUSA did! Come back when we’ve recovered from that disaster.

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SoCo, I agree…but he is a surgeon who (I understand) has been in his job for years. Just because he asked a question about his benefits (again, he asked representatives of his EMPLOYER, who happens to be government, the article/story is slanted like he was asking for something regarding public health care. It just aint so, and you guys know it. Talk about context….this has nothing to do with his(and most conservatives) opposition to Obamacare. And the reason he ran (as did 5 or 6 other doctors) is because he was so opposed to the long run quality of care and long run costs…(yes, I know, we are all gonna save a boatload of money….I am waiting)

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Jay Bookman, your argument has no logic. SMALL BUSINESSES make up for 65% of new job growth. The numbers in your lame “copy paste” reflect large business profits. This is why all of the tax cuts need to be extended.

You have No credibility, sorry lib.

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I see you guys and gals like math. What is the total number of wage earners that make over 5 million a year? Who paid those wages? Why can an employer decide to pay one employee like Katie Couric 30 plus million a year. She is not at the top of her game. Employers who pay unlimited salaries to an elite group is why you are unemployed. You have a minium salary requirement why dont you have a maximum. This is bone in your throat because you are greedy enough to want that salary too.

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Well, good night all…have a safe trip home.

JewCowby, I missed that one. Michael Moore and Rush Limbaugh…GAWD, talk about bi-polar!

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Yes, it will get pretty ugly in order to save our future. Whatever it takes to ensure he doesn’t get elected to a second term.

And so Scout huffs and he puffs and he BLOWS the White House down.

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The private sector will continue to get leaner as witnessed by the record productivity gains and $2 Trillion dollars sitting on the balance sheets of the corporations while they borrow all the money the can from the banks, effectively blocking capital formation by small business.

Big business and those who sit at the top of those companies will continue with their present business model because their greed knows no bounds.

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I also like how our Scout didn’t deny that the nation might need destroyin’.

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you can throw out links and you can split hairs on semantics but you can’t change the fact that this administration weighs in light for real world business experience.

In other words, don’t ever admit an error–instead, defend the lie.

oy.

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Scout, yeah those aren’t jars they’re basketball hoops.

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McCain/Palin in 2012 and this time make sure Palin does all the talking and you might have a chance, Republicans.

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I wonder how many of you brain dead right wing fanatics actually own one of these small-medium companies you keep using as examples.

Regale me with YOUR personal tragedies caused by President Obama, not fictitious lies made up by PAC paid talk show hosts.

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jewcowboy/Taxpayer:

You got it ! Thankgoodness the American electorate is waking up (you two sleep in). His current approval rating is 39% – the lowest ever and even Democrats in the Senate and House are running from him. We keep that going and he won’t get near the votes he needs to get elected …… end of that nightmare.

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Gone for the day ! Be nice to each other.

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Whew! Thanks for putting my mind at ease. I was really worried, kinda like windfall profit taxes, insurance company profit caps, etc.

Have a great holiday weekend All!

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321288
views Get Business Alerts

Email Comments 4,003 As Congress debates whether to extend Bush-era tax cuts for the wealthiest Americans at least one prominent U.S. economist has already cast his negative vote.

“Not all budgetary dollars are created equal,” said Alan Blinder, professor and co-director of Princeton University’s Center for Economic Policy Studies, in a conference Wednesday morning. “Some have a lot of bang for the buck, and some have very little. The GDP increase per dollar of budgetary cost is in the range of 1.6, 1.7 for things like food stamps and unemployment benefits, and in the range of .35 for extending the Bush tax cuts. We could get some substantial job creation by simply reprogramming the $75 billion that would be saved over the next two years by not extending the upper-bracket Bush tax cuts and spending it instead on unemployment benefits, food stamps, and the like.”

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Do any of you confirmed lefties on this blog ever read Bob Barr’s blog?

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“Companies don’t create jobs because they have extra money jingling in their pockets. They take on new workers when they want to expand, and right now the demand’s not there to warrant that growth. Corporations are in the business of maximizing profits for the benefit of their managers and shareholders. They’re not in the business of creating jobs, nor should we expect them to be.

And so how should we respond to Republican claims that restoring Clinton-era income tax rates for the wealthiest 2 percent would destroy jobs? We shouldn’t. They are irrelevant.

An employment policy based on further enriching the richest Americans — who may or may not spend their wealth on job-creating ventures — is like trying to feed chickens in the barnyard by dropping feed from an airplane. It’s far more logical to focus tax cuts on activities that are likely to expand American business.”

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His current approval rating is 39%

Scout, you do realize that Gallup had Saint Ronnie of the Drool Cup at 35% approval midway through his first term?

Should Reagan have realized that he and Poppy Bush needed to pack it in, back in early ‘83? Turned the keys to the country over to Speaker Tip O’Niell?

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oops, meant to include a link to the gallup historic polling pages…

http://www.gallup.com/poll/124922/Presidential-Approval-Center.aspx

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As democrats are about to impose the largest tax increase in the history of the world, businesses may have to use their available cash for bills other than payroll.

This is laughable. It’s first, not a tax increase. Even if it was, it certainly isn’t the largest in history.

As the EPA is about to impose its own draconian controls over harmless CO2, the costs of energy are likely to take a toll on potential corporate cash uses.

Harmless CO2? Again with the delusions.

As Obamacare rolls out, businesses may find they have to pay taxes or higher healthcare benefits for every mouth they are feeding through payroll, thus precluding hiring additional people.

So what you’re saying is, they won’t hire anyone now because they are afraid their expenses will be high just having a labor force. Again with making assumptions about a business owner’s intentions and thoughts. First of all, I can guarantee certain big corporations like McDonald’s are not sweating that at all, since they got themselves exempted. They aren’t hiring either, btw.

So tell my again why any rational businessman is hiring anyone?

Rational businesses hire when they have growth. Since a lot of businesses have growth, they should be hiring, but they aren’t Because they are NOT rational!

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Reagan’s “trickle down” economy has pissed all over me.

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Has anyone drug tested Pres Bobo ? I think he slips out back to smoke a blunt not a tobacco cigarette. Its probable the only place he has. They won’t let him toke on Air-force One. What ever it takes to keep him out of the White House. No one could be sober and be that stupid.
Les see we have now given up the 4th amendment, thanks to the fabulous TSA. as obama rolls another fatty.

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I invite the libs who believe economic conditions are unrelated to levels of taxation to explain their rationale.

If there is not relationship, why not raise taxes to 100%?

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md

November 23rd, 2010
1:31 pm
“Large corporations don’t provide the bulk of jobs……..small businesses do, and they aren’t sitting on tons of cash……..can’t even get a loan……….and still don’t have an abundance of customers.”

That is a fallacy.

Lets define small companies as those with less than 500 employees…those enterprises account for 16% of the total private enterprise workforce.

Companies with 500 to 2500 employ another 48% of the workforce with firms over 2500 accounting for the remaining 36%.

Bottom line 84% of the private enterprise workforce works in a non small business environment.

http://www.census.gov/epcd/www/smallbus.html

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There is a lot of uncertainty out there. Decision makers are quite sensibly taking a wait-and-see approach before entering into any long-term commitments. That’s good for minimizing risk but not so good for the unemployed.

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Marky Mark-

I think things get lost in translation via typing so I’ll try and lay everything out
1.I get what you are saying about the article
2.We were discussing how economic uncertainty has limited effects on business compared to demand.
3. Your article referred to healthcare legislation, financial regulation, and corporate tax rates. Which is all fine and dandy
4. If you own a business, and I offer you 6 million dollars in revenue, are you gonna turn it down because of economic uncertainty?
5. Point 4 was the point we were trying to stress. If it make you feel any better, I consult a lot of businesses, very few said anything about legislation(except the financial sector with the financial regs), most said its a demand problem.
6. My point was referring to the corporate tax rate, what is there to be uncertain about..there has been no mention of changing it…if anything, it would probably go down.

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Why should they hire? They wait a little more,and even MORE concessions are given them by our “patriotic” Republican congresspersons and our President Obama, who is anxious to “meet halfway.” (BTW, Halfway to where? Halfway to very far right is still far right.) Again I ask, “Why should they hire?” They continue to put the squeeze on, and get more special deals from those who argue that “business is suffering.”

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@JDW

I think you should find out how “small business” is classified in this country.
It has more to do with your filing status, not the number of employees nor the amount of dollars you make.

http://money.cnn.com/magazines/fsb/fsb100/2009/top_companies/revenue.html

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Scout – His current approval rating is 39% – the lowest ever and even Democrats in the Senate and House are running from him.

Actually, it’s 47%: http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

And also, it has never been as low as 39% on any poll

RGB – If there is not relationship, why not raise taxes to 100%?

First of all, taxes are related in a VERY small way to private sector economics, but they would be much larger if it was 100%. Plus, “economic conditions” are not the only reason to not do something as ridiculous as raising the taxes to 100%. Oh, I am sorry. I thought you were asking a serious question for a moment.

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RGB

November 23rd, 2010
4:09 pm
I invite the libs who believe economic conditions are unrelated to levels of taxation to explain their rationale.

If there is not relationship, why not raise taxes to 100%?
—————————————————————————-
For the same reason they are not reduced to 0%.

Ask a silly question, get a silly answer.

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Del

November 23rd, 2010
4:13 pm

Interesting how the lib’s like to praise Clinton’s tax increase probably forgetting his capital gains rate cut. The Republicans had to drag him kicking and screaming but it worked.
+++++++++++++++

Face it Del. President Clintons “job creations” and “balancing of the budget” were all smoke a mirrors. A house of cards based on the wild assed speculation that fueled the DotCom (I call it dot BOMB lol) bust. It was fueled by an attitude towards businesses like Enron that made the robber barons during the mid 1800’s look like petty thieves. When he went after Microsoft, the whole house fell and it hasn’t gotten up since. It fell almost as soon as Bush got into office. It wasn’t his fault, but he didn’t do much to rebuild. It got worse. Now it’s Obama’s mess to clean up.

But it can’t and WON’T be cleaned up because the idiots on both sides of the aisle are more concerned with their power base than our hardships.

i think that covers all the flyby’s……..

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Jackie

November 23rd, 2010
4:15 pm
@JDW
“I think you should find out how “small business” is classified in this country.
It has more to do with your filing status, not the number of employees nor the amount of dollars you make.
http://money.cnn.com/magazines/fsb/fsb100/2009/top_companies/revenue.html”

Not really sure what your point is…the standard definition for small companies is those with less than 50 employees.

The list you posted are small PUBLIC companies which would not meet any definition of small business.

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As I’ve said before, companies are working their employees into the ground knowing they don’t dare quit. More and more employees are working unpaid overtime just to keep up with their workload. Only when the bottom line begins to suffer will they do any more hiring. As someone who worked for a number of different companies for many years I know wherof I speak as this has happened to me more than once in the past.

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jms,

many on here disregard uncertainty as a factor instead pointing to demand. Until business invests and small business can gain access to capital sufficient demand won’t begin. As you correctly point out uncertainty creates restrained business investment. I’m among those that believe this administration is causing a lot of that uncertainty.

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Trickle Up Poverty.

Should be the title of an Obama book.
——————
There is a book out there already with that title- written by Michael Savage.

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Silly Americans.
Didn’t learn anything from FDR.

The economy only recovered AFTER the government went away.

There is only so many government parasites that a working man can support. You all have reached that limit.

The social organs are constituted so as
to enable them to develop harmoniously in the grand air
of liberty. Away, then, with parasitic trial and government lawyers and organizers! Away
with their rings, and their chains, and their hooks, and
their pincers! Away with their artificial methods! Away
with their social laboratories, their governmental whims,
their centralization, their tariffs, their universities, their
State religions, their inflationary or monopolizing banks,
their limitations, their restrictions, their moralizations,
and their equalization by taxation! And now, after having
vainly inflicted upon the social body so many systems, let
them end where they ought to have begun—reject all systems,
and try liberty—liberty, which is an act of faith.

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Get used to working for less.

And hurry up about it too. I can’t wait forever for a decent return on my investments.

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Fred@4:19, I think you’re pretty much on the numbers. The Republicans are going to be closely watched and being the politicians that they are too could be stepping in it like the Dem’s are now. I think the country is fed up with career politicians in both parties. We need more people in government from the real world of today not yesterday.

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And BTW, I am REALLY disappointed in you “free market does everything better than the government” types in not joining in my grass roots effort to get Argenbright Security back on the job.

I would have thought, given their sterling record, you would be all over this movement. Maybe I’ll contact the Tea Floggers, to see if they have any interest…

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Well, I see Bookman is back to “wealth envy” today. If your politics look like dirty laundry, then turn to “wealth”..

What we, the USA, need is a LEADER. I mean a real leader. Someone who thinks that America is a great country. That we have the best medicine and the best products today. That our military is protecting and freeing more people than anybody else in the world . A leader who will say I will work with congress and WE will move this great country forward. We are innovative, industrious and brave. Our future will be filled with the products that go with freedom, independence and concern for all.

When we have a leader who can get up and say that and mean it, we will move forward.

This country has produced great men and women. We can do it again.

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Jackie,

I agree with PAGO getting it followed is the problem.

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plu·toc·ra·cy –noun
1. the rule or power of wealth or of the wealthy.
2. a government or state in which the wealthy class rules.
3. a class or group ruling, or exercising power or influence, by virtue of its wealth.

Yep, you’re right WAW, we got us one right here in America.

Welcome to the United States of America! A Wholly Owned Subsidiary of the New York Stock Exchange.

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Dusty

November 23rd, 2010
4:39 pm

What we, the USA, need is a LEADER. I mean a real leader.
++++++++++++

you know what Dusty, Ms (lol I forget the acronym from last night was it MRWF ( militant right wing feminsit?)), I agree with 100% on that statement. I was thinking about it last night and didn’t post it.

I like President Obama. I think he has some good ideas. I believe he’s a very intelligent man who truly cares about this country, even those at the lowest levels. I believe he’s willing to listen to the other side and actually consider their ideas, implementing them if they are better than his.

But he’s not a leader. I got to thinking about it last night, he’s never had a job that was a leadership position. A Senator, especially not a Jr. Senator, is not a leader. He/she (A Senator) is one of many. Even that mindless bimbo Palin was Governor, “leader” of the State of Alaska. President Bush wasn’t a great leader. He was a great commander in chief, but he wasn’t a great leader.

I believe Presient Obama COULD be a great leader, but he’s not one right now. Someone needs to snatch-grab him by the scruff of the neck and tell him to quit namby pambying around and start LEADING. If that happens it needs to happen soon.

Colin Powell is a leader. We need him or someone like him. No one I have seen on the near horizon is a great leader, left or right. President Obama needs to become a leader and he needs to do it now or we are screwed. We are walking that slippery slope and we need someone to lead us home.

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Well, thank you, AmVet for your obituary of America. Aren’t you the cheery one though? Now the Stock Exchange is on your hate list. NO surprise there. That’s the only list you keep.. Sack clothe & ashes, my friend. Every day.

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Dusty, you’re welcome.

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Matti, I am merely following the advice of one of my heroes…

“Agitate, agitate, agitate!” With these words, Frederick Douglass exhorted a woman’s suffrage meeting on February 20, 1895.

Some here will never take off their rose colored glasses. I cannot be one of them…

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Fred,

I find you very sensible.

I’d love to change Obama into a leader but I don’t think he can make it. He has depended on others to decide things for him too long. He has always had someone pushing him as far as I can tell. They all see his possibilities but he cannot live up to their expectations. He is not strong enough.

He seems gentle and intelligent. Good traits but there must be the strength of a strong “spine” behind them. That he does not have. I wish he did.

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ml: just as I predicted with last republican victory gas prices have started to rise
————-

Moron, gas prices have been rising for a while. Must be because the Iddiot Messiah wants to enrich his oil buddies, eh?

Your statement makes about as much sense as saying it’s gotten cooler since Republicans won, so their approach to “global warming” must be working.

Idiot.

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budman

November 23rd, 2010
5:06 pm

Jbud? is that you lol?

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Fred, you have misattributed comments about leaders in your 5:09 to me.

budman, in my useless opinion, that congressman from South Carolina displayed himself as an ill-mannered boor.

To his great credit however, he did immediately apologize: “my comments were inappropriate and regrettable. I extend sincere apologies to the President for this lack of civility.”

A rare moment indeed in the modern day GOP.

Speaking of which, I see from that 5:07 that the time for yet more unprovoked personal insults is here…

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AmVet’s dismal view of our country always reminds me of Mark Twain’s famous line: “The report of my demise is greatly exaggerated.” So it goes with AmVet’s prognostications on America.

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josef nix: On another note, your post on the education blog was very well received by me and many others. I had hoped you would revisit that thread, perhaps scanning the other posts and offering some more insight………

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Not to worry, all you unemployed compassionate conservatives out there. John Boehner says that although he does not think that he’ll be able to help much with the unemployment, he’s sure that he can convince your fellow Republicans to keep fighting the good fight against taxes and against the taxpayer funding of NPR and planned parenthood and extended unemployment benefits and food stamps and Medicare and Medicaid and Social Security. So y’all just hang in there and rest assured that the important stuff will be handled for you. The good old days of limited government and lower taxes and fewer regulations are just around the corner.

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Josef,

I can always tell you from AmVet. You are blond and he is bald.

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Dusty

And he looks like Dustin Hoffman!

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md

Siemens needs a billion in cash reserves? Hmmm…too bad Sarkozy’s Romany are not very well heeled…

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The good old days of limited government, lower taxes and fewer regulations are right around the corner.” Outstanding!

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Fred, no worries. You are still the man.

josef, oh yes you do! My brotherly curmudgeon in arms…

Dusty, at least you are consistently delusional!

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DUSTY

It is. Unrepentent. Fleeced millions.

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Josef, still puzzled. What does Siemans have to do with Sarkozy’s Romany??

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AmVet,

I am NOT delusional. Just hungry.

Let’s see. What’s for dinner? Tilapia and macaroni? A little cole slaw? Angel food cake? Yeah, I might get by with that. What’s an exotic name for macaroni. I’ve got to make this sound good.
I love a great cuisine!!

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a small-time opinion columnist has an issue with what a private company does with their money.

Actually, it’s the Congressional Republicans who are making it an issue. They keep touting their philosophy that the private sector, not the government, must create the much-needed jobs in America. Yet, private companies — though they have the money to hire — refuse to do so. With unemployment at 10%, it’s kind of an issue, but it seems nobody wants to take repsonsibility for fixing it. (Yeah yeah, I know, people should just give their own bootstraps a tug and jobs will magically appear all over communities where there were none.) BTW, the Congressional Republicans conveniently leave defense contractors out of the discussion. You know, those big companies suckling our nation’s multi-billion dollar teat with the Republican Study Commission’s blessing and endorsement.

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Well, it looks like big biz has figure it out – get equal or more results by making the remaining folks on the payroll work. If the guy next to you gets fired, I’d imagine you’d work harder to prevent your joining him at the exit door.

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Let’s try to send this topic into a different direction.

You want to create jobs and expand the economy in a short timeframe? How about this idea:

For the next 4 years, except for OSHA, EPA and IRS reporting, suspend the enforcement of every Federal regulation on the books with a sunset clause that puts them back in place unless there is a vote from Congress. Let’s see what private business can do without the burden of Federal rules for a few years and see what happens.

If the economy rebounds fast, we make them permanent. If it doesn’t, we’re really not much worse off than we are right now, are we?

Comments, anyone?

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Josef,

Oh that!! hmmmm I think you need dinner also. Does wonders for the psyche! And have you had your eyes checked lately? Dustin Hoffman?? Surely you jest..

Off for some tender tidbits of perfect paste’.

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Dave R

You’re even more the anarchist than I!

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DUSTY

Not to worry…Unmentionable’s off to bring me some ice cream! And it was the Curmudgeon who said that and I’ve no cause to doubt it…at least way back when!

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See you folks later to discuss my latest purchase. A beautiful red poinsettia!! Yes! This is a great time of the year..

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Adam@4:07 pm

So tell my again why any rational businessman is hiring anyone?

Rational businesses hire when they have growth. Since a lot of businesses have growth, they should be hiring, but they aren’t Because they are NOT rational!
______________________________

A lot of the repub small businessmen on here do not feel a need to hire because business is off.

The reason it is off is the grass doesn’t grow in winter and the illegals were rounded up and sent home ;-D

—————————————

Seriously one of the reasons corporate business is off is that the CEO’s are now financial types. What made the great companies GE, IBM, etc. was that fact the the founders and afterwards until recently were engineer types who actually COULD do the job, not just count the beans.

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AmVet, why did you fire Velma?

And during the Christmas holidays. Have you no liberal empathy ???

Please turn in your looney-lib membership card to C. Tucker, AJC.

Thank you.

http://www.ajc.com/news/nation-world/woman-who-told-obama-751019.html

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Matti, do you work in the private sector?

I do, and I can tell you that the tax situation is very real to companies right now. Reality – you should try it sometime.

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“Dave R

You’re even more the anarchist than I!”

I always knew that, josef.

So, what do you think of my idea?

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Snip…

“Velma Hart, the chief financial officer for Am Vets, a veteran services organization based in Maryland, said Monday in an interview with CNBC that she was laid off as part of the nonprofit’s effort to cut expenses.”

Shame !!!

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Dave R.

November 23rd, 2010
6:00 pm

Sunset clause? Yeah, like the one on tax rate reductuions Congess doesn’t have the guts to let die.

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ADAM

Okay. DADT, real “fierce advocacy” there. DOMA? Not even on the agenda. Habeas corpus? Still MIA. Death warrents on American citizens. Afghanistan? Still rolling right along. Iraq? Just wait for the fall out from that one…I’m sorry, but I can’t follow this…

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Adam, no European socialist like Obama can ever effectively “lead” a great freedom-loving country like the good ol’ USA.

People may elect a hopey-changey dunce when in difficult times their choice is between a Messiah who promises everything to everyone versus an unprincipled “maverick” who hasn’t a clue.

But we Americans can figure things out after a while.

I see the great one achieved a 39% approval rating in the latest polls. Please explain that.

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Dave R.,

Not that it’s any of your beeswax, but yes, I work in the private sector. My company was once a bunch of smaller companies, who merged. We had more than 50% of the market, and it was great! But that wasn’t enough. Our owners sold us out to a ginormous American company, who then turned around and sold us to one of a foreign holding company’s many multi-national conglomerates. They own us, and we mean nothing to them. We have to deal with foreigners coming in who don’t understand what we do, blathering about concepts while we’re trying to work. Oh yeah, and they’re outsourcing stuff to the Chinese.

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Seriously one of the reasons corporate business is off is that the CEO’s are now financial types. What made the great companies GE, IBM, etc. was that fact the the founders and afterwards until recently were engineer types who actually COULD do the job, not just count the beans.

There’s a lot of truth in that.

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Leading the way?

http://news.yahoo.com/s/ap/20101123/ap_on_bi_ge/eu_britain_immigration_cuts

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..and it will be close to 60% in 2 years.

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Adam @ 6:16 p.m.

Thank you for stating your thoughts on leadership and President Obama’s leadership skills so
forthrightly. I agree.

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TaxPayer@5:26 pm

Not to worry, all you unemployed compassionate conservatives out there. John Boehner says that although he does not think that he’ll be able to help much with the unemployment, he’s sure that he can convince your fellow Republicans to keep fighting the good fight against taxes and against the taxpayer funding of NPR and planned parenthood and extended unemployment benefits and food stamps and Medicare and Medicaid and Social Security. So y’all just hang in there and rest assured that the important stuff will be handled for you. The good old days of limited government and lower taxes and fewer regulations are just around the corner.
—————————

WOW goody he’s bringing back bread lines

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josef: I wasn’t able to follow your post. I have no idea what you were trying to say. I would like to understand so could you please tell me what you were trying to say?

F. Sinkwich: I see the great one achieved a 39% approval rating in the latest polls. Please explain that.

As I explained above, that didn’t actually happen. It’s at 47% right now. Where is this number coming from? Also I don’t refer to him as Messiah, Great One, or anything like that. No title of nobility shall be granted by the United States.

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Obama is killing our economy, but the cruelest irony is that he thinks he’s actually helping it!

He has NO experience in the private sector. He refuses to appoint any advisers that do.

He’s a useless community organizer with no clue about the genius of capitalism. In fact, he hates it, and works to undermine it at every turn.

It’s going to be a tough two years until 2012.

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The genius of capitalism? It’s a little soon after the latest whiz kids’ diasaster for that kind of trash. Geed and fraud eventually end all good things.

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F. Sinkwich
Go back and read what I said. It’s not whistling past the graveyard but essentially arguing that Obama didn’t even go into office with a majority approval rating of the potential voters. Secondly, where do you get the idea he’s my Messiah? I didn’t support him in the candidacy selection, I didn’t vote for him and I hold him in generally low regard in many areas…I don’t hate him, I don’t think he’s the anti Christ, but I don’t think he’s a particularly effective president either…but then I didn’t expect much and I’ve not been disillusioned…

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Tn:

“The genius of capitalism?”

Then please explain the genius of European socialism, Obama’s secular religion?

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It’s all good for now, josef. Big T’day plans??

For Mary Elizabeth:

http://www.youtube.com/watch?v=HYFnCeB0wYE

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You been looking out for my girl, josef???

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The misunderstanding is that it’s not about “following” a president or any president. The president is elected by the people to serve the people and is not a point of worship in our Republic. When he or she is competently fulfilling the role as the peoples servant, due respect is extended and is typically rewarded by re-election. Evidently at least by the polls and results from this past mid-term election, the majority repudiated this presidents policies. He has two more years to regain the voters confidence. It’s not the peoples responsibility to “follow” him.

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BRUNO

T’giving with the Pesky Savages…and I’ve been trying to be a gentleman! Good to see you back among the malcontents…

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Bruno @ 7:17

Come back and visit often, Bruno. Take care.

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One more for Brother Am:

http://www.youtube.com/watch?v=mgo7jZzW7Jw

I heard a live version of this on “Deep Tracks” on XM radio and it brought a tear to my eye.

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Josef-

ou may have missed my Saturday evening note to you on two movies involving food, but I
want to suggest to you to pick up “Big Night” (1996) with Stanley Tucci and Isabella Rossellini, if you have not seen it. I think you and Unmentionable will really enjoy it. Funny and warm and a little off-beat in humor.

Your international fest at your school with music and food sounded delightful.

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F. Sinkwich

November 23rd, 2010
7:04 pm

Good grief! He’s trying to save capitalism as we’ve known it, and the government has played a very large role since the Great Depression.

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“and the government has played a very large role since the Great Depression”

It certainly has and like the Great Depression we won’t be turning the economy around until government plays a much smaller role.

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Thanks for the JCY. Way too under appreciated.

For all of us who have heard her singing…

http://www.youtube.com/watch?v=-VD6BS5ehu0

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why is the trickle down yellow?

November 23rd, 2010
6:14 pm

Seriously one of the reasons corporate business is off is that the CEO’s are now financial types. What made the great companies GE, IBM, etc. was that fact the the founders and afterwards until recently were engineer types who actually COULD do the job, not just count the beans.
++++++++++++++

That is a very poignant point.

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Del

November 23rd, 2010
7:34 pm

Yeah? Maybe N. Korea can get a world war started for us. But the stimulus has helped, and there’s more in the pipeline the GOP is going to try to stop. It doesn’t want a recovery before 2013.

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Fred @ 7:38 p.m.

Daddy King: “No man has so much power over me that he can cause me to hate him.”

Hate destroys the hater more than the one he hates. A spiritual truth of the universe.

Find a way to release hate (the best way is to turn it to love) or your very life could be shortened from within. Best to you.

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TnGelding,

The reason I don’t agree that the GOP doesn’t want a recovery until 2013 is that they’re now on the hot seat right along side the Democrats. If they aren’t perceived by the voters as having clear solutions they’ll be toast as well. I think we may be seeing a new era where voter apathy doesn’t always follow an election. I think we have a better informed and more involved electorate.

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Zeke — If a business holds cash — it gets taxed — If I hire or expand my capital expenditures — those are not taxed…

The argument makes no sense

And I have started 3 companies and managed 3 business units for a company traded on NASDAQ

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“I think we have a better informed and more involved electorate.”

I’ll agree with the later……………..but not the former.

Too many know how to get on their computers but have no idea how to use google other than looking at maps.

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MD: I’m too lazy to google right now. Explain to me the ins and out of latter (you typed later but I think that was an inadvertant typo) vs former. For instance: In your statement you think we have a more involved electorate but not a better informed one? If that is a correct assessment then I have it right lol.

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jonix: Thanks. I think I had one beer too many and shared TMI. But it’s a stressful and painful time. I envy you your relationship. My inlaws have been total shts for 20 years. I don’t mind how they treat me, but I hate them for the way they treat their daughter (my wife) and their grand daughter. I have not the “moral fiber” if you want to call it that to forgive them for that. I hope I never grow it. Like I said, hate is earned.

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“Outlaws are wanted” LOL, well have to go make the final preparation for my soon to be famous (just kidding) pasta sauce.

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Well Fred, you are not alone, although I only despise half of the in-law couple. “Mom” is the sweetest thing on earth, while”buttthead” needed to take a dirt nap years ago…………….

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md

“a dirt nap” I like that one…!

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Well while I’m slightly (enormously, the girls are out lol) inebriated jonix, I thought I’d share a song that I think you would like. Someone turned me on to it, and her, the artist, Amanda Marshall, a few months ago. (She isn’t new but I hadn’t heard her.) If you haven’t heard it before perhaps you can surprise Unmentionable with it…..

I dunno, it just seems appropriate to me right now………..

Later.

http://www.youtube.com/watch?v=uIXBJM6lDQ0

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Fred@8:27 pm

Well while I’m slightly (enormously, the girls are out lol) inebriated jonix
————————————————————

Step away from the keyboard. Keep your hands in sight. Spell inebriated. Damn he got it right, he’s not sloshed enough to take in. LOL. Night all

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If you like it tell me on another one of Jay’s blogs Jonix. I won’t be back on this one.

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AmVet

November 23rd, 2010
8:27 pm
+++++++++++

I was actually AT the concert at Cobo when Live Bullet was cut Amvet. That is one of my favorite song(s). I’ve probably played that in 30 bands………..

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“UK imposes new permanent immigration quota”

And the grand experiment is collapsing………….

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I’m glad we got to share it, Fred. And ditto on what jonix said about that Amanda Marshall.

As you may know, we just have one heckuva time here on Friday nights and the heretofore sweet stuff shared by Brother Bruno is sorely missed. But we bravely soldier on without him.

And think good thoughts about each other.

Put the hammer down…

http://www.youtube.com/watch?v=lBdCpzPgnQA

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If only Bookman knew business….

Just as GM announced they would be paying no taxes for a future period of time, so too are many corporations doing the same thing. Last year’s losses carry forward, making it look like “record” profits.

And if Bookman had any business experience, he would know that businesses operate on an annual calendar, so one quarter does not alter the annual business strategy.

The facts are that most businesses have already determined what their budgets are for the 2011 time frame. You need to see improved earnings year over year to get companies to move back towards a growth strategy.

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dcb

There’s a lot to what you say there…

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Hillbilly

Just remember, there’s a first time for everything!

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Fred @ 7:56
“Hate is earned, not given.”

That is where forgiveness purifies the hate and allows the heart to open to love, once more. Forgiveness is probably the hardest spiritual truth to accomplish because we must lay down our pride and know that we all are human, and we all have sinned (i.e. damaged oursellves or others), in differing ways and to differing degrees. The larger the heart can open to forgive, the more one heals from the destructive force of hate.

Forgiveness is essential.

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@@

“Ding dong the left is dead”

Careful there! That’s what the left was saying about the GOP just a few short weeks ago…just like that ‘dead horse,’ this one’s still got some kick in it! ISH

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JAY

Since you’re here…thanks for the thread this a.m.

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Mary Elizabeth
I understand what you are saying about forgiveness, but I can’t buy that in its entirety…there are some things that simply cannot be forgiven in my book in earthly terms…I try to leave that in the hands of G-d, but I’m not always that charitable…

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Josef -
I didn’t see “Babette’s Feast.” I can almost guarantee you that you will love “Big Night.”
I am not so sure if you will like “I am Love” with Tilda Swinton. It is an exquisitel, Italian movie but it plays out almost like an opera. May be a little dark, though piercingly romantic, for your tastes.
Check it out on “google’ or Netflix before you get that one.

I’m going to watch “Dancing with the Stars” to see who wins. Jennifer Grey, of the “Dirty Dancing” movie with Patrick Swazey, is an outstanding dancer. Perfect scores in last four dances. Her father, Joel Grey, played the master of ceremonies in “Cabaret” with Liza Minnelli, and the same role on Broadway, I think. His daughter is amazing.

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I would like to wish Jay and his family, and all the bloggers a very happy Thanksgiving Day before I retire this evening. I hope it is one of your best!

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Thanks, Del.

You ain’t bad either!

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JAY
Almost. There’s a mess left to clean up and goodwill is in short supply. I wish I could be optimistic about what is coming in, but in this arena, optimism is also in short supply. Meanwhile, though, the kids are wonderful and that’s what those of us still in the classroom are there for anyway. Thanks for the compliment…

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Mary Elizabeth, Happy Thanks Giving to you as well.

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Oh I love this country, and the people that compose it. This is what I fought for in Vietnam. The government and the people. Freedom of speech will probable be the last right that will be placed in jeopardy, I really hope not. The most interesting thing about the American people is their ability to rally for a cause. The people who support the TSA blatant disregard for the 4th amendment is composed of people who never fly. Comments made by bloggers on ones regard, or lack there of, of support of the current administration are usually made by people who never vote and do not have any experience in supporting this country. I have medals from combat, pay my taxes and show up for jury duty. I support your opinion, but if I disagree or make light of the current administration that does not make me BAD. besides it really lite up the responses, isn’t that what we want.

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josef:

I wasn’t talking about the Democratic party…..I was talking about the left-wing loons who think they OWN the party. The MoveOns will be moving on.

There’s been speculation that Dennis Kucinich may offer an alternative to an Obama presidency in 2012. He’d never win, but there IS talk.

Dennis is the left’s Ron Paul.

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Fred

Good! You’re still here. You had asked earlier this p.m. for further thoughts on the a.m. thread…there’s the one above. As you can imagine, it was the topic of conversation all around today. The parents were in in droves, it being the day before break and all the little ones putting on their Thanksgiving performances. We staff members got an earful from them and did a lot of venting in the lounge. The general consensus was “don’t let the door hit you where the G-od L-rd split you.” It was not so much anger as it was resignation.

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Budman? I’m missing your fornicating point. The republicans were the ones who “who support the TSA blatant disregard for the 4th amendment.” THEY are the ones who started the TSA. THEY are the ones who pushed for the so called “Patriot Act.”

What the hell are you trying to say?

Oh and suck on a fat babies pacifier with that tired old Viet Nam crap. That crap worked when we hadn’t had an official war for years, but that ship sailed long ago. I probably have more time in combat than you have in a military latrine and I was just too young for Viet Nam. Cry me a river of tears over that one will you……….

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Time for Taps, if I miss y’all tomorrow have a very safe and happy Thanks Giving holiday.

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LOL Del, Taps is actually Dan Butterfields regimental tune from the civil war.

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Time to call it a night…

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F Sinkwich: Then how about Marxist, European socialist, unionist, and collectivist? Obama is all of those.

All work for me.

None of those are titles of nobility, and not all of them are correct. He’s not Marxist since a key form of Marxism is government control of ALL private property for the benefit of the people. He’s not a European Socialist, since you have to be elected to that position and be a European citizen (see Party of European Socialists). He might be a unionist, but I say so what? Unions are off topic and I won’t discuss them here, except to say that until at-will is abolished, I support unions existing. Finally, he is not a collectivist because he DOES support individual rights.

So maybe you should just stick with unionist. If you think it fits, by all means make every attempt to use that and make it a term of slander. But none of the others apply.

Fred

November 23rd, 2010
7:48 pm

Complete and utter brainwashed moron? I think those that have been watching Fox, listening to Beck/Rush, or otherwise have been subjected the propaganda put forth by them originally are the ones truly brainwashed. I put out a good, long, thoughtful piece on how I consider Obama to actually fit the role of a leader, and refute the idea that he HASN’T said all of the things described as a leader would say, and I’m brainwashed?

It’s almost verbatim what he said when he was elected. Most striking is this: A leader who will say I will work with congress and WE will move this great country forward. As though Obama didn’t say that. He did! As though he didn’t say any of those things. He did! You must not have been paying attention, or you buy into the idea that when he says that stuff he must be lying.

Of course, by saying “follow him,” perhaps I should clarify. I am not saying he’s the Messiah or anything, but I am saying he is a leader and he is LEADING. The phrase I used, “follow him,” was not meant as an instruction but as a phrase to indicate people who agree with what he is doing at least some of the time. I’m not saying I agree with everything he does, but when it comes to most policies he has put forth, I agree with them. Yes, still. I actually pay attention to what he does and what he says, like most of the other politicians I pay attention to.

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Fred it may come as a surprise to ya but Vietnam is taught as a history class in many colleges, I should know I have taught it for the last 6 years. The Y generation wants to know. My point is; people who scream the loudest are usually the most guilty. You know kinda the Bishop Eddie Long syndrome. I make light of many situations and people take stuff SO serious when it’s not really applicable. Kinda the rich are getting off by not paying taxes ergo we are paying for them. The present day administration, is a by product of the apathetic American voter, republican,democrat what ever. they have more in-common with each other than any American voter, but people are convinced one or the other will pull us through. No!! they caused the situation, it is up to the voter. While on the subject only 6% of the American people have ever served in the military. Of that 6% only a fraction ever saw combat, but Fred I am sure you and John Wayne are a gift to the American fighting man and women. What was the term? oh yea! a PX hero,sure what ever. .

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Adam

November 23rd, 2010
10:14 pm
+++++++++++

my friend. I didn’t mean to get your boxers in a bunch. I probably should have phrased that better but………

You obviously missed the whole point and you are STILL missing the point. I like my current President. I voted for him. I sent money (only 100 bucks lol but it’s the first time in my life I sent money to a campaign). But so far he has not yet LED.

You identify with him so you can’t see what I’m saying. He needs to take the reins (even the reigns as it were) yet he hasn’t. He bowed to an inferior to another LEADER of a foreign Country instead of standing up like the leader of the most powerful Country this world has ever known.

If he wants America and the rest of the world to buy into his dream, he needs to be a LEADER not a namby pamby. I can’t explain it to you bro, but everyone but you and him gets it. What else can I say? I support my President, but he needs to man up and become the LEADER I know he can become. If he doesn’t, we are in a world of hurt. The pubs will take over and then we are screwed.

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BTW Fred I voted for President Obama also. couldn’t vote for Gramps and the prom queen.

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Oh, and while we are on the subject Buttman, the Vietnam era soldiers are some of the worse examples of American soldiers in the history of our Country. You rat bastiches committed more atrocities than at any time other than in the old west where the Army raped the Indians and the stripes of the enlisted men were turned upside down (the way they are to this day) in shame.

Don’t talk to ME about how cool you are, I know better. That draft dodger Sylvester Stalone may have made it seem like things were cool but I know better. You were a rag tag unprofessional rabble who smoked dope and killed each other as often as you killed the enemy. I for one am tired of your whining.

Had you DONE your duty in an honorable fashion, you wouldn’t be whining to me right now. Suck it up and drive on airborne. Oh wait, you WEREN’T Airborne. You were a dirty nasty leg REMF.

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As I’ve noted we all, to some degree or another, like to b*tch about things. Its the American way. And likely why most of us are here.

But I remained convinced that the things that unite us still far outweigh the things that divide us.

As I start this holiday weekend I am reminded of the countless things that we can all be thankful for.

Hang tough, Bookmaniacs. And keep up the good fight.

Til we meet again…

http://www.youtube.com/watch?v=jyV41-tFPcQ

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AmVet

November 23rd, 2010
10:58 pm
++++++

I stand chastised………

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hey fred,
Cramit!! from a Vietnam vet. I had much rather been shooting in Haight Ashby than in Siagon. I was drafted and sent there, only to be rediculed when we came back. I got over it by hating every liberal I meet. (BTW I still have a box of rifle targets with Jane Fonda’s picture on them….Makes target shooting all the more fun).
BTW2 Have almost finished converting my investments to gold….then to Canada to drop it off with relatives where Uncle can’t touch it…unlike the TSA who can apparently touch anything they want.

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off topic…..If you want to fly safe this holiday, carry a bomb with you.The chances that 2 bombs will be on the same plane are astronomical.

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Mr. Bookman, you don’t understand that more profit doesn’t automatically result in more hiring. We are in uncertain times for businesses, and uncertainty is risk. Let’s assume that I now employ 100 people and make a profit of $100,000/year. Now, suppose that I invest my money in hiring an additional 50 people; am I going to be able to increase my profit to $150,000/year? Am I going to be able to make a profit on my additional investment? In today’s uncertain climate, the odds against me are long so my answer is no; I am going to keep my 100 employees and be happy to make $100,000/year. If times were good and the economy were on the upswing, my answer would be yes.

In a perfect business, the number of employees is 1 – me. Each additional employee beyond the ones I absolutely need increases my risk.

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Why hire more employees when they haven’t gotten every ounce of blood and every drop of sweat from the current workforce? Not to mention a tear or two.

It seems no matter how much we make we manage to spend more.

Obama has had more meetings with our top business executives than any president in history. Basically, they’ve rolled him under cover from the petty carping of the GOP. But he should have put pressure on the spineless Congress to resolve the tax issue a year ago.

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Blame it on Bush, you blamed all the other wrongs in the world on him, why not lay this on him as well?

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mornin’.

Some People are Stupid@3:05 – No, No, and I won’t. But, my guess is there are millions like us.

So our JohnnyReb is one of that 47% we’re always hearing about who “pay no taxes.” explains a bit.

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“If only we could free up business and make it possible to earn a profit again.”

We did. Everybody remember free trade, high tech jobs, it takes a village, etc. Thanks to our political leadership, business is now free to make a profit without us.
Just waiting on all them high tech jobs.

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I think it’s hilarious. Your Iddiot Messiah incentivized corporations to find ways to make more money with fewer employees, and now his acolytes are mad at…the corporations?

Unemployment was never as high under our President Bush as it has been during all of the Iddiot Messiah regime.

More regulation, higher taxes on the horizon, fewer jobs. It ain’t rocket science.

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Good Turkey Eve Day, y’all…
——–

USinUK,
A funny for you…

http://news.icanhascheezburger.com/2010/11/23/political-pictures-sunset-badass/

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Joel Edge

November 24th, 2010
5:59 am

They’re out there; just being filled by legal immigrants on work visas:

http://www.myvisajobs.com/Top_Visa_Sponsors.aspx

Wee Johnny Dixiecrat:

I don’t think you’re an idiot or I wouldn’t spend time trying to enlighten you, but please, get a clue before I change my mind.

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