Obama kicks the legs out from under any job creation

Posted by: Sequel

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Who the hell is going to hire under this regime?

Notice the steep recoveries of jobs in previous downturns. The only company hiring now is McDonalds.

 

 

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Woody
Correction
written by Woody , June 06, 2011

We're hiring now and I don't work at McDonalds. I work at a small to mid-size private business that has seen a pretty god uptick in the amount of new contracts coming in. It's not as bleak out there as you would hope for Bart.


Sequel
...
written by Sequel , June 07, 2011

Of the 54,000 jobs "created" in the US last month; HALF were hired my McDonalds.

http://www.nydailynews.com/news/national/2011/06/04/2011-06- 04_mcdonalds_april_hiring_spree_could_have_accounted_fo
r_half_of_mays_job_growth_re.html


I work at a small business too and we are doing fine, no layoffs.
The owner has no intention of hiring these days. He sent an open letter around to the employees explaining that governmental interference and uncertainty as the primary reason we will stand pat for a while.



Barthélemy Barbancourt
I hope for a competent government
written by Barthélemy Barbancourt , June 07, 2011

But reality tells me that is a pipe dream. Obama and his cronies in the government like the EPA have thoroughly fucked up our economy and it won't get better until they are gone.

9.1% unemployment 2 years after the recession was supposed to have ended? That is crap. The Pelosi/Reid/Obama troika did so much damage in that it will takes years to fix our country.

The first step will be repealing Obamacare and cutting back heavily on the EPA and other out of control regulatory agencies.

Woody, you may still love Barry O but most people now realize that he has failed as a President.



Ed Salden
...
written by Ed Salden , June 07, 2011

There you go again. This is all Obama's mess? Bullshit, and you know it. Obama Derangement Syndrome in full flower.

I remember the dark days of 2008, as I slugged back as much Jim Beam as necessary, I listened to the dispirited broadcasters from MSNBC predict long and miserable climb coming back from this.

Blaming this all on the current resident is political hackery.

Reagan fostered prosperity by cutting taxes and ballooning the deficit. Obama saved the banking system by injecting money into the economy and ballooning the deficit.

Bush, Clinton and Bush all played their part, as well.

My buddy Rodney and I agree that we all just oughta get along, and the only way to do that is to combine tax hikes and spending cuts until we get this thing on an even keel.




Barthélemy Barbancourt
What about de-regulation?
written by Barthélemy Barbancourt , June 07, 2011

Reagan also deregulated. This is what Obama can't understand. I'm not saying that I expect Obama to get us back to 6% unemployment in 2 years, but I'd like to see this administration do some things that would actually help.

Obamacare has made things worse, along with the Frank-Dodd financial reform bill. The EPA is completely out of control and Elizabeth Warrens new gig is complete bullshit.

Reagan did increase deficits, but he also turned the economy around. Obama has exploded deficits and hasn't been able to do shit. Not all government spending is equal, deficits causes by tax cuts are better than deficits caused by government expansion.

Finally, if Obama would work with Republicans, he might have some success. He could remove the drilling ban, open ANWR, cut the corporate and capital gains tax rates and create a better business climate. His hatred of anything to the right of Bill Ayers is a big part of his problem.



Ed Salden
...
written by Ed Salden , June 07, 2011

Reagan's deregulation of the banking industry was a big part of what happened in '08.

Obamacare has not yet happened, but I'm glad it's there. Medical Insurance companies have had it all their own way too long. Too greedy, the government had to step in. These guys were not going to regulate themselves.

Drill, baby, drill is fine as far as it goes, but it is inadequate as America's sole energy policy, and tax reduction is great, but spending cuts have to come along at the same time.

You see Obama as uncooperative with the opposition. I bet you're not surprised that I see it more the other way around.



Sequel
...
written by Sequel , June 07, 2011

"Reagan's deregulation of the banking industry was a big part of what happened in '08"
I disagree Ed.
The big issue of the collapse of '08 was government requiring banks to sell homes to people who had no business buying one and no means to pay the mortgage.
packaging and selling these "sub-prime" mortgages all over da damn place was the final straw to the Frank-Dodd bubble. People saw this coming and tried to address it, but Frank and Dodd demagogued and blocked it.
Really Ed, going back 30 years to blame Reagan for liberal policies gone awry in '08 is a bit of a stretch.



Elmer
right
written by Elmer , June 07, 2011

Sequel's right. You must be getting desperate, Ed. Not even the most rabid progs are blaming Reagan. Maybe Hoover caused all this. Still sending union dues to the Teamsters along with your party dues to the DFL?


Woody
...
written by Woody , June 07, 2011

Ed's right the skyrocketing defecit did begin with Reagan and continues to this day. The only solution is to control spending and increase taxes. It's painful but the only way to get control of the situation iiin a timely manner. I don't want to leave this mess for my kids to deal with.


Nobody
Woody
written by Nobody , June 07, 2011

I'm taxed at 60% already. You want more? Balence through cuts only. We have way more govmint than we need.


Woody
...
written by Woody , June 07, 2011

I don't want more from you Nobody. The country needs increased revenue but not just from increasing the tax rates of the upper and middle class but from closing corporate tax loopholes. Itr's ridiculous tho think you can bal(a)nce the budget thru cuts in gov(ernme)nt spending only Nobody. It won't work


Nobody
...
written by Nobody , June 07, 2011

Sure it will. Our tax rates at all levels are clearly out of control. We have the highest corp rate in the world.


Woody
...
written by Woody , June 07, 2011

I believe Japan has the highest corporate tax rate in the world and we are nowhere near the top in personal tax rates. I'm not calling for a permanent increase in tax rates either; lets gain some significant ground on the deficit and maybe ease up a bit as demed necessary by deficit status and economic performance.


Nobody
Nah,
written by Nobody , June 07, 2011

Woddy you ,like all other progressives want it all. To control your subjects lives, you need all the money and wealth, not unlike Cuba and the Soviet Union.

This "sovergien debt crisis" was not unseen. I believe Art Lauffler spoke of it 3 years ago. A candidate in Sweden said it in thier last election cycle. They elected a center right PM that was so draconian that he proposed that , in order to recieve the geneous social saftey-net you had to work one year out of four. Sound like what we are headed for ? Da govmint will take care of you, forever. To quote Maggie Thacher, "what happens when you run out of other peoples money?". Greece thats what.



Nobody
Oh BTW
written by Nobody , June 07, 2011

In history, eventuly the King takes the serf's seed corn and everyone starves.


Woody
Absurdity....
written by Woody , June 07, 2011

"control your subjects lives"
"need ALL the money and wealth"
" Da (the) gov(ernme)nt will take care of you forever"
"the King takes the serfs seed corn and ereryone starves"

All absurd points nobody. Seriously, I don't see any truth to this at all.



Nobody
...
written by Nobody , June 08, 2011

If they are indeed absurd, rebut them one by one. The entire left/collectivist/progressive mindset is that of control. If we would only behave in the proscribed manor, we would all live in a happy place, free from want and need. Now that's absurd.


Woody
...
written by Woody , June 08, 2011

It's obvious nobody and I don't have time to spoon feed you right now so why don't you do some research and prove them one by one. You're the one that put this crap out there.


Barthélemy Barbancourt
Let's see
written by Barthélemy Barbancourt , June 08, 2011

Smoking Bans
A national drinking age
A national DWI limit.
Threatening to stop flights to Texas if they ban TSA gropings.
Calling government programs "investments"
Lying about the solvency of SS and Medicare
Cutting off the water to the Central Valley in CA

and finally
Obamacare.

Show me one area where Obama has increased freedom in the USA.




jk noreen
Woody's response?
written by jokin , June 08, 2011

"Let's see
written by Barthélemy Barbancourt , June 08, 2011

Smoking Bans
A national drinking age
A national DWI limit.
Threatening to stop flights to Texas if they ban TSA gropings.
Calling government programs "investments"
Lying about the solvency of SS and Medicare
Cutting off the water to the Central Valley in CA

and finally
Obamacare.

Show me one area where Obama has increased freedom in the USA"

Publicly-stated advocacy of higher gas prices as his own prized public policy.

Defiance of court orders regarding lifting the drilling moratorium.

Suing a sovereign state (Arizona) for the "crime" of self-defense in attempting to enforce laws already on the books regarding border security.

Appointment of "Czars" unaccountable to Congress or the citizens, who unilaterally pass order, rule and decree as if the rest of us are serfs.

I could go on. And on. And on. But what's the point?

Meanwhile, Woody's response:

"CHIRP, CHIRP...(crickets)..."



 tim-The Dyslexic Blogger
...
written by tim-The Dyslexic Blogger , June 09, 2011

Don't forget he also said that we all had to pay more for our energy because he was going to shut down the Coal burning power plants and also totally destroy the lively hood of 100's of thousands coal miners jobs.

boy aint we got just a wonderful guy in the white house he has no idea at all what it means to work for a living nor does he have the slightest idea of how a job is created.




Jim ross
...
written by Jim ross , June 09, 2011

"The big issue of the collapse of '08 was government requiring banks to sell homes to people who had no business buying one and no means to pay the mortgage.
packaging and selling these "sub-prime" mortgages all over da damn place was the final straw to the Frank-Dodd bubble. People saw this coming and tried to address it, but Frank and Dodd demagogued and blocked it."

If Frank-Dodd stepped in and tried to do anything, conservative kooks like you would've screamed about government interference and overregulation. The banking collapse was much more about fraud and incompetence on Wall Street than it was about liberal or conservative politicians. As America gets dumber, everyone tries to relate every issue/problem to liberal/conservative. Contrary to what politicians tell us, the world doesn't work like that. When politicians get involved, the issue is usually already beyond repair. That's how America works.

"He sent an open letter around to the employees explaining that governmental interference and uncertainty as the primary reason we will stand pat for a while."

What a joke. Blaming Obama for not hiring?! Seriously! And the staff actually bought this shit? I wish I had a job where I could just blame the POTUS if things weren't going my way. If your boss ever gives you a glass of Kool-Aid, don't drink it.

"Obama and his cronies in the government like the EPA have thoroughly fucked up our economy and it won't get better until they are gone."

Now the EPA and over-regulation arguements definitely make sense. It's ridiculous and liberal nut-job tree huggers are to blame. Part of the problem is consolidation in the overall business and corporate world. You just don't see many startups these days because the big boys have a strangle hold on everything. The government comes up with stupid regulations to try and control these behemouths, which in the end just end up stifling small and medium companies.

"cut the corporate and capital gains tax rates and create a better business climate."

Businesses need to create a better business climate! It's way too easy to just blame politicians. You're not seeing a better business climate because everything is consolidated now. And there's very little innovation because of it. I used to be a big proponent of cutting corporate tax rates, but now I'm not so sure. We live in different times. Recent tax cuts have done nothing to grow our economy. I fear cutting corporate taxes would result in more money for a select few CEO's and higher-ups, and not add jobs. Big business would say thank you very much and move on to their next cash-grab venture.

"Really Ed, going back 30 years to blame Reagan for liberal policies gone awry in '08 is a bit of a stretch."

This might be the silliest statement I've read on the Internet in the last four years. Policies enacted several years ago don't resonate still today? Have you heard of medicare and social security? It's fun for partisans to try and cherry pick which policies from the past matter and don't matter in order to fit their warped view of a world driven by conservative/liberal. Truth is, most of them matter, whether passed by a democrat or republican. And many of them don't start REALLY mattering untile the person(s) that enacted them is no longer in office.



Sequel
...
written by Sequel , June 09, 2011

Wow Jim.
Each of your listed items consist of excuses for why governmental over-regulation and high taxes have nothing to do with the economic problems today.

*Businesses are struggling because businesses suck...
*The housing bubble bursting had nothing to do with sub-prime mortgages...
*A small business owner keeping his head down because he fears what government might do is a kool-aid drinking kook...
*The EPA making carbon a pollutant and regulating the discharge, is wingnuts fearing harmless tree hugers...

I question most if not all of your premises, and wonder how you got your economic views and how you can come to these conclusions. Honestly I don't get it, unless it's just partisan hackery, and Obama excuse making.



Jim ross
...
written by Jim ross , June 09, 2011

“I question most if not all of your premises, and wonder how you got your economic views and how you can come to these conclusions.”

Well, I would be glad to explain. Let me just put down my communist manifesto and turn off my Obama excuse-making machine so I can free up some fingers to type.

Ok. Ready!

“Each of your listed items consist of excuses for why governmental over-regulation and high taxes have nothing to do with the economic problems today.”

Nah, just not as large of a factor as you think it is.

“Businesses are struggling because businesses suck... “
A lot of them do suck. And it drives me nuts. Most of my friends that are small business owners put their homes, vehicles, junket trips, toys, and a bunch of other shit on their books. Then they wonder why their cash flows are down recently. It also drives me insane how messed up our tax system is. Almost everything a business does qualifies for some sort of silly write-off. Many of my farming friends don’t even pay income taxes. Forget tax cuts, how about just fixing our tax system so it might actually collect the revenues it was originally intended to.

“The housing bubble bursting had nothing to do with sub-prime mortgages...”

Sure it did. I’m not sure what you’re getting at there.

“*A small business owner keeping his head down because he fears what government might do is a kool-aid drinking kook... “
No, the employee that believes that bullshit is the kool-aid drinking kook. If my boss ever told me that we were going to stop trying to be a successful business because of Obama I would kick him in the dick.

*The EPA making carbon a pollutant and regulating the discharge, is wingnuts fearing harmless tree hugers...
You must be confusing me with some other partisan hack or Obama excuse maker. I thought I made it pretty clear that the EPA over regulating things is bad.



Sequel
...
written by Sequel , June 09, 2011

Well the boss didn't say he would stop being successful. He said he was not going to hire. we'll have to make do with the current staffing. If we get swamped we'll bring in a few temps for a week or 2.
With a payroll of 48, if he hires 2 more people, he will need to pay $2000.00 each for the 50 employees to fund Obamacare, under 50 pays no fee.
I looked it up, he's right.

And if a business sucks; let em fail, don't bail them out!

Frank-Dodd:
Bush and congressional republicans did raise an alarm about the housing market. They didn't conservative kooks (like you) would've screamed about government interference and overregulation. It wouldn't have been over-regulation, it would have been a reduction in the regulations that forced banks to loan to people without jobs an shit.
But as I said in the earlier comment; "Frank and Dodd demagogued and blocked it."
They held a press conference and called the republicans evil and racist for trying to prevent black people from owning homes. The too timid republican president and spineless RINO congresscriters backed off as they always do when the left screams RACIST!
It's true. You can look it up. Bart remembers, ask him.

As for the EPA thing, I misread your comment. You right.

And finally; businesses don't pay taxes, their customers do.
If you raise taxes on Exxon the equivalent of 5 cents a gallon of gas: what happens to the cost of gas?
Government gets more, Exxon makes the same, you and I pay a nickel more, and the rich don't give a shit about a measly nickel. The left feels warm and fuzzy after scratching their class warfare itch by gettin after the corporate greed.

If XYZ corp runs a coal fired electrical plant and pays the standard corporate tax rate consumers will pay x cents per KWH, but GE runs a coal fired electrical plant and pays no taxes and charges the same x per KWH because Jeffrey R. Immelt has his face so far up Obama's ass the he's camping in his colon. This is gangster government, this behavior retards economic growth.



Jim ross
...
written by Jim ross , June 09, 2011

"And finally; businesses don't pay taxes, their customers do.
If you raise taxes on Exxon the equivalent of 5 cents a gallon of gas: what happens to the cost of gas?
Government gets more, Exxon makes the same, you and I pay a nickel more, and the rich don't give a shit about a measly nickel. The left feels warm and fuzzy after scratching their class warfare itch by gettin after the corporate greed."

If you cut taxes on Exxon the equivalent of 5 cents a gallon, what happens to gas prices? Either absolutely nothing, or they go up. Cutting corporate taxes will not result in lower prices and economic growth. It will result in more money in the pockets of a select few. Would that result in economic growth? I doubt it, but who knows. Fix the current tax system instead of playing political games with tax cuts/increases.



Sequel
...
written by Sequel , June 10, 2011

It will result in more money in the pockets of a select few.

Like me, and Bart, probably you, and anybody else who owns a mutual fund.
Sillyness



Barthélemy Barbancourt
Talk about all over the map
written by Barthélemy Barbancourt , June 10, 2011

You bitch that business owners write off tons of shit and they say that we should cut out loopholes to get more income. Don't you see that this isn't ever going to happen.

What is a legitimate business expense and what isn't? Does my cell phone and internet count? How about my car? Small businesses will never be a major source of tax revenue as they have too much control over their own money. Large corporations probably never will either as they can always buy back stock rather than pay taxes.

As for the price of gas never going down, you know this is complete bullshit. Gas is a competitive industry and the price goes up and down all the time. A 5 cent tax cut would drop the price of gas just as a 5 cent tax increase drives up the price. The really bad shit is that that 5 cent increase ripples through the economy increasing the prices of airline tickets, anything shipped by a truck and depresses consumer activity.

High energy prices are economy killers as Obama and Wall Street are just now figuring out. It takes a while for people to re-adjust to $4 a gallon gas from $2.75, but they do and the results are always bad for the economy. I knew the day I saw $3.99 gas that we were headed for a second dip. Our economy is too fragile to handle a shock like that. Gas has very high impact on consumers as they see the $60 bill when they fill up each week and it reminds them to spend less, travel less and generally do less, meaning less economic activity.

If you want job growth, push for gas at $2.50 or below.



Jim ross
...
written by Jim ross , June 10, 2011

Prices are about supply and demand.

Actually a good analogy came up yesterday with the NFL lockout. The NFL commissioner tried to spin the owner's push to keep an extra $1 billion for themselves as a way to not pass operation costs onto fans. Anyone with a 5th grade education knows that's complete bullshit. If the owner's get an extra billion in their pockets, they get an extra billion in their pockets. It's got nothing to do with ticket high ticket and merchandise prices. As long as demand for the product remains high, owners are not going to decide to lower prices out of the kindness of their hearts. They'll continue to increase prices (as any smart business owner would) and make even more money on top of their extra billion.

Same goes for most any other business. If you cut their taxes, it's not going to magically lower prices and cure all of our economic woes. Anyone who believes that is no different than the stooges that bought the NFL commish's lockout spin.

Look, taxes are too high. If you ask me to vote on cutting taxes, I'd vote for it. But not on the false notion that it's going to somehow make my life better as a consumer.



Barthélemy Barbancourt
Or we could just increase the supply!
written by Barthélemy Barbancourt , June 10, 2011

Drill, Baby, Drill is a great slogan for 2012.

Reductions in demand for gas usually signal a slowing economy. I'd rather not have a sudden drop in demand.



Woody
...
written by Woody , June 10, 2011

Fortunately, we're drilling in the Gulf of mexico now Bart in order to increase domestic production. I paid $3.61 yesterday which was surprising given the recent OPEC production rate dispute between oil producing nations. Safe domestic production and alternative fuels are the key to greater energy independence.



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