Last edited by xpiher; 06-16-11 at 01:51 AM.
Hayek - too liberal for republicans
Nobel laureate Michael Spence, author of The Next Convergence, has looked at which American companies created jobs at home from 1990 to 2008, a period of extreme globalization. The results are startling. The companies that did business in global markets, including manufacturers, banks, exporters, energy firms and financial services, contributed almost nothing to overall American job growth. The firms that did contribute were those operating mostly in the U.S. market, immune to global competition — health care companies, government agencies, retailers and hotels. Sadly, jobs in these sectors are lower paid and lower skilled than those that were outsourced. "When I first looked at the data, I was kind of stunned," says Spence, who now advocates a German-style industrial policy to keep jobs in some high-value sectors at home. Clearly, it's a myth that businesses are simply waiting for more economic and regulatory "certainty" to invest back home.
What U.S. Economic Recovery? Five Destructive Myths - TIME
New Jobless Claims 414,000 - Yahoo! FinanceThe economy needs to generate at least 125,000 jobs per month just to keep up with population growth. At least twice that many are needed to bring down the unemployment rate.
the white house bragging point, ie, the best it's got---2.1 million private sector jobs created---comes to a piddly 75000 per month
which explains the wall to wall coverage of our "historically slow recovery"
Job creation limps along after recession - USATODAY.com
we've actually LOST net jobs since the passage of the stim
1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus | CNSnews.com
the white house promised that with the passage of that 862B boondoggle we'd be under 7% unemployment today
Romer and Bernstein on stimulus - NYTimes.com
when is the last time the slasher stumped on the stim
Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com
it is what it is
Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME
obama's chief economic adviser lawrence summers, who like orszag and romer and goolsbee QUIT, wrote a wapo op ed this week unambiguously warning of "little economic growth ahead unless new measures are enacted"
Larry Summers: Boost the payroll tax cut - Jennifer Epstein - POLITICO.com
the slasher's lugubrious legacy of loss
party on, progressives
Last edited by The Prof; 06-16-11 at 12:15 PM.
The truth about GE's tax bill - Fortune Features
Welcome to the real world.
In other words, it might pay little bit, but, more than likely, we'll never know how much it actually paid."We expect to have a small U.S. income tax liability for 2010," GE chief spokesman Gary Sheffer told us. How big is small? GE declined to say. The number is unlikely to ever be disclosed unless GE goes public with it, or is forced to do so.
"A little bit", in terms of a multi-million dollar company is still a helluva lot of money. Either way, it appears that they did pay taxes. Yes?Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.
So, the whole, "corporations don't pay taxes", bull**** is just that...bull****. Agreed?