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Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

  1. #71
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Corporate America doesn't trust this buffoon of a president enough to go on a risk-laden growth strategy and hiring spree.

    Once he's gone, the entrepreneurial spirit will return.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Erod View Post
    Corporate America doesn't trust this buffoon of a president enough to go on a risk-laden growth strategy and hiring spree.

    Once he's gone, the entrepreneurial spirit will return.
    There's basically no chance. A multitude of economic trends have been at work for the last thirty years. Jobs have been an ever increasing net loss, and the recession was the nail in the coffin.
    Last edited by Morality Games; 07-08-11 at 04:35 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    "the main culprit economists point to is uncertainty"

    YouTube - Pelosi: "We Have to Pass the Bill So That You Can Find Out What Is In It"

    uncertainty is obama's middle name

    is he gonna VETO the short term ceiling hike, as he suggested yesterday?

    or is he gonna EMBRACE it, like last week?

    is it gonna be kent conrad at budget, the gang of six at joe biden, or is obama gonna personally involve himself once more?

    depends on the day, the hour

    is he leading from behind again?

    are social security and medicare cuts part of the white house plan or not?

    what kind of cuts, how big?

    will he or won't he tax the rich, is it millionaires and billionaires or folks over 250K?

    depends on the crowd

    beyond the 7 as opposed to 5 year depreciation of private jets, exactly what subsidies does the president want eliminated?

    when will he tell us?

    what are those of us in industries he's looking at sposed to do in the meantime?

    how bout those of who deal with folks who work in the industries he's looking to?

    bottom line---why is it THREE YEARS, y'know, in times like these, since this poor perplexed president and his party in power in upper parliament have even PROPOSED a blueprint?

    or at least one even the white house can believe in?

    President's budget sinks, 97-0 - TheHill.com

    did you SEE the things chief of staff daley was saying to the wall street donors who were pleading for the epa to get out of the way, to stop blocking construction on behalf of a fish?

    "daley said he did not have many good answers, appearing to throw up his hands in frustration at what he called 'bureaucratic stuff that’s hard to defend'"

    "sometimes you can’t defend the indefensible,” he said.

    http://www.washingtonpost.com/politi...yXH_story.html

    to the paper company exec who worried about the 15 mil it would cost her to upgrade her mill:

    "the number of rules and regulations that come out of agencies is overwhelming, we’re trying to bring some rationality to it"

    certainty?

    we can't even reach rationality (tho we're trying)

    according to the white house chief of staff, on june 16, as reported by wapo

    spin anyone?

    partisanship?

    certainty?

    leadership?

    party on, peeps

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by PzKfW IVe View Post
    Sometimes, you have to cut off a leg to save a life.



    Beats me. As it is a long-term net positive, the fact that it may not have positive effect in the short term is, well, irrelevant.
    I don't buy that mindset one bit. I don't believe you have to sacrafic what's good about this country just to rein in spending. I believe we can do both. To that, the President is correct. We do need to face facts that we are going to have to raise taxes AND/OR eliminate some of the most expensive tax subsidies/tax loopholes in order to pay down the deficit while also doing certain things to bring about job growth and creation. I'm just as concerned about our national debt as the next guy, but I don't think we can cut spending only in order to get it under control.

    We are a consumer nation. Just about everything we do is done with credit. Yes, that does need to turn around; we need to become a nation of manufactorers again. To that, I think the President has it right. We do need to invest in new technologies, new industries that can create the jobs that stay here in the U.S. But we'll never get there if one side of the political divide is so resistent to raise revenue and insists that the only way to get from Point A to Point B and beyond is essentially to wait until our financial house is perfectly in order before we do anything else.

    I understand that in most American households when one finds himself in debt that that's what should be done - create a realistic budget, live within it, plan for expenditures. I get that and it IS the responsible thing to do. However, we're also told that if you need to generate additional income (revenue) go out and get a 2nd job! For the U.S. Treasury, that "2nd job" is eliminating tax subsidies and a slight tax increase in those areas and/or on those individuals who can afford to pay alittle bit more. It's the only way to have the best of both worlds where our deficit and debt problems are concerned. The alternative is prolonged unemployment which seems to be what the GOP wants.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    personally, sincerely, i do not recall ever witnessing an american politician demonstrate more LEADERSHIP in very difficult times than young governor andrew cuomo in new york

    granted, his situation is not identical to barack obama's, but there are at least tens of billions of similarities

    anyway, here's governor cuomo's take on HIS situation:

    "we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"

    "the costs of pensions are exploding... a 476% increase and its only getting worse"

    "the state of new york spends too much money, it is that blunt and it is that simple"

    "an unsustainable rate of growth and it has been for a long time"

    "not only do we spend too much, but we get too little in return"

    "the large government we have is all too often responsive to the special interests over the people"

    "new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"

    "what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"

    "this is a fundamental realignment for the state"

    "the old way wasn't working anyway, let's be honest"

    "we want a government that puts the people first and not the special interests first"

    "what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"

    "and that's what's going to make us the empire state again"

    "at the heart of this state is business"

    "we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"

    "we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"

    "westchester county has the highest property taxes in the united states, nassau county has the second highest"

    "it has to end, it has to end this year"

    "we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"

    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    "we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"

    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

    mind you, the governor is not just talking, he's already moved

    Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

    and NEW YORKERS, of all audiences, are giving the gub standing O's

    Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com

    americans, even manhattanites, apparently, appreciate leadership

    y'know, in times like these

    spin, anyone?

    partisan hackery?

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Morality Games View Post
    There's basically no chance. A multitude of economic trends have been at work for the last thirty years. Jobs have been an ever increasing net loss, and the recession was the nail in the coffin.
    What, LOL?

    This isn't socialist France or communist China. There is every chance in the world for the free market to re-energize.

    Sure, there will always be the 5 percent who insist on being on the government teet, or have legitimate reasons for not being part of the work force. And there will always be certain markets that suffer through tough times. But America is still the most fertile place to grow an idea on the planet.

    The more government infringes and creeps in to daily life, the more risky the environment becomes for upstart ideas and growth.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Objective Voice View Post
    I don't buy that mindset one bit. I don't believe you have to sacrafic what's good about this country just to rein in spending.
    By settling for 'reduced deficits', you're committing yourself to more and more debt - and endless debt ceiling hikes.
    In essence, you're kicking the can down the road - which is what got us here, and we're just about out of road.

    And, really -- federal spending creates what is good in tis country? Really?

    To that, the President is correct. We do need to face facts that we are going to have to raise taxes AND/OR eliminate some of the most expensive tax subsidies/tax loopholes in order to pay down the deficit...
    You dont pay down a deficit, you reduce it. You pay down the debt, but only when you have a surplus.
    As far as the "loopholes"... eliminating the accelerated depreciation on cortprate jets that The Obama signed into law 'costs' us $3B/yr.
    To rest an argument ont this - $3B compared to a $1500B deficit - is a farce.

    I'm just as concerned about our national debt as the next guy, but I don't think we can cut spending only in order to get it under control.
    Given that the deficit is ~73% of available revenues, not matter how much you think you can raise taxes, you have to cut spending even more.
    Entitlement spending, alone, exceeds available revenue by almost 10%.

    We are a consumer nation. Just about everything we do is done with credit.
    This isn't relevant to the discussion. Your credit card dosnt figure into the deficit.

    I get that and it IS the responsible thing to do. However, we're also told that if you need to generate additional income (revenue) go out and get a 2nd job!
    What we have today is the husband telling the wife to cutrail her shopping and the wife telling the husband to get another job so she can open another charge account.
    To perpetuate this madness on a national scale, as you have under your current consideration, is asinine beyond the pale.
    Last edited by PzKfW IVe; 07-08-11 at 05:24 PM.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Erod View Post
    What, LOL?

    This isn't socialist France or communist China. There is every chance in the world for the free market to re-energize.

    Sure, there will always be the 5 percent who insist on being on the government teet, or have legitimate reasons for not being part of the work force. And there will always be certain markets that suffer through tough times. But America is still the most fertile place to grow an idea on the planet.

    The more government infringes and creeps in to daily life, the more risky the environment becomes for upstart ideas and growth.
    Pretty much the opposite. Venture capitalism really isn't that big of an aspect of our economy even in the best of times. Most enterprises require subsidies from the government for lift off. The Internet being an example.

    People only want to invest in winning hands, things that are already doing well. No one wants to spend money during a recession, not because of Obama, but because nobody wants to take the heavy risk of failure.

    That's how it is in every recession; everybody sits on their money (from the poor to the super-wealthy) until the sure-winners come back.

    Also why technological and economic Dark Ages can last for hundreds of years.
    Last edited by Morality Games; 07-08-11 at 05:27 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    I don't know what the big deal is... can't we just print more money, more food stamps and extend the unemployment for another year to make 3 years? THAT's what creates jobs....


    Pelosi fires back at Gingrich over food stamps CNN Political Ticker - CNN.com Blogs

    Pelosi: Unemployment Checks Fastest Way to Create Jobs - FoxNews.com


    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by PzKfW IVe View Post
    By settling for 'reduced deficits', you're committing yourself to more and more debt - and endless debt ceiling hikes.
    In essence, you're kicking the can down the road - which is what got us here, and we're just about out of road.

    You dont pay down a deficit, you reduce it. You pay down the debt, but only when you have a surplus.
    Alright, so it's "debt" reduction, not "deficit" reduction. But if that's the case, why then are Republicans putting so much emphasis on how large the deficit is? If it's debt that's the bigger problem, isn't that what they should be focused on? And what's the fastest way to pay down the debt? Spending cuts alone? Increased taxes alone that go toward the debt? Or a combination of both?

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