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Thread: Economy shrinks for first time in 3 1/2 years[W: 395]

  1. #31
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Captain America View Post
    Well, we're doing fine over here in Hooterville hoping the DOW hits 14k today! Wooohooo! Way to go Obama!

    USA! Number 1!
    So the economy was doing great when the Dow went over 14000 in Mid 2007 under Bush? Your definition of a booming economy is a high Dow? I am sure the millions of unemployed and under employed don't see it the same way. A contraction in the economy, high debt, high unemployment doesn't bode well for someone like you who seems to really care more abou this own investments.

  2. #32
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by KevinKohler View Post
    Now for the real question.

    Why are companies STILL imposing wage freezes?
    Because the economy is not sufficiently strong that they can't obtain enough workers at their prevailing wages. Of course, conditions vary from industry to industry and some sectors are raising wages.

  3. #33
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    So that is your definition of success? Why is it that socialists and liberals have such low standards? If you don't want to live there how can that be a successful economy?
    Exactly. I would view a SUCCESSFUL country or economy is being only those place I would actually want to live.


    So, for me, it's Germany. I think I could like Germany. Decent economy. Nice cars. Hot blondes. Great beer. I like all of those things.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by KevinKohler View Post
    If by "survive", you mean, record profit margins, and 50% or higher increase in executive compensation, then...yes. They are struggling to "survive".
    How does what someone in the private sector makes affect you and your family? Record profit margins? So what? How about record spending by the govt? How about record debt by the Govt? How about negative economic growth? Better get your priorities straight.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    Wrong, cutting spending in a private sector economy will have limited effect. Unleash the private sector and force people like you to accept personal responsibility is the only way for this country to thrive. Only socialists believe we need a 3.8 trillion dollar and growing Federal Govt. and have no problem with high unemployment, high debt, and low economic growth, the new socialist normal. Welcome to Greece II and the Obama economy.
    Do you have any suggestions beyond a catchphrase?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  6. #36
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    Re: Economy shrinks for first time in 3 1/2 years

    jonny5;1061407442]Because the future is uncertain,
    When has the future ever been certain? Sound like an excuse, to me.
    and they have not seen an increase in profits to offset the costs they will be assuming as a result of inflation, obamacare, higher taxes, and tons of new regulations.
    They HAVE seen a huge increase in profits. Enough to offset an unknown list of costs due to regulation? How do they know this? Simple.


    They don't. I believe most companies...large ones, anyway, are USING a flagging economy, even just a PERCEIVED flagging economy, as an excuse to decrease overhead, in order to maximize profits. I'll use my own company as an example. BJ's Wholesale has been doing a BOOMING business in the past couple of years. Yet pay has been frozen. They FINALLY let the low and mid level employees on the store level to get raises again...but they have now frozen the incomes of the senior store level managers...the general managers, the district and regionals, etc, and laid off over 80 managers in my region alone. Meanwhile, the compensation for the executive level at corporate has gone up over 6% this past year, and their bonus, being directly tied to payroll, I have to imagine, has gone up severely. BJ's stocks? Doing GREAT.

    I'll wager that a LOT of other people can attest to their own companies doing the same ****.

    Struggling to survive indeed.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  7. #37
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Deuce View Post
    Do you have any suggestions beyond a catchphrase?
    Absolutely, let the free enterprise system work by allowing companies to fail, people to fail, and force people to accept personal responsibility. Stop the bailouts and cut entitlement spending. Force people to work not accept welfare. Remove SS and Medicare along with funding for those programs off budget, cut the remaining size of govt. down to 1.5 trillion by eliminating departments that are duplicated at the state levels. Let states handle their own social issues and force the federal govt. to do only what is mandated by the Constitution which is to provide for the common defense. Promote individual wealth creation and stop rewarding failure.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    How does what someone in the private sector makes affect you and your family? Record profit margins? So what? How about record spending by the govt? How about record debt by the Govt? How about negative economic growth? Better get your priorities straight.
    I'll shoot that question right back at you, and then answer it for you.

    How does public spending affect companies, so long as their tax liabilities don't increase. And they aren't. How does the US deficit affect companies, again, beyond their tax liabilities?

    As for someone else's compensation, it affects me, when you stop to consider that their record bonuses come at the expense of payroll to the rest of us within that company. It affects me when their pay is what is causing a company to be less solvent. How many times you gotta watch companies go down in flames while the brass make out like ****ing bandits, before you start to realize that the so called bastions of capitalism only really care about themselves, and are more than willing to bend and break the rules, and screw millions, the line their own pockets? How many times you gotta watch that happen, before you determine that continuing on that path is detrimental to our economy?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  9. #39
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    How does what someone in the private sector makes affect you and your family? Record profit margins?
    Those things do affect everybody, though. Money hoarding by a small portion of the population has a negative impact on the overall economy for the same reason that decreasing federal spending does.

    To explain: $10,000,000 given to one person probably will not get spent within a year or even 10, but $10,000,000 given to 10,000,000 people will probably get spent dozens of times over in a year. In the first scenario, the 10 mil is effectively out of the economy. It's not being used to purchase goods or services. In the latter scenario, that money is continually being used to purchase goods and services though. It's transferring hands over and over again. It benefits many more people.
    Tucker Case - Tard magnet.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    A 40% reduction in defense spending will have some short-term economic consequences. Any cuts in spending would have this kind of consequence as less money being put into the economy will obviously affect the economy.

    We can't have our cake and eat it too. We need to deal with short term detriments in order to see long term gains. If we want to address the deficit in any serious fashion, it means we'll all have to tighten our belts. Rich, poor and everyone in between. There's no magic pill solution that will make this painless.
    Exactly.

    US Economy Shrinks 0.1 Pct., 1st Time in 3˝ Years - ABC News

    "Frankly, this is the best-looking contraction in U.S. GDP you'll ever see," Paul Ashworth, an economist at Capital Economics, said in a note to clients. "The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging.”

    The inventory growth being off might have something to do with the uncertainty over “fiscal cliff”. Unfortunately that has not been fully dealt with yet, the spending cut portion was just postponed to March.

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