because they are salaried their compensation cannot be reduced because of a shortfall of work to be performed
but they now can be compensated where their work week exceeds the 40 hours for which they receive a salary. just as salaried non-exempt previously could without benefit of the Obama XO
The Obama economy still is a miserable failure | RedState#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.
#2 Since Obama has been president, seven out of every eight jobs that have been “created” in the U.S. economy have been part-time jobs.
#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.
#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.
#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968
#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks. Today, it is 36.6 weeks.
#7 During the first four years of Obama, the number of Americans “not in the labor force” soared by an astounding 8,332,000. That far exceeds any previous four year total.
#8 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
#9 When Obama was elected, the home-ownership rate in the United States was 67.5 percent. Today, it is 65.0 percent. That is the lowest that it has been in 18 years.
#10 When Obama entered the White House, the mortgage delinquency rate was 7.85 percent. Today, it is 9.72 percent.
#11 In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars.
#12 When Obama first became president, 12.5 million Americans had manufacturing jobs. Today, only 11.9 million Americans have manufacturing jobs.
#13 Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.
#14 The poverty rate has shot up to 16.1 percent. That is actually higher than when the War on Poverty began in 1965.
#15 During Obama’s first term, the number of Americans on food stamps increased by an average of about 11,000 per day
#16 When Barack Obama entered the White House, there were about 32 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.
#17 At this point, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. That number has risen by 57 percent since the 2006-2007 school year.
#18 When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85. Today, it is $3.53.
#19 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
#20 Health insurance costs have risen by 29 percent since Barack Obama became president, and Obamacare is going to make things far worse.
- Obama's Slow Growth Policies Have Stacked The Deck Against American Workers - Forbes
- Obama's Economic Failure | RealClearPolitics
- RealClearMarkets - President Obama's Legacy Of Economic Failure
- WHAT RECOVERY? George Will Exposes Obama's Failed Economic Record - Fox Nation
- Articles: The Cold Hard Facts of Obama's Economy
- Obama's Economy has Become a Synonym for Failure and Despair - Donald Lambro - Page full
Yea, the economy took a serious dump with the hosing market implosion and the financial collapse, but no, he's not been leading the economy into recovery, in fact, it's a viable position that his economic and regulatory policies have twarted any sort of strong recovery. So, no. Obama's not been good for the economy.
You can chose to chose to believe the administration's spin misters, but you'd not be informed with the truth.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
Sure, you can TRY and blame Bush for all this, except that we are now well into the 2nd Obama term, and he's demonstrated his general cluelessness about business and the economy, with his continuing to hoist nonsensical EPA regulation burdens onto the economy.
By definition a contractor should have other customers or at least full control of if when and how they conduct business. FedEx and the like are skirting the grey areas. I hire people that have their own licensing, insurance ect. Its a way to distance myself even though a lot of times I am their exclusive business partner. FedEx requires uniforms certain working hours conditions and methods, that I don't. Like I said we don't need more rules on the subject of overtime. Quite frankly the overtime rules needs to go the way of the dodo bird.
Employers already have enough disincentive to hire people. I can do anything in any business with a contractor that I can in a business that employs people. You and I don't get paid for all of the hours we put in to run our business's. If someone wants salary they need to know the pitfalls of it and whether they think the upside is worth those pitfalls. "
Semper Fidelis, Semper Liber.
Stolen fair and square from the Capt. Courtesey himself.I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d 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.