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Thread: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487:681]

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    I understand that leadership isn't something you understand but I certainly would like to know exactly what Obama didn't get that he wanted from the Democrat controlled Congress in 2009-2010. Leadership is about talking responsibility and not placing blame.

    You don't seem to get it, we contracted almost 3% so a 3% gain in the second quarter puts us back to zero. In an economy that contracted like it did in 2008 should be in the 6-7% range creating hundreds of thousands of jobs. That isn't going to happen with liberal economic policies

    I find liberal excuse making tiresome and a waste of time to respond. there is a reason Obama has such poor JAR numbers, maybe you can figure them out. As long as you have such low expectations that is always what you are going to get.
    What liberal economic policies are you talking about? I'm not sure what you're saying has caused the economy harm. I think it's pretty believable that the harsh winter caused some of this, because economic growth has been steady for a couple years now. I understand that it's not what we want it to be, but I don't see how a color and letter next to Obama's name have had anything to do with that.
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Jango View Post
    The ideology of limited government? Yeah, in the areas where money goes to help poor & disadvantaged Americans. But not in a woman's reproductive rights. Or in creating new bureaucracies, see D.H.S. Or if some foreign country is being attacked. The ideology of limited government only applies when it is convenient & in areas where the person saying it wants it to be applied.

    And yes, they ARE intentionally hurting American citizens. Why? Because when you, for example, slash food stamps, it HURTS people that NEED the program TO PUT FOOD ON THEIR TABLE. That's reality.
    Do libertarians admit when they are wrong or does the liberal in libertarian come out and prevent you from doing that? My post was quite specific regarding the minimum wage as being a state issue which you ignored. Why would any Libertarian put so much faith in the Federal Govt. that has run up a 17.5 trillion dollar debt doing a good job in personal social issues/responsibilities?

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Jango View Post
    Yeah, cause when my minimum wage increased it sure hurt me...

    Better compensated employees = satisfied employees = better productivity = less waste = more profits.

    sorry....but no

    the floor sweeper can only sweep so fast

    the dishwasher isnt doing dishes any faster

    and the hamburgers only cook so fast

    we are talking minimum wage jobs here....they have very little to do with overall productivity of a business

    what they do is the "scut" work that you dont want a sous chef, who you pay $ 22 an hour for, to do

    now saying that....i will also add that i do think that minimum wage can and should be raised

    but nowhere near what some people are saying

    we can go from $ 7.25 to $ 9.50 an hour over the next few years

    businesses will be able to handle that type of increase....at least most of them

    but the talk of $ 15.00 is absolute lunacy at best....it would destroy the jobs you are talking about

    my wife has put off automation in a few spots because of capital outlay for her business

    and she will probably continue to do so at under $ 10 an hour

    over that....now you are hitting the point to where it makes fiscal sense to put 20k into a machine that can do what a person used to do
    “Most of the shadows of this life are caused by standing in one's own sunshine.”

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Mustachio View Post
    What liberal economic policies are you talking about? I'm not sure what you're saying has caused the economy harm. I think it's pretty believable that the harsh winter caused some of this, because economic growth has been steady for a couple years now. I understand that it's not what we want it to be, but I don't see how a color and letter next to Obama's name have had anything to do with that.
    It really is hard to explain private sector economics to people who don't understand personal investment, personal risk taking, profit demand, regulations, high taxes(Federal, State,Local), hiring costs, termination costs, and never getting a guaranteed paycheck. Liberals look at business as big conglomerates not the local dry cleaner, drug store, food market etc and that is the engine that drives this economy. Who pays for Obamanomics? The business owner? No, the customer, the poor people in the community. Any idea what it costs to open a business today and the regulations and fees that have to be paid?

    What you and others don't seem to understand is small businesses aren't counted in the BLS data and those who have gone out of business are every bit as unemployed as a worker laid off with the difference being they don't get an unemployment check.

    It is people like you who want to make this a race issue or a political issue, It is neither, it is incompetence and a community agitator who has no understanding how the private sector works or the experience for the job he holds. He isn't the king he thinks he is and the American economy and small businesses are suffering.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    It really is hard to explain private sector economics to people who don't understand personal investment, personal risk taking, profit demand, regulations, high taxes(Federal, State,Local), hiring costs, termination costs, and never getting a guaranteed paycheck. Liberals look at business as big conglomerates not the local dry cleaner, drug store, food market etc and that is the engine that drives this economy. Who pays for Obamanomics? The business owner? No, the customer, the poor people in the community. Any idea what it costs to open a business today and the regulations and fees that have to be paid?

    What you and others don't seem to understand is small businesses aren't counted in the BLS data and those who have gone out of business are every bit as unemployed as a worker laid off with the difference being they don't get an unemployment check.

    It is people like you who want to make this a race issue or a political issue, It is neither, it is incompetence and a community agitator who has no understanding how the private sector works or the experience for the job he holds. He isn't the king he thinks he is and the American economy and small businesses are suffering.
    Yeah I just can't stop talking about race
    So you didn't answer my question at all. I'm guessing you're just talking about the ACA, amirite? Because I asked you what liberal economic policies you're talking about and I got nothing from you. It seems like you think that as soon as a democrat becomes President, taxes on small business owners skyrocket without any legislation or even outlined policy. What economic policies changed between 2008 and now that you believe are hurting businesses?
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Mustachio View Post
    Yeah I just can't stop talking about race
    So you didn't answer my question at all. I'm guessing you're just talking about the ACA, amirite? Because I asked you what liberal economic policies you're talking about and I got nothing from you. It seems like you think that as soon as a democrat becomes President, taxes on small business owners skyrocket without any legislation or even outlined policy. What economic policies changed between 2008 and now that you believe are hurting businesses?

    Minimum Wage is a liberal economic program that hurts the poor and small businesses, Federal emissions laws when states have their own EPA, NLRB that rules on state employment issues like that in S.C., Opposition to the Keystone Pipeline when the states have approved it, ACA of course, attacks on individual wealth creation and promoting higher taxes on those that produce. Obviously living in Minnesota the socialist media there isn't telling you what is going on and you probably wouldn't understand it anyway

    By the way, sorry if your reference to color was not about race. I didn't bring up color, you did

    I don't see how a color and letter next to Obama's name have had anything to do with that.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Minimum Wage is a liberal economic program that hurts the poor and small businesses, Federal emissions laws when states have their own EPA, NLRB that rules on state employment issues like that in S.C., Opposition to the Keystone Pipeline when the states have approved it, ACA of course, attacks on individual wealth creation and promoting higher taxes on those that produce. Obviously living in Minnesota the socialist media there isn't telling you what is going on and you probably wouldn't understand it anyway

    By the way, sorry if your reference to color was not about race. I didn't bring up color, you did
    I was talking about the color blue. But I don't see how EPA standards have any effect on small businesses. That's something that relates to really, really, really big businesses. Like Cargill, which is based in Minnesota. Or 3M, which is based in Minnesota too. Moving on, most of the Keystone Pipeline is operational now, right? And that's.... so what's the problem there? That part of it hasn't been approved yet? Well, it will be. But I don't think reviewing the Keystone Pipeline has much to do with slow economic growth, that's a single hot button issue even though domestic oil production is higher right now than I think ever before. It's certainly grown during Obama's tenure. So again, I think you're wrong. And the "attacks on individual wealth creation" is just rhetoric, it literally means nothing in this case.

    Yeah, the Minnesota media is super socialist, 99% of the reporting is about weather, fishing, and hunting, but the other 1% is about how Castro's Cuba is just. By the way, Minnesota has consistently been near the top for education, standard of living, health. In a lot of areas we are #1 or close to it. So the presumption that I'm too stupid to understand the world because I'm from Minnesota is pretty absurd.
    A working class hero is something to be

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    It really is hard to explain private sector economics to people who don't understand personal investment, personal risk taking, profit demand, regulations, high taxes(Federal, State,Local), hiring costs, termination costs, and never getting a guaranteed paycheck. Liberals look at business as big conglomerates not the local dry cleaner, drug store, food market etc and that is the engine that drives this economy.
    This is wrong. Big business is the engine that drives the economy.

    Who pays for Obamanomics? The business owner? No, the customer, the poor people in the community. Any idea what it costs to open a business today and the regulations and fees that have to be paid?
    It's fairly cheap to start a business...
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Khayembii Communique View Post
    This is wrong. Big business is the engine that drives the economy.



    It's fairly cheap to start a business...
    No, according to another Forbes article, you are wrong.

    '3) Over 50% of the working population (120 million individuals) works in a small business

    4) Small businesses have generated over 65% of the net new jobs since 199
    5'

    16 Surprising Statistics About Small Businesses - Forbes

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Really? You have no problem posting charts showing that tax cuts caused the deficits while ignoring the fact that economic activity improves with tax cuts and cannot prove that the tax cuts didn't cause that activity. So how can tax cuts cause a reduction of revenue when revenue grew after the tax cuts? How do you know the activity would have been the same without those tax cuts?

    Carter was a good man but typical of all liberals refusing to admit that govt. micro management of the economy caused the mess that Reagan inherited and continue to cause the problems we have today. Liberals never learn from history, they just repeat it.
    I've actually had no trouble showing that they made no actual difference. I've also linked economists and others saying the effect is minor. Compared to other factors. So, I stand on pretty firm ground here.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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