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

  1. #561
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Visbek View Post
    OK, and this has what to do with Q1 GDP, or things looking up for Q2?

    You also do know that the US corporate tax rate is below the OECD average? As in, they aren't considering this to get a lower tax rate, but just to exploit a tax loophole. Right?

    Do you think programs like Obamacare, EPA policy changes, threats of higher taxes, more regulations, holds on things like the Keystone Pipeline, attacks on individual wealth creation, promotion of class warfare and envy affects business hiring and employment practices? Do you understand how the private sector works and the costs of employing, hiring and firing employees? Do you understand that businesses not only pay federal taxes but also state and local taxes?

    You seem to believe that Obama has provided the incentive to the private sector to grow their businesses and grow jobs. Give me examples of that so called incentive?

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

    Quote Originally Posted by polgara View Post
    More bad news! The sad thing is that there are about 16 million more people in the US since 2006, but there are more than 1.5 million fewer Americans employed today. Workforce participation rates are the lowest in decades - and it looks like it's about to get worse. And this administration is pushing to give amnesty to thousands and thousands of illegals at the same time that jobs are disappearing? WTH?
    Why is it bad that the workforce participation rate is lowest in years?

    That just means that we have a larger percent of our workforce that is financially secure enough that they don't have to work. Some of those people are in college, or retired, or have decided to be housemakers or stay at home moms and dads. Thirty years ago, back when conservatives talked about things like "values" and "family" and "education", those were thought to be good things, but now conservatives seem to be the anti-values/family/education party.

    Also, if todays workforce participation rate is still higher than at any point prior to 1978, so in a way we are returning to the "good ole days".

    PS - I believe that I read that as of last month all jobs lost during the Great Bush Recession had been recovered and that we now have a record number of jobs in the USA.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  3. #563
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    Why is it bad that the workforce participation rate is lowest in years?

    That just means that we have a larger percent of our workforce that is financially secure enough that they don't have to work. Some of those people are in college, or retired, or have decided to be housemakers or stay at home moms and dads. Thirty years ago, back when conservatives talked about things like "values" and "family" and "education", those were thought to be good things, but now conservatives seem to be the anti-values/family/education party.

    Also, if todays workforce participation rate is still higher than at any point prior to 1978, so in a way we are returning to the "good ole days".

    PS - I believe that I read that as of last month all jobs lost during the Great Bush Recession had been recovered and that we now have a record number of jobs in the USA.
    So you have no problem with 7.3 million Americans who want full time work working part time? You have no problem with millions and millions of Americans being unemployed/under employed/discouraged? You have no problem with a labor force that hasn't kept up with population growth and high unemployment among our youth and African Americans?

    We have an economy now based upon part time employment and an entitlement mentality. Obama has kept his promise to fundamentally change America but the problem is that fundamental change isn't what I believe most Americans who voted for him envisioned.

  4. #564
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Do you think programs like Obamacare, EPA policy changes, threats of higher taxes, more regulations, holds on things like the Keystone Pipeline, attacks on individual wealth creation, promotion of class warfare and envy affects business hiring and employment practices? Do you understand how the private sector works and the costs of employing, hiring and firing employees? Do you understand that businesses not only pay federal taxes but also state and local taxes?

    You seem to believe that Obama has provided the incentive to the private sector to grow their businesses and grow jobs. Give me examples of that so called incentive?
    There is always uncertainty in the market, regardless of which party is in power.

    The only thing that effects my hiring and firing is demand for the products that I produce. If demand increases, I hire to fill that demand, if demand decreases, I have no choice other than to lay people off. Obamacare doesn't matter, neither does the level of wages that I have to pay, if I need someone I will hire, if I don't need someone then they aint worth a penny to me, thus I will cut them loose.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  5. #565
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    There is always uncertainty in the market, regardless of which party is in power.

    The only thing that effects my hiring and firing is demand for the products that I produce. If demand increases, I hire to fill that demand, if demand decreases, I have no choice other than to lay people off. Obamacare doesn't matter, neither does the level of wages that I have to pay, if I need someone I will hire, if I don't need someone then they aint worth a penny to me, thus I will cut them loose.
    Demand for goods and services are affected by the take home pay of employees and the value those dollars buy. Obama has done nothing to promote certainty in the markets, certainty with regards to personal income, and in fact has done his best to create more dependence on the Federal Govt.

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

    Quote Originally Posted by Conservative View Post
    So you have no problem with 7.3 million Americans who want full time work working part time? You have no problem with millions and millions of Americans being unemployed/under employed/discouraged? You have no problem with a labor force that hasn't kept up with population growth and high unemployment among our youth and African Americans?

    We have an economy now based upon part time employment and an entitlement mentality. Obama has kept his promise to fundamentally change America but the problem is that fundamental change isn't what I believe most Americans who voted for him envisioned.
    There are always people working part time who desire full time jobs, and there are also full time people who would prefer to work part time, and most part time workers prefer to work party time.

    Obviously our unemployment rate is high, as it comes down, as it has steadily been doing for the past five years, fewer people will be inconvenienced by their job situation.

    What I am not OK with is hundreds of thousands of jobs losses per month that we had during the great recession.

    Anyhow, what you are talking about is unemployment and underemployment, not the labor force participation rate.

    I advocate to establish a full employment policy where we have jobs available for everyone who chooses to work. We should have established that policy decades ago, yes, Obama failed to do this, as did every other president before him.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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

    Quote Originally Posted by Conservative View Post
    Do you think programs like Obamacare, EPA policy changes, threats of higher taxes, more regulations, holds on things like the Keystone Pipeline, attacks on individual wealth creation, promotion of class warfare and envy affects business hiring and employment practices?
    Yet more red herrings.

    Walgreens is not even remotely considering moving its corporate HQ to Switzerland because of Obamacare, EPA policies, a slight bump in top-end tax rates, regulations, Keystone and so forth.

    Walgreens is considering moving its corporate HQ because that's where its new parent exists, and because it might let them exploit a huge corporate tax loophole.

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

    Quote Originally Posted by Conservative View Post
    Demand for goods and services are affected by the take home pay of employees and the value those dollars buy. Obama has done nothing to promote certainty in the markets, certainty with regards to personal income, and in fact has done his best to create more dependence on the Federal Govt.
    Correct. Thats part of the reason that I do not support Obama, and did not vote for him either time.

    I do advocate for middle class tax breaks and a higher minimum wage to create more demand.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #569
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    There are always people working part time who desire full time jobs, and there are also full time people who would prefer to work part time, and most part time workers prefer to work party time.

    Obviously our unemployment rate is high, as it comes down, as it has steadily been doing for the past five years, fewer people will be inconvenienced by their job situation.

    What I am not OK with is hundreds of thousands of jobs losses per month that we had during the great recession.

    Obama has created an economy that promotes part time workers because businesses are not going to hire full time employees under these economic conditions. You may be the exception but the unemployment/employment along with economic numbers tell a different story.

    You keep going back to those hundreds of thousands of employees who lost their jobs but not the millions who are discouraged and dropped out of the labor force. Aren't those people unemployed? I have posted the bls charts but you ignored them. Why are there fewer people working today than when the recession began? How many of those so called jobs created during this Administration are part time jobs?

    You want to continue to focus on jobs lost but the jobs lost during the Bush years PLUS the discouraged workers still don't come close to what Obama has generated.
    What is it about people like you who just don't get it. Obama has made a fool out of you and you continue to promote his economic results.

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

    Quote Originally Posted by Conservative View Post
    Obama has created an economy that promotes part time workers because businesses are not going to hire full time employees under these economic conditions. You may be the exception but the unemployment/employment along with economic numbers tell a different story.

    You keep going back to those hundreds of thousands of employees who lost their jobs but not the millions who are discouraged and dropped out of the labor force. Aren't those people unemployed? I have posted the bls charts but you ignored them. Why are there fewer people working today than when the recession began? How many of those so called jobs created during this Administration are part time jobs?

    You want to continue to focus on jobs lost but the jobs lost during the Bush years PLUS the discouraged workers still don't come close to what Obama has generated.
    What is it about people like you who just don't get it. Obama has made a fool out of you and you continue to promote his economic results.
    You keep talking about Obama, but fail to recognize that his policies are 99% the same as the Bush Policies. There is little difference.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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