Page 3 of 7 FirstFirst 12345 ... LastLast
Results 21 to 30 of 64

Thread: Jobless rate tops 10 pct. for first time since '83

  1. #21
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:16 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,491

    Re: Jobless rate tops 10 pct. for first time since '83

    That Stimulus package id doing a helluva job of fixing the economy.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #22
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Today @ 04:49 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by Erod View Post
    Simple.

    Lower taxes on businesses, which reduces their risk dramatically, and makes it more feasible for them to EXPAND their businesses, which results in lots and lots of new hires.

    When you threaten to raise their taxes, it makes them lay off more people and operate ultra-lean in order to make a profit.

    That's why so many companies are showing profits. They've reduced their workforce by 25 percent and decided to "tread water". The risks are too great with what Obama is trying to do to hire people and expand into new markets.

    That's what we did last year at my company. We "streamlined" our workforce to prepare for the extra burdens we may face from the tax increases on businesses, and the capital gains rate changes that might result in a negative volume shift in our stock (people selling their stock before it hits).
    Why does the American right always go for the "lower taxes" crap? It is so funny, that on one hand you are complaining about the budget deficit (only when you are not in power of course) and then you are willing to INCREASE that deficit by cutting taxes....

    The problem from the offset for small business and any business was the credit crunch. While the credit crunch is not as bad as it was a year ago, it is still around for especially smaller business. And without credit, no business can expand and in many cases even provide day to day capital for things like wages.

    And you company cut jobs to "prepare for extra tax burdens"? LOL yea right. A company cuts jobs for two reasons. Either the orders have dried up and they dont need the workers, or they want to improve the balance sheet for the shareholders and a quick and easy way of doing that is cutting the work force, the biggest (usually) cost of them all. But cutting jobs to prepare for a mythical right wing inspired tax hike? give me a freaking break.
    PeteEU

  3. #23
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Jobless rate tops 10 pct. for first time since '83

    1. and ms p is to put her prodigious piece on the carpet tomorrow

    2. such incompetent political leadership this nation has ever seen

    3. the prez promised with his stimulus we'd top at 8%

    4. he bailed out the top and left the bottom to fend for itself

    5. he (actually, ms p did it, she's the one who wrote the "stimulus") socialized the losses of the too-bigs-to-fail and privatized their gains

    6. ask msnbc's dylan rattigan, he's outraged

    7. it's still as clear as stanley mcchrystal---had the stimulus devoted even a portion of its 787B to payroll tax cuts, we'd be out of this mess by now

    8. econ 101 says jobs growth comes from new biz STARTS, not expansions

    9. the all-inclusive climate of taxes, fines and mandates contained in cap and trade and obamacare creates a depressive psychosis of effectual freeze relative to biz start-ups

    10. counting the underemployed and those who've given up, we're at 17.5%

    11. with the highest concentration very notably in our bluest states

    List of U.S. states by unemployment rate - Wikipedia, the free encyclopedia

    12. 5.6 million have been out of work 6 months or more, 36.5% of our unhappy neighbors and friends, another rueful record

    13. the last time we were here, 1982, saw the following year 8% gdp growth in 1983

    Jobless rate tops 10 pct. for first time since '83 - Yahoo! Finance

    14. the stimulus is a disaster, it's all about tunnels for turtles, snow machines for wisconsin, studies of radioactive rabbit droppings

    OVN

    15. ie, the worst of business as usual pork, all earmarked up

    16. what else would you expect when you let ms p and her partisan pals in lower parliament pen the piece

  4. #24
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by Erod View Post
    Simple.

    Lower taxes on businesses, which reduces their risk dramatically, and makes it more feasible for them to EXPAND their businesses, which results in lots and lots of new hires.
    I agree and it seems to happening:

    The National Retail Federation welcomed today`s passage of legislation that will
    bring recession-plagued retailers and other businesses more than $10 billion in
    badly needed cash by lengthening the period during which they can "carry back"
    current losses to claim a tax refund from previous years when they made a
    profit.

    "This legislation will provide retailers with an important source of capital to
    finance their operations and keep employees on the payroll," NRF Vice President
    and Tax Counsel Rachelle Bernstein said. "Because retail sales have fallen so
    dramatically over the past year and access to capital has been so limited,
    retailers are experiencing severe challenges in finding the cash they need to
    operate their businesses as the economy moves toward recovery."
    NRF Says $10 Billion Business Tax Refund in Unemployment Bill Will Help Save Retail Jobs | Reuters
    I also think it is extremely important to get the credit markets working again. I am eagerly awaiting for the report on consumer credit at 2:00pm today. W/O people spending money there will be no bounce back for employment.

  5. #25
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by winston53660 View Post
    Shrug so conditions change
    shrug?

    such stunning insensitivity

    why don't you give a shout out to dr crow?

  6. #26
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:16 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,491

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by PeteEU View Post
    Why does the American right always go for the "lower taxes" crap? It is so funny, that on one hand you are complaining about the budget deficit (only when you are not in power of course) and then you are willing to INCREASE that deficit by cutting taxes....

    The problem from the offset for small business and any business was the credit crunch. While the credit crunch is not as bad as it was a year ago, it is still around for especially smaller business. And without credit, no business can expand and in many cases even provide day to day capital for things like wages.

    And you company cut jobs to "prepare for extra tax burdens"? LOL yea right. A company cuts jobs for two reasons. Either the orders have dried up and they dont need the workers, or they want to improve the balance sheet for the shareholders and a quick and easy way of doing that is cutting the work force, the biggest (usually) cost of them all. But cutting jobs to prepare for a mythical right wing inspired tax hike? give me a freaking break.
    Yeah! How stupid of us to want to keep our money, vice giving it to the government to blow on enititlement programs for the welfare class. Why the hell should we want to keep it? I mean we only worked our asses off to earn it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  7. #27
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by PeteEU View Post
    Why does the American right always go for the "lower taxes" crap? It is so funny, that on one hand you are complaining about the budget deficit (only when you are not in power of course) and then you are willing to INCREASE that deficit by cutting taxes....
    I do think it is important to find ways to free up capital at this point in time. A tax increase would be a big no no IMHO at this point in time.

    The problem from the offset for small business and any business was the credit crunch. While the credit crunch is not as bad as it was a year ago, it is still around for especially smaller business. And without credit, no business can expand and in many cases even provide day to day capital for things like wages.

    And you company cut jobs to "prepare for extra tax burdens"? LOL yea right. A company cuts jobs for two reasons. Either the orders have dried up and they dont need the workers, or they want to improve the balance sheet for the shareholders and a quick and easy way of doing that is cutting the work force, the biggest (usually) cost of them all. But cutting jobs to prepare for a mythical right wing inspired tax hike? give me a freaking break.

    I think we need to get the credit markets working again.

  8. #28
    Sage
    Oftencold's Avatar
    Join Date
    Dec 2008
    Location
    A small village in Alaska
    Last Seen
    05-09-14 @ 12:53 AM
    Gender
    Lean
    Very Conservative
    Posts
    5,044

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by winston53660 View Post
    So in regards to unemployment what alternitives would you propose?
    First and foremost, cut taxes, eliminate most regulation, severely punish actual crimes.

    Second, i would pass a constitutional amendment barring Federal interference in the education of minors, since people grounded in reality reject quasi-socialist schemes which have brought us to where we are, but tend to empower centralized authority.

    Also, I'd encourage the public to accept that there is no such thing aqs a company that is "too big to fail."

    And finally, I'd alter the law, to recognize extortion by another name: unionization.
    Quod scripsi, scripsi

  9. #29
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 07:00 PM
    Lean
    Conservative
    Posts
    13,072

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by PeteEU View Post
    Why does the American right always go for the "lower taxes" crap? It is so funny, that on one hand you are complaining about the budget deficit (only when you are not in power of course) and then you are willing to INCREASE that deficit by cutting taxes....
    This has been proven time and time and time and time again. I don't know why this is so hard to grasp for so many.

    Quick, would you rather have 10 percent of $20, or 9 percent of $30? The latter, of course.

    The more revenue a company makes, the more there is to tax. The more PEOPLE that company employs, the more income there is to tax. The more money being paid to people, the more they buy, which raises revenue where they buy, which means more to tax. So the lower the tax rates, the lower the tolerable risk; and the lower the risk, then more risk companies are willing to take.

    Alternatively, when you raise tax rates (and threaten to raise them even more), the tolerable risk of companies does not allow them to commit to growth in staff and facilities, which also are subject to those higher taxes.

    Lowering tax rates increases tax revenue for the government and DECREASES the deficit. It's been proven again and again.
    Last edited by Erod; 11-06-09 at 12:15 PM.

  10. #30
    Professor
    Marilyn Monroe's Avatar
    Join Date
    Jun 2006
    Location
    Tennessee
    Last Seen
    03-06-14 @ 03:20 PM
    Gender
    Lean
    Conservative
    Posts
    2,137

    Re: Jobless rate tops 10 pct. for first time since '83

    Quote Originally Posted by PeteEU View Post
    Much of the reason that % unemployment jumped was a statistical one. The over all worker pool in the statistical model shrank yet again while the number of unemployed raised a tad. This means that the % would rise relative more, which it did.

    Basically it means, that people dropped out of the worker pool because they gave up looking for work according to the statistical model. Does not mean they are not unemployed any more, just that they are not counted as such.
    So this means that the unemployment rate is even higher?
    "It's not that I'm afraid to die, I just don't want to be there when it happens." Woody Allen.

Page 3 of 7 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •