Page 54 of 64 FirstFirst ... 4445253545556 ... LastLast
Results 531 to 540 of 636

Thread: Wal-Mart: Our shoppers are 'running out of money'

  1. #531
    Sage

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

    Re: Wal-Mart: Our shoppers are 'running out of money'

    fyi:

    there's been a lot of congressional movement on the drilling front this week, and this morning president slasher dropped a bombshell in what for generations has been called the president's weekly radio address

    it went like this:

    first, the senate hauled the big 5 before baucus' finance committee to dig at those insidious subsidies

    Democrats, oil executives face off at hearing - Darren Goode - POLITICO.com

    mr's shell and exxon kicked back consistently---cutting our breaks will kill jobs and increase pump prices

    the proceedings got a bit preposterous

    From ponies to unicorns, oil hearing is a zoo - Darren Goode - POLITICO.com

    bottom line: cuzza republicans and "oil state democrats" the plan is "likely to sink in the end"

    landrieu was the loudest

    RealClearPolitics - Video - Dem Senator: "Ridiculous" To Take Away Oil Subsidies

    meanwhile, downstairs boehner's boys and broads tallied their trifecta---three drill bills for alaska, the california coast, the atlantic and gulf

    House completes oil drilling trifecta - Dan Berman - POLITICO.com

    the trifecta was expected to stonewall, "the white house had announced its opposition to all three bills"

    but sometime between yesterday and this morning the slasher transformed it appears as thoroughly as ksm after a month of eit's in some secret prison in eastern europe

    today:

    Facing continued public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. Mr. Obama said Saturday that the measures "make good sense" and will help reduce U.S. consumption of imported oil in the long term. But he acknowledged anew that they won't help to immediately bring down gasoline prices topping $4 a gallon in many parts of the country.

    His announcement followed passage in the Republican-controlled House of three bills that would expand and speed up offshore oil and gas drilling. Republicans say the bills are aimed at easing gasoline costs, but they also acknowledge that won't be immediate. The White House had announced its opposition to all three bills, saying the measures would undercut safety reviews and open environmentally sensitive areas to new drilling.

    But President Obama is adopting some of the bills' provisions. Answering the call of Republicans and Democrats from Gulf Coast states, Obama said in his weekly radio and Internet address that he would extend all Gulf leases that were affected by a temporary moratorium on drilling imposed after last year's BP oil spill. That would give companies additional time to begin drilling.

    The administration had been granting extensions case by case, but senior administration officials said the Interior Department would institute a blanket one-year extension. New safety requirements put in place since the BP spill also have delayed drilling in Alaska, so President Obama said he would extend lease terms there for a year as well. Lease sales in the western and central Gulf of Mexico that were postponed last year will be held by the middle of next year, the same time period required by the House. A sale off the Virginia coast still would not happen until 2017 at the earliest. But President Obama said he would speed up environmental reviews so that seismic studies to determine how much oil and gas lies off the Atlantic Coast can begin.

    To further expedite drilling off the Alaskan coast, where such plans by Shell Oil Co. have been delayed by an air pollution permit, President Obama said he would create an interagency task force to coordinate the necessary approvals. He also will hold annual lease sales in the vast National Petroleum Reserve on Alaska's North Slope.
    Obama to speed up U.S. oil production - CBS News

    encourage dependence, anyone?

  2. #532
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by The Prof View Post
    fyi:

    there's been a lot of congressional movement on the drilling front this week, and this morning president slasher dropped a bombshell in what for generations has been called the president's weekly radio address

    it went like this:

    first, the senate hauled the big 5 before baucus' finance committee to dig at those insidious subsidies

    Democrats, oil executives face off at hearing - Darren Goode - POLITICO.com

    mr's shell and exxon kicked back consistently---cutting our breaks will kill jobs and increase pump prices

    the proceedings got a bit preposterous

    From ponies to unicorns, oil hearing is a zoo - Darren Goode - POLITICO.com

    bottom line: cuzza republicans and "oil state democrats" the plan is "likely to sink in the end"

    landrieu was the loudest

    RealClearPolitics - Video - Dem Senator: "Ridiculous" To Take Away Oil Subsidies

    meanwhile, downstairs boehner's boys and broads tallied their trifecta---three drill bills for alaska, the california coast, the atlantic and gulf

    House completes oil drilling trifecta - Dan Berman - POLITICO.com

    the trifecta was expected to stonewall, "the white house had announced its opposition to all three bills"

    but sometime between yesterday and this morning the slasher transformed it appears as thoroughly as ksm after a month of eit's in some secret prison in eastern europe

    today:



    Obama to speed up U.S. oil production - CBS News

    encourage dependence, anyone?
    Obama is just placating the ignorant masses. His new policies will have zero effect on the ever changing price of gasoline. It will just stop the whiny crybabies that think we can drill our way back to 50 cents a gallon gas.

  3. #533
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 02:43 PM
    Gender
    Lean
    Conservative
    Posts
    57,107

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Lord Tammerlain View Post
    Notice I said the reagan admin and did not mentiuon the 90's or 20s or 50's
    economic law is economic law

    By the way what the 90s and 20 famous for? Stock market bubbles, fueling consumer spending
    the 1920's are not what gave us the 1930's. the government's stupid response to the 1930's is what gave us the 1930's.

    but note that you don't refute the point - when government spending (and deficits) were reduced, the economy grew faster.

    Growth led by consumer spending based on increasing debt is not healthy growth, yet it is measured as such.
    on that we are agreed. ditto for government spending based on increasing debt, with the added point that government spending also reduces private investment.

    That has been the majority of US growth in the last 30 years. Truely wealth building productivity gains in the US has been minor. Productivity gains based on financial transactions has increased, but they are not net wealth builders
    productivity gains are absolutely wealth builders. they instantly move some resources into more productive venues, and free up others to go in search of even more.

  4. #534
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    productivity gains are absolutely wealth builders. they instantly move some resources into more productive venues, and free up others to go in search of even more.
    Not necessarily. Sometimes they instantly move resources into the unemployment line. Increase in productivity lead to lower prices or higher profits.

  5. #535
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 02:43 PM
    Gender
    Lean
    Conservative
    Posts
    57,107

    Re: Wal-Mart: Our shoppers are 'running out of money'

    yes, necessarily. freed up resources don't go wander around the beach, drinking mai-tais, and thinking about calling their agent and maybe one day getting back into the game - they are ruthlessly shoved back into competition.

    but usually competition squeezes productivity gains typically into lower prices or maintenance costs. for example, we just experienced huge productivity gains over the past couple of years as businesses desperately sought ways to tigten their belts without firing people. those increases in resources went straight to maintaining the workforce. profit increases too, but first you have to remain competitive and remain in operation, and those two items have first dibs.
    Last edited by cpwill; 05-14-11 at 04:39 PM.

  6. #536
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    yes, necessarily. freed up resources don't go wander around the beach, drinking mai-tais, and thinking about calling their agent and maybe one day getting back into the game - they are ruthlessly shoved back into competition.

    but usually competition squeezes productivity gains typically into lower prices or maintenance costs. for example, we just experienced huge productivity gains over the past couple of years as businesses desperately sought ways to tigten their belts without firing people. those increases in resources went straight to maintaining the workforce. profit increases too, but first you have to remain competitive and remain in operation, and those two items have first dibs.
    What planet do you live on? The first things businesses did to tighten their belts was lay off people to cut costs. Businesses that laid off employees as a last resort were the exception.

  7. #537
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 02:43 PM
    Gender
    Lean
    Conservative
    Posts
    57,107

    Re: Wal-Mart: Our shoppers are 'running out of money'

    cutting costs =/= firing people. although sometimes that becomes necessary - it's typically one of the last things companies look at, because it involves a loss of production power, invested capital, and competitive edge; as well as destroying morale and reducing the effeciency of the remaining workforce.

    firing people first is bad business.

  8. #538
    Sage

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

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Dirty Harry View Post
    Obama is just placating the ignorant masses
    heckuva way to run a country

    especially in times like these

    leadership, anyone?

    vote obama, 2012!

    you're ignorant masses!

  9. #539
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    cutting costs =/= firing people. although sometimes that becomes necessary - it's typically one of the last things companies look at, because it involves a loss of production power, invested capital, and competitive edge; as well as destroying morale and reducing the effeciency of the remaining workforce.

    firing people first is bad business.
    People are a major cost to business. Most companies would just as soon have no employees if they could get away with it. Machines or outsourcing American workers to third world countries are the current preferred methods of cost cutting. I don't know what country you live in but that's the way it is. Companies are in business to maximize profits not provide jobs.
    I have worked for major corporations for 35 years. I have seen it all.

    PS they never call it "firing". Downsizing..........layoff.....crew adjustment........
    Last edited by Dirty Harry; 05-14-11 at 10:00 PM.

  10. #540
    Professor
    Dirty Harry's Avatar
    Join Date
    Dec 2009
    Last Seen
    07-01-11 @ 01:48 PM
    Lean
    Independent
    Posts
    1,390

    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by The Prof View Post
    heckuva way to run a country

    especially in times like these

    leadership, anyone?

    vote obama, 2012!

    you're ignorant masses!
    Man, he is doing exactly what you've been crying for him to do and you even complain about that.

Page 54 of 64 FirstFirst ... 4445253545556 ... 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
  •