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Thread: Obama Tells Companies to 'Step Up' and Hire Workers

  1. #61
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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    I'm talking ethics and ideas about contributing to society and applying it to the private sector industry - this is a common application.
    Except that what your talking about doesn't work. It sounds all nice and warm fuzzy here in a debate forum... it doesn't survive the Real World.

    Back to my point about the Two Cog Companies.

    Cog Company Acme is run by you, and you apply your standard of "Hiring at the cost of some profit" and Company Cogworks, run by me looks for ways to increase profits, draw in investors and lower costs to the consumer.

    Which company will draw in investors? The one that gives away investors money to "hire more people" or the one that increases the ROI for those that invest money?

    I'll tell ya what happens, your company loses investors. People don't invest in companies that throw away profits.
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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    Excessive profits are the kind that enable CEOs to make $15 million dollar salaries instead of hiring people who actually need money.
    That still doesn't explain, "excessive profits".


    I also want to make clear as others don't seem to understand that I'm not arguing corporations have a "responsibility" or "obligation" to anything, I'm arguing that they should in order to help the job market.
    And, you want the government to enforce that responsibility?

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by StillBallin75 View Post
    Come on apdst. You know, that the despite the liberal that I am, that I'm not anti-business. But let's be fair here.

    When businesses don't hire even though they can, it's not their fault. But it's somehow Obama's fault that they don't and that the unemployment rate is 9%.

    Through over-regulation, threats of higher taxes, job killing regulations, yes he is. Believe it, or not, the drilling ban didn't create a single job.

    If you're going to say it's the nature of the beast to not hire until they need to, that's fine, but at least let's be consistent and stop blaming Obama for the jobs picture. Corporations are sitting on a pile of liquid cash, so they have the resources but aren't hiring. That's fine, I don't blame them. But I don't see the need to repeatedly demonize Barack for the jobs picture either since the resources are there for hiring, it's just not happening yet.
    If Obama's anti-business agenda wasn't injecting so much uncertainty into the private sector, these companies would be spending that money, rather than rat-holing it in preparation for Obama's next dumbass move. The drilling ban is a good example. If I hadn't had as much cash in savings as I did, I would be out of business by now. The only problem, is that that money is nearly gone and no relief in sight. This time next year, I might have to put 5 men on the street, without a job and go find a job for myself. The reason these companies are sitting on that money, is so they can keep the doors open in the future, because they don't know how much more Obama is going to **** up the economy. If he raises taxes, they're going to need that money to pay them.

    Wasn't it you that said that the government can't create jobs, but it can institute policies that effect job creation? You and I agreed on that, if I recollect.
    Last edited by apdst; 05-12-11 at 12:16 PM.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by apdst View Post
    That still doesn't explain, "excessive profits".
    Okay, "selfish use of profits" is probably better for this example.

    And, you want the government to enforce that responsibility?
    Nope.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    This is my point. Obama is blamed for the unemployment rate, but the businesses who can employ people are not.
    Does that mean that it's not Bush's fault that the economy went into the ****ter?

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by MrVicchio View Post
    Except that what your talking about doesn't work. It sounds all nice and warm fuzzy here in a debate forum... it doesn't survive the Real World.

    Back to my point about the Two Cog Companies.

    Cog Company Acme is run by you, and you apply your standard of "Hiring at the cost of some profit" and Company Cogworks, run by me looks for ways to increase profits, draw in investors and lower costs to the consumer.

    Which company will draw in investors? The one that gives away investors money to "hire more people" or the one that increases the ROI for those that invest money?

    I'll tell ya what happens, your company loses investors. People don't invest in companies that throw away profits.
    I'm not talking about throwing away profits. I'm talking about not taking a $15 million dollar bonus when you can afford to hire people who need the money. I'm talking about companies whose quality of service is down because they are down to the bare minimum of employees (something investors also don't want to invest in), but who take that $15 million instead of hiring more regular employees.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    Okay, "selfish use of profits" is probably better for this example.


    Well, this is a free country and if those companies want to pay a CEO $15 million, then that's their right...and I see no reason to change that.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by apdst View Post
    Through over-regulation, threats of higher taxes, job killing regulations, yes he is. Believe it, or not, the drilling ban didn't create a single job.



    If Obama's anti-business agenda wasn't injecting so much uncertainty into the private sector, these companies would be spending that money, rather than rat-holing it in preparation for Obama's next dumbass move. The drilling ban is a good example. If I hadn't had as much cash in savings as I did, I would be out of business by now. The only problem, is that that money is nearly gone and no relief in sight. This time next year, I might have to put 5 men on the street, without a job and go find a job for myself. The reason these companies are sitting on that money, is so they can keep the doors open in the future, because they don't know how much more Obama is going to **** up the economy. If he raises taxes, they're going to need that money to pay them.

    Wasn't it you that said that the government can't create jobs, but it can institute policies that effect job creation? You and I agreed on that, if I recollect.
    the purpose was to prevent future massive oil spills

    how many of those were prevented, in the wake of the deepwater tragedy
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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by justabubba View Post
    the purpose was to prevent future massive oil spills

    how many of those were prevented, in the wake of the deepwater tragedy
    So you agree with Bill Maher when he said, "**** your jobs"?

    Libbos can't exactly bitch about the lack of jobs, when The Messiah directly killed job with dumbass decisions.

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    Re: Obama Tells Companies to 'Step Up' and Hire Workers

    Quote Originally Posted by theplaydrive View Post
    If the reduction in profits doesn't harm the function of the company and its ability to grow, then they can and should hire more people.

    Like I said, they should hire more people when it won't harm the function of the company and its ability to grow. Many companies had to stretch their employees thin when the economy tanked and I would argue they "needed" to hire more people then to provide quality service. Now that the economy is getting better, some companies are still stretching their employees thin when they can afford to hire more people - this is what I have a problem with. When I see CEO's with $10 million compensation, I have a problem.
    When a company increases its cost structure, it needs to at least offset those costs to the extent that it covers its cost of capital. That's why expectations concerning the magnitude and persistence of growth in aggregate demand for its products/services are so important. Failure to pay attention to the cost structure--and such complacency takes hold during long periods of economic expansion--lead many companies to face crises when the economy slows/contracts or industry growth slows as profit squeezes or losses develop. In such cases, painful restructuring often becomes necessary. Some companies don't survive.

    Today, many companies are hiring. Others are still laying off workers. Regularly reported industry statistics show where hiring is/is not taking place. Some year-to-year statistics (April 2010-April 2011):

    Professional business services: +3.1% (many of these workers are "knowledge" workers and the same pattern holds true for other knowledge-intensive industries)
    Financial Services/Insurance: -0.5% (still contracting from the scale reached, in large part, on account of the housing bubble and related financing activities)
    Durable Goods: +3.0% (manufacturing has rebounded; durable goods have benefited from capital investment by businesses and export growth)
    Logging: -6.1% (housing-related contraction continues)
    Mining: +13.0%! (huge growth in demand for commodities domestically and internationally as economic activity recovers and the rapid growth in the BRICs continues)
    Construction of Buildings: -2.3% (real estate-related contraction--commercial and residential--continues)

    At last word, there were 3.124 million job openings nationwide. Mismatches between skills (job requirements and skills of the unemployed), geographical mismatch (between location of job openings and residence of unemployed), etc., limit how quickly overall employment will increase. Aside from industry developments, one should keep in mind that some states are at full employment so to speak e.g., Nebraska had a 3.6% unemployment rate in March. Others have very high unemployment rates e.g., Nevada had a 13.2% unemployment rate in March.

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