View Poll Results: Unemployment....why???

Voters
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  • Conservative policies

    22 16.18%
  • Liberal policies

    83 61.03%
  • both

    22 16.18%
  • our greed

    21 15.44%
  • other, please explain.

    26 19.12%
Multiple Choice Poll.
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Thread: Why the unemployment? A poll

  1. #41
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    Re: Why the unemployment? A poll

    Obama has created too much uncertainty in the private sector. Businesses aren't going to spend money to expand what with regulation after regulation coming down the pipe from the government. First, we got the Obamacare bill, with no telling how many new tax laws hidden within it; now, we have the financial wrecking bill and only God knows what's in that piece-a-crap.
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    Re: Why the unemployment? A poll

    In a nutshell, it's because of the federal minimum wage law, regulations on business, the fiat currency we use, the entire warfare/welfare state, and the over-taxation of the people from goods to owning property to working.

  3. #43
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    Re: Why the unemployment? A poll

    Minimum wage, welfare (and other social spending), uncertainty coming from Washington (i.e. tax hikes, spending policies), unemployment benefits, etc.

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  4. #44
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    Re: Why the unemployment? A poll

    I said "our greed." Corporations spent the last almost thirty years seeking "economies" and "synergies" through outsourcing and layoffs and by paying the workers who were left a small fraction of what they paid executive "talent." Collectively, the serfs (working stiffs) took on a consumerist mindset in which they never saved an acorn their lords (corporate masters) tossed them. For many of us among the more affluent, it was all about the here and the now: the bigger SUV; the house in the burbs with the hot tub and the wet bar that were the envy of Mom and Dad; the cruises to Mexico and the Caribbean--all paid for with borrowed money. But no problem--saving was for chumps; they'd make it all up in the stock market or by selling their homes to greater fools or, as a last resort, by taking out a HELOC against their home equity.

    Investment banks weren't satisfied with the incomes they made helping companies raise capital by selling stocks and bonds. They set up M&A departments so they could advise the "talent" on the best way to achieve those "synergies" and "efficiencies," usually by advising the "talent" to borrow huge sums of money from the few chumps who actually dared to use banks as a place to save money. The "talent" would pay for the "deal" later by selling off pieces in fits and starts. If some people had to lose their jobs during the adjustment process, well, too bad; that's just the way the Darwinian cookie crumbled. The investment bankers decided they could make even more money by creating and selling esoteric derivatives--LEAPS and swaps and forwards and backwards and upside downs--that even they didn't properly understand. They set up proprietary trading departments to buy and sell securities at speeds and volumes that would make a craps player at Caesars wince. Then the commercial and retail banks saw the money being made and decided they wanted in on the action, so they lobbied Congress to get rid of Glass-Steagall.

    Unfortunately, things didn't quite work out the way people expected. Home prices cratered, real incomes stagnated, and, while the executive "talent" took a bigger chunk of the pie, they couldn't make the S&P 500 budge in ten years. So much to adding to shareholder value. Meanwhile, the debt hangover has left us with 54 trillion reasons why demand will be flat and the word "stock" will be a dirty word for years to come.

    This unemployment thing goes way beyond labels like "conservative" or "liberal." We're all to blame in one way or another.
    Last edited by Ahlevah; 07-18-10 at 12:49 AM.
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  5. #45
    warrior of the wetlands
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    Re: Why the unemployment? A poll

    Quote Originally Posted by lizzie View Post
    It seems to me that the very reason our growth in wages has been poor is because of overseas competition. We have now become a part of the global economy, and our economic system in general can't compete. We import cheap Chinese (and other) good because the general population wants cheap stuff. American corporations and manufacturers can't compete with cheap wages overseas, so their only viable option is to ship the manufacturing overseas so that Americans will buy their goods. In going global, we have really screwed ourselves in a way. People can't find good jobs here, because they want cheap crap, but they don't want to pay fellow Americans to produce it.
    dems make america a rather inhospitable place to do business.



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    Re: Why the unemployment? A poll

    Quote Originally Posted by TurtleDude View Post
    dems make america a rather inhospitable place to do business.
    Now, now it's not just the dems, but the repubs have a lot to do with it.

  7. #47
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Cephus View Post
    It's not that difficult. We just have to pass a law that any American company must follow American labor laws no matter where in the world they have their manufacturing facilities. That means they have to follow the same wage, environmental and labor laws anywhere they are. They can't pay Chinese children a few pennies to make things, then spill toxic waste into the river. It'll make it unprofitable to go overseas and they'll bring their operations back home.
    unconstitutional and unworkable



  8. #48
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    Re: Why the unemployment? A poll

    I partially blame the unemployment on our insatiable appetite for cheap, ****ty goods from foreign countries.

  9. #49
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    Re: Why the unemployment? A poll

    Americans have taken on too much debt ove the last 30 years, causing excess demand during those years. Now as Americans have to pay back that debt, it is leading to reduced demand, reduced demand means a lower requirement for people to supply good and services, meaning job loss's
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  10. #50
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    Re: Why the unemployment? A poll

    Quote Originally Posted by megaprogman View Post
    I think our biggest problem is overseas competition and the fact that companies are not penalized for shipping jobs overseas. We are divulging between two economic classes, the very rich and everyone else, and our current recession is caused by the fact that the diverging economy cannot keep demand up. We have been trying to use credit since the 80s to make up for the lack of growth in our wages and we simply are to the point that we cannot borrow any more, which caused the economy to be unhealthy enough that this recession was worse than it could be.
    Competition is NEVER a problem.

    If companies can't compete and send goods to the market at a lower cost than their competitors, they rightly deserve to go out of that business.

    What are we divulging between the classes? BTW, nice how you lumped the lower quintiles into one group, as if the middle class has the same economic standards and potentials as the illegal alien fruit pickers.

    We've been watching our credit be abused to provide services the government is not supposed to be providing. If individuals are foolish enough to spend beyond their means, they eventually get what they deserve.

    The same is true of governments that are similarly reckless.

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