The jobs report that came out today is dismal.
Employers added only 18,000 jobs.
Government shed 39,000 jobs.
And here's the kicker:
"Two years after the recession officially ended, companies are adding fewer workers despite record cash stockpiles and healthy profit margins."
So clearly, the money is there to invest in job creation. But instead, they're sitting on their hands while the unemployment rate goes up to 9.2%. Nice!!
Obama has ideas on how to stimulate job growth, but guess who is dragging their feet and saying NO?
And do we think these jobs would somehow magically appear in 2012 IF they get the White House away from Obama? Hell NO!
Wasn't the various stimulus packages, new regulations, government hiring incentives, continuous Barry beat downs all supposed to make companies hire? When will liberals learn that governments cannot improve economies, They either insure their freedom or wreck them. Liberal governments wreck economies. Businesses are not spending precious cash because it will be needed to pay for the increased insurance costs sure to follow full implementation of Barrycare.
The constant changes flowing from the golf addled mind of Barry Obama have destabilized the economy. This destabilization reared its ugly head last week with the golfer's attack on corporate jets. How many more jobs does he have to kill in places like Las Vegas before liberals recognize that they have no clue how an economy works. Barry has never run anything but a basketball floor but liberals believe that the billions of daily decisions made in an economy can be better made from Washington D.C. and best made by the name caller in chief.
Job growth will continue its downward spiral as the recession lurking beneath the Quantitative Easings and bogus deficit based economy reemerges. Barry has done little more than re-inflate the biggest bubble economy ever and waits and blames as it grows thinner and thinner.
When it bursts I hope you have some rice and beans stored up because food is already showing signs of the coming inflation. Liberals just cannot wrap their mind around the FACT that businesses are not the enemy but vast and powerful governments - like way back in 1776 - are. But that is dead white man's history and those guys were all slave owners and hated women and more self loathing liberal mindless rambling clap trap.
If you want to live prosperously live freely and one cannot live freely in a vast centralized state. Just ask my friends who survived Stalinist Russia, Maoist China, Nazi Germany, Castro's Cuba, Caucescu's Rumania or Barry's America.
My grandfather came here to escape Stalin, and if he read what you just wrote, he'd have to _____ I can't say what I feel..the righty's would surely pounce.
You compare Obama to Stalin?
There is nothing worth discussing with anyone that feels that way.
As a grand-daughter of a man whose family was put in bondage by Stalin--you ought to be ashamed of yourself.
You can keep your "precious" money--when you die, it won't help you one bit.
I am not at all ashamed of comparing American liberal extemists to Stalinists except to say further that at least Stalinists were tougher. I have a friend who watched the Russia Communists kill his father and brother when they invaded Lithuania. He came here and worked with the CIA in Korea - he would agree with me about Barry. As would my friend who survived the Nazis in Greece. As would my friend who escaped Vietnam at the fall. As would my friend who survived Ceaucescu's Rumania and her husband may be even more anti-Barry than I am.
So you go ahead and wallow in your hatred of liberty in favor of some proto-Fabian fantasy that Barry will come save you from your own poor choices. I will work like I always have. See you in the potato line, Comrade.
Proto-Fabian fantasy! Whoa, Uncor-. That's some nifty writing there. I sense a screenplay in the works.
YOU are the one who's spewing hate my friend...AT the American President.
So, get your story straight.
Hello there UV. Thank you for your opinions although I must tell you the useless labels, name calling, and rhetoric without substance is not very convincing. To imply some one is lacking because they don’t agree with you is counter-productive to say the least.
Still, permit me share some FACTS with you:
1. There has been an avalanche of corporate earnings reports revealing most banks and corporations have enjoyed record-breaking profits during the last two years.
2. The Dow Jones Industrial Average has risen from 8,000 on Jan. 30, 2009, following President Obama’s inauguration, to close at 12,657 on July 8th, 2011. This indicates a return of 50+% to investors in just 2-1/2 years.
3. The Washington Post (Jan. 2, 2010) reported “There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent.”
4. During a recent Bloomberg sponsored survey, 78% of the Americans sampled attribute the major cause for the high unemployment rate to U.S. companies having sent jobs overseas.
5. Banks and corporations support both political parties and their candidates. They are currently sitting on huge capital reserves skimmed from government handouts, and they are continuing to reap huge profits from having sent their manufacturing and service jobs offshore.
Obviously, profits do not create jobs. Expansion creates jobs but not for American workers. This all leads me to think high unemployment will remain until the comparative costs for producing in the U.S. entices businesses to bring the jobs back from offshore. I also think it would be unfortunate for the country if Americans forgot about the robber barons of 100 years ago and the struggle to enact anti-trust legislation to rein them in. In business, profits are valued higher than compassion. I would be uncomfortable in a society where business was unchecked.
Again, UV, thanks for your viewpoint.
I don't really care about making progress with liberals since there is no shared universe of discourse. The name Robber Baron regarding American affairs is a term of derision used during the last Great Democrat Economic Take Over in the 1930s. The term Robber Baron labels successful business people who prospered during FDR's destruction of the economy in a way to paint them as villains. I suppose that given the conditions in the economy today Barry will be using it any day now - that is if he already hasn't. He does have a penchant for name calling.
The original Robber Barons constructed castles and fortresses over looking the Rhine or commanding an unobstructed view of a major road. They used threats of force to demand tribute for safe passage. Let's remember Medieval Barons were members of the feudal governmental structure and resemble Congress in their conduct. There is no treasure that Congress cannot claim.
As for jobs being sent over seas, this is a prevalent misconception. Some jobs leave the country, many come back. The typical manufacturing job that leaves is low skill or high labor. The information based economy here has grown while the light bulb, CRT Television and shoe industry has left. If Barry wants quality jobs to return he must do things that no Democrat is willing to do.
Cut taxes. Reduce regulation. Stabilize economic policy. Most importantly of all, learn how a free market economy works.
As for anti-trust issues. Monopolies do not work without government cooperation. The sugar lobby in the United States to this day has friends in Congress who protect its interests. Without a corrupt government monopolies are typically undone by the innovations endemic to a free market. Just a couple of years ago Olivette controlled over 75% of its market place and the government did nothing - why? The answer is some monopolies are more equal than others. Olivette made electric typewriter long after the introduction of the computer and printer. Why was nothing done because no one really cared. Not really an anti-trust law but more like an anti-market patience law.
I would be uncomfortable in a country where people believe that vast governmental bureaucracies are more compassionate than businesses who have many people they must satisfy to remain profitable. Bureaucracies tend to be self sustaining, impersonal and seek only to satisfy rules and procedures. So it appears you will remain comfortable as business is further folded into the State while my discomfort will continue to grow.
"Most importantly of all, learn how a free market economy works."
Obama knows exactly what he's doing. He is a globalist -- meaning that his intent is to downgrade rich countries while elevating poor nations so there is parity among all. This has always been the liberal's vision. And with mass migrations everywhere the timing for this socialist utopia couldn't be more perfect. To the liberal mind, all this sputtering about jobs is more of an annoyance than anything else. And the end (destruction of America) justifies the means (all nations being equal).
The problem with the liberals' vision of utopia - it is a fantasy that requires brutality. The mass starvation, gulags, mental hospitals, re-education camps and work camps are all required if the faintest imitation of their utopian fantasy is to be achieved.
Just ask the Kulaks.
Get in the 21st century....
Stop living in the past...stop trying to bring us BACK to the past.
We are moving onward and upward. No utopia...just SHARED input into this country, rather than highway robbery at the top.
It's not rocket science. ANYONE can see the damage Repub policies have wrought.
Krissakes!! It's like pulling teeth to get these guys to pay up!
Hoarders and Misers......what kind of psychology paper that would make.
LMC: The problem with this utopian dream is that, in the history of this planet, shared vision equates to distribution of wealth which in turn leads to caretaker governments. And the concept has never worked. Never. There have always been those who lead while others follow, those who create jobs as others supply the labor. Absolute equality among all has limits -- we are not all equal and never will be. Are there abuses at the top? Yes. But how many liberals at the top are feeling the pain of the common man?* Three years of OPR (Obama/Pelosi/Reid; five years if you consider the Dem Congress controlling Bush) have brought this nation -- and the world's economy -- to a dead stop. Republicans mean jobs while Democrats equate to massive spending leading to debt and destitution.
*To illustrate my point try this exercise: Place a tape measure around the stomach of a union leader, then measure the stomach of a nonunion business owner. Striking, isn't it?
Thanks again, Uncorrected for your reply. I really do find your viewpoint interesting even though you said "I don't really care about making progress with liberals." I suppose you meant me. Your willingness to live in a society ruled by corporate boards of directors you didn't choose is noted. I respect your position and the thinking behind it. I'm a capitalist too but I have seen too many businesses send quality jobs to foreign labor markets, beg for taxpayers' subsidies because "they are too big to fail", accept government bailout money, and then give their executives huge bonuses. There are too many examples of pursuing greed not profits. I have no respect for today's collective corporate culture. Do you? Unbridled corporations are as dangerous to liberty as unbridled governments. I'm opposed to both with equal vigor. But, I would rather vote for the people who represent me than punch their time clock.
These are but a few events that shape my opinions. Hope you are enjoying your weekend too.
I must admit, you are a polite person. Check this response. It is the involvement in business that has caused the distortions that you identify. Government does the bailing out and the over regulation. I accept the idea that there is a distortion in how businesses operate but isn't every distortion from the interaction between government and business?
Many conservatives were shouting "let it burn" in early 2008 when GWB pushed for bailouts for some companies like Bear-Stearns. If government let the marketplace eliminate the stupid or corrupt rather than insulate them then the economic recovery would have already begun.
It is when government picks winners and losers that businesses become even more corrupt. Ultimately it is the insinuation of government into the market place out side of its legitimate role that distorts all relationships. When government confines its activities to working at keeping the economy stable while preventing force or fraud that an economy works best. When was the last time the government did that 1960?
Businesses should be treated in the same way we would treat an individual. As individuals should we not be unbridled? Isn't a bridle and a shackle, regarding liberty, the same thing? We are expected to behave ourselves as members of a civilized society. This expectation does not mean our homes are inspected, our activities continually monitored, vast amounts of paperwork and bureaucracy heaped upon us in our daily lives. However, if we act as savages then we can expect government to step in. This is the responsibility of government.
When we saddle business we also distort the role of government. Can individuals expect to remain free when government is unbridled. We have ample examples of government out of control and slaughtering millions. Has unbridled business ever rounded up and slaughtered millions?
The problem is the shareholder capitalism in the US, only focused on getting the most profit in the shortest period of time.
What about trying a little stakeholder capitalism? Would certainly require a different mindset for most of the American people. Would require long term thinking, something absolutely uncommon in private sector (the CEO looking for his incentive on quarterly earnings) or public sector (elections all 2 years).
Stakeholder capitalism works extremely well in old decadent Europe. Why not adopt some of that mindset?
The GOP is acting against the interest of working Americans but that is no surprise.
I work. I work everyday. I work hard everyday. I spend more on food and gas and worry about whether the company I work for is going to be crushed under Demcrat ignorance of how economies work.
When the Democrat Party attacks business it attacks my job. I didn't create my job someone else did. Someone with much more money. My job was created by a group of investors putting together an even larger corporation.
The ignorance of Democrats on how money and markets work threatens my job. I punch a time clock. I am a working American and I have never felt more threatened. Not even Jimmy Carter, the worst President of the last century, threatened the economy as much as this President.
The only way this century will see a worse President is...I guess there is no way this century will have a worse President. Way to go Barry sewing up the title with over 90 years to go.
What makes anyone think that government has the ability to make private sector jobs appear?
Government cannot spend properly.
Government cannot handle the economy properly.
Government cannot police companies properly.
Government cannot police citizens properly.
Government cannot do what is in the best interest of society(more likely don't care to do so).
Government cannot regulate anything properly.
I mean, when are people going to wake up?
I cannot speak to large corporations but I can opine on small business'. Available credit has been shut off, so the small business owner is unable to expand their business.
Even rock solid business owners are having their available credit rescinded. Not new credit but already existing lines of credit.
I know several small business owners that are salivating over the opportunities available with no way to make a financial move.
I can attest to this! I'm having to turn away business because I just can't handle the inflow of potential clients. Actually, I have to send them to colleagues for a dismal referral fee. There is so much that I could probably hire or 3 full time employees and a bookkeeper/office help. I'm banking a portion of what I will need to expand but I don't see that happening for at least a year. In a way, this is good for me because at that time I won't be under the thumb of some loan, but then again, I'm losing out on clients that could become long term repeat clients.
I run my business out of my home but if I wish to expand I need proper office space, licensing for the new employees, insurance, plus all the state and federal compliance issues.
I am not saying it is the government's job to create jobs.
Just the opposite.
Obama is trying to offer incentives for businesses to hire, but GOP says no.
Who are the big business owners? Which party do they support?
Who do they want to see fail?
And they don't care how many Americans they ruin in the process.
Surely it is not Obama's fault that credit has dried up. It hasn't dried up! There is tons of money to lend. The banks have just done a 180 in terms of way too lax before and way too strict now. They are the problem. I wish there were other places for business owners (not to mention those of us who would love to take advantage of record low housing prices and buy!) could obtain credit.
It sucks all the way around is what it does.
That's right. He's bending over backwards for them, but it's never enough. They do not want to give an inch. Nada. Zilch.
Here's what I think: They are waiting til things get really really bad, then we will beg them to hire people, and we won't care if it's at $5.00 and hour. And by that time, the R gvr's will have outlawed collective bargaining, so we will have no power to leverage with, so we will have to take whatever the money-men dish out.
Then they will cry that it's too expensive to move jobs back here from overseas, so after they already got tax breaks to move the jobs over seas, they will then get yet more breaks to bring them back!
And the America so many fought and died for...including my grandfather....the America that believes in giving equal opportunity for all will be dead and buried.
And out will pop the Feudal Oligarchy and the serfs.
I think you should apologize for using the word "think" instead of feel. Because hatred is a feeling and it oozes from you whenever someone mentions business. Look around you. There isn't a single thing you have that didn't come from a business.
Do you read yourself? Here is a $1200 tax credit to hire someone at $25,000 a year - which, by the way will actually cost $40,000 a year because of all the massive disincentives and regulations we have been heaping on you for decades - now go hire a bunch of people. That works so well.
The only incentive a business requires to hire or a lender needs to lend is a stable economic atmosphere.
Barry has been destabilizing the economy every day since his inauguration because he loathes businessmen, economics, free markets, and everyone's wealth but his.
Mighty Mom, Don't you remember Ross Perot talking about that sucking sound? I think he was referring to that sound coming from two directions.
First from our corporations sucking cheap illegal labor into the country, then other countries sucking our manufacturing base out of the country. That's where the jobs went.
Everyone is waiting for the good jobs report,guess what, there won't be one. Why? because we don,t manufacture anything but debt.Wall St doesn't create a lot of jobs,some will be created as a way to invest but otherwise no, so stop holding your breath.We need to make things we use,period.The manufacturer of (I think) it was the Chi hair straightener said last year he was bringing his manufacturing Back to the US because he could pay workers $15 a hour and make money because shipping from China would cost him more.Where are any American's with a set and some money that are willing to help this country.Keep your company private ,manufacture here and tell Wall St crooks and the rest of the world piss off.Do you really want board members telling you what to do after all of your hard work?
"I have a friend who watched the Russia Communists kill his father and brother when they invaded Lithuania."
My grandfather's parents paid money to hide him in a ship to get him out of that...
In fact, you would have called him an illegal alien!
Once he got here, he kissed the ground and never looked back.
Always worshipped America. Bought American, full of pride...even though my mom says she remembers the horrible way he was treated by the Blue-Bloods here...you know, a swarthy little foreign guy from the "bad" part of Europe...not the refined part.
Anyway....can you tell me where I can buy American? Where is the American pride?
Where is our manufacturing base? It's gone.
And can you tell me what policies made it so? Was it liberal- utopian policies, or capitalist-profit making policies?
Sooner or later the party's over
http://www.nakedcapitalism.com/2011/01/ … olicy.html
This website sure does like to absolve government from "stealing money and giving it out to friends".
I thought parts were relevant,I guess i should of posted it differently.
Gross:" Corporations are probably at the peak of their domination. They dominate versus labor in terms of their ability to export jobs and production overseas. They dominate now in terms of Washington, given the Republican electoral victory and the Obama administration’s moving toward the center."
" They even dominate with regard to the Supreme Court, as evidenced by the recent ruling removing limits on corporate donations to election campaigns. This is all good for the market, but not for Main Street in the long run.
1. The Financial Services sector is too large relative to the size of the economy. This is a de facto admission that the US economy is unbalanced, favouring a financial elite at the expense of the rest of American society.
2. Government is a large part of the problem. In fact, it is the government’s desire to counteract cyclical downturns which not only has allowed debt to accumulate but has also taught industry to insinuate itself into Washington to benefit from these actions. Industries implicated are Big Oil, Big Bank, the military industrial complex, Big Pharma, and the Insurance Lobby.
3. Deregulation as practiced now favours incumbent organizations at the expense of entrants, large companies at the expense of smaller companies and corporations at the expense of individuals.
4. The Federal Reserve is part of the problem or even the main trouble maker through its asymmetric easy money policy geared to goosing aggregate demand after financial bubbles.
5. US Economic policy is short-sighted and has no discernible longer-term objectives that can boost long-term economic growth."
boosting economic growth, takes money. Under our current system, if the economy grows, so does our indebtedness. It has to. That is the way fractional banking in relation to the economy works. It can't be any different when we use monetized debt as our currency.
It needs to be corrected.That's why there needs to be an audit of our reserves.Our money needs to be backed by something,not an IOU.Let's see, who would be against sound money,hmmmmmm,,,,
Our money was always backed by productivity. It is still backed by productivity, but it is, sadly, our future productivity.
Every time someone takes out a loan, they sign a mortgage or loan agreement, mortgaging their future productivity.
The money is created on their promise to pay it back to the banker, who creates it out of thin air, on their promise to pay.
That's why I said we are using monetized debt as our currency.
People thought that gold and/or silver backed our money at one time, but gold and silver in the ground are worth nothing until man's labor in conjunction with those natural resources brings it out of the ground and gives it value. Productivity is what backed our dollars, and gold and silver were just symbols of that productivity.
You cannot have a sound system, until man earns his money before spending money into circulation. That money will live on because it is not owed to anyone.
Money borrowed and then spent into circulation has to be paid back to the lender and the debt principle of the loan has to be erased when the payments are made, reducing the money supply.
Gold and silver coins were traded for goods and services.The value of the pieces was constant or worth x. The value of future extraction of gold or silver I didn't put into the mix but most likely has to do with its worth.
"Money borrowed and then spent into circulation has to be paid back to the lender and the debt principle of the loan has to be erased when the payments are made, reducing the money supply."
This one I don't understand,the banker keeps both principal(Which only maybe 10% existed)and interest,the only thing that is reduced is the amount of money the borrower has.
MDS, Back in the day, we did use gold as money in very small quantities.
Granted, you could buy goods and services with it. The gold itself, did not just pop out of the ground, it had to be mined or panned. When the people who brought the gold out of the ground, brought that gold to cash it in, they had it assayed, melted down and stamped into coin free of charge. They then could spend that gold. They were being rewarded for their labors, or (productivity). Gold was the symbol of that productivity.
As to the debt principle of loans being erased, The words we got in answer to our questions we asked in letters to the fed and the treasury, were that, money is created when debts are incurred and money is extinguished when debts are repaid. The banks make their money off the interest, which is growing 24/7, 365 per year. Banks do not get to keep the principle they create out of thin air. If they did, they would still have the principle of every loan that has been repaid, since the start of banking in this country.
Remember, those that are repaying their loans, get paid through their place of employment, by capturing through commerce, the debt principle of other's loans that have been spent into circulation. All money is debt.
If you have money in your pocket, in savings or checking , or in investments. you could not possibly have that money, unless someone else, either individually or collectively, has an equal amount of indebtedness. If there is no debt, there can be no dollars under this system.
I went to your Blogspot ,very good points.
MDS, Good morning. Thanks for the link. Iceland's defiance of the powers that be, will be met with powerful economic consequences to be sure. This demonstrates the sinister MO of the global banking cartel.
I am sure that the PTB will be pressuring other nations to aid, somehow in sanctions against Iceland. I doubt however, that we will hear much about it in the mainstream controlled media.
Kudos to Iceland for having the guts to make a stand against the money cartel. If a few more nations joined in, there could be some real progress.
Greece, Italy, Ireland, Spain and Portugal, amongst others, come to mind. Who knows, maybe there is some hope after all. Have a great day.
The private sector will not do anything as long as thier are thousends of new regulations, taxes and other Govt BS coming down the tracks straight at them. it is cheaper top create jobs in Mexico or Tiawan. And lets not forget the BS the unuins pull and their strong-arm tactics... i wouldn't spend a dime in this country to create a job or open a new plant.
You would have to be daft... or just plain stupid.
If there is no work here who will buy their crap? If you say other countries,maybe they should move over there totally.Just think,de-regulation got us here because moral hazard prevailed.Just think The Gramm, Leach Bliley act got us right were we are now. Wall St will end up ruining the public companies anyway because of their unbridled greed.
Government can't create wealth, it can only rearrange it.
This is because the government uses theft and coercion to win it's money.
The more that you hear politicians talking about "needing to create jobs", the more you know the unemployment will continue.
Last but not least - TRUE unemployment is likely 16% or higher. The government redefined what unemployment means recently.
The US media has been proclaiming the end of the recession for years, it now all seems like propaganda. In my opinion, NAFTA destroyed the economy and as Ross Perot predicted, "There will be a giant sucking sound as jobs go elsewhere". Made in America, not anymore. If you don't make things anymore, you cant have job growth. US politicians sold out the American people for the sake of campaign contributions from corporate donors who had incentives to move jobs outside the US.
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