Why the "recovery" is not translating into jobs.

[CID1990]

From the New York Post, so of course you won't see it in the NYT:

http://www.nypost.com/p/news/opinion/op ... zSS7QmuhnL

Some of it is a little snarky, but there is a layman's explanation as to why businesses are not hiring or borrowing money even though the economy seems to be recovering somewhat. The bottom line is that our economy depends on those big, bad corporate interests. They are the employers, they do the hiring. If a corporation is unsure about what the next three years will bring (i.e: taxes to pay for things like the health care bill) then they are not going to hire or borrow, regardless of what the banks are capable of doing.

[Pwns]

This is what you get when you have a POTUS, a VP, and a Speaker who have never run (notice I say "run" and not "own") a business or a corporation in their life. I disliked Bush and Cheney on many levels, but at least they understood that recovery can only begin with inspiring confidence in the companies that actually hire ordinary Americans.

[native]

This is what you get when you have a POTUS, a VP, and a Speaker who have never run (notice I say "run" and not "own") a business or a corporation in their life. I disliked Bush and Cheney on many levels, but at least they understood that recovery can only begin with inspiring confidence in the companies that actually hire ordinary Americans.

Yup!

And Cid is right, too, but it's not just the big bad corporations. It's the little corporations as well.

[Grizalltheway]

This is what you get when you have a POTUS, a VP, and a Speaker who have never run (notice I say "run" and not "own") a business or a corporation in their life. I disliked Bush and Cheney on many levels, but at least they understood that recovery can only begin with inspiring confidence in the companies that actually hire ordinary Americans.

Don't forget about starting a war to get your former company lucrative oil contracts.

[native]

This is what you get when you have a POTUS, a VP, and a Speaker who have never run (notice I say "run" and not "own") a business or a corporation in their life. I disliked Bush and Cheney on many levels, but at least they understood that recovery can only begin with inspiring confidence in the companies that actually hire ordinary Americans.

Don't forget about starting a war to get your former company lucrative oil contracts.

You are sad. Get a real job.

[Col Hogan]

This is what you get when you have a POTUS, a VP, and a Speaker who have never run (notice I say "run" and not "own") a business or a corporation in their life. I disliked Bush and Cheney on many levels, but at least they understood that recovery can only begin with inspiring confidence in the companies that actually hire ordinary Americans.

Don't forget about starting a war to get your former company lucrative oil contracts.

You really do need to find a new line...especially since you can't name one company that got "lucrative oil contracts" because of a war...

[Grizalltheway]

Don't forget about starting a war to get your former company lucrative oil contracts.

You really do need to find a new line...especially since you can't name one company that got "lucrative oil contracts" because of a war...

Well, how much money did Haliburton make in Iraq before we invaded?

Halliburton’s $2.5 billion "Restore Iraqi Oil" (RIO) contract[42] was supposed to pay for itself as well as reconstruction of the entire country. Had the contract been fulfilled correctly, Iraq would be able to export much more oil from its northern oil fields. Instead, the oil fields are barely usable and access to international markets is severely limited. Halliburton’s work on the pipeline crossing the Tigris river at Al Fatah was a critical failure. Against the advice of its own experts, Halliburton tried to dig a tunnel through a geological fault zone. The underground terrain was a jumble of boulders, voids, cobblestones and gravel impossible for the kind of drilling Halliburton planned. "No driller in his right mind would have gone ahead," said Army geologist Robert Sanders when the military finally sent people to inspect the work

.

[Grizalltheway]

Don't forget about starting a war to get your former company lucrative oil contracts.

You are sad. Get a real job.

If that's how you feel, then by all means, feel free to ignore me.

[Wedgebuster]

Not translating into jobs because we produce nothing but paper.

[AZGrizFan]

Don't forget about starting a war to get your former company lucrative oil contracts.

You are sad. Get a real job.

He's a liberal....he considers welfare a "real job".

[Grizalltheway]

You are sad. Get a real job.

He's a liberal....he considers welfare a "real job".

And somehow, I'M the one who needs to get a new line.

[AZGrizFan]

He's a liberal....he considers welfare a "real job".

And somehow, I'M the one who needs to get a new line.

What chu talkin' about, Willis? I've never used that line before....

And sometimes the truth hurts...

[slycat]

It has a lot to do with the fact that businesses are now running smarter and within their means. Which translates to fewer jobs.

[Grizalltheway]

And somehow, I'M the one who needs to get a new line.

What chu talkin' about, Willis? I've never used that line before....

And sometimes the truth hurts...

Well, this liberal busts his ass to make some CEO rich while going to school, so I guess that ain't the truth when it comes to myself.

[AZGrizFan]

What chu talkin' about, Willis? I've never used that line before....

And sometimes the truth hurts...

Well, this liberal busts his ass to make some CEO rich while going to school, so I guess that ain't the truth when it comes to myself.

And this conservative did that exact same thing for 31 years before become a CEO myself. Ain't America grand?

Don't begrudge somebody something that may be yours some day.

[AZGrizFan]

It has a lot to do with the fact that businesses are now running smarter and within their means. Which translates to fewer jobs.

Clenz---we are down from 73 to 53 employees. We may not get back to 73 for 3 YEARS. There was SO much excess capacity in our organization when I got there it was pathetic. It's amazing how the American worker has perfected the art of cramming 2 hours of work into an 8 hour day---and then bitches about their work load.

[slycat]

It has a lot to do with the fact that businesses are now running smarter and within their means. Which translates to fewer jobs.

Clenz---we are down from 73 to 53 employees. We may not get back to 73 for 3 YEARS. There was SO much excess capacity in our organization when I got there it was pathetic. It's amazing how the American worker has perfected the art of cramming 2 hours of work into an 8 hour day---and then bitches about their work load.

So true. I'd be lying if I said I worked all 8 hours. I can think of some dead weight that needs to be dropped on my team.

[Grizalltheway]

Well, this liberal busts his ass to make some CEO rich while going to school, so I guess that ain't the truth when it comes to myself.

And this conservative did that exact same thing for 31 years before become a CEO myself. Ain't America grand?

Don't begrudge somebody something that may be yours some day.

I wasn't begrudging anyone anything. Just trying to put to rest your notion that all liberals are leeches.

[slycat]

Wait was the Clenz remark an insult? I don't know his reasoning in the politics forum.

[AZGrizFan]

And this conservative did that exact same thing for 31 years before become a CEO myself. Ain't America grand?

Don't begrudge somebody something that may be yours some day.

I wasn't begrudging anyone anything. Just trying to put to rest your notion that all liberals are leeches.

If I truly thought that about you you'd be on ignore, son.

[Chizzang]

And just think..!!!
All this will be instantly FIXED as soon as we get a republican President...



My consumer confidence is HIGH that Sarah PAlin can put us back on the right track

[AZGrizFan]

And just think..!!!
All this will be instantly FIXED as soon as we get a republican President...



My consumer confidence is HIGH that Sarah PAlin can put us back on the right track

Where do you come up with this crap? You're rapidly moving down my "must read posters" list.

[Chizzang]

And just think..!!!
All this will be instantly FIXED as soon as we get a republican President...



My consumer confidence is HIGH that Sarah PAlin can put us back on the right track

Where do you come up with this crap? You're rapidly moving down my "must read posters" list.

Have you got a dildo lodged up your ass - why are you so serious all the time..?
Try to have a little fun for gods sake

[kalm]

That's what stock analyst Peter Sidoti is discovering. Sidoti's firm supplies research on so-called small-cap companies, ones the stock market values at $300 million to $2 billion. With typical payrolls of 100 to 2,000 employees, these are the very definition of the "small businesses" that provide many if not most of the nation's new jobs.
Of the 600 companies Sidoti and his team cover, "There hasn't been one bankruptcy," he tells me. How did they survive the recession? By cutting costs and hoarding cash, not expanding their business and hiring more people, even as the economy now is starting to recover.
During other recoveries, Sidoti says, firms like these would be hiring workers in droves as demand picks up for goods and services. This time around, they're not -- because "they don't know what their costs are going to be." And those costs are, of course, higher taxes.
He recalls a conversation with the CEO of one company he covers, Monroe Muffler, who said his average cost per worker is $35,000 a year, but he isn't going to expand his workforce much more if he has to pay another $8,000 a year in higher taxes, thanks to the new health-care plan and other government initiatives.

This article represents a very short term, myopic economic view point.

Demand and production are what drive the economy. Production is the process of taking a raw material or idea and producing something of value.

Wages = demand.

The economic stimulus we have seen so far is primarily a top down bailout to the banks which produce nothing of value, they just exchange money, or if you’re really cynical, transfer wealth away from home borrowers and retirement funds to those of immense wealth.


Taxes have very little to do with it. If there's a market for a product which after taxes produces income somebody will take advantage of it. That doesn't mean that the business owner or investor who is accustomed to the way things have been (ie: free money) will be the one, but those people are replaceable.

Under the Eisenhower administration, the top marginal tax rate was 91% on income above $3 million dollars. Back then, business owners had a choice, pay the government their excess profits in taxes, or reinvest in the company. Reinvestment in the company sustains jobs and through innovation and increased resources creates new ones. And people could become rich in america, just not so rich that their idle cash could create bubbles and bring down the economy.

This will be a jobless recovery because, thanks to Reagan, Clinton, and the Bushes, more and more of our GDP has gone toward the financial services industry while manufacturing has left our shores. That's why new technologies, renewable energy, or a return to domestic manufacturing are the only ways we can restore a stable economy.

[slycat]

Where do you come up with this crap? You're rapidly moving down my "must read posters" list.

Have you got a dildo lodged up your ass - why are you so serious all the time..?
Try to have a little fun for gods sake

I think his point is how unoriginal your joke was.

Hows the Italian?