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Post by privateinvestor on Jul 8, 2011 9:17:03 GMT -5
Where are all the jobs promised by Obama and how can this report back up his statement that we have turned the corner and things are looking better for employment.....or does Obama want to add more Stimulus, and/ or increase taxes..??
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Post by Deleted on Jul 8, 2011 9:20:48 GMT -5
I believe i read in that report you're touting that it can be expected as the stimulus ends. Not to mention the shrinking of the public sector... which is something you desire heartily... no?...
Tax cuts certainly won't create more jobs.... corporations are sitting on record profits already....
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Post by privateinvestor on Jul 8, 2011 9:22:41 GMT -5
I believe i read in that report you're touting that it can be expected as the stimulus ends. Not to mention the shrinking of the public sector... which is something you desire heartily... no?... Tax cuts certainly won't create more jobs.... corporations are sitting on record profits already.... Ok then pls let us know what will create more jobs?? And what does our President have to say about the fact our economy only created a few thousand jobs in June?? Is this the end of the slowdown or the beginning of another dip  Your call oped...go for it. |
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Post by Deleted on Jul 8, 2011 9:32:14 GMT -5
Some kind of tax or penalty structure that makes it less attractive for companies to export jobs to other countries.
Investments in infrastructure and energy which decrease core expences and transportation costs while increasing ease of access.
Sorry to say, but a more agressive redistribution process... I favor raising taxes on the higher income levels... adding tax brackets at 1 million, 5 million (heck... maybe even 10 million, 20 million, 50 million) ... because the lower income levels spend a lot more of their income... most approaching 100%... purchasing the goods and services which fuel the economy. If there is no one to purchase goods and services (and the government is not allowed to....) then there is no demand upon which to base a market society.
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Post by privateinvestor on Jul 8, 2011 9:35:46 GMT -5
Some kind of tax or penalty structure that makes it less attractive for companies to export jobs to other countries. Investments in infrastructure and energy which decrease core expences and transportation costs while increasing ease of access. Sorry to say, but a more agressive redistribution process... I favor raising taxes on the higher income levels... adding tax brackets at 1 million, 5 million (heck... maybe even 10 million, 20 million, 50 million) ... because the lower income levels spend a lot more of their income... most approaching 100%... purchasing the goods and services which fuel the economy. If there is no one to purchase goods and services (and the government is not allowed to....) then there is no demand upon which to base a market society. OK thanx but haven't we seen all this tried before during President Barrack Obama's first few year into his presidency...and we have gone from @5.8% Unemployment to @ 9.2% Unemployment as you know, I think?? |
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Post by Deleted on Jul 8, 2011 9:39:01 GMT -5
Well... Its not terrific, obviously. But private sector added about 57K jobs.... it was just offset by a -39K government jobs....
This is actually what we want... isn't it? ... It is still private sector growth. Slow, but steady. The only loss in private sector i saw was in wood products, but manufacturing overall held. Several sectors didn't show any growth... but didn't lose either. I think we have to wait and see a bit here...
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Post by Deleted on Jul 8, 2011 9:43:27 GMT -5
I'm sorry... I wasn't aware that we were currently employing practices to encourage companies to bring jobs back onshore... could you outline them for me? Or provide me a link? Thanks.
I've said before... the stimulus hardly contributed to infrastructure and energy .... 666 billion so far.... 292 Billion to tax cuts.... 150 odd billion to states to help them solve fiscal problems.... only 160 odd billion to infrastructure and energy....
Uh... more agressive redistribution... ? .... Taxes are at their lowest now than they have been since the 40s.... I'm not sure how you think Obama has increased redistribution efforts exactly....
... oh that's right... the Republicans tell you he has..... they keep calling him a socialist... and forgetting that the only ones to have recovered from the recession are Corporations, and their executives.... who are reaping better and better profits and salaries every year....
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Post by privateinvestor on Jul 8, 2011 9:43:37 GMT -5
Businesses will not begin to hire in large numbers while Obama is in the White House....because of one simple reason...they don't have confidence in his leadership
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Post by Mkitty is pro kitty on Jul 8, 2011 10:15:58 GMT -5
Whenever you're done bawling about how it's all Obama's fault, why don't you ask Boehner? Obama can't sign something that doesn't exist, now can he? Hey, anyone wanna tell us about any of the Republican bills that are a smashing success?
Well, I suppose you're right about it being simple, so you get a little credit. Hopefully the charges weren't so high when you dialed that one in.
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Post by Deleted on Jul 8, 2011 10:18:31 GMT -5
Nothing to say about my post #5-6 PI? ... You asked. I said... no commentary?
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Post by privateinvestor on Jul 8, 2011 10:20:10 GMT -5
Whenever you're done bawling about how it's all Obama's fault, why don't you ask Boehner? Obama can't sign something that doesn't exist, now can he? Hey, anyone wanna tell us about any of the Republican bills that are a smashing success? Well, I suppose you're right about it being simple, so you get a little credit. Hopefully the charges weren't so high when you dialed that one in. What does this nonsense have to do with the OP??? In case you missed it we are discussing the 9.2% Unemployment rate and wondering what happened...do you want to discuss the OP or not?? |
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Post by Deleted on Jul 8, 2011 10:21:35 GMT -5
What happened is that government shed jobs... JUST like you and others advocate for most of the time... ??...
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Post by privateinvestor on Jul 8, 2011 10:24:24 GMT -5
Nothing to say about my post #5-6 PI? ... You asked. I said... no commentary? Yes again I think the issue is that businesses are slow to hire because they have NO confidence in the Obama Administration's economic policies for the past two and one half years... They are concerned about higher taxes and other Obama job killers ie Obamacare, stimulus waste and etc and etc Also as you know there is a lot of anxiety with the Debt Reduction fiasco going on in the White House that has now been rescheduled for this weekend.... |
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Post by Deleted on Jul 8, 2011 10:26:58 GMT -5
Got it. I didn't realize that was the extent of your input. Its all Obama... and not what Obama has done... since that has led to considerable profits... its the boogy man of 'what Obama might do'....
And it has NOTHING to do with demand...
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Post by privateinvestor on Jul 8, 2011 10:29:24 GMT -5
No one of the key elements to job creation is an overhaul of our tax system....just the thought that companies may have to pay higher taxes has them sitting on tons of cash and not rehiring as you probably know oped I guess???
Small businesses have never been big fans of Obama and his economic policies...and that is one of the main reasons they have not hired even with the Stimulus Spending which was not at all successful as we discussed a few days ago..
Economists have said that Obamacare and the Stimulus had the opposite effects for jobs creation...they slowed down the hiring process instead of boosting it...even Obama admitted that when he had his twitter thing this week if you want to check it out.
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Post by Deleted on Jul 8, 2011 10:37:44 GMT -5
I hired more people this year. To meet the DEMAND of our current workload. It will only be short term... We revert to our original # in two weeks... but that's ok... another company we are working with has already made offers to the guys who we would have to cut... they are hiring serveral more in addition... they have lots and lots of demand... I personally have never been all that scared of paying more taxes... generally speaking, the more $ i pay, the more $ i made....  .... The only thing that ever caused me to worry about making more $$ is if making more money would bounce us out of Blue Chip... because otherwise my daughter wouldn't have insurance... but we can actually buy into blue chip now, no matter how much money we make.... and in a few years, i'm hoping we can all be back on the same policy again... once the exchanges are in operation... I really don't know which small business owners you have been talking to?... |
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Post by privateinvestor on Jul 8, 2011 10:41:39 GMT -5
I hired more people this year. To meet the DEMAND of our current workload. It will only be short term... We revert to our original # in two weeks... but that's ok... another company we are working with has already made offers to the guys who we would have to cut... they are hiring serveral more in addition... they have lots and lots of demand... I personally have never been all that scared of paying more taxes... generally speaking, the more $ i pay, the more $ i made.... .... The only thing that ever caused me to worry about making more $$ is if making more money would bounce us out of Blue Chip... because otherwise my daughter wouldn't have insurance... but we can actually buy into blue chip now, no matter how much money we make.... and in a few years, i'm hoping we can all be back on the same policy again... once the exchanges are in operation... I really don't know which small business owners you have been talking to?... Then you missed this Tax hike concerns business ownersAnd what do you think business owners think about this headline in this week's newspapers?? The $400 billion that President Obama seeks in tax increases is not indicative of "economic and legislative reality," House Speaker John Boehner (R-OH) said in a statement on Tuesday, according to a Reuters report. Read more: www.digitaljournal.com/article/308789#ixzz1RWriMoaHI belong to a group of small business owners and hiring has been placed in the background for the time being..until we understand more about tax increases... |
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Post by EVT1 on Jul 8, 2011 10:47:47 GMT -5
Small business is everything- our problem is the bullshit wall street conglomerates and their armies of entitlement minded pricks on the top.
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EVT1
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Post by EVT1 on Jul 8, 2011 10:50:34 GMT -5
You ever run a business PI?
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Post by privateinvestor on Jul 8, 2011 10:52:56 GMT -5
Smalll businesses that depend on much of their income from capital gains, interest and dividends are very anxious about the tax increase debate going on now... tax system overhaul is being discussed in these talks but more than likely it will be just more talk and nothing will be done IMHO
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Post by privateinvestor on Jul 8, 2011 10:54:54 GMT -5
You ever run a business PI? Yea since 1992 ..but about ready to quit.. |
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Post by EVT1 on Jul 8, 2011 10:58:27 GMT -5
I understand- way too much bullshit on us- which is why I am sick of government giving breaks to the big boys. The same rules don't apply.
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Post by Deleted on Jul 8, 2011 10:59:22 GMT -5
So... exactly how much hiring do smalll businesses that depend on much of their income from capital gains, interest and dividends .... actually do?
Who is it that they are holding back, waiting to hire? ....
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Post by privateinvestor on Jul 8, 2011 11:05:15 GMT -5
My problem is taxes and to save costs I have been filing my tax returns for the past few years. I was audited each year and just received another letter recently from the IRS that my return for 2010 is being investigated again... the problem is our tax system is so far out of date...especially for "Short Sales" and Foreign Tax Deductions..and etc....although the IRS is more helpful lately and have tried to work with me instead of against me.. and other small businesses are experiencing similar issues our tax systems for small businesses are a complete mess..IMHO
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Post by EVT1 on Jul 8, 2011 11:05:17 GMT -5
Small business is everything- I would support 0% taxes, 0% capital gains if reinvested in the business,etc. Wall street is a perversion of what it was supposed to be, and I am for the destruction of any publicly traded behemoth company now.
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Post by privateinvestor on Jul 8, 2011 11:08:30 GMT -5
The stock markets are reacting to the jobs report and they don't like it....this was a dismal report and I don't care how Obama spins it ..
18,000 jobs gained in June.....where are the jobs...tax hikes instead of job creation proposals??
I would like to see a proposal that would give small businesses more tax credits instead of tax increases...but that is dreaming
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Post by Deleted on Jul 8, 2011 11:28:38 GMT -5
57K private sector jobs created in June....
39K public sector jobs shed in June.....
Is this NOT what you wanted? ... I don't understand... what did you think would happen when government started shedding jobs?
There are quite a few tax credits extended to small businesses..... What taxes specifically are you worried about? ... MOST small businesses do not have to worry about income tax increases...
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Post by djAdvocate on Jul 8, 2011 11:42:27 GMT -5
57K private sector jobs created in June.... 39K public sector jobs shed in June..... Is this NOT what you wanted? ... I don't understand... what did you think would happen when government started shedding jobs? There are quite a few tax credits extended to small businesses..... What taxes specifically are you worried about? ... MOST small businesses do not have to worry about income tax increases... NONE of the ones that are losing money do. ;] business income is by definition money that is left over after all other items are taken care of- employment, investment, etc. it doesn't "create jobs". jobs are an expense, and REDUCE profit. most people have such a poor understanding of business economics that they fail to grasp this basic fact. |
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Post by privateinvestor on Jul 8, 2011 11:52:19 GMT -5
Jobs growth stalls, setting back recovery hopes 12:29pm EDT By Lucia Mutikani WASHINGTON (Reuters) - U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year. Nonfarm payrolls rose only 18,000, the Labor Department said on Friday. It was the weakest reading since September and below even the most dire forecast in a Reuters poll of economists. The dismal report, which showed the unemployment rate climbing to a six-month high of 9.2 percent, stood in stark contrast with recent data on manufacturing and retail sales that had shown activity starting to perk up. "This report has dashed hopes that the economy was about to accelerate again," said Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts. "It is showing a much bleaker picture than other indicators and we must hope that it is overstating the extent of the slowdown." Stocks on Wall Street tumbled on the dour report, while Treasury debt prices rallied on the view the Federal Reserve would keep overnight interest rates near zero well into next year. The dollar rose against a broad basket of currencies as investors turned risk averse. Contributing to the weak tenor of the report, the department said the economy created 44,000 fewer jobs in April and May than previously thought. Government was the biggest drag in June, but the weakness was widespread and could pressure the Fed to consider further action to help the economy. Officials, however, have set a high bar after completing a $600 billion bond-buying program last week. Still, economists are holding on to their belief that the economy will soon pull away from its first-half soft patch and do not see new recession on the horizon. "You have to look at the more recent data and they have been much more positive. We haven't seen the economy faltering further, instead we have seen the economy coming back," said Joel Naroff of Naroff Economic Advisors in Holland, Pennsylvania. Motor vehicle manufacturers are ramping up production as the shortage of parts from Japan eases and retailers reported better-than-expected sales in June. DEBT CEILING IMPASSE HURTING The employment data dealt a blow to the Obama administration, which has struggled to get the economy to absorb the 14.1 million unemployed Americans. So far, the economy has regained only a fraction of the more than 8 million jobs lost during the recession. It could also stiffen the resolve of Democrats to push for near-term stimulus as they seek a deal with Republicans to cut the U.S. budget deficit. The economy is the top concern among voters and will feature prominently in President Barack Obama's bid for re-election next year. In an appearance at the White House, Obama said an impasse in budget negotiations that is blocking a needed increase in the nation's debt limit had contributed to the reluctance by businesses to hire. "The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised," he said. Republicans pointed the blame at Democrats. "Today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country," House of Representatives Speaker John Boehner said in a statement. The economy needs to create between 125,000 and 150,000 new jobs a month just to absorb new labor force entrants. The private sector added 57,000 jobs last month, while government employment shrank 39,000 -- the eighth straight monthly decline -- as local and state governments continued to wield a budget ax. Factory payrolls rebounded 6,000 after contracting in May for the first time in seven months, reflecting a step-up in motor vehicle production. Construction employment fell 9,000 last month after declining 4,000 in May The length of the average workweek fell to 34.3 hours from 34.4 hours. Employers have been reluctant to extend hours because of the uncertainty surrounding the recovery and the decline suggested they were facing little pressure to increase hiring soon. Average hourly earnings slipped a penny, the first decline since November and more evidence that wage-driven inflation is not a risk. Over the past year, earnings have risen only 1.9 percent. (Editing by Andrea Ricci) © Thomson Reuters 2011. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit: www.reutersreprints.com. www.reuters.com/article/2011/07/08/us-usa-economy-idUSTRE7662I420110708 |
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Post by privateinvestor on Jul 8, 2011 11:55:30 GMT -5
Here's Obama's excuse for the dismal unemployment report:
In an appearance at the White House, Obama said an impasse in budget negotiations that is blocking a needed increase in the nation's debt limit had contributed to the reluctance by businesses to hire.
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