Dems Karl Marx Budget Targets Most Productive

[AgeOfEnlightenmentSCP]

For anyone wondering why the economy is stuck in neutral right now, and banks aren't lending, let me explain it to you:

Banks aren't lending because business aren't borrowing. Businesses aren't borrowing because businesses aren't trying to expand right now (By 'businesses' I mean of course small businesses- the job creation engine of America).

Small businesses aren't looking to take on the risks and obligations of a loan to expand because they aren't certain what their costs are going to be. They know that Obama has promised at least one massive tax increase, they know the regulatory environment is in flux, and they know that healthcare costs are already on the rise due to ObamaCare-- which may or may not be repealed.

Manufacturers aren't even sure if what they build will be legal in five years.

Small businesses don't know what the EPA is going to do with its promise to regulate CO2 as a 'pollutant'.

Small businesses don't know what energy is going to cost them either way, but they suspect a lot more.

Small businesses know that the country is broke, and that they-- the entrepreneurial innovators and producers that drive the economy and create the jobs; they, the most productive citizens, have a big BULLSEYE painted on their backs because Barrack the wealth spreader thinks it's good for everyone if nobody is too successful. If everyone is equal-- even if that's at the expense of those who work the hardest and most effectively produce the most.

But you don't have to take my word for it-- let's recall what Barry said to a small business owner looking to expand his business and hire more workers. Let's recall what Barrack promised he had in store for the small business owner, and listen carefully to what he has to say because there isn't a small business owner in the country that doesn't remember this like it was yesterday, and that doesn't rely on it as Barry's promise for tomorrow:

[jkapp]

[AgeOfEnlightenmentSCP]

Thanks, jkapp. I notice none of the resident liberals wish to refute the fact that the reason the economy is stuck in neutral is Obama's destructive policies.

[Deleted]

Thanks, jkapp. I notice none of the resident liberals wish to refute the fact that the reason the economy is stuck in neutral is Obama's destructive policies.

I've noticed that on the hard statements with info to back them up just about all of the time all of the resident liberals skip the thread. Liberals will argue all day long about intangibles or things that there is something out there that they can quote. They will even argue about common sense stuff, but most of the time hard facts scare them off.

[Deleted]

As a side comment I wonder if any of them have read Karl Marx? I also wonder if they would catch on that a lot of stuff the democrats (srats) say is just like what he was preaching.

How do you convert a Republic into a socialist country......one step at a time. What's the first step......Healthcare of course. (Reagan said it before me of course).

[Mkitty is pro kitty]

but most of the time hard facts scare them off.

Good thing there's none in the aforementioned posts, then.

This thread is the same ol' same ol'. Businesses are sceered (LOL at paying them for their "leadership" when they supposedly shiver in the corner), so like a new puppy we have to coax them out with tax breaks. They do well for a few years, but when things go bad again, lather, rinse, repeat ad infinitum or until we go completely broke from little revenue coming in, but keep the bloated defense and subsidies.

Let's recall what Barrack promised he had in store for the small business owner

But supposedly, Obama never keeps any of his promises. Talk about Cognitive Dishonest.

As I side comment I wonder if any of them read Adolf Hitler? I also wonder if they would catch on that a lot of stuff the Republicans (rlice) say is just like what he was preaching. You know, a strong industry and military, monoculturality, etc. Just wonderin'.

Sorry to interrupt your catch phrase and self declared victory echo chamber. Carry on.

[formerexpat]

Good thing there's none in the aforementioned posts, then.

Please educate us with the facts then? Most business people will actually say that they are not dispursing capital until they understand WTF the administration/country is doing with policy as it's so ass backwards right now.

As I side comment I wonder

Everything you say is a side comment. Nothing of substance; just taking up space.

Now carry on with your kitty and leave us to our discussion.

I'll be the first to call Paul out on something when I think he's stretching the truth or being less than honest but he's dead on right now.

Look at the business balance sheets across the country right now and you see a shit load of cash. Why? Because no one has a damn clue how the various regulations and changes that DC is pushing right now will affect their business...so no new investments, no new jobs until there is clarity.

Anti business economies suck for the average Joe.

[Angel!]

Do you have any facts to back up your claims? According to this article small business lending is up 50% & expected to keep increasing: www.thestreet.com/story/11138484/1/small-business-loan-forecast-a-brighter-second-half-for-2011.html?cm_ven=RSSFeed

Also, if banks aren't lending, then why do I get 0% offers in my mail almost daily? It seems to me that they have become rather eager to lend, much like in the old days.

[zipity]

Wow where to start, I guess agreeing with MKitty that this topic is getting pretty old.

businesses aren't trying to expand right now

I guess that depends on where you're looking. Within walking distance 4 new restaurants have opened in the past 6 months. General contractors are doing very well in my area as are small technology businesses, software companies and scaling up larger technology resellers and larger OEMs are hiring as fast as they can find people. Maybe it's just your area of the country or the types of businesses you're focusing on.

They know that Obama has promised at least one massive tax increase

Yea he sure fooled them when he cut taxes but again that's old news now. I think most business people understand that you can't continue to cut the prices on you're product without eventually having to cut enough from you cost of goods to jeopardize the quality of your product. Auto manufacturers would sell millions of cars if they dropped the price to $1 per car but they wouldn't stay in business long. They set the price to cover their costs. The government is no different, you can't keep cutting taxes and still hope to provide the services people want. When you cut taxes too deep and can no longer cover 'desired' services you start running up deficits. The pubs want to cut Medicare/Medicaid but the vast majority of citizens don't want them to touch it. So your choice is to raise taxes or run up deficits. The vast majority don't want to run up deficits. Increasing the tax rate from what is just about the lowest rate as a % of GDP since WWII to a level closer what was paid in 11 years ago doesn't seem to bother the population as much as Paul Ryan's plan does.

healthcare costs are already on the rise due to ObamaCare

If healthcare costs are rising now due to ObamaCare, tell me what was the reason they were rising before ObamaCare? You can't possibly mean to imply that healthcare hasn't been rising for at least a decade now. Are you implying that giving a person access to primary care will cost more than the access they've always had to the emergency care which was used as a substitute for primary care? That's ok, I understand: "hate Obama" = "hate ObamaCare", why try something new when the old way of doing it was failing so miserably.

Manufacturers aren't even sure if what they build will be legal in five years.

Again which manufacturers, Chinese manufacturers don't seem to be bothered with what may or many not be legal to build in five years. They just build it, make profits which they reinvest and if they get hit with a fine or have to discontinue a product line, they do. Sounds like the manufactures you are looking at are making up excuses for why they can't compete.

Small businesses don't know what the EPA is going to do with its promise to regulate CO2 as a 'pollutant'.

More excuses. Its real easy, if you wouldn't breathe the exhaust put out by a product or a plant, figure out why and fix it. If you wouldn't drink the crap your company is dumping in the water supply, figure out why and fix it. If you don't want to do that, make sure whatever you are producing makes enough profit to be able to cover fines and lawsuits that will eventually catch up with you.

Small businesses don't know what energy is going to cost them either way, but they suspect a lot more.

When did they? Over the last 10 years gas/oil prices have risen, gas/oil prices have fallen. If they go up another 10% or so they'll reach the level they hit prior to Obama taking office. The point is, gas/oil prices rise and fall regardless of which party is in control so any business not expanding due to energy costs is probably a business without a solid business plan.

Finally, I really can't believe that you dragged out and dusted of Joe the Plumber. There are plenty of legitimate small business owners who have gripes with Obama, the fact that you rely on a small business owner wannabe who didn't even posses a plumber's license shows that you either can't support your points or you lack imagination. Seriously, just google "small business owners against Obama" and you'll find enough ammo to allow you to put poor Joe back on the shelf.

[formerexpat]

Do you have any facts to back up your claims? According to this article small business lending is up 50% & expected to keep increasing:

Faulty math. Kind of like saying your investments increased 26.5% in 2009 and 15.1% in 2010. Still doesn't bring you back to pre-2008 levels since 2008 lost you 37% [keeping all else equal with no new contributions/dividends/etc].

In the first quarter of 2011, the number of small-business loan requests that won approval from small and large banks rose to 1,294, up more than 50 percent from the 852 requests landing approval in first quarter of 2010

When you have a small base, a large percentage increase doesn't take much. Compare the 2007 numbers to now.

You also see this in overall money supply. Commercial lending, which is counted as part of the total money supply is way down from their pre-recession highs...but that's not to say that certain companies and even people aren't taking advantage of cheap capital if available.

The better question is are they deploying it? The answer, for the most part, is a resounding NO.

[Deleted]

Also, if banks aren't lending, then why do I get 0% offers in my mail almost daily? It seems to me that they have become rather eager to lend, much like in the old days.

Angel D I get those offers to. Most people that are suckered in by those offers don't realize that they have a hook in them. Say you borrow $20,000 until the end of the time period. If you owe just one (1) dollar of that $20,000 you have to pay the interest on the full amount & that interest rate is high. Banks love statistics & the statistics support that a huge amount of people 1. don't realize they will pay on the full amount & 2. don't pay it off within that time period.
So that's why you get those offers, because it's a money making deal for them. Oh & the interest that you pay is as high or higher than a no collateral loan. Banks rip on them.

[hello fromWarsaw]

Karl Marx Dems? Lol!! Luv ya, keep digging!!

The stalled recovery has nothing to do with NO PUB JOBS BILLS AT ALL, their 24/7 gloom and doom and paralysis, and the Pubcorps and banks sitting on record cash? I know, let's trash SS and Medicare, and cut taxes on the rich. That'll sell! LOL!!

[formerexpat]

The stalled recovery has nothing to do with NO PUB JOBS BILLS AT ALL

We know - we've been saying for the past 2.5 years that, at some point, Obama must own this economy.

It's a good thing you're coming to finally. A little too late but at least in advance of 2012 so you can make an...who the hell am I fooling, no educated decision in that head.

[AgeOfEnlightenmentSCP]

This is Obama's economy. Unemployment is back UP. Nobody has confidence in Barack Obama. Period.

[AgeOfEnlightenmentSCP]

The "Pub Jobs Bill" is get the f*** out of our way and let us create jobs. It has worked every time it has been tried.

[pappyjohn99]

The stalled recovery has nothing to do with NO PUB JOBS BILLS AT ALL,

Obama's plan -

“We have set a path that will lead us to long-term economic growth," he said. "But we still have some enormous work to do, and as long as there are some folks out there who are unemployed looking for work, then every morning when I wake up I am going to be thinking about how we can get them back to work.”

www.voanews.com/english/news/usa/Dim-View-of-Economy-Could-Spell-Trouble-for-Obama-123370423.html

I feel better. Obama is thinking.

[AgeOfEnlightenmentSCP]

Jun 8, 2011 3:15:51 GMT -5 pappyjohn99 said:

The stalled recovery has nothing to do with NO PUB JOBS BILLS AT ALL,

Obama's plan -

“We have set a path that will lead us to long-term economic growth," he said. "But we still have some enormous work to do, and as long as there are some folks out there who are unemployed looking for work, then every morning when I wake up I am going to be thinking about how we can get them back to work.”

www.voanews.com/english/news/usa/Dim-View-of-Economy-Could-Spell-Trouble-for-Obama-123370423.html

I feel better. Obama is thinking.

He doesn't like the free market system. He doesn't believe in it. Is it any wonder he has no idea what to do to get it moving again?

[Angel!]

If you owe just one (1) dollar of that $20,000 you have to pay the interest on the full amount & that interest rate is high.

Bank offers from Chase, Citi, etc rarely work this way. Deferred interest is generally only done with loans from retail stores.

[Angel!]

Faulty math. Kind of like saying your investments increased 26.5% in 2009 and 15.1% in 2010. Still doesn't bring you back to pre-2008 levels since 2008 lost you 37% [keeping all else equal with no new contributions/dividends/etc].

I understand that small business loans still aren't happening at levels they were pre-recession. But a 50% increase still counters the point that businesses aren't borrowing that PBP is trying to make. They are not only borrowing, but they are borrowing at an increasing rate, which according to PBP's theory is a sign that things are slowly improving.