The link to the sweeping financial reform is here.
[/quote]
From the above:
[quote] Obama wrote:
But â??because of this law, the American people will never again be asked to foot the bill for Wall Streetâ??s mistakes,â?? Mr. Obama said before signing the legislation. â??There will be no more taxpayer-funded bailouts. Period.â??[/quote]
hmmmm
Is allowing them to not pay back the money pretty much a “taxpayer-funded bailout”?
Also, note how well the new regulations are working for AIG.
[quote]D Public wrote:
I’m not buying that there is a trucker shortage…
They are attempting to push wages down on more senior drivers and snub out independent truckers. If 200k new drivers entered the industry, they would have lowered their cost of production massively. A trucking lobbyist group is the source for that article. They are using propaganda to further their ingenious agenda.[/quote]
It is supply and demand , you have an over supply of willing workers beating down the wages. The trucking industry is exploiting an Ideal employment situation . Making Record profits , no unions and $50,000 tax credits for buying new trucks
If everyone’s wages decreased at the same time and the prices of goods/services stayed the same, and business owners then used the new profitability generated by their businesses to hire more people…
It would have the same effect as debt fueled inflationary spending. Now, it is obviously easier to print money because it doesn’t involve so much intricate coordination among people.
So, whether you reduce taxes or use inflation, we are trying to do the same thing. We are trying to free up money so that businesses will hire more people/invest in stuff. The problem is that if you choose the tax reduction route, people will have that very same intricate coordination problem. It is very possible that they may just aim to increase profitability and enrich themselves(pocket the tax savings) because people are selfish. Why should they hire if there is no guarantee that everyone else will follow suit? This creates a major problem because business owners are aware that they will not benefit from hiring in isolation…It requires everyone in aggregate to do it at the same time. The best strategy to play in this situation is simply not to hire people. This is why supply side economics does not work, and it should have been abandoned long ago because it does not make sense in reality. The only true option is to force people to come along for the ride by creating inflation through government spending. If you force growth in the economy, then they have no choice but to hire people or else they will get left behind. No matter what their skill or experience level is because they will need someone. This is what occurred during the war as any functioning body became of value. And, due to the nature of employment, people will enter into long term implied contracts with one another which makes termination difficult. It is very likely that even after all stimulus subsides that these implied long term contracts between employees and employers will hold. This is true of the past, and I’m certain it will hold true now.
Now you could definitely argue that government hand outs cause some people to never attempt to enter the workforce because these individuals believe they are better off accepting a slightly lower effective wage in the form of a handout for doing nothing rather then actually working to get slightly more money…All you would need to do is make the government handout have covenants that will force people to prefer actual employment…My strategy would be to create public-private partnerships where the government pays companies to take on new workers…I think this is the best way to do it as creating more of the long term implied contracts with private industry is essential to getting off the stimulus…
Then, you may say will you are causing inflation…it is a tax on wealth…you are stealing from people…
first of all the inflation would be mild and can be controlled by the fed…
secondly, real growth should outpace inflation because we are going to unlock value…we are going to actually create value instead of shifting wealth among people…We are going to make the pie bigger rather than shifting the proportionate slices…
lastly, wealthy people can protect themselves from inflation easily in this situation if they invest in the stock market…Equities will always be the best hedge against inflation…
[quote]D Public wrote:
I’m not buying that there is a trucker shortage…
They are attempting to push wages down on more senior drivers and snub out independent truckers. If 200k new drivers entered the industry, they would have lowered their cost of production massively. A trucking lobbyist group is the source for that article. They are using propaganda to further their ingenious agenda.[/quote]
Yup, must be The Man holding them down…
[/quote]
Here is more of The Man shitting on the little people
[quote]D Public wrote:
As I just stated, they don’t want to hire. If they really were interested in hiring, they would hire those people and train them.
They are mainly interested in hiring already employed people.
It also very likely that many of those jobs are fictitious and created by HR to justify their existence.
[/quote]
[quote]D Public wrote:
As I just stated, they don’t want to hire. [/quote]
You didn’t read the piece.
Look when I grew up I learned at a very young age that the world didn’t revolve around me. So when I sat in college thinking about what I was going to do when I got out of school I thought in a way, you and many other people seem not to. There are two ways to go about this shit:
Industry XYZ is good, and growing. I like that industry, I should learn skills that will make me valuable to that industry. May not be the dream job I wished for as a kid, but I can get somewhere in life and be happy I think.
or
I am going to follow my dreams and get an education in what-ever-the-fuck I want. They say college degree is needed, and I’ll have one. There will be a job out there for me when I’m done, I have skills that make me valuable.
You see the world in #2.
These comapnies want to hire #1’s. They aren’t there, so they take proven talent from within and bring up their value. This is expensive, but not as expensive as taking a risk on someone without the training that may or may not work out.
Personal responsibility trumps the world owes me a favor, every single time.
If they really were interested in hiring, they would hire those people and train them.
No shit. Because most likely those people are good if other companies kept them around with 10% unemployment.
But you didn’t read the article.
[quote]It also very likely that many of those jobs are fictitious and created by HR to justify their existence.
[/quote]
This has no basis in the real world. In fantasy facebook prophet world maybe, but in real life, no.
There are several good reasons to vote for Obama that I can think of, and a ton of reasons to pick him over Romney.[/quote]
LOL…
Most of the people who will be voting for Obama are the following:
Those on the public dole as Obama has proven to be the food stamp President. There are now 45 million people getting food stamps! That figure has never been higher and it continues to grow.
Unions, especially those who benefitted from Obama’s so called stimulus package (that did nothing).
The limousine liberals and the ivory towerists who are clueless on how the real world works.
Those 18-24 year olds who have been brain washed by their teachers (unions again) and/or their college Professors. And they’ve also had a healthy dose of Hollywood to steer them in the wrong direction.
If anyone thinks that Obama has done a good job they are usually in one of those four groups.
After all anyone who thinks that 41 straight months of unemployment over 8% is good they better think again. This is a record not including the great depression.
Obama has single handedly increased the debt by over 5 Trillion dollars in less than four years. That is more than Bush increased it in 8 years in office!
National health care is a great debacle (the monstrous bill that no one read). In this one massive bill, which is a take over of 1/6th of the entire economy by the federal government, we have the most massive tax increase in the history of the country. Including fines and penalty’s for not getting insurance.
I’ve said many times that LBJ was the worst modern day President and I will stand by that. However, Obama has over taken Jimmy Carter as the second worst President! And given another four years he will most assuredly top LBJ as the worst President in our modern era.
If you are a hard working American who actually has a job and pays taxes there is absolutely no reason for you to vote for Barack Obama and a very long list of reasons why you shouldn’t.
(You’ve always been a clown Schlenkatank but your recent post puts you in a class by yourself–Keep em’ coming very funny stuff)
