Full of the same as this truck.
Posted on 04/09/2010 4:35:12 AM PDT by Woebama
From the article:
Change a few words (Reagan to Obama, Democrats to Republicans, 1984 to 2012) and you have an accurate description of the current political climate. Could the Republicans be as wrong now as the Democrats were then?
The author reveals a complete ignorance of the differences in policies between Reagan and Obama. In 1984, tax rates had been slashed for the country's best wealth creators. Today's President is hell-bent and determined to do the complete opposite.
It's the policy, stupid. A fairer comparison would be Hoover and Obama. Both decided to raise taxes on the greatest wealth creators during an economic downturn. Both decided to implement protectionist trade policies. And both did nothing to coax an increase in investment in America. Perhaps the NYTimes can tell us how that 'appears'.
I don't know about that. It may be able to survive a little longer. All the socialist leaders before ours have killed off hundreds of thousands of their own people in an attempt to stay in power. Now, we find out the H1N1 virus shot actually makes people more susceptible to every virus that comes along, and the people who were encouraged to get it were of breading age. So, the population will be drastically reduced soon. With less feeders, there's more money left to "spread around".
Company I work for will be announcing layoffs in the next few months...in addition to ones already done last year. Only green shoots are in gubmint jobs.
Temp hiring and an uptick in Trucking ALWAYS determine what the economy will be doing in six months.Everything in this nation moves by tractor trailers.
I work in logistics and we usually hire quite a few temps when future orders rise. Right now we have trucks sitting idle with zero future hiring for temps.
People I have worked with who have been in the industry for 30-35 years have repeatedly said this is the worst they have seen ever. Even worse then the Carter years or oil embargoes.
Full of the same as this truck.
The government is spending so much federally and locally I don’t see how anyone but the govt workers and wall street firms can recover in this mess as all the money being spent is going to those sectors.
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That’s what I see too. I’m shocked by the passage of banking laws related to consumers. First they got rid of usury laws so the revolving credit burden on regular people went up radically. Then they got rid of the ability to get out of all your revolving credit debt through bankruptcy so the consumer was trapped by the usury. Then they held down mortgage interest rates (while charging 20 something percent to many on credit cards), enticing big chunks of the population to overleverage without fixed rates, leading to foreclosures. Then they bailed out the banks with tax dollars. So the consumer pays usurious rates on revolving credit, can’t escape from it, can’t trust market signals related to mortgages which is general the biggest expenditure of a “consumer’s” life, and then is taxed to pay for the bankers “mistakes.” I put consumer in quotes because we are talking about families, Dad’s and Mom’s, retirees, Grandpas and Grandmas, Newlyweds . . . you know people. Mistake is in quotes because it isn’t really a mistake if you are not moral to gamble with other peoples money . . . heads I win and I’m a centimillionaire, tails I lose and I’m a millionaire.
3.5 million out of work since BO took office.
He is a hoax. The recovery is coming back in a small way DESPITE his stench. But his actions are RETARDING (yes, I used the word RETARDING) the economy, and generating mountains of debt. (More debt, I think I saw somewhere, than the other 43 presidents before him combined...)
Great post. I think you got that right.
People are coming up for air and are taking a deep breath before the real dive!
They continuely say that the numbers have improved compared to the depths of the recession. well of course, but how do the numbers compare to say five years ago?? Whatwas the unemployment rate then?
Thanks. Be my guest.
Bullshit! WE have no heavy industry left. And the EPA is regulating the light industry out of business.
We just looked at our first quarter numbers yesterday.
Sales are down 40% over this time last year. And last year SUCKED.
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Yah, that’s what I’ve seen on the sales side as well. I’ve had more jobs in sales in this recession than I care to admit and at every one of them the numbers have been falling. One job I switched because they didn’t make payroll two checks in a row. Had to hold the check over the weekend to the Monday following twice. Haven’t heard anyone say, “yup, it’s turned around for us now.” Most recent job was a 4 year old startup where the year before they had a puff piece published that they were going to expand their sales force from 30 to 70 in the upcoming year (the sort of puff piece that the “start a business and sell it” types know how to get done for them). When I came in they had 28 salesmen . . . 3 months into the next year after they allegedly started with 30 and were expanding to 70.
And how is the NYT’s financial position improving?
BWAAAAAHHH!!!
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Best post in the thread so far!
I went 3 pages deep in the comments section and nobody is drinking the Kool Aid, not even the lefties, with the exception of a few “it’s Fox News/Rush Limbaugh’s fault” types.
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It was linked to on Drudge though so it’s not the “all lefty” comments you’ll typically get at the NYT.
Yep corporations and small businesses are afraid of spending their money.
Good post. I hear what you are saying. But most of the country pays fees to banks and interest. We don’t make money from them and we are not better off. And yes, stock ownership is high in terms of percentages — but the average amount owned won’t get you through the year is my bet (I did a quick search but couldn’t find the figure), I bet much less a house or retirement — so the mass of people won’t be helped in any big way by rising stock market.
Very odd set of circumstances.
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Nod. Think we are in uncharted territory with the socialization of the world’s largest economy.
It’s the policy, stupid. A fairer comparison would be Hoover and Obama. Both decided to raise taxes on the greatest wealth creators during an economic downturn. Both decided to implement protectionist trade policies. And both did nothing to coax an increase in investment in America. Perhaps the NYTimes can tell us how that ‘appears’. ____________________________________________________________
And Roosevelt and Obama. Both increased government spending radically and both have presided over abnormally long recessions.
I work in logistics and we usually hire quite a few temps when future orders rise. Right now we have trucks sitting idle with zero future hiring for temps.
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That sounds like the real deal, no bs. Thanks for the info. Not that I personally can do much with it!
Friday morning funnies quote: “Increased jobless claims always point to a recovery. And my massive beer gut always entices bikini models to my front door.”
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