Posted on 10/24/2010 4:41:44 PM PDT by My Favorite Headache
Airing right now...said the real unemployment is at 17.5%...showing tons of people with masters, bachelors, phd's, you name it...unemployed for 2 years...can't even get jobs at Target.
Wow, 60 Minutes? The program that gave Obama his jump start to the Presidency......
>>2. They have no clue how to increase employment (and just implementing “more tax cuts” and “slashing regulations” isn’t going to do it).
>
>Ever run your own businesses? I have, and still do so. Cut my taxes and stop new regulations, and promise both will stay that way for 5 years, and I’ll hire right now. As will a lot of businesses.
>You don’t hire now because you don’t know what the tax situation will be, or what new regulation will be dropped on you as well. So you bunker down and just get along, for now.
What about if they said this was the new tax policy:
— All [personal] income will be taxed at 10%, no exceptions, no exemptions, no credits.
— All sales will be taxed at 5%, regardless of items sold.
— The federal government will not change these terms, or add new taxations thereon, before 2020; all other federal taxation is hereby repealed.
Your memory is better than mine!
Oh my gosh. That white margarine. I came home from school and my mother, who was working at the time, was too tired to mix in the yellow dye. It was hard work mixing it in. We kids wouldn’t touch it if it was streaked.
We were spoiled brats even in wartime thanks to being born to old parents who were thrilled to finally have two little girls, nasty little things tho we were.
My post from another thread on the same subject..
Just watched the story on 60 Minutes.
Not once in the story were the words “Democrat” or “Obama” mentioned by the Reporter or any of the people being interviewed.
You can bet your last dollar that if Bush was President and there was a Republican majority in Congress, they would be the central part of the story.
The manipulation of the people by the Western Edition of Pravda continues.
They are exposing it because they want people to feel hopeless, like the only HOPE is the government. Think about how the liberals hate the movie, “Secretariat”, and think about how this program sends just the opposite message and you will understand.
|: Oh happy day
Oh happy day :|
—
|: Oh happy day :|
Oh happy day
When Jesus washed
Oh when he washed
When Jesus washed
He washed my sins away!
|: Oh happy day
Oh happy day :|
—
|: Oh happy day :|
Oh happy day
When Jesus washed1. He taught me how
He taught me
Taught me how to watch
He taught me how to watch
and fight and pray
|: fight and pray :|
yes, fight and pray
—
2. And he’ll rejoice
and He’ll, and He’ll
rejoice in things we say
and He’ll rejoice
in things we say
|: things we say :|
yes, things we say
—
Oh when he washed
When Jesus washed
He washed my sins away!
|: Oh happy day
Oh happy day :|
I knew there was something off with those words to the song. I think that this is the correct verse:He taught me how to watch. The movie had a combination of the two versions.
G
Watch and pray
D
Watch and pray (Watch and pray)
G C G
And live rejoicing every day
D
Every day (Every day)
I’d like that, but again - it’s meddling with the structure already. FIRST, just stop tweaking. Stop the changes. Let it stabilize as it is RIGHT NOW, and promise to keep it that way for 5 years while you discuss and decide what to do in the future.
The number one obstacle to progress is changing the rules of the game. For now, the BEST thing that could be done would to just stop changing. Hold fast, and let business get its feet back underneath. THEN go forward.
My Mother hated that stuff growing up.
In our house, it was Butter or nothing, she wouldn’t allow Margarine.
That would be me, my brother, my cousin, my son...
Not enough, IMO.
Were I given the “Magic Control Wand” I’d call in the head of EVERY governmental organization/agency/bureaucracy and ask them this one question:
“In one sentence, what does your agency do?”
If they do not give a reason that appeals to the Constitution [that is to say a Constitutional justification] then that agency would be disbanded.
The Air Force would be disbanded or rolled back into the Army “from whence it came;” and the active duty Army would be given a budget of $100 Million (ie virtually disbanded; the founding fathers never wanted a standing army anyway). {The people are to be armed anyway, this is why the Constitution gives Congress the power to “call forth the militia.”}
So, um, yeah; if I “were in charge” I’d make even some hardcore republicans/conservatives “shit a brick.”
The first thing that has to be addressed is to stop MORE people from joining the labor pool - ie, immigrants.
We need to create 125,000 to 150,000 jobs per month, every month, to keep up with labor force growth due to immigration. When we’re in a situation as we are now, that’s got to be the first thing we address: quit making the employment problem bigger. This is right out of the lesson of life #1: “When you realize you’re in a hole, stop digging.”
This, BTW, echoes what happened during the last debt deflation in the US (ie, the Depression). Immigration controls became rather tight by the end of the 30’s because we could not create enough jobs for the people already here. Today, the situation is only worse. Much worse.
I would include H1B visa limits in the immigration issue. If US grads went through the trouble of getting a technical degree, then US business can pay their wages instead of employing H1B applicants. I’ve worked in SIlly Valley and I know for a fact that the H1B visas are the biggest scam going. Employers love H1B employees because they’re effectively indentured servants.
For those who want to complain about the higher cost of labor, I have this retort: We settled the issue of cheap labor in the US in April, 1965.
The Germans pay their employees rather handsomely, and yet they’re able to export their way to a trade surplus. How is that? I’d also NB that the German political class is now taking on their own immigration issue in a way that would cause NPR commentators here to lose bladder control if we said the same things here.
Next issue is to take on China over the peg. Either they can drop the peg, or we start raising tariffs. We’ve talked enough about this for years. Policy makers worry they won’t buy our debt. Well, if we slash spending, we don’t need to worry about the PRC buying our paper. The current “beggar thy neighbor” approach to trade by competitive currency devaluation isn’t going to solve the problem. Time to quit mouthing these idiotic “free trade” mantras and deal with the problem head-on.
Last big issue: We need to restore confidence in US financial markets.
The Fed needs to be audited, out in the open, for real. The Fed unquestionably was at the root of the housing bubble, making money far too easily available at far too low a cost. Right now, they’re deliberately devaluing the US dollar in a tactic that hasn’t worked for the first $2T they’ve done, and now they’re talking over another trillion that they might use for QE. Not once in this mess have they exercise prudent regulatory oversight, they bailed out AIG without any authority to do so, effectively committing the US taxpayer without any vote in Congress. Heads need to roll here too.
Then we need to take on Wall Street, head-on. There is rampant fraud and theft happening in the open on Wall Street, and yet the perps are allowed to pay a fine and walk away scot-free. Goldman paid $550mil - but that reduces their alpha only a tad for one quarter. The SEC just let Mozilo off with a $65 mil fine for what were clearly criminal securities fraud, wire fraud, etc actions. Yet he still gets to walk with over $100 mil of ill-gotten profits from the sale of his stock and ownership interest in Countrywide. No one from Lehman has been charged yet, and there’s ample evidence of criminal actions coming out of post-mortem exams of their books.
The financial system will not reform unless and until a whole boatload of these clowns are perp-walked out of their offices and into a court, charged with felony indictments and then tried, sentenced and stripped of their ill-gotten gains. There’s abundant evidence now of criminal action in the entire housing bubble mess, and yet the government continues to look the other way, allowing these clowns to rip off investors.
Those are the high spots of what would be my agenda in office.
I’m talking WWII, sweetie. You couldn’t get butter.
I refuse to eat margarine myself now.
This is a mighty curious event. The MSM is the utter pawn of the ruling class elites of the left. Why they would run this damning report just ten days out from the Democrats' worse election loss in a lifetime, is beyond me.
Something huge just happened behind the scenes, and I'd really like to know what it is.
>I’d like that, but again - it’s meddling with the structure already. FIRST, just stop tweaking. Stop the changes. Let it stabilize as it is RIGHT NOW, and promise to keep it that way for 5 years while you discuss and decide what to do in the future.
The problem is that if we stopped all changes RIGHT NOW the “stabilization” would be the same stabilization a corpse has. Do you really think things like the ObamaCare bill and the Dodd-Frank Finance Reform bills DON’T have time-bombs in them?
In 2014 it becomes a FELONY not to have health insurance thanks to Obamacare; that little fact is going to have some major impacts on people [and therefore businesses].
If its a pharmaceutical product of any kind, trust nothing that isn’t American, Canadian, Western European (draw the lines like the Cold War) or Australian.
Whatever the reason, they're acting out of self-interest, perhaps self-preservation.
I agree with you. The accounts I’ve read from the Depression express the same frustration by businesses and farmers at the rate of regulatory and other change coming out of DC in those days. They honestly did not know what to do. For many in business, the war was a relief, because then there was a PLAN: “Win the war.” OK, now with a plan, expansion could begin.
After the war, there was a heck of a recession from ‘46 to ‘48 or so, as, once again, business had to absorb a large amount of change.
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