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To: khnyny
I would surmise that businesses (like mine) have taken a beating for over two years (since Q2 2008). We had the largest revenue year ever in 2010. Our profits were high as well for a variety of reasons. Does that make us likely to hire more? Not at all. We're still basically operating at 2007 levels despite the higher revenue (I know that doesn't quite make sense, but it does in my industry, design/engineering software). Revenue/profit numbers can be grossly misleading as to what is actually happening. Business levels do not demand more manpower.

We're staffed where we need to be and will not hire until business actually breaks loose and we see a sufficient level of confidence in the market where our customers start to let go of their money. That just isn't happening yet. Everyone wants to believe that it is, but I'll believe when I actually see sales levels that are truly where they ought to be.

11 posted on 05/31/2011 7:18:40 PM PDT by Paco
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To: everyone

I just posted the following comment on a New Zealand blog site HERE:

http://www.interest.co.nz/opinion/53709/tuesdays-top-10-nz-mint-who-will-babyboomers-sell-their-houses-shadow-banking-system-b

Scroll down to:

by PhilBest | 31 May 11, 5:02pm

“Bernard, one MAJOR thing you and everyone else is missing.

There are TWO different USA’s. There are the “leftwing liberal” States, California, New York, Washington, Oregon, Florida. Then there is the heartland, the South, and the Bible belt, which I shall call “traditional USA”.

“Traditional USA” is NOT suffering negative consequences from outsourcing. They are the RECIPIENTS of 7-figures-per-annum population shifts from “leftwing liberal” USA, with business activity to match. “Traditional USA” did not have house price bubbles at all, and if it was a separate nation, it would be about the only one in the world with no economic crisis at all right now.

If you disaggregate the “USA total” figures, debt overhang is NOT A PROBLEM in “traditional USA”.

The outsourcing that you are compaining about, is almost entirely the consequence of anti-business politics in “leftwing liberal” USA - more of the “outsourcing” is going to “traditional USA” than to Asia. Boeing is going to North Carolina - just the latest and most prominent example in a several- years-long trend. Car manufacturing - and truck manufacturing, actually now more important than car - are thriving in “traditional USA”.

“Traditional USA” is a testimony to something. They have not lost their reason like most of the rest of Western civilization. They still believe in Judeo-Christian culture, which is a natural fit with freedom and free markets. There are even mainstream movements in some States to make Gold legal tender in-State. This is how intuitively clever these cornpone redneck bible-bashers still are.

Traditional USA is still humanity’s “last best hope”, the liberal leftwing States having abandoned this role for humanity. Freedom and free markets, low taxes, low regulations, low urban land costs, no politically correct pandering. Faith, family and flag. There is nowhere ELSE in the world today WORTH emigrating to; investing in; or starting a business in. Now for that green card lottery.......”

There is a very nasty reply from “Kakapo”, (scroll down a bit further) to the effect that he posted my comment on some forum in the USA (I reckon it was a liberal one like HuffPost), and he says what some of the responses were. Half of them are so ignorant as to have not understood my comment in the first place.

I responded:

by PhilBest | 01 Jun 11, 1:21pm
“Oh good, I stirred up the liberal leftist utopians and liars all right. They’re not so much desperate, as simply incapable of seeing reality.

“Experience beats in vain upon the congenital progressive”.
- C.S.Lewis.

I can see it from a mile away, that “Kakapo” put my comment up on some leftwing site like “The Nation” or HuffPost. I will do the same now on “Free Republic” and report back here later.”

Glad of what you guys would say in this bastion of common sense.


38 posted on 05/31/2011 7:56:33 PM PDT by PhilBest (PhilBest)
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