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US Corporate Profits - Highest ever last Quarter - yet no jobs to speak of

onthebottom

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all you said here..in bean counter bafflegab was what James said in post 2..
If that's your conclusion then either you didn't understand it or the last line applies to you.

OTB
 

onthebottom

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What Obama needs is the jobs market to turn on in 2011 or 2012 - which unfortunately for him, they are not saying is going to happen.
Yes, it's hard to know how low unemployment needs to go before it will no longer be a liability for his re-election. That said I think unless he does something really stupid he will be re-elected.

OTB
 

Fred Zed

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Bingo, add the uncertanty of health care expenses / policy and you have a good managers decision, which is to hold off on hiring until either the policies get set, the increased revenue is going to continue....

OTB
well... I do watch cnn, all I hear is that US small businesses hate the extra paperwork involved in complying with healthcare...all the more reason
for them to hire staff to help them with the paperwork. Have you ever considered how many labour hours US companies lose because some of their workers lack proper health care ? All Obama tried to do with Heathcare is move America from the dark ages. Good heath care is an investment.
 

onthebottom

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well... I do watch cnn, all I hear is that US small businesses hate the extra paperwork involved in complying with healthcare...all the more reason
for them to hire staff to help them with the paperwork. Have you ever considered how many labour hours US companies lose because some of their workers lack proper health care ? All Obama tried to do with Heathcare is move America from the dark ages. Good heath care is an investment.
It wasn't my intention to debate the often debated frankenstine healthcare law that the Dems rammed through (and took a shellacking for). You wanted to know why I didn't give Obama any credit for high unemployment while corporate profits were high, I attempted to answer your question.

BTW, here is a list of firms that have been granted waivers from the law.....

http://politisite.com/2010/11/16/wh...s-and-organizations-who-got-obamacare-wavers/

OTB
 

james t kirk

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Yes, it's hard to know how low unemployment needs to go before it will no longer be a liability for his re-election. That said I think unless he does something really stupid he will be re-elected.

OTB
I dunno.

Even the so called "liberal media" have really turned on him for some reason. He's got a flame thrower up his ass from the media these days - with frankly no justification.
 

Fred Zed

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It wasn't my intention to debate the often debated frankenstine healthcare law that the Dems rammed through (and took a shellacking for). You wanted to know why I didn't give Obama any credit for high unemployment while corporate profits were high, I attempted to answer your question.

BTW, here is a list of firms that have been granted waivers from the law.....

http://politisite.com/2010/11/16/wh...s-and-organizations-who-got-obamacare-wavers/
Y

OTB
You would have to show me the actual White House document that outlines the criteria for granting a waiver to prove wrong-doing or incompetence on the part of the govt.
It's not enough to provide a link to a right - wing blog ! Much as you hate it, you have to give POTUS some credit for the economic good news !
 

james t kirk

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well... I do watch cnn, all I hear is that US small businesses hate the extra paperwork involved in complying with healthcare...all the more reason
for them to hire staff to help them with the paperwork. Have you ever considered how many labour hours US companies lose because some of their workers lack proper health care ? All Obama tried to do with Heathcare is move America from the dark ages. Good heath care is an investment.
The very fact that Fox News has more viewers than MSNBC and CNN combined would seem proof to me that your average American doesn't even get the concept and simply buys blindly into the rhetoric being espoused by Fox. In short, the so called "Average American" eats that shit up.
 

onthebottom

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You would have to show me the actual White House document that outlines the criteria for granting a waiver to prove wrong-doing or incompetence on the part of the govt.
It's not enough to provide a link to a right - wing blog ! Much as you hate it, you have to give POTUS some credit for the economic good news !
I think the government in general and the POTUS in particular has very little to do with the economy - they have polices that held and hurt (mostly the latter) but that's on the fringe really.

You think high corporate earnings and high unemployment is good news?

OTB
 

onthebottom

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I dunno.

Even the so called "liberal media" have really turned on him for some reason. He's got a flame thrower up his ass from the media these days - with frankly no justification.
He lost an unprecedented number of house seats, he got his ass kicked, of course they are going to be hard on him... they're supposed to be hard on the POTUS all the time but in this case they've been shaking their pom poms a bit too long.....

OTB
 

T.O.tourist

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Anyway I don't know what my taxes will be for 2010. Should I close TERB ?
NO!!!

Holy fuck! Don't even joke about that, man.
 

GPIDEAL

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OTB: you forgot to give some credit to the POTUS..lol
For this to happen, some of his economic policies must be working ? True or false ?
If that were the case, why is unemployment still high (or has it reduced or is it reducing)?

One thing is certain. Many companies are outsourcing their production to China and East-Asia.
 

OddSox

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The very fact that Fox News has more viewers than MSNBC and CNN combined would seem proof to me that your average American doesn't even get the concept and simply buys blindly into the rhetoric being espoused by Fox. In short, the so called "Average American" eats that shit up.
Either that, or the "Average American" is actually smarter than you.

(insert winkie smilie thing)
 

JohnLarue

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Simplistic explanations of globalization and conspiracies are for the ill informed and simple minded.

OTB
Oh that is soooo true
It makes it so easy for them to whine, blame and complain and still feel that they understand
I would feel sorry for some the ill informed and simple minded if they were not so aggressive, self righteous and unwilling to even consider that they might be incorrect

The macro interactions of economies,taxation, government policy, profit levels and levels of employment are very complex and not always in sync on a short time scale.
Toss in the emergence of new powerful economic competitors and assigning straightforward cause and affect relationships is way too simplistic.
However for some it is an easy way to promote their agenda

When you observe that same agenda over and over and over again it calls into question their objectivity and credibility
 

Fred Zed

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ogibowt

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Oh that is soooo true
It makes it so easy for them to whine, blame and complain and still feel that they understand
I would feel sorry for some the ill informed and simple minded if they were not so aggressive, self righteous and unwilling to even consider that they might be incorrect

The macro interactions of economies,taxation, government policy, profit levels and levels of employment are very complex and not always in sync on a short time scale.
Toss in the emergence of new powerful economic competitors and assigning straightforward cause and affect relationships is way too simplistic.
However for some it is an easy way to promote their agenda

When you observe that same agenda over and over and over again it calls into question their objectivity and credibility
and the wheels of the truck go round and round....more text book drivel,,,hey you elitist economics professor wannabe, this is not a classroom, where you can spout babble, if you want to be taken seriously join the other neo con toadies from the Fraser Institute on their discussion board, where they will take your empty headed, soulless economic vooddoo seriously..
 

onthebottom

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JohnLarue

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and the wheels of the truck go round and round....more text book drivel,,,hey you elitist economics professor wannabe, this is not a classroom, where you can spout babble, if you want to be taken seriously join the other neo con toadies from the Fraser Institute on their discussion board, where they will take your empty headed, soulless economic vooddoo seriously..

Something intelligent next time please
 

Cobster

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regardless tax policy is just one of the many uncertainties that a business has to deal with. It's just one of many variables. A good manager will simply factor the uncertainty into his decision
model. I don't need to follow US politics to understand that!
As one brilliant member once said on this forum... "Zing!" ^So true.
 
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