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-   -   State of the economy (http://www.striped-bass.com/Stripertalk/showthread.php?t=79586)

justplugit 10-16-2012 12:01 PM
State of the economy
 
According to the Labor Department, about %15 of the workforce,or
1 worker in 7 is either unemployed or stuck working part-time because
he or she can't get full-time work.
%23 of prime working-age men, about 14 Million age 25 to 64, lack a
full time job.

Meantime Bloomberg in NYC is building 10 new shelters because
there are now 46,000 homeless in the city compared to 35,000 in 2008.

What a sad state of affairs. Time to put in a Businessman to correct
the horrendous failures of a Community Organizer.

BTW-another battery company, A123 of Waltham, having received Obama's
green taxpayer money went bankrupt today. Shares are down to 6 cents.
Another example of the pie in the sky "Green Economy" gone south.

Piscator 10-16-2012 12:19 PM
One of the better lines from Romney to Obama in the last debate regarding Green investments by the Obama administration "you don't pick winners and losers, you just pick losers".
Posted from my iPhone/Mobile device

spence 10-16-2012 01:10 PM
Quote:
Originally Posted by justplugit (Post 963705)
What a sad state of affairs. Time to put in a Businessman to correct
the horrendous failures of a Community Organizer.
Yes, perhaps Romney can restructure the USA for sale at a considerable profit :hihi:

You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking...

-spence

RIJIMMY 10-16-2012 01:26 PM
Quote:
Originally Posted by spence (Post 963719)
Yes, perhaps Romney can restructure the USA for sale at a considerable profit :hihi:

You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking...

-spence
the market has been fine, but hasnt translated to much for "main st"

spence 10-16-2012 01:28 PM
Quote:
Originally Posted by RIJIMMY (Post 963723)
the market has been fine, but hasnt translated to much for "main st"
That's because household debt has kept consumption down...this is starting to recover.

Yes, a lot of money has gone towards middle class tax breaks and assistance to the poor...without which things could be a hell of a lot worse.

-spence

striperman36 10-16-2012 01:35 PM
and companies are holding profits as 'cash on hand' not expanding.

I see JPT's numbers are actually being close maybe a little low 1 in 6 rather than 7

Fishpart 10-16-2012 01:38 PM
How about--- So you gave away 50 years of oil company "tax breaks" to Green Energy your first year in office with nothing to show for it..

Hows that for a poke in the eye..

buckman 10-16-2012 01:41 PM
Quote:
Originally Posted by spence (Post 963719)
Yes, perhaps Romney can restructure the USA for sale at a considerable profit :hihi:

You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking...

-spence
Amazing under this administration the top 1% have done so well!
Posted from my iPhone/Mobile device

spence 10-16-2012 03:13 PM
Quote:
Originally Posted by buckman (Post 963729)
Amazing under this administration the top 1% have done so well!
Posted from my iPhone/Mobile device
Not really that amazing.

-spence

RIJIMMY 10-16-2012 03:14 PM
Quote:
Originally Posted by spence (Post 963749)
Not really that amazing.

-spence
but contrary to everything they've been selling.

striperman36 10-16-2012 03:21 PM
Quote:
Originally Posted by RIJIMMY (Post 963750)
but contrary to everything they've been selling.
yes indeed it is. However, most of the growth in the world has been outside of the US.

spence 10-16-2012 03:22 PM
Quote:
Originally Posted by RIJIMMY (Post 963750)
but contrary to everything they've been selling.
Not at all, actually, just the opposite.

-spence

RIJIMMY 10-16-2012 03:25 PM
Quote:
Originally Posted by spence (Post 963753)
Not at all, actually, just the opposite.

-spence
so Obama and Biden have been successfully working to benefit the 1% of this country.
well hidie ho! theres news for ya!

spence 10-16-2012 03:29 PM
Quote:
Originally Posted by RIJIMMY (Post 963755)
so Obama and Biden have been successfully working to benefit the 1% of this country.
well hidie ho! theres news for ya!
No, I think they'd say the 1% will do fine regardless...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence

RIJIMMY 10-16-2012 03:47 PM
Quote:
Originally Posted by spence (Post 963757)
No, I think they'd say the 1% will do fine regardless...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence
no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.

spence 10-16-2012 04:43 PM
Quote:
Originally Posted by RIJIMMY (Post 963758)
no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.
Dude, Obama has proposed raising taxes on the 1% to help the country...because he knows they'll still be doing fine regardless.

No, don't try that.

-spence

scottw 10-16-2012 04:52 PM
Quote:
Originally Posted by spence (Post 963757)
...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence
where do you get this crap?

scottw 10-16-2012 04:53 PM
Quote:
Originally Posted by spence (Post 963774)
Dude, Obama has proposed raising taxes on the 1% to help the country...-spence
raising taxes on 1% won't help the country

justplugit 10-16-2012 05:42 PM
Quote:
Originally Posted by scottw (Post 963779)
raising taxes on 1% won't help the country
Your right, the only thing it would help is Obama's spending polocies.

Jim in CT 10-16-2012 05:49 PM
Quote:
Originally Posted by spence (Post 963774)
Dude, Obama has proposed raising taxes on the 1% to help the country...
Spence, please tell me how tax hikes that might generate $90 billion a year, help the country, when we are still spending $1 trillion + more than we take in.

Obama cannot stop talking about tax hikes that migt generate $90 billion a year. Our debt is $16 trillion. If you ignore interest, and assume we can put that $90 billion toward the debt (which we can't because of $1 trillio annual deficits), it will take just about 200 years to pay down the debt. And of course, that all ignores the additional $40 trillion we need to shore up SS and Medicare.

So Spence, tell me why $90 billion has any significant impact, why is it even worth mentioning.

I agree the top 1% won't go broke if we take more from them. But it won't put any measurable dent in our situation. If we could fix things by tweaking tax rates on the uber-rich, I'd be in favor. But it's pure bullsh*t, designed to get thoughtless lemmings on the left side fired up about class warfare. Obama spends a huge amount of time and effort talking about something that is mathematically menaingless.

You should know better Spence.

scottw 10-16-2012 06:58 PM
Quote:
Originally Posted by Jim in CT (Post 963799)
Spence, please tell me how tax hikes that might generate $90 billion a year, help the country, when we are still spending $1 trillion + more than we take in. convection

Obama cannot stop talking about tax hikes that migt generate $90 billion a year. Our debt is $16 trillion. If you ignore interest, and assume we can put that $90 billion toward the debt (which we can't because of $1 trillio annual deficits), it will take just about 200 years to pay down the debt. And of course, that all ignores the additional $40 trillion we need to shore up SS and Medicare.

So Spence, tell me why $90 billion has any significant impact, why is it even worth mentioning. good convection

I agree the top 1% won't go broke if we take more from them. But it won't put any measurable dent in our situation. If we could fix things by tweaking tax rates on the uber-rich, I'd be in favor. But it's pure bullsh*t, designed to get thoughtless lemmings on the left side fired up about class warfare. Obama spends a huge amount of time and effort talking about something that is mathematically menaingless.

You should know better Spence.
convection...I think Spence was cooking dinner tonight and as he put the Chicken Pot Pie into the oven he had a stroke of "genius"...

the 1% is just for starters, after that we go to work on the other 99%...it's not the spending or the size government that's the problem, it's the unfair and unreasonable amount of money that people earn that the government allows them to keep which could be better used by the government to establish a good convection that benefits all Americans:uhuh:

this is so easy.....

Fishpart 10-16-2012 07:34 PM
Quote:
Originally Posted by scottw (Post 963824)
the 1% is just for starters, after that we go to work on the other 99%...it's not the spending or the size government that's the problem, it's the unfair and unreasonable amount of money that people earn that the government allows them to keep which could be better used by the government to establish a good convection that benefits all Americans:uhuh:

this is so easy.....
Get the sheeple believing that taxes are all right, gvt will cure all our ills... Watch our money go overseas to the real 99% while the 1% here in the USA PAY UP 2016 Obamas America

We already funded Petrobas (who by the way is backed by Soros) to drill offshore while blocking drilling in the Gulf of Mexico.. Its not about energy, its about moving money around the globe.


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