Economy grows at fastest pace in 6 years

#27
#27
Membership in France's labor unions accounts for approximately 5% of the private sector work force and is concentrated in the manufacturing, transportation, and heavy industry sectors.
France (12/09)

In 2009, the US union membership rate was 12.3 percent.
Current Population Survey (CPS)
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It would appear that France is less unionized than the US, so that point doesn't make sense.

Could you tell me what you mean about accountability and people not being able to be fired?

I understand you don't agree with socialized health care.
 
#28
#28
VolInMn said:
This is true because we all know that events prior to Obama taking office had nothing to do with the economy in 2009. It's obvious to anyone that the economy was healthy and booming until that fateful day in January, 2009.
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Man, you a little sore or what!?
 
#29
#29
You guys are killing me over here. :)

As soon as someone tries to take an opposing stand in here, they're all sore and whiny and have no sense of humor. It's an internet forum. I certainly don't get "sore" from internet forums populated with people I don't know. ;)

I don't agree with the political views most peeps have in here, but it's doesn't make me sore. It's actually very interesting to me. It's fun. :)
 
#30
#30
VolInMn said:
I keep forgetting that bad things have everything to do with him and good things have nothing to do with him.
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Where were you when W. was president - this is what every D said.

Good news on the economy - hopefully it is sustainable.

My concern is that we saw a bump from inventory rebuilds and pockets of stimulus that are not true green shoots. We've seen the reversal in housing - the stimulus attempts gave an artificial bump then we went back to bad or worse. Cash for Clunkers gave a temp boost to car sales but now they are down again.
 
#31
#31
VolInMn said:
It would appear that France is less unionized than the US, so that point doesn't make sense.

Could you tell me what you mean about accountability and people not being able to be fired?

I understand you don't agree with socialized health care.
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that's because the govt's labor laws are very similar to the unions here in america. obama's attempts to get our whole country unionized is akin to changing our labor laws to be similar to france. it's virtually impossible to fire someone in france once you hire them fulltime just like it's virtually impossible to fire a union worker in this country unless he/she commits a crime. this is why france has among the highest unemployment for recent college grads in the world.
 
#32
#32
I remember the whole of France rioting when they tried to make the working week 40 hours instead of 35.
 
#34
#34
droski said:
that's because the govt's labor laws are very similar to the unions here in america. obama's attempts to get our whole country unionized is akin to changing our labor laws to be similar to france. it's virtually impossible to fire someone in france once you hire them fulltime just like it's virtually impossible to fire a union worker in this country unless he/she commits a crime. this is why france has among the highest unemployment for recent college grads in the world.
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I agree that it's harder to fire someone in France than it is here. An employer has to be able to prove (possibly in court) that the employee wasn't performing adequately or that the business can't afford to keep his position. Like many things, I understand the premise behind it but I'm not sure the execution of the idea is the most sound. I don't believe, however, that Obama is trying to model our labor laws after France's.


Employees should have some real rights, though. The older I get, the more I realize that no matter how loudly a company preaches that their people are their most important asset, the real truth is that they'll drop you in a half second if they think they can save 100 bucks a year in doing so.
 
#35
#35
Good numbers from a report does not matter to the 10% plus unemployed and those with lower wages, etc. Until the effects of these "good news" reports start affecting those taking the hits on this economy, they are meaningless.

Obama will paint this as wonderful news, it's all rosy, and we're in recovery. But where the numbers are that matter to those feeling this, the numbers are not so good.
 
#36
#36
VolInMn said:
I don't believe, however, that Obama is trying to model our labor laws after France's.


Employees should have some real rights, though. The older I get, the more I realize that no matter how loudly a company preaches that their people are their most important asset, the real truth is that they'll drop you in a half second if they think they can save 100 bucks a year in doing so.
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a) of course obama is trying to go to the european model. did you miss him bailing out the unions to a tune of $100 billion? did you also miss his statement that he believes all peopel in this country should be in unions?

b) what "real rights" should employees have? you have the right to leave your employer at any time for greener pastures unless you have a contract and they have the exact same right.
 
#37
#37
a) I did miss that. You have a link where I could read about both?

b) I guess it's not so much about rights as it is about loyalty or honesty. I've seen corporations smile and tell employees how important they are while at the same time reaching around to knife them in the back. I probably could have chosen a better word than "rights".
 
#39
#39
a) Of course I know about the Auto Industry bailout. Last time I checked, GM and Chrysler weren't unions. I'm assuming it's your contention that they were bailed out because of the unions and had the auto workforce not been unionized, there would have been no bailout?

I read that article but I still couldn't find where Obama said he believed everyone in the country should belong to a union. Where was that?

b) I guess I wouldn't do that without giving my employer a chance to match salary or whatever.
 
#41
#41
VolInMn said:
b) I guess it's not so much about rights as it is about loyalty or honesty. I've seen corporations smile and tell employees how important they are while at the same time reaching around to knife them in the back. I probably could have chosen a better word than "rights".
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employee theft is the biggest source of theft companies face.

employees abuse company time (like I am right now on the Interweb)

The notion that companies are the bad guys and employees are innocent victims is bunk.

Employees have tremendous rights
 
#42
#42
eh, I think this would be trumpeted around this forum had a Repub. been in office. It's the natural ebb and flow of the ecnonomy.

I always though Bush got too much credit for a booming economy and Obama is catching too much blame for a bad one. I certainly don't agree with what Obama is doing now, but the case against him would be much stronger had the economy been steaming along when he took over and then tanked.

Anyway you cut it, this is good news, especially for you wall street types around here. Hopefully it really takes off in every sector that matters.
 
#43
#43
5.7% growth versus whatever the decline was.

I think cash for clunkers is part of that number as well.

the number is encouraging, however, I doubt that it has anything to do with Porkulus or any Keynesian moves made by Washington DC.
 
#44
#44
MG1968 said:
5.7% growth versus whatever the decline was.

I think cash for clunkers is part of that number as well.

the number is encouraging, however, I doubt that it has anything to do with Porkulus or any Keynesian moves made by Washington DC.
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I can agree with your last statement and the second one is certainly feasible.

My two biggest gripes with Obama right now is the union pandering and this HC business. I've said all along the time was ripe to get meaningful HC reform passed but he instead he tried to cram something down our collective throats that nobody really wanted.
 
#45
#45
The labor market usually lags GDP by around 18-24 months. People crapped on Bush's tax cuts in 2003-04 because unemployment was still (for that time) high, even though GDP had rebounded. Given time, the labor markets improved, too.

If GDP growth continues this trend (it isn't guaranteed once the stimulus spending stops), my guess is that unemployment will start to decrease.
 
#46
#46
volfanjustin said:
The nation's economy declined 2.4 percent in 2009, the largest drop since 1946. That's the first annual decline since 1991.

This is Obama"s fault
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Really? You can't seriously be blaming Obama for inheriting an economy that was essentially a falling knife?

I'm not even an Obama voter...
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#50
#50
I heard about a WSJ article that says what the democrats are doing isn't even Keynesian economics, since, apparently, Keynes didn't like deficit spending. What Obama and Friends are currently perpetrating is Krugman economics, which is far more dangerous.

can't find the article though
 
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