The haves and the have nots

#1
lawgator1

lawgator1

Senior Member
Joined
Aug 8, 2005
Messages
72,756
Likes
42,931
#1
Breaking news is that U.S. poverty rate climbed to 15.1 %, the highest since 1993. And meanwhile U.S. corps are reporting biggest profits of all time and Wall Street execs are getting bonuses of $15 million to $20 million.

Implications? Causes?
 
#2
#2
smart people are still making money while those without an education are slipping behind in a 21st century global economy
 
#3
#3
lawgator1 said:
Breaking news is that U.S. poverty rate climbed to 15.1 %, the highest since 1993. And meanwhile U.S. corps are reporting biggest profits of all time and Wall Street execs are getting bonuses of $15 million to $20 million.

Implications? Causes?
Click to expand...

Sounds like Obama is failing
 
#7
#7
lawgator1 said:
Breaking news is that U.S. poverty rate climbed to 15.1 %, the highest since 1993. And meanwhile U.S. corps are reporting biggest profits of all time and Wall Street execs are getting bonuses of $15 million to $20 million.

Implications? Causes?
Click to expand...

I don't really care that the poverty rate is high. Poverty is an arbitrary number that means nothing ($10K per year makes you the wealthiest 20% of the world, but it's poverty here).

I am more concerned with potential income mobility, and there isn't enough confidence in the marketplace which results in less opportunity which hits the poor the hardest.
 
#8
#8
poverty rate, if you can afford cable, cell phone and an iphone, you're not in poverty.
 
#9
#9
lawgator1 said:
Breaking news is that U.S. poverty rate climbed to 15.1 %, the highest since 1993. And meanwhile U.S. corps are reporting biggest profits of all time and Wall Street execs are getting bonuses of $15 million to $20 million.

Implications? Causes?
Click to expand...

"shovel ready jobs" weren't quite as shovel ready as we had hoped.-POTUS
 
#11
#11
Had a family member told in an interview the other day the the company (very large company) he was seeking employment from had a freeze on hires. The reason he was blatantly given was they do not want to help unemployment numbers until a republican takes office. He was actually told this.

All they want is "government incentives" in the form of tax cuts before they start to hire again, even though record profits are recorded. The greed in corporate USA is discusting. It has nothing to do with who is in office.
Everyone wants to be critical of the welfare programs assisting American people and want to "take them off the teet", yet the only thing that really happens is these programs get cut in favor of passing the tax savings onto big business. In turn, big business stays greedy and never really takes it upon themselves to improve unemployment, average salary, and so on and so on. Fat cats get thier pockets padded and nothing really changes. Trickle down economics are a joke, people are too greedy for crap like that to work.
Posted via VolNation Mobile
 
#12
#12
Sorry but I don't believe your "Family Member". Run along now, I'm sure you got a union rally to attend

Posted via VolNation Mobile
 
#13
#13
VolsNSkinsFan said:
Sorry but I don't believe your "Family Member". Run along now, I'm sure you got a union rally to attend

Posted via VolNation Mobile
Click to expand...

But the last part was a sweet little manifesto about how some are rich because others are poor.
Posted via VolNation Mobile
 
#14
#14
OHvol40 said:
Had a family member told in an interview the other day the the company (very large company) he was seeking employment from had a freeze on hires. The reason he was blatantly given was they do not want to help unemployment numbers until a republican takes office. He was actually told this.

All they want is "government incentives" in the form of tax cuts before they start to hire again, even though record profits are recorded. The greed in corporate USA is discusting. It has nothing to do with who is in office.
Everyone wants to be critical of the welfare programs assisting American people and want to "take them off the teet", yet the only thing that really happens is these programs get cut in favor of passing the tax savings onto big business. In turn, big business stays greedy and never really takes it upon themselves to improve unemployment, average salary, and so on and so on. Fat cats get thier pockets padded and nothing really changes. Trickle down economics are a joke, people are too greedy for crap like that to work.
Posted via VolNation Mobile
Click to expand...

If they had a freeze on hires, why were they interviewing?
Posted via VolNation Mobile
 
#17
#17
pl3 said:
If they had a freeze on hires, why were they interviewing?
Posted via VolNation Mobile
Click to expand...

Knew someone who called in a favor to meet with the regional manager.
Posted via VolNation Mobile
 
#18
#18
VolsNSkinsFan said:
Sorry but I don't believe your "Family Member". Run along now, I'm sure you got a union rally to attend

Posted via VolNation Mobile
Click to expand...

Believe or don't, but thumbing your nose with no real coherent rebutle just makes you look simple. If you don't agree, please, I'm glad to hear about it, but if you are just being arrogant because you are uncomfortable with actually ingaging in banter, then I'll just go ahead and make perfectly good use of the ignore feature......


I'm sure we will now hear your next clever quip... Unless you are too busy taking in some "fair and balanced" propaganda.
Posted via VolNation Mobile
 
#19
#19
lawgator1 said:
Breaking news is that U.S. poverty rate climbed to 15.1 %, the highest since 1993. And meanwhile U.S. corps are reporting biggest profits of all time and Wall Street execs are getting bonuses of $15 million to $20 million.

Implications? Causes?
Click to expand...

Upward mobility has been made much more difficult by big gov't, high taxes, a complicated tax code, sweetheart deals for donors, regulation, etc. People who play by the rules, work hard, sacrfice, and provide a worthy product to the market... don't necessarily succeed now.

Paul Ryan was talking about that tonight on tv. Gov't picks winners and losers rather than letting people earn their own. BTW, he was advocating the reduction of tax rates coupled with a massive closing of loopholes. I'm pretty sure it was not that long ago that you were saying the GOP wasn't interested in this... yet they've already proposed it as legislation.

On the other side... people have been made comfortable in "poverty" and told by liberals that they are entitled to the wealth of other people and must empower them to get it for them.
 
#20
#20
OHvol40 said:
Had a family member told in an interview the other day the the company (very large company) he was seeking employment from had a freeze on hires. The reason he was blatantly given was they do not want to help unemployment numbers until a republican takes office. He was actually told this.
Click to expand...
Depending on the size of the company... your family member would have to be interviewing for a very high position for someone to tell him this that had the power to make it policy.

Businesses are in business to make a profit and to survive. Right now, they're afraid that if they invest Obama will tax it or regulate away not only their profit but their business. He has varied from having near total ignorance of private sector economics.... and overt antagonism toward private business.

Businesses don't trust Obama... because he has given them reason not to trust him.

All they want is "government incentives" in the form of tax cuts before they start to hire again, even though record profits are recorded. The greed in corporate USA is discusting. It has nothing to do with who is in office.
Click to expand...
Do you have any idea what the avg company in a mature industry makes in after tax profit? If you don't... you need to learn before talking about greed.
Everyone wants to be critical of the welfare programs assisting American people and want to "take them off the teet", yet the only thing that really happens is these programs get cut in favor of passing the tax savings onto big business.
Click to expand...
I see. It is greedy if companies want to make a profit, keep some of it, and expand their business to create more wealth for our society... and usually more jobs. But it is NOT greedy to expect something you did not earn so you can consume it while returning absolutely nothing to the nation's collective wealth... Is that what you're saying?
In turn, big business stays greedy and never really takes it upon themselves to improve unemployment, average salary, and so on and so on.
Click to expand...
Go start a business. Surely if they are that greedy and making that much you should be able to overpay people, cut your profits, and so on and so on while staying afloat.
Trickle down economics are a joke, people are too greedy for crap like that to work.
Posted via VolNation Mobile
Click to expand...

Yeah... except that it did. It worked for JFK. It worked for Reagan. It worked for Bush to the extent that he did it. All three of these men took over troubled or recessed economies. All three cut taxes on the "rich". All three saw economic growth pull the country out of recession, drive unemployment down,... AND increase net revenues to the federal gov't. I guess if you don't use any tangible measure of economic success... you can argue it didn't work.
 
#21
#21
"I see. It is greedy if companies want to make a profit, keep some of it, and expand their business to create more wealth for our society... and usually more jobs. But it is NOT greedy to expect something you did not earn so you can consume it while returning absolutely nothing to the nation's collective wealth...
Is that what you're saying?"


This is where I have a minor hang up... Sure welfare can get out of control if mismanaged, but so can businesses. So if you trust people, who's only purpose is to turn the largest profit possible with no moral obligation to anyone else, by all means.... I personally have little faith in the people in charge to responsibly stimulate our economy. We all saw what happened when they were deregulated, after irresponsible lending and creating the giant bursting credit bubble, they had no problem taking a huge hand out that comes right out of OUR pockets.

Personally, I find it extremely difficult to trust any of our politicians to resurect our economy, but I find it impossible to trust big businesses to do it on their own. No way you hand them the keys unconditionally.
Posted via VolNation Mobile
 
Last edited:
#22
#22
Given the option between businesses and the government, you go with the businesses. At least they give a shat how they spend money.
 
#23
#23
OHvol40 said:
Believe or don't, but thumbing your nose with no real coherent rebutle just makes you look simple. If you don't agree, please, I'm glad to hear about it, but if you are just being arrogant because you are uncomfortable with actually ingaging in banter, then I'll just go ahead and make perfectly good use of the ignore feature......


I'm sure we will now hear your next clever quip... Unless you are too busy taking in some "fair and balanced" propaganda.
Posted via VolNation Mobile
Click to expand...


McDonalds already hired 50,000 fry guys this summer... Would adding 1 more really make a dent in the UE rate?
 
#24
#24
I tried to hire a dozen out of work guys over the summer at $12.00 an hour. Not one was willing to work because they were getting over $11.00 to sit on their ass.
Business, big or small, is not the freaking problem.
 
#25
#25
sjt18 said:
Depending on the size of the company... your family member would have to be interviewing for a very high position for someone to tell him this that had the power to make it policy.

Businesses are in business to make a profit and to survive. Right now, they're afraid that if they invest Obama will tax it or regulate away not only their profit but their business. He has varied from having near total ignorance of private sector economics.... and overt antagonism toward private business.

Businesses don't trust Obama... because he has given them reason not to trust him.

Do you have any idea what the avg company in a mature industry makes in after tax profit? If you don't... you need to learn before talking about greed.
I see. It is greedy if companies want to make a profit, keep some of it, and expand their business to create more wealth for our society... and usually more jobs. But it is NOT greedy to expect something you did not earn so you can consume it while returning absolutely nothing to the nation's collective wealth... Is that what you're saying? Go start a business. Surely if they are that greedy and making that much you should be able to overpay people, cut your profits, and so on and so on while staying afloat.

Yeah... except that it did. It worked for JFK. It worked for Reagan. It worked for Bush to the extent that he did it. All three of these men took over troubled or recessed economies. All three cut taxes on the "rich". All three saw economic growth pull the country out of recession, drive unemployment down,... AND increase net revenues to the federal gov't. I guess if you don't use any tangible measure of economic success... you can argue it didn't work.
Click to expand...

It worked for awhile during the Reagan era, but a lot of the jobs that were created as a result of the tax cuts no longer exist. Supply side economics is a thing of the past. There was a time when the wealthiest families in this country controlled many of our major industries. That dynamic no longer exists. Cutting taxes for the rich isn't going to be the job creator it used to be. Now, cutting taxes for small business owners will create jobs. Small business owners aren't the wealthiest people in the country though. Small business owners are middle and upper middle class
 
New posts
You must log in or register to reply here.

VN Store



Back
Top