A sign of things to come as a result of the failures of the Dims.O and his cronies celebrated the “Good News!” that unemployment dropped to 7.4% (blacks 12.6%) this month. Nevermind that number dropped because millions of Americans have just quit looking for work since O took office.The workforce participation number for working adults is now the lowest since the Great Depression. Only 63% of working age people now hold a job!Also of the 192k jobs created last month(well under what’s needed to account for new workers), ONLY 90k were full-time positions and more than half were low-paying retail and restaurant jobs.The Left Angeles Times reported today that a 36% of “young adults” (age18-31) still live with their parents, an all-time high!How’s all that Hopey Changey stuff working for ya?
Total baloney. The stimulus ended the recession — look at any jobs chart, and you can spot the moment that stimulus spending started by the surge in jobs. It has ended, and to no one’s surprise, jobs have leveled off.
I really believe in business making profit.but..what individual needs to earn millions per year when the persons makingthat money for them can’t have more than survival wages?Something is haywire here.
“uhh – state senator, not going to DC.You must live up to your ‘handle’ if you think every single person in a political party thinks 100% the same.Let’s try to not be mean / hating & simplistic. Have you read anything about the man – or is this just an auto-reflex liberal knee jerk reaction?”-It’s just an auto-reflex knee jerk reaction. -I do know that he campaigned on producing jobs and I also know that he didn’t get nominated, let alone elected, without the approval of the party. And Republican efforts to produce jobs have resulted in 40 repeals of Obamacare.-I also know that every state where Republicans have take power, they have legislated voter suppression and made abortion illegal as much as they can.-While I agree that not every party member thinks alike, Republicans are very effective at enforcing their ‘principles’ and they operate in lockstep. Any Republican who deviates from the orthodoxy gets primaried like Lugar in Indiana and the senator from Utah. -Knee jerk reaction, admitted. Then again, what differences should we expect from Vidak?
Morgenthau believed in balanced budgets, stable currency, reduction of the national debt, and the need for more private investment. The Wagner Act regarding labor unions met Morgenthau’s requirement because it strengthened the party’s political base and involved no new spending. Morgenthau accepted Roosevelt’s double budget as legitimate — that is, a balanced regular budget, and an “emergency” budget for agencies, like the Works Progress Administration (WPA), Public Works Administration (PWA) and Civilian Conservation Corps (CCC), that would be temporary until full recovery was at hand. He fought against the veterans’ bonus until Congress finally overrode Roosevelt’s veto and gave out $2.2 billion in 1936. In the 1937 “Depression within the Depression”, Morgenthau was unable to persuade Roosevelt to desist from continued deficit spending. Roosevelt continued to push for more spending, and Morgenthau promoted a balanced budget. In 1937, however, Morgenthau successfully convinced Roosevelt to finally focus on balancing the budget through major spending cuts and tax increases; Keynesian economists have argued that this new attempt by Roosevelt to balance the budget created the Recession of 1937.9 On November 10, 1937, Morgenthau gave a speech to the Academy of Political Science at New York’s Hotel Astor, in which he noted that the Depression had required deficit spending, but that the government needed to cut spending to revive the economy. In his speech, he said:10
“We want to see private business expand. … We believe that one of the most important ways of achieving these ends at this time is to continue progress toward a balance of the federal budget.”
His biggest success was the new Social Security program; he reversed the proposals to fund it from general revenue and insisted it be funded by new taxes on employees. Morgenthau insisted on excluding farm workers and domestic servants from Social Security because workers outside industry would not be paying their way.11 He questioned the value of the deficit spending that had not reduced unemployment and only added debt:6
“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot.”12
To reduce the deficit he argued for increased taxes, particularly on the wealthy.
“We have never begun to tax the people in this country the way they should be….. I don’t pay what I should. People in my class don’t. People who have it should pay.”12
“I had been seeing 35-38 hour work weeks for the past 4 decades – to get around the 40-hour full time. When did 29.5 come into being? REALLY – bias / slants aside – I really want to know when 29.5 hr/wk became prevalent.”I used to work weekends at a local convenience store as a favor to the manger. The parent company offered benefits to employees who had a normal work week of 30 hours or more, but directed the store managers not to schedule employees for enough hours to qualify. Evening shift employees were scheduled for a standard 8 hour shift 3 nights a week. The day shift employee who assisted the manager worked 4 6-hour days per week. The managers themselves were expected to work 50 hours per week with exempt status and expected to work any additional hours required to fill in for employees who could not work their shift or find a sub. The store was little more than a revolving door. People would work there long enough to gain experience, then quit to work for another local convenience store at higher salary and a longer work week.
“Even with the loss of the District 16 seat, last held by Democrat Michael Rubio, the dominant party still holds a two-thirds supermajority in the state Senate.”
braindead Premium Member almost 11 years ago
How long before he demands repeal of Obamacare and abortion being made illegal? You know, jobs!, jobs!, jobs!.
ConserveGov almost 11 years ago
A sign of things to come as a result of the failures of the Dims.O and his cronies celebrated the “Good News!” that unemployment dropped to 7.4% (blacks 12.6%) this month. Nevermind that number dropped because millions of Americans have just quit looking for work since O took office.The workforce participation number for working adults is now the lowest since the Great Depression. Only 63% of working age people now hold a job!Also of the 192k jobs created last month(well under what’s needed to account for new workers), ONLY 90k were full-time positions and more than half were low-paying retail and restaurant jobs.The Left Angeles Times reported today that a 36% of “young adults” (age18-31) still live with their parents, an all-time high!How’s all that Hopey Changey stuff working for ya?
ConserveGov almost 11 years ago
Ya ya ya……..5 years later and still blaming the former boss. Try making that excuse at any other job and see what happens.
oneoldhat almost 11 years ago
yes drc American business owners should not expect to make any money
ARodney almost 11 years ago
Total baloney. The stimulus ended the recession — look at any jobs chart, and you can spot the moment that stimulus spending started by the surge in jobs. It has ended, and to no one’s surprise, jobs have leveled off.
woodwork almost 11 years ago
I really believe in business making profit.but..what individual needs to earn millions per year when the persons makingthat money for them can’t have more than survival wages?Something is haywire here.
braindead Premium Member almost 11 years ago
“uhh – state senator, not going to DC.You must live up to your ‘handle’ if you think every single person in a political party thinks 100% the same.Let’s try to not be mean / hating & simplistic. Have you read anything about the man – or is this just an auto-reflex liberal knee jerk reaction?”-It’s just an auto-reflex knee jerk reaction. -I do know that he campaigned on producing jobs and I also know that he didn’t get nominated, let alone elected, without the approval of the party. And Republican efforts to produce jobs have resulted in 40 repeals of Obamacare.-I also know that every state where Republicans have take power, they have legislated voter suppression and made abortion illegal as much as they can.-While I agree that not every party member thinks alike, Republicans are very effective at enforcing their ‘principles’ and they operate in lockstep. Any Republican who deviates from the orthodoxy gets primaried like Lugar in Indiana and the senator from Utah. -Knee jerk reaction, admitted. Then again, what differences should we expect from Vidak?
lonecat almost 11 years ago
Morgenthau believed in balanced budgets, stable currency, reduction of the national debt, and the need for more private investment. The Wagner Act regarding labor unions met Morgenthau’s requirement because it strengthened the party’s political base and involved no new spending. Morgenthau accepted Roosevelt’s double budget as legitimate — that is, a balanced regular budget, and an “emergency” budget for agencies, like the Works Progress Administration (WPA), Public Works Administration (PWA) and Civilian Conservation Corps (CCC), that would be temporary until full recovery was at hand. He fought against the veterans’ bonus until Congress finally overrode Roosevelt’s veto and gave out $2.2 billion in 1936. In the 1937 “Depression within the Depression”, Morgenthau was unable to persuade Roosevelt to desist from continued deficit spending. Roosevelt continued to push for more spending, and Morgenthau promoted a balanced budget. In 1937, however, Morgenthau successfully convinced Roosevelt to finally focus on balancing the budget through major spending cuts and tax increases; Keynesian economists have argued that this new attempt by Roosevelt to balance the budget created the Recession of 1937.9 On November 10, 1937, Morgenthau gave a speech to the Academy of Political Science at New York’s Hotel Astor, in which he noted that the Depression had required deficit spending, but that the government needed to cut spending to revive the economy. In his speech, he said:10
“We want to see private business expand. … We believe that one of the most important ways of achieving these ends at this time is to continue progress toward a balance of the federal budget.”His biggest success was the new Social Security program; he reversed the proposals to fund it from general revenue and insisted it be funded by new taxes on employees. Morgenthau insisted on excluding farm workers and domestic servants from Social Security because workers outside industry would not be paying their way.11 He questioned the value of the deficit spending that had not reduced unemployment and only added debt:6
“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot.”12To reduce the deficit he argued for increased taxes, particularly on the wealthy.
“We have never begun to tax the people in this country the way they should be….. I don’t pay what I should. People in my class don’t. People who have it should pay.”12Jason Allen almost 11 years ago
“I had been seeing 35-38 hour work weeks for the past 4 decades – to get around the 40-hour full time. When did 29.5 come into being? REALLY – bias / slants aside – I really want to know when 29.5 hr/wk became prevalent.”I used to work weekends at a local convenience store as a favor to the manger. The parent company offered benefits to employees who had a normal work week of 30 hours or more, but directed the store managers not to schedule employees for enough hours to qualify. Evening shift employees were scheduled for a standard 8 hour shift 3 nights a week. The day shift employee who assisted the manager worked 4 6-hour days per week. The managers themselves were expected to work 50 hours per week with exempt status and expected to work any additional hours required to fill in for employees who could not work their shift or find a sub. The store was little more than a revolving door. People would work there long enough to gain experience, then quit to work for another local convenience store at higher salary and a longer work week.
pirate227 almost 11 years ago
“Even with the loss of the District 16 seat, last held by Democrat Michael Rubio, the dominant party still holds a two-thirds supermajority in the state Senate.”