Thread: Obamanomics: Planned Job Cuts Jump 41%, 5-Month High, Report Says

i bet the unemployment rate goes up in tomorrows jobs report.

Originally Posted by Big Pimpin

The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday.

you should try reading on how the Ancient Egyptians use of slaves, they dictate US unemployment rates. you don't know jack squat about economics Big Pimpin. just like it was a Ancient Egypt that ordered that the US build skyscrapers, then Carter signed the "build big stuff" bill to create the unemployment agency and the US built skyscrapers that happen to be the exact height of the Giza pyramid.

Originally Posted by DOMS

you should try reading on how the Ancient Egyptians use of slaves, they dictate US unemployment rates. you don't know jack squat about economics Big Pimpin. just like it was a Ancient Egypt that ordered that the US build skyscrapers, then Carter signed the "build big stuff" bill to create the unemployment agency and the US built skyscrapers that happen to be the exact height of the Giza pyramid.

Most people are too busy masturbating and eating KFC while watching Fox News to educate themselves about how the Ancient Egyptians dictate US policy. There are only 8,000 years worth of hieroglyphs on the topic.

If he gets re-elected CEO's are going to cut jobs like u wouldn't believe

Originally Posted by ctr10

If he gets re-elected CEO's are going to cut jobs like u wouldn't believe

CEO's are going to cut jobs because the EU is in full recession and it's going to hit the US just like it did it 2008. in 2008 US large firms cut capital spending and laid off far more workers than was needed to boost profits keeping stock shares high. it's why the US alone saw 50% of the total job losses in the OECD while having 25% of the total population. it's why US large firms saw profits increase 10% during the recession recovery and why their foreign counterparts saw profits decrease by 10% during the recession recovery as they did not do the same.

you guys don't know jack diddly squat about economics or it's effects...best not to "try" to understand economics by listening to the rhetoric of politicians...

Euro Crisis Grips Germany: OECD Predicts Recession in Fourth Quarter - SPIEGEL ONLINE

U.S. and Europe Have No Excuse for Next Recession - Bloomberg

OECD issues European recession warning | Marketplace.org

and dozens of other links on the topic if you did a simple search on EU and recession...

I will hire all of them, fucking sales just tripled from last year. From 4000+ solar panels to 14,500, November and December have historically been 10-20% over our October sales.... Thats just my company we have several new mainland competitors now....

not really rocket science...the US recession effected the EU and with the EU now falling back into recession it's coming full circle back to the US...

IMF and OECD: Europe will be hit hard by US recession | Global Research

IMF Predicts European Recession; Slowed Global Economy

European Recession 2012: How Would It Affect The US Economy?

Originally Posted by maniclion

I will hire all of them, fucking sales just tripled from last year. From 4000+ solar panels to 14,500, November and December have historically been 10-20% over our October sales.... Thats just my company we have several new mainland competitors now....

like solyndra ?

Originally Posted by Swiper

like solyndra ?

you mean the loan that was started under the Bush admin? the Solyndra loan guarantee was a multi-year process that the Bush admin launched in 2007..try reading the business and financial sections and not politics.

Originally Posted by LAM

CEO's are going to cut jobs because the EU is in full recession and it's going to hit the US just like it did it 2008. in 2008 US large firms cut capital spending and laid off far more workers than was needed to boost profits keeping stock shares high. it's why the US alone saw 50% of the total job losses in the OECD while having 25% of the total population. it's why US large firms saw profits increase 10% during the recession recovery and why their foreign counterparts saw profits decrease by 10% during the recession recovery as they did not do the same.

you guys don't know jack diddly squat about economics or it's effects...best not to "try" to understand economics by listening to the rhetoric of politicians...

Euro Crisis Grips Germany: OECD Predicts Recession in Fourth Quarter - SPIEGEL ONLINE

U.S. and Europe Have No Excuse for Next Recession - Bloomberg

OECD issues European recession warning | Marketplace.org

and dozens of other links on the topic if you did a simple search on EU and recession...

Lam I heard this on the bloomberg network, I hope to god you are independently wealthy, especially for some one who knows all the answers.

Originally Posted by ctr10

Lam I heard this on the bloomberg network, I hope to god you are independently wealthy, especially for some one who knows all the answers.

I am as is my family, I have no worries...also been following econ and the US economy for the past 25+ years and these day only about an avg of 8hrs a day. not much else to do when you have no kids in your mid 40's and are semi-retired and self-employed.

not quite sure why people would listen to politicians or the media when it comes to economics. you wouldn't for any other subject so why that one?

Originally Posted by LAM

I am as is my family, I have no worries...also been following econ and the US economy for the past 25+ years and these day only about an avg of 8hrs a day. not much else to do when you have no kids in your mid 40's and are semi-retired and self-employed.

not quite sure why people would listen to politicians or the media when it comes to economics. you wouldn't for any other subject so why that one?

Listen, god has spoken. Nice you are wealthy already and have all this time. The rest of us work for a living to better ourselves, not spend all day on the Internet reading economic studies that regardless of the content do nothing to change anyone's situation around the world. Bravo, all that you know goes to no avail.

Originally Posted by oufinny

The rest of us work for a living to better ourselves, not spend all day on the Internet reading economic studies that regardless of the content do nothing to change anyone's situation around the world. Bravo, all that you know goes to no avail.

I know i'm fortunate to have the life I lead which is why I only work part time and pay my workers as much as I can not as little as possible. I have mine, and have done what I can so others can get theirs, not the other way around.

the US shares "some" problems with other country's in the EU but most are isolated to the US and US economy. which is why are the country's of the EU not having the same problems as the US when they are much, much older with much higher taxes. before the 2008 recession the problems of the EU did not exist with the exception of that of Greece with goes back far in history. the global crisis spurred from the US financial sector and greed that has increased since the 80's.

do you not read studies in regards to working out? nutrition? supplements? and gear (most here do)? then why would a person listen to politicians about economics when they are not economists? would you ask a baker about your transmission?

Unemployment rate jumped up to 7.9%

Obama 2012 Forward!

October Unemployment Numbers Will Be Out at 8:30 A.M. EDT Today

When the October unemployment numbers come out today, one side will give a sigh of relief and one will be angry. We'll soon know which is which.
Update at 8:30 A.M. EDT. OK, we got it wrong, there is something for both sides in the BLS report. The unemployment rate is up slightly, from 7.8% to 7.9%, but nonfarm employment is up, too, with 171,000 more people working than in Sept. This apparent contradiction is possible because more people were looking for work than last month. Some of them found work and some didn't. Romney will focus on the 0.1% higher unemployment rate. Obama will say 171,000 new jobs were created last month. A split decision like this is not likely to affect the election much.

Mitt Romney Massachusetts Budget Targeted Programs For Poor, Disabled

Romney economics. he went full retard.

Romney targeted many programs that had been historically supported by both parties. He pushed to eliminate or gut more than 20 state programs serving veterans, disadvantaged children, and adults with severe physical disabilities. He also sought to cut money for breast cancer screenings, suicide prevention and programs that assisted the blind and the deaf.
These cuts would have totaled $26.8 million -- 2.2 percent of the $1.2 billion state budget deficit that Romney inherited upon taking office. None of these cuts were necessary for balancing the state's budget. All were overriden by the Democratic state legislature, and the state still closed its budget gap with room to spare.

Since these cuts were never enacted, Romney can technically tout a bipartisan budget record. The legislature eventually approved a budget that eliminated the deficit by closing tax loopholes for corporations, cutting other spending, and raising tolls and licensing fees. But Romney's unimplemented proposals reflect priorities reminiscent of the GOP federal budget proposed by his running mate, Rep. Paul Ryan (R-Wis.), which would slash food stamps, health care for poor children, public housing and other aid to the needy.

List Of States That Have Gained Income Under Obama - Forbes

So much for socialism destroying the U.S.
The rich are getting richer, and so are the poor in most U.S. states.
In fact, more states have seen a rise in income over the first three years of President Barack Obama than have lost income, according to the most recent data published by the U.S. Census Bureau in September.

at least i'm sucking the right cock

Originally Posted by LAM

I know i'm fortunate to have the life I lead which is why I only work part time and pay my workers as much as I can not as little as possible. I have mine, and have done what I can so others can get theirs, not the other way around.

the US shares "some" problems with other country's in the EU but most are isolated to the US and US economy. which is why are the country's of the EU not having the same problems as the US when they are much, much older with much higher taxes. before the 2008 recession the problems of the EU did not exist with the exception of that of Greece with goes back far in history. the global crisis spurred from the US financial sector and greed that has increased since the 80's.

do you not read studies in regards to working out? nutrition? supplements? and gear (most here do)? then why would a person listen to politicians about economics when they are not economists? would you ask a baker about your transmission?

Sure I do because those have a direct effect on me. And I do read about economics, why else would I pay for the economist? It's not perfect but it's what I have time for so I can stay informed. You miss the point though, knowing only provides you with understanding, it does nothing to change the overall situation we are in.

Originally Posted by LAM

you mean the loan that was started under the Bush admin? the Solyndra loan guarantee was a multi-year process that the Bush admin launched in 2007..try reading the business and financial sections and not politics.

lol who the fuck cares who it stated under? it's about govt wasting our money!!! but I take it u could care less just as long as govt keeps spending, right?

Originally Posted by Swiper

lol who the fuck cares who it stated under? it's about govt wasting our money!!! but I take it u could care less just as long as govt keeps spending, right?

do you get a tax return? if so the gov is not specifically wasting your money. some of us never get federal or state tax returns and never have to use gov services yet we still happily pay for them as that's part of being in a society.

regardless, wasteful spending did not cause the recession or bank failures of 2008 bad policy did....there is no cause and effect between the two.

Originally Posted by oufinny

Sure I do because those have a direct effect on me. And I do read about economics, why else would I pay for the economist? It's not perfect but it's what I have time for so I can stay informed. You miss the point though, knowing only provides you with understanding, it does nothing to change the overall situation we are in.

The situation is never going to change, wake up. There are tons of logical solutions to the problems that we face but we will never see them implemented while the system we currently work under is in place and people continue to vote based on religion and other insignificant fairy tales. Neither the Dems nor GOP will ever lower spending, as far as I can tell the only difference between the 2 is that the Dems want to tax the rich to pay for some of it and the GOP just doesn't want to pay for it at all. It's all nice to say that everyone should save, we should get rid of entitlements, etc. The problem is, removing welfare pulls a great deal of money out of the economy that gets spent at 100% and so wouldn't people who normally spend all of their money socking it away in to savings. That's why we're here, that and the fact that jobs are gone that are never coming back. In a perfect society you wouldn't have this problem, people at the top would spend money and the job creators would pay a liveable wage. As we stand now the rich save and invest their money via the stock market and the job creators are beholden to their investors which causes them to base their salary decisions on increasing profits. Both of these do nothing for consumption and just pull money away from it. Not saying this is wrong, just saying that when you don't take in to consideration the ability of the masses to purchase things in a consumption based economy you get what we are currently in. As troubador asked in an earlier thread, "Is the problem people don't make money or that we are in a consumption based economy?" The problem is that we are in a consumption based economy but changing that would require everyone from the bottom up to take a hit wrt their lifestyle. Not likely to be popular so not likely to happen.

Originally Posted by Dale Mabry

It's all nice to say that everyone should save, we should get rid of entitlements, etc. The problem is, removing welfare pulls a great deal of money out of the economy that gets spent at 100% and so wouldn't people who normally spend all of their money socking it away in to savings. That's why we're here, that and the fact that jobs are gone that are never coming back. In a perfect society you wouldn't have this problem, people at the top would spend money and the job creators would pay a liveable wage. As we stand now the rich save and invest their money via the stock market and the job creators are beholden to their investors which causes them to base their salary decisions on increasing profits. Both of these do nothing for consumption and just pull money away from it. Not saying this is wrong, just saying that when you don't take in to consideration the ability of the masses to purchase things in a consumption based economy you get what we are currently in.

such an easy concept to understand. how do people consume when they are making poverty wages? they can only consume at the bare minimum levels as they have no "extra" monies.

75% of the US population is earning between $25k-$50k a year or an inflation adjusted $15k-$30k a year in 1990's dollars but paying for goods and services in 2012 prices. and 80% of the US population lives in the metro area.

those that say extreme inequality doesn't matter are dead wrong and history will show this, but unfortunately the majority is paying for it now. bad economic policy = bad mathematics for a "sustainable" consumption based economy

the GDP of all the major countries is contracting. and if Japan's economy is growing at only .3% and going into recession then LOGIC would tell you that the economy of the US which is growing at .4% IS ALSO GOING INTO RECESSION.

and what happens during RECESSIONS? the private sector REDUCES WORKFORCES

http://static.guim.co.uk/sys-images/...6020/-460.jpeg


BBC News - Japan economy contracts as global slowdown hits exports

Japan’s economy shrinks annualised 3.5% - FT.com

Asia stocks drop on contracting Japanese economy; Nikkei down 0.79% By Forexpros

http://www.nytimes.com/2012/11/12/bu...recession.html

the economies of all the major country's in the world are connected, more by finance but also with some limited trade in capital goods. when trade and production lines are globalized, etc. what happens in one country effects many.

Dennys To Charge 5% ?Obamacare surcharge and Cut Employee Hours

James Nye
Daily Mail.co.uk
November 15, 2012

President Obama?s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power ? but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny?s and owns the Hurricane Grill & Wings franchise has decided to offset that by adding a five percent surcharge to customers? bills and will reduce his employees? hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is ?the only alternative. I?ve got to pass on the cost to the customer.?

http://www.infowars.com/dennys-to-charge-5-obamacare-surcharge-and-cut-employee-hours/

Originally Posted by Swiper

Dennys To Charge 5% ?Obamacare surcharge and Cut Employee Hours

James Nye
Daily Mail.co.uk
November 15, 2012

President Obama?s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power ? but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny?s and owns the Hurricane Grill & Wings franchise has decided to offset that by adding a five percent surcharge to customers? bills and will reduce his employees? hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is ?the only alternative. I?ve got to pass on the cost to the customer.?

http://www.infowars.com/dennys-to-charge-5-obamacare-surcharge-and-cut-employee-hours/

or maybe it's because their shares are trading at a pathetic $4.58 and since the EU is now in full recession with the US in the same boat why would they not reduce workforces just like every large firm did in 2008?

you can't figure one single thing out yourself can you?

https://www.google.com/finance?client=ob&q=NASDAQENN

Originally Posted by Swiper

Dennys To Charge 5% ?Obamacare surcharge and Cut Employee Hours

James Nye
Daily Mail.co.uk
November 15, 2012

President Obama?s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power ? but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny?s and owns the Hurricane Grill & Wings franchise has decided to offset that by adding a five percent surcharge to customers? bills and will reduce his employees? hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is ?the only alternative. I?ve got to pass on the cost to the customer.?

http://www.infowars.com/dennys-to-charge-5-obamacare-surcharge-and-cut-employee-hours/

He has to pass it on to the customer? Who had the gun to his head? Couldn't come out of some of his profits? I'd love to see his house(s), car(s), and just how few possessions that he has. He's trying to make it sound like he lives in squalor, I'm certain he doesn't. This whole episode that guys like this dick and Papa John are doing show you how little they give a shit about their employees/customers. 5% is paltry but I hope it puts a dent in their profits.

Originally Posted by Dale Mabry

He has to pass it on to the customer? Who had the gun to his head? Couldn't come out of some of his profits? I'd love to see his house(s), car(s), and just how few possessions that he has. He's trying to make it sound like he lives in squalor, I'm certain he doesn't. This whole episode that guys like this dick and Papa John are doing show you how little they give a shit about their employees/customers. 5% is paltry but I hope it puts a dent in their profits.

yeah how dare companies think they should make a profit. lol

don't you get it? when govt creates more costs for companies they just pass the expense on to their customers. happens all the time.

Originally Posted by LAM

or maybe it's because their shares are trading at a pathetic $4.58 and since the EU is now in full recession with the US in the same boat why would they not reduce workforces just like every large firm did in 2008?

you can't figure one single thing out yourself can you?

https://www.google.com/finance?client=ob&q=NASDAQENN

The spin master at work.^^^ Obama care costs companies no money at all right? LOL