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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
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Quote:
Originally Posted by bchris02
If this were the Great Depression, the crash of '29 would have been in January, and we would now be mid-1930 or so. By mid-1930, the stock market had risen back to early 1929 levels (as stocks reached 2007 levels in mid-May) and the people thought it would just be a short recession that was nearing its end. Wrong they were as people are wrong this time. A vote for McCain is a vote for Hoover. I am going to hold my nose on the social issues (which I am passionately conservative about) and vote Obama this time around. This country will not survive 4 more years Bush-McCain-Hoover policies.
I agree. The Republicans have been very irresponsible with money. Not that the Democrats have a sterling record either but they are more responsible. They might like programs but at least they pay for them!
Fascism is what Hitler was and what some call the current GOP - a far right economic and political philosophy. Based on 'corporate fascism' with huge tax breaks to the wealthy and corporations; a reactionary preemptive foreign policy, anti science, anti liberal , anti intellectual & extreme nationalism.
Marxism is a leftist political philosophy. Ranging from Western European style Socialism now in existence, to Communism in the late USSR.
If anything Obama will attempt to bring in the kind of social & economic reforms similar to FDR and Harry Truman. Which are leftist and not fascist.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by fopt65
Wouldn't Obama's plan to raise the capital gains tax make stocks even less appealing and make commodities continue to rise, thereby furthering inflation?
If you look at history, the DJIA has risen more under Democrats than under Republicans. The capital gains tax will be raised mostly on the rich who will invest no matter the tax because it is essentially "free money" to them anyway. Mostly everybody else has their investments in a 401-K or mutual fund that will not be taxed.
Now that said, if I had my way, capital gains and dividends would be taxed just like wage income is- the more you make the more you pay. The less you make, the less you pay.
The unemployment figure is not that bad. First of all it is June and June means WHAT? It means millions of people walking out of college with that degree and looking for jobs. Of course the number is going to spike but it is NOT because of any loss of jobs. In fact it was reported yesterday I think that we GAINED jobs last month. It is just because we have a temporary glut of college graduates and teenagers looking for employment. In the coming months, the numbers will look alot better.
Well first of all, the report is for May, not June. June's figures won't come out until July. It is not because we have a glut of teenagers and college grads..read the report and stop listening to MSM.
Yes we gained jobs in healthcare and service, lost jobs in the other sectors.
The glut you talk about plays a small factor (204K people) in the overall numbers which go by folks that HAD a job and lost it:
Among the unemployed, the number of reentrants and new entrants to the
labor force rose in May, by 326,000 and 204,000, respectively. The number of
persons who had lost their last job increased by 268,000 over the month to
4.3 million. Over the past 12 months, the number of unemployed job losers has
risen by 907,000. (See table A-8.)
The number of newly unemployed--those jobless fewer than 5 weeks--rose by
760,000 to 3.2 million in May. The number of persons unemployed for 27 weeks
or more increased by 197,000 to 1.6 million. This group accounted for 18.3 per-
cent of the unemployed in May. (See table A-9.)
Well first of all, the report is for May, not June. June's figures won't come out until July. It is not because we have a glut of teenagers and college grads..read the report and stop listening to MSM.
Yes we gained jobs in healthcare and service, lost jobs in the other sectors.
The glut you talk about plays a small factor (204K people) in the overall numbers which go by folks that HAD a job and lost it:
Among the unemployed, the number of reentrants and new entrants to the
labor force rose in May, by 326,000 and 204,000, respectively. The number of
persons who had lost their last job increased by 268,000 over the month to
4.3 million. Over the past 12 months, the number of unemployed job losers has
risen by 907,000. (See table A-8.)
The number of newly unemployed--those jobless fewer than 5 weeks--rose by
760,000 to 3.2 million in May. The number of persons unemployed for 27 weeks
or more increased by 197,000 to 1.6 million. This group accounted for 18.3 per-
cent of the unemployed in May. (See table A-9.)
I just do not know why anybody is unemployed for more than a few weeks. Not with all the businesses around here begging for help. I mean we are being flooded by illegals here and they ain't having any trouble finding jobs.
KevK..it could be they are working off the books with no benefits ? I don't know..that stumps me as well.
I can tell you though my son and several of his friends cannot find summer jobs. Labor laws prevent them from working in certain fields for their ages (including driving jobs) so they are mostly stuck with retail which right now is full of adults.
I see that ..there are times I want to help the old guy bagging my groceries as I don't think he can do it himself Those would be the typical teenager jobs..bagging groceries and flipping burgers.
The problem with jobs is that tons and TONS of college graduates flood into an already saturated job market... what do I mean? Tons and tons of engineering graduates come out and want a job that pays what other engineers get paid... the problem? They all want to live in NYC, LA, Miami, Houston... big cities! When you look for a job in a saturated market for a specific salary... you are bound for trouble... do we need more engineers, software programmers, architects, doctors, lawyers? Depends... on where you want to work, what you expect to get paid and how saturated the market is in that area... a lot of graduates can't focus on going to Nowhere, Idaho to work.. so they stay at home, hoping something POPS up...
Now factor that with the global economy and outsourcing... companies aren't here to lose money when they can get away with it... college grads also don't want to go into "low-tech" jobs like farming, manufacturing, or other manual labor jobs... even if it PAID more because they want to live in "big cities" flipping burgers and parking cars... so whose fault is it? I blame "corporate education" the "we train anything you want as long as you pay us" motto... nobody tells them what are booming job markets and saturated job markets... I still wonder why a mechanic costs $100 an hour... the people flipping burgers should start thinking about other things they could do than what is "in" right now...
Fascism is what Hitler was and what some call the current GOP - a far right economic and political philosophy. Based on 'corporate fascism' with huge tax breaks to the wealthy and corporations; a reactionary preemptive foreign policy, anti science, anti liberal , anti intellectual & extreme nationalism.
Marxism is a leftist political philosophy. Ranging from Western European style Socialism now in existence, to Communism in the late USSR.
If anything Obama will attempt to bring in the kind of social & economic reforms similar to FDR and Harry Truman. Which are leftist and not fascist.
the 2nd highest corporate tax rate in the industrialized world doesn't sound very business friendly to me. as far as the wealthy getting off the hook, yes there are ways they can dodge/shelter their wealth due to our horrendous tax code. either way, I don't see Obama endorsing the fair tax, or doing jack to simplify the tax code. Raising taxes will simply put the bill on people earning $200,000 a year. The mega millionaires/billionaires will still find their ways around the tax code. rasing cap gains to restore "fairness" seems awful statist to me. I always considered economic liberalism/individualism was right wing considering fascists, communists, socialists ect. all pretty much have the same goal (nationalizing industry for the supposed benefit of the people and the government having complete control over the lives of it's citizens).
leftist, statist, fascist, are all semantics to economic authoritarianism. A man's right to the fruit of his own labor is a fundemental right and the basis of all liberty. That right will further be infringed upon when Obama comes into office, leading to erosion of other liberties. The big money will move off shore, middle America will pick up the bill for his socialist programs, government will spend it buying more votes and fattening up their own wallets, and we'll be worse off than we are now. An ever increasing federal government makes it possible for the evils of fascism, socialism, and communism to occur. All the while no one will adress the biggest threat to economic freedom in this country, the federal reserve.
the 2nd highest corporate tax rate in the industrialized world doesn't sound very business friendly to me. as far as the wealthy getting off the hook, yes there are ways they can dodge/shelter their wealth due to our horrendous tax code. either way, I don't see Obama endorsing the fair tax, or doing jack to simplify the tax code. Raising taxes will simply put the bill on people earning $200,000 a year. The mega millionaires/billionaires will still find their ways around the tax code. rasing cap gains to restore "fairness" seems awful statist to me. I always considered economic liberalism/individualism was right wing considering fascists, communists, socialists ect. all pretty much have the same goal (nationalizing industry for the supposed benefit of the people and the government having complete control over the lives of it's citizens).
leftist, statist, fascist, are all semantics to economic authoritarianism. A man's right to the fruit of his own labor is a fundemental right and the basis of all liberty. That right will further be infringed upon when Obama comes into office, leading to erosion of other liberties. The big money will move off shore, middle America will pick up the bill for his socialist programs, government will spend it buying more votes and fattening up their own wallets, and we'll be worse off than we are now. An ever increasing federal government makes it possible for the evils of fascism, socialism, and communism to occur. All the while no one will adress the biggest threat to economic freedom in this country, the federal reserve.
Dick Cheney could not have stated this better- in the end totalitarianism has no limits- be if from the far right or left.
Sadly to say the dictionary definition of Fascism certainly fits GW Bush and most of the Republican party.
Fascism is a government, faction, movement, or political philosophy that raises nationalism, and frequently race, above the individual and is characterized by a centralized autocratic state governed by a dictatorial head, stringent organization of the economy and society, and aggressive repression of opposition. In addition to placing the interests of the individual as subordinate to that of the nation or race, fascism seeks to achieve a national rebirth by promoting cults of unity, energy and purity.
Fascists promote a type of national unity that is usually based on (but not limited to) ethnic, cultural, national, racial, and/or religious attributes. Various scholars attribute different characteristics to fascism, but the following elements are usually seen as its integral parts: patriotism,nationalism, statism, militarism, totalitarianism, anti-communism, economic planning (including corporatism and autarky), populism, collectivism, autocracy and anti-liberalism (i.e., opposition to political and economic liberalism).
Fascism also operated from a Social Darwinist view of human relations. Their aim was to promote "superior" individuals and weed out the weak.In terms of economic practice, this meant promoting the interests of successful businessmen while destroying trade unions and other organizations of the working class. Fascism also makes protection of corporate power an essential part of its economic philosophy. Economic fascism makes taxpayers responsible to private enterprise, because "the State pays for the blunders of private enterprise... Profit is private and individual. Loss is public and social. The sounds like the 'Independent' Federal reserve bailing out the Wall Street banks and brokerage houses; while nearly 50 million Americans are without adequate health care.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan
KevK..it could be they are working off the books with no benefits ? I don't know..that stumps me as well.
I can tell you though my son and several of his friends cannot find summer jobs. Labor laws prevent them from working in certain fields for their ages (including driving jobs) so they are mostly stuck with retail which right now is full of adults.
I see that ..there are times I want to help the old guy bagging my groceries as I don't think he can do it himself Those would be the typical teenager jobs..bagging groceries and flipping burgers.
Yeah, any driving or operation of a motor vehicle requires 18. Been that way since I was a teenager working in a car wash. Even though some of us 16 year olds had licenses, we were not allowed to drive customer cars into or out of the car wash so they had to keep a few employees over 18 around for that.
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Those would be the typical teenager jobs..bagging groceries and flipping burgers.
