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china has to slow down its economy because our stupid federal reserve printed a freaking bunch of money to FORCE inflation on all of us, including china, holding our dollars.
too bad the trillions that the government has spent has NOT MADE A DENT in the economic "recovery" picture. too bad all that money was wasted....too bad that we have to pay more for goods, our currency was deliberately devalued, and the federal reserve didn't fix anything.
does anyone really wonder why people don't want to give the government any more money? they already blew through generations of social security money.
The inflation in China is due to rising wages and consumer demand and increased commodity cost. The Chinese peg their currency to the dollar based on THEIR economic goals. All things being equal the Chinese would rather the FED help maintain capital liquidity in the U.S. economy. After all look at the the U.S. Corporations that are borrowing money at super low interest rates and investing in plants, retail, R&D and distribution centers IN CHINA.
Most of the inflation in the United States right now and food and commodity based inflation. On an exchange rate basis the inflation of the dollar versus other major currencies around the world hasn't been as severe as "The SKy Is Falling" people would lead you to believe.
Nobody has blown "generations" of social security money. Yes, there are issues that need to be addressed but the system is still solvent.
Well of course I never said they were more interested in defeating Obama than making profits. They are interested in defeating Obama so they can make profits. As you so clearly demonstrated business is concerned about rising health care costs, and Obamacare makes that situation worse.
You need to move from inventing facts to satisfy your ideology and, instead, review the actual facts.
Profits have surged 62 percent from the start of 2009 to mid-2010, according to the Commerce Department. That is faster than any other year and a half in the Fabulous '50s, the Go-Go '60s or the booms under Presidents Ronald Reagan and Bill Clinton.
While you claim that the Affordable Care Act makes that situation worse, actual analysis by the CBO shows the opposite.
Moreover, according to a study by the Urban Institute, "Our results show significant health care cost savings (under the law) to firms with fewer than 50 workers."
While you claim that the Affordable Care Act makes that situation worse, actual analysis by the CBO shows the opposite.
Moreover, according to a study by the Urban Institute, "Our results show significant health care cost savings (under the law) to firms with fewer than 50 workers."
But they don't mention that the FedGov is subsidizing those small businesses for 6 years. After that they get to pay the full costs plus the new insurance fee that will kick in (read TAX).
While you claim that the Affordable Care Act makes that situation worse, actual analysis by the CBO shows the opposite.
Moreover, according to a study by the Urban Institute, "Our results show significant health care cost savings (under the law) to firms with fewer than 50 workers."
Inventing facts? Where is this growth coming from? On one hand you say businesses aren't hiring because demand isn't there, which is partly true. Hours worked is up, so businesses are doing more with less. Also because demand is relatively weak, increased profits are derived through layoff and greater efficiencies. There has been little topline growth. By the way you happened to ignore this quote from your link.
"Nonetheless, noncorporate business has not thrived under Obama: Profits from those mostly smaller businesses are basically flat for the past 18 months, far worse than the gain under Bush and most other presidents just after recessions."
Read more: http://www.politico.com/news/stories/1010/44268.html#ixzz1UAD9Mim2[/LEFT]
CBO only scores based on parameters presented by the requester. Their findings are more often than not predetermined by the requesters. I think it is instructive to look at real life effects of Obamacare.
"When major companies declared that a provision of the new health care law would hurt earnings, Democrats were skeptical. But after investigating, House Democrats have concluded that the companies were right to tell investors and the government about the expected adverse effects of the law on their financial results."
The IRS and House Dems disagree with you and the Urban Institute.
Last edited by shorebaby; 08-05-2011 at 08:20 AM..
All unions abolished. Minimum wage at $1.50 per hour. All American workers surrender all benefits and accept one week vacation per year as the standard.
You'd think that they would be thrilled already. They got away scott free from the biggest heist ever perpetrated on this country. Not one p*ick was arrested and to top it off they got financially bailed out of the mess they created. Tell me... is this an a$$ bakwards planet or what???
Free loans and zero collateral marginal investing. Kind of like what the had during the Republican administrations of the last 40 years.
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