Why No Jobs?

[CuteOldGuy]

Let's hear what a job creator has to say.

http://www.youtube.com/watch?v=LTbjcKZzrmM

[catnipdipper]

What did he earn last year?

I am thinking he must be upset that more sheep cannot visit to get fleeced and enhance his lifestyle and replace his lost art collection?

Not a valid comment by any standards of normal people.

COG you are really reaching.

[JD Barleycorn]

You ask how much money did Wynn make last year. Why? How much money did Warren Buffet make or Bill Gates or especially George Soros. I understand that Soros is now 70% richer since the economic bust. Nancy Pelosi is 60% richer since the bust.
No, ask how many people that Wynn employs? In 2010 Wynn employed 3,700 people in Las Vegas. That is all in one town. Those people bought houses, cars, food, and had children. That cost money. It took money to build those houses, ship in the cars, grow, pick, and transport the food. Those children went to college and that cost money. All of this from the vision of one man that you try to spit on. You are low and dim.

[thorough9]

Originally Posted by JD Barleycorn

ship in the cars

Maybe if they had purchased American cars, instead of having them shipped in, there'de be more jobs...

[catnipdipper]

Typical wing nutz worship at the altar of the job Creators. Jeezus for sure don't tax Steve Wynn anymore. He may have to lay off his manicurist.

[deacon]

what is the unemployment rate??

[CuteOldGuy]

Just thought you would like to know what a real job creator thinks about what is going on, and what he is doing about it. I doubt if he is the only one.

Last time I was in Vegas, I saw lots of American made cars. More unsupported BS rhetoric.

[bigbirddog]

Originally Posted by deacon

what is the unemployment rate??

The real unemployment rate, U-6, is 16.4% last time that I looked. The percentage of the population employed full time, another indicator of true unemployment, is at the lowest level since the 1970's, if I recall correctly.

[catnipdipper]

COG........ya think those cars might be rentals?

[CuteOldGuy]

You miss the point as usual, since the facts don't support your position. The fact is that President Obama has so screwed up the economy (with the help of Congress) that businesspeople are reluctant to put any more money at risk because they don't know what is going to happen next. And please note Steve Wynn is a Harry Reid supporter.

That is a simple fact. Believe it, deny it, demand Wynn change, whatever you want. But it is not going to get better until we have a President who understands simple economics. In other words, it may never get better.

[catnipdipper]

What you have in reality is major corporations sitting on Mounds of Cash and making and reporting Record Profits. Those are facts.

What they are doing is Whining and Crying hoping to leverage a reduction in the Corporate Tax Rate. I am willing to give them that if they will report and pay taxes in the United States as they should.

What business are Appalled at at this moment is the anarchy in the House and the lunatics that think the debt default has no real consequences. Not a Democrat issue to whine about. They support Obama and Geitner on that one and you know it.

Now I contend that the missing jobs are gone forever. No one is going to hire for the same job descriptions that were there before the recession. They are going to have to be new types of jobs in new industries and that requires stimulus and investment in research and development.

Buncha rich crybabies sitting in their clubs sipping a single malt and smoking big cigars watching out the window at the workers in the heat and rain and bitching when they take a break.

[Kshunter]

Originally Posted by catnipdipper

What you have in reality is major corporations sitting on Mounds of Cash and making and reporting Record Profits. Those are facts.

What they are doing is Whining and Crying hoping to leverage a reduction in the Corporate Tax Rate. I am willing to give them that if they will report and pay taxes in the United States as they should.

What business are Appalled at at this moment is the anarchy in the House and the lunatics that think the debt default has no real consequences. Not a Democrat issue to whine about. They support Obama and Geitner on that one and you know it.

Now I contend that the missing jobs are gone forever. No one is going to hire for the same job descriptions that were there before the recession. They are going to have to be new types of jobs in new industries and that requires stimulus and investment in research and development.

Buncha rich crybabies sitting in their clubs sipping a single malt and smoking big cigars watching out the window at the workers in the heat and rain and bitching when they take a break.

LOL - it would be hard to get much more out of touch with reality than this.

[JD Barleycorn]

I didn't know that there were so many yoga enthusiasts here. I've always been interested in how you can get your own head up your rectum. So Bishop CDN, is it hard to do?

[CuteOldGuy]

Catnip, that's the way it is. Not saying it's right, but they have the money and they aren't going to spend it until something happens. We can whine and complain, but they will keep sipping their single malt until they think the climate is favorable for investment.

[bigbirddog]

The US began to recover from the Great Depression in 1933 and the recovery continued until the Depression of 1937, which lasted until 1941 when massive deficit spending supported by forced savings due to wartime rationing led to economic recovery.

The 1937 collapse is largely credited to: 1) Smoot-Halley tariff causing international trade to fall; 2) Roosevelt's "war" against the rich including constant speeches condemning them and stiffly higher taxes on the wealthy; 3) Roosevelts "war" against business including legislation requiring prevailing wage, etc. that dramatically increased the power of unions.

The point is that Obama is repeating many of Roosevelt's mistakes. Think: 1) raising taxes on those making over $250k to over 41% immediately (have to factor in phase outs on top of 39.6% rate) and future increases in FICA and SS cap; 2) the Boeing fiasco over the S. Carolina plant; 3) card check "lite" recently adopted by the FLRB after Congress refused to pass the original card check proposal.

Words matter, especially when they are coming from arguably the most powerful person on earth. If you don't think that Obama is scaring the people who invest in businesses and hire others, you are obviously not one of those people.