Employee Compensation Plunges. Thanks Obama!

There is also this thing about the republicons not wanting to put any money into rebuilding and maintaining the infrastructure and still insisting that capitalists who are doing more harm than good for the economy need a tax cut for their service to the furtherance of the long-term capitalist vision for America, which is to say opulence for some and peonage for most.

 

That golden goose is of no use to us if it eats all our seed corn and lays its eggs in China.

 

Never said you can build it with four people. I said the permanent jobs created would be four, according to the CBO or GAO I believe.

Second, I do know what private equity firms do. They are no good Samaritans that help cash poor companies to survive. The motto of a private equity firm is that the sum of the parts is greater than the total itself. This is what Romeny did and the number of companies that were broken up. This is part of capitalism and it is "dirty" capitalism at its finest.

Uncertainty is not the amount of tax rate, but which tax rate at a future point in time. When a business has to deal with temporary tax breaks and not knowing if those tax breaks will be exported or retired, it makes it hard for the company to use adequate tax assumptions in its NPV modeling. This was the problem up until January 2013. Now the uncertainty is with the consumers. Businesses are not knowing if their consumers, including government, has the purchasing power to purchase their products at their given price.If the price falls, the company cannot make a profit and satisfy their shareholders. If businesses keep the price but have lower expected sales, the profit margins would be a lot less, their shareholders ancy, and thus, the company would cut costs elsewhere, like healthcare or other beneifts. It llooks good on paper, but sucks for the quality and quantity of the product being produced.

Businesses that are on one leg are there because of the owner, not government. When I deal with small businesses in other countries, I don't see them complaining 24/7 like American small business owners do. American small business owners want the four of a kind, full house, or a flush, figuratively speaking, believing that makes a small business successful. When the small business owner does not have that set of cards, then they complain and blame everyone and anyone but themselves. It is quite sad and you see this all the time on TV with Chef Ramsey's Kitchen Nightmares. Sometimes the owners change, sometimes they do not.

 

Lets go back to this "4" thing. Where is this oil going? Productive uses? How much steel etc...

Was the is the same source Obama got his "obamacare won't cost a dime" math?

Mitt Romney built up a ton of businesses, more them me, you, obama etc...When you buy high risk start ups companies some go under. You are oversimplifying leverage.

That entire tax thing was a big dodge. Only the threat of increased taxes would make people hesitant. If taxes are going to same or lower you wouldn't have a worry.

 

Bush pushed $800 billion and Obama $900 billion in stimulus. Not all of it was spending. There were tax breaks, spending, grants, and other governmental programs in both packages. Bush and Obama save the US auto industry and the financial services industry. However, there were signs that some of the expectation of the stimulas did not meet their desired objectives at the time given. That is the risk for such endeavors. For me, it gave me a 35% boost in my area and AICPA is very happy with the tax aspects of the tow bills.

Although the two stimulus packages did not have the desired impact that most economists thought it would, the other factor is that our economy is more dependent on other country's economies just as other country's economies are as dependent on ours. What we are seeing is a transformation in our economy to be more global impacted, both negatively and positively. Any future stimulus package would have to take that into consideration.

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Well, that's nice. My father, which I helped build and run, operated a oil service company, an oil exploration company, and a charter service to the South Texas area. Been to Three rivers, Baytown, and all the other small spots that your brother is now in.

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If the dem idea that one dollar of government spending returned a dollar and a half to the economy worked all we would have to do is spend money by the truck load and before long we would have houses full of money. The truth is that one dollar paid in taxes only generates about one quarter to half a dollar of service whether it be in the form of welfare or military equipment.

And the higher the debit goes the more will be paid to the hated rich and foreign investors who buy our government bonds in the form of interest.[/QUOTE]
And is it any wonder there are no CPA who are members of the AICPA associated with the Tea party.

The fact is that the government is a major component of our nation's GDP. Private investment is another major component. All the components have to work together to improve or increase the GDP. YOu cannot cut one off and believe the other will take up the slack. That did not happen during the bush years and did not happen with the GOP cutting government services. In fact, making such cuts have brought more harm than good when it comes to the recovery.

You are not dealing with smart people. You are dealing with Joe the Plumber types all the time. They want everything laid out for them They know how to build or sell their product, but they don't know all the other intricacies of running a business like marketing, management, taxes, and regulations. And yes, they will deal with locat, state , and federal regulations, even in Texas. If they don't have a handle on the regulations, then they will not succeed. If they are not mobile, global, and innovative, they will not succeed. And all government does is make everybody play on the same field. Instead, what they want to do is cheat their way to the top with as minimal force as necessary. And that is not how you run any business.

 

Oil is slated for Louisiana, New Orleans or somewhere thereabouts. It is those processing plants that will produce the oil into gasoline. But since the global demand for oil is at 38.5 billoini barrels per day, OPEc will simply decrease its production to maintain the status quo, and thus supply will remain constant. This means that oil is dictated globally, not locally.

In order for the Senate to sponsor such legislation, revenues must be neutral. With the origginal tax provisions, it was neutral, that is, the costs were equal to the revenues. When the 1099 requirements section of Obamcare was nullified in April 2012, that is when the costs started to rise.

He built them up by selling them. That made the economy more efficient. If that meant selling them to an international buyer or moving the jobs overseas, so be it.

Actually no. Let's say your NPV of a project was negative given a tax rate of 30%. If the tax rate drops to 25%, then your NPV would be positive and thus lucrative to invest in the project. Thus the point is that hgih tax rates are not the only reason why it makes people hesitant.

Another example is that the tax rates change from year to year to year. In that case, people would be hesitant because they cannot expect the tax rates to be the same when calculating the NPV of the project. Thus, people are hesitant because the tax rates keep changing from one year to another year, not because of expected hight tax rates.

 

Oh please quit your whining. Obama had his chance for infrastructure with his failed stimulus. Don't blame Republicans for him blowing it and people not buying more promises of infrastructure projects.

Your reply and premise are completely laughable.

 

And is it any wonder there are no CPA who are members of the AICPA associated with the Tea party.

The fact is that the government is a major component of our nation's GDP. Private investment is another major component. All the components have to work together to improve or increase the GDP. YOu cannot cut one off and believe the other will take up the slack. That did not happen during the bush years and did not happen with the GOP cutting government services. In fact, making such cuts have brought more harm than good when it comes to the recovery.

You are not dealing with smart people. You are dealing with Joe the Plumber types all the time. They want everything laid out for them They know how to build or sell their product, but they don't know all the other intricacies of running a business like marketing, management, taxes, and regulations. And yes, they will deal with locat, state , and federal regulations, even in Texas. If they don't have a handle on the regulations, then they will not succeed. If they are not mobile, global, and innovative, they will not succeed. And all government does is make everybody play on the same field. Instead, what they want to do is cheat their way to the top with as minimal force as necessary. And that is not how you run any business.[/QUOTE]

Haha. What nonsense. How are people cheating their way to the top by asking their government to stop taking from them to spend on their friends?

No one cares what the CBO thinks. If they say refining billions of gallons of oil will only help 4 people get a job they are as dumb as I have been saying.

The stimulus had the impact of all other stimulus bills. Lower employment and lower wages. When government takes from the more efficient private sector and puts it into the non productive government sector we are all poorer for it.

 

Lets back this up a bit, we all hear the same arguments, often repeated from so called news sources, the internet, talk radio etc...

Lets start looking at specific regulations you think are heavy handed (and I do admit there are some) and I hardly call regulations on coal heavy handed, I call that preventing the US from becoming like some of the Chinese backwaters where cancer rates are skyrocketing, air pollution makes LA look like Eden and the water looks more like used motor oil. We take for granted in America that you can actually drink the water, I for one refuse to give up that luxury for the sake of increased profits.

And lets look at something else, Business Profits are good, many industries are seeing record profits once again and the stock market is definitely not hurting. Why isn't that trickling down to the workers? I thought that was the whole purpose of giving them tax breaks, deregulating industries and the like? Doesn't seem very effective in the long run does it?