So how is employment an Obama problem?

[Soggy in NOLA]

It's all Bush's fault.... haven't you heard?

 

[The Rabbi]

Who’s Sitting On $1 Trillion In Cash

As economic recovery lags, companies see few reasons to spend
October 27, 2010 | By Paul Ausick

It’s common knowledge that U.S. companies are sitting on a large pile of cash. Moody’s estimates that pile to be worth $1 trillion. It must be a comfortable place to sit, too, because there seems little enthusiasm for whittling the size of the pile down.

Economic Recovery Lags And Companies Aren't Spending | InvestorPlace

How is unemployment Obama's problem? Because the unemployed, their friends and relatives, are all voters. That's how.
Fair or not the public holds the party in power responsible.

 

[The Rabbi]

Why aren't they investing capital which would also have the effect of hiring people?

Because they do not see a good investment opportunity, that's why.

These
Corporations know perfectly well the DEMAND side is too weak to invest in new hires, plant or equipment.

They see that the American consumer is SAVING at a rate of 6% now (three or four years agao it was 0%, FYI) and paying off debts.

We ARE trapped in that DELFATIONARY cycle, folks.

The Keynesians are RIGHT.

EVen the corporations understand that they cannot jump start this economy until something is done to create demand.

They're not fools, those captains of industry.

The SUPPLY SIDERS are, however

That is, they are fools if we assume the supply siders really want the economy to thrive, of course.

I don't think they do. Not yet, at least.

Not as long as Obama is in office, not until they once again control Congress.

So they keep pressing for tax breaks for billionaires who don't need it, and supporting continued foolish TRADE policies and generally doing what they can to keep this nation's economy on the rocks. They'd rather have the Dems lose than the nation win.

Yeah I'm talking about the GOP's current political strategy, right now.

That's right.

They apparently care more about their party then they do about the economy.

This is hard ball politics.

I'm not sure what a Delfationary cycle is. I musta missed that day.

Let's see:
Obama's stimulus=$1T. Effect on demand: None.
Reagan's tax cuts. Effect on economy: Longest post war growth.
Let's hear how all that stimulus works for you come Tues.

 

[Oddball]

Why aren't they investing capital which would also have the effect of hiring people?

Because they do not see a good investment opportunity, that's why.

These
Corporations know perfectly well the DEMAND side is too weak to invest in new hires, plant or equipment.

They see that the American consumer is SAVING at a rate of 6% now (three or four years agao it was 0%, FYI) and paying off debts.

We ARE trapped in that DELFATIONARY cycle, folks.

The Keynesians are RIGHT.

EVen the corporations understand that they cannot jump start this economy until something is done to create demand.

They're not fools, those captains of industry.

The SUPPLY SIDERS are, however

That is, they are fools if we assume the supply siders really want the economy to thrive, of course.

I don't think they do. Not yet, at least.

Not as long as Obama is in office, not until they once again control Congress.

So they keep pressing for tax breaks for billionaires who don't need it, and supporting continued foolish TRADE policies and generally doing what they can to keep this nation's economy on the rocks. They'd rather have the Dems lose than the nation win.

Yeah I'm talking about the GOP's current political strategy, right now.

That's right.

They apparently care more about their party then they do about the economy.

This is hard ball politics.

Supply side economics is merely Keynesian models turned inside out.

For Keynesian models to be right and the captains of industry wrong, the fool has to be you.

 

[The Rabbi]

Not really.
Keynesian econ basically says that recessions are caused by a lack of demand. Thus gov't spending will increase demand and "prime the pump."
It is nonsense. It was nonsense when keynes proposed it and it has never worked.
Supply side says you change people's incentive to work and produce and you will naturally increase demand along with it. It has worked every time it was tried.

 

[Oddball]

Yes, really.

Supply side economics uses the same models, only on the supply side. Hence, the moniker.

Truth is that people aren't going to start normal economic activity again until there is some stability, certainty and sanity coming from the District of Criminals....Right now, there is none whatsoever.

 

[Charles_Main]

Obama kind of made it his problem when he promised that if the stimulus was passed unemployment would remain below 8%.

Remember Obama was only elected in the first place because the economy tanked on the eve of the election.

Live by the recession, die by the recession.

He is President of the United states, and has been for 2 years. How is it not his problem?

 

[Toro]

Who’s Sitting On $1 Trillion In Cash

As economic recovery lags, companies see few reasons to spend
October 27, 2010 | By Paul Ausick

It’s common knowledge that U.S. companies are sitting on a large pile of cash. Moody’s estimates that pile to be worth $1 trillion. It must be a comfortable place to sit, too, because there seems little enthusiasm for whittling the size of the pile down.

Economic Recovery Lags And Companies Aren't Spending | InvestorPlace

Corporations don't have a trillion dollars at their disposal. Much of that is overseas and won't be repatriated because they will get hit by a 35% tax rate.

If we want that to come back we should give companies a tax holiday to repatriate it.

 

[CrusaderFrank]

$1 Trillion is fucking peanuts.

Obama can spend that in 3 months.

 

[Toro]

Londoner

Reagan never "lowered wages and benefits" for the middle class.

 

[Mr. Shaman]

Obama kind of made it his problem when he promised that if the stimulus was passed unemployment would remain below 8%.

That was before the Bush-numbers, came in; in-total.

Obama has already admitted they'd made that mistake.

[ame]http://www.youtube.com/watch?v=1y04g6OPLnQ[/ame]​

 

[Oddball]

 

[Mr. Shaman]

So how is employment an Obama problem?

It isn't.

UNemployment is another story for the Bastard in Chief.