Dow Hits 36,000! Profits soaring!!

[frigidweirdo]

Just like I thought. You pointed out the stock market makes the rich richer. You are just a complainer. No vision. A more graduated tax structure moved that money out of the top.

Well, you're wrong. Because you're not thinking outside of your box.

Why does boom and bust happen? That's what you need to ask yourself.

Why do people need more stuff produced today than they need producing next year? Often they don't.

What happens is people lose their jobs, can pay for things, so don't buy things and things then don't get produced which reduces jobs, which reduces the need for buying things and on and on.

If we didn't have such high booms, we wouldn't have such low busts. But the government pushes the booms. It makes sense for them. They look good, their political career is improved in the short term.

Boom and bust is short term thinking. The US presidency is a short term thing, you only need to care for four years. Once you're re-elected, does it matter?

So, we're back to how people are elected. Proportional Representation with a parliamentary system would allow the US to be more long term in thought. For example.

 

[JohnDB]

Ok, you're right that this is technically inflation. But I think it's a short-term supply problem. The wage inflation is long overdue.

Wage inflation?
Wages have been held artificially low for a long time by republican lawmakers...

Where I don't favor minimum wage I also don't favor collusion to keep wages low and workers not paid fair wages.

Especially when Walmart or a university are the largest employers in an area.

 

[Smokin' OP]

Okay, so any bad economic news after December is Quid Pro's fault? I'm looking for a date here. When are you going to hold Quid Pro responsible for what he does to the economy?

That's the problem, he hasn't done anything because his entire plan is being blocked by two democrat senators and the entire GQP.
Just like Obama was blocked by republicans.
Biden may as well be a lame duck.

 

[Smokin' OP]

Biden’s infrastructure plan is being pitched to help all Americans. Specific to small business….. what are Biden and the Democrats doing for them?

Coming up on a year, I’d say the Democrats and Biden still have a long way to go with small businesses.

Small business confidence drops to all-time low after Biden election

Main Street business confidence hits an all-time low in the CNBC|Survey Monkey Small Business Survey for Q4 2020. The reason? Politics.

www.cnbc.com

Biden can't do shit, when he is being blocked by the GQP.

'Cutting taxes? Tax incentives? Lower regulations'?
That's the GQP plan for everything, all that does is add to the debt.

 

[LeftofLeft]

Biden can't do shit, when he is being blocked by the GQP.

'Cutting taxes? Tax incentives? Lower regulations'?
That's the GQP plan for everything, all that does is add to the debt.

Biden and the Democrats don’t want to do shit for small businesses. It’s reflected in the policies they are pursuing with or without the Republicans and/or with or without a majority. Stop blaming the Republicans. Further, why don’t you show how how higher corporate taxes and regulations help or have no impact on small business??

 

[Smokin' OP]

Biden and the Democrats don’t want to do shit for small businesses. It’s reflected in the policies they are pursuing with or without the Republicans and/or with or without a majority. Stop blaming the Republicans. Further, why don’t you show how how higher corporate taxes and regulations help or have no impact on small business??

You're FOS.
Biden's infrastructure plan will create millions of contracts and jobs for small businesses and the companies supplying them with goods are services.
The GQP and two wannbe republicans, are blocking everything Biden is trying to do, you moron.
'Stop blaming the Republicans'.
'Sure don't blame us, we're just voting no on everything you do'.

' Further, why don’t you show how how higher corporate taxes and regulations help or have no impact on small business'??

Higher tax rates will help some and pay for some of the burden of them getting contracts, you idiot.

 

[LeftofLeft]

You're FOS.
Biden's infrastructure plan will create millions of contracts and jobs for small businesses and the companies supplying them with goods are services.
The GQP and two wannbe republicans, are blocking everything Biden is trying to do, you moron.
'Stop blaming the Republicans'.
'Sure don't blame us, we're just voting no on everything you do'.

' Further, why don’t you show how how higher corporate taxes and regulations help or have no impact on small business'??

Higher tax rates will help some and pay for some of the burden of them getting contracts, you idiot.

Biden’s proposed infrastructure plan is not a universal plan or policy aimed at small business. Some small businesses could benefit. Your case for higher taxes makes no sense. You shit the bed with your use of the word Some.

Again, show us a Biden or Democrat plan or policy aimed at small businesses universally that is specifically being blocked by Republicans. You might also want to review what Democrats do when they are not in power…. They block.

 

[Smokin' OP]

Biden’s proposed infrastructure plan is not a universal plan or policy aimed at small business. Some small businesses could benefit. Your case for higher taxes makes no sense. You shit the bed with your use of the word Some.

Again, show us a Biden or Democrat plan or policy aimed at small businesses universally that is specifically being blocked by Republicans. You might also want to review what Democrats do when they are not in power…. They block.

Some as opposed to all, most should benefit.

'Your case for higher taxes makes no sense'.
Really?
Is Jeff Bezos, Elon Musk or Bill Gates gonna fix the bridges, railroad tracks, highways?

Ensure that small businesses have access to capital and provide entrepreneurs with technical assistance to start and expand their business. Access to capital and technical assistance are essential to small businesses’ success.
That is why Democrats are committed to ensuring that the Small Business Administration’s (SBA) programs are fully funded. The SBA provides entrepreneurs with the capital needed to launch and expand their businesses, as well as the training and technical assistance that they need to turn their plans into successful ventures.
By providing both capital and technical assistance, the SBA fills a significant void in the capital markets, reaching entrepreneurs that would otherwise not be reached by the private sector.
Unfortunately, the Trump Administration has proposed reductions in SBA’s budget.
Democrats object to these proposed cuts and want to fully fund these important programs so that the next generation of great American entrepreneurs is created.
SBA’s programs increase the availability of seed capital for start-ups, loans for maturing companies, and venture capital for fast-growing firms, while also providing training in business practices - including accounting, budgeting, and marketing - to burgeoning entrepreneurs.
Failing to strengthen these programs serves only to discourage entrepreneurship, which is critical for the U.S. economy to emerge from its current sluggishness.

The GQP won't even approve of Biden's SBA appointee.

Let alone this.
Specifically, the Trump Administration’s FY2020 Budget proposes the following cuts to programs that benefit small businesses:

• a 23 percent cut to funding for Small Business Development Centers, which provide targeted counseling to small businesses across the country so that they have the tools they need to improve their capacity and increase their productivity;
• increased loan fees on the thousands of businesses participating in the Small Business Administration’s loan programs, leading to increased borrowing costs for small, local businesses seeking to grow; and
• a 5 percent cut to the SBA’s Microloan program, and a 19 percent cut to the agency’s Microloan Technical Assistance program, both of which disproportionately serve women, minority and rural small businesses.

 

[LeftofLeft]

Some as opposed to all, most should benefit.

'Your case for higher taxes makes no sense'.
Really?
Is Jeff Bezos, Elon Musk or Bill Gates gonna fix the bridges, railroad tracks, highways?

Ensure that small businesses have access to capital and provide entrepreneurs with technical assistance to start and expand their business. Access to capital and technical assistance are essential to small businesses’ success.
That is why Democrats are committed to ensuring that the Small Business Administration’s (SBA) programs are fully funded. The SBA provides entrepreneurs with the capital needed to launch and expand their businesses, as well as the training and technical assistance that they need to turn their plans into successful ventures.
By providing both capital and technical assistance, the SBA fills a significant void in the capital markets, reaching entrepreneurs that would otherwise not be reached by the private sector.
Unfortunately, the Trump Administration has proposed reductions in SBA’s budget.
Democrats object to these proposed cuts and want to fully fund these important programs so that the next generation of great American entrepreneurs is created.
SBA’s programs increase the availability of seed capital for start-ups, loans for maturing companies, and venture capital for fast-growing firms, while also providing training in business practices - including accounting, budgeting, and marketing - to burgeoning entrepreneurs.
Failing to strengthen these programs serves only to discourage entrepreneurship, which is critical for the U.S. economy to emerge from its current sluggishness.

The GQP won't even approve of Biden's SBA appointee.

Let alone this.
Specifically, the Trump Administration’s FY2020 Budget proposes the following cuts to programs that benefit small businesses:

• a 23 percent cut to funding for Small Business Development Centers, which provide targeted counseling to small businesses across the country so that they have the tools they need to improve their capacity and increase their productivity;
• increased loan fees on the thousands of businesses participating in the Small Business Administration’s loan programs, leading to increased borrowing costs for small, local businesses seeking to grow; and
• a 5 percent cut to the SBA’s Microloan program, and a 19 percent cut to the agency’s Microloan Technical Assistance program, both of which disproportionately serve women, minority and rural small businesses.

The majority of small business owners don’t share the assessment of what you just shared. What you shared is all rhetoric from Democrats. Have you ever run a business or had P & L responsibility for a small businesses?? Loans don’t mean shit if you are going to be slapped with taxes and regulations at or near the same level as big corporations. It only means more debt and higher costs.

 

[hadit]

That's the problem, he hasn't done anything because his entire plan is being blocked by two democrat senators and the entire GQP.
Just like Obama was blocked by republicans.
Biden may as well be a lame duck.

That's the way Washington is supposed to work, legislators being forced to compromise and make deals. A good president can get involved and sway public opinion. This one is not interested in doing that.

 

[theHawk]

Wall Street Journal is reluctantly celebrating.

Dow Briefly Jumps Above 36000, Finishes at Record

The Dow traded above 36000 in the morning, then ended the day at a new high. Investors are awaiting earnings and more clarity on the Fed’s interest-rate plans.

www.wsj.com

The Dow Jones Industrial Average briefly jumped above 36000 Monday morning, hitting 36009.74 in the first 15 minutes of trading. It was up about 0.4% later in the morning, to about 35946.

If the index closes above 36,000, it will be the Dow’s sixth 1,000-point milestone of the year, the most in a single year on record. In January, the Dow closed above 31,000 for the first time.

I don’t see too much concern creeping into the market and that’s because earnings season has been a pretty strong one and most companies are seeing strong demand,” said Seema Shah, chief strategist at Principal Global Investors.

Looks like Virginians didn’t get the memo!

 

[Smokin' OP]

The majority of small business owners don’t share the assessment of what you just shared. What you shared is all rhetoric from Democrats. Have you ever run a business or had P & L responsibility for a small businesses?? Loans don’t mean shit if you are going to be slapped with taxes and regulations at or near the same level as big corporations. It only means more debt and higher costs.

Yes I have.
P&L responsibility?
Profit and loss.
The number one responsibility of anyone running a business, in my book.
Done weekly.
SBA provides a lot more than loans.
They provide legal, business, employee advice, tax advice, managing advice, growing your business, purchasing advice, compliance advice.

Taxes are just another bill, just like your, payroll, loan payments, vehicle payments, equipment payments, etc.

So, are you going to insist any one of them lower your payment?
If you're going into debt over taxes and regulations, you failed 'P&L' and you should be in business, in the first place.

Regulations are just part of the job, once an inspector or compliance official explains why you must do this or that or why a rule even exist, they aren't a biggie.
It is, if your totally unprepared or it a major one that's new.

 

[Smokin' OP]

That's the way Washington is supposed to work, legislators being forced to compromise and make deals. A good president can get involved and sway public opinion. This one is not interested in doing that.

BS.
Biden's infrastructure bill is popular among citizen's.
It's these two moron democrats and the GQP that are voting for their donors, instead of their constituents.

“Adding trillions of dollars more to nearly $29 trillion of national debt, without any consideration of the negative effects on our children and grandchildren, is one of those decisions that has become far too easy in Washington,” Manchin said. The month prior, he had specified that some of the climate-related provisions were “very, very disturbing.”

BS.
For decades, Manchin has profited from a series of coal companies that he founded during the 1980s. His son, Joe Manchin IV, has since assumed leadership roles in the firms, and the senator says his ownership is held in a blind trust. Yet between the time he joined the Senate and today, Manchin has personally grossed more than $4.5 million from those firms, according to financial disclosures. He also holds stock options in Enersystems Inc., the larger of the two firms, valued between $1 and $5 million.

Those two companies are Enersystems Inc. and Farmington Resources Inc., the latter of which was created by the rapid merging of two other firms, Manchin’s Transcon and Farmington Energy in 2005. Enersystems purchases low-quality waste coal from mines and resells it to power plants as fuel, while Farmington Resources provides “support activities for mining” and holds coal reserves in the Fairmont area. Over the decades, whether feeding tens of thousands of tons of dirty waste coal into the power plants in northern West Virginia or subjecting workers to unsafe conditions, Manchin’s family coal business has almost entirely avoided public scrutiny.

 

[Smokin' OP]

That's the way Washington is supposed to work, legislators being forced to compromise and make deals. A good president can get involved and sway public opinion. This one is not interested in doing that.

Yeah, that's the issue it's democrat's doing the compromising, never the republicans, they just say NO.
Been doing that since Clinton was president.

Arizona Democratic Senator Kyrsten Sinema has spent the last six weeks under increasing pressure from progressives to stop obstructing President Joe Biden’s agenda. Along with fellow Democratic moderate Joe Manchin (D-W.V.), Sinema has all but halted the passage of Biden’s budget complaining about the price-tag for the wide-ranging piece of legislation publicly. And, according to reports, swiping at the prescription drug price provisions behind closed doors.

Stan Hubbard, a Minnesota billionaire who since at least 2000 has regularly written six-figure checks to the RNC and who supported GOP presidential hopefuls like Scott Walker (before giving to a pro-Trump super-PAC) wrote Sinema a $2,900 check on Sept. 29.
And both Jimmy Haslam, the owner of the Pilot truck stop chain and the NFL’s Cleveland Brown’s, and his wife Susan gave Sinema’s campaign $2,900 a piece on Septemeber 30. Haslam is a reliable GOP donor who has given at least $425,000 to the Senate Leadership Fund—a super-PAC set up by allies of Senate minority leader Mitch McConnell to help the GOP take control of the Senate—as well as regular maximum donations to the GOP’s House and Senate party committees.

All this seems to be paying off. Sinema received strong support throughout the entire fundraising quarter from executives and lobbyists with close ties to the pharmaceutical and finance industry. On Friday, Politico reported that 90 percent of the money Sinema raised this summer came from donors who are not her constituents.

 

[citygator]

Where else can pension funds and 401ks invest when rates remain super low? Definitely not CEO material. Inflation is close to 6%…time to raise interest rates…then let’s see how much shit you talk, leftist zombie.

Youre a sick AnitAmerican republican rube when you can’t even be pleased the stock market increased cause it’s under a democrat president. You’re pathetically partisan. Seek help.

 

[gipper]

Youre a sick AnitAmerican republican rube when you can’t even be pleased the stock market increased cause it’s under a democrat president. You’re pathetically partisan. Seek help.

We all know the stock market is an inflated bubble. It’s going to burst someday. This has nothing to do with politics. However who ever is potus when it blows up, will get the blame. Whether right or wrong.

It’s in a bubble because the Fed is keeping rates at zero, and buying billions in corporate bonds. The federal government is doing all it can to inflate balance sheets with it’s ridiculous tax policies, where hugely profitable corporations pay little to no income tax. Big government contracts are handed out like candy to big corporations. spending trillions annually has an impact. Laws are written to protect big corporations from competition.

This can’t continue forever. When it stops, we’ll see a big crash.
55 Corporations Paid $0 in Federal Taxes on 2020 Profits

 

[LeftofLeft]

Yes I have.
P&L responsibility?
Profit and loss.
The number one responsibility of anyone running a business, in my book.
Done weekly.
SBA provides a lot more than loans.
They provide legal, business, employee advice, tax advice, managing advice, growing your business, purchasing advice, compliance advice.

Taxes are just another bill, just like your, payroll, loan payments, vehicle payments, equipment payments, etc.

So, are you going to insist any one of them lower your payment?
If you're going into debt over taxes and regulations, you failed 'P&L' and you should be in business, in the first place.

Regulations are just part of the job, once an inspector or compliance official explains why you must do this or that or why a rule even exist, they aren't a biggie.
It is, if your totally unprepared or it a major one that's new.

Know business owner or P&L role should expect to be tax-free or regulation-free. At the same time, business owners and P&L roles know egregious taxes and regulations have their limits.

Taxes and regulations are costs. If those costs are so great, it will LIMIT the number of businesses just like any other cost. This is my original premise that you keep fighting.

 

[AzogtheDefiler]

Youre a sick AnitAmerican republican rube when you can’t even be pleased the stock market increased cause it’s under a democrat president. You’re pathetically partisan. Seek help.

LOL. You didn’t answer my question. Under Trump rates were higher AND the market still did great. Rates are at the very bottom. Of course the market will be high. Why don’t you try honesty for a change. For the 100th time, I am an Independent

 

[hadit]

BS.
Biden's infrastructure bill is popular among citizen's.
It's these two moron democrats and the GQP that are voting for their donors, instead of their constituents.

“Adding trillions of dollars more to nearly $29 trillion of national debt, without any consideration of the negative effects on our children and grandchildren, is one of those decisions that has become far too easy in Washington,” Manchin said. The month prior, he had specified that some of the climate-related provisions were “very, very disturbing.”

BS.
For decades, Manchin has profited from a series of coal companies that he founded during the 1980s. His son, Joe Manchin IV, has since assumed leadership roles in the firms, and the senator says his ownership is held in a blind trust. Yet between the time he joined the Senate and today, Manchin has personally grossed more than $4.5 million from those firms, according to financial disclosures. He also holds stock options in Enersystems Inc., the larger of the two firms, valued between $1 and $5 million.

Those two companies are Enersystems Inc. and Farmington Resources Inc., the latter of which was created by the rapid merging of two other firms, Manchin’s Transcon and Farmington Energy in 2005. Enersystems purchases low-quality waste coal from mines and resells it to power plants as fuel, while Farmington Resources provides “support activities for mining” and holds coal reserves in the Fairmont area. Over the decades, whether feeding tens of thousands of tons of dirty waste coal into the power plants in northern West Virginia or subjecting workers to unsafe conditions, Manchin’s family coal business has almost entirely avoided public scrutiny.

Manchin is correct, throwing trillions of dollars around like they're Monopoly money is a quick way to turn the American dollar into real Monopoly money. Unless you know everything that is in that massive new spending bill, you have no idea if it's a good idea or not. If only a small percentage of it is actually directed to infrastructure, it SHOULD be blocked and stripped down. As for it being popular, the IDEA of spending money on infrastructure is appealing, something that democrats rely on when they want to crank up a lot more new spending. I remember a certain democrat president who demanded and got billions of dollars for "shovel-ready" infrastructure jobs, then laughed about how they weren't "shovel-ready" after all.

This happens repeatedly. Democrats want to spend money but know that if they just crank up a bunch of random spending bills people will not support them, so they find a focus group approved subject people react positively to and put that on the spending bills. That way they can then just lard the things up with massive amounts of unnecessary pork designed solely to get themselves re-elected and maintain their power. Again, Manchin is correct.

 

[hadit]

Yeah, that's the issue it's democrat's doing the compromising, never the republicans, they just say NO.
Been doing that since Clinton was president.

Arizona Democratic Senator Kyrsten Sinema has spent the last six weeks under increasing pressure from progressives to stop obstructing President Joe Biden’s agenda. Along with fellow Democratic moderate Joe Manchin (D-W.V.), Sinema has all but halted the passage of Biden’s budget complaining about the price-tag for the wide-ranging piece of legislation publicly. And, according to reports, swiping at the prescription drug price provisions behind closed doors.

Stan Hubbard, a Minnesota billionaire who since at least 2000 has regularly written six-figure checks to the RNC and who supported GOP presidential hopefuls like Scott Walker (before giving to a pro-Trump super-PAC) wrote Sinema a $2,900 check on Sept. 29.
And both Jimmy Haslam, the owner of the Pilot truck stop chain and the NFL’s Cleveland Brown’s, and his wife Susan gave Sinema’s campaign $2,900 a piece on Septemeber 30. Haslam is a reliable GOP donor who has given at least $425,000 to the Senate Leadership Fund—a super-PAC set up by allies of Senate minority leader Mitch McConnell to help the GOP take control of the Senate—as well as regular maximum donations to the GOP’s House and Senate party committees.

All this seems to be paying off. Sinema received strong support throughout the entire fundraising quarter from executives and lobbyists with close ties to the pharmaceutical and finance industry. On Friday, Politico reported that 90 percent of the money Sinema raised this summer came from donors who are not her constituents.

Democrats don't compromise, I'm surprised you're claiming that they do. Republicans have only in the past few years discovered that when democrats talk about compromise they only mean Republicans are supposed to compromise, not democrats. It's not really surprising to see them flexing their political muscles. It's something the Blue Blood Rockefeller and Bush Republicans always lacked, as they allowed democrats pretty much free reign to do what they wanted. I think it was when Bush, Sr. allowed them to raise taxes then got savaged by them for breaking his pledge that Republicans started to get fed up with it.