The Real Employment Problem

[OnePercenter]

The answer is: Corporate America is sitting on 100T in cash.

So why isn't corporate America investing and hiring?

Possibly, their returns are better in Brazil, India, and China, or perhaps they have a premonition of impending economic doom?

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

Their returns in the market are better than Brazil, India, and China.

btw: Thom Hartman is a one percenter with something to sell.

 

[Mustang]

The answer is: Corporate America is sitting on 100T in cash.

So why isn't corporate America investing and hiring?

Not enough demand to warrant hiring.

 

[OnePercenter]

The private sector is not doing their job.
We know that the private sector are the job creators and in fact the private sector hasn't been creating jobs to keep up with the population growth since the early 2000s. They have created about as many jobs offshore as they have domestically. No one can say they aren't profitable enough to create jobs, just look at the Dow and record profits.
Of course one wouldn't expect The American Thinker to offer up a realistic balanced point of view based on it's more so far right and pro-business philosophy.
I will never argue that the stimulus was a success, because it wasn't. The per job created just doesn't look like a good investment.
It's is going to take the private sector to really lower unemployment.

Why not a new New Deal, financed in part by the 100T US corporations are sitting on?

The stimulus WAS a success. I'm having my best year, ever!

What would big business benefit from a 'new deal' when it's more advantageous to starve out the middle class and con them into thinking Republicans are the 'right way' so they (big business) can expand without paying for it through subsidies.

 

[OnePercenter]

The answer is: Corporate America is sitting on 100T in cash.

So why isn't corporate America investing and hiring?

Not enough demand to warrant hiring.

Because the middle class is starving. Thus you have your conundrum.

 

[georgephillip]

So why isn't corporate America investing and hiring?

Possibly, their returns are better in Brazil, India, and China, or perhaps they have a premonition of impending economic doom?

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

Their returns in the market are better than Brazil, India, and China.

btw: Thom Hartman is a one percenter with something to sell.

The following is from an interview Hartman did with Ravi Batra (who also sells books). Do you see anything to disagree with?

"...And slowly and slowly we are approaching the day when our system is going to collapse and I have put a date on it. I have said that it should be around 2016, or by that time, the system will collapse, because…

"Thom Hartmann: Internationally.

"Ravi Batra: Internationally, right. There are cracks everywhere in the world and we are patching up these cracks through borrowed money and how long can that go on? It’s not possible to go on forever.

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

 

[OnePercenter]

The private sector is not doing their job.
We know that the private sector are the job creators and in fact the private sector hasn't been creating jobs to keep up with the population growth since the early 2000s. They have created about as many jobs offshore as they have domestically. No one can say they aren't profitable enough to create jobs, just look at the Dow and record profits.
Of course one wouldn't expect The American Thinker to offer up a realistic balanced point of view based on it's more so far right and pro-business philosophy.
I will never argue that the stimulus was a success, because it wasn't. The per job created just doesn't look like a good investment.
It's is going to take the private sector to really lower unemployment.

The private sector hires, the government creates jobs, because without the government there wouldn't be business.

 

[eagle1462010]

The private sector is not doing their job.
We know that the private sector are the job creators and in fact the private sector hasn't been creating jobs to keep up with the population growth since the early 2000s. They have created about as many jobs offshore as they have domestically. No one can say they aren't profitable enough to create jobs, just look at the Dow and record profits.
Of course one wouldn't expect The American Thinker to offer up a realistic balanced point of view based on it's more so far right and pro-business philosophy.
I will never argue that the stimulus was a success, because it wasn't. The per job created just doesn't look like a good investment.
It's is going to take the private sector to really lower unemployment.

The private sector hires, the government creates jobs, because without the government there wouldn't be business.

LOL

Haven't taken your meds lately...........................

The Gov't Shutdown didn't effect the Private Sector. They needed to end the shut down because the American people might get the picture that the Gov't isn't really needed.

LOL

 

[OnePercenter]

Possibly, their returns are better in Brazil, India, and China, or perhaps they have a premonition of impending economic doom?

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

Their returns in the market are better than Brazil, India, and China.

btw: Thom Hartman is a one percenter with something to sell.

The following is from an interview Hartman did with Ravi Batra (who also sells books). Do you see anything to disagree with?

"...And slowly and slowly we are approaching the day when our system is going to collapse and I have put a date on it. I have said that it should be around 2016, or by that time, the system will collapse, because…

"Thom Hartmann: Internationally.

"Ravi Batra: Internationally, right. There are cracks everywhere in the world and we are patching up these cracks through borrowed money and how long can that go on? It’s not possible to go on forever.

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

As told in his book.......right?

If you want to fix the cracks, make it financially 'helpful' for business to hire which would increase revenue thus permanently filling the cracks and paying back the loans.

 

[OnePercenter]

The private sector is not doing their job.
We know that the private sector are the job creators and in fact the private sector hasn't been creating jobs to keep up with the population growth since the early 2000s. They have created about as many jobs offshore as they have domestically. No one can say they aren't profitable enough to create jobs, just look at the Dow and record profits.
Of course one wouldn't expect The American Thinker to offer up a realistic balanced point of view based on it's more so far right and pro-business philosophy.
I will never argue that the stimulus was a success, because it wasn't. The per job created just doesn't look like a good investment.
It's is going to take the private sector to really lower unemployment.

The private sector hires, the government creates jobs, because without the government there wouldn't be business.

LOL

Haven't taken your meds lately...........................

The Gov't Shutdown didn't effect the Private Sector. They needed to end the shut down because the American people might get the picture that the Gov't isn't really needed.

LOL

Are you serious? Why don't you name a business sector and I'll show you.

The Government Shutdown didn't effect the private sector because everything the private sector needed was already in place.

 

[georgephillip]

Their returns in the market are better than Brazil, India, and China.

btw: Thom Hartman is a one percenter with something to sell.

The following is from an interview Hartman did with Ravi Batra (who also sells books). Do you see anything to disagree with?

"...And slowly and slowly we are approaching the day when our system is going to collapse and I have put a date on it. I have said that it should be around 2016, or by that time, the system will collapse, because…

"Thom Hartmann: Internationally.

"Ravi Batra: Internationally, right. There are cracks everywhere in the world and we are patching up these cracks through borrowed money and how long can that go on? It’s not possible to go on forever.

Transcript: Thom Hartmann: The coming economic crash... - Dr. Ravi Batra 19 March '13 | Thom Hartmann - News & info from the #1 progressive radio show

As told in his book.......right?

If you want to fix the cracks, make it financially 'helpful' for business to hire which would increase revenue thus permanently filling the cracks and paying back the loans.

What if hiring is no longer the only solution to mass unemployment?
The Purpose of an Economy

"1. The first of these is that it is a disguised Government, of which the primary, though admittedly not the only, object is to impose upon the world a system of thought and action.
2. The second alternative has a certain similarity to the first, but is simpler. It assumes that the primary objective of the industrial system is the provision of employment.
3. And the third, which is essentially simpler still, in fact, so simple that it appears entirely unintelligible to the majority, is that the object of the industrial system is merely to provide goods and services."

If the purpose of an economy is simply to provide goods and services, employment becomes optional.

Social credit - Wikipedia, the free encyclopedia

 

[Freewill]

IMHO, our government and progressive educators place too much emphasis on college and not vocational areas. Where are the schools offering those who prefer vocational skills other than Liberal Arts?

First of all STATES, (not the FEDs) decide what education will look like, mate.

STATES run their education.

Did you NOT know that?!

Then seriously, how do you expect us to take you POV seriously?

Secondly, there are PLENTY of vocational programs available for kids.

No school system in AMERICA does not offer VO-TECH.

Common Core

No Child Left Behind

 

[Freewill]

So why isn't corporate America investing and hiring?

Not enough demand to warrant hiring.

Because the middle class is starving. Thus you have your conundrum.

Interesting that you said the stimulus worked because YOU were doing better then ever, now this. Are you above the middle class or below?

 

[Londoner]

By Frank Ryan
November 16, 2013

Supposedly the economy is rebounding.

Don't believe anything you hear about a rebounding economy. The economy has been slowly dying since our capitalist class moved production to dirt cheap labor markets in freedom hating nations like Communist China.

Remember the phrase "Jobless Recovery" that was first coined during the Bush recovery? It captured the new form of economic growth whereby there is a recovery on Wall Street but not Main Street .

Corporations and investors benefit by the movement of American jobs to cheaper labor markets. Nike makes a higher return when its sneaks are made by workers earning $5/day, living in hovels beneath brutal dictators.

Here's the problem: capitalism's desire for ever cheaper labor costs creates a demand problem because workers are also consumers. When you ship their jobs to China and/or when you pay them less so investors can make more (and when you strip their benefits and all the programs that gave them an affordable cost of living), the result is that the workers (i.e., consumers) don't have enough money to buy things. And when the consumer doesn't have enough money to buy from the capitalist, the capitalist must layoff workers, which merely worsens the original demand problem. [This is a well established flaw of capitalism: its desire for cheaper labor undercuts the very consumer demand required to add jobs or prevent layoffs, that is, the capitalist has no choice but to fire workers if not enough people are buying his products] But it gets worse. The typical response to a demand problem is for the financial system to expand credit (so workers/consumers can survive and continue to consume). The expansion of credit went into overdrive in the 1980s under Reagan, who devoted his presidency to helping business lower their operating costs - indeed, lowering labor costs is a major tenet of Supply Side economics . . (and, expanding credit to make up for lost wages is a common method for addressing the resultant demand shortfall). This expansion of credit temporarily restores purchasing power and economic growth, but eventually it comes to an end when too many consumers are too indebted to consume. That is where we are now. Once this happens, the available policy responses are almost non-existent. Tax cuts don't work if the businesses you're giving the tax cuts to don't have enough consumers to warrant investment/innovation. You can't repair a demand problem with Supply Side policies. Henry Ford understood demand. This is why he paid his workers enough to buy the cars they produced. Unlike in Ford's day, today's capitalists can sell their products around the globe. This means they can survive just fine if the American consumer dies.

Summary: When the Reagan/Thatcher model moved production to cheaper labor markets (along with lowering wages globally so corporations could make higher profits), the U.S. consumer started going deeper and deeper into debt. 30 years of borrowing, and 30 years of stagnant wages and disappearing benefits, eventually destroyed consumption in the aggregate. With too many indebted families - and insufficient wage growth -there is simply not enough demand out there for the capitalist to justify adding jobs. Also, consumer demand has been further weakened by monopoly pricing in energy, health care and nearly every major sector (-meaning: the American wallet is getting raped at the pump and in the doctors office.] If you're one of the suppliers or investors in the monopolies which run the US Economy, than you've enjoyed quite an economic recovery. But if you're just a lowly worker, than you've been waiting for the trickle down for 30 years. Unfortunately the only thing that has trickled down is credit and debt.

The Reagan Revolution gave the upper classes cheap Chinese labor, lower taxes, subsidies and bailouts. As a result, we have witnessed unprecedented wealth gains on top. To make up for lost jobs, stagnant wages, disappearing benefits and over-priced monopolized consumer markets, the Reagan Revolution gave the lower classes MasterCards, Visas, American Expresses and sub-primes. This formula has given a small class of Americans enough money to buy government and media. They can now shape policy and control opinion. If any movement tries to challenge their centralized control of government, media and all domestic markets, than they will create a Talk Radio/FOX News revolution... and inspire throngs of useful idiots to scream socialism.

America swallowed poison in 1980. The jobs are gone, the wealthy own government, and debt has destroyed a generation of Americans. The game is over.