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45260. concerned - 11/13/2012 11:34:06 PM Corporations, except for a few marginal players, will not lay off anyone because of partisan pique. We are talking first tier companies such as Boeing, PepsiCo, Northrup Grumman, etc. that are among those already cutting back their work forces due to the unfriendly tax and regulatory environment the 0bama administration is creating.
As far as the economy 'slowly improving', that not the case, since workforce participation and mean household income are both lower than at the bottom of the recession which ended in 2009. An explosion of 'part time' jobs (less than 30 hours a week), being defined as those where the employer is not responsible for health care expenses, is expected, and I think you know the reason for this. These are all strong indicators of a declining economy, not of one that is 'slowly recovering'.
The stock market is doing better mostly because of the vast amounts of money that the 0bama administration is plowing into Wall Street, so that its performance does not correlate with the state of the economy (this is not unusual, historically, btw.). The jobless rate will definitely increase and may well top 10%, if not more. Add to that the high probability that the US will receive further credit downgrades, and there will be essentially nothing that anybody could point to (with any credibility) as indicating that the overall economy is improving. 45261. judithathome - 11/13/2012 11:47:56 PM If JAH and iiibbb weren't encapsulated in bubbles of their own, how come they didn't see this coming if 0bama won?
If you honestly believe the layoffs were awaiting an Obama win, then you are much denser than I think you are...projected layoffs are planned months in advance. They would have happened if Romeny had won, also.
Of course, had that happened, you'd be spinning it as "cutting the flab" or some other such BS. 45262. Wombat - 11/14/2012 12:09:18 AM In the interests of science, I went to the layoffs web site Concerned was kind enough to provide a link for.
I did a quick and dirty comparison of the actual number of layoffs reported in the week before election day and the week after. I excluded non-specific reports of pending layoffs, and international layoffs (where some of the big numbers are). The numbers include layoffs caused by events that most likely have no link to the economy, such as the Massachusetts company that mixed contaminated vaccines, and companies that failed regulatory tests.
In the week before election day, 6,875 people were laid off by companies and state and local governments. The week after election day 6,819 people were laid off.
So...using a standard that is only slightly less moronic than Concerned's cut and paste extravaganza for measuring economic success/failure, it is clear that employers actually welcomed the reelection of President Obama, as they laid off less people.
Concerned, I hope you get paid for posting stupid shit on blogs, because if you aren't, it means that you might actually believe what you are posting, your claims of above-average intelligence notwithstanding.
45263. concerned - 11/14/2012 1:49:53 AM Well, here, Wombat - add this into your mix:
Darden Restaurants has announced that its scaling many of its employees' workweeks back to 28 hours. They employ 185,000 people, and Kroger, which employs 350,000, will limit existing part timers and new hires to 28 hours a week also to avoid the $3,000 0bama Care Insurance penalty.
Yes, these people will technically still be employed, but total compensation for many of them will probably be half of what it would have been pre-0bamacare, and they will have to purchase their own health insurance without the benefit of receiving a group rate.
Tell me how this isn't a step backwards. 45264. Wombat - 11/14/2012 5:22:52 AM Well here, Concerned - work on your reading comprehension:
"Darden Restaurants, the company that operates Olive Garden, Red Lobster and LongHorn Steakhouse restaurants in Atlanta and nationwide, is experimenting with limiting hours of some employees to avoid health care requirements introduced in the Affordable Care Act.
The pilot project is only occurring at a “select number” of restaurants, the Orlando Sentinel said, while the restaurant company determines whether it is a viable option. Under a provision of Obama Care that will take effect in 2014, all large companies must offer health care to employees who work 30 hours or more per week.
Orlando, Fla.-based Darden is the world’s largest casual dining company and has about 185,000 employees, the Sentinel said. If widely implemented, according to observers, the plan to limit worker hours could result in less-skilled workers and a higher turnover."
It isn't a step backwards. It's bait for morons who appear to read at a fourth-grade level. Note the terms "pilot program," "select number," and the last sentence of the article. Also note that the provision doesn't kick in until 2014, so Darden will have plenty of time to figure out whether this particular game will work. 45265. Wombat - 11/14/2012 5:28:31 AM At least the Darden story is from a reputable source, which is more than can be said for the Kroger story. 45266. concerned - 11/14/2012 9:29:56 AM Best not cast stones regarding 'reading comprehension', Wombat. 'Some' employees could easily be 'some' tens of thousands and certainly thousands - plenty enough to make my point.
It's a step backwards - only a tool would aver differently. 45267. concerned - 11/14/2012 9:42:12 AM
Look Who's Refusing To Compromise To Avoid The Fiscal Cliff
Look who's willing to damage the economy and hurt Americans to wage cultural war on capitalism: The Daily Kos, The Huffington Post, Paul Krugman and many other scumbags and their mouthpieces. As I've always maintained, it's all about power, nothing else, with the Left.
This is the type of crime against humanity that the Left always claimed only a conservative would perpetrate, btw.
Well, it turns out the amoral, ethics free Left was projecting all along here. It is Lefties who want to destroy the American economy in order to play scorched earth politics. They should at least have the honesty to own up to it in public if they do, but these liars won't.
45268. Wombat - 11/14/2012 3:27:49 PM Get back to me when they actually start doing this, Concerned. Until then, it is speculation and wishful thinking on your part.
The other alternative, of course, would be to actually obtain and help pay for health insurance for their employees. Some might see a competitive advantage in a workforce that feels their employer is looking out for them, as opposed to treating them as disposable parts. Like Starbucks, for example. 45269. judithathome - 11/14/2012 6:05:19 PM God, I don't know how much more of this stuff I can take...I've seen more gracious losers in a sandbox of three year olds.
Conn'd, you can't honestly think it is better for working people to be gyped out of their health insurance, can you? Do you think WalMart is a prime example of how to treat people working for their famlies? 45270. Ms. No - 11/15/2012 12:37:49 AM Corporate America and the wealthy have more money and lower taxes than they've had in the last 70 years and yet, here we are in a fiscal hole with high unemployment, high debt, and the constant refrain from the supply-side charlatans that we can only get jobs if we give more breaks to the 1%
Jobs are created by small business owners, 97% of whom make less than $250,000 per year. That's who needs the break, not Donald Trump.
45271. iiibbb - 11/15/2012 1:16:05 AM 
45272. judithathome - 11/15/2012 1:52:11 AM He ought to spend more time in trying to improve his lousy product than in carping about how many breaks he needs to get by...he makes the worst pizza on earth.
Screw him and the Republican party he rode in on. 45273. arkymalarky - 11/15/2012 1:55:21 AM I can't afford Papa Johns pizza. Or any other asshole CEO who tries to screw employees out of health care. May be time to quit Walmart again. 45274. judithathome - 11/15/2012 1:56:05 AM Remember when Romney went to Papa John's castle, swanned around the grounds, and said to all his cronies that were there that he wanted everyone to live like this? He was lying when he said it and I am so glad that we, the 47%, saw through his ignorant bullshit and dumped him on the ash heap of his completely, totally inept campaign. 45275. arkymalarky - 11/15/2012 1:56:25 AM Never had PJ pizza. 45276. arkymalarky - 11/15/2012 1:58:15 AM Like his pollsters, he was off by a few percent. Sucks to be him. 45277. concerned - 11/15/2012 2:13:50 AM re. 45269 -
You seem a little confused. It's your guy that's doing this with this oh-so-wonderful 'health' plan. I didn't vote for it. 45278. concerned - 11/15/2012 2:21:08 AM Re. 45274 -
..and voted for somebody with zero economic experience. I don't include flushing at least $5 trillion dollars down the toilet in 4 years applicable experience. And now 0bama's gearing up to flush another 4-6 trillion down the toilet the next four years. What's America going to be able to say about that? 'We spent $10 trillion dollars and all we got was this wad of toilet paper with 'FU' scribbled on it.' ?
And now 0bama and his minions are gearing up for total war on Republicans regarding the fiscal cliff. Screw the people who voted for him.
45279. concerned - 11/15/2012 2:22:28 AM And now 0bama and his minions are gearing up for total war on Republicans regarding the fiscal cliff and screw the people who voted for him in the process.
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