Let Us Pray »
Posted By Spinward 12 months ago in Political NewsLet us pray that Obama does nothing that he promised.
Raising taxes on businesses and corporations: BAD.
Raising the minimum wage and indexing it to inflation: BAD.
Introducing Carbon Trading: BAD.
The Fairness Doctrine: BAD.
The Employee Free Choice Act: BAD.
We're in for a rough ride, folks...
Read Full Story at spinwardslanding.blogspot.com »
414 Views Share Story 10 Comments Report
Submitted By:
Spinward
As a U.S. Marine, I have a deep love for my country. As a world traveller, I have a respect for other cultures and ...
RSS Join the Discussion
+ Add CommentComments So Far: 16 (view all)
-
62%
Spinward12 months ago
This comment is below the standard viewing threshold View It »
Odd that a man would be elected on campaign promises that we hope don't come true.
Reply
Bankrupting clean coal, raising the price of gasoline, increasing taxes, raising inflation, and sparking higher unemployment... I wonder which he'll get started on first? -
73%
corl6412 months ago
This comment is below the standard viewing threshold View It »
Great article, as always. The min. wage thing is what gets me. It becomes a vicious cycle, wages go up, prices go up, wages go up again to cover the higher prices, the prices go up again to cover the businesses higher payouts. Basic common sense tells you that.
Reply-
75%
slate12 months ago
This comment is below the standard viewing threshold View It »
When I was in a union as a lad, we prayed for an increase in minimum wages, because that amount was automatically add to our wages, leaving the minimum wage folks in the same place they were while elevating our wages.
Reply
This is just what the auto and other union based corps don't need at this time, having to increase wages for employees that already have inflated salaries.
-
-
77%
nostalgia12 months ago
This comment is below the standard viewing threshold View It »
Remember his promise to only raise taxes on the top 5%??
Reply
"taxpayers with an AGI of $153,542 or more in 2006 constituted the nation's top 5 percent of earners"
http://www.taxfoundation.org/news/show/250.html
What do you think that is going to do to small businesses? -
73%
nostalgia12 months ago
This comment is below the standard viewing threshold View It »
As far as the Employee Free Choice Act, even George McGovern is against this - certainly not a member of the right wing
Reply
http://www.youtube.com/watch?v=6yVC2VLF99w -
70%
jimdoze12 months ago
This comment is below the standard viewing threshold View It »
The part that is missed is that by further unionizing the work force it makes the work force more expensive, therefore less competitive, in the world labor market. Quite simply, this will accelerate outsourcing. The only policy option will then be to put up trade barriers and outsourcing barriers to "protect workers". Already we hear rumblings of this. Heavy emphasis on unionization is a first, but very steep, step down the road to protectionism. Protectionism is a key ingredient for worldwide economic depression, particularly in today's very sudden shift into a declining world economy. It is axiomatic that trade wars, having spun out of control, lead to shooting wars.
Reply
IMO, the key to defusing this deadly circle is to remove emphasis on unionization and shift the emphasis to education... in a big way! Education improves human capital and elevates the competitiveness of the workforce in the world market.-
67%
canadianrancher5712 months ago
This comment is below the standard viewing threshold View It »
I agree with most of your comment but have a bit of a problem with the education part, there are many jobs in the worplace that don't require people to have to much smarts. There is a cost to educating people and it seems that in some job sectors it would be a waste of a persons time.
Reply
Just for my own curiosity I was wondering if you could be more specific about how education would help in regards to the workforce in the world market, since most of the jobs that have been lost have been lost to lower wages in other countries and to me it is usually countries with a lower standard of living. I have read that last statement a couple of times and it still hasn't registered so I must be missing something.
-
-
-
55%
pc2512 months ago
This comment is below the standard viewing threshold View It »
with the looming bailout of the auto makers approaching every analysis that I have seen concerning the big 3 is that the retirement and health plans they have with the UAW is breaking them. their sales are down but their costs have remained fixed. a lot of analysts say that they need to go bankrupt and reorganize in order to get out from these agreements, renegotiate them and the non favorable arrangements they also have with their dealer network. until they can manage to get their costs down, and a lot of the cost is in their health benefits and pension plans all the bailout money will not solve their problems. a democratic pro union congress is going to fight this tooth and nail. analysts feel that the additional 25 billion they are requesting now on top of the 25 billion they already received will do little to stop the bleeding. As one Republican congressman said on Cavuto today to tax people earning 15 dollars an hour to bailout an industry that pays 75 dollars is LUNACY.........their costs need to get under control.........they should be forced to reorganize and then the government can then LEND them money otherwise where is this going to end.
Reply-
The_Moaning_AfterComment removed: Hard Banned
-
-
50%
icono112 months ago
This comment is below the standard viewing threshold View It »
As with most politicians, what OBama said on the campaign trail to get votes and what he actually does as president may be two different things.
Reply
In fact, if one can imagine, what he ends up doing could be far worse than what he promised to do. -
67%
canadianrancher5712 months ago
This comment is below the standard viewing threshold View It »
I read the artical and can't comment on all of it but have to agree with some parts. The part on all the new spending is the part that really bothers me and I'm not even in your country although this idea seems to be a worldwide idea right now. The idea of pumping up the economy with cash may have been OK in the 1930's but with the debt that most countries are running right now I don't think it is the right answer this time around. Everyone seems to be eager to have government help but very few seem to care about repaying the debt.
Reply
This might be a sort of a simple statement but I fear the Democrats are going to reward labor the way that the present government has rewarded those in the finacial sector.-
-
40%
Spinward12 months ago
This comment is below the standard viewing threshold View It »
I have to agree.
Reply
Economies ebb and flow like the tide and many argue that the current conditions, complicated by the commercialization of sub-prime lending (signed into law by Carter the last time the Dems held the presidency and super-majorities in congress), are indicative of a correction that is well over-due.
As the economy corrects, throwing money at it is like trying to stop the tide from going out. We can bull-doze and sandbag all we like... there is no stopping it. Eventually people wake up and say, "I can't see buying a 3 bedroom house for $350,000 in this neighborhood." ...and the correction starts.
The best thing to do would be to keep labor costs low, keep taxes on businesses low, and let the corrections naturally happen without throwing the country into another level of deficit spending.
Sometimes, the medicine tastes bad.
-
More News
The Huffington Post
Shannyn Moore: Stupak's Flaccid Amendment Needs No Viagra
Huff TV: HuffPost Editor Roy Sekoff Discusses The Sarah Palin Coin Controversy On The Joy Behar Show
Andy Borowitz: Lou Dobbs Returns to His Planet; 'My Work Here is Done'
Yoani Sanchez: "Tell Yoani to Shut Up"
John R. Bohrer: Hold the Hofstadter: Why the GOP Is Winning 2010
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.