We are not a nation of businesses.
Posted By: Trickle up is a collosal failure. nm on 2008-10-13
In Reply to: You obviously know nothing about running a - business........nm
nm
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Those "small" businesses are the mom and pop...
type who don't have many employees. The small businesses who will be hurt by Obama's plan employ 25-100 people. More taxes on them, more capital gains taxes, they will downsize or close and stop investing because they can't afford it. There are thousands of those kinds of businesses across this country and they employ a significant number of people. It is not just the business owners who suffer....it is the people they employ.
Obama will CAUSE more businesses to go
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Big businesses........well they wouldn't have to
if we'd stop taxing the crap out of them. This country taxes the crap out of businesses at an alarming rate, when they can go to places like Ireland and have an 11% tax rate. They go to other countries where they don't have to pay those ridiculous taxes. That's the entire problem here. MORE TAXES! Those companies that do stay here, in order to cover their HIGH TAXES, charge you more to cover it for them. That's the point some of us have been trying to make. Obama wants to raise their taxes and I can guarantee you those that are still here will be gone in a flash. YOu get stuck on this big business hiring cheap labor. Well, they would be hiring you if your government would stop taxing the crap out of them.
That's what McCain has said during this entire campaign. STOP TAXING THE CRAP OUT OF THEM and stop running them off and we'll have more jobs brought back here. OBama says TAX TAX TAX them some more and they'll help pay for all of us. BULL!!! Those corporations won't pay him taxes. They up the cost of products and we pay it for them. Obama knows that. This man is a crook through and through....believe what you want. You darn right businesses want huge tax breaks? Wouldn't you? Oh well, maybe not. After all, O lovers love more taxes.
If you're so worried about the little guy who pays too much for his goods, then why not ask Obama why he wants to raise taxes on those very businesses who will turn right around and put them off on you, making everything you buy even higher!
And since you're so down on the big businesses, though I'm not sure what you call big business, who do you think hires everyone else? Poor people? You won't have to worry about the unemployment rate if O gets in there. He'll have taxed and mandated them right out of business and out of this country. The businesses that WILL be hurt are the very businesses you count on day to day and you don't even know who they are. I do. My husband works for one of them. They don't have a big name but they are the very reason you have your grocery store shelves with food on them and many other products. People that think like you don't have a clue all the businesses you use every day that are NOT rich, but they help sustain the very community you live in. They can employ anywhere from 10-200 people and believe me, that is NOT a RICH business but Obama will tax the businesses right out of business. They cannot afford all those mandates and garbage policies he wants to throw in there.
The florist in your town. Well, they're gonna close. They would fall into that MEAN RICH BUNCH all of you hate so much, as well as so many other companies you depend on every day. You've just got your mind so focused on the hugely large corporations, you can't see past that.
Well, when your town starts laying off hundreds at a time from all those businesses you thought you detested but then realize too late those aren't the ones you were thinking about, maybe you'll see it differently then.
Everyone is so focused on all the Wall Street crowd, they have failed to realize that crowd won't be hurting at all. You will and all those businesses that keep you and your community alive and well.
This is the fault of dems and republicans alike, not just one side.
You want to talk shafted, just wait till your local A/C guy can't even run his business because Obama has deemed him "RICH".
Right, Sam! If businesses are taxed more, they are
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Dont you get it?! Businesses WILL go overseas
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Oh, and BTW, $250K is not wealthy businesses
They're middle of the road, just making it businesses. They don't employ 3000 people like big business and they will be hurt the most. Big business will pass the tax increase onto the taxpayers. They'll be able to find loopholes with their 30+ laywers (exageration) who are paid to do that.
Wake up and take the blinders off!
Maybe if small businesses like MT companies
receive a tax credit as a reward/incentive to keep jobs INSIDE the USA, that policy will help American MTs.
That's Obama's policy.
The big green businesses are already overseas.......
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American businesses and individuals should all
nm
No, mine doesn't, but many small businesses...
including mid range transcription business who operate as S corporations, the entire income from their business is in that bracket and taxed as personal income. It is going to hit small businesses extremely hard. And I don't think it is fair that they have to pick up the tab to pay for tax CUTS for people who are already in the lowest bracket. I don't think that's right, I don't think that is fair, and it will result in businesses closing or laying off workers. So tell me what pray tell does that accomplish?
A government that taxes businesses into the ground...
is a main cause of offshoring. It costs more in taxes to do business in America than any other country in the world save one. And Obama wants to tax them even more, even the small business owners of the S corporation type. In order to fund a cut in tax for the people already in the lowest bracket who pay the lowest amount anyway. Thereby causing more small businesses to fail or cut back on staffing...causing more job loss instead of job creation. Sorry...that makes no sense to me.
Capitalism is when private owners run businesses
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Obama wants to grow small businesses
I can stick my head in the sand and pretend I don't know what this garbage is all about but anyone with half a brain would know you can't grow a business when you continue to pay pay pay through the nose AND give it to someone who has no motivation to do crap with their life.
blame it on businesses who won't clean up their trash..................NM
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Obama wants to give small businesses tax relief not...sm
raise their taxes. He wants taxes raised on large corporations who are making record profits, paying their executives millions in salaries and perks per year. Also you will find that most companies offshore to countries where they pay pennies on the dollar to workers rather than pay Americans a living wage. These countries are happy not to charge them high taxes because those few pennies feed their people.
Not in time for Chrysler, its employees, downstream businesses
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So businesses can use foreign labor for their products and services? nm
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With the stimulus package there are built in tax credits for small businesses and SBA...sm
I have worked in retail as an assistant buyer and see their profit margins...and I know there are many legit, honest, mom and pop stores, but they usually make up for it by hiring school kids for slave wages and also family members. I am talking about across the board, in factories, retail, hospitalitiy, techno, every sector, these workers would all be paying more EACH WEEK into the the tax stucture in this country, strengtheing our reserves, becomeing consumers themselves because they can finally afford something....I feel like I dropped from another planet here, or industry in MT is not the norm by far.
What dribble and so uninformed, he isn't taking money from small businesses, geez.
Common sense should tell you he is not saying he is taking the money from small business to give to the the middle class.
he is saying he wants to tax fairly the wealthy (businesses over 250,000) and probably take some of the loop holes away. Lower the middle class taxes (if there is one anymore) so we can breathe. Former statesmen have said it is dangerous to put all the money in so few hands, it develops corruption. Don't just read the headlines, read between, on top, in depth, etc. McCain jumped on that statement to win votes. He is wealthy, what makes you think he understands you? The reason our jobs are going overseas is the present adminstration has given all these corporations tax breaks to do so - saying it builds global democracy - it didn't work, it just made the corporations richer). i don't care who you vote for but Ms. Piggy would be better than McCain and dum, DE dum dum.
Yet we get on this board and moan and whine about not getting paid enough and companies are spening millions buying other transcription companies over our backs you think taxing them fairly is socialism.
I am through with this board, it is sad so many want 4 more years of the same. Keep working for pennies while benefits are taken from you, lines per are decreased. Do you think getting less for voice is fair when it takes almost the same amount of time to do it and make half? Do you think the company is taking that much of a hit? Yet they are forcing it so it most be a benefit to them. They are laughing all the way to the bank while you eat the feathers.
I had a friend on Right Nation who went down there. SM
He lives about an hour away. He did not gestimate anywhere even close to that.
A great nation. sm
As an outsider, I could give you another perspective and one not nearly so dire as yours. However, I also realise that my view is slanted as I simply adore this country and Americans in general. In short, given the information at his disposal, George Bush’s decision to oust Saddam looks altogether reasonable--though, again, not necessarily right. To argue otherwise demonstrates both ignorance and bad faith. So what are we to make of the downward spiral of sectarian mayhem that is currently drawing Iraq into the abyss? The violence seems senseless to us . . . but perhaps that’s the point. Perhaps our enemies recognize that the great exploitable weakness of the American military is that, in the wake of Vietnam, the American public’s grasp of geo-politics runs only as deep as the lyrics to Bob Dylan’s “Blowing in the Wind.” This is a weakness every bit as real, and every bit as deadly, as a missile with a faulty guidance system or a tank that stalls in its tracks--and it will remain a real weakness until the American public is knocked upside the head a sufficient number of times to outgrow it. What the degeneration of the mission in Iraq indicates most profoundly is that one 9/11 was not enough to crack through the platitudes of the late 1960s--which are deeply embedded in the universities, television networks and editorial pages of major newspapers. There remains, in such circles, the delusion that the jihadists are ultimately live and let live types, that totalitarian Islam will eventually just peter out, that the principles of the European Enlightenment will simply dawn on a billion Muslims without us cramming them down their throats.This may in the end prove the deadliest error in geo-political judgment Americans have ever made. Members of the genocidally well-meaning baby-boom generation will likely go to their graves believing they “gave peace a chance,” having spared themselves the anguish of killing hundreds of thousand Muslims . . . and likely bequeathed to their children and grandchildren the anguish of killing scores of millions.
the nation really isn't interested
It's just a device used by the neocons to keep the attention of the stifled. They know that the repressed loonies in the county slobber over anything pertaining to sex. Just look at O'Reilly. Nearly every night he has some story about prostitutes, strip clubs, girls gone wild -- he is complaining how horrible it is, yet they always have tapes behind him of half-naked coeds grinding away. If it is so horrible, must we see the tapes over and over?
I am with you, Shelly. Also, it seems our nation is
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I think it's a symbol of what our nation has become
Greed...from the top to the bottom. You couldn't pay me enough to get me to go out on Black Friday.
Obviously we are a divided nation.
Do not see how any of this will work. With no republican vote, that speaks volumes to me. Obviously cannot work together or see eye to eye with the future.
#1, The Nation is extremely partisan. #2.
Tillman didn't talk about why he went into the service to anyone. We will have to assume that what his mother is saying is true. Has the wife spoken out? I would think if he told his deepest heart's secrets, it would be to her. She was his high school sweetheart. Here's a snippet from a Newsweek article.
He joined the service just after a honeymoon to Bora Bora with his high-school sweetheart, Marie. He and a younger brother, Kevin, slipped off to enlist in Denver, where they could avoid publicity. Kevin, who gave up a budding minor-league baseball career, remains in the Army. Pat Tillman wanted no attention, no glory, for joining the rank and file. He didn't want to be singled out from his brothers and sisters in the military, says former Cardinals coach Dave McGinnis. Tillman apparently had made a pact with his family to stay silent about his service, a promise they have kept. They have gathered to grieve inside the comfortable family home in a leafy enclave of San Jose.
His was no simple case of patriotism; Tillman was never known as a flag-waver. His agent, Frank Bauer, told reporters he had suspected that Tillman might quit to teach or to practice law like his father, Patrick Sr., but not to join the military. Snyder, his college coach, said Tillman never used the word patriotism when he explained his plans to enlist. He just seemed to think something had to be done. When players asked why he enlisted, he didn't want to talk about it. McGinnis says there were reasons Pat said he had that he didn't want to divulge, and the coach respected his view and his right to make his own path. Tillman had always been different. When he joined the pros, he rode a bicycle to practice because he didn't own a car. He refused to buy a cell phone. A sports publicist at Arizona State once described him as a surfer dude.
It seems his mother decided the pact no longer had any merit. Personally, I see another Cindy Sheehan, disobeying her son's wishes.
Prayer vigil for our nation
I posted this on the Faith board but I also wanted to post it here just in case...
The North American Mission Board has started a prayer vigil for our nation before the election. If you want to participate there is a sign up and prayer guide at
http://ilivevalues.com/prayer
It's 40 days of prayer and then 40 hours of prayer at the end. Check it out! I think it will really do some good and if God's people work together and call out to Him together to heal our nation, He said He would hear us and do so!
Have a great day!
God Bless!
p.s. this wasn't meant to start a riot or to have a bunch of people who don't believe in prayer or God to get up in arms, it's just for those who would like to participate, so please don't go there. Thanks!
most pedophiles are found in the nation's
(nm)
How many pubs on this forum and in this nation
being a qualified candidate for VP and ready to step into the highest office in the land? This is not just about Palin. This is about a party who expects to be taken seriously in the Congresss, Senate, 2010 and again in 2012. So far, all we have seen these past 2 days is a GOP collective who cannot abandon the witch hunt and mob stalking of Obama long enough to address their own shortcomings.
The presumption on the part of these folks that they should be taken seriously by anyone except themselves in view of the fact that they can turn a blind eye to this kind of basic deficit in their party and the judgment of their leaders is LUDICROUS.
Palin may not be a front burner issue for much longer, but the shambles that is the republican party will be there for a long time....a very long time, if their own members cannot get off their high horses long enough to take a long, hard look at themselves.
If we claim to be a nation of laws, then
we need to BE a nation of laws. JTBB has said it all and said it well.
With our nation in dire straights
knowing that 79% of my compatriots are feeling optimistic about our future with only 14% expressing pessimism. What's up with that?
For me, its about FINALLY having our long-awaited closure and moving forward instead of backward. I'm sure some will say "it's just a poll" but when I see that sea of humanity gathering with excitement, enthusiasm and joy, with smiles all over their faces, DESPITE the precarious state of our nation, I know in my heart it is much, much more.
Those numbers help me keep things in perspective (especially when reading the posts of this forum) and focused on what's really important. I will take great pride in doing my part, to whatever extent possible, in becoming part of the solution, and not the problem.
Obama and the State of our Nation
Obama was VOTED in, not 'given' the job as President...You know, I cannot believe some of the things tht come from the brains and out of the miouths oif some indivuduals. This is indeed a historic moment; that I am in agreement with, and I also agree that 170M for the Inaguration was excessive but I will tell you what I find even more excessive - the lying, stealing criminal former administration who ripped of the American people (regardless of political affilation) and basically thummed their noses at us because they felt and still feel they are above the law. The former president and his administration didn't give a durn about the economy and reputation of this country do you truly believe that they cared whether you, your husbands, sons and other relatives lost their jobs and homes? Do you really think they were concerned about whether YOU have enough to retire on after dutifully putting away funds in your 401k? I don't think so. They gutted us and left us twisting in the wind; and while we worry about how we are going to pay the light bill and have enough to buy grioceries let alone our mortgage - they dine well and live like kings, their families and frineds in their inner circles do not have to concern themselves with such mundane issues...why would they? Their gods are Franklin, Harrison, Grant, et al.WE PAID FOR IT and will be for years to come.
So much for promoting unity in our nation........... sm
While there may have been an UNOFFICIAL white caucus all these years, I believe the key word is "unofficial." Were blacks denied membership into this caucus based solely on the color of their skin? I rather doubt it, but I am certain that the black population would probably say they were.
I am all for equal opportunities when it comes to education, housing, jobs, etc., for all people regardless of skin color. However, forming special interest groups does nothing to promote equality. Rather it only promotes the reverse racism and devisiveness we are seeing here and will continue to see in the future.
Godless nation....hmmm...(sm)
Now that would be an improvement. This country was not founded on christianity or any other relgion. I agree that Obama was downplaying religion, but I also believe that that is exactly what he needed to do. Bush turned this whole mess into a big "us against them" mentality...."us" meaning christians. I believe Obama had to negate this idea by downplaying religion, thus deflating the whole notion that we are in a religious war (which is exactly what Bush wanted and subsequently turned it into.)
What I find really interesting is the idea that you insinuate that we MUST be identified as a nation by a specific religion. Since we are talking about this in the context of politics, exactly why is it you feel we MUST be seen by the world as a "god-fearing" nation? What would be the benefits of that?
If you are talking about the Obama Nation post...
it was written by a black pastor and it is his opinion. He was not hired by nor affiliated with the McCain campaign. There are several black preachers who do not agree with black liberation theology. There was nothing in his post about hatred. He said homosexuality was a sin..it is. He didn't say he hated gays...just that the Bible says the ACT is a sin..and it is. Just like lying, adultery, murder, etc. It does have the distinction of being the one sin that God classified as an "abomination." All the preacher was pointing out was that when Obama said there was nothing specific in the Bible regarding homosexuality...he was wrong. Again...there is no hatred in that post. He just doesn't agree with Obama's philosophy. Where you get hate from that I don't know....did you even read the post?
And by the way....sniping and cattiness must be your strong suit? You seem to excel in that area. Can you just drop the cattiness and sniping (as you asked that I do) and go figure, as you told me to do? Thank you so very much.
Our party's not the 1 who brought nation to its knees.
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haha - like half the nation is planning on doing!
;)
Don't you wish that me and half the nation which shares this view
x
American undeveloped nation by 2012
http://www.youtube.com/watch?v=TqW1-aA5aMg
WELFARE for the country as a nation, what a concept.....sm
a president with who is really fighting to find a way for the suffering folk, those that are down and out, or should we "just let them eat cake," Marie Antoinette? Now there's a leader who used her head, right to the chopping block, and it seems that the corporate raiders who raped this country into this mess were thinking the same thing, "Hey, I got mine!!"
Bush Breaks Nation's Promise to Veterans
This isn’t new (it’s from May), but it’s the first I saw it. I found it interesting but not surprising. Our Veterans deserve much better.
The source is: http://www.americanprogressaction.org/site/pp.aspx?c=klLWJcP7H&b=727693&printmode=1
VETERANS Bush Breaks Nation's Promise to Veterans
Appearing yesterday at the Arlington National Cemetery to honor generations of sacrifices by American servicemen and women, President Bush said, "At our national cemetery, we take comfort from knowing that the men and women who are serving freedom's cause understand their purpose and its price." Yet the reality has been that the administration that most recently has sent those men and women to fight for freedom's cause has failed for live up to government's age-old promise to "care for him who shall have borne the battle and for his widow, and his orphan."
BUSH'S 2006 VA BUDGET HITS VETERANS HARD: President Bush's 2006 budget proposal included legislation that would raise veterans' premiums more than 100 percent on prescription drugs and add an annual $250 enrollment fee for veterans who want care for conditions not directly caused by military service and who generally earn more than $25,000 a year. The administration has recommended these same proposals in each of the past few years, only to have them beaten back by Congress each time. The user fee would increase costs for nearly 2 million veterans nationwide.
WAR VETERANS EXCLUDED FROM COST OF WAR ON TERROR: Conservatives in Congress rebuffed an effort to include $2 billion in emergency money for veterans' health care in the recently passed $82 billion Iraq war supplemental. The president's request increased the VA budget a mere 2.7 percent (including the increased co-pays and enrollment fees), hardly sufficient to deal with an expected influx of Afghanistan and Iraq war veterans in the coming years. Nearly 28,000 soldiers who served in Iraq and were discharged have already sought care at a VA facility. Of the nearly 245,000 veterans of Iraq and Afghanistan already discharged from service, 12,422 have been in VA counseling centers for readjustment problems and symptoms associated with Post-Traumatic Stress Disorder. VA Secretary Jim Nicholson has said the budget circumstances are not "dire," yet Senate Veterans Affairs Committee Chairman Larry Craig (R-ID) was forced to increase the 2006 budget request by $1 billion. Dave Autry, a spokesman for the Disabled American Veterans, said, "Vets are owed a debt and the government has said they are eligible for health care. The government needs to pay for it. It's a continuing cost of our national defense."
BUSH WANTS TO SHUT DOWN VETERANS HOSPITAL IN HIS OWN BACKYARD: Veterans in Bush's backyard, near his ranch in Crawford, Texas, are protesting his administration's decision to close a VA hospital in their town. "It would be, in my opinion, a tragic mistake to shut down our hospital, especially during a time of war when tomorrow's veterans are in harm's way today," said U.S. Rep. Chet Edwards (D-Waco). In May 2004, then-VA Secretary Anthony Principi announced he would be closing three veterans hospitals nationwide and partially closing eight others. For his work, Principi was rewarded with an appointment to the chairmanship of the Base Realignment and Closure (BRAC) commission.
VETERANS GROUPS SLAM BUSH BUDGET: More than 300,000 veterans' claims are pending before the VA, according to the Sarasota Herald-Tribune, and the number of claims pending for more than six months rose from 47,000 in 2003 to 75,000 at the end of March 2005. The deteriorating condition of VA health care has elicited plenty of criticism. The American Legion called Bush's budget " the wrong message at the wrong time to the wrong constituency." The Vietnam Veterans of America said the budget did a "disservice to those of us who donned the uniform to defend the rights, principles, and freedoms that we hold dear." And the Veterans of Foreign Wars decried Bush's decision as "especially shameful during a time of war."
No problem, sugar. Vote him into office. I'm sure the nation will
I highly doubt this man will make any difference. He's certainly eloquent and able to hypnotize the masses with his line of BS though. If only words solved problems.
An earlier poster stated that about 76% of this nation is Christian
This, proportionately, means that 76% of what you see, read, watch, or are "bombarded with" is at least 76% done by Christians (feel free to make the Jew media comment, but they get their Commandments in the same place you do).
Therefore, it can be taken away that there are Christians who do not believe the same thing you do. Do you want to silence them, too?
If this nation is to survive, it is no longer US VERSUS THEM, we have to find a way to .....sm
stand united, and when our representatives are proposing or propositioning or supporing something that is NOT supported by the PEOPLE, their constituents, then we have to make calls, write letters, fax, vote, ect. I believe this two party system is doomed and that it is antiquated, there is such an ideological wall between the two parties that nothing will get done with all the finger pointing, blaming, etc. The American people are wise enough to know what is good for them, what works for them (and I mean a majority of us, not "chosen few" of Wall Street, lobbyists, oil interests, etc)., the representatives have to come back to the people. So sick of the blame game and insults, if we love this country and "the American way of life" we had all better band together, work together, LISTEN to each other's fears and needs, and concentrate on now and THE FUTURE, the long-haul. Just my humble opinion, this is all getting old and tired, and such a waste of time and energy. Instead of insulting on this board, perhaps we can spend time getting in touch with our representatives' offices, and perhaps getting a broader base of support for the Independent Party (isn't independce what we are all about?) IMHO
The Great Recession. American a thrift nation.
http://www.time.com/time/nation/article/0,8599,1891527,00.html?cnn=yes
Sometimes we change because we want to: lose weight, go vegan, find God, get sober. But sometimes we change because we have no choice, and since this violates our manifest destiny to do as we please, it may take a while before we notice that those are often the changes we need to make most. We ran a good long road test of the premise that more is better: we built houses that could hold all our stuff but were too big to heat; we bought cars that could ferry a soccer team but were too big to park; we thought we were embracing the simple life by squeezing in a yoga class between working and shopping and took an extra job to pay for it all.
Now we're stripping down and starting over. A platoon of TIME reporters and pollsters fanned out to every corner of the country to measure — anecdotally and empirically — what's changed in the way we set our priorities and spend our money since the Great Recession began. Most people think the pain will be lasting and the effects permanent: only 12% expect economic recovery to begin within six months, half believe it will be another year or two, and 14% believe we are at the start of a long-term decline. (See TIME's special report on how Americans have adjusted to the recession.)
Our institutions watch for economic vital signs. But maybe, for individuals, the sickness is what came before — the hallucination that debt would never need to be repaid, that values only rise, that bubbles never burst. When the markets collapsed, that fever broke. In our assumptions and attitudes and expectations, the recovery is already well under way.
Talk to people not just about how they feel but about how they're living now, and you hear more resolve than regret. Nearly half say their economic status declined this year, and 57% now think the American Dream is harder to achieve. And yet pain and promise are a package deal; even after all this, fully 56% believe that America's best days are ahead. It would be nice if it took something short of a heart attack to get us to work out, eat better and spend more time with our kids. But in the end, where we wind up matters more than how we got there.
Unlike any other downturn since the 1930s, this one has affected everyone, either the fact of it or the fear of it. Even when prosperity returns, 61% predict, they'll continue to spend less than they did before. Among people earning less than $50,000 a year — roughly half of U.S. households — 34% have not gone to the doctor because of the cost, 31% have been out of work at some point, and 13% have been hungry. At the same time, 4 in 10 people earning more than $100,000 say they are buying more store brands, 36% are using coupons more, and 39% have postponed or canceled a vacation to save money. Forty percent of people at all income levels say they feel anxious, 32% have trouble sleeping, and 20% are depressed. After a season of big news, of war and storms and swindlers, pirates and poison peanut butter, 43% are watching the news even more, taking the medicine even if it tastes bad because skipping it could be risky. (See the worst business deals of 2008.)
The calculus of life suddenly offers new equations. Insurance agents see clients raising their deductibles to lower premiums, or skipping collision coverage for older cars so that they bear more of the risks themselves. Twenty-seven percent have raided their retirement or college savings to pay the bills. Violent crime may not be up, but fear of it is: 40% of people say that since the downturn began, they are more worried about their personal safety. Gun sales at large retail stores have jumped 39% this year, according to the SportsOneSource, a research firm that tracks the sporting-goods industry, and shops are reporting ammunition shortages; they can't keep up with demand.
For all the reflexive analogies, this is not the 1930s, when Babe Ruth took a $10,000 salary cut (roughly what A-Rod earns per swing) and New York City Mayor Jimmy Walker told theaters to show only cheery films. And yet we're channeling our grandparents, who were taught, like a mantra, to use it up, wear it out, make it do, do without. Now, if you can make it, you don't have to buy it: just replace the lawn with a vegetable garden, eat your fill and then store whatever is left. Sales of canning and freezing supplies rose 15% during the first three months of the year compared with the same period last year. Cough- and cold-remedy sales are down 9% because you can make your own chicken soup; vitamin sales are up, maybe because you hope you won't need to. Common sense is back in style, meaning we're less willing to buy what we can have for free: bottled-water sales have dropped 10%. The 137-year-old Los Angeles public library system set record highs in circulation and visitors. And film and camera sales have plunged 33% this year, because who would want this winter in their album?
There's a natural longing to find the upside in the downturn. A college-admissions officer, watching families reassess their means and ends, suggests that maybe the insane competitiveness will recede. The yoga instructor says living more simply relaxes us, as if the entire country needs to slow its breathing. The buyer at the used-car lot feels both frugal and green: that hatchback isn't used, it's "pre-owned," and this counts as recycling. The discount shoppers view their task as a scavenger hunt and take a certain pride in finding the bargain, cutting the deal; 23% of us are haggling more, a profitable contact sport.
No one wishes for hardship. But as we pick through the economic rubble, we may find that our riches have buried our treasures. Money does not buy happiness; Scripture asserts this, research confirms it. Once you reach the median level of income, roughly $50,000 a year, wealth and contentment go their separate ways, and studies find that a millionaire is no more likely to be happy than someone earning one-twentieth as much. Now a third of people polled say they are spending more time with family and friends, and nearly four times as many people say their relations with their kids have gotten better during this crisis than say they have gotten worse.
A consumer culture invites us to want more than we can ever have; a culture of thrift invites us to be grateful for whatever we can get. So we pass the time by tending our gardens and patching our safety nets and debating whether, years from now, this season will be remembered for what we lost, or all that we found.
Afer 8 years of W, nation deserves good chuckle.
the dems know how to throw a helluva party. You're invited, so come on down.
You lefties are so naive. Obama has plans for worse for our nation.
Oh, you mean as opposed to bigger tax cuts for the upper 1/3 of the nation? Really, still waiting f
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Counterinsurgents thrust nation into full blown depression.
How is that possible? Looks like we still have quite a ways to go before we hit the Rovian rock bottom.
One nation, under Stalin....right....you keep pushing that unity thing and we'll be completely
Keep trying to convince yourself.
It's Putin, and Chavez, and Castro that are so proud of us now.
That is, when they're not laughing at us behind our backs.
You are so naive.
Nation has lost 4.4 million jobs since recession began in Dec. 2007
Unemployment rate soars to 8.1 percent Employers resort to even bigger layoffs as they scramble to survive BREAKING NEWS The Associated Press updated 8:02 a.m. CT, Fri., March. 6, 2009
WASHINGTON - The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.
Both figures were worse than analysts expected and the Labor Department's report shows America's workers being clobbered by a relentless wave of layoffs.
The net loss of jobs in February came after even deeper payroll reductions in the prior two months, according to revised figures. The economy lost 681,000 jobs in December and another 655,000 in January.
Since the recession began in December 2007, the economy has lost 4.4 million jobs, more than half of which occurred in the past four months.
Employers are shrinking their work forces at alarming clip and are turning to other ways to slash costs — including trimming workers' hours, freezing wages or cutting pay — because the recession has eaten into their sales and profits. Customers at home and abroad are cutting back as other countries cope with their own economic problems.
With employers showing no appetite to hire, the unemployment jumped to 8.1 percent from 7.6 percent in January. That was the highest since December 1983, when the jobless rate was 8.3 percent.
All told, the number of unemployed people climbed to 12.5 million. In addition, the number of people forced to work part time for "economic reasons" rose by a sharp 787,000 to 8.6 million. That's people who would like to work full time but whose hours were cut back or were unable to find full-time work.
Meanwhile, the average work week in February stayed at 33.3 hours, matching the record low set in December.
Job losses were widespread in February.
Construction companies eliminated 104,000 jobs. Factories axed 168,000. Retailers cut nearly 40,000. Professional and business services got rid of 180,000, with 78,000 jobs lost at temporary-help agencies. Financial companies reduced payrolls by 44,000. Leisure and hospitality firms chopped 33,000 positions.
The few areas spared: education and health services, as well as government, which boosted employment last month.
A new wave of layoffs hit this week.
General Dynamics Corp. said Thursday it will lay off 1,200 workers due partly to plummeting sales of business and personal jets that forced it to cut production. Defense contractor Northrop Grumman Corp., and Tyco Electronics Ltd., which makes electronic components, undersea telecommunications systems and wireless equipment, also are trimming payrolls.
"This is basically cleaning house for a lot of firms," said John Silvia, chief economist at Wachovia. "They are using the first quarter to cut back employment and figure out what they want."
Disappearing jobs and evaporating wealth from tanking home values, 401(k)s and other investments have forced consumers to retrench, driving companies to lay off workers. It's a vicious cycle in which all the economy's negative problems feed on each other, worsening the downward spiral.
"The economy is in a tailspin. Businesses are jettisoning jobs at an unprecedented pace," said Richard Yamarone, economist at Argus Research.
The country is getting bloodied by fallout from the housing, credit and financial crises_ the worst since the 1930s. And there's no easy fix for a quick turnaround, economists said.
President Barack Obama is counting on a multipronged assault to lift the country out of recession: a $787 billion stimulus package of increased federal spending and tax cuts; a revamped, multibillion-dollar bailout program for the nation's troubled banks; and a $75 billion effort to stem home foreclosures.
Even in the best-case scenario that the relief efforts work and the recession ends later in 2009, the unemployment rate is expected to keep climbing, hitting 9 percent or higher this year. In fact, the Federal Reserve thinks the unemployment rate will stay elevated into 2011. Economists say the job market may not get back to normal — meaning a 5 percent unemployment rate — until 2013.
Businesses won't be inclined to ramp up hiring until they are sure any economic recovery has staying power.
The economy contracted at a staggering 6.2 percent in the final three months of 2008, the worst showing in a quarter-century, and it will probably continue to shrink during the first six months of this year.
Fed Chairman Ben Bernanke told Congress earlier this week that recent economic barometers "show little sign of improvement" and suggest that "labor market conditions may have worsened further in recent weeks."
Consumers’ growing frugality has hammered automakers, among other industries. General Motors Corp.'s auditors on Thursday raised "substantial doubt" about the auto giant’s ability to continue operations, and the company said it might have to seek bankruptcy protection, sending its shares below $2.
Bill Hampel, chief economist for the Credit Union National Association, said his group’s members are reporting record increases in deposits. Government figures show the savings rate jumped to 5 percent in January from zero last spring. That’s the highest rate since 1995 and a much faster shift than he had expected, Hampel said.
Consumer spending makes up about 70 percent of the economy. It topped out at 71 percent in 2005, Hampel said, but will likely drop by 2 to 3 percentage points over the next few years.
Increased savings can actually lower economic growth. Economists call it the “paradox of thrift”: What’s good for each of us individually — being thrifty, limiting our spending — can worsen a recession when everyone does it all at once.
Hoffman said about half the 6.2 percent drop in economic output last quarter was attributable to lower consumer spending.
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