Would This be Filed Under “Hope” or “Change”?
Tags: Obama Depression.
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Or under “jobs saved” or “jobs created”:
Layoffs are a fact of life in this economy, but there are humane ways to do it. Then there’s the Arrow Trucking method.
The Tulsa, Okla., trucking company stopped payment on the gas cards of its drivers, leaving some of them stranded Tuesday around the United States, miles from home. No explanation on the website. No one at the company answering phones.
The 200 or so employees at Arrow Trucking’s headquarters were told to pack up their belongings and go home Tuesday morning, according to the Tulsa World.
The only acknowledgement was a brief recorded message on the company’s main phone number, asking drivers of its Freightliner and Kenworth trucks to turn their rigs in to the nearest dealer and to call a special hotline to arrange for a bus ticket home. Drivers of the company’s Navistar trucks were told to call back for more information.
But don’t worry, boys and girls, Barry, Timmy and the boys are telling us the economy is getting better…
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35 Responses to “Would This be Filed Under “Hope” or “Change”?”
Caucus of Corruption
Mark,
The trucking industry is fragile and operates on such small gross margins (as low as 5% in many cases)that even factoring companies won’t partner with them any longer. This industy has long needed a thinning of the herd and as in our industry (automotive) the cream will rise to the top. Unfortunately, it may take a decade for that to happen.
navydad,
To be sure – but this was cold blooded.
After cruising through most of this downturn without a noticeable drop-off in business, it’s finally caught up with me. My total business was off over 65% in the current quarter compared to the first 9 months of 2009. I’m almost ready for retirement, so, in the overall scheme of things, it’s not a big deal, but it also means that my sales taxes submitted to the state also dropped by over 65% in this quarter. Multiply that times thousands of small businesses in the state, and, well……..you get the picture. The checks I write to Uncle Sam and the state of Indiana on April 15th are also going to be a LOT SMALLER, if I even have to write them at all.
Spook,
Out here in Nevada, naturally, they underestimated expenses by about $50 million and overestimated revenues by about another $50 million (seems like small sums for government, but for Nevada millions are still real money – and $100 million is a major hole in the budget)…so, the governor (a RINO-ish philanderer we’re working on replacing) is calling in a special session of the legislature…and we’re just waiting for those idiots to pass even more taxes on us…
The payroll taxes received by the federal government are HUGE, and obviously those receipts have become increasingly smaller. At the risk of penalties and fines, wouldn’t it be fun for the many small business’s to withhold the submission of those taxes to show the Feds just exactly who answers to who?
If I drove for Arrow I would leave the following message: “Your rig is in the mail.”
Spook,
Did you see this?
http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story
cluster,
But Barry says its all better, now.
Mark,
It is cold-hearted, no question about it. Are you blaming that cold-heartedness on Obama? If so, isn’t that kinda silly?
Also the economy “getting better” doesn’t mean that all job losses will cease. It means that fewer jobs are being lost.
Wouldn’t it be nice if there was one magic bullet that fixed everything and stopped all layoffs? Of course if such a thing did exist and the Democrats tried to implement it, the GOP would just block it and bitch about it.
Wouldn’t it be nice if there was one magic bullet that fixed everything and stopped all layoffs? – joe
Joey sweetie, that’s what your boyfriend said the $800 billion dollar stimulus would do, remember? Unemployment would not top 8%, and millions of jobs would be created and saved. We’re not blaming Obama, we’re just pointing out the obvious and trying to wake up people like you.
cluster “sweetie”,
Economists: Stimulus package helped
So again, I’m sorry the stimulus didn’t stop everything bad in the economy and make everyone rich. But it did help and stop a deeper more serious recession. Of course that is according to “Economists” that you will just pooh-pooh as “no-nothing liberals”. You are obviously smarter than they are.
RE: But it did help and stop a deeper more serious recession.
How did the stimulus “stop” the recession when they asked for the money back?
jerry, nobody said it stopped the recession. it stopped (aka prevented) a “deeper recession”.
Go on… you know you want to call those Economists just liberal propagandists.
RE: jerry, nobody said it stopped the recession. it stopped (aka prevented) a “deeper recession”.
How so? If they can’t pay the first one off, how will they pay this next stimulus off?
We’re going for worse than recession, we’re headed into the mother of all Depressions.
Jerry, you are making no sense.
The “first one” was used to stimulate the economy, hence it is called a “stimulus”. The goal was to prevent a deep recession and to get the economy moving in the right direction. That wasn’t going to happen overnight. With nobody spending any money, the Govt had to step in to stimulate.
This “next stimulus” that you speak of isn’t even on the debate schedule at this point. People have mentioned it could be needed, but that isn’t even on the horizon. When it is, then you can yell and scream that you think the sky is falling.
“heading into the mother of all depressions”??? Really? How so?
Perhaps you should stick to predicting when Jesus will reappear and damn all liberals to hell.
Joe,
With the 3rd Quarter GDP numbers now revised downwards for a second time, you’ve got a lot of guts putting out anything indicating the stimulus worked. Strip out bogus things like the “cash for clunkers” boondoggle and we’d probably find that the economy is still contracting.
Be that as it may, you can always find a group of people to say just about anything – and without being able to really see the alleged consensus, we’re not even able to judge where the story is coming from. There are a lot of US economists – how many of them think the stimulus helped? Of those, how many of them figure “help” means “didn’t hurt too bad”? Ya dig?
The bottom line is that small businesses are going bankrupt, transportation companies are on the brink, construction is collapsing, manufacturing is in the tank, lending is constricted, unemployment continues to rise (yes, I know the rate went down but that was due to lower workforce participation, not people getting jobs). Its really, really bad out there and whatever the stimulus did is all over with, now – except, of course, the additional debt to add to our already overburdened economy.
RE: Jerry, you are making no sense.
Sense???
Buddy, the only thing it stimulated was the post offices, atheist public schools, and government jobs. Where are the taxpayers included in this so called “stimulus”?
And you talk about making sense?
It sounds to me like you need to go back to the DailyKos where the talking points are, and tell them that someone there got their information wrong.
jer
Perhaps you should stick to predicting when Jesus will reappear and damn all liberals to hell.
Ya see these commie haters cant even have a discussion without going right to Christianity bashing.
hey joBO stick to the back seats of limos with larry sinclair and the drug head obummer, typical obamanazi kneepader.
Mark
it is not unusual for companies who are in financial trouble to keep it from their employees.
But for a company to shut down abruptly as they did and strand employees, it is because the IRS padlocked their offices, froze and seized their assets.
Essentially shutting the entire operation down on the spot!
RE: it is not unusual for companies who are in financial trouble to keep it from their employees.
Yep, that’s right. Some even start companies just to make a quick bundle, and when the resources are all used up they take the proceeds and fly out of town to some exotic beach, while their exployees are left looking for their next meal to feed the family.
Turn that around now, instead of having employees in Washington, we have people who think they are “bosses”. A stiff neck, hypocritical approach to governing, indeed.
jeremiah,
or they do like the FAA and fly everyone to Atlanta and have a slut & drunken party.
sick isn’t it? this is the government we have and how does any born American think this Administration can run anything?
oh well… leave it to Reid & Pelosi..
joeboston,
If losing jobs more slowly is recovery, then so is losing blood cells from an open wound at a diminished rate, or slowing the advancement of Alzheimer’s. In my mind, this is not recovery, but abatement. Because even if you slow the loss of blood, you will eventually bleed dry. Even if you slow Alzheimer’s, eventually it will still kill you. If you only kill 90% of cancer cells, you will still have cancer. If we accept abatement as recovery, then I do not want that kind of recovery.
I’m looking at a chart here that depicts the decade of the Oughties, the decade that Ought to have done something. It starts in 2000, ends in 2009 and is adjusted for inflation, naturally. The subject is the performance of the NASDAQ.
The chart begins with an alarming decline – this is the aftermath of the dot-com bust. The damage is striking: There are minor rallies, but no real improvement until FY 2003. If you want to blame the government for the dot-bomb, blame everyone in office during the Clinton years for being asleep at the wheel. If you want to blame Wall Street, blame the ridiculous speculators who bet our economy on the success of Pets.com.
The real rally begins in FY 2003 and continues through to FY 2008, but even at the highest point of the rally the NASDAQ regains only 50% of its pre-dot-bomb value. We now know that this rally was fueled by questionable mortgage loans and derivatives, because another severe dive begins in FY 2008 and continues to hiccup into oblivion. I’m sure it’s no coincidence that the bottom of this second dive is located at nearly the same trench level as the bottom of the dot-com crash. If you’re concerned that America will mimic Japan and wander in economic doldrums for years, well, here’s ten years where it has already happened.
If you want to blame the government, blame everyone in office during the Bush years for being asleep at the wheel. If you want to blame Wall Street, blame the ridiculous speculators who bet our economy on the success of Ninja Loans and arcane mathematics.
Of course, blaming the government assumes that the government is in a position to punish Wall Street and enforce some sort of law. Here’s former President Bush explaining how the government would punish Wall Street: “Under our proposal, the federal government would put up to $700 billion taxpayer dollars on the line to purchase troubled assets that are clogging the financial system.” We all know that Obama doubled down on this punishment not long afterwards, proving that these Presidents were two of a kind.
You can say (over and over again) that the government forced the banks to make home loans available to No Income, No Job, No Asset applicants. But did the government force the banks to make those same loans to corpses? Did the government force those banks to shell game those loans so heavily that no one is really sure who owns what property anymore? Look at the numbers and look at the results: Wall Street can’t manage its own funds, Wall Street does whatever it pleases and Wall Street is no friend to taxpayers and businesspeople. Remember: “Laissez Faire” is a French term for Economic Liberalism.
The honorable President Reagan once said, “In this present crisis, government is not the solution to our problem; government is the problem.”
But if you go with lunaticatlarge, it goes like this, “In this present crisis, government is not our problem, government is our solution.”
I think I’ll go with Reagan. He knew best then, and his philosophy for freedom will live on.
observer20,
I don’t think we have seen the worst of this yet. Then again, it’s not as bad at this point that I expected. I was expecting 25% unemployment and an economy that wouldn’t recover for decades, and while that might still happen, I’m optimistic that things will start to turn around in the next year.
casper,
I cannot predict the outcome of this economy or this policy. It may very well be the impetus for a true recovery, even if the very fiber of my being disagrees with its potential for corruption and dependence while saddling the country with previously unimaginable levels of debt.
On the other hand, what I fear may be the case is that this has done very little to address the fundamental problems our economy faces, and is no more a deterrent from that disaster than placing a pebble in front of a wagon gliding down a slope before careening off a cliff. There is only so long a people or country can experience non-growth or stagnation before an extreme weakness presents itself, particularly in very large and influential economies such as ours.
Actually, Jeremiah, if you go with me, it goes like this: Don’t do business with businesses that trade on the stock exchange. Don’t invest in stocks.
If you go with Jeremiah, it goes like this: Give more money to the thieves and bureaucrats on Wall Street before they take away our precious economy. Also, dead Presidents are Best.
In actuality, I still go with Reagan, don’t do business with the crooks, thieves, and enslavers in Congress. Don’t put them in office. Vote ‘em out.
While in Lunatic’s case, it is, “let’s do business with communist sympathizers, and ram it down the Americans throats good. And rob their future generations. Murder their unborn. Let’s destroy America”
lunaticatbest
you run around with your hair on fire yelling its the thieves on wall street.
This all began with jimmah carter, klinton and barney fa..er frank and the housing loan scam of the donkrats to force the banks to give trillions in loans to those who could not qualify or re pay them.
The house of cards crashed lunitic thanks to your donk..commie heroes…live with it.
Can you say liars?
http://www.youtube.com/watch?v=_MGT_cSi7Rs
can you say thieves?
http://www.youtube.com/watch?v=t3Ij9eEJ0NU
can you say stupid?
http://www.youtube.com/watch?v=hxMInSfanqg
Can you say COMMIE DONKRATS fault?
YES YES YES…..!
Neocon1, Yes I Can! On all four counts.
joe once again shows what a mindless, useful idiot lemming he really is. He will swallow the talking points hook, line and sinker without question, argument or protest.
It will really be a sad day when the moochers of this country become a majority and continue to vote themselves the largess of production by electing more looters to tax the producers and diverting that cash into their hands.
joe, obamateur promised several benefits of the stimulus package – none of which came to fruition. The talking points of “lessening the recession” and “saving jobs” were the result of damage control. But, like a good little lemming you just keep mindlessly regurgitating the talking points. The point of the thread is that more jobs are being lost after the passage of this bill and obamateur is doing nothing but spending more on ideological BS.
Truly sad and pathetic.