Honestly, liberals, just how is that whole hopey-changey thing working out for you? Because it is working out just lousy for us. From Bloomberg:
Cisco Systems Inc. (CSCO), the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, according to two people familiar with the plans.
The cuts include as many as 7,000 jobs that would be eliminated by the end of August, said the people, who asked not to be identified because the plans aren’t final. Cisco, based in San Jose, California, is also providing early-retirement packages to about 3,000 workers who took buyouts, the people said…
If printing up bags of money and borrowing like mad worked, then Cisco would not be firing people. Period. End of story. Sit down and shut up, liberals.
Don’t get me wrong here – Cisco is being amazingly asinine; the talent exists in those they are about to fire to build Cisco out of the hole. But that is not how things work in our Big Government/ Big Corporation world…Big Corporation fires people because it allows one more quarter of profits, Big Government puts them on welfare because it allows one more electoral victory for the Ruling Class. No one ever thinks that the fundamental problem is the Bigs – and that if we treated them all to a round of tar and feathers, lots of things would work out better.
But, still, liberals – this is your mess. Your man Obama said that his policies would prevent exactly this: layoffs. All that “free” money and all that borrowed money…it was supposed to get things working. It hasn’t. It never will. You’ve failed.
Blogs For Victory 
No doubt Cisco is outsourcing all those 7,000 jobs to India, China, or Malayasia where they can get away paying the labor $0.10/hour piecework and dumping mercury and lead into the rivers.
That’s what are oh-so-wonderful Big Corporate Overlords do. They don’t give a damn about our country, our politics, or who is president at any given time, only PROFITS. Massive profits at that.
Dig a little deeper. Really.
Are those the same corporate overlords that employ Americans, including many union members, paying for their benefits, health care plans, vacation time, sick leave, maternity leave, etc, all the while creating innovative products that advance our society and sell to many consumers, of which they pay the highest corporate tax rate in the world on and have to adhere to OSHA, EPA, DoL, and other regulatory agency guidelines? Those corporate overlords?
How many innovative products has the government produced?
Cluster,
You have to be a moron if you think that government funding didn’t directly contribute to many innovations we have today. Without it, no corporation would do this stuff because there is no profit in it.
get past the talking points drone.
tommy, is there supposed to be an idea anywhere in your post?
Nah—consider the source. It is just another chance for you to strut your toxicity and wallow in your bigotry.
Are you ever going to be willing, or able, to tell us what you believe is the best political structure for this nation, to define it and defend it?
Or are you pretty much Stuck on Surly, meeting all your emotional needs merely by hurling insults at those who DO have a coherent political philosophy?
And….just curious…what is the SOURCE of that “government funding” you find so necessary? Where did that “funding” come from? Do you have even the most elemental grasp of economics? Do you really think that “government funding” just somehow magically appears in government coffers to be handed out?
Amy the drone,
you should be lecturing me about how basic economy works. Yes! I need advice from a so called millionaire farmer who shares fences with people in Forbes.
The fact of the matter is that government funding, which comes from our tax dollars have paid for many innovations. Where do you think corporate profits come from amy? you think corporations just wake up one day with a pot of cash and decide to spend it?
Seriously, you’re the ultimate tool and talking points disaster. Please do us all a favor and keep your posts to less than 200 words. I don’t like to read mindless drivel.
What a sad and pathetic fantasy life you lead, “neocon”.
While others may fantasize about women, or adventure (“pocketa pocketa”) all you can invent is a claim that I have identified myself as a millionaire farmer. Wow, it really DOES suck to be you!
I never said it, doof.
And you can fret all you like about my neighborhood, but others on the blog know the names of my neighbors and the truth of their wealth and power.
Why does this bother you? They are just people who appreciate my part of the world as much as I do, and have chosen to buy land here. What they do and do not do, what they have or do not have, is nothing to you. Or to me. I don’t judge people by superficialities, such as income or job title. To me “millionaire” is no more a character issue than “tall”. It is nothing more than a descriptive word. I mentioned the fact of financial status only in response to strange and bizarre claims that tried to belittle me, my geographic location, my occupation and my supposed financial status as inferior, pointing out that plenty of very successful people share my love for this place and this job.
It is such an odd little quick of the Left and its servant class, the Pseudo Left, to arbitrarily assign such importance to things like occupation, zip code, etc. Perhaps if you and your fellow travelers could spend a little more time researching and understanding the two main opposing political models in this country and making objective decisions about which you think is the best format for governing the nation, you could spend less time obsessing about trivialities and inventing silly little lies to fuss about.
But thanks for illustrating, yet again, the total superficiality of your opinions on pretty much everything. I’ll say this about what seems to float your boat: If it ain’t a lie, it’s at least irrelevant.
Amazona,your incessant ranting and lack of contribution is getting a little tiresome.
not to mention, your posts are so long that I generally skip over them because they don’t contribute to the conversation.
Nobody said anything about profits being bad and government being good. It’s time you post with some substance.
I changed my ways. Join me.
TROLL ALERT
There was a good piece about NASA and how government funding of NASA throughout the years laid the foundation for many innovations we have today.Also, military research leads to many innovations.
The government can be large, and it is now, but that doesn’t mean it can’t innovate.
TROLL ALERT!!
What a lovely little anti-capitalist screed, right out of the Little Red Book.
Bad bad profits. Good good government. Make profits go away, put government in charge.
Just look at the ecological paradises created when government is absolute. Let us stand back and admire the preservation of nature, the protection of the rivers and restrictions on toxic dumping, in the glorious and much-mourned heyday of Leftist domination in, for example, the USSR and East Germany.
Yes, to the clueless little Lefty foot soldier goosestepping along to the incessant drumbeat of anti-capitalist collectivism, everything bad comes back to the simplistic fantasy of GreedGreedGreed.
It is so interesting to see this surfacing as the Left, newly energized by its acceptance in the highest levels of U.S. government, is becoming more and more blatant in its attacks on capitalism.
Also, love the claim of being “displaced”, and the photo. Nice effort to set up the illusion of a professional woman whose job has been lost. Awwwwww.
What job? If it was in the private sector, then this would be an admission of the need to HAVE a private sector. If it is in government, then no problem—government is the only job sector to grow under Obamunism.
And isn’t it good for the world in general to move those jobs to socialst havens where the glorious State can control them? Why the whining about this from the Left? Something like this has to be good for the RRL. It weakens the US economy, thereby making it more vulnerable to Leftist influence. It it proof of damage done to the hated enemy of capitalism/corporatism, definitely something for the Left to celebrate. And, according to this shrill screed, it puts those jobs in nations which are already socialist or leaning in that direction, where, under the glorious Leftist system, every defect of capitalism can and will be corrected.
Yes, we already know that you Lefties just can’t handle very many words, much less ideas.
Get off the narrow path of mindless insults, and you guys are just lost in the weeds.
But that’s OK. You just keep playing your childish games, wallowing in your mindless hatreds, flailing away at your imagined enemies, and in general offering brilliant examples of the superficial nature of support for the Left in this country.
If we were to describe you and your fellow travelers, if we were to explain the utter lack of actual political content of your allegedly political comments, it would be far less compelling than being able to use your own words to illustrate your ignorance and your toxicity.
Tell you what, Mr. Bogus, come back when you actually have an IDEA to discuss. Start with why you are a Lefty. Can you do that? Can you explain what it is about Leftist political philosophy that makes you believe it is the best way to govern this nation?
looks like vandreggs has changed her identity. Too bad she cannot disguise her writing – same old BS talking points.
yeah the troll signed on with my screen name…..LOL
Ama spotted it in the first sentence……
what can the mods do to prevent this?
missdisplaced,
Indeed – dig very deep and realize that Big Government and Big Corporation (both of which also include Big Union) are two sides of the same coin. The bottom line is that human beings are not built for gigantic organizations – they just don’t work. Power has to be held as low down the ladder as possible in order for a rational society to exist. In Catholicism, we call it “subsidiarity” – and, in fact, all of the government and economic problems we have today were predicted and explained 100 or more years ago both in Papal encyclicals as well as in secular writings by people who hadn’t lost touch with the basic truths of Judeo-Christian civilization. This isn’t rocket science – it is just common sense.
Put not your faith in princes – whether they call themselves a CEO or a department Secretary. They don’t know what to do – they can’t know; it isn’t possible in a lifetime of study for any one person to figure out what everyone needs for business, for education, for health care, for food…heck, even for what sort of doggy treats to buy Fido. Only people as individuals and, at most, in the small groups (what Burke called the “little platoons”) can figure out what needs to be done – not for everyone, but for themselves. Look to yourself; your church, your friends, your family, your local neighbors…in yourself and in them will come the solutions not to the problems of the world, but to your own problems and the problems of those immediately around you.
mislabled
what is the JOB of the CEO?
who HIRES the CEO’s?
Who PAYS the CEO’s?
do you own stock?
do you have a 401K plan?
do you have a retirement plan?
do you have a union pension fund?
tell us that you buy shity stock that produces nothing in return on your investment so you can loose every thing you “invested”
It is called business 101 try it sometime stooge.
missdisplaced (July 12, 2011 at 9:44 am) stated among other things “No doubt Cisco is outsourcing all those 7,000 jobs to India, China, or Malaysia where they can get away paying the labor $0.10/hour piecework and dumping mercury and lead into the rivers.” Maybe she should possibly dig a little deeper to have a basic understanding of how a global company operates. On this issue I am a little more than interested as I am the one with the Sword of Damocles bounded above me at the moment.
First, it is almost as expensive and in many cases more expensive to run Data Centers in India and the entry level programmers make approximately 2/3 rds of their US counterparts—not $0.10 /hour (extreme to make a point?) which was very similar to H1-B visa sponsorship of a few years ago. Entry level managers are almost even with their US counterparts as well. Add in the cost of the government corruption which is greater than ours (hard to believe) and the cost is not a great savings except in after dollar amounts.
Cisco Systems is trying to bring back $40B in overseas profits without being taxed into oblivion by the US laws and in partner with several other firms, like Microsoft, Google, etc., in asking for another US tax holiday (like 4 years ago) so the money can be repatriated at the corporate rate of 35% in lieu of the double taxation required now. Sure, Cisco like many others uses third countries to avoid taxation but that is the goal of a company which has shareholders (of which I am one).
There is no production in either India or Malaysia so no run-off, etc. Now, I am sure that if the government does not make it easier for Cisco to bring back hard currency then the total who will lose jobs in the States will climb from 7,000 to well over 10,000—but I for one is well trained, well educated, and one not afraid of hard work so I have no worries if I am one of the chosen. Not that I want to be but have no fears about evil big business and their evil ways unlike GE which must be the nicest corporate giant in the world. At least Cisco paid some US Federal taxes.
“but I for one is well trained, well educated,” dbschmidt
really?
its not about america…its about socialism and the one world government…you can tell whats in his head just by looking at the words that come out of his mouth;
“In fact, I am able to keep hundreds of thousands of dollars in additional income that I don’t need, while, uh, a parent out there who is struggling to figure out how to send their kid to college suddenly finds, uh, that they’ve got a couple thousand dollars less in grants or student loans. That’s what the revenue debate is about” (BHO-7-11-11)
I have to ask that you stop babbling about socialism and this one world government.I did some research and it’s simply not true. Cisco is taking these jobs to India. Nothing to do with any President, simply a byproduct of unbridaled capitalism .
TROLL ALERT
Sorry—-I just looked into it and discovered that I was completely wrong, and that Cisco is just cutting jobs because of the terrible economy under Obamunism.
It looks like I might have to start finding out the truth before posting lies.
Sorry—-I just looked into it and discovered that I was completely wrong, and that Cisco is just cutting jobs because of the terrible economy under Obamunism.It looks like I might have to start finding out the truth before posting lies.
TROLL ALERT
Never mind, It wasn’t Obambi, It was the damn Indians who are taking our jobs.TROLL ALERT
I love how liberals champion the military when convenient, and then label them as “cold blooded killers” when pursuing another agenda. They’re so transparent.
Let’s be honest (thomas loves to use this angle), while funded by tax payer money, the military is not government run. The military is ran by highly trained, highly educated, and highly disciplined generals, and their JV’s with the private sector, including Honeywell and JPL, make every innovation hardly government driven.
And who ever the liberal is who has hi jacked neocon1’s handle, I just want you to know that that is the height of immaturity.
that is all they can do is to disrupt.
They cannot think outside their mindless dumbed down talking points.
dreggs (now missdisplaced), tommy-boy (lebowitz) and monty (jeffy) are proof of that.
tired
now the trolls are singing on with our handles…pathetic cowards.
I changed my ways. Join me.
People with principles don’t change their ways. People with agendas do.
cluster
People with principles don’t change their ways. People with agendas do.
and trolls signed on with others name
The economy is in trouble not because of a president but because there are no quality jobs in America right now because we keep outsourcing the manufacturing jobs to china and people are pressing for low low prices. One of the businesses I own works with big box store and they want us to go over sees instead of doing it in America. We are fighting tooth and nail to stop it because that means 10 american jobs will be lost to China which the box store doesn’t give a dam about. What companies are producing quality jobs right now? I have been hiring like crazy but I have been hiring skilled jobs. That is macro problem in America right now. I hope solar panels take off or some technology because something has to produce big jobs but it is unlikely. At least the apple stores are hiring for 15 dollars an hour which is great and some other places but the low end jobs are limited. Amazon is making warehouses which is good but nothing that is a boom. Web stores do not take that many people to run and should be national taxed. The problem is not the president but the jobs
goldjake,
The fundamental problem is that our tax and regulatory structure positively encourage outsourcing of jobs…just go look at all the hoops you’d have to go through to open up, say, a shoe factory in the United States. Everyone will be sticking their nose in and holding their hands out…and if you do manage to leap all the hurdles you’re still going to be stuck with a high corporate tax and ever increasing regulations even after you open your doors.
It is an absurdity to think that the Chinese – who are only a tenth as productive as Americans – can actually out-compete us. They don’t have a chance…unless we bind ourselves hand and foot, as we have done. Cut the taxes, drop the absurd environmental regulations, forbid local and State governments from viewing private enterprise as a cow to be milked…then we’ll start making, mining and growing things in the United States again.
Democrats had two years of controlling all three branches of government and did not raise taxes, but spent wildly. Now, they want to blame the GOP for not covering their ass.
These are the children we have to deal with in the current democrat party.
Republicans had years of controlling all three branches of government, they ran the country into a ditch, and now they are insisting that we need to double down on their failed policies. These are the children we have to deal with.
The economy went into the ditch because of the housing crisis, and if you were honest, you admit which party championed those policies. Then, Obama took a sputtering economy and turned into a depression.
Thanks for playing Monty
Wow. “…ran the country into a ditch..” Sooo clever. Sooooo original.
“Double down”……another original thought.
“…on their failed policies…” Speaking of “failed policies”, do you have any UNfailed Leftist economic policies you’d like to share with us? Explain? Defend? Some historical references would be nice.
Not, you understand, simple claims that Leftist policies in place are really working and the Right just won’t admit it. No, I mean REAL historical evidence.
Nah, I didn’t think so. Replace regurgitated old Lefty whines with real facts and ideas? Not jeffy/monty’s style.
Great childish response, Cluster. That’s exactly the sort of responsibility to expect from a right-winger: none. You too, Amazona, though I find your sputtering comical.
“ran the country into a ditch”, “double down on their failed policies”, and “children we have to deal with” – all dumbed down talking points designed for the ignorant masses and you predictably (by them) regurgitated them perfectly!
At least, you could have varied them but that would require independent thought – obAMATEUR and the Democrats have worn them out.
What will you regurgitate next? “We must eat our peas.”
Pathetic.
Monty (jeffy) continues his whine: “Great childish response, Cluster. That’s exactly the sort of responsibility to expect from a right-winger: none. You too, Amazona, though I find your sputtering comical.”
So when you point out, as you wrongfully claim “obvious talking points” are you too being childish? You should remain consistent, but then again, liberals and the drones can do what they want while other must do as they say.
The economy did go into the ditch because of Democrats meddling in the mortgage market to push their ideas of “fairness” in the mortgage and banking lending practices which massively over-inflated the housing market.
How is pointing out FACTS also a childish response?
When Monty (jeffy) gets bitch-slapped in a discussing he resorts to attacks since that is all he has left.
Really, really pathetic.
what is your solution to get us out of this mess if you were president? The bottom line is there is not enough innovation in America right now to support the working class. How would you produce jobs and i think cutting the government programs will eliminate jobs? It is obvious the economy is struggling. I would at least repeal Sarbanes-Oxle which i think is scarying people into not investing in the US and making too much money for accounting firms and than i would invest billions in solar panel companies or re-usable energy at least because investors i know think it will be a great technology that will have a boom. What would you do besides complain and make up crap
goldflake
BS
TRILLIONS of debt added in two years is insanity or treasom.
Mark, I have to disagree here. This has nothing to do with printing money. It has everything to do with the uncertainty pushed by donks and rino’s in DCTROLL ALERT!!!!!
what does the debt have to do with the job market old man? Is your son still living in the basement with you? The bottom line this economy is not supported by big businesses right now. If the republicans were honest they would get rid of the corporate loop holes for google, facebook and the oil companies but you guys are not honest you just like to complain and think the debt has something to do with the job market which is ridiculous. It is affecting the stock market little bit but where if the US could produce jobs we could get out of the mess
goldbloom
what does the debt have to do with the job market old man? Is your son still living in the basement with you?
start right in with the usual leftist hatred for the very young and those older.
Did you kill your babies in the womb ?
do you hate your parents for not killing you in the womb you Fn Loser?
basement???
THERE is NO BASEMENT in the Alamo Pee Wee!
you TARD.
why dont you donks get rid of the UNION loopholes,?
you obviously know NOTHING about business fat boy, you are just a loud mouth loser never was.
jake, is it possible for you to communicate without reverting to Leftist isms, like ageism? You start off sounding like you have legitimate questions and then you show your true nasty red colors by going off on silly, mindless, insults.
Can you actually describe one of those “loopholes” you Lefties love to whine about? Do you know what they are? What they mean? What they do?
Did anyone say cutting government programs will increase jobs? You really have to try to avoid these wild leaps from one point to another and then snapping to a conclusion that they are related.
Cutting government spending will reduce the debt. That alone is not enough, though it will help reduce the amount of GDP that goes to simple debt service on the borrowed money.
Forget about “big business”, as much as you Lefties love to obsess about it. The nation’s economy depends on SMALL BUSINESS, and that depends on a lot of things that are being restricted right now.
It depends on predictability, on being able to have some degree of confidence that success in a new business venture will mean being able to keep a sizable chunk of what is earned. It depends on knowing you will be rewarded for taking risks with your time, energy and money, and not punished for your success. It depends on reasonable regulations, not excessive or punitive regulations or regulations designed to pacify radical splinter groups instead of being necessary. It depends on an educated workforce. It depends on access to credit. It depends on an overall economic policy that is driven by the market and not by social engineering goals which so often defy common sense and logic.
And it depends on a populace smart enough to avoid the silly emotional traps that so many fall into. Do a little research. Find out how much of the American economy is dependent, both primarily and downstream, on that hated “oil industry”. What would be the benefits of eliminating what “loopholes” you seem to find so objectionable? And what would be the cost to the nation and the economy of eliminating each one?
Or is it just easier to quote the Lefty Talking Heads who, for some reason, suck you into a mindless surly resentment with vague references to “outsourcing” and “loopholes” and “Big Oil” and the other catchphrases that have been proved to be so successful with a certain mentality.
no i have a happy little kid. I guess we know what hits a nerve neonut. Fine get rid of the union loopholes, corporate loop holes whatever. You are too dumb to think critically you simplistic worthless little screwball. I at least gave suggestions on what should happen all you do is complain and copy and paste. Tell me how that is thinking critically. I said get rid of Sarbanes-Oxle . What is your solution. FIre the democrats they are evil. VEry intelligent. I am so impressed. national tax- there are still millions of jobs that need to be produced to get rid of debt. None of your ideas work and you are just bitter old man
golddabLOON
We Are Expected to Believe…
Jim Gammon
That Mr Obama isn’t out of ideas on how to fix the economy, although two years ago he said the raising taxes in a recession is “the last thing you want to do.”
That being out of work isn’t the same thing as being unemployed.
That since prosperity brings more tax income to the government, higher tax rates will help bring prosperity to the economy.
Mr. Obama knows what he is doing in running the American economy based upon no financial or business education and no experience other than being a community organizer.
Mr Bernanke’s total business experience is working summers at “South of the Border” while going to college.
That a lack of regulation didn’t cause the “Collateralized Debt Obligation”-led financial meltdown, but regulation can prevent it from recurring.
That the government printing more money is good for the economy, but you if print (counterfeit) money that it is bad for the economy.
That even though it was common knowledge for 30 years that when the baby boomers reached retirement age the Social Security system would be bankrupt, it is now solely George Bush’s fault.
That Social Security was insurance for over 50 years, but is now an entitlement.
That Obama didn’t lie when he spoke of an open, public discussion on all new laws, bills and legislation and yet did nothing of the kind. That his whole election campaign was not an orchestrated patchwork of false promises unparalleled in American political history.
That we are all just too stunningly stupid to understand the big world, and that’s why our media never points out that our elected representatives are told by their leaders that they had better ignore their own constituents’ opinions and vote with the party leaders.
That the stimulus worked.
That doing business with Halliburton and Blackwater was a bad thing under Bush but is a good thing under Obama.
That the Patriot Act was a bad thing under Bush but is a good thing under Obama.
That the government can’t make interest payments without a debt limit expansion by using existing revenue, simply not spending money elsewhere.
That if we raise taxes now that the government will suddenly learn how to spend it wisely.
That the rich, in a 35% Federal income tax bracket alone, don’t pay their fair share.
That corporate jets, which members of Congress so often seem to find themselves on, are not business expenses.
That every other country in the world except Japan has lower functional corporate income tax rate, but corporations still don’t pay enough in income taxes.
That people who are smart enough and hard working enough to become successful in business are the problem in the US economy and need to be punished.
That idealism is more important than fact.
That paying a “carbon tax” to a bureaucrat changes the CO2 that you release into the air from a pollutant to a beneficial thing.
http://www.americanthinker.com/blog/2011/07/we_are_expected_to_believe.html
bitter? LOL
did your daddy joe bite me tell you that goldbLOON?
your “business sense is on a 3rd grade level off the short bus.
deficits = high taxes
high taxes = businesses moving elsewhere.
unions = high wages low production
high wages low production = businesses moving elsewhere
48% looters paying NO federal taxes, sucking BILLIONS out of businesses through high taxes = businesses moving elsewhere.
Business 101 for you GdebLOON
coupled with the muslem marxist usurper shoving the Cloward–Piven strategy on us a bad deal for all Americans.
Where does this concept of people “needing” only some of their property come from?
“In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life’s prime want; after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly-only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs!”
-Karl Marx, Critique of the Gotha Program, 1875
I wonder who will be the arbiter of what property and wealth each of us “needs”? I would kindly invite Obama to begin with me. Please tell me which of my assets I “need”, and which of my assets I do not need, and thus should be forcibly confiscated by the Internal Revenue Service and redistributed to someone more worthy of them. And when you’re done doing that, please tell me again what a horrible, greedy fat-cat I am because I’m not hiring and am paralyzed with terror at the thought of taking on new debt to finance expansion.
And just as an aside, perhaps if Barry would cut royalty checks to Bill Ayers and Jon Favreau as payment for writing “his books,” the massive guilt he feels over that income would be assuaged without turning the United States of America into a Marxist-Communist
http://www.americanthinker.com/blog/2011/07/obamas_marxist_immersion_shows_in_presser.html
totalitarian state. Just a thought.
jake, you may have been a happy little kid, but you are sure a sour and surly adult. Though the quality of your writing, the simplistic nature of what you seem to think passes for thought, and your bigotry toward those older than you all contribute to the impression that if you ARE an adult, it is recent and only technically true.
No, you did NOT “give suggestions on what should happen”. You merely vomited up an incoherent list of platitudes and misinformation.
So you think we ought to “…get rid of Sarbanes-Oxle (sic)…” Really? By “get rid of you mean….what? Repeal?
Why? What part of it do you find objectionable. As you have never even bothered to find out what the name of the bill is it is probable that you also are ignorant of what it says. But let’s give you the benefit of the doubt, OK? Since you are so sure that declaring that “what we should do” is “get rid” of it.
Let’s start with the name. It is the Sarbanes-Oxley Act.
Now, what do you find objectionable in the Act? With what do you disagree?
Do you object to Section 302 ?
Why?
What do you dislike about demanding periodic financial reports that must include certifications that:
• The signing officers have reviewed the report
• The report does not contain any material untrue statements or material omission or be considered misleading
• The financial statements and related information fairly present the financial condition and the results in all material respects
• The signing officers are responsible for internal controls and have evaluated these internal controls within the previous ninety days and have reported on their findings
• A list of all deficiencies in the internal controls and information on any fraud that involves employees who are involved with internal activities
• Any significant changes in internal controls or related factors that could have a negative impact on the internal controls.
Maybe you object to the fact that according to the Act organizations may not attempt to avoid these requirements by reincorporating their activities or transferring their activities outside of the United States.
Yeah, all of this sounds like stuff we really ought to “get rid of”. Tell us why.
Or maybe you think we should “get rid of” Section 401. Evidently you do not agree that
financial statements published by issuers must be required to be accurate and presented in a manner that does not contain incorrect statements or admit to state material information.
Maybe your objection is with the requirement that these financial statements shall also include all material off-balance sheet liabilities, obligations or transactions. With the requirement that the Commission is required to study and report on the extent of off-balance transactions resulting transparent reporting. Or that the Commission is also required to determine whether generally accepted accounting principals or other regulations result in open and meaningful reporting by issuers.
Oh, I get it! You want to “get rid of” Section 802.
What a terrible idea to impose penalties of fines and/or up to 20 years imprisonment for altering, destroying, mutilating, concealing, falsifying records, documents or tangible objects with the intent to obstruct, impede or influence a legal investigation. This section also imposes penalties of fines and/or imprisonment up to 10 years on any accountant who knowingly and willfully violates the requirements of maintenance of all audit or review papers for a period of 5 years. I can see why anyone would want to “get rid” of these rules.
Please…..do explain why we should “get rid of” the Sarbanes-Oxley Act.
i try to make legimate points but neonut is too much fun to piss off i couldn’t help myself. Nobody takes him seriously anyway. Here are the loopholes that google, facebook and apple use.
http://www.theregister.co.uk/2010/10/22/google_double_irish_tax_loophole/
here are the tax loopholes the oil companies use
http://www.factcheck.org/2008/02/oil-and-gas-company-tax-breaks/
it is ridiculous but republicans do not take managing the budget seriously enough anyway so why do i bother. To piss off neocon. I wrote 4 examples of how i would produce jobs what do you really think the president can do to get the economy moving? The big differece is the job market there is not enough low paying jobs to support this economy and companies that sell low crap from china are ruining the economy and the business. I sell to box stores also and they are trying to get rid of american jobs. It is disgusting and it is biting the hand that feads them but what are you going to do? I think the economy is too complicated to just blame one party but whatever i am thug
here is an article on why sarbanes oxley should be repealed. The cost of it is too expensive and the only people making money are the accountants. I know a couple of businesses who refuse to go public because it cost too much .It hurts small and large businesses and i think it is making it harder to do business in the US. i want more jobs for the economy and not less. That is the only objection i have. It is not political i just think it cost too much money to go public which hurts the economy
http://blog.nj.com/njv_guest_blog/2009/02/sarbanesoxley_act_of_02_is_kil.html
goldebLOON
only ONE tiny microscopic piece of the puzzle.
Interesting article, and I agree with much of it. The thing is, nothing you write even hints that you understand most of it.
My post was not intended to quibble about the details of the Act but to point out the foolishness of a broad statement that we should “get rid of it” when you can’t even point to which parts of it you find objectionable.
My post was intended to point out that you did not really offer a solution to anything but, as I said, merely regurgitated something you heard, that appealed to you, that you didn’t even really understand.
And did so quite venomously, with great spite and malice.
The sweeping statement that we should just “get rid of” the Sarbanes-Oxley Act is just the flip side of the coin that created the Act in the first place.
I have often complained that Congress, when faced with a problem due to a defect in a law, merely slaps the band-aid of another law on top of it, and then preens that it has “fixed” the problem. Then the Law of Unintended Consequences rears ITS ugly head and instead of going back to the original problem, Congress just puts another layer of patchwork on top of the last effort.
Pretty soon we have a teetering, tottering, mishmash of confusing and often contradictory laws and regulations, when what we need is a Congress with the backbone and the intelligence to go into every one of these mutant laws and strip them down to the very basics and start over, writing one new law that is based on the lessons learned from the various failures along the way.
We need to stop writing omnibus laws of thousands of pages, and write separate laws of much greater simplicity, so when one component of a law fails it can be replaced with a newer and better version, instead of being enlarged, complicated, and muddled up even more.
Example: our tax code.
Just declaring that we need to “get rid” of a poorly understood Act is nothing more or less than the other side of the coin, that of discarding everything because part of it does not work well, without understanding what does not work, why it does not work, and how it can be made to work if some conflicting element in another part of the law is removed.
And we also need to recognize what failures are do to poor legislation and what are the result of even poorer enforcement. A good law, if not enforced, or selectively enforced, is much like no law at all.
Oops..”due to” poor enforcement. Damn those pesky homonyms!
here is an article on why sarbanes oxley should be repealed. The cost of it is too expensive and the only people making money are the accountants. I know a couple of businesses who refuse to go public because it cost too much .It hurts small and large businesses and i think it is making it harder to do business in the US. i want more jobs for the economy and not less. That is the only objection i have. It is not political i just think it cost too much money to go public which hurts the economy
http://blog.nj.com/njv_guest_blog/2009/02/sarbanesoxley_act_of_02_is_kil.html
here is one from next gingrich
Yeah, “let’s” invest BILLIONS in solar energy, jake!
Just who do you think ought to do this “investment”? The feds?
If these investors you claim to know actually have, you know, REAL MONEY to invest, there are plenty of solar companies out there happy to welcome them and their funds. But investing in private enterprise is not the job of the federal government.
Why is this so hard for you Lefties to understand? Or do you understand that the Constitution does not include investment in private enterprise as an enumerated duty of the federal government, and that it is therefore forbidden by the 10th Amendment, but just don’t LIKE that law so just want to ignore it?
You write like an 8th grader who only got promoted from 7th because of a reluctance to damage your self esteem by pointing out that your spelling is abysmal, your sentence structure pathetic, and your ability to put together a coherent thought is nonexistent. You come across as a snotty child who wants to participate in adult discourse and thinks the way to appear mature is to hurl snot-nuggets.
Wrong.
dont forget this
ha- i have a wonderful life with a happy family and a great job that employs many people and makes great money. I am not going to retort to name calling because that is pretty pathetic amazona. I guess menopause hasn;t been nice to you. I try to come here and state facts and give opinions instead of fear mongering but thomas is right- you are pathetic and don’t really want to discuss issues. I’ve been on many forums about technology, business, and politics and i have never seen such hatred and vile. I posted links and all i got was you write like an 8th grader. O well, i have a great job anyway so why do i care. I will be happy to discuss how to get the economy better or i can call you more names such as self righteous bitch. Your choice and your blog but you are pathetic
jake, you are a joke that keeps on being funny—if by “funny” you mean easy to laugh at if you don’t mind making fun of the handicapped.
Are you even close to being smart enough to see the stupidity of saying “I am not going to resort to name calling because that is pretty pathetic” and then trying for a sexist insult? Or two?
Your snippy little temper tantrum just proves that you lack the intelligence to read what I posted. No surprise there.
You bleat that I “don’t want to discuss issues” yet I offer to discuss several and you just tuck your tail between your legs and scoot off into insult-ville.
I offered facts on the Sarbanes-Oxley Act, and offered to discuss them, and you proved that you are not up to real, adult, discussions on facts or ideas. You CAN link to someone who is, but you avoid discussion of that link, too.
I mention the Constitution and that is obviously way over your head, too.
I am quite candid and specific about my political philosophy and why I think it is the best system for running the country, and all you can do is regurgitate some incoherent nonsense about “getting rid” of an Act you don’t understand and refuse to discuss.
You? Candid? Specific? Not so much. On the contrary, you either can’t or won’t explain YOUR idea of the best political blueprint for governing the United States. Why is that? Could it be ignorance of the nuts and bolts of the two primary opposing political models? Could it be laziness and unwillingness to move out of your comfort zone of name-calling and pseudo-male bitchiness? Could it be cowardice and the awareness that if you are honest about your radical Leftist feelings you will be cut down by those who are all too willing and able to prove, in great detail, what an utter failure Leftism is every time it is tried?
Yes, I can see why you would find thomas so appealing. You would have to gravitate toward someone like yourself, who depends on spite and malice because that is all he has to offer.
But put on your big boy pants, if you really want to “discuss the economy better” or actually discuss ANYTHING “better”. I am not going to hold my breath. And doing so would require more than just blurting out a platitude or two and hiding behind poorly understood links you also refuse to discuss, or behind tommy’s ample pantaloons.
please tell me how getting rid of oxley was so vile. Give me a break- just a weak excuse not to answer my question I sent you links on how much it cost- i know it cost about 4 million dollars a year and that is quite expensive. You are ridiculous- grow a backbone- i am here to discuss and not throw insults
while goldflake is stuck on stupid and thinks repealing one little law will bring the steel, boat building, oil industries etc charging back to America here is what others say..
Rubio: Every Aspect Of Life In America Is Worse Since Obama Took Over
“Every aspect of life in America today is worse than it was when [President Obama] took over. Unemployment higher. Interest rates. The only thing that has gone down in America over the last two years is the value of your home. This president has mismanaged this economy. He has been incompetent in his management of this economy,” Sen. Marco Rubio (R-FL) said
Let’s see—while jake is squealing that I refuse to “discuss” ideas, here is a short list of the ideas I have suggested for discussion which he has ducked, dodged, ignored, or tried to distract from by hurling pathetic insults.
1. Several sections of the Sarbanes-Oxley Act which he claims to find harmful but, somehow, cannot discuss in his own words. He has simply refused to address any of the specifics of the bill, simply hiding behind what others have said.
2. The political ideology of following the Constitution of the United States.
3. The idea of not just adding patches and bandaids onto problematic legislation but going back to the beginning and writing new, clean, laws.
4 The idea of having several smaller and more easily understood laws instead of the thousand-page omnibus legislation we have started to pass.
5. Stating a coherent political philosophy for the governance of the United States
His idea of political discourse? “Some other guy said something—go read it” and “you self righteous menopausal bitch”.
Yeah, you are here to discuss, and not be pathetic and throw insults. Like “self righteous bitch”.
Hey, jake, YOU are the one who said a “solution” was to “get rid of” the Sarbanes-Oxley Act. So, tell us why. Tell us what parts, and why they need to go. Or all of the Act, for that matter.
YOU said it, not me. So, defend your position. “It costs too much” is hardly a defense of what you said. “..i know it cost about 4 million dollars a year and that is quite expensive….” is just more incoherent babble. WHAT ” cost about 4 million dollars a year “? Having a law to restrict fraud? Enforcing it? ??????? Expensive compared to what? Compared to the damage done by massive fraud, as with Enron?
If you bother to go back and actually read what I said, you will find that I not only did not defend the Act, I didn’t even come CLOSE to saying “getting rid of oxley (sic) (is) so vile…” Nope, not even close.
You seem quite as comfortable with the sad old Lefty tactic of simply inventing someone else’s statement (what we call ‘lying’) and then challenging them to defend something they never even said as you are claiming you are not here to “throw insults” and then doing just that.
goldflake = i am here to discuss and not throw insults
YET
have to do with the job market old man? Is your son still living in the basement with you?
You are too dumb to think critically you simplistic worthless little screwball
. VEry intelligent
you are just bitter old man
neonut is too much fun to piss off i couldn’t help myself.
I guess menopause hasn;t been nice to you
– you are pathetic
i have never seen such hatred and vile.
as self righteous bitch.
but you are pathetic
seems ole goldilox never reads his own tripe…..
an ols story of pointing out the speck in your eye while ignoring the beam in his comes to mind.
willywanker is dat you?
Don’t forget the illiteracy of stuff like “hatred and vile”
Too funny. And this illiterate keeps bragging about having a good job and keeping people employed. Funny—most people who really DO keep people employed do not describe their businesses as “having a job”.
you people have such a stick up your ass. Maybe you should have watched the all star game instead of being angry on this blog. I am not an angry person and for now on i wont throw insults out there. However the point is there needs to be job created. I think there are many things good about oxley but i think it cost way to much and prevents companies from going public because it cost a lot of money. That is what i don;t like about it. I did a whole study on it but i am more into technology than i am into accounting. I actually hate accounting and glad i am a coder/businessman rather than an accoutant. Whatever- the point is no president can make a difference if jobs are not created. I am anti-union and i am jealous of the retirement plans teachers get. It is ridiculous in philadelphia that they get 50% of their salary for life- i think it is more than that at this point. How are jobs going ot be created
Any company that can dump 7000-10000 jobs is way over staffed. I have worked for large corporations that had the same problem. If cisco out sources some of these jobs it will be a small fraction of the jobs terminated.