quote:

ORIGINAL: Edwynn
Wow, is that just a 100% about-face from SOP, or what? Yeah, that is going to bring the economy to its knees, I yell ya.

quote:

ORIGINAL: tweakabelle
On the basis of that house of cards trickery, we are warned that "We're all doomed" - this is the consequence of choosing Obama over Romney. Not even magic underwear will make that look, sound or be logical.

Sour grapes any one?

quote:

ORIGINAL: Yachtie

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”


Right or wrong, as a business owner he too has to make choices. He too shall reap the consequences. His is not a unique story. There are those who think the economy is turning around, that progress is being made. One person even said yesterday that the only reason the economy is down is because of government shrinkage. Not true.

There's a hard lesson on its way.

quote:

ORIGINAL: tazzygirl
From the OP... take a look.

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quote:

ORIGINAL: DomYngBlk

quote:

ORIGINAL: Yachtie

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”


Right or wrong, as a business owner he too has to make choices. He too shall reap the consequences. His is not a unique story. There are those who think the economy is turning around, that progress is being made. One person even said yesterday that the only reason the economy is down is because of government shrinkage. Not true.

There's a hard lesson on its way.

Any factual evidence that this is even true? I mean talk radio is easily trusted with producing the facts but.....maybe someone has more info?

quote:

ORIGINAL: Yachtie

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”


Right or wrong, as a business owner he too has to make choices. He too shall reap the consequences. His is not a unique story. There are those who think the economy is turning around, that progress is being made. One person even said yesterday that the only reason the economy is down is because of government shrinkage. Not true.

There's a hard lesson on its way.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: tazzygirl
From the OP... take a look.

Gotcha. I read the link, so I didn't notice it completely.

Perhaps that Yachtie didn't include "David" mentioning his employees tending to be Hispanic because Yachtie didn't believe that had anything to do with the point he was making in the OP.

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: DomYngBlk

quote:

ORIGINAL: Yachtie
LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.
“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”
“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.
I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”
Right or wrong, as a business owner he too has to make choices. He too shall reap the consequences. His is not a unique story. There are those who think the economy is turning around, that progress is being made. One person even said yesterday that the only reason the economy is down is because of government shrinkage. Not true.
There's a hard lesson on its way.

Any factual evidence that this is even true? I mean talk radio is easily trusted with producing the facts but.....maybe someone has more info?

Well, the source is CBS, Las Vegas. Not talk radio.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: DomYngBlk

Loose on the facts be nice if "david" had thes strength of his convictions. But obviously not. Anyway, is bullshit since he wouldn't see any increase in taxes. Does he assume cost of health insurance was goint to remain static or lower with Romney in the White House? If he did....he is a fool.

quote:

ORIGINAL: mnottertail

I have argued for regulation and oversight all along, and I found it fuckin abhorrent that we not only bailed out wallstreet and the banks but signed legislation ALLOWING them to hold toxic assets at the inflated full book value way back, knowing that they were sitting on shit that wouldnt bring a 10th of it.

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: DomYngBlk
Loose on the facts be nice if "david" had thes strength of his convictions. But obviously not. Anyway, is bullshit since he wouldn't see any increase in taxes. Does he assume cost of health insurance was goint to remain static or lower with Romney in the White House? If he did....he is a fool.

Those are the wrong facts. Not that they are wrong in and of themselves, but wrong as to understanding the climate we are dealing with. Those facts are the Titanic deck chairs. David may or may not actually understand it, but he does perceive it. He may have mistakenly thought Romney was the solution. This is why I said he made the right decision even though his reasoning might be faulty.
People are focusing on the wrong thing!!! I've been trying to point this out for quite some time. Until the underlying problem is fixed it's all GIGO. Unfortunately, fixing the problem will be more painful than anyone anticipates. The social-economic system of this country will take one hell of a hit.
The following are excerpts -
What Bernanke has not done, but could and should have, is demand that the fraudulent leverage come out of the system. But he has not done that, and a big part of the reason why is that there is no support for it in the Congress. Incidents like Rochdale, which apparently put on a $700 million position in Apple stock with somewhere around $3 million in actual capital point to the intentional lack of risk controls up and down the line.
The entire world has played the same game -- allow "market participants" (big banks and other connected financial institutions) to cheat. It wasn't enough that we walked right over the cliff in 2008 due to massive, pervasive and outrageous levels of cheating -- fraud up and down the line.
That didn't lead to a single bankster going to jail and it didn't change one thing about how our financial institutions are structured, here or anywhere else.
CNBC this morning is talking about the "Fiscal Cliff" as if there's some sort of solution that does not involve admission of the frauds of the last four years at a fiscal and monetary level; a cessation of the claims that we can have "Economic Growth" that is literally all the result of credit creation in excess of production, and recognition of the embedded damage that has been done to the economy.
They're wrong.
Everyone who has made this claim is wrong.
They're wrong because 2 + 2 = 4, no matter what else you want to claim it is. It will never be other than 4.
Now consider folks what happens when we can't buy forward economic output with ever-increasing amounts of debt?
The economy collapses back to its sustainable size. The government is forced to collapse itself back to its sustainable size. Government will kick, scream and shove, and so will the so-called "entitled", but it doesn't matter; arithmetic doesn't care about politics nor shouting. It just is.
And by the way, from 2010 forward debt is no longer expanding; the total systemic debt change upward from 1Q 2010 to today, including the furious rate of new federal debt, is +0.9%.
The pattern from 1953 until 2010 has now been violated; we went off the Wile-E-Coyote cliff and have been furiously pedaling our legs in the air wondering why we're not moving forward any more -- but have yet to look down.
It's a long way down.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: tazzygirl
From the OP... take a look.

Gotcha. I read the link, so I didn't notice it completely.

Perhaps that Yachtie didn't include "David" mentioning his employees tending to be Hispanic because Yachtie didn't believe that had anything to do with the point he was making in the OP.

Quite so.

quote:


But, but, but, Keynesianism works!

quote:

ORIGINAL: tazzygirl
Oh you missed an important piece of information then.
His insistence that they are Hispanic was for many reasons...
1) So he didnt anger the "white crowd"
2) So he didnt anger the "black crowd"
3) Illegals are not likely to attempt to collect unemployment... so he is safe if anyone decides to "check" his story by that route.
Again... this is all bullshit.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)