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Thread: New recession or just stagflation?

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    Senior Member WILDJOKER5's Avatar
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    New recession or just stagflation?

    Well, 5 years of this poor economy and yet nothing that the dems have done has produced a true recovery. More people in poverty, dismal GDP growth, more people out of work and on government assistance than ever before. So what do we do? Deny or slow down the production of raw materials on federal lands. Deny the building of a pipeline from Canada. Push higher minimum wages that unqualified, low skilled employees don't deserve. Fight for even MORE under skilled, unqualified, and mostly non-English speaking illegal immigrants to have amnesty for breaking the law to flood welfare and food stamp market while looking for those same jobs that Americans can't even get hired for. Nah, blame Bush, blame "Trickle-down economics", but whatever you do, don't blame Obama, the savior of the nation.

    http://www.foxbusiness.com/economy-p...ack-in-growth/
    Last edited by WILDJOKER5; 05-29-2014 at 07:05 PM.
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    Quote Originally Posted by WILDJOKER5 View Post
    Well, 5 years of this poor economy and yet nothing that the dems have done has produced a true recovery. More people in poverty, dismal GDP growth, more people out of work and on government assistance than ever before. So what do we do? Deny or slow down the production of raw materials on federal lands. Deny the building of a pipeline from Canada. Push higher minimum wages that unqualified, low skilled employees don't deserve. Fight for even MORE under skilled, unqualified, and mostly non-English speaking illegal immigrants to have amnesty for breaking the law to flood welfare and food stamp market while looking for those same jobs that Americans can't even get hired for. Nah, blame Bush, blame "Trickle-down economics", but whatever you do, don't blame Obama, the savior of the nation.

    http://www.foxbusiness.com/economy-p...ack-in-growth/
    So tell me - who do you think "deserves" a living wage that can actually support a family?

    Also tell me about all these extra workers that McDonalds hires for no reason. If a McDonalds needs 6 workers a shift to function properly - they're going to have 6. Not 5. Not 7. 6. It is interesting that some Conservatives push this myth so aggressively. And what's funny, is that McDonalds and other corporations notorious for mistreating their workers will actually encourage them to take public assistance. So you're not even saving anything by giving them shit pay.

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    Senior Member Rusty Jones's Avatar
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    WJ5 bitches about the increase in public assistance, yet can't grasp the fact that low wages that places like Walmart and McDonald's pay are exactly WHY. If these places don't pay living wages, then taxpayers are forced to pick up the tab from there in the form of SNAP, Section 8 housing, free school lunches, Medicaid, etc. But... conservatives never want to talk about THAT, do they?
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    Quote Originally Posted by WILDJOKER5 View Post
    Well, 5 years of this poor economy and yet nothing that the dems have done has produced a true recovery. More people in poverty, dismal GDP growth, more people out of work and on government assistance than ever before. So what do we do? Deny or slow down the production of raw materials on federal lands. Deny the building of a pipeline from Canada. Push higher minimum wages that unqualified, low skilled employees don't deserve. Fight for even MORE under skilled, unqualified, and mostly non-English speaking illegal immigrants to have amnesty for breaking the law to flood welfare and food stamp market while looking for those same jobs that Americans can't even get hired for. Nah, blame Bush, blame "Trickle-down economics", but whatever you do, don't blame Obama, the savior of the nation.

    http://www.foxbusiness.com/economy-p...ack-in-growth/

    What do we do? How about we tell the corporations that are reaping record profits to hire more workers? How about if you work full time for a multi BILLION dollar company you are ineligible for govt benefits. How about we make the companies that reap billions in profits pay the actual tax rate they are supposed to.

    from 2008-2010 the 280 most profitable corporations on the fortune 500 list paid an effective tax rate of 18.5% not the 35% they should have. 78 of those companies paid ZERO taxes....thats right ZERO those on the right liked to talk about the 48% that dont pay but they never mention that.

    GE paid an effective tax rate of 2.3% on 81 BILLION in profits from 2002-2011 2.3 fucking percent.

    so companies are making more money than ANY TIME IN RECORDED HISTORY. Paying mid-teens (if we are lucky) in taxes, and refuse to hire employees or raise wages and thats the GOVERNMENTS fault? Get outta here with that bullshit.

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    Member MitchellJD1969's Avatar
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    Quote Originally Posted by GeoDude View Post
    So tell me - who do you think "deserves" a living wage that can actually support a family?

    Also tell me about all these extra workers that McDonalds hires for no reason. If a McDonalds needs 6 workers a shift to function properly - they're going to have 6. Not 5. Not 7. 6. It is interesting that some Conservatives push this myth so aggressively. And what's funny, is that McDonalds and other corporations notorious for mistreating their workers will actually encourage them to take public assistance. So you're not even saving anything by giving them shit pay.
    It's a sad state of affairs for our economy and country when a job that has been historically an entry level position is now considered to be a primary job to support a family. But anyways...you can raise the minimum wage to whatever you consider a "living wage," but eventually inflation will degrade your wage value until you are pretty much in the same boat you were at the beginning before you raised the minimum wage. If raising the minimum wage is such a great idea, then why havnt the last few times it was raised solved the problem?
    The state tends to expand in proportion to its means of existence and to live beyond its means, and these are, in the last analysis, nothing but the substance of the people. Woe to the people that cannot limit the sphere of action of the state! Freedom, private enterprise, wealth, happiness, independence, personal dignity, all vanish. - Frederic Bastiat

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    Quote Originally Posted by MitchellJD1969 View Post
    It's a sad state of affairs for our economy and country when a job that has been historically an entry level position is now considered to be a primary job to support a family. But anyways...you can raise the minimum wage to whatever you consider a "living wage," but eventually inflation will degrade your wage value until you are pretty much in the same boat you were at the beginning before you raised the minimum wage. If raising the minimum wage is such a great idea, then why havnt the last few times it was raised solved the problem?
    You're funny!


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    Quote Originally Posted by GeoDude View Post
    You're funny!

    whoa!whoa!whoa! dont be coming all up in this obama bashing session with all these facts! That will not be tolerated..your chart is clearly a liberal and probably on welfare...Benghazi!!!!

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    Quote Originally Posted by GeoDude View Post
    You're funny!

    What does this have to do with the post you quoted? It's about what happens to the economy if everyone makes more...your graph is not.

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    Quote Originally Posted by sandsjames View Post
    What does this have to do with the post you quoted? It's about what happens to the economy if everyone makes more...your graph is not.
    CEO pay has gone up over 400%... worker wages have gone up hardly at all.

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    Add to that when a worker is "let go" say due to downsizing, they are given a small severance package. Where as those executives on average will get 10-20 times that amt or more.

    Look at the Oil companies. Gas today went up from 370 or so, to 3.99 a gal for regular in most of Columbus. But yet the price of oil a barrel from yesterday to today went up only less than 1 percent. The oil execs are raking in the bucks.
    Last edited by garhkal; 05-30-2014 at 05:22 AM.

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