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(CBS News)   It's the economy, stupid. No, this is not a repeat from 1992   (cbsnews.com) divider line 58
    More: Scary, battleground state, Quinnipiac University, SciTech High  
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1238 clicks; posted to Politics » on 23 Aug 2012 at 11:59 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-23 02:29:54 PM

hugram: Are you not better off today than you were four years ago? If not, can you explain why?


Economy specking I'm doing better than I was 4 years ago. But during the down turn 2 years ago I fired a lot of people. So I'm making more money then I did before but I'm working more hours so that's not helping socially.

And Tulsa for the most part didnt get hit as hard as most the country. I'd like to thank our local government for hedging the damage that has been done to the rest of the country. Between the tax breaks and the almost draconian immigration laws driving the illegals out we have been doing just fine.

NateGrey: You arent one of those right?


Right. But I wouldn't turn down a government check. I've paid more than my fair share.

Lost Thought 00: Therefore nothing will change for you under the ACA. So why are you afraid of it?


Keep reading. I answered that.
 
2012-08-23 02:39:19 PM

cman: You shouldnt blame Obama for the state of the economy.

I can understand why you do it; he did run on a platform to fix it. Plus, he can be an easy scapegoat, too.

The real world does not work that way. The President is like the windshield of a car while we the consumers are the engine. The economy is just too damned complex for the President to have a hand in fixing. There are a billion of pieces that make our economy go, and the President is only one out of a billion of those pieces

/Remember the source, a man who dislikes Obama very much


I thought it was opposite day, until the last line.
 
2012-08-23 02:47:00 PM

The Stealth Hippopotamus: hugram: Are you not better off today than you were four years ago? If not, can you explain why?

Economy specking I'm doing better than I was 4 years ago. But during the down turn 2 years ago I fired a lot of people. So I'm making more money then I did before but I'm working more hours so that's not helping socially.


Ok, so you are better off financially now but not socially because you are working too many hours. Maybe you could re-hire some of those people you fired (or hire someone new) since it sounds like your business has enough demand now. That would be the way to fix your lack of social problem...

The bottom line is that most people are better off today (financially speaking) than they were 4 years ago... The ones that are not better off may need to figure out why they are not better off. After they do an honest analysis on the reasons, they will realize that Obama has nothing to do with their shortcomings.
 
2012-08-23 03:23:29 PM

tfresh: I mean let's be honest, health care was going to move into electronic format anyways. Obama is just speeding things up


So you're making money off him. He's doing something that needs to happen anyway, something that will cheapen health-care paper work, which is a great idea.

And you're still voting for Romney???

Right. You're "already rich." Have any shots of yourself totally balling with 10 $20 bills fanned out in your hands?
 
2012-08-23 03:41:06 PM

hugram: Ok, so you are better off financially now but not socially because you are working too many hours. Maybe you could re-hire some of those people you fired (or hire someone new) since it sounds like your business has enough demand now. That would be the way to fix your lack of social problem...


I would but here is the problem. You tax income not wealth. Confused? Let me explain. I'm not a millionaire and I'm sure as shiat not a billionaire but I'm well about the 250k mark. I've got a target on my back the size of Texas and I'm feeling a little nervous about it. So right now I'm banking every dollar I can get. Making hay while the sun shines if you will. Get it, keep it. So if Obama does win and sets about raising taxes I'll have a nice little nest egg. I've been doing it for 2 years I can handle a few more months.
 
2012-08-23 04:05:16 PM

The Stealth Hippopotamus: hugram: Ok, so you are better off financially now but not socially because you are working too many hours. Maybe you could re-hire some of those people you fired (or hire someone new) since it sounds like your business has enough demand now. That would be the way to fix your lack of social problem...

I would but here is the problem. You tax income not wealth. Confused? Let me explain. I'm not a millionaire and I'm sure as shiat not a billionaire but I'm well about the 250k mark. I've got a target on my back the size of Texas and I'm feeling a little nervous about it. So right now I'm banking every dollar I can get. Making hay while the sun shines if you will. Get it, keep it. So if Obama does win and sets about raising taxes I'll have a nice little nest egg. I've been doing it for 2 years I can handle a few more months.


Good business owners don't make decisions on whether to hire or not based on what they pay on taxes. If your business can make more money by hiring someone new, or if your business can actually lose sales by not having enough people to help your customers, you would be dumb not to hire someone.

In your case, I'm not sure if your business has enough demand to hire someone or not, from a revenue point of view. You have not made that clear yet. It does sound like you could benefit from a new hire to alleviate some of your time. Besides, an employee is treated as an expense, thus you can use his/her income to reduce your taxable income.

To make it clear... I'm not saying you should hire someone to reduce your taxes if that person will not help you increase your revenues. You should only hire someone if they will add value to your company.
 
2012-08-23 04:58:26 PM

hugram: Good business owners don't make decisions on whether to hire or not based on what they pay on taxes. If your business can make more money by hiring someone new, or if your business can actually lose sales by not having enough people to help your customers, you would be dumb not to hire someone.


You completely missed the point. People hire other people to make money. Simple. I'm really happy where my company is. It would be a pain in the arse to hire and train someone to do what I'm doing now. The money/business is there to do it. However I'm doing it myself to keep my costs down and put more money in my pocket. I also have profit sharing program so the employees also love me for doing it. Odds are if I add people I will still be doing the same level of revenue. I'm not talking about sales tax I'm talking about my individual income tax!

hugram: In your case, I'm not sure if your business has enough demand to hire someone or not, from a revenue point of view. You have not made that clear yet. It does sound like you could benefit from a new hire to alleviate some of your time. Besides, an employee is treated as an expense, thus you can use his/her income to reduce your taxable income.


I think this is where we have our disconnect. I'm talking about my income. I have a S corp.

hugram: To make it clear... I'm not saying you should hire someone to reduce your taxes if that person will not help you increase your revenues. You should only hire someone if they will add value to your company.


I like to think of myself as a decent guy. I'm not going to bring someone in just to ship them off a few months later. If I hire anyone I'm going to keep them for years. Our average retention is about 11 years. That is incredibly high for a trucking company. This is the weird part either way, after the election I'm going to start hiring people! If Obama wins and my taxes go up I can't justify the increased sitting here for less. My employees are going to see a decrease in compensation! But I told them what I'm planning so the smart ones are socking money away too. And if Romney wins and my taxes arn't going up then I'm going to hire someone cause I'm just sick of messing with it. I'm already showing signs of burn out. Look at me! I'm just Farking around.
 
2012-08-23 08:24:59 PM

quatchi: Damn, right it is.

Supply side doesn't work, capitulating to lobbyists on the behalf of the 1% and multinational corporations is how America got into it's current mess and it's not how to get out of it.

Of course you shouldn't discount the social issues completely.

Not when the GOP have ratcheted up the culture wars to a point we haven't seen since before R v. W was decided. 

/Also, a sense of perspective on America's relative strength versus other western industrialized countries who are going through tougher times replete with austerity budgets might come in handy here.


But the economy has improved, Stupid....
 
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