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(CBS DC)   White House: "It is important not to read too much into one monthly jobs report." Probably not the past 41 monthly reports either   (washington.cbslocal.com) divider line 384
    More: Obvious, White House, Alan Krueger, CBS Radio  
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1421 clicks; posted to Business » on 07 Sep 2012 at 3:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-07 04:09:44 PM

Brick-House: 23.1 million not working... Not that anyone (Obama) is counting.


Wrong; that's unemployed AND "underemployed"
 
2012-09-07 04:10:08 PM

WhyteRaven74: Pincy: . The private sector is doing what is best for themselves

Except it's not.


Well, what they think is best for themselves maybe.
 
2012-09-07 04:10:21 PM

skullkrusher: Don't worry. Businesses which fire people for no reason don't tend to last long


www.baltimoresun.com
 
2012-09-07 04:10:47 PM

skullkrusher: such as consumer sentiment, aggregate demand


Two things the private sector can do something about. Like by paying higher wages. Why would an American company care if some foreign government defaults on its debt unless it happens to hold some of it? Oil shocks? That has always been a possibility, funny how it never really worried people much.
 
2012-09-07 04:10:56 PM

TIKIMAN87: ignatius_crumbcake: [img809.imageshack.us image 564x352]

Bush still created 5 times more jobs than were lost in the last months of his presidency.

That graph is misleading.


Stop counting Chinese jobs
 
2012-09-07 04:11:15 PM
img692.imageshack.us

Things are lookin' up
 
2012-09-07 04:11:27 PM
Obama should just do what Dubya did when he noticed the unemployment rate staring to trend upwards.

Start a couple of wars
 
2012-09-07 04:11:42 PM

Pincy: Well, what they think is best for themselves maybe.


Yeah it's that, and that's kind of where the problem is.
 
2012-09-07 04:11:43 PM
So do we blame the president or the fact that a Minority party in congress has Filibustered almost every attempt to pass legislation to create jobs.
 
2012-09-07 04:11:50 PM

TIKIMAN87: Obama has all 3 branches in his first 2 years


How many times do you need to be called out on this lie before you stop poluting threads with it?
 
2012-09-07 04:12:00 PM

leviosaurus: thurstonxhowell: leviosaurus: Would you play Russian Roulette with a four barrel gun?

[cdn3.hark.com image 320x240]

GUNS DO NOT WORK THAT WAY!

erm... a four chamber revolver. That's what I actually said. The filter must've messed it up. Yeah, that's the ticket.


upload.wikimedia.org

Think of it this way - Silver is saying that if Romney rolls a 4 with one of these die, then he wins. If you've ever been a D&D nerd, you've thrown one of these a bunch of times and you know that is not a roll you want to bet the country on.
 
2012-09-07 04:12:30 PM

gameshowhost: TheDumbBlonde: ignatius_crumbcake: [img809.imageshack.us image 564x352]

Every time a Farker posts an Obama Job Creation graphic some gets a job,

Every time you make an assertion, a mongoloid is born.


Really?
 
2012-09-07 04:12:40 PM
More about HJ 37:

Dear FreedomWorks member,

As one of our million-plus FreedomWorks members nationwide, I urge you to contact your representatives and ask them to vote YES on H.J. Res 37 to prohibit the Federal Communications Commission (FCC) from imposing net neutrality regulations on Internet providers. These job-killing regulations would involve significant new controls on the Internet that would have significant implications for investing in innovation and broadband deployment.

Net neutrality is likely to cripple competition, restrict innovation, reduce employment and raise costs for all consumers-all of which would only exacerbate the current economic downturn. These new regulations would make the government the arbiter of broadband allocation and leave broadband providers with little say over their own networks. Despite claims from net neutrality regulation supporters, the Internet is a very competitive place. Net neutrality regulations are a solution in search of a problem, with no evidence that broadband providers are restricting any Internet user's access to websites on the Internet.

The last thing that the American people need is a government takeover of the Internet. Congress has repeatedly rejected net neutrality legislation. The FCC should respect this fact-and the careful separation of power laid out in the US Constitution-and not make such sweeping law where the legislature has not. The FCC's net neutrality regulations would restrict the freedom of all Internet users while further harming our fragile economy. New York Law School Advanced Communications Law and Policy Institute recently found that net neutrality would cost the U.S. economy at least 100,000 to 200,000 jobs per year over the next five years. We must ensure that the Internet remains competitive and free by fighting a government takeover of the Internet.

I urge you to call your representatives and ask them to vote YES on Rep. Walden's (R-OR) H.J. Res 37 to disapprove of the rules submitted by the FCC with respect to regulating the Internet. We will count their vote on H.J. Res 37 as a KEY VOTE when calculating the FreedomWorks Economic Freedom Scorecard for 2011. The Economic Freedom Scorecard is used to determine eligibility for the Jefferson Award, which recognizes members of Congress with voting records that support economic freedom.

Sincerely,

Matt Kibbe
President and CEO
FreedomWorks
 
2012-09-07 04:12:55 PM

IXI Jim IXI: Obama should just do what Dubya did when he noticed the unemployment rate staring to trend upwards.

Start a couple of wars


Well, he was for the wars like the Dems but let's ignore that fact.
 
2012-09-07 04:13:06 PM

CPennypacker: Swagulus: Hmmm...A lot more "B B But Bush!!!!"'s in this thread than normal...You guys are gettin lazy. Time to come up with some new talking points.

If the GOP didn't want us to complain about how the worst president in US history savaged the economy they shouldn't have elected him.


the GOP didn't elect 0bama, the dems did.
 
2012-09-07 04:13:10 PM

skullkrusher: gameshowhost: skullkrusher: If the demand is not there,

It's almost as if slashing a metric assload of public sector jobs changed the "able" part of "willing and able" for those folks.

Don't worry. Businesses which fire people for no reason don't tend to last long


Horseshiat. I don't see the GOP House losing control this year in any of the predictions. Quit pretending like they're not at the crux of the declining recovery.
 
2012-09-07 04:13:27 PM

Mrtraveler01: The fact he's too chickenshiat to put the title of those bills in front of it's designated number shows that even he knows those bills would do jackshiat to spur job growth.


Yeah the few I checked could all have had the same title- Remove any and all environmental restrictions so companies can rape the shiat out of the planet.
 
2012-09-07 04:14:09 PM

phreezen: gameshowhost: phreezen: It's funny the Democrats always tried to turned this into class warfare.

[i45.tinypic.com image 480x408]

TIL that "fighting back" means "you started a nonexistent war".

*litany of graphs/charts, not posting them all over again as dolts pretend they're not real*

Fight back from what, why not privatize social security and join the market. Is Wall Street for or against Obama? You can't have it both ways.


So trickle-down doesn't work.
 
2012-09-07 04:15:01 PM

soy_bomb: shastacola: soy_bomb: 368,000 people dropped out the job market, 96,000 found jobs. That's a recovery?

So the private sector won't hire despite paying the lowest taxes in history and the republicans will not pass a jobs bill.

Yea, they have been slacking....


- Passed by the House (391-28) on February 11, 2011
H.R. 872 - Senate has taken no action to date
H.R. 910 - Senate has taken no action to date
H.J. Res. 37 - Senate has blocked a companion measure by a vote of 46-52
H.R. 2018 - Senate has taken no action to date
H.R. 1315 - Senate has taken no action to date
H.R. 2587 - Senate has taken no action to date
H.R. 2401 - Senate has taken no action to date
H.R. 2681 - Senate has taken no action to date
H.R. 2250 - Senate has taken no action to date
H.R. 2273 - Senate has taken no action to date
H.R. 3094 - Senate has taken no action to date
H.R. 3010 - Senate has taken no action to date
H.R. 527 - Senate has taken no action to date
H.R. 10 - Senate has taken no action to date
H.R. 1633 - Senate has taken no action to date
H.R. 1837 - Senate has taken no action to date
H.R. 2087 - Senate has taken no action to date
H.R. 4078 - Senate has taken no action to date
H.R. 9 - Senate has taken no action to date
H.R. 4 - Signed into law by the President on April 14, 2011
H.R. 436 - Senate has taken no action to date
H.R. 674 - Signed into law by the President on November 21, 2011
H.R. 3630 - Signed into law by the President on February 22, 2012
H.R. 8 - Senate has taken no action to date
H.R. 6169 - Senate has taken no action to date
H.R. 3078 - Signed by the President on October 21, 2011
H.R. 3079 - Signed by the President on October 21, 2011
H.R. 3080 - Signed by the President on October 21, 2011
H.R. 1904 - Senate has taken no action to date
H.R. 658 - Signed by the President on February 14, 2012
H.R. 4105 - Signed into law by the President on March 13, 2012
H.R. 4402 - Senate has taken no action to date
H.R. 1249 - Signed into law by the President on Septemb ...



H. Res. 72:Directing certain standing committees to inventory and review existing, pending, and proposed regulations ...

HR 910:To amend the Clean Air Act to prohibit the Administrator of the Environmental Protection Agency from promulgating any regulation concerning, taking action relating to, or taking into consideration the emission of a greenhouse gas to address climate change, and for other purposes

H.J.Res. 37: Disapproving the rule submitted by the Federal Communications Commission with respect to regulating the Internet and broadband industry practices.



H.R. 2018:To amend the Federal Water Pollution Control Act to preserve the authority of each State to make determinations relating to the State's water quality standards, and for other purposes.


H.R. 1315:

To amend the Dodd-Frank Wall Street Reform and ConsumerProtection Act to strengthen the review authorityof the Financial Stability Oversight Council of regulationsissued by the Bureau of Consumer Financial Protection,to rescind the unobligated funding for the FHARefinance Program and to terminate the program, andfor other purposes.


Those are the first five on your list,none of them have anything to do with job creation. I'm not going to slug through the rest of them, the only thing you've proved is that you know how to cut and paste .
 
2012-09-07 04:16:01 PM

Pincy: I'm sorry, did I say something earth-shattering?


You agreed with the general concept that 'greed is good.' Corporations, like any other entity, act in their own self-interest. They are not altruistic, nor should they be. However, when corporations spend decades reducing the workforce and driving down wages while gutting the ability of workers to bargain for a better deal, all they do is reduce the amount of money flowing around the middle class. That means fewer people buying TVs and cars and eating at restaurants. They are hurting themselves in the long run by trying to boost profits in the short run.

What benefits the overall economy more: 100 people making an extra $10k a year, or one person making an extra $1 million?
 
2012-09-07 04:16:12 PM

gameshowhost: phreezen: gameshowhost: phreezen: It's funny the Democrats always tried to turned this into class warfare.

[i45.tinypic.com image 480x408]

TIL that "fighting back" means "you started a nonexistent war".

*litany of graphs/charts, not posting them all over again as dolts pretend they're not real*

Fight back from what, why not privatize social security and join the market. Is Wall Street for or against Obama? You can't have it both ways.

So trickle-down doesn't work.


You want credit for Wall Street and record profits then turned it into class warfare?
 
2012-09-07 04:16:26 PM

TheDumbBlonde: gameshowhost: TheDumbBlonde: ignatius_crumbcake: [img809.imageshack.us image 564x352]

Every time a Farker posts an Obama Job Creation graphic some gets a job,

Every time you make an assertion, a mongoloid is born.

Really?


*TEEHEE* yeah
 
2012-09-07 04:16:46 PM
Are you better off than you were 4 years ago?

deadcelebrities2012.com

With 1 less banjo being played, we're all doing better.

//i keed
 
2012-09-07 04:17:31 PM

phreezen: Well, he was for the wars like the Dems but let's ignore that fact.


I guess you can't have your yellow cake and eat it too
 
2012-09-07 04:17:33 PM

Mrtraveler01: soy_bomb: H.J. Res. 37 - Senate has blocked a companion measure by a vote of 46-52

You hate Net Neutrality?

How would that bill do anything in terms of jobs?


It's almost as if he's including unrelated bills in his list to artificially inflate the numbers...
 
2012-09-07 04:17:35 PM

phreezen: gameshowhost: phreezen: gameshowhost: phreezen: It's funny the Democrats always tried to turned this into class warfare.

[i45.tinypic.com image 480x408]

TIL that "fighting back" means "you started a nonexistent war".

*litany of graphs/charts, not posting them all over again as dolts pretend they're not real*

Fight back from what, why not privatize social security and join the market. Is Wall Street for or against Obama? You can't have it both ways.

So trickle-down doesn't work.

You want credit for Wall Street and record profits then turned it into class warfare?


You're really bad at this "thinking" business.
 
2012-09-07 04:17:36 PM
I love how they "Are we better off then 4 years ago?" turns into "Well were you better off in 2009 then in 2007"?

We are adding MANY more jobs now then we were at the end of the Bush admin (when we were losing tons of jobs), the stock market is also way higher.

Republicans want to use the 2009 numbers when Obama hadn't based anything and blame him for that. They don't want to talk about how there has been better job growth now then under the Bush admin.

I love how it's "Are you doing better now then 4 years ago" and then you say "yes, let me tell you!!" and there response is "YOU'RE NOT ALLOWED TO MENTION BUSH YEARS!!!"
 
2012-09-07 04:17:54 PM

phreezen: Fight back from what, why not privatize social security and join the market.


Because most people don't want to pit their whole retirement on how the stock market does.

Myself included.
 
2012-09-07 04:18:30 PM

coeyagi: Al Franken wasn't confirmed until May, June 2009? Something like that. Then Kennedy dies in September 2009? I may be off by a month or two for each. And then Scott Brown gets in Jan 2010. So.... you're looking at about 4-6 months of filibuster-proof majority in the Senate.


www.lieberman.senate.gov
Wouldn't even say that.
 
2012-09-07 04:19:05 PM
Well my food is ready. Keep up with the lying and deceit, R|R Blowers.
 
2012-09-07 04:19:56 PM
Are you doing better than you were 4 years ago?

2.bp.blogspot.com

I'll take that as a 'No.'
 
2012-09-07 04:20:12 PM
Obama isn't at fault for the economy. Nor is Bush, nor would McCain be if he were president, as it would be exactly the same. Obama likewise isn't going to do anything to fix it, because he can't. Nor could Romney if he becomes president.

Global economy, etcetera.
 
2012-09-07 04:20:27 PM

ignatius_crumbcake: You agreed with the general concept that 'greed is good.'


No he didn't. He agreed with the general concept that you cannot expect anything other than greed from corporations.

ignatius_crumbcake: However, when corporations spend decades reducing the workforce and driving down wages while gutting the ability of workers to bargain for a better deal, all they do is reduce the amount of money flowing around the middle class.


He is saying you don't get to be shocked by this.

ignatius_crumbcake: They are hurting themselves in the long run by trying to boost profits in the short run.

What benefits the overall economy more: 100 people making an extra $10k a year, or one person making an extra $1 million?


A great argument for why all of the other businesses should hire 100 people at $10k a year but my business is still gonna do what is in its own best interest. Again, you don't get to be shocked by this.

What benefits society more, me spending $50,000 on feeding the homeless or me spending $50,000 on a car? Feeding the homeless of course but you don't get to be shocked when I act in my own best interest and buy the car instead.
 
2012-09-07 04:20:35 PM

Pincy: skullkrusher: Pincy: ignatius_crumbcake: skullkrusher: so your plan is to blame the private sector for not doing stuff that will reduce their profitability?

How do you think we got into this mess? Reducing wages and decreasing the number of employees doing the same amount of work leads to higher corporate profits but also higher unemployment.

Corporate profits are higher than ever right now but wages and hiring have not bounced back. How isn't that the fault of the private sector?

It's not necessarily the fault of the private sector, it's the fault of the trickle-down economic theory that has been put into place over the past decades. The private sector is doing what is best for themselves, which is how it should be.

well lookie here

I'm sorry, did I say something earth-shattering?


no, that was my surprise
 
2012-09-07 04:21:25 PM

gameshowhost: skullkrusher: gameshowhost: skullkrusher: If the demand is not there,

It's almost as if slashing a metric assload of public sector jobs changed the "able" part of "willing and able" for those folks.

Don't worry. Businesses which fire people for no reason don't tend to last long

Horseshiat. I don't see the GOP House losing control this year in any of the predictions. Quit pretending like they're not at the crux of the declining recovery.


I thought we were blaming the "private sector"?
 
2012-09-07 04:21:26 PM

topcon: Obama isn't at fault for the economy. Nor is Bush, nor would McCain be if he were president, as it would be exactly the same. Obama likewise isn't going to do anything to fix it, because he can't. Nor could Romney if he becomes president.

Global economy, etcetera.


Stop making sense!
 
2012-09-07 04:21:44 PM

Mrtraveler01: phreezen: Fight back from what, why not privatize social security and join the market.

Because most people don't want to pit their whole retirement on how the stock market does.

Myself included.


Why not? You guys keep saying how great the market is and record profits and what not? You can't have it both ways. Sure there are risk, but those that take it gets the reward. Starting a business is a risk.
 
2012-09-07 04:21:47 PM

topcon: Obama isn't at fault for the economy. Nor is Bush, nor would McCain be if he were president, as it would be exactly the same. Obama likewise isn't going to do anything to fix it, because he can't. Nor could Romney if he becomes president.

Global economy, etcetera.


That's why all countries have the same economy. Business is booming in Somalia I hear.
 
2012-09-07 04:23:33 PM

phreezen: Mrtraveler01: phreezen: Fight back from what, why not privatize social security and join the market.

Because most people don't want to pit their whole retirement on how the stock market does.

Myself included.

Why not? You guys keep saying how great the market is and record profits and what not? You can't have it both ways. Sure there are risk, but those that take it gets the reward. Starting a business is a risk.


You're just rambling at this point.
 
2012-09-07 04:23:39 PM

justtray: unexplained bacon:


SlothB77: DERP


Don't bother, they're ficticous.


THey came from here:

For a couple years I've been blaming it on
lack of sleep and too much pressure from my
job, but now I found out the real reason:
I'm tired because I'm overworked.

The population of this country is 237
million.

104 million are retired.

That leaves 133 million to do the work.

There are 85 million in school, which leaves
48 million to do the work.

Of this there are 29 million employed by
the federal government, leaving 19 million
to do the work.

2.8 million are in the Armed Forces, which
leaves 16.2 million to do the work.

Take from the total the 14,800,000 people
who work for State and City Governments and
that leaves 1.4 million to do the work.

At any given time there are 188,000 people
in hospitals, leaving 1,212,000 to do the
work.

Now, there are 1,211,998 people in prisons.
That leaves just two people to do the work.

You and me.
And you're sitting at your computer reading jokes!


/oblig
 
2012-09-07 04:23:50 PM

ignatius_crumbcake: Pincy: I'm sorry, did I say something earth-shattering?

You agreed with the general concept that 'greed is good.' Corporations, like any other entity, act in their own self-interest. They are not altruistic, nor should they be. However, when corporations spend decades reducing the workforce and driving down wages while gutting the ability of workers to bargain for a better deal, all they do is reduce the amount of money flowing around the middle class. That means fewer people buying TVs and cars and eating at restaurants. They are hurting themselves in the long run by trying to boost profits in the short run.

What benefits the overall economy more: 100 people making an extra $10k a year, or one person making an extra $1 million?


Ya, I agree. My point was that the fault does not necessarily lie with the private sector but rather with the system we have put in place that allows this to happen. I wasn't saying I approve of how things work currently, because I don't. I was saying that we need to reverse the trickle-down incentives that have been put in place over the past decades.
 
2012-09-07 04:23:53 PM

Elandriel: Nadie_AZ: make me some tea: impaler: Do we really need this thread again?
Link

Every 4 hours until everyone is in agreement.

Fine. I agree that cherry pie is the best pie. Anyone want to carry the motion?

Depends. Do we include pies such as French Silk? If yes, die in hell. If no, then cherry pie while a contender does not stand against the combined might of strawberry and rhubarb. That unholy fusion was crafted from the prince of temptation himself.


I have nothing else to contribute to this thread, so allow me to say you use your tongue prettier than a $20 whore.

/not obscure in the LEAST, especially on here.
 
2012-09-07 04:24:24 PM

TIKIMAN87: Mrtraveler01: TIKIMAN87: Oh...forgot to add the total labor force is as low as it was in 1981.

Obummer the failure.

And the trend started under Bush. Funny huh?

[research.stlouisfed.org image 630x378]

Explain to me how enumployment has dropped from over 10% to 8% with more and more people not working?

You see it's easy for the rate to drop when you simply stop counting people.


Because of Obamacare seniors are now living longer post retirement!
 
2012-09-07 04:24:38 PM
While expecting the Benank to change course at this point is ridiculous he should really avoid announcing anything before the election.

If the market can survive two months without official announcement of QE the market ain't real.

Oh wait...
 
2012-09-07 04:24:49 PM

skullkrusher: Pincy: skullkrusher: Pincy: ignatius_crumbcake: skullkrusher: so your plan is to blame the private sector for not doing stuff that will reduce their profitability?

How do you think we got into this mess? Reducing wages and decreasing the number of employees doing the same amount of work leads to higher corporate profits but also higher unemployment.

Corporate profits are higher than ever right now but wages and hiring have not bounced back. How isn't that the fault of the private sector?

It's not necessarily the fault of the private sector, it's the fault of the trickle-down economic theory that has been put into place over the past decades. The private sector is doing what is best for themselves, which is how it should be.

well lookie here

I'm sorry, did I say something earth-shattering?

no, that was my surprise


So you agree that trickle-down economics has pretty much been a complete failure?
 
2012-09-07 04:24:58 PM

FlyRicky: TIKIMAN87: Mrtraveler01: TIKIMAN87: Oh...forgot to add the total labor force is as low as it was in 1981.

Obummer the failure.

And the trend started under Bush. Funny huh?

[research.stlouisfed.org image 630x378]

Explain to me how enumployment has dropped from over 10% to 8% with more and more people not working?

You see it's easy for the rate to drop when you simply stop counting people.

Because of Obamacare seniors are now living longer post retirement!


Because of Obamacare?
 
2012-09-07 04:24:59 PM

coeyagi: Are you better off than you were 4 Years Ago?

[images.zap2it.com image 540x720]

Damn you, Fartbongo!


Hey, he had problems with Willard too.

i.usatoday.net
 
2012-09-07 04:25:14 PM
The only way we will ever really see low unemployment again is if we make huge changes to our way of thinking about work and consumption. Productivity increases in the past decades have basically meant that fewer people working are able to meet the needs of a larger population, and that trend will only continue to increase as automation gets better and more jobs are able to be accomplished by fewer people still.

What will happen when there is literally no reason to have a human being driving a truck, flying a plane, running a train, piloting a boat, etc.? What will happen when a huge warehouse can be managed by a tiny team of humans? What will happen when pharmacists, medical technicians and even doctors get replaced by automated systems? This stuff is happening now, and will be happening faster and faster sooner rather than later so we need to come up with plans now, need to adjust our expectations now, and need to get ready for the future now.

Change overtime laws to make anything over 20 hours a week overtime, and remove exempt positions. Make anything under 10 hours a week part-time and anything over count as full time. Double the minimum wage, move health care to single-payer, and mandate that the differential between the highest and lowest paid positions at a company (including temporary workers) may be no more than 25x, and that employees at every level get stock/profit sharing at a similar kind of rate. If the CEO gets 25000 shares, the lowest paid employee would get at least 1000, etc. The CEOs will still be doing just fine, and workers will get a fair shake too.

To benefit employers, offer substantial tax incentives to firms that are hiring and growing, and substantial tax penalties for firms that are laying off workers. Make the benefits and wages a firm offers employees part of the criteria for government and municipal contracts - the higher median wage, the better chance of getting large municipal contracts, all other things (like performance) being equal.

You'll have more people working less time to make the same amount of money (relatively), and will boost quality of life vastly for most people, allowing families to have more time together, parents more time to actually raise their kids, and all the benefits that provides.

On top of that, invest in infrastructure and hire and train people to do that. Cut the defense budget in half and take that money to spend on things like improving our communications networks (why the hell can't I get cheap fiber optic to my home in Chicago? Why isn't there the equivalent of a Manhattan project for repairing bridges, railways, etc. in this country?)

We have the money - we just spend it on destruction instead of creation. We have good people, smart people, people eager to work, so let's put them to work.

Or we could just give millionaires more tax cuts and spend all our money killing brown people, I guess.
 
2012-09-07 04:25:15 PM

WhyteRaven74: Why would an American company care if some foreign government defaults on its debt unless it happens to hold some of it?


You think that a default on Greek or Spanish or wherever debt would only impact holders of that debt?

WhyteRaven74: Oil shocks? That has always been a possibility, funny how it never really worried people much.


what's new about the current environment? Hmm... is there something going on that could see the closure of a major strait somewhere? If you can't recognize the dicey global environment in many regards for whatever reason, not much I can do.

You'll have to trust me. shiat is really iffy out there. Companies are not going to start spending a bunch of money on expansion until things become less iffy.
 
2012-09-07 04:25:25 PM

phreezen: Mrtraveler01: phreezen: Fight back from what, why not privatize social security and join the market.

Because most people don't want to pit their whole retirement on how the stock market does.

Myself included.

Why not? You guys keep saying how great the market is and record profits and what not? You can't have it both ways. Sure there are risk, but those that take it gets the reward. Starting a business is a risk.


Holy farking shiat. The stock market is only great if Mrt invests all of his retirement in the stock market? What if he doesn't? Holy farking shiat Mrt I don't think you understand how critical it is you invest all of your money immediately. Corporate profits are apparently hinging on your decision here. That's the way the world works.
 
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