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POPSUnemployment Taxes Slam Businesses In at least 35 states businesses face massive tax hikes this year. This is starting to look like a vicious circle, efforts to pay for unemployment creating more unemployment.
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POPSHas the Depression "officially" Begun? Politicians get very creative finding ways to avoid using the term "depression" in reference to the economy. Now the British, in the Telegraph, seem to be boldly suggesting its the appropriate term.
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POPSMISLEADING UNEMPLOYMENT NUMBERS Therefore, it is important not to read too much into any one monthly report, positive or negative." The surprisingly low unemployment figure, of course, occurred as a result of an inordinately large number of job seekers dropping from the record as their unemployment benefits expire and many others have simply given up all hope of procuring employment. The government's hiring of over a million temporary workers this year to perform the census also takes the edge off the numbers.
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POPSWars sending U.S. into ruin. Obama’s Afghan “surge” of 30,000 new troops will cost an additional $33 billion — more than Germany’s total defence budget. Military and intelligence spending relentlessly increase as unemployment heads over 10% and the economy bleeds red ink. America has become the Sick Man of the Western Hemisphere, an economic cripple like the defunct Ottoman Empire. The Pentagon now accounts for half of total world military spending. Add America’s rich NATO allies and Japan, and the figure reaches 75%. China and Russia combined spend only a paltry 10% of what the U.S. spends on defence. There are 750 U.S. military bases in 50 nations and 255,000 service members stationed abroad, 116,000 in Europe, nearly 100,000 in Japan and South Korea. Military spending gobbles up 19% of federal spending and at least 44% of tax revenues. During the Bush administration, the Iraq and Afghanistan wars — funded by borrowing — cost each American family more than $25,000.
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POPSThe Cure for Unemployment The author is comfortable with the idea that no man need be over paid and if paid wages low enough to support the desired profits of business, all men would be employed. The premise that a multimillion dollar corporation will negotiate the wages with individuals is ludicrous. Only in the face of Unionization has business ever negotiated wages with the ordinary working force. The suggested Free Competition for jobs is intended to support the idea than no minimum wage is too low. Let the market set the value. The market is naturally business administrators that get bonuses for increasing profits. I have a hard time reading a commentary founded in ignorance by people educated beyond their intelligence.
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POPSGet the shovel...........it's a deep hole!
Wall Street economists expect the January report will show a tiny increase of 5,000 jobs. That would be only the second monthly gain since the recession began. But it probably wouldn’t be enough to hold down the unemployment rate, which is forecast to rise to 10.1 percent. That would match October’s 26-year high. And it would be the fourth-straight month of double-digit joblessness. The Labor Department’s revisions on employment levels are done every year. They are based on unemployment insurance tax data that companies submit to states. Jobs remain scarce even as the economy is recovering: Gross domestic product, the broadest measure of the nation’s output, has risen for two straight quarters. GDP rose by 5.7 percent in the October-December quarter, the fastest pace in six years. But hiring is still lagging. Many economists say businesses are reluctant to add workers because it’s not clear whether the recovery will continue once government stimulus measures, such as tax credi
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POPSLoans for people on benefits: Easy way to feel free from problems People who are living at DSS benefits now they also can go for a loan to solve their personal problems any time. Lenders do not ask question about the usage of the loan money. http://www.onlineloanss.co.uk/articles/loans_for_people_on_benefits_easy_way_to_feel_free_from_problems.html
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POPSDid Reuters Yank Article “Backdoor Taxes Hit Middle Class”
I think it was the language used in the article that prompted Reuters to pull it. In particular, it was the series of phrases shown below that, combined with the one mentioned above, must have made the hair stand up on the back of Rahm Emanuel’s neck: “…effectively a tax hike by stealth.” “middle-class families will face a slew of these backdoor increases.” Perhaps the largest contributing factor to the article being yanked is a list of tax break provisions popular among middle-class families that Obama might allow to expire: * Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes. * The $250 teacher tax credit for classroom supplies. * The tax deduction for up to $4,000 of college tuition and expenses. * Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid. * The first $2,400 of unemployment ....
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POPSWhat is New Hampshire Doing Right? "Now, usually none of us would celebrate unemployment rates of 7 percent," Scarborough said. "But that is not only well below the national average, but your neighbor, Rhode Island, to the south of you now sitting with a 13 percent unemployment rate. What's New Hampshire doing right?"
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POPS Stupid Is As Stupid Does little to focus on job creation over the past year. Discouraging people from coming to our state to make a political point adds insult to injury," said Republican Congressman Dean Heller. "Tourism is the number one economic stimulus for Southern Nevada and for many cities and states across the country. While we appreciate Las Vegas is top of mind for the President, we would ask that he offer words of encouragement instead of criticism," Las Vegas Convention and Visitors Authority President and CEO Rossi Ralenkotter said. President Obama is scheduled to visit Las Vegas this month. White House Press Secretary Robert Gibbs later clarified that Obama meant to target banks and other firms that received federal bailout funds. Gibbs said that the president believes in a strong tourism industry. Read more: http://nosheepleshere.blogspot.com/#ixzz0eUFxf5XG
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POPSEarly or Late Retirement
Due to the current financial situation caused by the slowdown in the economy, Congress has decided to implement a scheme to put workers of 50 years of age and above on early retirement, thus creating jobs and reducing unemployment. This scheme will be known as RAPE (Retire Aged People Early). Persons selected to be RAPED can apply to Congress to be considered for the SHAFT program (Special Help After Forced Termination). Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (System Covering Retired-Early Workers). A person may be RAPED once, SHAFTED twice and SCREWED as many times as Congress deems appropriate. Persons who have been RAPED could get AIDS (Additional Income for Dependants & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance). Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by Congress. Persons who are not RAPED and are staying on will receive as much SHIT (Special Hig
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POPSA Glimpse At The United Corporations of America's Future
This article shows how a Corporation (PERSON) responds to an economic slump. (By frantically trying to figure out how to get customers back to stuff unhealthy food products down their unwitting throats again.) It’s a peek at what We the Non-Corp. “People” are in for. Plummeting sales make them scramble to come up with new ideas to bring their ever loving profit margin back up to greed speed, proving (as if we didn’t know) that profits rule and the Corp. type “People” care about little else. So, in the future when the Corp.”People" start buying our politicians... the ones who they can readily scratch their backs with some scratch ($) and get them elected so laws can be changed in a Corp.’s favor, like lowering quality of already crappy food because FDA will surely be in their pockets also and recalls will be a thing of the past. We the Non-Corp. “people” will be left holding the Burger King and McHappy Meal bags. Welcome to the new Robert's vision of the United Corporations of America!
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POPSA $3.8T budget that REDUCES debt? WHAT? Only in government can spending well over a trillion above revenues "reduce debt." This reminds me of the politicians telling us how many jobs are being saved by the stimulus while the unemployment rate and jobless claims go higher.
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POPSObama Would 'Rather Be Really Good One-Term President' Capping student federal loan payments to 10 percent of the student's income above a basic living allowance. Requiring all employers to give workers an option of automatic workplace direct-deposit IRAs Expanding tax credits to match retirement savings by expanding and simplifying the Saver's Credit to match 50 percent of the first $1,000 of contributions by families earning up to $65,000 and providing a partial credit to families earning up to $85,000 Expanding support for families balancing work with caring for elderly relatives with a $102.5 million Caregiver Initiative. I am not sure imposing new requirements on employers is a great idea with the unemployment rate climbing and jobs foremost on voters' minds. Increasing child and dependent care tax credits are only beneficial if people actually have jobs to go to. Nevertheless, there is no better way to silence the plebes than sending baskets of gold to be divided among them http://rubyslippersblog.blogspot.com
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POPSObama Needs “Stupid Ideas” Czar "Consider the ages of these Congressional stalwarts:" "Robert Byrd (93) Diane Feinstein (79) John McCain (73) Nancy Pelosi (70) Barbara Boxer (70) Harry Reid (70) John Kerry (67)" "Yes, I know that John McCain is a Republican. But folks the man is more liberal than some communists, and he is just too old to be trusted with the awesome power granted to a US Senator."
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POPS'Capitalism is evil … you have to eliminate it' Michael Moore can't be accused of being bashful. I clipped this segment from the article because FDR really did sound like a socialist and those that reticule Obama need to compare the rhetoric. Moore is always interesting to me.
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POPSRegulators Shut Down Banks in 5 States: Totaling 15 Bank Failures In 2010 and American Marine Bank of Bainbridge Island, Wash., with $373.2 million in assets and $308.5 million in deposits. First Regional Bank's collapse followed the shutdown of several large California banks in the last months of 2009. California was one of the states hardest hit by the real estate market meltdown, and many banks there have suffered under the weight of soured mortgage loans. Last year saw the failure of 17 banks in the state. First-Citizens Bank & Trust Co., based in Raleigh, N.C., agreed to buy the deposits and $2.17 billion of the assets of First Regional Bank. The FDIC retained the remaining assets for later sale. In addition, the FDIC and First-Citizens agreed to share losses on $2 billion of the failed bank's loans and other assets. Community & Southern Bank, also based in Carrollton, Ga., agreed to assume the deposits and assets of First National Bank of Georgia.
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POPSRepublicans Eye High-Profile US Senate Races The Senate hopefuls are chasing a position that has already come to national attention: in 2008, Rod Blagojevich, the former governor of Illinois, allegedly tried to sell the seat . He was subsequently impeached and is due to stand trial for corruption in June. The ensuing brouhaha is one reason the Democrats may lose in Illinois, where no Republicans hold statewide office. The state’s unemployment level is also well above the national average. Moreover, the financial woes that have hit many US states are acute in Illinois, whose budget crisis is second only to California. The Democratic field is more fragmented. Alexi Giannoulias, the state’s 33-year-old treasurer, leads in the polls. A basketball buddy and protégé of Mr Obama, Mr Giannoulias has tied himself closely to the president, whom he mentions frequently in speeches. continued below .....
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