Buzzkill: Bad Jobs Report

[3kings]

Originally Posted by wiphan

I am not ready to throw the towel in yet. Yes all politicians are crooks and liars. Corporations are in it for the $ and will ship jobs overseas. We know the current administration's policies and what they have done. Will Romney/Ryan be better? It is yet to be seen, but your choice is to say we are doomed, stick with what hasn't worked or hope by some miracle that the GOP changes this at least to some degree. To me it is always the lesser of 2 evils.....

The big issue is the govetnment is in bed with big banks/ investment firms. These companies buy out all the major players of the industry slash pricing or do billing etc... and kill the mid level distributers. This in turn kills the smaller companies and all but haults start-ups. This is why the economy is dying. Big banks/investment firms are in the polititions pockets and are killing all but the biggest companies.

[Danzig]

Originally Posted by 3kings

The big issue is the govetnment is in bed with big banks/ investment firms. These companies buy out all the major players of the industry slash pricing or do billing etc... and kill the mid level distributers. This in turn kills the smaller companies and all but haults start-ups. This is why the economy is dying. Big banks/investment firms are in the polititions pockets and are killing all but the biggest companies.

too true. and romney's position is to loosen bank regulations even more. what will that do??? we don't need banks running rampant again/still!! they need to put glass/steagall back in action.

and it wasn't that favorite target of dems, george bush, who signed that law removing g/s. that would be bill clinton. yeah, it's all bushes fault the economy took a sh!t.

but yeah, the real problem is that poLIEticians are in it for the money. and us middle class peasants aren't the ones with the money.

[wiphan]

Originally Posted by Danzig

too true. and romney's position is to loosen bank regulations even more. what will that do??? we don't need banks running rampant again/still!! they need to put glass/steagall back in action.

and it wasn't that favorite target of dems, george bush, who signed that law removing g/s. that would be bill clinton. yeah, it's all bushes fault the economy took a sh!t.

but yeah, the real problem is that poLIEticians are in it for the money. and us middle class peasants aren't the ones with the money.

that is a fine line you need with banking regulation. Too much regulation like we have today and there is no risk taking in business or consumer lending. Too little regulation and we get what we had in the early 2000's. Dodd/Frank went way too far and is not helping the consumer at all just putting more money in the government and the banks pockets

[Danzig]

Originally Posted by wiphan

that is a fine line you need with banking regulation. Too much regulation like we have today and there is no risk taking in business or consumer lending. Too little regulation and we get what we had in the early 2000's. Dodd/Frank went way too far and is not helping the consumer at all just putting more money in the government and the banks pockets

there's more on the way. a bank just announced that with all the new regs coming down, it's not going to be profitable for them to keep doing business so they're closing the doors.
but what's happened is that the regulations are killing all the small ones-but not the big banks they'll benefit immensely. but like i said, follow the $. it's always about the money.
thing is, it would be pretty easy to get things back to where they need to be-but those with the true power don't want that to happen.

almost makes me just say forget it, and start watching that boo boo show, or dancing with the stars and not read the news anymore.

[wiphan]

Originally Posted by Danzig

there's more on the way. a bank just announced that with all the new regs coming down, it's not going to be profitable for them to keep doing business so they're closing the doors.
but what's happened is that the regulations are killing all the small ones-but not the big banks they'll benefit immensely. but like i said, follow the $. it's always about the money.
thing is, it would be pretty easy to get things back to where they need to be-but those with the true power don't want that to happen.

almost makes me just say forget it, and start watching that boo boo show, or dancing with the stars and not read the news anymore.

agree. I am just glad the NFL and college football are back......

[pmacdaddy]

Originally Posted by wiphan

agree. I am just glad the NFL and college football are back......

Hopefully the season will help with some more of these bartender and waiter/waitress jobs we have been racking up...

[Thepaindispenser]

The early 1980's recession was worse than this one. Reagan pretty much did the opposite of Obama and the country experienced spectacular growth with large amounts of jobs created. So I am not buying the argument that there isn't much the government can do to create jobs.

[jms62]

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

[Danzig]

Originally Posted by jms62

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

Those who ignore history......


Yeah, european banks were going hogwild, so us banks wanted a level playing field. Tada. They got it, and look where it got us. And europe.

[Rudeboyelvis]

Originally Posted by jms62

So Glass/Steagall enacted after the Great Depression so we wouldn't have another. It is repealed and low and behold within 10 years another depression.

Yup...They fought it for 65 years until Clinton finally got almost all of the language repealed. And then almost overnight Bush 41 and he walked arm and arm extolling the virtues of NAFTA which was the push off the cliff.

[jms62]

Originally Posted by Rudeboyelvis

Yup...They fought it for 65 years until Clinton finally got almost all of the language repealed. And then almost overnight Bush 41 and he walked arm and arm extolling the virtues of NAFTA which was the push off the cliff.

Rosss Perot basically handicapped this whole jobs situation in the early 90's. I needed that foresight at Saratoga. Clinton doesnt get the "credit" he deserves for getting the ball rolling in the wrong direction.