Congratulations, House Republicans!

@bobsal u1553115,

Quote:

That's just argumentative BS.

No it is true. The top 1% made more each year. Look at the market you brag about. Who do you think profits there? And the number on food stamps and incomes below poverty level has also increased each year of this sad, pathetic presidency.

1 Reply

@coldjoint,

What are you trying to say? The 1% support the President? Poverty has actually decreased from the dismal W years.

1 Reply

@bobsal u1553115,

It not only 'decreased,' but more people are now working - all while the GOP will not approve job creating legislation for over six years!

The results are AMAZING.

Quote:

Jonathan Wright explains why an alternative seasonal adjustment to the jobs numbers indicates that the economy gained 244 thousand jobs last month.

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@cicerone imposter,

These guys act like the banks weren't going south, there were no wars, no terrorism, no increasing unemployment, Wall street wasn't ******* up again, no debt until the President was elected. And the President did his work in the face of hate and an opposition that bragged of how thy were going to make him fail before he was even sworn in.

1 Reply

@cicerone imposter,

Quote:

It not only 'decreased,' but more people are now working

Quote:

1,154,000 Fewer Americans Working Today Than 6 Years Ago

Quote:

In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of 1,154,000.

Dumbass.
http://cnsnews.com/news/article/ali-meyer/1154000-fewer-americans-working-today-6-years-ago

http://wolfstreet.com/2014/09/08/america-has-lost-over-1-4-million-full-time-jobs-since-2008-thanks-to-the-fed/

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@bobsal u1553115,

The banks are now tougher at giving mortgage loans to home buyers, but they're still gambling with depositor's money on the stock market. The feds need to reign them in, or another financial crisis is in the making.

2 Replies

@cicerone imposter,

The tough new rules Congress gave them pretty much put our savings and pensions back into their pots.

1 Reply

@bobsal u1553115,

The new less liberal (more laissez faire) legislation
enables pot to become a burgeoning new (legal) industry.

That is on the ballot here in Florida next election.
I 'm voting for it!

David

1 Reply

@OmSigDAVID,

I would, too. Particularly when I, a cancer patient have no legal access to it. Let alone the fact that I don't use alcohol but lightly, don't use tobacco or any other drug but pot. It makes pain bearable without making me nod off and drool.

1 Reply

@bobsal u1553115,

Condition your subconscious mind for good health.

1 Reply

@OmSigDAVID,

I always have. I genuinely look 15 -20 years younger than I am. I walk a mile from my home to my shop 3 or 4 times a week. I look like a vitamin ad.

1 Reply

@bobsal u1553115,

A, B, C, D or F? Mr. Green

0 Replies

Georgia GOP Senate Candidate: "Sending Jobs Overseas Is The American Way"
Think Progress.org
By Igor Volsky
October 7, 2014

'Senate Candidate: Sending Jobs Overseas Is The American Way"

Most business people who run for public office emphasize their record of creating private sector jobs for the people they hope to represent.
But David Perdue, Georgia's Republican candidate for Senate, is taking an entirely different tact. bragging about the jobs he sent overseas.

Responding to reporters on Monday about revelations that he outsourced jobs during his career as a corporate executive, Perdue argued that offshoring "is a part of American business,
part of any business," adding, "I'm proud of it."

According to July 2005 deposition obtained by Politico, Perdue admitted that he
"spent most of my career" outsourcing jobs and shifting "manufacturing operations to lower-cost foreign factories, especially in Asia," while serving as CEO of a North Carolina textile manufacturer called Pillowtex Corporation.

Perdue added that he also moved parts of the manufacturing process to Asian countries while working with Kurt Salmon Associates, Gitano, and Sara Lee.

More:
http://www.thinkprogress.org/election/2014/10/07/3576809/senate-candidate-sending-jobs-overseas-is-the-american-way/
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0 Replies

Quote:

According to July 2005 deposition obtained by Politico, Perdue admitted that he
"spent most of my career" outsourcing jobs and shifting "manufacturing operations to lower-cost foreign factories, especially in Asia," while serving as CEO of a North Carolina textile manufacturer called Pillowtex Corporation.

People have to earn a living. Hear that Rex?

1 Reply

@cicerone imposter,

cicerone imposter wrote:

The banks are now tougher at giving mortgage loans to home buyers, but they're still gambling with depositor's money on the stock market. The feds need to reign them in, or another financial crisis is in the making.

Nonsense. U.S. corporations are far less dependent on banks than their counterparts in Europe or Asia. A much larger share of their capital is from investors. Corporate lending to corporations has been relatively low for the past several years as a result of the hoarding of cash by corporations that are unwilling to invest their resources in an increasingly regulated economy governed by an administration that doesn't really like businesses that aren't dependent on them or under their control, the regulatory behavior of which is very hard toy predict, It is a perfect formula for preventing investment in new businesses and job creation.

1 Reply

@georgeob1,

However, it's really funny how job growth has been steadily growing while investments have also been growing - especially in Silicon Valley.

From bea.gov.

Quote:

Real nonresidential fixed investment increased 9.7 percent in the second quarter, compared with an increase of 1.6 percent in the first. Investment in nonresidential structures increased 12.6 percent,
compared with an increase of 2.9 percent. Investment in equipment increased 11.2 percent, in contrast to a decrease of 1.0 percent. Investment in intellectual property products increased 5.5 percent, compared with an increase of 4.6 percent. Real residential fixed investment increased 8.8 percent, in contrast to a decrease of 5.3 percent.

All trends in investments is higher than GDP growth.

On Silicon Valley. From Silicon Valley Tech Venture Capital Almanac.

Quote:

And when we look at data across the entire San Francisco Bay Area, it is clear that the Silicon Valley tech hub is the 800 lb. gorilla when it comes to both venture-backed tech financing and exit activity. Since the start of 2009, venture capital firms have deployed $31.5 billion across 3,308 deals into Silicon Valley-based tech startups. In fact, Silicon Valley has consistently taken over 40% of venture capital deals and over 50% of funding to tech startups across seven major U.S. venture hubs including New York and Massachusetts.

1 Reply

@cicerone imposter,

You are comparing % changes to investment levels. This has been the slowest recovery from a serious recession in two generations. Investment levels have been unusually low for a long time, and economic growth very tepid. Labor force participation rates are unusually low, and there's a lot of concern we may be slipping in to another recession.

A small bump in one quarter up from persistent low levels doesn't count for much.

1 Reply

@georgeob1,

Percentage plus $31.5 billion in investments. That's quite an impact to our area in job creation for the whole country.

2 Replies

@cicerone imposter,

From cbinsights.com.

Quote:

Silicon Valley doubles funding and deal volume in the last five years. The internet and mobile sectors attract the lion’s share of funding in the region.

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Some believe that Silicon Valley is the only relevant market for technology investing, and it appears the region’s dominance is only increasing with both deal volume and funding doubling in the last five years.

This analysis provides an in-depth look at the tech financing and exit landscape in Silicon Valley as well as the investors and companies fueling the Silicon Valley tech startup ecosystem.

Silicon Valley tech saw both deals and funding more than double in 2013, compared to 2009. On the funding front, investment dollars have risen 110% and deal volume has climbed 114%. The steepest growth was seen on a YoY basis from 2010 to 2011, with an 89% increase in investment over a one year period. This was largely driven by several very large deals, including Facebook’s $1.5B Series E and Twitter’s $400M Series G. That year also saw a huge increase in $50M+ deals with 25 in 2011 compared to 10 in 2010 and 11 in 2009.

We may only be a little over halfway through 2014, but 2014 has already set a new funding record with $11.66B already invested in over 800 deals, and 44 deals at $50M+. Several large deals this year include Uber’s $1.2B Series D in June, Cloudera’s $900M Series F in March, and AirBnB’s $475M Series D in April.

0 Replies

@coldjoint,

Non responsive BS.

0 Replies

Congratulations, House Republicans!

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