Where is the US economy headed?

Future Debt

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One way to turn things around and improve our economy:

http://thinkprogress.org/wp-content/uploads/2009/12/DrillHereDrillNow.jpg

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Small businesses fear government

By Neal Boortz

Small businesses are responsible for most of the economic growth in our nation. Considering this fact, this figure doesn’t bode well for our economy or those looking for work: A recent Gallup Poll shows that 85% percent of small business owners say that they are currently not looking for any new workers

Why are they not hiring? Of those who said they were not hiring, 48% cited their concern about possible rising healthcare costs (Read: ObamaCare). Another 46% said that they were worried about new government regulations. Who can blame them? The economy, of course, is also a huge factor.

And here’s one more interesting stat: 71% of small businesses surveyed said that revenues from sales wouldn’t justify hiring additional workers. The cost of employing people, thanks to government regulations, is not worth it to an employer, even if they are successful at generating revenue.

That’s sad, but not surprising. Here are just two stories that I want you to read about small businesses and the government red tape yaksqueeze they have to endure:

Pizza shop owner's $5G fine for shirt gaffe spurs push for appeal process

Before Ice Cream Shop Can Open, City’s Slow Churn

There are countless stories of businesses having to endure the burdensome reach of our government. Government is impeding growth, rather than fostering a positive growth environment.

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New 1st-time unemployment claims dropped below 350k this week. That's a good sign that hiring is continuing to rise across the country.

http://m.static.newsvine.com/servista/imagesizer?file=steve-benen2174CD0D-4B62-E1DE-0EFE-D58C5EE887E5.jpg&width=600

Cycloptichorn

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Obama said he would work to reduce oil production in this country and has done this...
I predict this will come back to bite him in the ass early this November.

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So why has oil production risen every year since Obama took office, while it went DOWN every year Bush was in office. Why have 75000 jobs in the oil industry been created while Obama has been in office. Why did the US export more oil than it imported last year? And in line with that, why did GM (ex-"Government Motors") just announce record profits last year? Why are US car companies starting to rehire laid-off third shift workers, also in the news this week? Voted this post down, already, eh, H2? Truth hurts, doesn't it?

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@MontereyJack,

The private sector has stepped up production despite Obama's efforts... thank god.

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Yeah, right. (sarcasm alert).

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When even Fox News tells H2O he's full of ****, you KNOW he is. Cut to Juan Williams:

Quote:

There is no ignoring that the improvement in Michigan’s economy is due in large part to President Obama's decision to rescue the American auto industry in 2008. The industry is the lifeblood of the state's economy. Iconic American car companies -- Ford, Chrysler and General Motors -- were in imminent danger of bankruptcy. If they had been allowed to go under, Michigan's economy would have been decimated and their unemployment rate would have skyrocketed.

The auto rescue championed by the president was vigorously opposed by the Republicans as a "bailout" and a case of government "picking winners and losers."

Now the car companies have begun to get their financial house in order. General Motors was back on top as the No. 1 car company in the world last year. This was the message behind Clint Eastwood’s “Half-time in America” commercial for Chrysler during the Super Bowl.

This is also why Vice President Joe Biden tells people in private that his shorthand for the 2012 campaign will be "Bin Laden is Dead, General Motors is Alive." President Obama took the political risk and saved the industry and he is starting to get credit from the voters.

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@Cycloptichorn,

The good news is that manufacturing is growing again in the US; that's a good sign of our recovery.

Also of interest is that occupancy rates in Silicon Valley are also increasing. High tech companies are hiring again.

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@MontereyJack,

MJackoff, you are the one who is spewing lies here.

You have a really bad case of projectile diarrhea.

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All the FACTS, all the time, that's me, H2. Sorry you live in your little cocoon (you ain't gonna be a butterfly when you come out, by the way. Moth all the way, baby).

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@MontereyJack,

I'm empathetic to your sad situation in life, MJ, but damn you're dumb.

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http://1.bp.blogspot.com/-pVOPDdwkdjg/TzwtKPC-V2I/AAAAAAAAEI4/30siFRWyexY/s1600/Gas+Prices.png

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@cicerone imposter,

cicerone imposter wrote:

The good news is that manufacturing is growing again in the US; that's a good sign of our recovery.

The manufacturing numbers out today were somewhat positive. Obama went to Milwaukee yesterday to visit a Masterlock factory which just "in-sourced" 100 jobs; doing work that had previously moved to China. Critics will be quick to point out that 100 jobs is a mere pittance.
NPR did a story yesterday on the visit and noted that a worker (a) said that while production is up, there are 1/3rd the number of workers as there were in the mid-1980's and (b) - pointing to a machine - said that it could assemble the lock IN 2.1 SECONDS. 2.1 SECONDS.
Blaming our lack of manufacturing jobs on the Chinese is one thing but the real enemy is probably the rapidly advancing technology involved in the manufacturing process.

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@realjohnboy,

There is a big need for locks that are used to lock-up business locations that have
been harmed by Obamanomics...Masterlock is in the right place at the right time.

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@realjohnboy,

Quote:

Blaming our lack of manufacturing jobs on the Chinese is one thing but the real enemy is probably the rapidly advancing technology involved in the manufacturing process.

You pre-judge there rjb by saying "enemy". We invent all this **** so why should be have to work it as well.

We've even fixed it so that all it needs is "hands" to do the menial stuff. We just eat it, wear it and play with it. Who else could have turned crude oil, which must have been a problem if it welled up, into a bright red and stark yellow tick-tock hickerydock toy clock which chuckled. Even if anybody else but our Christian culture had managed that fantastic feat they wouldn't have known why it ran down and how to get it going again. Isn't that right ladies?

What do you want to get all our noses back to the grindstone for? Is it your business instinct?

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@spendius,

The actual problem has been that while our factories have installed more computerized machinery to increase productivity during the past two decades, the worker's pay and benefits have remained stagnant while the CEO's and officers gained ten fold (and more).

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@cicerone imposter,

You do know don't you ci. that the great robber-barons whose names are famous justified themselves by saying that the more money and power they had the faster the country would grow.

I imagine the index of worker's pay will show a slow but steady growth getting steeper by October and peaking in December.

You won't get me to weep at the fate of the American worker. Never was there another such pampered worker in the whole history of the world. Senor Michelangelo di Lodovico Buonarroti Simoni indeed would have considered swapping places with a Detroit windscreen fixer I should think.

Those pilgrims must be whirling in their graves to hear you moaning and groaning. And their travel agents were woeful compared to yours.

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@spendius,

You wrote,

Quote:

Never was there another such pampered worker in the whole history of the world.

That's because you really don't know what you are talking about. For many years, the American worker was the most productive in the world. You guys in Europe sit on your asses, and wants to get all the pay and benefits - except in Germany. That's the reason why the German economy is the strongest in Europe.

The following is from the BBC.

Quote:

US workers top productivity table

US workers are 14% more productive than the best of the rest
Workers in the US are still more productive per person than any others in the world, the International Labour Organisation (ILO) says in a report.
In 2006 each US worker produced $63,885 (£31,651) of wealth, well ahead of second placed Ireland at $55,986.

But East Asian staff are the most improved - they are now twice as productive as they were 10 years ago.

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Where is the US economy headed?

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