- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
So, the only thing holding the economy back is insufficient executive edicts?
Posted on 5/5/14 at 10:01 am
Posted on 5/5/14 at 10:01 am
And, if Obama just keeps enacting them, it will solve everything.
LINK
quote:
That’s why, in my State of the Union Address, I said that in this Year of Action, whenever I can act on my own to create jobs and expand opportunity for more Americans, I will. And since January, I’ve taken more than 20 executive actions to do just that.
I acted to raise more workers’ wages by requiring that workers on new federal contracts earn a fair wage of at least $10.10 an hour – and as long as Republicans in Congress refuse to act, I’ll keep working with cities, states, and businesses to give more Americans a raise. I acted to encourage more pay transparency and strengthen enforcement of equal pay laws, so that more women have the tools they need to earn fair pay. And I’m modernizing regulations to make sure that more Americans who work overtime get the pay that they’ve earned. I’ve launched new hubs to help attract more high-tech manufacturing jobs to America – and ordered a reform of job training programs to make sure more Americans can earn the skills that employers need right now. I’ve brought together business leaders to help us connect more classrooms to high-speed internet, and give more of the long-term unemployed a better shot at finding a job.
Each of these steps will make a difference. You can check out the full list at whitehouse.gov.
LINK
4
Posted on 5/5/14 at 10:04 am to Y.A. Tittle
Well he realizes that presidents get the blame for an economy they can't hope to direct. Maybe positioning himself to take the credit (which they also usually get--for no good reason).
Posted on 5/5/14 at 10:14 am to Navytiger74
quote:
Well he realizes that presidents get the blame for an economy they can't hope to direct
So then why put together an economic development plan at all? Are you saying fedgov has no impact on the overall economy? Especially when it comes to obstructing commerce? Or maybe when it comes to funding pet projects?
Presidents get credit and blame for good reason: they are the leader. What Obama has failed to do in his presidency is lead. What he has also failed to do is give businesses the confidence they need that the government won't change the rules on them as they make investments.
Posted on 5/5/14 at 10:27 am to ironsides
quote:
Presidents get credit and blame for good reason: they are the leader
The president's "leadership" over the economy is very, very, very limited. Private actors, vested interests, statuatory entitlements, and congress have a lot more to do with our economy than a president. As an aside, he also doesn't set monetary policy (some seem confused about that). Occassionally, some token issue or another with with economic implications will find itself essentially hung up by the WH or EPA (coal, ANWAR, Keystone). What do you thik the actual impact of these "huge" projects will be as a percentage of a $16T economy?
And in case you haven't been watching the news, businesses are doing just fine if their balance sheets are any indication.
Posted on 5/5/14 at 10:37 am to Y.A. Tittle
Note that all of his solutions = giving people money. None of the solutions involve removing obstacles from businesses which would give them the confidence to expand and hire.
Posted on 5/5/14 at 10:46 am to Navytiger74
quote:
Private actors, vested interests, statuatory entitlements, and congress have a lot more to do with our economy than a president.
I understand your point, but Obama's administration hasn't given corporations much confidence when it comes to investing. Obama's administration has picked winners and losers and enforces regulations selectively. It obfuscates risk.
quote:
And in case you haven't been watching the news, businesses are doing just fine if their balance sheets are any indication.
By balance sheet, I assume you mean cash? Because in case you haven't been checking the facts that are reported to you, corporate debt outstanding is also at a record high.
In fact, cash relative to corporate debt outstanding is at a 15 year low. Corporations have been using this record debt to buy back stock. They haven't been using it to really invest in projects that result in job creation. It's for a good reason too. The American public is overleveraged. People aren't able to save. Those that work are being taxed more to finance those that don't (whether it's for good reasons or not). Furthermore, workers are being demonized for working while their take-home pay to spend on discretionary items are decreasing. Meanwhile, people are dropping out of the labor force at the highest rate ever, while nobody has saved for retirement.
ALL of these symptoms of a shitty economy driven by (not limited to) :
- Higher taxes (including the Obamacare)
- Increased regulations (private institutions spending on compliance as opposed to investment in new projects)
- Increased risk due to selective enforcement of regulations
- Higher prices driven by both raw commodity prices (not impacted by government, but certainly by Federal Reserve Bank) and taxation (definately controlled by government)
So excuse me when I don't dance in the streets for the current economy, and also excuse me when I don't give any President - past or present - a pass on the economy.
This post was edited on 5/5/14 at 11:11 am
Posted on 5/5/14 at 10:48 am to Zach
quote:
Note that all of his solutions = giving people money.
Right. That's sort of my question. Is the only roadblock to a thriving economy the lack of edicts forcing businesses to give people more stuff?
Posted on 5/5/14 at 11:12 am to Y.A. Tittle
His focus continues to be on pay rather than actual jobs and he wonders why the economy just can't get clicking.. Geez .. At this point it's blatantly obvious that all he cares about are elections.. Since he can't put the onus on jobs and the economy he shifts to pay as some cure all in hopes of duping enough people in November once again
Posted on 5/5/14 at 11:36 am to ironsides
quote:
By balance sheet, I assume you mean cash? Because in case you haven't been checking the facts that are reported to you, corporate debt outstanding is also at a record high.
In fact, cash relative to corporate debt outstanding is at a 15 year low. Corporations have been using this record debt to buy back stock.
Well I actually meant cash, profits, and market value, but your data and points on the subject are valid. I wasn't tracking on total coporate debt. And I'll be the first to concede that what recovery we've had hasn't trickled down to the working people. You referenced "business" however. And I believe that businesses (at least mid-large sized ones) are doing fine. I also believe that their decisions re: investment, expansion, increased production (etc) aremore driven by demand than by changes in tax or regulatory policy. If the demand is there, businesses find a way to meet it. Patent infringement litigation and other hazards haven't prevented Samsung from cranking out more and more product because people are buying what they're selling.
quote:
- Increased regulations (private institutions spending on compliance as opposed to investment in new projects)
- Increased risk due to selective enforcement of regulations
Executive funtions.
quote:
Higher taxes (including the Obamacare)
Higher prices driven by both raw commodity prices (not impacted by government, but certainly by Federal Reserve Bank) and taxation (definately controlled by government)
Legislative and Fed functions.
Posted on 5/5/14 at 12:00 pm to Navytiger74
quote:
And I'll be the first to concede that what recovery we've had hasn't trickled down to the working people
That's the biggest problem in my opinion.
quote:
And I believe that businesses (at least mid-large sized ones) are doing fine
Yeah, but they don't create as many jobs as the small businesses.
quote:
I also believe that their decisions re: investment, expansion, increased production (etc) aremore driven by demand than by changes in tax or regulatory policy.
Agreed, however would you concede that the demand has a corresponding relationship to discretionary spending? What I mean is that the average Joe has less to spend outside of what it costs to "wake up in the morning" (food, shelter, utilities, getting to / from work).
All I'm saying is that the economic policies of the current administration have had a negative impact on discretionary spending, which limits demand.
quote:
Patent infringement litigation and other hazards haven't prevented Samsung from cranking out more and more product because people are buying what they're selling.
That is one example from one industry, but there are others such as Energy, Healthcare, even in Telecommunications there are regulations that require compliance spending that could be used for investment in other areas.
At least we agree on the fundamental point that average Joe is still hurting.
Posted on 5/5/14 at 1:13 pm to Navytiger74
quote:Probably not the best example. Samsung is one of the largest corporations on the planet. Their economics are vastly different than a start up in the SF Bay.
Patent infringement litigation and other hazards haven't prevented Samsung from cranking out more and more product because people are buying what they're selling.
Posted on 5/5/14 at 1:40 pm to Y.A. Tittle
The only thing holding back the economy is Obama/liberal Dem policies not the least of which is Obamacare/government managed healthcare.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News