Obama is a complete failure when it comes to unemployment and jobs

[her209]

Lulz. Greedy American corporations have moved their manufacturing operations offshore and cut wages for their domestic operations as much as possible because greedy American unions demand higher and higher wages while greedy American consumers demand lower and lower prices. If American corporations didn't do everything possible to minimize their overhead, greedy foreign corporations would, and the American corporations would be out of business.

Every player in the game is looking to increase their profits. Greed is the entire driving force behind capitalism.

Three things:

1)
Only 11.9% of the working population is unionized. That includes the public and private sector. If you separate out the two, public sector is 36.2% and private sector is at a measly 6.9%.

Source: link

2)
Wages have been stagnant, rising only 13.2% for the median family income since 1992.

3)
You left out the shareholders. A company has a fiduciary responsibility to the shareholders, but what's been happening is a a race to the bottom. If US company A moves its customer support operations to India because its cheaper, then US company B feels it has to do the same to level the playing field. Meanwhile, the price of the product never goes down, just the quality of support. If B doesn't follow in A's footsteps, then the share price inevitably suffers, thus requiring a change in leadership and/or shareholders dumping B's stock for A's stock.

Its the same mentality that got the big banks into trouble in the housing market. Bank A is making huge profits giving out subprime loans to afford them. Bank B's executives can either start giving out those subprime mortgages to people and make huge profits or see their stock price fall and shareholders jump ship. In the end, subprime mortgages almost killed them if not for the US government bailing them out.

Now if a large majority of US company keeps outsourcing the jobs where it can, who do they think will have a job left to buy their products when the unemployment rate goes to 20%, 30%, 40%, 50%, 60%, etc.?

 

[ProfJohn]

Let me guess this straight. Profjohn got a USDA mortgage (Does it come with a steak?) and he's Republican? LOLOLOLOLOLOL. Just another misguided idiot.

And your a Democrat and you got a tax return? hahaha

What kind of dumb-ass statement was that?

Liberals think government should have more money, but they get tax returns.
Conservatives think we should have smaller government, but they take advantage of government programs when they can.

Are both sides hypocritical? Or are they just dealing with reality?

 

[ProfJohn]

If you think Obama is such a failure, what were you expecting of him that he hasn't already done?

I would expect that he would NOT pass a healthcare bill that most Americans oppose and that is a job killer.

I would expect that he would NOT have the EPA push regulations that will raise the cost of energy up to 20% in some areas.

I would expect that he would NOT have the NLRB tell Boeing they can't open a new plant because it doesn't have a union.

I would expect that instead of pushing job killing ideas he would instead be looking for job creating ideas. Two and a half years in office he is still trying to come up with new ways to create jobs when he should have started from day one.

Instead of chasing the liberal dream of nationalized healthcare they should have been creating jobs. At the end of the day a presidents success or failure is almost always judged on the performance of the economy while they are in office and at this point Obama is a failure.

 

[nobodyknows]

I would expect that he would NOT pass a healthcare bill that most Americans oppose and that is a job killer.

I would expect that he would NOT have the EPA push regulations that will raise the cost of energy up to 20% in some areas.

I would expect that he would NOT have the NLRB tell Boeing they can't open a new plant because it doesn't have a union.

I would expect that instead of pushing job killing ideas he would instead be looking for job creating ideas. Two and a half years in office he is still trying to come up with new ways to create jobs when he should have started from day one.

Instead of chasing the liberal dream of nationalized healthcare they should have been creating jobs. At the end of the day a presidents success or failure is almost always judged on the performance of the economy while they are in office and at this point Obama is a failure.

LOL, expect in one hand and shit in the other. See which one gets full the quickest.

 

[Acanthus]

I would expect that he would NOT pass a healthcare bill that most Americans oppose and that is a job killer.

I would expect that he would NOT have the EPA push regulations that will raise the cost of energy up to 20% in some areas.

I would expect that he would NOT have the NLRB tell Boeing they can't open a new plant because it doesn't have a union.

I would expect that instead of pushing job killing ideas he would instead be looking for job creating ideas. Two and a half years in office he is still trying to come up with new ways to create jobs when he should have started from day one.

Instead of chasing the liberal dream of nationalized healthcare they should have been creating jobs. At the end of the day a presidents success or failure is almost always judged on the performance of the economy while they are in office and at this point Obama is a failure.

There is no question among all sane economists that healthcare is not a huge drag on the US economy. It isn't much of a logical leap either. If Americans are spending twice as much money for shittier care (so more complications and they get sicker more often) in an economy that is based on peoples disposable incomes being spent on goods... It is not efficient to burden them with gigantic medical bills.

Even now, if i break my leg, I will have to declare bankruptcy. And hell now i can't even get out of medical bills or college loans... I simply wont be able to pay them in any reasonable window of time.

 

[Acanthus]

And your a Democrat and you got a tax return? hahaha

What kind of dumb-ass statement was that?

Liberals think government should have more money, but they get tax returns.
Conservatives think we should have smaller government, but they take advantage of government programs when they can.

Are both sides hypocritical? Or are they just dealing with reality?

Extreme versions of neither system work. It is overwhelmingly apparent to most people.

 

[theevilsharpie]

1) Only 11.9% of the working population is unionized. That includes the public and private sector. If you separate out the two, public sector is 36.2% and private sector is at a measly 6.9%.

Source: link

When I mentioned unions, I was referring to labor in general. However, I think you've helped make my point. The two private-sector industries with the highest existing unionization rates (construction and manufacturing) are the the industries with the highest rate of pay for non-professional labor. They also have the highest rate of unemployment in the US today.

Coincidence?

 

[Acanthus]

When I mentioned unions, I was referring to labor in general. However, I think you've helped make my point. The two private-sector industries with the highest existing unionization rates (construction and manufacturing) are the the industries with the highest rate of pay for non-professional labor. They also have the highest rate of unemployment in the US today.

Coincidence?

No, it isn't a coincidence. Companies have offshored unskilled labor.

However, one could argue that this incentive would still be there if they weren't unionized, because they are working for well under minimum wage overseas.

 

[theevilsharpie]

I would expect that he would NOT pass a healthcare bill that most Americans oppose and that is a job killer.

I would expect that he would NOT have the EPA push regulations that will raise the cost of energy up to 20% in some areas.

Please explain how these will have any impact on the number of jobs available.

I would expect that he would NOT have the NLRB tell Boeing they can't open a new plant because it doesn't have a union.

This one is just a complete load of shit.

I would expect that instead of pushing job killing ideas he would instead be looking for job creating ideas. Two and a half years in office he is still trying to come up with new ways to create jobs when he should have started from day one.

Instead of chasing the liberal dream of nationalized healthcare they should have been creating jobs. At the end of the day a presidents success or failure is almost always judged on the performance of the economy while they are in office and at this point Obama is a failure.

"pushing job-killing ideas"
"creating jobs"
"new ways to create jobs"

Could you possibly be any more vague?

 

[theevilsharpie]

However, one could argue that this incentive would still be there if they weren't unionized, because they are working for well under minimum wage overseas.

One could make that argument. However, working in the US has its own advantages (political stability, respect for IP laws, developed infrastructure, easier logistics, etc) which could make up for the higher wage if the wage disparity between US and offshored labor weren't so great.

 

[ProfJohn]

There is no question among all sane economists that healthcare is not a huge drag on the US economy. It isn't much of a logical leap either. If Americans are spending twice as much money for shittier care (so more complications and they get sicker more often) in an economy that is based on peoples disposable incomes being spent on goods... It is not efficient to burden them with gigantic medical bills.

Even now, if i break my leg, I will have to declare bankruptcy. And hell now i can't even get out of medical bills or college loans... I simply wont be able to pay them in any reasonable window of time.

All of that might be true.

And yet the bill passed by Obama does nothing to reduce healthcare costs.

In fact the net effect of the bill should be higher healthcare costs as a country because more people will have healthcare which means more people will use it which will result in more overall health spending.

 

[Acanthus]

All of that might be true.

And yet the bill passed by Obama does nothing to reduce healthcare costs.

In fact the net effect of the bill should be higher healthcare costs as a country because more people will have healthcare which means more people will use it which will result in more overall health spending.

I agree with you, however, i'm sure you don't agree with my solution.

Nationalizing all hospitals and taking the profit out of people's suffering.