What's new

GOP Presidential candidates MIA in debt ceiling talks

don't try to reverse the victim card most of these layoff just gave companies more profit. Our country is sputtering what would you like to see?

So when I lost 70K over 2 years because I did everything in my power to keep as many employees as possible. I was still money grabbing when I eventually laid most of them off? Fact is I could have saved myself a bunch of money by making the smart decision earlier. I probably could have kept a couple more employees in the long run if I had done so. As it was I was far to loyal to my employees and did not want to lay them off so waited until I had little choice left. It cost me money and some of my better employees jobs that I might have saved with a better decision earlier. All companies go through these same decisions before laying people off. It is rarely if ever a money grab once a company lays people off. It is much more likely that it just was not possible to keep them.
 
While I don't agree with Mr. Begone on most points, there is a phantom hiring epidemic in multi-nationals used to placate the government in good times, that comes crashing down in bad times. Just jobs that aren't needed for the bottom line, but exist to help the government unemployment numbers to look better in average or good times. It's corporate welfare essentially, but not in the way most people use those terms together . Fascism only works well when both the government and corporate world appear strong after all. They both tend to hire at times for no other reason than to hire. And they both have enough money where it doesn't matter that they do so.
 
What really wears me down and depresses me, is when I hear things like, "DC can't control spending" or Republicans "complain" about "give government, deficits, raising the debt ceiling, and the economy."

I just struggle to have any confidence in what they're saying. Republicans over the past 20-30 years have grown government more than anyone else. We can control spending, just look at the mid-late 90's under Clinton. But of course, the focus that the GOP wants on Clinton is on how he banged some intern.

Deficits? they love them. Where was the concern over the deficit when they pushed through "shock and awe" in iraq? Or when they created huge deficits with the tax cuts? Debt Ceiling? Wasn't an issue under Bush, as they seemed to raise it annually. The economy? Where was all this concern over the past decade? Perhaps they should have thought about the economy and the retiring baby boomers instead of questioning Kerry's boat, or wasting time in Iraq, or telling Americans to 'spend more.'

The GOP right now, is preaching that the Demos have created this mess. That the only way out is following the GOP and the tea party to greatness.

LOL... The only possible comparison would be if Ryan Leaf published a book called, "How to be a successful Professional QB." Or Shaq published a book on FT shooting.

The sad thing is, I think this country is either going to follow these jokes, or we're going into default.
 
So, what exactly happens if we go into default? Will the Chinese move in and own everything all of a sudden?
 
So, what exactly happens if we go into default? Will the Chinese move in and own everything all of a sudden?

https://www.cnn.com/2011/POLITICS/07/31/debt.talks/index.html?iref=BN1&hpt=hp_t1



If Congress fails to raise the current $14.3 trillion debt ceiling by Tuesday, Americans could face rising interest rates and a declining dollar, among other problems.

Some financial experts have warned of a downgrade of America's triple-A credit rating and a potential stock market plunge. The Dow Jones Industrial Average dropped for a sixth straight day on Friday.

Without an increase in the debt limit, the federal government will not be able to pay all its bills in August. President Barack Obama recently indicated he can't guarantee Social Security checks will be mailed out on time.

In Afghanistan on Sunday, Joint Chiefs of Staff Chairman Adm. Mike Mullen was unable to assure U.S. troops they would get their paychecks following the Tuesday deadline without a deal. Mullen said August 15 would be the first payday jeopardized if the United States defaults.

Last week, a Department of Defense official told CNN on condition of not being identified that "it's not a question of whether, but when" military pay gets withheld if no agreement is reached
 
So when I lost 70K over 2 years because I did everything in my power to keep as many employees as possible. I was still money grabbing when I eventually laid most of them off? Fact is I could have saved myself a bunch of money by making the smart decision earlier. I probably could have kept a couple more employees in the long run if I had done so. As it was I was far to loyal to my employees and did not want to lay them off so waited until I had little choice left. It cost me money and some of my better employees jobs that I might have saved with a better decision earlier. All companies go through these same decisions before laying people off. It is rarely if ever a money grab once a company lays people off. It is much more likely that it just was not possible to keep them.

I get the point that not all companies can control their own destiny. But, your company hardly mirror the companies that have put us in this pinch. It is however a domino effect. If big corporations start tightening their belts they not only are laying people off; but, they are also giving out bad economic signs to those who they choose to keep. How confident would you be about buying a new car or house if you are working at ATK? There are plenty of businesses that are sitting on their excess capital. They are holding it over politicians heads like a type of bribe. If they see the types of deregulations and legislation that they want they might start investing. These big corporations are crooks.
 
Is there anyway we could make Lula be President? He brought Brazil out of the third world pretty quickly. Maybe he could bring us out of it too?
 
Talk about undermining your own credibility.

If I was not aware of the mechanics of default in this regard, how is that not a valid question? It is obvious how it affects companies and individuals, but it is anything but intuitive when it comes to an entity the size of a national government. If you default on your auto loan, they repossess your auto. If you default on your mortgage, the bank takes ownership of it. China holds the lion's share of our debt, so if we default I wondered if they would somehow "own" America, to drastically over-simplify.
 
China holds the lion's share of our debt

This isn't even true. It's a pretty massively shared misconception for some reason. Right up there with "The United States doesn't make anything anymore."

graph.jpg
 
True story that some may find shocking given my board reputation as some kind of super-liberal:

I am so dissatisfied with Obama that I would consider voting for the right GOP candidate in the 2012 election at this point. It wouldn't be Palin/Bachmann/Newt/Paul or anyone of that ilk. But I might be persuadable in the instance the GOP candidate was Romney or Huntsman.

saw this over the weekend, and I think she makes some good points, and I agree with much of what she writes - - maybe it'll strike a chord or two for you.

They've Lost That Lovin' Feeling
Obama still has supporters, but theirs is a grim support.

https://online.wsj.com/article/SB10001424053111904800304576474620336602248.html

...I want to talk about something that started to become apparent to me during the debt negotiations. It's something I've never seen in national politics.

It is that nobody loves Obama. This is amazing because every president has people who love him, who feel deep personal affection or connection, who have a stubborn, even beautiful refusal to let what they know are just criticisms affect their feelings of regard. At the height of Bill Clinton's troubles there were always people who'd say, "Look, I love the guy." They'd often be smiling—a wry smile, a shrugging smile. Nobody smiles when they talk about Mr. Obama. There were people who loved George W. Bush when he was at his most unpopular, and they meant it and would say it. But people aren't that way about Mr. Obama. He has supporters and bundlers and contributors, he has voters, he may win. But his support is grim support. And surely this has implications.

The past few weeks I've asked Democrats who supported him how they feel about him. I got back nothing that showed personal investment....

...Why is Mr. Obama different from Messrs. Clinton and Bush? "Clinton radiated personality. As angry as folks got with him about Nafta or Monica, there was always a sense of genuine, generous caring." With Bush, "if folks were upset with him, he still had this goofy kind of personality that folks could relate to. You might think he was totally misguided but he seemed genuinely so. . . . Maybe the most important word that described Clinton and Bush but not Obama is 'genuine.'" He "doesn't exude any feeling that what he says and does is genuine."

...Mr. Obama seemed brilliant at politics when he first emerged in 2004. He understood the nation's longing for unity. We're not divided into red states and blue, he said, we're Big Purple, we can solve our problems together. Four years later he read the lay of the land perfectly—really, perfectly...

The fact is, he's good at dismantling. He's good at critiquing. He's good at not being the last guy, the one you didn't like. But he's not good at building, creating, calling into being. He was good at summoning hope, but he's not good at directing it and turning it into something concrete that answers a broad public desire.

maybe something in his unusual upbringing makes it seem that he lacks a more human touch or something, I don't know.

I voted for a Republican for President once - Bush in '88 against Michael Dukakis. Unfortunately, I didn't realize he'd be such a wimpy wuss that he'd allow the Religious Right take over the way they did.
 
We wouldn't stopaying those we are in debt to, we'd stop paying those who we support locally. The first fear was socially security, then other public sector entities including potentially police officers, fire fighters etc.

It is very important that this deal passes, whether anyone likes it or not. The alternative is not an option and the white house knows it. Having a bunch of kamikaze congressmen in the tea party willing to risk the paychecks of everyone in the public sector makes it extremely difficult to negotiate when you are up against a wall. Considering how fragile most families income is, withholding financial support could have been dire.
 
saw this over the weekend, and I think she makes some good points, and I agree with much of what she writes - - maybe it'll strike a chord or two for you.

I don't think that's quite right, and to be honest it (when I say "it" I mean the whole article) reads as more "otherization" of the President of a type I've generally had a toxic reaction to.

To be honest I just don't think he's actually a Progressive. He sold us down the river on too many issues. I legitimately and honestly would vote for Eliot Spitzer over Barack Obama in a democratic primary election right now even though he could never win a general election (it also helps that I just generally don't care about sex scandals, apart from how amusing they are).
 
This isn't even true. It's a pretty massively shared misconception for some reason. Right up there with "The United States doesn't make anything anymore."

graph.jpg

I was thinking of debt held by foreign nations, which is true. China holds the most debt of any single foreign nation.

So in this case, I guess we can all foreclose on America. I say we do it!
 
I was thinking of debt held by foreign nations, which is true. China holds the most debt of any single foreign nation.

That may be what you were thinking, but many many people believe that what you originally said is literally true. You hear it repeated ad nauseum as if China is some great boogie man that will come and turn all our baseball parks into Panda Express'.
 
But even "China" in terms of owning debt is not really an accurate description. It's just a bank when it boils down to it. As are most of those other slices of the debt ownership pie.
 
China holds some of our debt as an investment. They are invested because they believe that we can turn this around. That is a smart investment. It isn't like Goldmans, Leiman Brothers, and company that would buy up credit default swaps and then cross their fingers hoping we fail.
 
Back
Top