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38,000 new jobs in May

The bond market usually doesn't lie. Have you noticed the 10 year Treasury has declined from almost 4% to 3%?
 
It's a jobless recovery. Might as well get used to the haves and have nots. We promote ownership and investing income in our economy over labor and it works OK if you own hard assets and not so good if you don't.
 
Double dip is happening to home prices here in CLT, which has been one of the strongest real estate markets through the recession.
 
Ugh. That's a hideously bad number.

I'm one of the many people sitting on a cheap ($150k) home that he wants to sell to buy a bigger home at a discount, but can't sell the cheap home to save my life right now.
 
Well well well all that big supply-side talk about extending tax cuts to spur growth is just a bunch of horseshit, and Obama went along with it. Imagine that. Large corporations are flush with cash. Banks are flush with cash. Small businesses have low taxes. Where are all the jobs? Since goddamn 8 or 9 years ago the job situation has sucked in America. Could it be that 30 years of shitty supply-side lies and flat wages have left the majority of Americans tapped out - and when we most need it consumer spending is low - and no one is buying anything, and now their houses aren't worth shit and they can't even borrow against them like they did for the decade pre-2008?????

Fucking Reagan and all his slurpers since.....:rulz:
 
Even David Stockman wrote in his book that supply side/trickle down was a scam and they all knew it.
 
Well well well all that big supply-side talk about extending tax cuts to spur growth is just a bunch of horseshit, and Obama went along with it. Imagine that. Large corporations are flush with cash. Banks are flush with cash. Small businesses have low taxes. Where are all the jobs? Since goddamn 8 or 9 years ago the job situation has sucked in America. Could it be that 30 years of shitty supply-side lies and flat wages have left the majority of Americans tapped out - and when we most need it consumer spending is low - and no one is buying anything, and now their houses aren't worth shit and they can't even borrow against them like they did for the decade pre-2008?????

Fucking Reagan and all his slurpers since.....:rulz:

The corps and banks are sitting on huge cash balances and don't seem to want to budge. Lower taxes on small business don't hurt the labor market, however, if you raise their taxes, owners are going to be even less likely to hire because it is money out of their own pocket.
 
The corps and banks are sitting on huge cash balances and don't seem to want to budge. Lower taxes on small business don't hurt the labor market, however, if you raise their taxes, owners are going to be even less likely to hire because it is money out of their own pocket.

First of all less than 2% of small busnineses NET over $250,000/year.

Next if your business makes over $500,000/year and let's say taxes are 3% higher. This means you'd have $15,000 less. If you have $500,000, there's NO ONE you can't hire with $485,000 that you can hire with $500,000.

It's a 100% total scam.

If you look at corporate taxes, a very successful big company will make 6-10% profit form sales. Let's say 10%.

At 35% you are talking about 3.5% of sales. If you cut taxes by 20% you are talking about .8 of 1% of sales. IF your company needs that .8 of 1%, you cna raise your prices without any negative repercussions.
 
Double dip is happening to home prices here in CLT, which has been one of the strongest real estate markets through the recession.

The drop came later in Charlotte, but it came. Charlotte got torched with the rest of the country.
 
Double dip is happening to home prices here in CLT, which has been one of the strongest real estate markets through the recession.

The drop came later in Charlotte, but it came. Charlotte got torched with the rest of the country.

Damn right it did. I've lost about $50,000 grand on my house in CLT. Be nice to finally get it off of my hands someday.
 
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