What happened to all of the doom and gloom economic threads?

[unregistered]

 

[Sean Renaud]

Why doesn't that comic show me how many people could afford it? Especially since the rich STILL get option A under Obamacare a lots of people can choose between nothing and option D.

 

[unregistered]

 

[richard_daily]

Tell Tubbs the market closed down 206 today.

You said the market wasn't the economy. Or is that just when the market is up?

 

[mercury14]

Tell Tubbs the market closed down 206 today.

Why are you smiling?

 

[RobDownSouth]

Tell Tubbs the market closed down 206 today.

Tell me yourself, coward.

Market is still up for the week overall.

p.s. tell us again your theory that a stock is technically a loan to a company, with a guaranteed replacement price. Oh wait...

Well, technically, if you read it, it does not say the money is owed, just that the government holds the stocks and can be counted upon to hold them for as long as Obama is President and CEO of Government motors.

Just admit you're wrong vette and give the peanut gallery a woody.

 

[koalabear]

Tell Tubbs the market closed down 206 today.

I hate to see him cry, his multiple chins wobble.

 

[unregistered]

 

[RobDownSouth]

He was lecturing somebody yesterday about a 106 point uptick, I thought I'd relay the news that the market saw that 106 pulled another hundred off the table.

Actually I was pointing out to the koalapunk that the market had two straight 100+ point days. Being a Vietnam-era marine, you couldn't acknowledge the gains, but hey, one down day and you're right back here, medals jangling.

I noticed that you refuse to acknowledge the tremendous overall stock market gains that have occurred since President Obama took office. In fact, I seem to recall you agreeing with your "ladylove" Karen Kraft that the market was heading down to 5,999 territory (great prediction, eh?).

It's okay though, many Vietnam-era marines such as yourself have a difficult time grasping reality.

 

[unregistered]

 

[Adre]

Market is still down about 300 points since the end of May.

Why should I acknowledge the artificial stimulation of the market by the Fed, the hint of which being reduced led to today's loss? Why celebrate a policy that benefits Wall Street at the expense of the economy? What do you think happens when it finally ends? Never mind, you don't know.

You and your buddies conveniently forget where the economy was five years ago. That's okay. I'm better off.

 

[RobDownSouth]

Market is still down about 300 points since the end of May.

Why should I acknowledge the artificial stimulation of the market by the Fed, the hint of which being reduced led to today's loss? Why celebrate a policy that benefits Wall Street at the expense of the economy? What do you think happens when it finally ends? Never mind, you don't know.

The market hit an all-time high at the end of May, and you've established an arbitrary point and declared a trend. Intellectually dishonest.

Hey I have an idea, since you're so fond of arbitrary data points, let's you and I have a little contest:

Starting today, June 19th, do you think the market will go UP or DOWN for the remainder of the year (ending December 31st, 2013)?

I will boldly predict the market will be higher on 12/31/2013.

Let's hear your prediction....if you're man enough.

 

[unregistered]

 

[Sean Renaud]

Does anybody know how long an "or so" is. Normally I'd assume that would extend until the end of January but with LitCons "or so" may mean until QE stops or Obama's out of office or Jen sprouts fairy wings and takes us all to Neverland.

 

[RobDownSouth]

Man enough? has nothing to do with it. I just don't know where it will be at the end of the year. It could be up or down. The FED has said it isn't going to slowdown easing until the unemployment rate hits 6.5%. That isn't going to happen anytime soon, so the stimulation enjoyed by bull market might very well go on for a while, or it might go sideways.

But to play the game. This bull market will be 4 and a half years old by the first of the year, way past the average, so I'll go for a downturn by the end of the year give or take a month or so.

Quoting for posterity and bookmarking this thread.

 

[richard_daily]

Quoting for posterity and bookmarking this thread.

The "month or so" will give him a year or so of wiggle room either way.

"The market was down on March 15th 2014, so clearly things are going badly!"
/vetespeak.

 

[Busybody]

Local Governments Reeling Under ObamaCare Costs

By JOHN MERLINE, INVESTOR'S BUSINESS DAILY


Posted 06/19/2013 08:05 AM ET



When Regal Entertainment Group (RGC) in April blamed ObamaCare for the fact that it was cutting some of its workers' hours, backers of the law mounted a furious backlash against the theater chain, among other things filling its Facebook page with boycott threats.

"Greed and selfishness make me sick," one of them said.

Darden Restaurants (DRI) felt this intense heat last year after suggesting it might shift to more part-time work to minimize the cost of the law's mandate that companies offer coverage to all their full-time workers. CEO Clarence Otis even blamed its lowered outlook for 2013 in part on "recent negative media coverage" over "how we might accommodate health care reform."

Yet while private companies are getting all this unwelcome and hostile attention, local governments across the country have been quietly doing exactly the same thing — cutting part-time hours specifically so they can skirt ObamaCare's costly employer mandate, while complaining about the law in some of the harshest terms anyone has uttered in public.

The result is that part-time government workers — many of them low-income — face pay cuts that can top $3,000 a year, and yet will still be left without employer-provided benefits.

Here is just a small sampling of local news reports about what local government officials are saying about ObamaCare, and the steps they're taking to avoid or minimize its costs.

Phillipsburg, Kan.: "School administrators here say they are alarmed and confounded by the looming new costs they face with the implementation of the Affordable Care Act," according to the Kaiser Health Institute News Service. Chris Hipp, director of a Kansas special education cooperative, warned that ObamaCare's costs "could put us all out of business or change significantly how we do business," adding that "we are not built to pay full health benefits for noncertified folks who work a little more than 1,000 hours a year."

Dearborn, Mich.: "If we had to provide health care and other benefits to all of our employees, the burden on the city would be tremendous," said Mayor John O'Reilly, explaining why the city is cutting its more than 700 part-time and seasonal workers down to 28 hours a week. "The city is like any private or public employer having to adjust to changes in the law."

Indiana: "What I'm seeing across the state is school districts, unfortunately, having to reduce the hours that they are having some of their folks work, primarily so they don't have to worry about the (ObamaCare) penalties, or they don't have to provide them health insurance, which would be very, very costly," said Dennis Costerison, executive director of the Indiana Association of School Business Officials. Ft. Wayne Community Schools, for example, are cutting yours for nearly three-quarters of its part-time aides.


Read More At Investor's Business Daily: http://news.investors.com/061913-66...-to-avoid-obamacare-mandate.htm#ixzz2WkWIRcu5
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

 

[Busybody]

Thug Tyranical Governmet

around the country from our partners

Department of Labor vs. me: Column


Rhea Lana Riner 8:06 p.m. EDT June 18, 2013


My business is being stifled by outmoded dictates from a world I never lived in.


Riner labor photo

(Photo: AFP/Getty Images)



What started as a small family business has now grown to 21 states.
A big part of our
success are the hundreds of parents who voluntarily work brief shifts.
My business didn't become successful because of government assistance.

As a mother of three who has struggled to stick to a family budget, I know the frustration parents feel as they watch children grow out of brand new clothes seemingly overnight. That's why in 1997, I started a kids' clothing consignment business, a little like the ones that are everywhere now but also a little different.

What started as a small family business operating out of our home has grown to 22 states. Now, though, it might all turn out to be illegal, thanks to the bureaucratic thinking of the Department of Labor.

Help a mother out

The business model that parents thought was an innovation, but that Labor sees as a menace, is simple but effective. You might have heard of it: cooperation.

We rent a large space for a few days, say an unused department store. Parents with clothes and children's items to sell sign up online, enter their items into a computerized tracking system and choose their sale price. Then they bring the clothes and other items to the sale location, label them with preprinted price tags and display the clothes. Parents keep 70%; we keep 30%. It is easier than a garage sale, makes more money for parents, and shoppers efficiently find good deals.

A big part of our success are the hundreds of parents — both consignors and shoppers — who voluntarily work brief shifts to help set up before the sale starts. In exchange, these parents get to shop first with more choices and better merchandise.

In January, though, the Department of Labor noticed all this cooperation going on. Months later, investigators concluded that volunteers are "employees" under the Fair Labor Standards Act.

This means paying the federal minimum wage of $7.25 per hour, filling out IRS paperwork and complying with who-knows-what other rules. And all for a pop-up business that lasts days.

Bear-building tyranny

Think about that for a second. I've offered regular parents the same opportunities that eBay gives independent resellers. When I do it in the real world to recycle used clothes, the Department of Labor says no way. That's bunk. My volunteers are not employees or independent contractors. They're customers.

By this dreadful logic, Build-a-Bear Workshop employs child labor when it lets its young customers assemble their own teddy bears.

Unfortunately, as my situation shows, too many new ideas are being held back by rules that are stuck in the past. When the Fair Labor Standards Act was written in 1938, nobody was imagining a collaborative, social business like mine. And I'm far from the only entrepreneur stifled by outmoded dictates from a world I never lived in.

In many states, cutting-edge transportation companies like Uber, which uses smartphones to match sedan drivers with riders, are being threatened by laws written during the era of the rotary phone.

What's clear is that America's entrepreneurs don't need government as a partner. My business didn't become successful because of government assistance; it became successful because my customers like the way I do business.

The economy thrives when entrepreneurs and consumers are allowed to cooperate with one another. If we want the real world economy to thrive as much as the innovative Internet world, entrepreneurs need the same freedom to innovate.

Rhea Lana Riner is the founder and president of Rhea Lana's, Inc.

In addition to its own editorials, USA TODAY publishes diverse opinions from outside writers, including our Board of Contributors.

 

[unregistered]

 

[unregistered]

 

[unregistered]

 

[Busybody]

Jobless claims increased more than forecast last week. Amazing.

why work

when you can get FREE STUFF from ObamaCO



SUMMER RECOVERY!


Opps

That was in 2010, and 2011 and 2012

 

[unregistered]

 

[unregistered]

 

[Busybody]

mkt down

Obama BLAMED