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#1 Yes, this is massive. Governments will be forced to cutback themselves as the revenue drops even when they increase taxes. This will put many in welfare programs that will run out of money also.
Only if you can buy people off will they be content. Thank you LBJ.
Posted by Dale 2012-11-12 07:17||
#2 The Swiss and many other countries are sending their youth to Norway to work. One fellow got a job the very next day he arrived. 2% unemployment.
Posted by Dale 2012-11-12 07:40||
Posted by Dale 2012-11-12 08:04||
#4 Flea markets, Pawn shops and bail bondsmen seem to be doing well at this time. I haven't heard but I'd bet repo business is good. When things are bad some always do well. Say it might be fun to dress up with chains, leathers and get some tattoos. Live the big life. OK!,OK!,OK!; Walter Mitty, get thee back!.
Posted by Dale 2012-11-12 08:11||
#5 One of the interesting things to watch will be the results of lower weekly hours = lower weekly gross = reduced incremental taxes (owing to their not meeting withholding thresholds)which must be made up for at the end of the tax reporting period (year).
Their pain is only beginning....
Posted by Uncle Phester 2012-11-12 08:51||
#6 The pain is only beginning. This impending economic monster is world-wide. The government is not going to have enough welfare money or unemployment benefits. People will be working two jobs if they can get them. Kids will be living in their parents basements until they are 40 years old. Maybe they can petition ObamaCare to be on their parents Medicare benefits if their parents have Medicare at that point. When the pain gets too great, think about your choices in the last election. Obama will not save you.
Posted by JohnQC 2012-11-12 09:09||
#7 The Detriotification of America proceeds as planned.
Posted by airandee 2012-11-12 09:26||
#8 Lower weekly hours means more workers to do the same work, means lower unemployment, at least if you don't measure underemployment. That was one of the key factors in creating the 'standard' 40 hour work week in the first place.
Posted by Glenmore 2012-11-12 09:45||
#9 Luckily government planners had the foresight to stock up on millions of rounds of handgun ammunition. Factory closings might have forced the Obama enforcers to using sjamboks and truncheons against the hungry, rioting masses. I have a friend who raises and trains police dogs. Last I heard, his business is going quite well also.
Posted by Besoeker 2012-11-12 09:59||
#10 Looks like millions and millions of citizens are also.
Posted by JohnQC 2012-11-12 10:04||
#11 ...that is stocking up.
Posted by JohnQC 2012-11-12 10:05||
#12 "...that is stocking up". I think most now live paycheck to paycheck. No extras. As I recall two years ago many were using charge cards to pay monthly bills, groceries, and fuel. I believe most are maxed out. Then student loan problem is far worse. I know several who must now work part time and don't make enough even to pay rent. Dumpster diggers are seen more and more. Next will be trash pick up diggers at your home.
Posted by Dale 2012-11-12 11:10||
#13 Obama's America: where the lucky have two part time jobs. Unless your business is government, then business is good.
Also, look for the fracturing of business in order to create an incorporation with employee amounts less than Obamacare mandate. Of course, numbers change. x%ers anyways.
Here's the thing about eating too much government cheese: not only is it addicting, the more which is eaten the more irritable, quicker, a person becomes when it is not longer served. Also anticipate those nifty Obama phones have a nifty little code in the programming so they constantly send in all conversations like a speaker/receiver, nifty little call tag likely as well to pre-sort and cross reference.
Liberals I knew used to cuss and rave about New York being sold for a bag of beads; yet they sold themselves for a cheap chinese spy phone.
If you don't know what to do with dry beans, better educate yourself.
Posted by swksvolFF 2012-11-12 11:51||
#14 Dry beans?
Posted by Bobby 2012-11-12 12:22||
#15 Navy beans, kidney beans, pinto beans, split peas,....
Nourishing, relatively inexpensive (so far), with good shelf life.
And if you could figure out a way to harvest passed gas, they could even provide fuel.
Posted by Glenmore 2012-11-12 13:19||
#16 Soy beans are relatively high in protein and can made to be tasty if you doctor them up enough.
Posted by JohnQC 2012-11-12 14:47||
Posted by Choluter Jones9539 2012-11-12 14:49||
Here's a curious fact about the French economy: The country has 2.4 times as many companies with 49 employees as with 50. What difference does one employee make? Plenty, according to the French labor code. Once a company has at least 50 employees inside France, management must create three worker councils, introduce profit sharing, and submit restructuring plans to the councils if the company decides to fire workers for economic reasons.
French businesspeople often skirt these restraints by creating new companies rather than expanding existing ones. "I can't tell you how many times when I was Minister I'd meet an entrepreneur who would tell me about his companies," Thierry Breton, chief executive officer of consulting firm Atos and Minister of Finance from 2005 to 2007, said at a Paris conference on April 4. "I'd ask, 'Why companies?' He'd say, 'Oh, I have several so that I can keep [the workforce] under 50.' We have to review our labor code."
There are now 2.9 million people out of work in France, almost 10 percent of the workforce and the most in 12 years. "For the 100 employees we have in France, we have 10 employee representatives, for whom we have to organize weekly meetings even when there is nothing to discuss," Haan says. "Every time a social security contribution changes, which is frequently, we have to update software and send our HR people for training. We can't fire anyone without exorbitant costs."
Posted by Sherry 2012-11-12 14:54||
#19 Limited-employee-number firms aren't new. There are companies in New Jersey that have been doing the same thing for years.
Posted by Pappy 2012-11-12 15:47||
#20 And if you could figure out a way to harvest passed gas, they could even provide fuel.
Come on baby, light my fart...
Posted by Jim Morrison 2012-11-12 18:03||
#21 "For the 100 employees we have in France, we have 10 employee representatives, for whom we have to organize weekly meetings even when there is nothing to discuss,
We have that problem here also. Made-up work that contributes little. I often joking say the government couldn't organize a one person parade. I got that wrong, it is just the opposite; meetings are held, lobbyists get busy, legislation is enacted, do-nothing agencies are created, attorneys have plenty of work, the prices of goods and the cost of living goes up. When someone tries to inject a dose of sanity into the process by cutting some of this bloat, committees are created to study the problem, grants are given to the universities which have to comply with all Federal requirements to further study the problem, lobbyist, attorneys, etc. get busy, legislation gets enacted and that is why we have the problems we have.
Posted by JohnQC 2012-11-12 18:32||
#22 JohnQC, I think you just served up a complete Thanksgiving dinner. Tums please.
Posted by Dale 2012-11-12 18:39||
#23 OK, who are you, Jim Morrison, with the same juvenile sense of humor as me?
Posted by Glenmore 2012-11-12 19:14||
#24 JM does spark things up a bit. I understand that's against thew law now, breaking wind in public.
I have a friend that drives to work every day for 1.5 hours. He works for Hostess. He has a friend at the plant who will call him if they shutdown.
Saves him the trip in. Day by day they just don't know.
Posted by Dale 2012-11-12 21:05||