CEOs tell The Washington Post why they're not hiring - GoFuckYourself.com

tony286 · 08-20-2010, 06:23 PM

it makes sense.

Democrats say we need more stimulus, and Republicans say we need less regulation and lower taxes. But CEOs say the real problem is that they simply don't trust American consumers will open their wallets in the coming years.
http://www.washingtonpost.com/wp-srv...d=top_business

IllTestYourGirls · 08-20-2010, 06:29 PM

And why wont customers wont open their wallets? Because we know we, the tax payer, are getting taxed and regulated, to fucking death. So it looks like the Republicans are right.

heymatty · 08-20-2010, 06:39 PM

Not easy for the 17% who are unemployed to open their wallets right now.

kane · 08-20-2010, 06:44 PM

Quote:

Originally Posted by heymatty

Not easy for the 17% who are unemployed to open their wallets right now.

And many who have jobs are not spending because they aren't sure they will continue to have jobs.

JD · 08-20-2010, 06:50 PM

Quote:

Originally Posted by heymatty

Not easy for the 17% who are unemployed to open their wallets right now.

^ this

and can you reply to the email I sent a few days ago? Never heard back from you

clicker · 08-20-2010, 06:57 PM

Quote:

Originally Posted by heymatty

Not easy for the 17% who are unemployed to open their wallets right now.

US average 9.7.

IllTestYourGirls · 08-20-2010, 07:05 PM

Quote:

Originally Posted by clicker

US average 9.7.

Those are not real numbers.

Ethersync · 08-20-2010, 07:05 PM

Quote:

Originally Posted by clicker

US average 9.7.

I think he is referring to the U6 Unemployment rate which is considered by many to be a more accurate reflection of reality.

Vendzilla · 08-20-2010, 07:07 PM

Quote:

Originally Posted by clicker

US average 9.7.

thats how many people are collecting unemployment, not how many are unemployed

Coup · 08-20-2010, 07:08 PM

someone tell those CEO's that they haven't given the american worker a decent raise in decades now.

tony286 · 08-20-2010, 07:10 PM

Quote:

Originally Posted by IllTestYourGirls

And why wont customers wont open their wallets? Because we know we, the tax payer, are getting taxed and regulated, to fucking death. So it looks like the Republicans are right.

How are you getting regulated and taxed to death? Please explain ?
Is there some invisible tax barry launched I didnt see?

Sausage · 08-20-2010, 07:20 PM

Yeah people tend not to employ workers when there is uncertianty in the air. The serious talk about a double dip recession will spook business too.

Agent 488 · 08-20-2010, 07:24 PM

people have no money. they are not buying. adapt or die.

Agent 488 · 08-20-2010, 07:26 PM

anyways, all politicians are crooked and stupid, and the media is willingly manipulated. nothing will save america. prepare for it. adapt or die.

Sausage · 08-20-2010, 07:27 PM

China lends, America spends ...

Didn't think it would last forever did you?

Ethersync · 08-20-2010, 07:28 PM

Quote:

Originally Posted by Agent 488

anyways, all politicians are crooked and stupid, and the media is willingly manipulated. nothing will save america. prepare for it. adapt or die.

What are you doing to adapt and not die?

jackknoff · 08-20-2010, 08:22 PM

Corporations have done nothing but screw over the consumer for year and years. And they want to know why we don't spend...

Spanx!
Jack

jigg · 08-20-2010, 08:46 PM

Quote:

Originally Posted by clicker

US average 9.7.

9.7% is of people who are actively looking for jobs. Those who stopped aren't counted as unemployed so the number of jobless is higher

DaddyHalbucks · 08-20-2010, 08:57 PM

"Stimulus" is pure fraud. Nothing has been stimulated except the buddies of the Obama administration.

Consumers will open their wallets if they have jobs, and companies will hire them if taxes are lowered and success isn't punished.

So, lower taxes and stop regulating to death!

Barry-xlovecam · 08-20-2010, 09:04 PM

A lot of consumer spending was fueled by mortgage refinancing proceeds.

Property is worth substantially less now.

This would apply to big ticket items, durable consumer goods, cars, appliances, furnishings ...

People still buy necessities like food, medicine, clothing etc ...

The unemployment is certainly a factor.

People also feel poorer, their retirement accounts, if stock based, are worth considerably less.

Also, inflation based cost of living increases are non existent now, there has been little inflation officially to cause wage rates and social security payments to increase.

Bottom line ? there is less spendable income today ? a perfect storm.

marketsmart · 08-20-2010, 09:14 PM

Quote:

Originally Posted by Barry-xlovecam

A lot of consumer spending was fueled by mortgage refinancing proceeds.

Property is worth substantially less now.

This would apply to big ticket items, durable consumer goods, cars, appliances, furnishings ...

People still buy necessities like food, medicine, clothing etc ...

The unemployment is certainly a factor.

People also feel poorer, their retirement accounts, if stock based, are worth considerably less.

Also, inflation based cost of living increases are non existent now, there has been little inflation officially to cause wage rates and social security payments to increase.

Bottom line — there is less spendable income today — a perfect storm.

good post....

credit fueled unsustainable growth...

when the credit dried up, so did the spending..

people only tend to look at consumer credit, but the fact is that business credit has dried up as well and companies are having a hard time getting the credit they would normally use to weather economic storms..

on top of that, productivity is up because fewer people are doing the same amount of work that two or three people used to..

i attribute this to people working harder so they can keep their jobs..

the perfect storm has been brewing for years and a lot of this can be blamed on US companies sending jobs and manufacturing overseas...

unless some major changes are implemented and implemented quicky, this recession could last for decades...

.

VGeorgie · 08-20-2010, 09:23 PM

The CEOs aren't telling the truth either.

Productivity - the measure of profit per employee - is up. Employees on the payroll are working harder for the same pay. Many companies are actually showing better margins, even with slipping sales. And not all companies are showing slipping sales. Some are doing quite well, AND they've laid off thousands, making themselves more profitable.

There is simply no reason to hire. That's the plain simple truth of it.

Joshua G · 08-20-2010, 09:57 PM

Word. Corporate america don't pay americans jack shit, ship their jobs overseas, & then banks turn the screws with foreclosures & 30% credit cards. Maybe these dumb fucks at the top of the food chain should give up a yacht or 2 so their employees can get off the dollar menu.

2MuchMark · 08-20-2010, 10:47 PM

Quote:

Originally Posted by IllTestYourGirls

And why wont customers wont open their wallets? Because we know we, the tax payer, are getting taxed and regulated, to fucking death. So it looks like the Republicans are right.

Republicans? Right?

Sausage · 08-20-2010, 11:29 PM

Quote:

Originally Posted by joshgirls

Word. Corporate america don't pay americans jack shit, ship their jobs overseas, & then banks turn the screws with foreclosures & 30% credit cards. Maybe these dumb fucks at the top of the food chain should give up a yacht or 2 so their employees can get off the dollar menu.

Its the consequence of a global economy. People seem to thing they are owed a job, or somehow owed something because others are better off. Shit is only going to get worse as more and more companies and businesses can access labor markets overseas who do a better job at a fraction of the cost. You are owed nothing.

Yanks_Todd · 08-21-2010, 01:05 AM

Quote:

Originally Posted by heymatty

Not easy for the 17% who are unemployed to open their wallets right now.

17%?? where did you get that

Yanks_Todd · 08-21-2010, 01:08 AM

Quote:

Originally Posted by DaddyHalbucks

"Stimulus" is pure fraud. Nothing has been stimulated except the buddies of the Obama administration.

Consumers will open their wallets if they have jobs, and companies will hire them if taxes are lowered and success isn't punished.

So, lower taxes and stop regulating to death!

"buddies" as if anybody in politics, red or blue, or anybody in business rich or poor does it any differently

08-20-2010, 06:23 PM	#1
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	CEOs tell The Washington Post why they're not hiring it makes sense. Democrats say we need more stimulus, and Republicans say we need less regulation and lower taxes. But CEOs say the real problem is that they simply don't trust American consumers will open their wallets in the coming years. http://www.washingtonpost.com/wp-srv...d=top_business

08-20-2010, 06:29 PM	#2
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	And why wont customers wont open their wallets? Because we know we, the tax payer, are getting taxed and regulated, to fucking death. So it looks like the Republicans are right. __________________

08-20-2010, 06:39 PM	#3
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	Not easy for the 17% who are unemployed to open their wallets right now. __________________ Cashlantis ~ Black Book Cash

08-20-2010, 07:20 PM	#12
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	Yeah people tend not to employ workers when there is uncertianty in the air. The serious talk about a double dip recession will spook business too. __________________ IW Skype : blance8888 Icq : 15567120

08-20-2010, 07:27 PM	#15
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	China lends, America spends ... Didn't think it would last forever did you? __________________ IW Skype : blance8888 Icq : 15567120

08-20-2010, 07:08 PM	#10
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	someone tell those CEO's that they haven't given the american worker a decent raise in decades now.

08-20-2010, 07:24 PM	#13
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	people have no money. they are not buying. adapt or die.

08-20-2010, 07:26 PM	#14
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	anyways, all politicians are crooked and stupid, and the media is willingly manipulated. nothing will save america. prepare for it. adapt or die.

08-20-2010, 08:22 PM	#17
jackknoff Confirmed User Join Date: Feb 2010 Posts: 545	Corporations have done nothing but screw over the consumer for year and years. And they want to know why we don't spend... Spanx! Jack

08-20-2010, 08:57 PM	#19
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	"Stimulus" is pure fraud. Nothing has been stimulated except the buddies of the Obama administration. Consumers will open their wallets if they have jobs, and companies will hire them if taxes are lowered and success isn't punished. So, lower taxes and stop regulating to death! __________________ Boner Money

08-20-2010, 09:04 PM	#20
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	A lot of consumer spending was fueled by mortgage refinancing proceeds. Property is worth substantially less now. This would apply to big ticket items, durable consumer goods, cars, appliances, furnishings ... People still buy necessities like food, medicine, clothing etc ... The unemployment is certainly a factor. People also feel poorer, their retirement accounts, if stock based, are worth considerably less. Also, inflation based cost of living increases are non existent now, there has been little inflation officially to cause wage rates and social security payments to increase. *Bottom line ? there is less spendable income today ? a perfect storm.*

08-20-2010, 09:23 PM	#22
VGeorgie Confirmed User Join Date: Nov 2008 Posts: 359	The CEOs aren't telling the truth either. Productivity - the measure of profit per employee - is up. Employees on the payroll are working harder for the same pay. Many companies are actually showing better margins, even with slipping sales. And not all companies are showing slipping sales. Some are doing quite well, AND they've laid off thousands, making themselves more profitable. There is simply no reason to hire. That's the plain simple truth of it.

08-20-2010, 09:57 PM	#23
Joshua G dumb libs love censorship Industry Role: Join Date: Jul 2008 Posts: 8,198	Word. Corporate america don't pay americans jack shit, ship their jobs overseas, & then banks turn the screws with foreclosures & 30% credit cards. Maybe these dumb fucks at the top of the food chain should give up a yacht or 2 so their employees can get off the dollar menu.