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4:12 am
March 22, 2010
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I dont know why we need another one... The last one seems to still be doing fine...
10% of the stock market gone in a week.... Biggest single drop since the 08 crash today...
Nothing like feeling safe and secure without a care in the world hu?
My dad told me when I started my own shop that the day would come where collecting a paycheck seemed attractive....
:timebomb:Today is not that day, Today we Fight!
Whatever you are, be a good one.
Abraham Lincoln
3:03 pm
September 7, 2010
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Just remember Larry,in the old days when the USA got a sniffle the rest of the world got a cold, Now when you(The USA) get a post nasal drip and a light cough the 3rd world gets Luchemia!
6:41 pm
March 21, 2011
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Don't worry, Larry. Your shop will become more valuable after the economic collapse.
9:37 pm
June 10, 2010
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I'm not sure how this holds for the rest of you, but I have noticed that when the economy is bad, I'm usually busier. Most of what I make is not for the poor or lower middle class, the wealthier people seem to have money, and spend it on what I make. I mentioned this to some blacksmithing friends and they tended to agree, that for artisans poor times can be good times.
2:04 pm
November 8, 2010
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The wealthy have gotten wealthier during this "recession" so I agree with Daryl. Forget about quantity and focus on quality 🙂
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1:43 am
NWBA Member
August 8, 2010
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With the downgrade on Gov credit rating money will cost more. When money costs the Gov more it costs everyone more. Businesses that float their inventory costs will have to pay more and they must raise their prices.
Just tighten up a bit and wait.
Just heard on the news that a lady posted an ad on Craig's list and has had more than 800 offers for a new kidney.
So the interest rate hike and more SEALs being killed aren't the only things happening.
My favorite Aspery-ism is that 90% of blacksmithing is problem solving. Just one more problem to work into daily living.
People are basically decent and caring- life will continue on.
Dave
No one really listens to anyone else, and if you try it for a while you'll see why.
- Mignon McLaughlin
11:08 pm
May 22, 2010
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Here is how the current politicians think ... also how the government thinks. It is also how the corporations think as well. It is up to us to change that. :stomp:
Brad Roland :hot:
1:59 am
January 18, 2011
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Brad Roland;11765 wrote: Here is how the current politicians think ... also how the government thinks. It is also how the corporations think as well. It is up to us to change that. :stomp:
........Ours is a government of the rich, by the rich, and for the rich.
"Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind."
— Dr. Seuss
6:17 am
March 21, 2011
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+1
12:54 pm
November 8, 2010
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Well what exactly was everybody expecting? This country was founded on the belief that money talks and bullshit walks. Capitalism isn't a system of fairness. It's a system designed by the rich to make them richer at any cost.
The problem with our country right now is the fact that people are afraid of progress. If you think progressively then you are branded an enemy. The line between government and economy has been eroded by generations of brainwashing rhetoric.
To denounce Capitalism is to denounce Freedom.
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1:36 pm
January 18, 2011
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JimB;11775 wrote:
To denounce Capitalism is to denounce Freedom.
The only free capitalists are at the top, we bottom feeders get manipulated every two to four years to give us the illusion of empowerment, it's all HOGWASH......
GLOBAL is Mr Kravis's favorite word....but He prefers to live here.....
"Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind."
— Dr. Seuss
5:47 pm
NWBA Member
September 25, 2010
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I couldn't even watch all of that. Kravis is definitely representative of the problem in this country.
Let us make a special effort to stop communicating with each other, so we can have some conversation.
Mark Twain
5:50 pm
March 21, 2011
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Bruce Macmillan;11776 wrote: ....we bottom feeders get manipulated every two to four years to give us the illusion of empowerment, it's all HOGWASH......
I like to think of the doings in D.C. as a sort of WWE for the masses. It's something to distract us while our pockets are picked.
"What's this? Obama just got hit with a chair while the referee wasn't looking. And what's that? Obama and Reid just double-teamed Boehner while the ref was distracted! Oh, the horror! Oh, the injustice!"
But as soon as the beer commercial with the pretty girls comes on then all else is forgotten.
It's soma.
11:09 pm
January 18, 2011
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The semantics in this unprecedented predicament the US, and the world now finds itself in are so upbeat, like ''recession good''......''It will turn around, you'll see''...:angel:
''Depression bad'', ''We gotta do ANYTHING to stop that!'':devil: So they stopped the depression with the too big to fail bailouts, thanks allot, at least during a depression what money there is, is worth something. Hey wait, both ends of the stick are shitty:unsure:
I know, I'm twisted.....I can no more make sense of this than the meaning of life.....It at least helps to occupy my mind in the aftermath of all the sad threads both here and at IFI, so much terrible tragedy, economic shit pales in comparison..b
"Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind."
— Dr. Seuss
4:58 am
June 10, 2010
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I have to give Warren Bufffet a bit of credit when he thinks that he should at least be paying the same tax rate as his employees. The pundits have stepped in and say he is not really calculating his tax rate correctly and that he is really paying the same. I would of thought if anyone knew what they were paying it would be Warren Buffet.
5:05 pm
NWBA Member
Board Member
April 26, 2010
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In 1993, 57% of US tax revenue came from folk earning $100,000 per year or more.
In 2008, 86% of US tax revenue came from folk earning $100,000 per year or more.
I'm tired of hearing about "tax reform." When the hell are we gonna see "job creation" in the form of LETTING UP ON THE POOR SMALL BUSINESS GUY??!!:stomp::stomp::stomp:
oops, I ranted, didn't I?:redface:
No matter where you go... there you are.
8:19 pm
March 21, 2011
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The jobs were swept away by the giant sucking sound that Ross Perot warned us about. They're never coming back under our current trade agreements.
Why would a business operate a factory in the U.S. where you have to dispose of your toxic waste when you can simply move it across the border, dump your waste in the local water supply and pocket the savings with no import tariffs?
Small businesses tend to deal with the general public. As the general public continues to get poorer, small businesses are going to suffer. No way around that.
9:57 pm
NWBA Member
Board Member
April 26, 2010
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It is indeed a sad situation, Tom!
Small business employs half of the private sector workers. Small business generates nearly half of American worker income, and cranks out more than half of the GDP. Statistically, the smaller the business the greater the contribution to technilogical development.
So, we've got quite a snowball started here.
No matter where you go... there you are.
10:55 pm
NWBA Member
April 22, 2010
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Lee Cordochorea;11803 wrote: In 1993, 57% of US tax revenue came from folk earning $100,000 per year or more.
In 2008, 86% of US tax revenue came from folk earning $100,000 per year or more.
I'm tired of hearing about "tax reform." When the hell are we gonna see "job creation" in the form of LETTING UP ON THE POOR SMALL BUSINESS GUY??!!:stomp::stomp::stomp:
This quote says "US tax revenue", but what it means is federal income tax.
People earning LESS than $100,000 per year, like myself, pay sales tax, property tax, social security tax, medicare tax, state unemployment tax, state Business and Occupation tax, liquor tax, gas tax, and about a dozen more taxes. And, yes INCOME TAXES. I have paid plenty of them, but I guess, not enough.
People earning LESS than $100,000 per year, like myself, comprise the vast majority of small business owners. AND employers or, to use the new republispeak, "job creators" like me are almost ALL earning less than $100,000 a year. I have been a "job creator" pretty much continuously since 1982, having between 2 and 8 employees at any given time since then.
At the same time that I fit into the new category of people who, according to the republicans, dont pay enough taxes, I have been creating jobs, while the people who make more than $100,000 a year have been consistently exporting jobs to other countries, or just earning that money off derivatives, foreign exchange trades, mergers and acquistions, and all kinds of other wall street shenanigans that create nothing, most especially not jobs. Romney, for example, destroyed hundreds of jobs in his career as a "management consultant".
Fewer than 2% of small businesses in America make $250,000 or more.
Over 14% of small businesses in America make so little that they qualify for Earned Income Credit on their tax returns.
We, the small businesses of America do NOT benefit from the current tax rates- as a pretty much average small businessman and "job creator", I get screwed blued and tattoed on taxes, compared to a hedge fund guy or a CEO.
11:08 pm
NWBA Member
April 22, 2010
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Tom Allyn;11805 wrote: The jobs were swept away by the giant sucking sound that Ross Perot warned us about. They're never coming back under our current trade agreements.
Why would a business operate a factory in the U.S. where you have to dispose of your toxic waste when you can simply move it across the border, dump your waste in the local water supply and pocket the savings with no import tariffs?
Small businesses tend to deal with the general public. As the general public continues to get poorer, small businesses are going to suffer. No way around that.
Another point- when you say "why would a business operate a factory in the USA", you are talking about American companies.
Foreign companies are consistently opening factories here, because they know how low our taxes really are, how lax our environmental standards really are, and how cheap our wages are, compared to other civilized countries.
The Ikea factory in the USA pays HALF the wage the Ikea factories in Sweden pay. Every major foreign auto company has built a factory in the USA, spending tens of billions of dollars to do so, and most of them export FROM the USA to other countries, because our current third world wage and benefit laws mean its much cheaper to build cars here than in Japan or Germany or France or Italy.
The Russians, Germans, and Indians are currently spending between $10 and $20 Billion dollars on new steel mills in the USA, because its cheaper to do it here than in their home countries, and our wages and taxes are LOWER.
US environmental laws are incredibly easy compared to most of europe.
Our so called "over regulation" is not stopping the Chinese, Koreans, Japanese, Indians, or any of the European companies from investing here, and building more and more factories here. The Chinese just built a brand new 450,000 sq foot driveline factory in Michigan.
We are falling for the myth that it is expensive and difficult to build factories here- but nobody else in the world believes this- and they are putting their money where their mouth is. We are falling for the myth that our taxes are too high, when, in reality, our taxes as a percentage of GDP are between those of Djibouti and Senegal.
We are falling for the myth that the USA is broke, when everybody in the world still believes that we are such a good investment that they are buying US bonds at ZERO percent interest. In some cases, negative interest.
Who is profiting from these myths?
Follow the money.
(which aint in my wallet, thats for sure)
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