Why High Unemployment Rates Will Continue if Obama is Re-Elected

[Gravitymaster 0]

http://www.nam.org/Communications/Articles/2012/09/Small-Businesses-and-Manufacturers-Government-a-Barrier-Not-a-Help-to-Economic-Growth.aspx

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09/25/12 - The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB) today announced the results of a nationwide survey of small businesses and manufacturers. The results cast a harsh light on the state of the U.S. economy six weeks before Election Day.

The poll, conducted by Public Opinion Strategies (POS), surveyed 800 small business owners, manufacturers and decision-makers at small and medium-sized companies, with a majority (55 percent) saying the national economy is in a worse position compared to three years ago. Among the chief factors survey respondents cited were federal regulations, taxes, government spending and the cost of health insurance and energy.

Key survey findings include the following:
•67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
•69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
•55 percent say they would not start a business today given what they know now and in the current environment.
•54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

“Manufacturers have told policymakers in Washington time and again that uncertainty and a negative business environment is turning the American Dream into a nightmare,” said NAM President and CEO Jay Timmons. “The findings of this survey show that manufacturers and other small businesses have a starkly negative outlook for their future—with good reason. There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people. To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”

NFIB President and CEO Dan Danner said, “The small businesses who are the engine of our economy are clamoring for their elected representatives to stand up and lead so they can focus on the business of getting America back on its feet. Yet, instead of smoothing the way, our government continues to erect more barriers to growth through burdensome regulations that increase costs for small businesses and all Americans. It’s time Washington started listening to America’s job creators and offered real solutions to help us back to prosperity.”

Bill McInturff of POS said, “The data in this survey offer a striking picture of how American businesses view the current state of the U.S. economy. It’s clear that small business owners and manufacturers are becoming increasingly more frustrated by the federal government’s inability to solve America’s economic problems. Manufacturers place most of the blame squarely on policies coming out of Washington.”

So go ahead and re-elect Obama. Might as well commit economic suicide when you push that button for him.

Here's where we are headed when you vote for Obama.

http://www.cnbc.com/id/49162890

A vote for Obama is a vote for creating more homeless and starving the poor. I'll bet the Spanish didn't think this could happen either.

[lawrocket 3]

High unemployment rates will continue regardless of who is elected president. In fact, unemployment will increase as more jobs become available due to the current measurement methods that are employed.

Unemployment rate is presently calculated based upon people: (1) who are without jobs; (2) who are available to work; and (3) who have actively sought work in the prior four weeks.

“Actively looking for work” means contacting an employer, agency, job center, etc. Sending out resumes, filling applications, etc. That number is divided by the total number of people in the labor force. When a person hasn’t’ looked for work, that person is not considered part of the labor force, anymore. The labor force numbers drop and the number of unemployed drop, as well. There could be more people on unemployment than are unemployed and there be no fraud involved.

When the economy picks up and jobs become more available, a large number of people will start seeking work again. Thus, when the total number of employees increases, the unemployment rate can and probably will increase, as well. Somewhat of a paradox will be created. It’s the ultimate Keynesian experience: things will seem better when stuff is really bad or things will seem worse when stuff is better.

My wife is hotter than your wife.

[Gravitymaster 0]

Did you read the article?

As a small business owner, I can tell you that I don't know another small business owner who thinks electing Obama will do anything but make things worse. I have said repeatedly that we are afraid to expand our business and hire people because of all the uncertainty that Obama brings. I don't know what my medical issurance is going to be nor what I will have to pay in taxes. So for now, the best thing to do is to saty conservative and wait to see how things play out.

[kelpdiver 2]

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Did you read the article?

As a small business owner, I can tell you that I don't know another small business owner who thinks electing Obama will do anything but make things worse. I have said repeatedly that we are afraid to expand our business and hire people because of all the uncertainty that Obama brings. I don't know what my medical issurance is going to be nor what I will have to pay in taxes. So for now, the best thing to do is to saty conservative and wait to see how things play out.

I see it as a poll that really is measuring political opinion of business owners, with a population that skews slightly more Republican than the general population. This is seen in the 55% think matters are works than 2009, 45 percent think it's better or the same.

The phrasing of some of the question lead to clear and predictable results.

[billvon 3,114]

>The poll, conducted by Public Opinion Strategies (POS) . . . .

now that's funny.

[lawrocket 3]

I totally get it. I've been a small business owner. Uncertainty sucks. Especially when it comes to costs of employment.

My wife is hotter than your wife.

[billvon 3,114]

>I totally get it. I've been a small business owner. Uncertainty sucks.

Agreed, but apparently small business owners feel they will do worse under Romney.

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Study: Small Business Owners Favor Obama Despite 'You Didn't Build That' Comments

By Elizabeth Flock
September 18, 2012

Small business owners believe President Barack Obama would be more supportive of them than GOP presidential contender Mitt Romney, according to a new study by George Washington University's Graduate School of Political Management with local services site Thumbtack.

The majority of small business owners surveyed support Obama (39 percent vs. 31 percent for Romney) despite the president's controversial comment "you didn't build that," which has become a rallying cry for the Republican Party to attract small business owners.

. . .

The entrepreneurs surveyed rated the economy and jobs as most important to them in choosing a president, while lower taxes—which Romney has stressed throughout his campaign—were rated as less important.
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[pirana 0]

They certainly will. They will also remain high under Romney. They will also remain high if some other person, any other person, is elected POTUS.

Every economist not on a politicians payroll knows this shit is not going away anytime soon. Every politician is afraid to say so.

To anyone who disagrees: tell me by what mechanism any elected official is going to turn the economy around in any kind of short order (within a presidential term). Do some people think China is suddenly going to start playing fair with their monetary policy? Do some people think foreign labor (non-US) is going to suddenly price itself out of work and give us back our jobs? Do some people think capital is suddenly going to get warm fuzzies and view American jobs as worth the extra cost of labor?

We have a long haul to get back to a healthy economy, and short of a cataclysmic event (major global warfare or other catastrophic paradigm changing event), there is nothing any specific leader is going to do to change that.

" . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley