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| Name: |
MartiniMan
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| Subject: |
Weekly Jobless Claims up 25,000 to 471,000
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Date:
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5/20/2010 9:08:17 AM
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In yet more bad news on the economy jobless claims are up again. This despite significant census hiring in May. Also, mortgage delinquencies and foreclosures are at an all-time record high. Bad news for America.......
One would think Obama would focus on this issue instead of cap and tax, Obamacare, more regulation of the already over-regulated financial industry, etc, etc. What a disconnect between the priorities of the American people and our federal government. Yet another reason for limiting their scope and power. 2012 cannot come soon enough as we are repeating all the mistakes of FDR.......
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| Name: |
Dixie Drifter
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| Subject: |
Weekly Jobless Claims up 25,000 to 471,000
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Date:
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5/20/2010 1:19:23 PM
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The boat is taking on water fast. Obama and his minions will continue to act as if they are tone-deaf ignoring the obvious. When the average "Joe" has had his fill, then and only then will we see a unified movement by the public. Once the calls for red meat get loud enough, our gutless elected leaders will be forced to take action. Unfortunately it will be too late for many of us.
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| Name: |
water_watcher
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| Subject: |
It is all Bush's fault (nfm)
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Date:
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5/20/2010 1:28:41 PM
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| Name: |
GoneFishin
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| Subject: |
Weekly Jobless Claims up 25,000 to 471,000
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Date:
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5/20/2010 7:01:26 PM
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There is no denying that this is not good news. Small businesses are having a difficult time borrowing and until that opens up it will be tough for the economy to show improvement.
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| Name: |
lotowner
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| Subject: |
May's Market Performance
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Date:
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5/20/2010 8:49:40 PM
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This country's economic status is still up and down. May's market through today is horrible. Some Retiree's who do not have a "guaranteed" pension (as do those in California - will they be rescued?) are taking a beating this year. But, this is still G. Bush's problem. There is no way that our 12 trillion dollar debt is in any way associated with His Excellency. His performance and El Presidente's Calderone and Chavez are similar. The three of them like to beat up on this country.
Dow -925.1
NASDAQ -267.6
S&P -111.8
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| Name: |
water_watcher
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| Subject: |
That is BS, GF
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Date:
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5/21/2010 7:26:58 AM
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I work with many banks every day ... they want to lend and are having a problem now with excess capital because business are not borrowing. They must invest excess capital in US Treasuries which is yielding near zero.
The problem is not banks not leading ... but the fear Obama has created with government spending, burden on businesses, not focusing on real economic growth. This fear results in businesses not taking risk to expand due to uncertainty.
Wake up and realize that Obama and the dems have been focused on an agenda of socialism rather than what will grow the economy and create jobs. This agenda puts a huge burden on business and tax payers, which creates fear to take risk and borrow.
Why would a business want to take risk to borrow to expand capacity and create jobs when there is so much uncertainty and lack of confidence and what the socialist administration will do next that is anti business and anti growth.
Stop living your socialist dream and realize the US will be in the same trouble as Europe soon unless something is done ... after all Obama is trying to mold the US in the image of Europe.
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| Name: |
water_watcher
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| Subject: |
Follow up GF
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Date:
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5/21/2010 7:32:46 AM
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Plain and simple ... business borrow to expand capacity to meet demands in the economy .... NOT borrow to create jobs that will improve the economy.
That is the problem with liberal socialist ... they have everything backwards ... they think it is business fault that jobs are not being created and they are not investing ... when it is the burden of the regulation, socialist programs and excessive government spending that is creating the drain that is dragging the economy and lack of demand which means business have no need to invest and expand.
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| Name: |
MAJ USA RET
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| Subject: |
Follow up GF
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Date:
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5/21/2010 8:16:36 AM
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If you keep solving the problem the same way each time… and each time it doesn’t work, you become demoralized. Hoping that the wrong solution will work… will not make it work. Defiance will not make it work. Even dictating will not make it work. One may not longingly fly in the face of physics and history and expect to make headway against the hurricane force of reality.
Thus, the liberals and socialists have resorted to displacement behavior: The country is in economic conflagration… and they are peeing on the campfire.
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| Name: |
Barneget
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| Subject: |
That is BS, GF
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Date:
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5/21/2010 3:24:35 PM
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As a conspiracist, and a member in good standing on the DHS RWE list, I see the forced investment of excess capital in US Treasuries as a long term strategy, employed by this administration using the banking regs threatened and/or passed, to forestall the day of reckoning. Our debt stinks, and the international market is avoiding it. The Chinese biotch slapped Soerto d/b/a Obama for his position on climate change, so the Japanese started to pick up the slack until the Soerto d/b/a Obama administration tried to destroy Toyota. For years, and years, my wife and I had NO PROBLEM borrowing or repaying monies to banks. With NO CHANGE in our credit utilization, no change in our payment history, and improved business results, the last 12 months have seen our business line of credit revoked, and inquiries about refinancing the business at more favorable terms pushed to the SBA. 2007 P&L was flat with commercial lending target factor, as far as profit, FCF, personal debt, etc. 2008 improved by 14 points, beat the 2007 target by 10%, yet, if we wanted to refi, had to go through SBA. Chose not to, for many different reasons, and now have 23 payments left. At that point, we'll invest in updated technology, and some refurbs, grow market share, and possibly add some jobs.
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| Name: |
water_watcher
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| Subject: |
That is BS, GF
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Date:
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5/21/2010 6:31:41 PM
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Have you tried BB&T? If you need a contact let me know and i will email a name and number.
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| Name: |
MartiniMan
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| Subject: |
Small business financing
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Date:
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5/24/2010 12:36:01 PM
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I have no doubt some small businesses may have trouble getting financing. We changed our operating line provider this year and had a number of good options. But our business was sound (i.e., strong balance sheet, decent financial performance given the economic turmoil, etc.) so we are a good target for this type of financing. A lot of the banks were very aggressive in going after our business.
The real problem is the administration's war on business, tax increases on all Americans with the expiration of the Bush tax cuts, uncertainty caused by the trillions in new debt and other missteps by the administration have all contributed to the problems.
At this point I don't think the administration knows how to change course much less being able to set aside their ideology to do so. If unemployment stays high going into 2012 any candidate on the GOP side should have as their tag line, "It's all about jobs stupid". If unemployment drops to below 8% he will be reelected (absent some unforeseen event).
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