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Bloomberg warns US jobless riots
- Thread starter turkeyneck
- Start date
I just don't like this idea that jobs are the governments responsibility. Same goes for health care. I'd like the government to get out of the employment and health care business.
I heard some east coast bonehead on CNBC claim after the hurricane that if the power stays out for a week many politicians are going to get blamed. My power goes out everytime the wind blows and not once has it ever occured to me to call my state representative. I don't even know who he is.
Just once I'd like someone one running for President to answer the question, "What are you going to do about jobs?" reply, "Nothing."
Oh yeah, Ron Paul already did that.
I heard some east coast bonehead on CNBC claim after the hurricane that if the power stays out for a week many politicians are going to get blamed. My power goes out everytime the wind blows and not once has it ever occured to me to call my state representative. I don't even know who he is.
Just once I'd like someone one running for President to answer the question, "What are you going to do about jobs?" reply, "Nothing."
Oh yeah, Ron Paul already did that.
Quote from wartrace:
So, "just start a business" when you lose your factory job?
All I'm saying is not many people have business sense to utilize their own talents to make their own money. They expect to be part of a slavery like system instead. That's what separates the top 5% earners from the 95% majority.
Quote from Zr1Trader:
All I'm saying is not many people have business sense to utilize their own talents to make their own money. They expect to be part of a slavery like system instead. That's what separates the top 5% earners from the 95% majority.
I agree. To further enslave them they have taken on unsustainable levels of debt to finance lifestyle.
no kidding, I know a guy who pulls a big trailer behind his pick up truck and picks up everybodys aluminum cans, then he takes those to the recycling center then he takes the money from the cans and goes to the gold shop and buys gold, and he's been doing this as long as I can remember.Quote from Zr1Trader:
All I'm saying is not many people have business sense to utilize their own talents to make their own money. They expect to be part of a slavery like system instead. That's what separates the top 5% earners from the 95% majority.
He's always mad when gold goes up on the day he's going to buy.
Another guy just bought a new $8,000 zero point lawnmower. He has a contract at a factory and gets paid $800 to mow their lawn once a week and it only takes one day to do it.
Then they plow snow in the winter, hunt ginseng (I've seen a receipt for $1300 for a days worth of ginseng.)
Just tell me what you need done and I know somebody to call, and I hear it's the same way in the city. Some of those people who have had a restaurant for 30 yrs started out with just a food cart.
Heck, Macy started out peddling goods out of a wheelbarrow.
But these people who do all the central planning go to college and then get a job for the government and figure the unemployed are now their problem. How else could anybody pay their bills if they don't have a job?
yeah, well that's one way to look at it. Or maybe it's unwise bankers have loaned them money which they are never going to pay back.Quote from wartrace:
I agree. To further enslave them they have taken on unsustainable levels of debt to finance lifestyle.
Best deal going was buy a house and never make a payment.
Losing your credit rating is not much of a threat once your cards are maxed out.
The rich need the poor more than the poor need the rich.
The poor will suffer if they can't afford to shop at walmart but shareholders and credit card companies will suffer more.
Quote from oldtime:
reply was, most people out where I live don't have jobs, never did and never will.
You can take that elitist joe six pack attitude of yours and cram it back up your Harvard.
I didn't realize we were just talking about "where you live", I thought this was a more general discussion relating to the overall economy.
It seems to me that IF we were talking about the economy nationwide instead of "where you live" it would be safe to say the majority of people DO hold jobs and looking at the exponential levels of debt growth in our economy it would also be safe to say that people have pretty much painted themselves into a corner with consumer debt service obligations. This level of debt service prohibits most from taking the risk of starting their own business. Missing just one paycheck will sink them.
Additionally, with established small business seeing revenues drop by over half it becomes even more difficult for new market entrants to compete.
you have a very narrow view of starting a business.Quote from wartrace:
I didn't realize we were just talking about "where you live", I thought this was a more general discussion relating to the overall economy.
It seems to me that IF we were talking about the economy nationwide instead of "where you live" it would be safe to say the majority of people DO hold jobs and looking at the exponential levels of debt growth in our economy it would also be safe to say that people have pretty much painted themselves into a corner with consumer debt service obligations. This level of debt service prohibits most from taking the risk of starting their own business. Missing just one paycheck will sink them.
Additionally, with established small business seeing revenues drop by over half it becomes even more difficult for new market entrants to compete.
I knew four guys out of work, they pooled their money and printed up flyers claiming they were painters and went door to door handing them out until finally they got someone willing to pay them to paint the house.
Then they went around to their friends and borrowed ladders and paint brushes.
They did this all summer. In the fall, 2 of them got jobs and the other two retired years later as professional painters.
There is no doubt you can start on a shoestring HOWEVER my point was not the capital investment involved with a startup but the fact that a large percentage of our population are so deep in debt that they can not take the financial risk of uncertainty involved with a start up.
Mortgage payment, car payment, jet ski payment, plasma TV payment, last years vacation to Cancun payment, breast job for the wife payment, credit card payments from dinners they "financed" over the past couple of years, yada yada yada......
With this kind of debt hanging over their head it is unlikely they can face the risk involved in a startup.
I know a little bit about starting a business and when I did it I might have never even tried had I had a mortgage and consumer debt hanging over my head. There were some very tough months when when there was little to no income and business expenses that still needed to be paid.
I think a lot of people just can't take the risk due to the hole they have dug for themselves financing a lifestyle well beyond their income. Debt is just another chain of slavery as is a j.o.b. but for the majority of Americans they have made the choice to enslave themselves with every dinner they eat at "Red Lobster" and run it through the card.
Mortgage payment, car payment, jet ski payment, plasma TV payment, last years vacation to Cancun payment, breast job for the wife payment, credit card payments from dinners they "financed" over the past couple of years, yada yada yada......
With this kind of debt hanging over their head it is unlikely they can face the risk involved in a startup.
I know a little bit about starting a business and when I did it I might have never even tried had I had a mortgage and consumer debt hanging over my head. There were some very tough months when when there was little to no income and business expenses that still needed to be paid.
I think a lot of people just can't take the risk due to the hole they have dug for themselves financing a lifestyle well beyond their income. Debt is just another chain of slavery as is a j.o.b. but for the majority of Americans they have made the choice to enslave themselves with every dinner they eat at "Red Lobster" and run it through the card.