CEO's blame layoffs and reduced hours on Obama re-election

[Grizzly Willy]

Well, the argument could be made that it's his fault that we're winding down the wars.

I think that argument is rather dumb, however.

[stumpy]

Clearly its Obama's fault.

Take that, liebrul hippies! This is what we get for not invading Iran!

[Wells]

Best part is I don't think he read past the first paragraph anyway. Because they say its not a result of the election and point out all the arms manufacturers are cutting costs.

[Spectral]

I suppose it is at least partly Obama's "fault" that we're looking at spending just ever so slightly less on military hardware.

If I had my way, we'd slash our military spending by ~65% though, so I don't view this as a negative. I do view it as a negative that he's still obscenely militaristic by any reasonable measure.

[Riidii]

Best part is I don't think he read past the first paragraph anyway.

I read the whole thing.

Because they say its not a result of the election

See Papa John. "OMG WTF DRAWBIDGE DIE!!!!!"

and point out all the arms manufacturers are cutting costs.

Well duh, this is rather obvious.

[Grizzly Willy]

If we really want to dig into causation we could blame this on the people who started the wars in the first place.

[MC ALPACA FLAYME]

If we really want to dig into causation we could blame this on the people who started the wars in the first place.

Better yet, blame it on the people who didn't start wars before them, weren't in power any longer and were replaced by those who started the wars.

[Grizzly Willy]

Better yet, blame it on the people who didn't start wars before them, weren't in power any longer and were replaced by those who started the wars.

Gonna takes this to its absurd extreme: I blame the event that sparked the creation of the universe. None of this would have happened if nothing ever existed.

[Riidii]

It must be just coincidence that businesses are announcing massive layoffs, either subtly or non-subtly, post-election.

And damn, just think, this is just large corporations.

What about the small businesses? But hey, at least we're moving forward.

[Grizzly Willy]

Haven't heard of anything about small businesses around here, though the usually barren downtown seems to be getting more businesses, albeit in very slow fashion.

[Seranthor]

Or we could ya know, educate our people for little to no cost to them so that we have smart, skilled, intelligent people who don't have to compete with foreign factory jobs for a living.

But then you'd have to find a way to compel the teacher unions to compel the teachers to actually teach and educate instead of shoveling the kids thru the system and using them as props for your teacher strikes and political demonstrations.

---------- Post added 2012-11-17 at 12:07 AM ----------

Oh look, businesses are finding it harder to weasel out of paying healthcare... boohoohoo.

Also, my friends and I agree that Domino's has been far superior to Papa John's since they've stepped up their game.

Dont look now, but where do you think Domino's got the money to turn around their failing business... I wont spoil the suprise I'll let you dig that up on your own.

[BatteredRose]

It's just a case of butthurt corporate fat cats, nothing more. The end.

[Seranthor]

No, time will not tell, because we do not know and will never know what Romney would have done. There is no current necessity to make any changes because even if Romney now, they would have to wait until January 20th for Romney to do anything. If they were not going to lay off people right now if Romney won, there is nothing that is different at this moment that should lead them to lay offs, other than spite.

its called finality, not spite. They were probably waiting to see if Obamacare would be overturned, now that isn't gonna happen. So, they acted accordingly.

[Laize]

It kept pace up until about Jan of 1981 ( when Reagan become president) after that it went down the crapper so to speak and obviously you failed to see that it in 2007 was falling over 40% below in just keeping up with inflation.

""The federal minimum wage has never included a feature by which it automatically increases each year to ensure that it maintains its purchasing power. As a result, Congress has to act to provide such adjustments.

These adjustments have not always occurred in a timely fashion. Nonetheless, from 1938 to 1981, they did occur with enough regularity that the minimum wage generally either rose in purchasing power or remained relatively stable in real value.""

Last being commentary from CBPP but it displays that up until 1981 min wage was mostly keeping pace with inflation after that it stopped.

I pointed out that it kept mostly pace with inflation dont know where you get the idea that i didnt. But unlike you i can see it hasnt kept pace in the last 30 years and as a result it is too low. So explain why it is a good idea that it had fallen behind inflation by over 40% in 2007 ( the Fair Minimum Wage Act of 2007 solved a little bit about this problem but not all of it)

The Federal minimum wage started off being around $5 in 2012 dollars. After that point it was outpacing inflation until it couldn't keep up anymore in the mid 70s. From that point forward the 10%-12% annual inflation that the minimum wage was causing was too much to justify accelerating its rise further.

[Wells]

It must be just coincidence that businesses are announcing massive layoffs, either subtly or non-subtly, post-election.

Confirmation bias all up ins.

[stumpy]

But then you'd have to find a way to compel the teacher unions to compel the teachers to actually teach and educate instead of shoveling the kids thru the system and using them as props for your teacher strikes and political demonstrations.

This is pretty damn pitiful, even for you.

[Laize]

You dont need to explain anything, just plug some of your quoted numbers in and you will see how far behind min wage is today.

1 dollar 1956 ==>> $8.50

1.15 in 1961 ==>> $8.90

1.25 in 1963 ==>> $9.45

1.40 in 1967 ==>> $9.70

1.60 in 1968 ==>> $10.64

It is pretty obvious when you even study the numbers you linked to that it hasnt kept pace with inflation, I mean last time i checked we didnt have 10 dollar min wage, If anything it needs to be raised to about 12-13 dollars and ontop of that it needs to be automatically adjusted for inflation.

You're being ridiculously obtuse and I'm almost through talking to you because of it.

If you can't see how the minimum wage was outpacing inflation and causing MORE inflation because of it then I really don't have anything more to say.

Here's the historical inflation rates of the United States

Please pay very close attention to years following the introduction of the minimum wage, years it was increased significantly, and especially the mid 70s to early 80s.

Then look at what happened to inflation when we stopped practically doubling the minimum wage every 10 years.

[Riidii]

Confirmation bias all up ins.

It couldn't be what you were hoping for.

It kind of makes me laugh in a sick way, thinking of one of those workers who voted for Obama, who then got laid off the next day.

Tee hee hee.

Decisions have consequences? You mean, "free" things have costs?

[Wells]

It couldn't be what you were hoping for.

It kind of makes me laugh in a sick way, thinking of one of those workers who voted for Obama and then got laid off the next day.

Tee hee hee.

Decisions have consequences? You mean, "free" things have costs?

Can you please try your hardest to engage in a discussion that isn't just a Gish Gallop of talk radio reruns?

Boeing's Defense Division is laying off people for the same reason every other arms manufacturer is cutting costs right now. Less spending on defense. I know you wanted government to cut spending. This is the result. When you cut government spending you're going to see people lose jobs in the private sector.

[Laize]

My point is that if you want to help poor people, I'm all ears, but 74 years of minimum wage increases have done NOTHING for poor people in the long term aside from cause ridiculous rises in inflation rates.

Why can't we just call it a failed experiment and move on to solutions that might actually work? Like the Negative Income Tax!