Tag: Business

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Arizona Featured gun

Republican Gun Business Owner Takes Aim At Obama Supporters – “Your Business Not Welcome”

There have been no shortage of sore losers in the aftermath of last week’s presidential election, but Pinetop, Arizona, may be home to the sorest loser of them all.

Cope Reynolds, who runs the Southwest Shooting Authority gun shop in the small Navajo County town of 4,000, spent his own (presumably) hard-earned money to take out a full-page ad in the White Mountain Independent declaring all Obama voters personae non gratae.

“If you voted for Barack Obama you business is NOT WELCOME at Southwest Shooting Authority,” reads the ad. “You have proven you are not responsible enough to own a firearm.”

(For the record, should Obama supporters in Pinetop heed the ad and stay clear of Reynolds’ shop, he stands to lose about a 736 potential customers.)

h/t Gawker

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Barack Obama Politics United States weekly address White House

Weekly Presidential Address: Helping American Businesses Succeed

In his weekly address, President Obama highlighted companies and businesses that are bringing the jobs back home.

This week, I invited executives from businesses that are insourcing jobs to a forum at the White House. These are CEOs who take pride in hiring people here in America, not just because it’s increasingly the right thing to do for their bottom line, but also because it’s the right thing to do for their workers and for our communities and our country.

And the President spoke about the tax incentives he is offering to these businesses;

I will put forward new tax proposals that reward companies that choose to do the right thing by bringing jobs home and investing in America – and eliminate tax breaks for companies that move jobs overseas.

Just another move by the President to put the American people back to work.

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Barack Obama Mitt Romney Politics Republican Tax break tax cuts United States White House

President Obama To Offer Tax Breaks To Companies Bringing Jobs Back Home

Report from the The Wall Street Journal

President Barack Obama said he will propose new tax incentives to encourage businesses to “bring jobs home,” a move that could sharpen differences with Republicans in an election year.

Mr. Obama also said Wednesday he would suggest eliminating “tax breaks for companies that move jobs overseas.” Administration officials said details won’t be released until the president issues his proposed budget next month.

In past years, most of the administration’s plans to limit tax breaks for multinationals have stalled amid opposition from businesses and Republicans. Tax experts said the proposals could include new investment subsidies such as more-generous depreciation, lower tax rates for income derived from innovation produced in the U.S. or expanded breaks for domestic research or manufacturing.

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Politics weekly address

President’s Weekly Address – Bring The Jobs Back Home

In his weekly address, President Obama had a message for the business committee – bring the jobs back home.

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Georgia Politics

Georgia Businessman Says No More Hires Until President Is Fired

Although companies have already made trillions in profits under the Obama administration – the fastest accumulation of wealth in decades –  and although companies have already received over 17 tax cuts and subsidies over the last three years, there are still some “businesse owners” out there who buy into the Republican talking-point that businesses are suffering because of Obama.

Bill Looman, owner of U.S. Cranes LLC, said he is fed up with the bad economy and D.C. politicians who do nothing to solve the problem. So until there is a change of leadership, his company trucks will bear the message: “New Company Policy: We Are Not Hiring Until Obama Is Gone.”

“Can’t afford it,” Looman told the local Waco, Ga., television stationWXIA-TV. “I’ve got people that I want to hire now, but I just can’t afford it. And I don’t foresee that I’ll be able to afford it unless some things change in D.C.”

If a climate favorable to businesses cannot influence a businessman to hire, then maybe he should not be in business. Maybe they should shut down their operation and join politics. In Mr. Bill Looman’s case, he’ll fit right in with the do-nothing-to-help-the-economy Republicans.

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Politics United States

Banking 101: Fractional Reserve Lending – Video

Your bank is required to keep only a fraction of your cash deposit in its vault. The bulk of your money gets loaned out, paid off and redeposited into the banking system. This happens an exponential amount of times, creating a “virtual” accumulation of wealth for your bank off of your one deposit.

Is there the possibility of corruption and fraud based on such a system…uh, yeah!

Watch this video from THRIVE:

 

THRIVE is an unconventional documentary premiering online on 11.11.11 at   http://thrivemovement.com/.

 

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Barack Obama Energy Politics United States weekly address

Tax Cuts For The Rich – Not Right, Not Smart, Must End – Obama

President Obama in his weekly address;

Now, I don’t have a problem with any company or industry being rewarded for their success. The incentive of healthy profits is what fuels entrepreneurialism and helps drives our economy forward. But I do have a problem with the unwarranted taxpayer subsidies we’ve been handing out to oil and gas companies–to the tune of $4 billion a year. When oil companies are making huge profits and you’re struggling at the pump, and we’re scouring the federal budget for spending we can afford to do without, these tax giveaways aren’t right. They aren’t smart. And we need to end them.

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Domestic Policies Employment

A.D.P Reports Private Employment Increased In January

A recent report from Automatic Data Processing (ADP) shows the following improvements in the job market.

Private-sector employment  increased by 187,000 from December to January on a seasonally adjusted basis, according to the latest ADP National Employment Report released today. The estimated change of employment from November to December was revised down by 50,000 to 247,000 from the previously reported  increase of 297,000.
This month’s ADP National Employment Report suggests solid growth of private nonfarm payroll employment heading into the New Year.  The recent pattern of rising employment gains since the middle of last year appears to be intact, as the average gain over December and January (217,000) is well above the average gain over the prior six months (52,000).  Strength was evident within all major industries and across all size business tracked in the ADP Report.
According to the ADP Report, employment in the service-providing sector rose by 166,000 in January, marking twelve consecutive months of employment gains.  Employment in the goodsproducing sector rose 21,000, the third consecutive monthly gain.  Manufacturing employment rose 19,000, also the third consecutive monthly gain.
Employment among large businesses, defined as those with 500 or more workers, increased by 11,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 79,000. Employment among small- size businesses, defined as those with fewer than 50 workers, increased by 97,000.
In January, construction employment dropped 1,000.  The total decline in construction employment since its peak in January 2007 is 2,311,000. Employment in the financial services sector increased 3,000 in January.
Tomorrow, the official BLS report ( Bureau of Labor Statistics ) comes out, and although that report is expected to show an improvement in January’s job figures, the unemployment rate is expected to climb slightly to 9.5%
Read the full report here.
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