Guess who's not invited to our esteemed president's job creation summit today?
That's right, the Chamber of Commerce, which represents most small businesses. How many jobs do small businesses provide? 70% of them. Let me repeat that: SEVENTY PERCENT OF U.S. JOBS ARE CREATED BY SMALL BUSINESSES! And they have NO PLACE AT OBAMA'S TABLE!
So just who is invited? Let me see: unions, green groups, business leaders and economists supportive of White House policies, etc. What is this? It's not a JOBS SUMMIT. It's a SPECIAL INTEREST MONEY GRUBBING SUMMIT.
It's also a job protection summit: for Obama.
What will come out of this? My predictions are:
(1) They will say that the government needs to provide healthcare so the businesses won't have to.
(2) The government needs to spend more on green jobs.
(3) Small businesses (not represented at all) need to not be so greedy and hire more people at higher salaries.
Really helpful summit!
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Thursday, December 3, 2009
Sunday, October 25, 2009
From Yahoo News: FACT CHECK: Health insurer profits not so fat
WASHINGTON – Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry.
In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."
Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones. [Click to read]
Once again, the Obama administration is creating strawman "enemies"--he really learned from Mussolini!
From CNN: Bank failures stack up: Now 106 for 2009
Banks in Florida, Georgia, Illinois, Minnesota and Wisconsin, were shuttered, costing the FDIC an estimated $356.6 million.
NEW YORK (CNNMoney.com) -- The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year's 106th closure.
That's more than four times the number that were closed in 2008, and the highest total since 1992, when 181 banks failed. [Click to read story]
Still more fallout from the Clinton era--pushing banks to lend money to people who couldn't afford to pay it back--all in the name of "racial equity." If you remember, the Bush administration tried multiple times to fix this, but were blocked by the Democrat Party--especially Barney Franks--from doing anything! Now we're in the worst economy since the one that Carter caused.
We're still better off than the Carter Recession, though. Remember 20% inflation with 10% unemployment? I sure wish the news media would quit calling the current recession the "worst economy since the great depression." It's an outright lie!
WASHINGTON – Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry.
In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."
Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones. [Click to read]
Once again, the Obama administration is creating strawman "enemies"--he really learned from Mussolini!
From CNN: Bank failures stack up: Now 106 for 2009
Banks in Florida, Georgia, Illinois, Minnesota and Wisconsin, were shuttered, costing the FDIC an estimated $356.6 million.
NEW YORK (CNNMoney.com) -- The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year's 106th closure.
That's more than four times the number that were closed in 2008, and the highest total since 1992, when 181 banks failed. [Click to read story]
Still more fallout from the Clinton era--pushing banks to lend money to people who couldn't afford to pay it back--all in the name of "racial equity." If you remember, the Bush administration tried multiple times to fix this, but were blocked by the Democrat Party--especially Barney Franks--from doing anything! Now we're in the worst economy since the one that Carter caused.
We're still better off than the Carter Recession, though. Remember 20% inflation with 10% unemployment? I sure wish the news media would quit calling the current recession the "worst economy since the great depression." It's an outright lie!
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