Many of us ‘liberals’ have been bitching that the Congress has done nothing to create jobs and after all that is the single most important election issue that got many of these people elected and sent to Washington….and since they have been in the capital they have offered up bills on everything from re-naming post offices to contraception to …..just about everything but JOBS……and now there is a Jobs bill headed to the president for his signature…..that is right….you heard correctly…..a new jobs bill waiting for the prez to put his John Hancock on the dotted line……..SURPRISE!
So how much have you heard about this bill?
A rare bi-partisan bill? Well it is election time and they do not want to be beat to death about doing nothing to create jobs……the truth is this bill does more to help businesses than it does to create many jobs…..as always the financial side of the argument won out and the people needing more and more jobs lose….yet again……
The House on Tuesday signed off on the final version of the package, aimed at helping small businesses and startups more easily raise capital by loosening various Securities and Exchange Commission regulations.
“The bipartisan JOBS Act represents an increasingly rare legislative victory in Washington where both sides seized the opportunity to work together, improved the bill and passed it with strong bipartisan support,” House Majority Leader Eric Cantor (R-Va.) said in a statement.
Politico is reporting……Senators tweaked the package to include an extra layer of restrictions on crowdfunding, which allows companies to raise smaller amounts of money from more people without subjecting them to SEC rules.
The JOBS Act is a collection of six measures that its backers say would make it easier for companies to go public more quickly and raise money. (and here is who the politicians are protecting….NOT YOU!)
For instance, it allows more shareholders to invest in companies without triggering SEC regulations. Other components allow small businesses to use ads to solicit investors and permit more companies making public offerings to opt out of SEC rules.
The bill, soon to be a law, has done very little for the middle class….it has made it easier for companies to raise money……you kinda like Apple…..and how many new jobs does their IPO create? Once again we see that the people we elect spend all their time and energy working for businesses and not the people that voted them into office….this will not create enough jobs to give validity to the title of the bill…….How much more pathetic can these baboons become?
I will pause here for the people to shake their heads and laugh out loud…..we working stiffs are so SCREWED!
More lipstick on a pig action in an attempt to make the voters think they really are doing something to help anyone other than themselves. I think Snowe was smart to get out before it all caves in on them.
Larry,I think a bunch of them are smart to cut and run….
Lobotero,
If investors are able to pour more capital into companies, then companies can expand hire more people. You can assume the expansion will be almost unilaterally beneficial to overseas workers, but you have no proof of this.
You say the bill has done very little for the middle-class, but could that be because it hasn’t yet been signed into law? Furthermore, the “middle-class” represents an income bracket, not flesh and blood human beings that move from bracket to bracket – usually up; rarely down – over the years. The Left can spin things however they want, but when you look at individuals rather than income brackets, you begin to realize that free-market economics is the best way to go. Central planning certainly doesn’t work.
Terrance, I know everybody wants to believe the argument but these companies have been given tax break after tax break and they still are not hiring at a pace that will make the economy sound. But you are right , I have No proof that it will not create jobs , the amount we need….but the facts say that they are not at this time why would entice them to do it now?
Free markets are myth. There is No free market it is controlled by those that game the concept in their favor…..the oil industry I have offered up……I have written much on this concept….a great original idea, but today it s an election bumper sticker…..sorry but I do not see the individual as moving much other than down in today’s economy….
Central planning? What would you call the new Ryan budget? Or for that matter any budget offered by any candidate, prez or spokesman they are all a form of central planning.
Lobotero,
What companies, precisely? You say “these companies” but I’m not sure who you’re talking about. In my estimation, this bill will benefit smaller-sized companies who are looking to expand. Expansion, you know, generally requires hiring.
In what way are free markets a myth? When you say the “free market is controlled by those that game the concept in their favor,” it seems to me that you are expressing a general sense of ennui over…free market principles. By that I mean, what you see as a corruption of the free market is in reality the free market at work.
Not exactly. You’re nationalized oil companies idea is a micro example of what I’m talking about. By central planning I mean the witless attempt by a central authority to control every aspect of the economy. It is anathema to liberty; it is tyranny.
Terrance, I am talking about any company you desire…..Obama has signed 2 bills for the benefit of small businesses and most of the jobs gains have been from the larger multi nationals….I am not saying there is N hiring but at this rate will take about 20 years to return to pre-2008 levels…that is not going to help the middle class that no one wants to talk about realize that “American Dream”….
the only “true” free market is the drug trade and it is becoming gamed like the rest. Globalization ended true free markets,,,,why? The multi-nationals are buying up their competition and controlling both ends of the supply/demand curve…look at gas proces….each station/company is asking the same price…..if there was free markets then someone would offer it lower and try to make up for the loss in turn over…..just one example.
A budget is where money will be spent….so called central planning is where money ill be spent…in other words which part of the economic wheel gets greased….only difference is the title. For instance, did you know there is a tank that the pentagon does not want but Congress may force them to take delivery (example only)…… Read a budget, Ryan’s would be a good place to start……I also wrote some on this about a week ago and maybe you missed the posts…..
http://lobotero.com/2012/03/21/where-is-this-free-market/
http://lobotero.com/2012/03/22/what-is-this-economic-freedom/
Lobotero,
Given that 98.2 percent of businesses have fewer than 100 employees, 89 percent have fewer than 20, 78 percent have fewer than 10, and 60 percent have fewer than 5 employees, it’s hard to believe this most recent bill will benefit only multi-national corporations, when its purpose is to help with expansion costs. But if it fails, what solution do you recommend?
Just as I suspected. You are describing the free market at work.
Think about Henry Ford, for a second. How did he grow his fortune and become the number one automobile manufacturer in the world? He lowered his prices and sold more cars. By doing so, Ford grew his wealth and the wealth of those businesses that sold his product. Other companies were permitted to lower their prices, invest in technological development, buy up patents, and allowed to keep pace with the young man from Michigan known as “a little man challenging a monopoly.” It is Ford’s life that brings me to my point: a thorough understanding of free market principles, patience, and persistence will break the monopoly every time. Persistence is rare these days because everyone wants to get rich quick. It is much easier to sell a business at a high price than develop it. This is no reflection on free markets, however, but on human nature.
You once said that gasoline prices cannot be understood in supply and demand terms because oil is traded in futures. You also said that there are graduate level courses dedicated to understanding the complexities of oil markets. Yet, amazingly, you attempt now to use oil to prove your point about free markets, knowing that oil is not traded in a true free market precisely because actual supply and demand is an after thought.
I’m talking about planned economies, Lob, where a central authority sets the price of each product. Basically, this is your idea for oil. It will fail in the United States just as it has failed everywhere else it has been tried. Socialism and communism do not work.
Terrance, we are talking in different terms…I was talking about the definition of small business as defined by the SBA…now that we are one the same page then I will agree, the true Mom and pop small business is the place hiring is being done….
I offered up gas prices because we have discussed this in the past….because both ends of the curve are controlled…..and this is why they are not working today…..corporations are controlling the curve…..Ford would not be so successful today.
I am not picking one style of government over another only trying to explain that they all are similar in various ways……all governments plan their economies….and there is more to this than telling business what to charge for products……the thing is it is disguised under various other names….it does not work yet it is used almost everyday in many countries and under many different names…..
Globalization is killing the free markets…..I will be writing about a new threat next week…hopefully you will check it out…..
ON a personal note…..I hope all is well with your wife….and let the countdown begin…..
Lobotero,
Let’s look at that definition:
It seems to me this definition excludes the multi-national corporations you spoke of earlier. In my estimation, even this type of “small businesses” will benefit from the topic legislation. We must wait and see, however.
I’m merely arguing in favor of free market principles, which you admit are wholly absent with respect to oil. Since oil is traded in futures, I’ve heard that speculators are to blame. You say ExxonMobile is to blame. Well, I’m trying to understand how both those can be true at the same time.
I think you’re stretching a bit here, Lobotero. It’s true that government institutes policies that can affect the free market, but I wouldn’t call it “central planning.” The housing bubble, bank collapse, and Obama’s Reinvestment act clearly prove that, for the most part, the free market is unpredictable. It’s smarter than the elements that form the aggregate.
Central planning as I’m defining it has been abandoned everywhere it’s been tried, including communist China. It just doesn’t work. Communism and socialism try to create a perfect society that even the great philosopher Plato couldn’t do (see: Republic). They are contrary to human nature. Only the free market, as cruel as it can be at times, can satisfy human desire.
I’d like to figure out just what in the hell you are. You make some statements that make it seem as though you’re a communist or socialist, while other times it seems like you’re a traditional liberal. Just what in the hell are you? LOL.
As for globalization, well, I admit I’m basically an isolationist. I don’t like free trade.
She’s doing well. The baby will be here in May, but she’s hoping to have him any day because she’s quite tired of being pregnant. She usually loves being pregnant, but this kid, she says, is a crazy one.
personally, I think the free markets is an excellent idea…i just do not see it……IMO, I know that is worth very little in the whole scheme of things, a company that has $21 million or there about, is not a small business….but that is an argument for another day….
I know you realize that I am not pushing one form of government over another and that it is my opinion that socialism has never been truly attempted….but according to the CIA Factbook most countries that call themselves socialist or communist for far greater growth rates than the US…..we could explain that in several ways but that would keep both of us from enjoying the weekend…..LOL growth rate is one of the indicators that is used to report the health of the nation, economically that is……
Terrance, I call myself a revolutionary progressive….and it pisses me off that liberals have hijacked the term for their lame ass attempts to look relevant……I have explained this in the past….revolutionary meaning new ways of governing…..progressive meaning moving forward, never backwards…..I think that the people should be in charge of policy and not special interest that serve No one but themselves……I see good programs in many different areas…….to be truthful, I some times confuse myself…LOL
The baby sounds like he will be a chip off the old block, so to speak…..I wish her well…..
Yeah. We can debate this crap another day.
LOL. Yeah. He will be a chip off the old block, no doubt. I was and probably still am a wild one.
Have a good weekend. I’ll reading John Locke!
Thanx my friend…..the weekend is for mental cleansing…..LOL
*I’ll BE reading John Locke!
Excellent choice!