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Household income


Posted: Sep 26, 2012

Household Incomes Fall In Aug., Off 8.2% Under Obama That's definitely true in my world. http://news.investors.com/092512-626958-household-income-down-82-under-president-obama.aspx;

Even truer in my world. - SK1

[ In Reply To ..]
Our income is considerably less than it was when Obama came into office. I haven't done the numbers in percentages.... It would be too depressing.

What would Romney do to increase household - income? Please don't SM

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regurgitate the trickle down theory..proven to not be a viable solution. So what else? IMO, it would not get better with republicans in charge for normal everyday americans. Until pay keeps up with inflation, no one can get ahead. I make today what I made 30 years ago when I was a single mom, my rent was about $300 a month, etc. The job makers offshore jobs, this is a big component to the problem, I think. This won't stop under republicans, will it? Obama wants to fine those that offshore, reward those that don't. Do the repubs want to do this as well? I don't think so.

A couple of things.... - SK1

[ In Reply To ..]
Business owners are frightened of this administration. They're not hiring and not expanding. In interviews, I've heard them say that they may have to downsize because of Obamacare. Others say the taxes are killing them.

The Feds are printing money right and left. THAT'S certainly not going to help inflation. At some point the whole system is going to crash.

Sk1: Would you mind explaining this a little - more? I know there are SM

[ In Reply To ..]
some knowledgeable posters here who could also chime in if they would like. I am not completely in the dark about this issue regarding small business, but I hear conflicting things. What stands out to me is the general idea that Romney will just go back to Bush policies, cut taxes for well off Americans and deregulation of business. This is a big part of what tanked the economy IMO. Help me understand where small businesses (and what is considered a small business?) fall into this.
Here's one article, just written.... - SK1
[ In Reply To ..]

It repeats pretty much what I've heard over the past 3 or so years......


From The Washington Examiner:


 


Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.



“There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”


The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.


Here are the key findings in the poll, as highlighted by NAM:



  • 67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.

  • 69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.

  • 55 percent say they would not start a business today given what they know now and in the current environment.

  • 54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.


“Instead of smoothing the way, our government continues to erect more barriers to growth through burdensome regulations that increase costs for small businesses and all Americans,” NFIB president Dan Danner said.


Those statistics suggest that even Democratic and independent small business owners criticized Obama, because only 46 percent of poll participants identified as Republicans, per Roll Call.


“It’s clear that small business owners and manufacturers are becoming increasingly more frustrated by the federal government’s inability to solve America’s economic problems,” Bill McInturff, whose Public Opinion Strategies conducted the poll. “Manufacturers place most of the blame squarely on policies coming out of Washington.”
Then why is the opposite happening? - Opinion survey -vs- facts - sm
[ In Reply To ..]
On Thursday, a competing payroll services provider, ADP, reported that the private sector added 201,000 jobs in August, achieving its largest gain in five months and surpassing July’s revised tally of 173,000 added jobs, with small businesses with less than 50 employees adding 99,000 jobs in August (see ADP Finds Private Sector Added 201,000 Jobs in August). Intuit reported Wednesday that small businesses with fewer than 20 employees created 30,000 jobs in August, based on Intuit Online Payroll clients (see Intuit Finds Small Businesses Added 30,000 Jobs in August). The official U.S. Bureau of Labor Statistics jobs report on Friday found that employers added 96,000 jobs in August, with the private sector adding 103,000 jobs, offset by job losses in the public sector (see Employers Added 96,000 Jobs in August).
In context.... - SK1
[ In Reply To ..]

It makes a difference when you don't cherry pick information.  Here's the entire article you lifted your statement from.  (I add bolding for emphasis).


 



CBIZ reported a rebound in small business employment in August among its payroll clients following a decrease in July.






The CBIZ Small Business Employment Index, a barometer for hiring trends among companies with 300 or fewer employees, increased by 1.15 percent in August, following a decrease of 1.57 percent in July, the company said Friday.


On Thursday, a competing payroll services provider, ADP, reported that the private sector added 201,000 jobs in August, achieving its largest gain in five months and surpassing July’s revised tally of 173,000 added jobs, with small businesses with less than 50 employees adding 99,000 jobs in August (see ADP Finds Private Sector Added 201,000 Jobs in August). Intuit reported Wednesday that small businesses with fewer than 20 employees created 30,000 jobs in August, based on Intuit Online Payroll clients (see Intuit Finds Small Businesses Added 30,000 Jobs in August). The official U.S. Bureau of Labor Statistics jobs report on Friday found that employers added 96,000 jobs in August, with the private sector adding 103,000 jobs, offset by job losses in the public sector (see Employers Added 96,000 Jobs in August).



CBIZ Payroll Services manages payroll services for more than 3,000 businesses. Its index reflects industries and geographies corresponding to the markets across the United States where CBIZ provides human capital services.


Of the companies surveyed by CBIZ, 29 percent increased their staffing numbers while 20 percent of the companies decreased employee headcounts. Fifty-one percent of the companies surveyed maintained their number of employees.


As the so-called “fiscal cliff” approaches, more small business owners may be hesitant to hire new employees in anticipation of a reduction in business demand, CBIZ noted. And as students return to college campuses and the summer travel season wanes, CBIZ expects to see the index turn negative for September before heading higher once more as we approach the holiday shopping season.


“In order to have a material impact on the broad number of unemployed Americans, job growth will need to continue to grow at a pace much faster than we have experienced over the past few months,” said CBIZ Payroll Services business unit president Philip Noftsinger in a statement.
Cherry picker? I was being kind to you. - nm
[ In Reply To ..]

Do I have to get tough?   How long do you have to have job growth before it is not cherry picking? 





Photo
No need to be kind. Facts are facts.... - SK1
[ In Reply To ..]

1.  We were talking about small businesses.  Now you've expanded the conversation to include the entire private sector.  Apples and oranges.

2.  Using your own chart, any job growth that HAS been created, does not even begin to recoup the losses created in the first part of the administration.  And that doesn't factor in underemployment of those reemployed.  

Back to SMALL business..... Here's another article recently published about the possible future of small business outlook.  I'm not making this stuff up.  It's all over the news.  You don't have to look very far.


From the Washington Post.....


A looming package of federal spending cuts could put nearly 1 million small business jobs at risk across the country — more than half of them in defense industries, according to projections in a new study.


The across-the-board “sequestration” cuts are scheduled to go into effect in January in accordance with The Budget Control Act of 2011, which mandates more than $1 trillion in budget reductions over the next nine years. Small businesses in defense-related industries are expected to lose around 520,000 jobs as a result, the Aerospace Industries Association study showed, and around 956,000 across all industries.


On Thursday, several small business owners told lawmakers that the mere possibility of spending cuts is already preventing them from planning effectively for future contracts.


“The threat of sequestration creates uncertainty, which paralyzes small businesses,” Mark Gross, chief executive of Raleigh, N.C.-based Oak Grove Technologies, testified during a House Small Business Committee hearing, later adding that “without reasonable assurances of future business, small businesses cannot plan for the future and are not likely to invest in the company’s growth by acquiring additional equipment, facilities, or personnel.”


Gross’ Alexandria-based firm provides information technology services and training for special forces and other military agencies. Seventy percent of its employees are veterans, including Gross.


In response to the threat of sequestration, Gross said he is consciously cutting back on Oak Grove Technologies’ spending.


“We are putting much of our planned construction on hold, minimizing our marketing campaigns and trade show participation, and in general tightening our belts because of the uncertainty surrounding sequestrations,” Gross said at the hearing.


Department of Defense budget cuts would hit especially hard in Virginia, which could lose 65,000 defense-related jobs, according to the study. California and Texas were next, projected to lose 64,532 and 47,240, respectively.


Aerospace and defense programs in the United States often rely on small businesses for supplies — in 2011, the Department of Defense awarded 20 percent of its prime contracts to small businesses, and NASA awarded 18 percent.


George Mason University economist Stephen Fuller, who collaborated with the AIA on the study, estimated that sequestration could put 2.14 million jobs at risk in 2013 alone, according to the report. Forty-five percent of these losses in the first year of sequestration could come from small businesses, according to Fuller’s analysis.
Ha. Ha. Now extrapolated in perhaps, maybe, in the future? - sm
[ In Reply To ..]
Too bad your President Bush did not have your power to see the future. Your article looks like future cherry picking. Will there be a drought next year. I would like to buy some corn and bean futures.
MY President Bush? - SK1
[ In Reply To ..]
What does that even mean! You certainly don't know who I voted for in 2008. Methinks you presume too much.

As for future trends, I leave that to the experts, which is what I did by presenting the article.

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