Companies not going to hire. Cite fiscal cliff, ie, Obama's policies

[SwampThing762]

Fewer US CEOs planning to expand, hire     Must Read?Yes     4          Email Story Print    By CHRISTOPHER S. RUGABER, AP
 4 hours ago
   WASHINGTON — A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers.
The Business Roundtable said Wednesday that only 29 percent of its member CEOs plan to increase hiring over the next six months. That's down from 36 percent in June, when the group last released its quarterly survey. It's also much lower than the 52 percent of CEOs in early 2011 who said they planned to boost hiring, the highest percentage since the survey began in 2002.
Jim McNerney, chairman of the Roundtable and CEO of The Boeing Co., said CEOs are worried about the impact of budget cuts and tax increases that are set to take effect at the start of next year. The pending U.S. budget changes are known as the "fiscal cliff." Chief executives are also concerned about economic slowdowns in Europe and China.
The cliff "certainly throws cold water on long-term business planning," he said in a conference call with reporters.
Only 30 percent of CEOs expect to increase their investment in capital goods such as machinery, computers or other equipment. Companies usually buy such goods when they are expanding. That's down sharply from 43 percent three months ago.
Large-company CEOs are more pessimistic about their future sales and the overall U.S. economy, the survey found. While 58 percent expect their sales to increase over the next six months, that's down from 75 percent in the June report. And the CEOs forecast the economy will expand just 1.9 percent this year, below their 2.1 percent forecast three months earlier.
McNerney said that when companies expect growth below 2 percent, "you're not adding jobs." Instead, they will simply push their work forces to be more productive, he said.
The Roundtable's overall CEO Outlook index fell to 66, the lowest since the third quarter of 2009, when the economy was just emerging from recession. Any reading above 50 suggests the economy is expanding.
Still, the negative impact of the fiscal cliff could be offset after the presidential election if Congress postponed the cuts and tax increases and agreed on a longer-term framework for reducing the deficit, McNerney said.
The downbeat view among chief executives is in contrast with a report Tuesday showing that consumers are more optimistic. The Conference Board's Consumer Confidence Index rose in September to its highest level in seven months. Rising home values and stock prices have boosted Americans' confidence that the economy will improve in the coming months. More people even expected hiring to pick up.
The Business Roundtable represents the CEOs of the 200 largest U.S. corporations. The survey results are based on 138 responses received between Aug. 30 and Sept. 14.


from www.comcast.net

[DDZ]

Its just not corporations that are not hiring, its also the thousands of small businesses, that employ the majority of America's workers. If you owned a business in this environment with this administration in place would you want to hire and expand your business? Especially when this administration has done nothing to better the climate for businesses. All they have done is tell them they haven't been paying their fair share. What incentive is there to even think about expanding?  With a hostile business environment corporations not only don't hire, they leave the country. 

[powderman]

I know of several business that are being forced to cut hours and employees. Husseins change is really sinking in. Be proud obama supporters, hussein built this. POWDERMAN. 

[Cuts Crooked]

  Try as they may to pump up the bubble it just hasn't happened.
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..TM7

Well of course not! With Obama's disastrous policies in place they cannot do anything to "pump up"!

[ChungDoQuan]

They weren't going to hire anybody anyway. They haven't, in twelve years of Bush tax cuts. Only one thing trickles down, or rolls down, if you're particularly unlucky. The world has to realize--- jobs for uneducated workers are never coming back--- except as minimum wage jobs. Unfortunately, bigger government is your only protection from big business. If Mitt wins, it will be the same as a corporate/Wall Street coup in the US government. Not a good choice.

[Dee]

LOL! Now that IS funny.

[ChungDoQuan]

I've been saying that for years--- wealth is accumulated, not created. The situation now is so few have accumulated so much that any way you slice it, the economy is not going to get better until some of it does get "redistributed" one way or another. And, if your job can be done by a third world rice farmer, THAT'S your competition for that job, like it or not--- if you can't do it cheaper, you're not going to be doing it.

[SHOOTALL]

They weren't going to hire anybody anyway. They haven't, in twelve years of Bush tax cuts. Only one thing trickles down, or rolls down, if you're particularly unlucky. The world has to realize--- jobs for uneducated workers are never coming back--- except as minimum wage jobs. Unfortunately, bigger government is your only protection from big business. If Mitt wins, it will be the same as a corporate/Wall Street coup in the US government. Not a good choice.

I disagree . When Bush was in office things were going well. I watched the number of workers drop from over 135 to under 30 as he lefyt office . Now there is work but its not alot of back log (future work to start) due to policy from Washington . Then add the health care act and small business compinies are not willing to take on work that requires them to have over 50 employees until they see how the HCA will pan out. BTW 50 is the magic numbe it seems. If Mitt wins it will be a better enviroment to conduct business as it would be less CHANGE which mean more stable and predictable which is better to encourage investment . When you consider our economy is based on investment and free market less govt. means people working . You should look deeper than the socialist BS .

[gypsyman]

CDQ, sorry to burst your bubble. Just last night there was a news story about how high college student loans were getting, and over 1 trillion dollars to the govt. is owed by graduates. This is from federal govt. sticking it's nose into where it doesn't belong. Tution is way over priced, college professors are way over paid, and, to borrow a phrase from a Chicago pastor, the birds are coming home to roost. I've met quite a few over the road truck drivers, that have a college degree, and make more money doing that, than what they might find in the job field their degree is in. As far as company's not hiring, if you do some reasearch, you'll find out that especially with Obamacare in place, they can't afford to hire anybody. gypsyman

[powderman]

[SHOOTALL]

The other 31 % don't have a clue !

[ChungDoQuan]

That doesn't mean anything. A "small" business is anything with fewer than 500 employees and can make up to $7 million a year ($33.5 million for construction.) Those small businesses are not small. I started mine three years ago and it's doing just fine--- one employee. THAT'S a small business! 

http://www.sba.gov/content/summary-size-standards-industry

[SHOOTALL]

If you started 3 years ago you have not experinced good times yet 

[Dee]

Well, anyone that thinks that bigger government, and redistribution of wealth is necessary, has not a clue of what they are talking about. A one man business, 3 years old, is not proof of anything. I have had a successful business, that did not require redistribution of ANYONES wealth, I got no government help, but got the hell taxed outta me, and it was successful until the day I sold it. The second business I started was going well until the economy fell.
Three years, one employee, does not an expert make. You have much to learn about our "free market", "capitalist economy". That you have saying something for years, does not make it FACT, it just means you have been repeating yourself.
We need less government regulations, and less taxes, and less government in general. I don't want someone else's money! I want the Government to stop taking mine, and get the hell outta my way, so I can keep making it. My 63 years have PROVEN TO ME. THE GOVERNMENT PRODUCES NOTHING! And GIVES NOTHING!

[SHOOTALL]

Well Dee the govt. produces debt .    and seem to be good at it .
But what do I know having only been part owner of a small business for 21 years in a business I have worked in for over 40 years .

[ChungDoQuan]

The "free market capitalist economy" is what is wrong with America. Capitalism is not the same as democracy. It may not even be compatible. Anyway, my point was that the 69% that make up "small businesses" are in reality quite large businesses.

[Dee]

Your right! CAPITALISM is NOT the same as DEMOCRACY. CAPITALISM is "FREEDOM TO SUCCEED INDIVIDUALLY", and DEMOCRACY is "MOB RULE"! AND! Where do you come up with this 69% figure?

[SHOOTALL]

You may be correct about capitalism and democracy but it does not apply to America in the least WE ARE NOT A DEMOCRACY ! We are a federal govt . We are repsented not each voting on every law . That may be why you can't understand the reason big govt, hurts business and why redistribution of wealth harms progress in hireing and production.

[ChungDoQuan]

... AND! Where do you come up with this 69% figure?

Couple of posts back--- # 11, I believe. And, I challenge anyone who believes in "free market capitalism" to go toe-to-toe with the Chinese in a manufacturing venture--- "free market" means NO restrictions, after all. Drug dealers wish it were really a "free" market.

[Dee]

The description on your posted website was INDUSTRIES, and is hardly comparable with "small business". This firm in the article is giving their opinion, and government standards, and as we know the government is oblivious to what makes the economy go, and cannot even define "middle class", much less "small business.
China as an example is part of the problem, and has little to do with "free market", and everything to do with "trade restrictions", and our own EPA amoung others.
As far as drug dealers, that is something that I happen to know a lot about, with 20 years of first hand knowledge, and on hands experience. If illicit drugs were opened to "free market", i.e. de-criminalized, drug dealers would be out of business in less than a month.
It would appear your "socialistic views" come from youth, government propaganda, and inexperience, rather than "actual business experience".
Your view is a "governmental socialist" view, while mine is a "free market-less government" view. Yours is "more government", "less freedom", and mine is, "less government", "more freedom". The two won't mix, so there is little else to say. I hope that your 3 year old, one man business, succeeds, but it is by no means a measuring stick for an economy, and should it be a "Martial Arts Studio" one's over head is fairly small save a good insurance policy for the building and rent. If the economy gets worse, even that type of business will suffer. If that is your business. Good day.

[mechanic]

Chung, may I suggest you move your small business to Cuba?  There you will have all the government you could want.
 
In the meantime, you are welcome to expouse communism here, just don't expect many of us to agree with you.
 
Ben

[ChungDoQuan]

I'm not going anywhere. And my business is doing well under Obama, as I said before. I don't know why y'all are calling it communism--- I'm just calling your bluff. It's impossible for me to be a communist all by myself. You want no restrictions on competition, then put your money and your business where your mouth is: compete. With India. With China. With Malaysia. For that matter, let the government offer a health care plan and let the insurance companies compete with that. Get some REAL price lowering competition going.

[mechanic]

Chung, the government already has imposed a health plan as you know, and the taxes are already beginning to kick in.  The house that I'm stuck with that I moved from 5 years ago, is worth less  than I owe.  If and when I sell it, I will probably get socked with a Fed. tax now on the sale, which makes it even harder.
 
The governments answer to everything is more tax.  And more control.
 
The current health plan as much as we know about it, will close the doors of private insurance, which was the plan all along.
 
I'm old enough to remember pre medicare and medicaid.  I bought my own health insurance out of my own pocket, and it was reasonable, and paid 100%.
 
Then the govenment got involved.  Thanks government.
 
Ben

[SHOOTALL]

Chung , OK we can compete with the others in the world you mention cheape (slave in some cases ) labor. What would happen to those countries if American support was cut off ? Let them defend themselves and build infastructure like power plants and water treatment etc. Then who would provide the tech help ? Where would design come from ? An item as simple as ball bearings could not be produced better than in The USA until Bill Clintion gave away the technology. I say if America cut off help most of the countries you mention would be back tribal in a few years if it took that long.
You started in a depression you don't know what good is IMHO.

[mechanic]

TM, Marxism didn't start out as something BAD, remember.  Incrementally, it became something BAD.  When you place your dependence and trust in anyone or anything, they own you.  I don't want to be owned by the government.  Therefore I resist any attempt to subvert the constitution and take away my freedom and control.
 
Obama is not the first, he's just the latest in a long line of men who have expanded the power of the executive branch. 
 
If we don't get back to something close to the constitution, we are goners as a nation, and then you will see how Marxism really feels.
 
Yes the USA is still the best place on earth, but we are giving that away at a rapid pace.
 
Ben

[SHOOTALL]

Uh-huh!  If what is going on in the USA remotely resembles Marxist communism...I'll eat my hat.
 
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http://www.gboreloaded.com/forums/index.php/topic,265275.0.html
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.....TM7

Hum what does it look like in the begining ? the pre stage ? Some in this country have always been for communism . Thank God they were small in numbers. In places it might look .............

[Dee]

I will say that you guys are wasting your time with CDQ, but your all adults and free to do so. He believes he knows better, and most likely is a youngster, whom has not been around that long. What he and others don't realize, is that although we are deep in debt to China, as well as Japan, we also STILL send the foreign aid, and prop up their economies. CDQ in my opinion most likely owns a little Martial Arts Studio (most likely TaeKwondo), and is teaching kids whose parents need a break, and have extra money. This is not a bad thing, but is not a "necessary thing".
When the economy goes farther south because of governmental meddling, it will no longer be that successful, and this is to say, ONLY if my guess on his business is right. It is good to be young, and confident, but sometimes one talks about something they believe they know about, and they actually don't. He has already proved that point to me, so what is the point of continuing. He will not educate to individual freedom because he does not actually know what it is.

[ChungDoQuan]

Most of the national debt is owed back to US citizens, through bonds and borrowed money from Medicare and Social Security. Our biggest foreign debtor is China, who holds about 8%. You're also wrong about what I do, but it's interesting watching you wander in your wondering. My job is secure; the need never goes away--- it only grows.

[mechanic]

• Hong Kong: $121.9 billion (0.9 percent)
• Caribbean banking centers: $148.3 (1 percent)
• Taiwan: $153.4 billion (1.1 percent)
• Brazil: $211.4 billion (1.5 percent)
• Oil exporting countries: $229.8 billion (1.6 percent)
• Mutual funds: $300.5 billion (2 percent)
• Commercial banks: $301.8 billion (2.1 percent)
• State, local and federal retirement funds: $320.9 billion (2.2 percent)
• Money market mutual funds: $337.7 billion (2.4 percent)
• United Kingdom: $346.5 billion (2.4 percent)
• Private pension funds: $504.7 billion (3.5 percent)
• State and local governments: $506.1 billion (3.5 percent)
• Japan: $912.4 billion (6.4 percent)
• U.S. households: $959.4 billion (6.6 percent)
• China: $1.16 trillion (8 percent)
• The U.S. Treasury: $1.63 trillion (11.3 percent)
• Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

[Dee]

I learned early in business, and think that if "EVERY American" paid "quarterly taxes", and actually got to write the check for the government money confiscation, 4 times a year, that public hangings of politicians would come into vogue.