Aint gonna work on Barack's farm no moe.
Am I the only one who has noticed the latest trend at some retail shops? Because of the o-conomy being the worst ever since dhimmi Carter, retailers (including some nail shops, beauty salons, restaurants) have a cash-only policy. Temporarily. They use various excuses (i.e., the phone lines to the credit card companies are down), but the result is still the same. Cash only. Not all the time, but but busy times like weekends.
It's an intermittent band-aid.
Clearly, they can't afford the taxes or the mandate to insure part-timers under Obamacare.
Thomas Sowell: The vast uncertainties created by ObamaCare create a special problem. If employers knew that ObamaCare would add $1,000 to their costs of hiring an employee, then they could simply reduce the salaries they offer by $1,000 and start hiring.
But, since it will take years to create all the regulations required to carry out ObamaCare, employers today don't know whether the ObamaCare costs that will hit them down the road will be $500 per employee or $5,000 per employee. Even businesses that have record amounts of cash on hand are reluctant to gamble it by expanding their hiring under these conditions.
Many businesses work their existing employees overtime or hire temporary workers, rather than get stuck with unknown and unknowable costs for expanding their permanent work force.
As unusual as 9 percent unemployment rates may seem to the current generation of Americans, unemployment rates stayed in double digits for months and years on end during the 1930s. Franklin D. Roosevelt's administration followed policies very similar to those of the Obama administration today. He also got away with it politically by blaming his predecessor.
More Sowell in 2008:
We deserve something better than repeating the 1930s disasters.
With both Barack Obama’s supporters and the media looking forward to the new administration’s policies being similar to President Franklin D. Roosevelt’s policies during the 1930s depression, it may be useful to look at just what those policies were and — more important — what their consequences were.
The prevailing view in many quarters is that the stock market crash of 1929 was a failure of the free market that led to massive unemployment in the 1930s — and that it was intervention of Roosevelt’s New Deal policies that rescued the economy.
It is such a good story that it seems a pity to spoil it with facts. Yet there is something to be said for not repeating the catastrophes of the past.Let’s start at square one, with the stock market crash in October 1929. Was this what led to massive unemployment?
Official government statistics suggest otherwise. So do new statistics on unemployment by two current scholars, Richard Vedder and Lowell Gallaway, in their book Out of Work.
The Vedder and Gallaway statistics allow us to follow unemployment month by month. They put the unemployment rate at 5 percent in November 1929, a month after the stock market crash. It hit 9 percent in December — but then began a generally downward trend, subsiding to 6.3 percent in June 1930.
That was when the Smoot-Hawley tariffs were passed, against the advice of economists across the country, who warned of dire consequences.
Five months after the Smoot-Hawley tariffs, the unemployment rate hit double digits for the first time in the 1930s.
This was more than a year after the stock market crash. Moreover, the unemployment rate rose to even higher levels under both Presidents Herbert Hoover and Franklin D. Roosevelt, both of whom intervened in the economy on an unprecedented scale. (more here)
Folks are in trouble. Big trouble. And Obama wants another spending bill (being packaged and sold in Orwellian speak as -- get this -- a jobs bill). Another spending bill would be the final death blow to Obama's rout of the American economy, the global motor of the world. The century's old failed policy of building roads that will put people back to work is just more socialism. Building roads. Sheesh, how stupid does he think we are?
Business creates jobs. The private sector creates jobs. The government depletes vast resources from the private sector to enslave the producer class. Folks ain't gonna work on Hussein's farm no moe.
Obama's war on business is now manifest in the occupy Wall Street movement.
Blaming business for the lack of business is the quintessential big lie.
“Make the lie big, make it simple, keep saying it, and eventually they will believe it”. Adolf Hitler quotes (German Chancellor, leader of the Nazi party, National Socilaist Workers party)
Jewish bankers, etc., is a death chant we have all heard before.
Wall Street Occupier tackles a police officer during a march towards Wall Street in NY, on Friday. (here)
