ANother Commodities Trader on CNBC just implied that the only way

[WCGreen]

to get people off Unemployment, because, you know it so easy to be unemployed, was to cut benifits and to cut taxes so that businesses will be incentivized to hire again.

Icentivized to spend that mountain of money they are sitting on.

Incentivized to engage in economic activity.

I remember when Making a profit and doing something constructive was enough.

In other words, do what's good for me or "me will stand in corner and cry like a whittle baby until you give me what me wants..."

Whaaaaaa Whaaaaa...

These "capitalists" own everything and they still want more.

There you go...

[whosinpower]

1. Businesses will only hire

When their product - whatever that is - is selling well and they need more workers.

When their product is not selling well - they SHOULD ask themselves why. It could be
A. There are products out there that are equivilant, but cheaper
B. The product is irrelevant to the needs of the consumer
C. Consumers cannot buy it because they do not have the funds to do so.

If you do not have a consumer, able, wanting and willing to buy your product - then NO AMOUNT OF TAX CUTS WILL MAKE IT SO.

This is not brain surgery. It is a simple truth.

[Iggo]

9. Correct.

Businesses don't need tax cuts. (Sure they want them, but they don't need them.)

Businesses need CUSTOMERS.

[elehhhhna]

10. I pick C. Laid off recently from a that co. cleans up water & fire damage

and the vast majority of biz is from homeowners. Recession-proof, right? Houston area, better economy than most, no problem. After Hurr. Ike, the insurers, rather than raising rates, raised deductables. Bigtime. Many pulled out of certain zipcodes. Most have also limited or totally excluded (!) sewer backup claims (very expensive since contaminated items and materials should be replaced and the structure treated with biocides).

Suddenly the homeowners repair/restoration cost for a water claim is under or near the deductable...or they don't HAVE the deductable -- even folks in 800K houses -- so they DIY it.

[fascisthunter]

2. in other words, they want to be rich and want more priviledges

on top of the many priviledges they already have. Hey assholes?! You were only able to amasse such wealth because of our publicly funded infrastructure. Since you utilize more of our publicly funded infrasture, you are supposed to your fair share. If you need tax incentives, you suck at business...

[HereSince1628]

3. Well that explains a lot about why investors lose money in commodities...

The traders are absolute idiots.

[The Backlash Cometh]

4. Incentivized?

As in, if they lose their jobs they're going to carjack their Mercedes Benz and home invaded their gated communities?

[Historic NY]

6. Just another term for Corporate Welfare.

[jgraz]

5. Another way would be to raise taxes on commodities traders.

I say with start with 150% of income and work up from there.

[FiveGoodMen]

7. Being rich isn't that great unless those around you are poor.

Money itself doesn't give you much, but if you're the ONLY one with money, then you have slaves.

People have to do whatever you tell them or starve. That's the real fun.

That's why the rich aren't satisfied just to be rich. They want slaves.

[Blue_Tires]

8. why do people still watch CNBC and the other financial channels??

remember these were the pundits who denied and mocked every indicator that a huge recession was coming...

[WCGreen]

11. I just stopped in for a minute to see what was happening and

I was captivated by this guys specious arguments.

Captivated as in can't keep my eyes away from a train wreck.

[Ikonoklast]

12. Commodities Trader = Professional Miiddleman.

Creates? NOTHING.

Produces? NOTHING.

Motivated by? UNBRIDLED GREED.


Would Manipulate A Market In Order To Make A Killing? IN A HEARTBEAT.


Wants Lower Taxes, Why? TO KEEP IT ALL FOR HIMSELF, AND SCREW YOU.

[spanone]

13. the tax breaks for the rich are IN EFFECT, so where are the fucking jobs? ridiculous

[ljm2002]

14. +100000

The tax breaks have been in effect for 9 years or so. So why is this question not brought up EVERY TIME these assholes bray about extending the tax cuts for the rich?

And we wonder why Democrats can't get their message out? I have to ask: is it that they CAN'T get the message out, or is it that they DON'T WANT TO? Or are they just so cowardly or incompetent that it doesn't even occur to them to point out this indisputable FACT?

I'm telling you, this stuff is starting to get on my last nerve.

[lumberjack_jeff]

15. Why the hell do low taxes encourage hiring?

Explain that to me.

People hire because they can profit on the labor. It doesn't matter if that profit is taxed at 10, 30 or 60%.

In fact, if the profit is taxed at 60%, those taxes will be used to employ people who will buy your product.

[CaliforniaPeggy]

16. You've said it like it is...

Recommended.