tonygraz
3 years ago
The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.
HockeyDad
3 years ago

The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.

tonygraz wrote:



The recession started in 2022.

….And why do the republicans need to raise the debt ceiling?
Stogie1020
3 years ago
"Triggered" and "Caused" are two different things, Tony. Two VERY different things...

Also, have you noticed the mass layoff happening already in tech? The inflation and unemployemnt numbers? Has nothing to do with the debt ceiling, my friend...
HockeyDad
3 years ago


Also, have you noticed the mass layoff happening already in tech? The inflation and unemployemnt numbers? Has nothing to do with the debt ceiling, my friend...

Stogie1020 wrote:



I’m in Silicon Valley tech and it has been a bloodbath since Q2 of 2022. Pretty much no company spared regardless of size. Even highly profitable companies are slashing staff in preparation for 2023 revenue drop offs. Only the big companies make the news. Venture capital totally dried up because of interest rates as is tradition. Tech is always the canary in the coal mine.

That’s why I posted this last July when GDP dropped for two consecutive quarters. The layoffs had already started.
Brewha
3 years ago
I’m just shocked at how much money of Elon Musk’s that Biden lost…..
HockeyDad
3 years ago
Brewha got the shocker.
BuckyB93
3 years ago

The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.

tonygraz wrote:



Wait, what? Refusing to raise the debt limit? Allowing the debt limit to climb is your answer to things?

You're a smart guy, how is attempting to put a stop on the government spending (bleeding) money that they don't have a bad thing? I'm pretty sure you have a household budget that tries to balance the income and the expenses. Hopefully you can make more income to cover your expenses or at least tread water.

In case you don't realize it, the government does not produce anything. Let me repeat that... The government does not produce ANYTHING! Their source of income is to take money from you and me and anyone else that has an income and pass it around while siphoning off a billion here and there to line their pockets along to their cronies' pockets.
Brewha
3 years ago
Drafter told me that Joe Biden was killing bald Eagles.

With wind mills…
HockeyDad
3 years ago
Google parent company Alphabet Inc. said it will eliminate 12,000 jobs, making it the latest tech company to lay off employees.
teddyballgame
3 years ago

The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.

tonygraz wrote:




How does refusing to raise the debt limit cause a recession?
DrMaddVibe
3 years ago
Go Woke, Get Broke: Vox Fires 7% Of Staff; Vice's Valuation Plunges



It's a terrible time for America's liberal media - with companies laying off, implementing hiring freezes, and other cost-cutting measures. Some media companies have even collapsed in valuation. Many are blaming increasing macroeconomic uncertainty that has crushed advertising revenues.

A wave of recent layoffs has hit media companies, including CNN, Buzzfeed, Paramount Global (the parent to CBS, MTV, VH1), The Walt Disney Company, Comcast, Roku, Morning Brew, Gannett (parent company to USA Today), and many more in the past year.

Add Vox Media, which owns brands like The Verge, SB Nation, and New York magazine, to the growing list of media layoffs.

Axios obtained an internal memo from CEO Jim Bankoff to staff about reducing headcount by 7%. About 1,900 people work for the company, which equates to about 133 layoffs.

Bankoff noted that the headcount reduction would impact teams across revenue, editorial, operations, and core services.

"While we are not expecting further layoffs at this time, we will continue to assess our outlook, keep a tight control on expenses and consider implementing other cost savings measures as needed," he said, adding layoffs were a last resort.

The move was to address the coming downturn in the economy.

Besides layoffs and other cost measures, media company valuations have plunged.

For instance, Vice Media is putting itself up for sale (again) at around a billion-dollar valuation, according to CNBC, citing people familiar with the talks.

Today's number is far from the $5.7 billion valuation in 2017.

CNBC previously reported Vice hired financial advisors to seek a sale.

One of Vice's lenders, Fortress Investment Group, is pushing for a sale.

Meanwhile, Buzzfeed's SPAC is only getting worse -- with a current market cap of $129 million -- down from more than a billion dollars a year ago.

America's largest digital media companies are in dire straits. Maybe some of them are in these precarious situations because they embraced liberal ideology and suffered massive viewership losses. We all know CNN is learning that the hard way.

https://www.zerohedge.com/markets/go-woke-go-broke-vox-fires-7-staff-vices-valuation-plunges-0 


Remember when the media pushed the learn to code Biden mantra?
DrMaddVibe
3 years ago
"I Take Full Accountability": Spotify Slashes Hundreds Of Jobs As Tech Layoffs Intensify



Add Spotify Technology SA to the growing list of tech companies laying off because they hired too many employees during the virus pandemic. We've read countless letters and memos from tech executives to employees over the last several quarters explaining how they made a colossal mistake by rapidly expanding operations because they thought pandemic demand would continue but were entirely blindsided by the incoming slowdown and forced to reduce headcount and other cost-cutting measures. 

"Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us," Spotify CEO Daniel Ek told employees in a letter. 

As a result of poor business planning, Ek said Spotify is planning to slash 6% of its headcount.

"In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this reason, today, we are reducing our employee base by about 6% across the company. I take full accountability for the moves that got us here today," the exec said. 

The latest filings show the music-streaming giant has approximately 9,800 employees. The cut would be equivalent to about 600 workers. 

Shares rose more than 6% in premarket trading to the $104-handle on the news. The stock lost more than 73% since peaking at $364 in early 2021. 

Ek added that Dawn Ostroff, chief content and advertising business officer, will leave the company as part of a broader reorganization.

He noted:

To start, we are fundamentally changing how we operate at the top. To do this, I will be centralizing the majority of our engineering and product work under Gustav as Chief Product Officer and the business areas under Alex as Chief Business Officer.

Spotify's announcement is yet more hemorrhaging of talent from tech companies as the economic outlook sours. Amazon, Meta, Microsoft Corp, and Google have been some of the largest companies to announce cuts. 

Layoff tracking website Layoffs.fyi shows that 173 tech companies so far this year have reduced headcount by 56,000. Last year, 1,035 tech companies fired 159,000 employees.

https://www.zerohedge.com/markets/i-take-full-accountability-spotify-slashes-6-workforce-tech-layoffs-intensify 
burning_sticks
3 years ago
If they fire about 50% of the federal workforce, raising the debt limit might not be required.
MACS
3 years ago

The recession started in 2022.

….And why do the republicans need to raise the debt ceiling?

HockeyDad wrote:



If dems refused to raise it, they'd be heroes!
HockeyDad
3 years ago

If dems refused to raise it, they'd be heroes!

MACS wrote:



Dems have never met debt they didn’t like!
Brewha
3 years ago

If they fire about 50% of the federal workforce, raising the debt limit might not be required.

burning_sticks wrote:


Can we start with the Freedom Coalition?
HockeyDad
3 years ago

Can we start with the Freedom Coalition?

Brewha wrote:



No, you can’t.
ZRX1200
3 years ago
You can start with the FBI, DOJ, State Dept and AFT.

Oh and eliminate the Dept of Education and IRS
Abrignac
3 years ago

You can start with the FBI, DOJ, State Dept and AFT.

Oh and eliminate the Dept of Education and IRS

ZRX1200 wrote:



Eliminating the DOJ would also eliminate both the FBI and the AFT, which I assume you meant to say the ATF, as they are part of the DOJ. But, that makes no sense because the Constitution does carve out a spot for Federal Criminal Statutes. So a means to investigate and prosecute said violations is required. Thus the role of the DOJ. As far as the ATF is concerned, they’re akin to a narcotics division within a metropolitan police agency. Whether or not such a division is needed is debatable.

We don’t live in a vacuum on a secluded island so we need to establish and maintain relationships with other nations. To what degree is again debatable. To do requires a mechanism. Hence the State Department.

Not even going to take a stab at the Education Department.

All that being said, we have come a long way from the thirteen colonies. Our form of government needs to keep pace.

When the Constitution was written the primary means of conveyance was a horse drawn buggy. Not much need for stop signs and red lights then. But, obviously times have changed.
DrMaddVibe
3 years ago

Eliminating the DOJ would also eliminate both the FBI and the AFT, which I assume you meant to say the ATF, as they are part of the DOJ. But, that makes no sense because the Constitution does carve out a spot for Federal Criminal Statutes. So a means to investigate and prosecute said violations is required. Thus the role of the DOJ. As far as the ATF is concerned, they’re akin to a narcotics division within a metropolitan police agency. Whether or not such a division is needed is debatable.

We don’t live in a vacuum on a secluded island so we need to establish and maintain relationships with other nations. To what degree is again debatable. To do requires a mechanism. Hence the State Department.

Not even going to take a stab at the Education Department.

All that being said, we have come a long way from the thirteen colonies. Our form of government needs to keep pace.

When the Constitution was written the primary means of conveyance was a horse drawn buggy. Not much need for stop signs and red lights then. But, obviously times have changed.

Abrignac wrote:



https://www.justice.gov/agencies/chart/map 


They could fire them all tomorrow and the world would continue to rotate. The only org on that that I could get behind would be US Marshall's. When one counts the insurmountable amount of money pumped into those useless orgs and the level of abuses and flat out ZERO return for the taxpayer dollar, you would have a tsunami of cash to pay down the debt.

Given what we've seen from the FBI they can disappear and would not be missed. The DEA? Their "War on Drugs" has been an EPIC failure and they're not doing a damned thing to tamp down the fentanyl epidemic ravaging America because we have an out and out dolt in the White House. Useless orgs with top heavy bureaucrats providing nothing in return. They cannot even adhere to the oath of office. Look at the last Wall Street debacle...how many people were put behind bars for that swindle that collapsed an economy? They can go too. All those "legal" departments...that showed America how to siphon off taxpayer money and show ZERO proof of their own fabricated "crimes"...they should be placed in prison or tried for Treason. Yeah, Treason. Maybe then and only then will we get back to a single tiered justice system. You can point out the Constitutionality of these divisions but they've all been derelict in their duties and are now the bane of their existence.

As far as modes of transportation...that's a whole other division that's not doing their jobs either. IRS? No, they can go to hell. The prostituted Department of Education? Look no further than the garbage being spewed down the pipe and the unbridled garbage running it. That power should belong to the states. Just like religion, the federal system shouldn't be in the education business.

Our government has kept pace with the times. It hasn't policed itself and weeded out the ineffectiveness. The bloated salaries, the orgs not even doing their stated missions, and the misuse of said offices...Like I said already, they could disappear tomorrow and you wouldn't even know they were gone. Getting rid of the federal power overreach would be a great start to restoring this nation. The path we're on now, isn't sustainable. Our Founding Fathers would sadly disagree with your take. They understood Tyranny and the Constitution and Bill of Rights were their way of keeping government out of your business. Now? The federal government, really believe they're the nanny state that can provide cradle to grave for all of us.

NO.
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