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#1 |
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Here is the lament I heard: the near $5 trillion in borrowing in just three years, the radical growth in the size of the federal government and its regulatory zeal, ObamaCare, the Boeing plant closure threat, the green jobs sweet-heart deals and Van Jones-like “Millions of Green Jobs” nonsense, the vast expansion in food stamps and unemployment pay-outs, the reversal of the Chrysler creditors, politically driven interference in the car industry, the failed efforts to get card check and cap and trade, the moratoria on new drilling in the Gulf, the general antipathy to new fossil fuel exploitation coupled with new finds of vast new reserves, the new financial regulations, an aggressive EPA oblivious to the effects of its advocacy on jobs, the threatened close-down of energy plants, the support for idling thousands of acres of irrigated farmland due to environmental regulations, the constant talk of higher taxes, the needlessly provocative rhetoric of “fat cat”, “millionaires and billionaires,” “corporate jet owners,” etc. juxtaposed, in hypocritical fashion, to Martha’s Vineyard, Costa del Sol, and Vail First Family getaways — all of these isolated strains finally are becoming a harrowing opera to business people.
http://pajamasmedia.com/victordavish...b-killing-101/ And excellent article by Victor Davis Hanson.. If legions of perplexed liberals want to know what happened to the Obama economy, they should look no further than right here. |
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#2 |
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In the last 30 months, the Obama administration has created a psychological landscape that finally just seemed, whether fairly or not, too hostile to most employers to risk new hiring and buying. Each act, in and of itself, was irrelevant. Together they are proving catastrophic and doing the near impossible of turning a brief recovery into another recession. Frogs in pots.....
Now the water is too hot for a business to jump into. |
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#3 |
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Despite enormous opportunity for many cash-rich firms to take advantage of the down cycles (low interest, plentiful potential employees, discounted prices, etc.), they are taking a pass, almost as if to collectively sigh, “This bunch doesn’t like me much and I’m going to hunker down, hoard my cash, and sit out the next year and a half until they are gone. That is a good article.
Btw, the guy that wrote that article.......... Hanson is a registered member of the Democratic Party Is a dim. |
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#4 |
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too hostile to most employers to risk new hiring and buying. I would suggest, this environment was created by a 4.6% tax windfall in 2001, and employers squeezing 80 hours or work out of each 40 hour employee, and that it is not a matter of fear to hire and buy, but that the actions of 2001-2009 eliminated the incentive of employers to hire and buy.
The economy is deflated, yet the dow is over 11K..what does that tell you ? |
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#5 |
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#6 |
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I would suggest, this environment was created by a 4.6% tax windfall in 2001, and employers squeezing 80 hours or work out of each 40 hour employee, and that it is not a matter of fear to hire and buy, but that the actions of 2001-2009 eliminated the incentive of employers to hire and buy. |
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#7 |
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Ok...I'll tell you what it tells you,.,,it tells you employers and stockholders have become acclimated, even happy with a deflated but less costly corporate base...the downside is, 5 years into the process, massive stagflation is a sure bet..we are almost to year 4 We have known for some time that the stock market is no longer a barometer of Main Street's fiscal health. |
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#10 |
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It tells me that the "tax windfall" is completely unrelated, and if you can force someone to work twice as long for the same money, there's a huge imbalance building in the labor market. They are happy, becuse the deflated economy is GOOD for business, and the shortfall is underwritten by a 35%, as opposed to a 39.6% tax rate |
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#11 |
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#12 |
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Exactly..so why is WALL STREET so happy ? Lower tax rates are irrelevant.. Spending is relevant. |
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#13 |
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#14 |
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hahahhaha.. Are you talking about the upper 2% of the hyper wealthy? What was need if we insist on keeping the self defeating INCOME tax.......is to exempt the first 40k...and have four brackets 40% 30% 20% 10% Increase the buying power of people who earn between 40,001 and 200K by 8 to 14%.,,,bring those who earn 200K ormore back up to pre 2001 levels..and watch the economy take off |
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#15 |
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Fact is: They are happy when they can earn a return on anything.. It doesn't have to be good for the US. It doesn't have to be good for Main Street or our long term economic outlook.. It's a return, and that's all they care about. He used it for all sorts os economic stimulus..for China |
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#16 |
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I would suggest, this environment was created by a 4.6% tax windfall in 2001, and employers squeezing 80 hours or work out of each 40 hour employee, and that it is not a matter of fear to hire and buy, but that the actions of 2001-2009 eliminated the incentive of employers to hire and buy. |
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#17 |
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#18 |
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http://www.timnerenz.com/
Let’s play “Who wants to be a CEO?” Ok, you are about to create or save a $50,000 job just to claim that new $780 one-time payroll tax credit when the Department of Justice comes blasting into your office with guns drawn and confiscates all your raw materials. Do you a) thank the President for his bold leadership in job creation, b) blame the Tea Party for foiling his perfect and most wonderful vision of our nation, or c) move your plant to another country where they need warrants to seize your property. ?? Ok, you are about ready to place orders for a few million dollars of new capital equipment that you don’t even need just to take advantage of the President’s one-time accelerated depreciation rule when the NLRB forces you to abandon the billion-dollar plant you just built in South Carolina and move the work to Washington state and overpay union guys who go on strike a lot. Do you a) praise Mr. Obama for tinkering with an obscure accounting rule in order to benefit Wall Street banks, b) blame the Republicans for not doing it first, or c) build your next plant in a country where mobbed-up union bosses don’t threaten to “take you out” when they welcome the President to their stage. The President’s words don’t really matter anymore, because his actions are pure Jobzilla. Stomp – Obamacare. Stomp - repeal of the Bush tax cuts. Stomp – union card check by executive order. Stomp – drilling ban. Stomp – EPA edicts. Stomp – $1.4 trillion deficit. Jobzilla. |
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#19 |
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#20 |
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