OldUSAFSniper
Conservative
The Democrats had the house, the presidency AND a fillibuster proof senate. Now, in those two years, did the Democrats REPEAL the Bush tax cuts? No, of course not. Why? Even maroons know that raising taxes in a bad economy is the wrong thing to do so the Democrats did not even speak of repealing the Bush tax cuts. They did however, pass Obamacare, a tax increase in its own right.
Now that they do not have the votes, they want a 'balanced approach.' Yet, they absolutely SHRIEK at the idea of corporations sitting on cash reserves. 2,600 pages of legislation in the Obamacare nightmare that no one even read, let alone understands the impact of yet, and the Democrats want corporations to spend like there's no tomorrow?
Here's what the board of corporations are looking at and YOU tell me why they aren't spending. Obamacare... No one knows, understands, or even has the slightest idea how it will affect the bottom line. AND it doesn't even fully kick in until 2014. Is it unconstitutional or will it become law? And if it does become law, what about the tax increases and how that will affect even small businesses?
Europe and their socialist economies are crumbling under the weight of entitlements. The only stable one at the moment? Germany. But they can't bail out the other 13 members by themselves. The Euro and the dollar are joined at the hip my friends. Riots in the streets of England, France is nervously eyeing how to lower their "giveaways" without burning to the ground and Itally is going day-to-day. Portugal, Spain, and the list goes on and on. All with their own very serious issues.
Fannie Mae and Freddie Mac are little better than junk bond status, despite the fact that Barney Frank for years told us how "solid" they were (Perhaps because his boyfriend was involved?). Trillions in dollars of bad mortgages floating around. Will take years and trillions to sort that mess out.
The national debt sits at 14 Trillion dollars and we are STILL spending 4 BILLION dollars a day MORE than we take in. The recent debt compromise didn't do squat to address the spending. And you absolutely KNOW that Obama's jobs bill that he will introduce in September will have another trillion dollars in freaking stiumlus spending attached. Money that we don't have and will have to borrow from someone. A tax increase would be almost pallatable IF that increase went to PAY OFF the debt, but it won't. Obama and the Democrats in Congress want MORE spending that will more than eat up any increase in revenue.
So what's the bottom line? Sit on your cash brother. Put it into SAFE securities or overseas accounts and wait. Surely the 2012 elections will give the country a clear and concise direction. That is exactly what is happening and I can't say as I blame them. Wait and see attitude because their is no LEADER, no DIRECTION coming from Washington. Nada, zip...
And as a side note... Three statutes of Ronald Reagan has been erected in three separate European capitals this summer. At each dedication a cry for leadership from Washington of the type that Ronald Reagan provided at a critical point in history. I wish...
Now that they do not have the votes, they want a 'balanced approach.' Yet, they absolutely SHRIEK at the idea of corporations sitting on cash reserves. 2,600 pages of legislation in the Obamacare nightmare that no one even read, let alone understands the impact of yet, and the Democrats want corporations to spend like there's no tomorrow?
Here's what the board of corporations are looking at and YOU tell me why they aren't spending. Obamacare... No one knows, understands, or even has the slightest idea how it will affect the bottom line. AND it doesn't even fully kick in until 2014. Is it unconstitutional or will it become law? And if it does become law, what about the tax increases and how that will affect even small businesses?
Europe and their socialist economies are crumbling under the weight of entitlements. The only stable one at the moment? Germany. But they can't bail out the other 13 members by themselves. The Euro and the dollar are joined at the hip my friends. Riots in the streets of England, France is nervously eyeing how to lower their "giveaways" without burning to the ground and Itally is going day-to-day. Portugal, Spain, and the list goes on and on. All with their own very serious issues.
Fannie Mae and Freddie Mac are little better than junk bond status, despite the fact that Barney Frank for years told us how "solid" they were (Perhaps because his boyfriend was involved?). Trillions in dollars of bad mortgages floating around. Will take years and trillions to sort that mess out.
The national debt sits at 14 Trillion dollars and we are STILL spending 4 BILLION dollars a day MORE than we take in. The recent debt compromise didn't do squat to address the spending. And you absolutely KNOW that Obama's jobs bill that he will introduce in September will have another trillion dollars in freaking stiumlus spending attached. Money that we don't have and will have to borrow from someone. A tax increase would be almost pallatable IF that increase went to PAY OFF the debt, but it won't. Obama and the Democrats in Congress want MORE spending that will more than eat up any increase in revenue.
So what's the bottom line? Sit on your cash brother. Put it into SAFE securities or overseas accounts and wait. Surely the 2012 elections will give the country a clear and concise direction. That is exactly what is happening and I can't say as I blame them. Wait and see attitude because their is no LEADER, no DIRECTION coming from Washington. Nada, zip...
And as a side note... Three statutes of Ronald Reagan has been erected in three separate European capitals this summer. At each dedication a cry for leadership from Washington of the type that Ronald Reagan provided at a critical point in history. I wish...