oldernwiser
VIP Member
- Jun 4, 2012
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So your scapegoat are those damn evil companies and corporations. Yes, a horrible economy is exactly what businessmen want. The rhetoric of the left when it comes to their hatred of the private sector is astounding. The government holds no culpability in the housing crisis, it was all some Gordon Geko type asshole. Obama's policies have not worked because those damn bastards are sabotaging him.
What you are saying is absurd, and is a flimsy attempt to excuse the policies that have directly caused and contributed to the stagnant unemployment (which in reality is way above 8% had the numbers not been manipulated) and glacial economic growth.
In fact, when Romney/Ryan win the in November, I believe that alone will greatly increase businesses confidence in what the regulatory and tax situation will be under his administration. I think overnight the economy will begin showing signs of actual growth and recovery.
You're saying that it was "lack of confidence" that lead to the stagnation of business? How much cash could the administration have thrown to those folks to "improve" their confidence? The facts are that the smallest ventures are doing quite nicely now due to the tax breaks they've been given - although Faux news would have you believe differently.
Now - let's look at the whole picture.
The current administration has dumped more cash into the economy than anyone ever has. It propped up 2 major corporations who - by all rights - should have tanked. It held up the banking infrastructure to forestall a full-scale depression - and continues to pay exorbitant amounts of cash now that the banks are solvent again.
Republicans have been using stalling and obstruction tactics more during this administration than in any other. They get most of their campaign financing from the "evil corporations", which fund the superPACs, who are using their own stalling and obstruction tactics to hold the economy at bay. While screaming over and over how it's all Obama's fault.
To my way of thinking, we paid business a huge amount of cash to push our economy and get us all back to work again. They took that cash and went on vacation. They defaulted. They reneged. The very tactic that worked in every administration facing a recession failed this time - and my opinion is that the failure was deliberate. And so what? No one can vote a CEO out of office. The corporate profits continue regardless. And, at least according to the Dow, investments are WAY up there.
I think it's time to wake up to the fact that it wouldn't matter which party holds office any more. "Business" now OWNS this country, and they've proved it very convincingly so far.
Comparitively few businesses received stimulus funds.
This tactic of handing out cash to selected business entities has rarely been used, and has never worked, anywhere that it has been tried.
It is not cash that ends a recession, it is a change in attitude of millions of consumers that does the trick. Government needs to promote a favorable environment for business to flourish. and that is what changes consumer attitudes. Very few people are going to buy new automobiles, or other durable items, when they worry whether they are going to have a job next week, or next month.
Tax cuts, and regulatory easing, induce business to invest, and that starts the ball rolling.
And so, this administration left tax cuts in place, and kept the pressure on the Federal Reserve to suppress interest rates. They have basically stopped just short of buying a place for businesses to open and busing in patrons. On top of the cash they've thrown into the economy, it still hasn't been enough to overcome the obstructionists who are holing up and waiting for... what?
The only thing left is for the individual states to open up all the regulatory legislation and for congress to repeal anti-trust laws. Or how about if we all promise to work for free for a few years?
Look, as much as we'd love to beat up the sorry excuse we now have for a government over this issue, the answer just isn't there. My gut tells me that the obstructionism that we're seeing in the house right now is just orders from the top - and the "top" isn't elected, it's hired.