"Why businesses are scared to spend money..."

[Wiseacre]

" Just so I'm clear on this...Businesses will only spend money when Republicans are in charge of the House, Senate, and White house. Just like when GWB had all three during his first term. How did that work for us? "


No, you idiot, businesses spent a lot of money and made tons of money during the Clinton years. Actually, the Bush43 presidency was doing pretty well until 2008. I would say both parties should share the blame over the recession, regardless of who was in the WH.


" Who runs this country? The Government, The People, or Big business? "

If the people are running their own gov't, then it's their own fault. If they don't vote out the people who get into bed with special interests, who's really to blame?


" Big Business is holding the US hostage until they get what they want, that is becoming more and more evident. "


Bullshit. You think this recession is what they want? You're an idiot.


" Here is a question...How far is business willing to go in destroying this country economically? They are sitting on huge sums of cash watching the economy, seemingly cheering, as the economy goes further and further into the toilet. Their only reply is that they will spend when they get what they want, and what they want is more profits. "

Nobody is cheering, only an idiot would think that. Of course they want the prospect of more profits, are you not familiar with the concepts of capitalism?

*I'll agree that both parties are to blame.
*I'll more than agree that the people are ultimately to blame because we do not hold our politicians accountable
*If they don't want a recession and they have the capital to do something about it, and don't. What does that say?
*Ok, maybe not cheering. But there is excessive drooling over the possibilities of lower taxes, and fewer regulations. All they have to do is wait until the US can't do anything but cave in to what they want.
*Capitalism is good / Excessive greed to the point of driving this country into the ground is bad.

PS. notice the lack of name calling - I thought better of you - but everyone makes a mistake

OK, apologize for the name calling. Lost it there for a minute. About the recession and the capital to do something out it, if they're not investing or hiring then there's a reason and it ain't politics. It's about the chances to make more money vs the chances of losing money. What does that say? It says these companies are making proper decisions that are in the best interests of their shareholders.

 

[sparky]

I find it somewhat distressing that the Corporations in America that are pulling in the majority of $$$ are owned by foriegn nationaists>
29 Companies Had More Cash Than The U.S. Treasury As Of July 13 | ThinkProgress

 

[uscitizen]

We are eager to sell america to foreign interests for short term gains.
We have dropped so low that we even thank them for giving us jobs.

 

[kwc57]

You don't understand business at all. Profit is the end game. That's it. If you don't have to do much to achieve it..then you don't do much.

There's no incentive to hire here. Government contracts are flowing like water..and they come with no attachments. No one is pulling government employee 401ks or IRAs or anything out of Financials. No one has changed tax regulations regarding overseas profits.

In short there is no reason to do anything. Heck..lots of corporations borrowed cheap money and either put it into interest bearing accounts or bought back stock.

We have so many "To big to fail" companies that the new thing (well old thing) are big executives to jump from company to company..fire people..make the books look good..collect fat paychecks..and move on.

THATS what is going on. And unless that is addressed..it's going to be going on for quite some time.

Yeah, right! My wife and I are both college educated professionals with 60 years of experience between us.......we don't understand business.

Of course a company exists to turn a profit. They do not exist to provide jobs. After all, this isn't the USSR, it's the USA. Businesses have never existed to provide jobs. Jobs are a byproduct of the success of a business. The difference between government and business is that business realizes you don't spend your way out of debt. They don't add needless idle jobs just for the hell of it. When Obama decides to quit talking about confiscating income and profit at the end of a gun and redistributing it to be fair to the "less fortunate", you'll see business pick back up. Until then, you won't. Don't believe me, go back to the OP and read liberal Democrat billionaire, Steve Wynn's quote.

You know, this is akin to when bin Laden would say why he attacked the US and the Bush admin would tell you all sorts of things like they are jealous of our wealth or freedom. Bullshit, the man TOLD you why he attacked. Billionaires, millionaires, CEO's and mom and pop business owners are telling us why business is stagnant.......fear of socialist Obama and his desired policies. Pure and simple. Accept it or not. Why would they lie about why they won't expand......after all, they want to make the largest profit possible don't they?

Whatever.

Taxes as 'confiscated income' is the biggest load of crap I've ever heard. And it's patently Unconstitutional.

And you make some real logical fallacies too. Government is not business. Businesses don't start wars. Businesses don't build infrastructure because it's good for the overall health of the nation. Businesses aren't charged with taking care of anyone. The idea that the government should be run like one is insane.

And the very notion of "Billionaires" is anti-capitalistic. To much centralizing of wealth means you will eventually kill capitalism. Because the very key to capitalism..is competition.

Whatever? Wow, that's an argument winner every time isn't it?

Let's say you earn $1000 per month and you pay a 10% income tax on it. You are left with $900 of the money YOU made wit hthe sweat of YOUR brow. Let's say that Dear Leader says he doesn't have enough money for his grand programs and wants another $100 per month. Dear Leader gets a law passed that says you must now pay 20% tax and it leaves you with $800 a month. Dear Leader just confiscated an additional $100 of YOUR income and because he has the gubmint and it's agencies and law enforcement officers, there ain't a damed thing you can do about it. They decided they needed your money more than you did and they passed laws to make it legal to do so and illegal for you to resist. The confiscated your income.......and your Dear Leader wants more.

No one said the government should be run like a business. It should be run like a government. That being said, only in bizarro world do you throw sound financial practices out the window. It doesn't matter if you are a household, business or government, you can't spend more than you make without it biting you in the ass sooner or later. Why do liberals not understand this?

Billionaires are anti-capitalisitc. Bwahahaha! To coin a phrase from a great USMB mind.....whatever.

 

[CrusaderFrank]

There is a NYC Real estate developer, a Forbes 400 members, the smartest businessman I've ever known, upon Obama's election said "we're in for 4 bad years"