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BAR[_2_]
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Consideration required
In article ,
says...
On Wed, 27 Jan 2010 20:08:44 -0500, Eisboch wrote:
His roadmap isn't perfect ... or maybe even feasible ... but band-aid
approaches to each crisis isn't going to work either. It's really time
to re-think economics in this global economy and then plan and act
accordingly. The programs and solutions being beaten to death in D.C.
aren't going to solve anything, long term.
Yeah, but, is it the government's job to rethink the economics?
Governments are for tweaking, perhaps giving direction, and, if
necessary, saving our economic asses. More than that, would scare the
hell out of me. I'll give you, tax code simplification would be a good
thing, but an overhaul, is very unlikely. I'd like to see more support
for our small business engine, as opposed to the multinationals. Obama
seems to support this, and, I'd like to see health care untied from
business. The competitive disadvantage it puts on our businesses is
considerable, but, other than those things, I think we are quite
resilient, and will recover nicely. Not as fast as I would like, or
those who are hurting would like, but there is no magic wand.
Obama does not support the small businesses at all. Have you noticed the
number of small banks that have been closed over the past year. Who were
those banks servicing? They were not servicing large multinational
corporations. Typically, these small banks when seized have their assets
sold to larger banks and these larger banks do lend as easily to small
businesses.
If you want support for small businesses then you want tax cuts,
permanent tax cuts, not targeted tax cuts, tax cuts across the board.
Small businesses want to know what the rules and regulations are going
to be for the next three to 10 years so that they can make plans and
execute those plans. With Obama and his maniac/depressive and bi-polar
policies nobody knows what the rules are going to be from one day to the
next.
When BofA, Wells Fargo and CitiBank took the TARP money there was no
mention of limiting executives salaries to $500,000. That was something
that popped into Obama's head one day and he proclaimed it like the
dictator that he wants to be. That is not governing that is ruling and
we do not elect rulers.
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