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Thread: Recession Ended in June 2009

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Barbbtx View Post
    It's all the uncertainty of what taxes will be and what the HC bill will do to small/large businesses.
    Again, I don't think it is anything of the kind. Business always has to deal with uncertainty. This is nothing new. And if people were spending, they jump right out even if you told them taxes might double.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Wrong these are new expenses and companies in this economy will not hire until they know how much Obama is costing them
    Nope. As soon as they know people are spending, they'll hire just fine. there is no evidence to support your claim at all.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    No evidence at all?

    Emerson
    Emerson Electric Co. (EMR) Chief Executive Officer David Farr said the U.S. government is hurting manufacturers with regulation and taxes and his company will continue to focus on growth overseas.
    “Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.”
    Darn it. There was some evidence after-all.

    BTW, before you just dismiss the reality of the situation, there are many CEO's that have recently come out and said similar (more couched perhaps) things.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Wrong these are new expenses and companies in this economy will not hire until they know how much Obama is costing them
    This is not how (most) business operates; under the premise of "waiting" for tax policy to be implemented. I stress the word most because future tax policy is an integral part for hedge funds and various private trusts.

    Unless of course the actions since 2000 (when surpluses turned into massive deficits) did not send the signal to all businesses that tax increases are necessary requisites for future deficit reduction. If you or anyone was in business during this time, i have a hard time believing that you were both competent and not expecting tax increases in the wake of trillions upon trillions of added debt.

    My
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    No evidence at all?

    Emerson


    Darn it. There was some evidence after-all.

    BTW, before you just dismiss the reality of the situation, there are many CEO's that have recently come out and said similar (more couched perhaps) things.
    Where was all this outrage during an era of "deficits do not matter"? There was little if any. These companies were all too happy to take their profits at the expense of increased future tax liabilities. Sorry to say, but this type of whining falls upon deaf ears (if of course you are intellectually honest).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    No evidence at all?

    Emerson


    Darn it. There was some evidence after-all.

    BTW, before you just dismiss the reality of the situation, there are many CEO's that have recently come out and said similar (more couched perhaps) things.
    No, I wouldn't call that confirming evidence. It is merely someone using this as an excuse. When I speak of evidence, i'm talking about evidence that business doesn't hire due to taxes, historically.

    BTW, how was amnufactoring doing before Obama? Before anything on taxes?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    BTw, Manufacturing must have know of Obama's plans in 2002;

    Posted 12/12/2002 10:47 PM Updated 12/12/2002 10:47 PM

    U.S. manufacturing jobs fading away fast

    USATODAY.com - U.S. manufacturing jobs fading away fast

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Goldenboy219 View Post
    Where was all this outrage during an era of "deficits do not matter"? There was little if any. These companies were all too happy to take their profits at the expense of increased future tax liabilities. Sorry to say, but this type of whining falls upon deaf ears (if of course you are intellectually honest).
    The fact is that the CEO of a company is flat out telling you that he will not be hiring in America due to the legislation that, in his views, hurts business. You can ignore it, pretend it doesn't exsit, and believe that he should have had the same sentiment during the last administration, but there it is.

    Here's from the Intel CEO.

    Intel chief: Obama (still) driving US off cliff ? The Register

    Last year, he complained that "The thing that is most difficult as a businessperson when looking at large investments ... is 'what are the variables?' And there's just so many variables today on every front." He defined variables at that time as "cost of energy, cost of health care, tax rates, R&D credits, you name it."
    I guess instead of listening to the people that actually create the jobs, we can just listen to Boo and obama.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ptif219 View Post
    Wrong these are new expenses and companies in this economy will not hire until they know how much Obama is costing them
    Wrong, the corporate tax structure will remain as it always does... they don't really pay taxes. And states can now regulate inappropriate rises in health care costs.

    You are sadly misinformed about a great number of things.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    The fact is that the CEO of a company is flat out telling you that he will not be hiring in America due to the legislation that, in his views, hurts business. You can ignore it, pretend it doesn't exsit, and believe that he should have had the same sentiment during the last administration, but there it is.

    Here's from the Intel CEO.

    Intel chief: Obama (still) driving US off cliff ? The Register

    I guess instead of listening to the people that actually create the jobs, we can just listen to Boo and obama.
    Wow....

    Who could have... would have thought; large corporations are making comments that express their desire for lower taxes.

    My question to you is: Why was intel able to secure hefty profits during an era of higher taxes (1994-2000)? What was the difference between then and now?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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