Re: Obama's economy remains in the sewer
posted at 4/11/2013 11:24 AM EDT
In response to MattyScornD's comment:
In response to tacobreath's comment:
In response to portfilio's comment:
Here's the TRUTH:
Obama: highest corporate profits since the year 1900
Highest Wall Street activity in 22 years!
Is there something you don`t get? Why can`t you understand that NO CEO ON EARTH will invest, hire, or spend time on R+D while this incompetent is president. (I guess someone brought ONE to the thread, Caterpillar). We have a child at the helm. Would you risk your profit? Would you risk your company or would you wait until the adults are back in 2016?
That's pretty naive to imagine POTUS has that much control over the markets. He doesn't. Never did...nor should he in any real sense. The U.S. economy does not exist in a vacuum.
I might expect that from an internet troll, but not a successful CEO...but then, they can be stubborn ideologues, too.
If taken at their word, business owners just seem to be running out of excuses for why their business plans are either faulty or too rigid to keep pace in a globalized economic environment.
First, the markets are at this level for a few reasons. one is the massive money creation by the Fed. the other is the cutback in hiring and investment is creating a temporary bubble in balance sheets. the third is that interest rates are artifically low, keeping people out of bonds and pushing money into the markets with no where to go, sort of an market inflation.
Their business plans require some degree of certainty, or the risk involved is too great to commit to the desired investment. Despite what you might think, running a business is not like playing poker at a casino.
When government gets out of the way, and is no longer tries to pick winners and losers, no longer tries to regulate competition for it's pals out of existence, companies won't flock to D.C. with their lobbyists and demand the type of action you are currently seeing. This should be your primary goal, to break the big business/government link. As a side effect, lobbyists go out of business.