Quote:
Originally Posted by macro
BK, wish I could make a point in so few words. 
CG; A good business plan makes plans for the future. When the tax cuts were put in place, businesses could plan on lower costs and expand, creating jobs for themselves and others, who supplied them. This DID happen. When major elections take place, a wait and see attitude prevails and they may put their plans on hold until things shake out. In the last 1 1/2 years, businesses have had to revise plans to take into account massive increases to the cost of doing business. Expansion, except where absolutely necessary, is the first to go. Next you cut costs by trimming fat and convenience. If none of that works, you go out of business. I believe one of the reasons the number of jobs lost may be declining is that we're running out of jobs we can lose. |
Lets see.....when exactly were the tax cuts put in place....certainly not 1.5 years ago. Now I will bashed for this but what the heck this most likely is my last post on this forum cause its not worth my time anymore.
So the tax cuts went in and the Republican Congress went on spending spree which included 2 unfunded wars and 1 major expansion of the Medicare entitlement program. GW Bush NEVER vetoed a spending bill until the Dems got into power. And yet its all the Dems fault. If you believe Richie its Barney Franks fault....he caused all those failed mortgages. He personally bundled them up rated triple A, when they were junk and them sold...Making millions of profit for himself.
I have said repeatly there is enough blame to go around for this financial crisis but on this forum that seems not to be the case. You all have fun.