Posted on 03/07/2009 9:23:58 AM PST by Recovering_Democrat
Outsourcing is a direct result of government intervention and over taxation. Those who could move to avoid the punitive taxes and regulations imposed by Democratic congresses did just that.
But, what the drones in this country hear is PBO saying he will eliminate tax breaks for companies that move offshore. The reality is that he can’t tax a company that is headquartered elsewhere, he will have to place a tariff on imports, causing the price for goods to rise.
They just don’t get it.
I've been looking into relocating my business to a right to work state and this is a key consideration. If it goes through rather than relocate I'll probably look to invest elsewhere.
You bet!
I can't tell you how many times I've tried to explain to these "hate the rich" types that the current problem was not created by free mkts. It was govt interfering and pushing political considerations into a free mkt.
Govt triggered this mess by pushing sub prime lending through the CRA and then initially creating a secondary mkt for these loans through Fannie & Freddie. Wall street followed and has to bear responsibility for it, but they were not the principal cause.
Class envy will destroy this country. Persecute the wealthy for being job creators and making vast sums of money in the process and in no time at all you will not have jobs created.
Obama is an economic illiterate.
Capital moves to where it can find a reasonable return. I thought the irony was too much when the head of Ford sat at the table with GM & Chrysler as they pleaded for money. As that was going on Ford was announcing in Brazil a huge expansion of their new facility there.
Companies are freaking out over Obama’s confiscation plans.
LOL!!
What rock have you been under?
read #73. I’m so sorry person with the name of a tree with useless fruit.
Squirrels love them........
LOL. Never thought of that. Those 3,000,000 will be federal employees, probably.
How many companies do you think still offer pensions? I think the only current pension programs are unions and government, but I have no statistics to back that up.
You’re right. I had a bad attitude yesterday. Osage orange is a very interesting tree and one of the hardest woods in the US with fruit that looks like a brain.
No worries....FRiend.
Codswallop! I, myself, not 20 years ago, did exactly that. Worked two jobs, at $5.00 an hour, and went to school full-time. A family of 5... I also sold blood plasma from my own body, in order to make ends meet. I'm not a genius, an Einstein, or the like, but an average man. I f I could do it, then so can just about anybody else, provided they chose to better themselves ! For those who choose not to, then they would, and more importantly, should, get scant sympathy from me...
the infowarrior
Edited to reflect the more likely reality...
the infowarrior
You're view of a 'change' worthy of repair hits the nail on the head. Jack Welch gave a great presentation about 20 years ago, on the "long term perspective of business", that CEOs were responsible for the strategies of an organization while tactics were the job of management. He clarified that concept this week, pointing out that the perceived 'quarterly' perspective of CEOs is responsible for many of the convoluted problems we now are witnessing! It's my 'hope' the repair comes sooner than later. Some key Obama phrases yesterday helped prop the market: 'magic', 'help small business', etc. And Larry Summer clearly came out as 'pro-growth', not anti-capitalist! Our one 'hope' remains that the federal gov't rein in its wishes to something more affordable, not the current strategy killers, in the long run.
Hope is sometimes a good thing!
Not many 'still offer' defined benefit plans. However, many if not most people retiring today worked for years under 'defined benefit' pension plans and are still reaping those sums either in lump-sums or monthly checks or both.
You make a good point. The only way this change happens is if compensation is not based on quarterly earnings. Probably the best solution is to develop mgmt from inside the co. and stay away from ivy league MBA's.
BTW, we were actually making different points. I think any long view of business now is negative because all they see is bigger govt, more regulation, and higher taxes.
Some key Obama phrases yesterday helped prop the market: 'magic', 'help small business', etc. And Larry Summer clearly came out as 'pro-growth', not anti-capitalist!
Also retail sales not declining as much as was anticipated. I don't believe the admn for a second. If they wanted a thriving free mkt why promote forced unionization, higher taxes, and more regulation?
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