Posted on 04/01/2009 3:15:07 AM PDT by Scanian
MORE than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.
Yet President Obama seems to ignore this reality. Each day's news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.
Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul.
Stressing how far-reaching the changes might be, he appointed a commission headed by former Federal Reserve Chairman Paul Volcker to report back by early December on what the changes should be.
Assuming Obama will need several months to figure out which of its recommendations to adopt and Congress will take several more months to enact its own version, the announcement effectively leaves business up in the air for at least 12 more months -- uncertain of the tax consequences of any potential investment
Who in their right mind is going to invest significantly in new plant, equipment, services, personnel or anything else? How can you consider doing so, when you can't know how the tax code might penalize you?
(Excerpt) Read more at nypost.com ...
Deja vu all over again. While FDR was tinkering endlessly with the economy, capital went on strike for a decade.
When you finally learn what OBAMA believes and is achieving,it will be too late to reverse the damage.
The youth history is with muslim indoctrination, followed by gay pedophile communist mentor, followed by continuous history of association with extreme radical left, and with no counterbalancing known influences of moderation and liberalism.
HOPE isn’t what you do when you sign a contract or elect a politician. America is getting what it deserves: Depression, confiscation, and destruction at the hands of sworn enemies.
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