“Economist Joel Naroff, president of Naroff Economic Advisors, however, appeared skeptical about the swift corporate announcements. “It’s hard to see immediately, two seconds after the bill, that they have to take these charges,” he said. “
How on God’s green earth is this man qualified as an economist? I am no where near an ‘economist’ and I can tell you how! They know the tax break will disappear, so they total up (and yes, they can do this fairly quickly with this new fangled thing called COMPUTERS) how many employees they are getting the tax credit for and multiply that times the amount of credit they received. Wala, they have a total of money they will lose this year because it’s not in their projections earlier made based on RECEIVING the now GONE tax credit.
Moron.
I’m guessing this guy is an ‘economist’ the same way that Barry Lynn is a ‘reverend.’