Posted on 06/27/2011 11:37:25 PM PDT by JimPrevor
Unfortunately, most of those in a position to influence policy have no practical experience in business or creating jobs. As a result, they dont really understand what will motivate action. Thus policymakers are frustrated; they honestly dont understand why their trillion-dollar schemes arent producing the growth expected.
As an employer, although I would welcome any payroll tax relief for my company and our employees, a law such as Frank proposes would actually make me very careful about hiring.
(Excerpt) Read more at weeklystandard.com ...
Thus the all too clever machinations of brilliant policymakers can purchase a little short-term stimulus at the cost of the death of American entrepreneurialism. And the oh-so-smart experts, who know little of human motivation and fear, will stand befuddled wondering why the model didnt work.
The fickleness of Washington has a lot to do with this uneasy atmosphere for potential investors. It’s not just tied to one economic model.
Truer words were never imparted to me...
the infowarrior
I’d love to read the rest of the article, but until I have some assurance that the 21 cookies and 2 trackers we found on this website have been removed, my curiosity about your writing will take a back seat to the hassle of cleaning out my files.
Again.
(But then it’s not like you’re a regular member of this community. You just seem to show up once in a while looking for hits and never comment on any threads other than your own.)
You make some excellent points. A consistent, bad system is usually better for business than an inconsistent, constantly changing system, even if the latter is sometimes good. People learn to live with and mitigate the impact of bad laws, but it takes a very brave person indeed to open a business when a judge, legislature, or president can pull the rug out from under you on a whim.
The fickleness of Washington has a lot to do with this uneasy atmosphere for potential investors. Its not just tied to one economic model.
I believe a massive chunk of our current economic problems are tied directly to the presidents actions in the Chrysler and GM debacle where the president decided the winners and losers instead of the law. The secured bond holders should have been given priority. But the labor unions, who had no legal rights whatsoever, got the bulk of the money. My reaction as an investor was to go cautious as there were no more laws. Our society and our economy depend on laws. Having a socialist swing in on a rope and dictate who wins and who looses means the economy wont grow until hes gone and the investors see the reestablishment of law.
Gen.Blather wrote: Having a socialist swing in on a rope and dictate who wins and who looses means the economy wont grow until hes gone and the investors see the reestablishment of law.
..... and I would venture to say that the investment community will require a great deal of convincing that orderliness and due legal process have been re-established before they become comfortable enough to place any really big bets.
This is not going to be repaired by a press release.
Exactly. Democrats/liberals are continuing to complain how we currently have low taxes and how it is not working. But it's the threat and plans to raise the taxes that discourages job growth. This is the major flaw in the Krugman/Maddow Keynesian ;run up lots of debt to stimulate the economy’ theory.
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