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Sorry, Republicans, The Economy Is Not Crappy Because Of “Uncertainty” About Taxes And Regulation

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ShockediSay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 11:34 AM
Original message
Sorry, Republicans, The Economy Is Not Crappy Because Of “Uncertainty” About Taxes And Regulation
http://finance.yahoo.com/blogs/daily-ticker/startup-2011-tickets-sorry-republicans-economy-not-crappy-153040026.html;_ylt=AtzAWyYhbmVdJ4eZxx_wJSq7YWsA;_ylu=X3oDMTFjMGFidW9tBHBvcwM1BHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDc29ycnlyZXB1Ymxp

Provided by The Business Insider, May 4, 2011:

For the past year or so, Republicans have blamed the sputtering economy on "uncertainty" about taxes and increased regulation.

Specifically, Republicans say, businesses would be growing and investing and hiring like mad if not for the possibility that they'll soon be socked with higher taxes and more rules.

This "uncertainty" is supposedly freezing managers and investors in their tracks.

Well, sorry, but that's just a bunch of crap.
+++++++++++++++++++++++++++++++++++++++++++++

THIS is the kind of counter Right Wing Propaganda we need.

We could also just say that theirs is "just so much Right Wing Propaganda."



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Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 11:39 AM
Response to Original message
1. You're on the money. n/t
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NothingRight Donating Member (100 posts) Send PM | Profile | Ignore Thu May-05-11 12:18 PM
Response to Original message
2. It is always interesting when logic enters a conservative forum
I run a small business that employs about 60 people. It is service based, with only 4 people being administrative. When the economy crashed a few years back, our industry was hit hard. At that time, we had 6 members of the administrative staff. We let our receptionist and a marketing person go, absorbing those jobs with the remaining 4 people.

As for the front line staff, those who provide the services we offer, we hire or release based on one really simple criteria, how much business we have. If we add more clients, we add more staff. If we lose clients, we are forced to lose staff, or at least reduce hours.

For the first time since 2006, we made a decent profit last year, and we paid approximately 20% in income taxes. It was certainly not as nice as the past few years when we were not cutting checks, but we also doubled our business in 2010, and we had the money in the bank to write the check with no fear that we wouldn't make payroll.

We spent three years juggling bills, extending financing and revising marketing strategies to overcome the challenge handed to us by the crooks in the financial industry. Not one time during this period did I wish we had lower taxes or less regulation, and if our taxes had been cut in half, it would not promote the hiring of a single employee.

As a person running a prudent, efficient business, I don't hire just for the hell of it, or because there is more money laying around. We hire what we need, we spend what we need, and we invest what we need to do a good business at a fair price. I know it sounds like a foreign concept, but we feel that's how you do business. It is also part of the strategy that has kept us in business for over 26 years in an industry that changes players routinely.

The people who replied on the site were clearly conservative, and took the party lines in rebuke of the logic based article. Outsourcing has happened because of tax policy and regulations, not because of greed and a willingness to exploit the labor force and environment, and if we would just allow corporations to keep all of their money, they would create jobs here.

We should all bow down to the mighty corporations and praise them for having mercy on us and offering us menial jobs for menial pay while they poison the air and the earth so that their shareholders can see an extra $.15 on their dividends.

Pathetic
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