Dow Drops More Than 500 Points

I was thinking more along the lines of all of these tax incentives that are unnecessary. Do you really need a $7,000 credit to go buy an electric car. If you cannot afford the car don't buy it. Do oil companies need an incentive to drill for oil? Do people who want to fly on a private jet need an incentive to own one? I would much rather see that money go into fixing the highway I have to drive to work on every day. Except not fixing those pot holes is a stimulus plan for suspension and tire manufactures.

I agree the main problem is that there is no incentive to keep jobs in the US right now. Lower taxes for the top individual bracket alone is not going to do that. Better corporate taxes might.Check out the FairTax.
- Eliminates corp taxes (brings US business back from off-shore, brings foreign business here)
- Everyone keeps their full paycheck
- underground economy is taxed (all unreported income)
- significantly reduces (almost eliminates) the IRS
- simplifies the tax code (you don't need HR Block, etc to do your taxes...you don't do taxes)
- eliminates all tax loopholes provide by Congress to pet constituencies

Americans For Fair Taxation: Americans For Fair Taxation (http://www.fairtax.org/site/PageServer)

Great post. I would add the increased regulatory burden and the effects Obamacare will have when its fully implemented are major factors in keeping businesses on the sidelines until after 2012. If Obama is re-elected, it will extend the malaise another 4 years.

Interesting that you site regulation. Like, what industries have been "over regulated" under this administration? And what tangible data do we have to suggest that it's keeping employers from hiring.

The Chinese work for 10 cents a day. Short of going back in time there is nothing America can do to compete with that.

Interesting that you site regulation. Like, what industries have been "overrugulated" under this administration? And what tangible data do we have to suggest that it's keping employers from hiring.

LOL...You noticed that too? I don't seem to remember corporate america and small business orgs fighting the law.

Glad to see the good news about the job market. I'm not trying to be political, I'm just glad something positive about the economy has happened.

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are now asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

Good points. I meant to say that I wasn't being political with my statement. I'm just glad to get some type of good news. It seems that for the past couple of weeks any news about the economy was bad and depressing.

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are now asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

Republicans championed gridlock and they got it.

Interesting that you site regulation. Like, what industries have been "over regulated" under this administration? And what tangible data do we have to suggest that it's keeping employers from hiring.


Home Depot Co-Founder: Obama Is Choking Recovery - Investors.com (http://www.investors.com/NewsAndAnalysis/Article/578920/201107201835/Marcus-Home-Truths-On-Jobs.aspx)

Just one guys opinion but this seems to be the way small business owners and large corporations feel. There is SO MUCH uncertainity coming out of Washington no body wants to do anything but, like dirtbag said, hoard cash. If youre a ceo and your number one job is to protect shareholders its the fiscially responsible thing to do.

Home Depot Co-Founder: Obama Is Choking Recovery - Investors.com (http://www.investors.com/NewsAndAnalysis/Article/578920/201107201835/Marcus-Home-Truths-On-Jobs.aspx)

Just one guys opinion but this seems to be the way small business owners and large corporations feel. There is SO MUCH uncertainity coming out of Washington no body wants to do anything but, like dirtbag said, hoard cash. If youre a ceo and your number one job is to protect shareholders its the fiscially responsible thing to do.

This is not just one man's opinion, it's the opinion of a life long Republican hack' who doesn't want you to know that the Obama stimulus is the only thing that has been keeping his company afloat and Wall Street from gutting it during these rough times.


Keep it real homie.