Business fights back

[nikimcbee]

Hopefully the technology industry can help stop obama's tax plan. God forbid if he gets his meathooks in the tech industry.

http://www.reuters.com/article/technologyNews/idUSTRE5574VD20090608?feedType=RSS&feedName=technologyNews&rpc=22&sp=true

[AVGWarhawk]

The tax hand will be into everything. Democrates have the stigmata of being tax and spend minded. So, more taxes=more spending! Simple economy 101. Therefore, nothing is left out from getting the squeeze:03: Got any change.....um I meant change we can believe in. :yeah:

[Sea Demon]

Well, $11 Trillion in debt and increased borrowing and spending to top it off. Obama continues digging the hole deeper. If the Democrats(Obama) push and strain the producers of the country, they will kill more jobs and reduce private sector investment. How the heck does this schlub and his voting sheep think we'll be able to add another 600,000 salaries, benefits, and pension packages to the tally as he just announced as part of "his" stimulus.

It's as though Democrats have no idea how economic principles actually work in the real world. Nor do they know what causes economic expansions or contractions. Obama's recipe is nothing more than more government growth we can't pay for, government intrusions in the private sector that are more harmful in terms of capital investment and risk, and certain inflationary policy in the future. Kiss your savings and 401(k) values goodbye Obama voters. They way Obama is going, that is definitely where we're headed.

This is not "hope and change". This is abject failure. This is shaping up to be the worst administration in the history of this country. Amazing it's in such little time.

Glad to see some business fighting this job/business killing tax plan. And recruiting a Democrat to oppose it. What a hoot.

[SteamWake]

Well, $11 Trillion in debt and increased borrowing and spending to top it off. Obama continues digging the hole deeper. If the Democrats(Obama) push and strain the producers of the country, they will kill more jobs and reduce private sector investment. How the heck does this schlub and his voting sheep think we'll be able to add another 600,000 salaries, benefits, and pension packages to the tally as he just announced as part of "his" stimulus.

It's as though Democrats have no idea how economic principles actually work in the real world. Nor do they know what causes economic expansions or contractions. Obama's recipe is nothing more than more government growth we can't pay for, government intrusions in the private sector that are more harmful in terms of capital investment and risk, and certain inflationary policy in the future. Kiss your savings and 401(k) values goodbye Obama voters. They way Obama is going, that is definitely where we're headed.

This is not "hope and change". This is abject failure. This is shaping up to be the worst administration in the history of this country. Amazing it's in such little time.

Glad to see some business fighting this job/business killing tax plan. And recruiting a Democrat to oppose it. What a hoot.

Uh its 24 trillion.

[nikimcbee]

If he were to go after the tech industry, that would be a major torpedo hit to the West coast economy. Oregon would blow up and sink, Kali-fornia would start listing, and I'm not sure what would happen with washington. (microsoft)

[Sea Demon]

If he were to go after the tech industry, that would be a major torpedo hit to the West coast economy. Oregon would blow up and sink, Kali-fornia would start listing, and I'm not sure what would happen with washington. (microsoft)

Niki, you are spot on correct. Obama doesn't understand that many of the Silicon Valley companies in Cali and the West coast are conducting some business aspects abroad already due to the continuing punitive business tax situation in this country. If he gets his way, the ability of companies to develop business cost models that enable sustainability and growth suffers. Obama's tax policies are a disaster for the private sector business model. Government meddling, and increasing taxes like this will result in only one thing.......high tech job losses and less innovation in the private sector. I find nothing sensible in this. And the fact that the Obama administration is full speed ahead with things like this worries me.

The thing that makes me chuckle sometimes when I go to the Bay Area(Silicon Valley) is when I see some beady little eyed liberal driving around in a Prius, with an "Obama" bumber sticker and a logo of the high tech company they work for. What nitwits. If Obama gets his way, these types will definitely see strain in their companies financial outlooks with possible downsizing measures. If their companies revenues fall, their taxes increase, and job retention company wide becomes more costly, they will have to realign their companies resources and reduce costs.....meaning reduction in force. These types will only have themselves to blame.

[Aramike]

Uh its 24 trillion.What is $24 trillion?

The current US national debt is about $11.4 trillion dollars.

http://www.brillig.com/debt_clock/