Quote Originally Posted by BanginJimmy View Post
He said uncertainty caused by the govt is holding businesses back from hiring and he is right if you want to believe Investors Business Daily and the Wall Street Journal.

Lets use a VERY simple example. For simplicity we will ignore current taxes. You have $4000 a week to hire new employees. If you are to pay them $10/hr that comes out to 10 employees. Now all the sudden you are being told by the govt that a new set of taxes and requirements are coming, but you dont have any firm details for you to determine how much that will cost you. Are you going to invest the money today to hire, train, and equip these new workers only to find out that these new regulations are going to cost you 2k per week, thus requiring you to lay off 5 of those new workers? Of course not. You are going to wait until you know how the new regulations and taxes are going to affect you, then you will hire appropriately.
t.
Quote Originally Posted by Vteckidd
Many people dont want to hire right now and are hoarding all their money (me included) because we dont know if our taxes are going to go up (bush tax cuts expiring) , transaction tax, luxury tax etc all being thrown around congress right now, Health care costs going up due to obama care, its all a viscious circle. no one has jobs so no one has money to buy the things from which jobs are created.
So what you guys are saying is that the capitalist class is seeking a break from the gov't so that they can ride out the recession while the middle class covers the necessary expenses of running the country. Sounds a lot like gov't welfare to me, lol

Its funny how when the wealthy and corporations ask for help its ALL GOOD but when the little guy gets something the right wing gets its panties in a wad (or in the case of Sen.David Vitter (R-LA), it's diaper).