Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
1. The estate tax situation is a complete hash. People trying to sort out their plans for disposition of a lifetime's work have no idea what the structure of the estate tax will be in a few months.
2. The income tax situation is almost worse than the estate tax. New proposals come out weekly to add new layers of credits, incentives, exemptions or penalties to an already incomprehensible tax code. Everyone knows that big changes are likely within a few months, but no one knows what they will be.
3. The costs of health care reform fall largely on business, but no one can accurately predict how the final rules will be written or how much they will cost--so employers have no idea how much an employee's benefits will cost in future years.
4. The President and some in Congress still talk about carbon regulation in one form or another that are widely predicted to have massive costs on consumers and businesses with little impact on predicted future temperatures--and every proposal seem littered with special-interest exemptions and political goodies.
5. The labor agenda will raise the cost of labor, reduce employment and slow the growth of the economy, yet still features prominently in the President's rhetoric.
These uncertainties are impacting employment and economic growth, which both are surprisingly weak.
The Democrats have a large majority in the House and a filibuster-proof majority in the Senate and the current lease on the White House. A lot of responsibility for the unprecented level of uncertainty on so many fronts--piled on top of the heightened caution we always get after a recession--rests in the laps of the Democrats. The Republicans contributed to the mess by passing estate and income tax laws with sunset provisions that are affecting us now.
Neither side will roll over for the ideas of the other. After November, we better hope we have elected a Congress that can forge a majority out of the sensible center and reduce the uncertainties that have paralyzed the economy.
Thats what I've been saying for awhile.. No one with half a brain is going to be out spending when the government keeps telling them that future costs are going to increase..
The money center huge banks and finance houses are hoarding the bailout money to advance the Republican agenda by preventing a substantial economic recovery. They are desperate to regain power in the congress and the white House so they can create the next financial boom and bust economy. They are only looking out for themselves.
With the constant "you will be taxed", "you won't be taxed" who wants to spend/invest their money ?
What business wants to hire additional workers if they don't know what 2011 will bring ?
The healthcare bill alone has employee caps/minimums for mandates and taxes.
A business will not expand and will be cautious in future planning if they don't know what tomorrow brings in the form of new taxes and mandates.
Thank our administration for that. A business cannot thrive in an unstable environment.
The money center huge banks and finance houses are hoarding the bailout money to advance the Republican agenda by preventing a substantial economic recovery. They are desperate to regain power in the congress and the white House so they can create the next financial boom and bust economy. They are only looking out for themselves.
Paulsen and Bernake asked for a blank check.
A DEMOCRATIC Congress approved it. Don't start pointing fingers at one party when both are 100% to blame for it.
The money center huge banks and finance houses are hoarding the bailout money
Most of the bailout money has been paid back..
Quote:
Originally Posted by GregW
to advance the Republican agenda by preventing a substantial economic recovery
Do you ever stop.. Now the agenda for the GOP is stopping economic recovery, and the banks are supporting this? Source other than self inflicted meaningless hatred?
Quote:
Originally Posted by GregW
They are desperate to regain power in the congress and the white House so they can create the next financial boom and bust economy. They are only looking out for themselves
um.. the bust didnt take place until Democrats took over 100% of ALL branches of government. Coincidence? possibly, but the lack of a recovery isnt one.. Democratic plans not working as expected..
In many ways uncertainty is worse than bad policy and it proves that Bammer is no where near ready to be President even with a year and a half of on the job training.
Political uncertainty is sucking the life out of the economy.
Fortunately our leaders are aware, concerned, and intent on addressing the problem.
The Senate recently voted 97-to-0 for tougher regulations.
When corporations buy a senator...they must now get a receipt.
Sweeeet!
The so called tougher regulations only obfuscate the problem further.
We will now have regulators to regulate the original regulators via new committees and agencies.
Banks/corporates can still do what they want. Was Glass-Steagall reinstated ? Was the Fed audited for all their off book activities ?
The ones who will be more regulated are us..Joe MainStreet.
The Wall Street crowd still get a free pass.
Go read the bill and tell me I'm wrong.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
