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Will there be a big boost if Republicans win in November? Will it wait until they get sworn in? Will it wait until Obama is out of office or loses the election? Will it be a little if the Republicans win, then a big boost when they get sworn in, and then a much bigger boost if Obama loses in 2012?
The election won't make a difference, one way or the other. Unless we suddenly become a government-planned economy (like China or Cuba), the government can't do a lot to control it.
^True, but if the government becomes a lot less likely to interfere in things than it is now with Obama and a rubber stamp Congress shouldn't that encourage people to start expanding a big?
^True, but if the government becomes a lot less likely to interfere in things than it is now with Obama and a rubber stamp Congress shouldn't that encourage people to start expanding a big?
Al, I think you've got it pegged. Consumer credit scores are the highest since 1998, household savings rate is the highest since 1992, total credit card balances have been paid down 21 months in a row, corporate borrowing costs are the lowest in history, profits are nearing record levels, and corporate cash on the balance sheet is at a towering record level. Despite the new-found prudence, the economy is growing--although very slowly.
As soon as the tidal waves of "help," mandates, and thousands of pages of new legislation from Washington come to a screeching halt, the economy will improve pretty rapidly. All the pieces are in place, EXCEPT for a government that won't stop meddling with us. Glorious gridlock would be far, far better than the Obama/Pelosi/Reid assault on private enterprise, which employs over 100 million of us and provides 100% of the wealth of the country.
The economy will impove when this president stops giving speeches. I see the stock market start to make an improvement and he speaks and it goes downhill again. Watch out tomorrow!
I do not see it turning around for a while unless something changes.
Business are afraid to hire or expand because of mistrust of Obama and his economic staff. They simply do not trust what they might do next.
The HC will cost them tons of money, the taxes are going to go up and when the Bush tax cuts are taken away by Obama most business will get hit once again.
No smart business person is going to invest when you have a person in the WH who uses the words "unexpected" all of the time.
Trust is something Obama has a major issue with and business owners know that.
^True, but if the government becomes a lot less likely to interfere in things than it is now with Obama and a rubber stamp Congress shouldn't that encourage people to start expanding a big?
You're assuming too much, I believe. After all, there were two recessions while George Bush was President. The first one began in March of 2001, when Republicans controlled Congress.
You're assuming too much, I believe. After all, there were two recessions while George Bush was President. The first one began in March of 2001, when Republicans controlled Congress.
Sorry, we did not have any recession in 2001.
Bush and the rep's saved our country from the brink of total collapse after 9-11.
The only recession was in 2008, after the dems took control of congress.
What YOU think does not count, what the facts are does count.
No recession in 2001 and a recession in 2008 are the facts period.
No recession in 2001 and a recession in 2008 are the facts period.
There was a recession in 2001 (Economists say recession began in March - Nov. 26, 2001). It was related to the Dot.com bust and the fall-out from 9-11. I was working in investment banking at the time and remember it quite clearly.
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