I like the guy but he is going to unwittingly deal the final blow to the economy, we need growth more than anything else. http://online.wsj.com/article/SB122488966230768509.html He uses an example from FedEx. "Look, our capital budget as we went into this year was about $3 billion. We went out to Boeing in July for our board meeting to see the new triple seven, [the Boeing 777] which we have bought. If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens. We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate." We turn to the election. Mr. Smith is one of the most enthusiastic supporters of John McCain among the Fortune 50 CEOs. When I ask why, he says instantly: "Because I agree with him on trade, taxes, energy and health care."
So in times of plenty the solution is "tax cuts." When times are hard the solution is "tax cuts." How about we pay our bills, and Mr. Smith give up some of the $54 million in compensation he earned over the last five years and invest it in his own business?
Actually there's an inverse correlation between the size of executive compensation and how well the companies do.
You can't make this shit up... oh wait, it's a Demobot, it can make up anything, anytime, anywhere... Speaking of paying for talent, Obama is bought and paid for by George Soros.... and George is a Marxist... http://www.americanthinker.com/2008/10/hedge_funds_politics_and_the_m.html
Its just not Obama (if elected President) that will be a growth and job killer. If the Democrats win Senate seats this election, giving them 60 seats in the Senate, they will have absolute power over Republicans (no filibusters). Along with the Democratic controlled House of Reps and Senate, Obama (if elected) will have complete control and the United States of America will become a Socialist State!!! The real important elections are the House and Senate seats up for vote on Nov 4th! Congress is the place where Laws and Spending take shape, the President is only a "Fiqurehead"! Nobama.
Published: October 26, 2008 12:57 am | Font Size: Nation could be heading for a train wreck By CHUCK GREEN I couldnât stand it any longer. I voted last week. It wasnât the enjoyable exercise which voting ought to be. I canât recall that Iâve ever cast a ballot with such a heavy heart and a sense of foreboding. I voted, reluctantly, for John McCain. Yet I have a bet with a friend on who will win the election, and I put my money on Barack Obama. Neither man, and neither ticket, is right for the times. John McCain has run a very disappointing campaign - he either has been soft on the major issues, or he has avoided them altogether. He hardly has emerged as the bold, determined leader I expected. Barack Obama is the most-inexperienced candidate in history, the most liberal candidate in modern times, one of the biggest spenders in Congress, and he has promised to expand the American welfare state by leaps and bounds. My choice finally came down to a simple decision. I didnât want to support a Democratic president when it is a certainty that both the Senate and the House will be controlled by the Democrats. I didnât want to endorse a runaway Democratic train, with absolutely no restraints on big spending and high taxation. The prospect of a triumvirate consisting of Obama, Pelosi and Reid was too much for me. George W. Bush is going to be recorded as one of our worst presidents ever. The Congress led by Pelosi and Reid already is worse - possibly the worst in history - and it appears only to be headed lower. It will get worse if Obama is elected president, joining House Speaker Nancy Pelosi and Senate President Harry Reid in forming an unstoppable one-party government. Only John McCain stands in the way of that happening, and he stands as a very thin shield indeed. According to the latest polls, he stands a slim - though not insurmountable - chance of being elected the 44th president of the United States. The prospect of Obama as president, bolstered by a Congress that is belligerent, unrepentant and duplicitous, does not offer America a future of prosperity. Obama wants to âspread the wealth aroundâ by increasing taxes on âthe wealthy,â a term that so far has defied his own attempts to define, to the absurd point that even people who donât pay income tax will get a cash refund. Thatâs a formula that ensures a less-productive, more-dependent society at a moment when the country needs more production and less dependence. The Democrats seek to join a multilateral association with an increasingly hostile global community that only wants to weaken - or destroy - the United States. It is as if we are on a mission to denounce our heritage as the most successful and enduring democracy in human history, only to join forces with cultures that have oppressed the freedom of their own people and meekly settled in the quicksand of economic and industrial stagnation. If the Democrats have their complete and total way, with no restraint, âspreading the wealth aroundâ will mean there will come a time when there will be little wealth to spread. We will become a society infected by a disease of malaise, our inventive spirit and entrepreneurial energy sapped by a government that no longer is dedicated to unleash our vigorous instinct but only in sapping and extinguishing it. If the Democrats gain absolute control of the government for four years, it wonât be easily nor quickly reversed. Only John McCain offers a limit to the damage that can be done. Chuck Green, veteran Colorado journalist and former editor-in-chief of The Denver Post, syndicates a statewide column and is at chuckgreencolo@msn.com.
Ha its easier to call him a "demobot" that to have a logical discussion isnt it. That in itself is pretty telling. Besides why is everyone so afraid that jobs will be lost and growth will be stifled...you REPUBLIBOTS can't see that THAT IS ALREADY HAPPENING? We've ALREADY lost hundreds of thousands of more jobs this year alone, the job market is worse now than in the last 5 years. Obama will stifle growth...look around idiots....using your mccain/bush policies... ITS ALREADY HAPPENING
Nah, they would not buy more planes if they had a lower tax rate. They'd buy more planes if they needed more planes, if more americans (and non-americans) needed and could afford their services and their current fleet was no longer able to handle the demand. Then and only then they would buy more planes and they would do it regardless of the tax rate, regardless of whether they had cash on hand or had to borrow the money. This is business 101 - you don't buy things when you have money, you buy things when you can't do without them. Unfortunately given the fact that the US consumer (and his foreign counterpart) is broke and no longer needs/can afford Fedex's services, its the consumer, not Fedex and not Boeing who needs help, it's an extra $100 in the pocket of the average amerian, not another billion in the coffers of Fedex or Bill Gates that will make Fedex buy more planes or hire more workers.