CHALLENGED (title changed due to bedwetter outcry)

[Breadburner]

Looks like I was right....

[Conan71]

The McCain campaign did. I'm not sure how the Obama campaign would have access to that. Unless you're accusing the administration of committing a crime, that is.

And as you're aware, tax avoidance is not tax evasion. Romney could easily have used a questionable interpretation of law to avoid paying tax without committing a crime. As is par for the course, were you or I to do that and have the IRS disagree, we'd pay penalties and interest in addition to the tax owed, while Romney would not have those addons by virtue of having the means to have a tax attorney draft a $200,000 letter advising Romney that the tax shelter was legal.

Yet, the Obama camp is somehow implying tax avoidance is a crime.  I've said it a million times, re-write the friggin' tax code!  It's not Romney's fault that the government allows people like him to keep more of their wealth- which does leave it available to them to reinvest, which does create jobs.

Warren Buffet employs many competent tax attorneys and is currently engaged in litigation which may result in penalties and interest.  Don't make it sound like Romney gets special treatment that prominent bundlers and close associates of Obama don't get.

[nathanm]

Reinvest? US companies are now sitting on over 5 trillion dollars in cash and equivalents. You know what will make them invest? Demand, not mollycoddling.

[Conan71]

Reinvest? US companies are now sitting on over 5 trillion dollars in cash and equivalents. You know what will make them invest? Demand, not mollycoddling.

Confidence will create demand. 

[Red Arrow]

Confidence will create demand. 

And the government will create that confidence by taxing the rich.

(Just practicing again.  )

[nathanm]

Confidence will create demand. 

Confidence in what? Demand.

[Conan71]

Confidence in what? Demand.

Confidence in the business environment. 

We've re-treaded the reasons many times, you simply don't understand the behavioral aspect of those who make business decisions.

If Romney is elected in November, the Obamites will rejoice in claiming credit for Obama's policies finally resulting in 5% unemployment again when in reality it's been his rhetoric and policies which have kept many who are capable of new investment from doing it.

Of course, I'm only speaking of the business owners who are racist, listen to Limpbag, Hannity, and watch Faux 24/7.

[Gaspar]

Poppycock!  The private sector is doing just fine.  There is no crisis of confidence.  Business leaders should rejoice in all of the policies that President Obama has graciously bestowed upon them.

[RecycleMichael]

I am so thankful that we can get an economics lesson every day from Professors gaspar and conan. They just must know everything about every business in the country.

[nathanm]

If they want to ignore the surveys asking business owners why it is they are/aren't expanding, that's their prerogative. #1 answer is and has been poor sales. Let's ignore that and worship the confidence fairy, maybe she'll make people feel better. It's worked real well in Spain, Italy, and the UK.

[Teatownclown]

Sorry, that's class warfare.

Bro, we are now referring to this term as tax fairness. You probably know this.

I personally think we have been in the second dip of this Bushkin hangover recession for 6 months now.

When the Fed does QEIII coupled with the reversibility in the tax code in December there will be definition and the economy will start to solidify. Rates are so low, equities will seem appealing.

The Repiglicans better get their ax together or be saddled with higher tax rates and roll backs to previous exemption limits.

[RecycleMichael]

I watched and participated in a webinar last week about recycle markets and business trends.

There was great discussion of Asian countries purchasing of commodities, technology breakthroughs in sorting, the price of oil (plastic), and increased tonnage because of new community collection efforts. These national experts discussed citizen habits and expectations, trade imbalance, shipping concerns, etc.

Obama's name never came up.

No one blamed him or gave him any credit.

Yet when I listen to gaspar, everything in the business world is in the toilet because of Obama. Every businessman he knows makes every decision based on what the President says or does. Why, people walk out on a conference and quit because of any positive news about the president, according to gaspar.

It is hard to believe our worlds are so different.
 

[Red Arrow]

I personally think we have been in the second  Nth dip of this Bushkin hangover recession the Great Depression for 6 months now.

[Red Arrow]

Obama's name never came up.

Longing for the good old days when everything was Bush's fault?

[nathanm]

I personally think we have been in the second dip of this Bushkin hangover recession for 6 months now.

The threat of austerity combined with some of our biggest trading partners enforcing it on themselves will do that. Many European countries are doing worse now than they did in the Depression. We are, at present, somewhat above the equivalent performance in the 30s by most measures. I suspect that's more due to the FDIC keeping the banking system functional than anything else, although the stimulus undoubtedly helped somewhat, despite being half tax cuts in an already low rate environment (where most wealthy folks were going to be reporting a tax loss anyway, mind you)