"We are in a State of COLLAPSE - This is WORSE than Recession!" - Jeffrey Sachs Warning

[BaronChocula]

37. I think in Big Corp Culture downturns are favored over having to paying taxes

Recessions/depressions have an upside for businesses including lower wage demand, better borrowing rates and so on. After the recovery under Obama, big biz sat on their money instead of hiring, claiming uncertainty over tax policy during a Democratic administration. They had the capital to afford that luxury. That's just by my recollection. In my wild imagination I thought they may have been conspiring to keep economic growth slow enough to get an anti-tax republican elected in 2012.