Sorry, Republicans, The Economy Is Not Crappy Because Of “Uncertainty” About Taxes And Regulation

[marmar]

Business Insider, via Yahoo! Finance:




Sorry, Republicans, The Economy Is Not Crappy Because Of “Uncertainty” About Taxes And Regulation
By Henry Blodget | Daily Ticker


For the past year or so, Republicans have blamed the sputtering economy on "uncertainty" about taxes and increased regulation.

Specifically, Republicans say, businesses would be growing and investing and hiring like mad if not for the possibility that they'll soon be socked with higher taxes and more rules.

This "uncertainty" is supposedly freezing managers and investors in their tracks.

.....(snip).....

Businesses are nervous because, despite the government's massive and ongoing stimulus, the economy still basically sucks. When the economy only grows 1.8% when the government has its foot stomped on the gas pedal, businesses can be forgiven for thinking that the road ahead may not be entirely clear. .............(more)

The complete piece is at: http://finance.yahoo.com/blogs/daily-ticker/startup-2011-tickets-sorry-republicans-economy-not-crappy-153040026.html

[phantom power]

1. The GOP - pretending "demand" doesn't exist as an economic concept for 40 years.

:eyes:

[IndyPragmatist]

2. Sorry, but that is a terrible article

First, the formatting was all messed up. Was that just me or did anyone else have trouble reading it? It was poorly written, and sounds more like something that a high school student would write, and not a economic writer.

Back to the article itself....
"Yes, it's true that businesses are nervous right now, but the nervousness has nothing to do with the possibility of higher taxes or increased regulation.
Businesses are nervous because, despite the government's massive and ongoing stimulus, the economy still basically sucks. When the economy only grows 1.8% when the government has its foot stomped on the gas pedal, businesses can be forgiven for thinking that the road ahead may not be entirely clear."

The uncertainty is based on EVERYTHING. The economy, fuel prices, taxes, etc...it's uncertainty about everything. The article is just an attack piece with very little fact in it at all. The guy doesn't even seem to understand what is being talked about when referring to "uncertainty." It is uncertainty with both parties. Both parties care more about blocking the opposition than they do about helping the economy improve.

A lot of the things the republicans say is crap, but this piece is nothing more than an opinion piece on how he feels about the republican party. And I'm sorry, but his attempt to prove how businesses are still hiring by referencing his own company is hilarious. Yeah, a company whose job is to report on the economy is hiring during uncertain economic times....who woulda thunk it!?

[mountainlion55]

5. Good dismantle

:smoke:

[eridani]

7. Bullshit. Why not try asking any small business owners whether they would prefer--

--a. Few customers and low taxes, or
b. high taxes and lots of customers?

And no, you can't have low taxes and lots of customers, because the resulting income and wealth inequality strips discretionary income from the majority.

[pansypoo53219]

3. BUT THE GOP WANTS THIS.

they think this is how they can DEFEAT obama.

[progressoid]

4. the government's massive and ongoing stimulus...

only stimulated the top.

[librechik]

6. the economy will continue to suck as long as wages stay flat

We have to have money to buy things. Buying things creates demand. Demand imporoves the economy. Get your boot off our wages, corporations!