Two trillion in cash, sitting, waiting! Where, you ask? In American businesses. Why won't they spend it? They will, once certain issues get settled. Businesses (unlike Government) have slimmed down their budgets by eliminating over 2,000,000 workers since Congress passed the Stimulus in February 2009. Businesses see change and most likely additional costs in these areas:
Taxes - business and personal
Health care costs
Energy costs
Credit
Labor costs
Quoting Eric Cantor (Minority Whip):
"No matter how much money President Obama borrows and spends, our economy simply will not recover until small, medium and large businesses have the confidence to put Americans back to work."
Source Article
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Thursday, September 02, 2010
Wednesday, August 20, 2008
Best Manager of the Economy
Why do you think that 49% of Americans think John McCain will be the better manager of the economy, as opposed to 40% for Obama?
One significant reason is that Obama and his democrats have no interest in lowering gas prices. Speaker of the House Pelosi is so opposed to drilling she is obstructing House procedure and will not even allow the issue of drilling to see a vote. Think Audacity of Pelosi - obviously having her way is more important than the will of the entire legislative body. This is just one example of how democrats totally abuse the governmental system they are supposed to be serving.
In addition to supporting higher gas prices, Obama also has shown that he does not have the intelligence to discuss economic issue. He just repeats sound bytes and message points - like a tape player.
Dennis
One significant reason is that Obama and his democrats have no interest in lowering gas prices. Speaker of the House Pelosi is so opposed to drilling she is obstructing House procedure and will not even allow the issue of drilling to see a vote. Think Audacity of Pelosi - obviously having her way is more important than the will of the entire legislative body. This is just one example of how democrats totally abuse the governmental system they are supposed to be serving.
In addition to supporting higher gas prices, Obama also has shown that he does not have the intelligence to discuss economic issue. He just repeats sound bytes and message points - like a tape player.
Dennis
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