Tuesday, December 28, 2010

Jobs continue to be lost, the tax base is decreasing and the half wits running the country are spending money like there is an unlimited supply and at the same time raising taxes, instituting laws and policies that will discourage large companies and small businesses from hiring. It's incredibly irresponsible.

ReplyThe health bill adds $8,000 to the cost of hiring a guy and paying health coverage for his family. Small businesses must lay off employees to pay for health care. The minimum wage is too high already. On top employers pay medicare and social security tax. It makes no sense to hire an American when Mexicans cost $1/hour and are connected by rail to Chicago.Folks - it would help to understand something about economics and markets. The stock market at best is a reflection of the overall economy not a driver of it. Banks and the government are mostly responsilbe for our current economic situation by fueling the housing bubble on unsound debt. The stock market had little do with that. Rather look to the large financial companies like Goldman Sachs for aiding and abetting the banks and government. The market is a gamble - it has been since it started in the early 1800's as the bucket shops. Short term stock valuation swings are driven by sentiment not fundamentals.

There is little difference between the Dems and Repubs. They both are driven by self interest and spend our money like drunken sailors - after all they are politicians - nuff said.

No comments:

Post a Comment