posted August 18, 2011 11:09 PM            

Tsk, tsk, tsk. Refuting nonsense shouldn't be this easy.

Those trillions in business money sitting in bank accounts are a "vote of no confidence" in O'Bomber's economic policy...and common sense.

O'Bomber keeps talking about raising taxes and is most certainly piling on business regulations. CEOs have a fiduciary responsibility to stock holders of their company stocks. O'Bomber and the Socialist clowns he's surrounded himself with are definitely anti-business. Why should they help O'Bomber out of the spot he's gotten himself into?

Additionally, lots of that money is parked in overseas bank accounts from profits earned abroad. Those companies have already paid the tax on their profits earned in other countries...in those countries. If they bring that money into the United States, it would be taxed again.

My guess is that those trillion are going to remain parked in banks...as long as O'Bomber is prez. The overseas money could be repatriated IF O'Bomber agreed to a suitable small tax...say 5%. I don't see that happening.

Btw, the DJIA was down another 420 points today. This kind of market volatility is a sure sign of economic uncertainty. The buck stops at O'Bomber's desk.

posted August 19, 2011 08:51 AM            

But, Daley isn't going to be able to convince corporate America that O'Bomber and his Socialist minions aren't anti-business. Neither is Daley going to be able to convince corporate America that O'Bomber's economic policies are good for their businesses, or good for America.

posted August 19, 2011 11:41 AM            

The rest of your post is uninformed opinion as per the usual.

posted August 19, 2011 12:26 PM            

That doesn't lend itself to job creation in the United States where US corporations are in competition with foreign made goods and it doesn't make US corporations competitive in the US export markets where US corporations are competing in foreign nations with competitors paying a lower corporate tax rate.

posted August 19, 2011 12:41 PM            

but it is asinine to say it is "obama's economy" that is squelching investment in their companies. stagnation breeds decline, would they do that to themselves just because they have to pay higher taxes? not according to buffet, or anyone who wants to make money!

"i will keep my company going if it makes 100K profit but not 70K?" puleez!

and as pointed out by buffet and MANY others, the bush tax policy and economic policies did not encourage job growth, quite the opposite. THAT IS HOW we got here in the first place!

posted August 19, 2011 12:50 PM            

If the Bush economy "didn't create jobs" then how is it possible that average year to year unemployment during the Bush administration was lower than the average in the 1970s, 1980s and 1990s?

posted August 19, 2011 12:50 PM            

quote:

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makes US corporations uncompetitive in the world marketplace.

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Is that true? Do our corporations struggle in the global economy, or are they just fine? I would think the prevailing opinion would be that they do just fine. After all, they don't actually pay in taxes as much as they're supposed to be accountable for. Also, the purpose of having a weak dollar is supposed to stimulate exports and manufacturing. Yeah, I don't think there's really a compelling argument to be made about how difficult it is to do business here.

quote:

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You simply don't know what you're talking about acoustic and there's nothing new in that. It's just the usual for you.

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posted August 19, 2011 06:37 PM            

Here, try some Global Market Economics for Dummies.

Every dollar of taxes, every paper clip, every pen must be loaded into the price of goods and services.

When US corporations send exports overseas their products carry an extra tax load their competitors don't have which makes US products more expensive in foreign markets.

For US sales, that very same tax load is in the cost of products making those products more expensive in the US than foreign produced goods from nations with a lower corporate tax rate.

That's the reason almost all industrialized nations cut their corporate tax rates...to make their products more competitively priced in world markets.

The other component of lower corporate tax rates is to attract foreign capital to the United States. Think foreign corporations want to open businesses here and pay their profits into US taxes?

There, wasn't that simple acoustic. You could have found all this out for yourself if you weren't so busy blowing hot air out of your butt.

High Corporate Taxes Undermine U.S. Global Competitiveness
By Anthony Kim and Ambassador Terry Miller
September 15, 2008

High corporate tax rates are undermining U.S. international competitiveness. The global economy demands that companies be flexible and swift in order to remain competitive. High tax rates deprive companies of both the means and the incentive to take advantage of new market opportunities or technological changes that can improve productivity.

posted August 19, 2011 07:16 PM            

quote:

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When US corporations send exports overseas their products carry an extra tax load their competitors don't have which makes US products more expensive in foreign markets.

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Where does the U.S. rank versus the exporters of the world? Third. Poor argument wouldn't you say? We don't have tax information on China, but Germany (top exporter number two) pays a higher percentage of their GDP in corporate taxes than the U.S. does.

Now what do you have to say about world markets and the effects of the corporate tax rate?

Reality:

posted August 19, 2011 09:01 PM            

This is absurd.

JW

quote:

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The corporate tax rate is fine for job creation as it is.

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Hilarious! working just fine! both in creation and the money in the CEO pocket. Have you looked at the increases in take home pay for these guys quarterly, since 2007. AT ALL?

posted August 19, 2011 11:14 PM            

Trying to change the subject again acoustic?

Obviously, we're not talking about tax load to GDP. We're talking about corporate tax rates on corporate net profits...OR are you so lost in the fog you don't know the difference?