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Author: MichaelRead Big gold star, 5000 posts Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756649  
Subject: Re: One for the Obama Nutjob crowd Date: 10/24/2012 4:10 AM
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Only a complete loon would attribute gains during Clinton and Obama years to anything they did, other than I would give Clinton some credit for compromising with Congress. Obama is ruinous to America and the American economy.

The facts state otherwise. Pesky things, facts. The stock market has returned over 20% in Obama's term, and business profits are at record highs. Obama is the best president for the economy since WWII.

FeedMeNowBaghdadBob


What saddens is in my trips south of the border (I live in Canada) is the number of boarded up retail outlets in malls. Not one or two but many. Hope shattered. The economy is such that income selling goods does not match financial obligation and therefore stores close.

I have run businesses for more than fifty years and thirty of those years as a business consultant – clients in 22 countries, that sort of thing – and to me the climate of business in the US now is appallingly bad. Would I start a business in the US under these conditions? No. I would do what many are doing: keep the money in the bank at whatever interest is gained rather than spending it on a business that will lose money due to taxes and heavy-handed regulation.

One of the companies I own specializes in flywheels and I have shifted the company’s direction from high-speed, low mass wheels to high mass, low speed. My estimate is it will take about a million to make the switch. Now, do I put that million into a climate where profit and capital gains are taxed heavily or where they are not?

Romney understands business and knows taxation influences investment, Futher, he knows that the best way to improve the economy is leave more in peoples’ pockets; the President is more concerned with ‘fairness’, yet another name for a tax grab that will continue to deaden.

You say the stock market has improved twenty percent in the President’s four years. Ye gods and little fishes: that is picayune. Cut personal taxes, capital gains taxes, and estate taxes and it will, at a minimum, cause the stock market to double that figure.

The President is the best president for the economy since WW11? Tell that to a small business that has closed its doors. They won’t believe you and nor do I.

MichaelR
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