Its not just Joe the Plumber that will be hurt by higher taxes and will stop hiring and spending and start firing and scrimping.
It’s “Fred Ex” too. Big business, employing the rest of America that doesn’t work for Uncle Sam, is and will do much the same.
There are few better people to ask about our current economic precipice than Mr. Smith — or, as some people call him, “Fred Ex.” His company has $38 billion in sales, employs four football stadiums full of workers, owns 300 jet airplanes, and tens of thousands of trucks and vehicles. FedEx moves an incomprehensible seven million packages each day to every corner of the globe.
Broken Record: “Middle Class” Americans won’t care about lower taxes or a stimuless check in their hand if they have lost their job or are concerned they may.
“Look, our capital budget as we went into this year was about $3 billion. We went out to Boeing in July for our board meeting to see the new triple seven, [the Boeing 777] which we have bought. If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We’d buy more triple sevens. We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate.”
Buying more Boeing 777’s, an American product; made in America by Americans, would mean more good-paying “Middle Class” American jobs. This is but one example. There are thousands of employers, large and small that face the same challenges, brought on by Washington’s corruption, mismanagement and liberal agendas.
Fiscal conservatives understand this. Liberals like Obama and his posse will ramrod their social engineering designs without regard for what damage it will do to the economy, hurting the very constituents they claim to work for.
Right J, cause God knows that they’ve otherwise been on a hiring binge these last 8 years.
Right J, cause God knows that they’ve otherwise been on a hiring binge these last 8 years.
When are you going to get it through your thick skull Maligna? I don’t count Bush among conservatives. Even McCain isn’t perfect in this regard but he’s a far better choice than a Socialist.
Boeing can always hire the free Airplane Pixies to build carbon-free planes, right? They’re not Union.
JR – I’ve been respectful, let’s keep it on the up and up. The point is, tax cuts don’t work, they didn’t work in the 80’s, they didn’t work now, unless there is something viable to invest in. If it’s more attractive to hire offshore, the idiots running corporate America are all pleased and happy to slit their own throats (long-term) because in their myopic zeal, they don’t see that catastrophic macro effect.
BTW – yet another story of “Maverickey” Palin – http://www.msnbc.msn.com/id/27374946
And JR – handing money to the rich expecting them to share it, is about as logical as handing it to the government.
Peev thinks the “rich” get money “handed to them”. Someone this economically illiterate could not possibly make a living in the Financial Industry.
Maligna: Do you have employees?
I do.
I write a check and sometimes even borrow money to pay taxes and salaries.
Do you?
I think I’ll take Fred Ex’s word over yours if you don’t mind.
I have clients that are cutting expenses and already laying off workers in anticipation of higher taxes and the economic downturn that will be exacerbated by them.
Do you?
I think I will take the word of real business owners with real employees over yours if you don’t mind.
Sorry I don’t have a link to some irrelevant article to support my commentary. I’ll leave that to you.
Hey peev, don’t you have a blog somewhere? You know, somewhere you could write an expose about how Mr Hope & Change managed to spend forty million Annenberg bucks without accomplishing anything? That money went somewhere, didn’t it?
This could be your ticket into Big Time Journalism, fella.
Thanks to all that “community organizing” some Chicago neighborhoods are too dangerous for mail delivery.
Heckuva jub, Obamabi!
JRoosh, your verbal retort to Peev’s comments was totally uncalled for. I mean, utilizing coherent arguments and logic? That’s a low blow.
penigma said:
“unless there is something viable to invest in”
So you’ve never heard of the phenomena of “investing in your business”, penigma? Wow. You are … ignorant.
Only in Penguinigma’s world can keeping more of your hard-earned money equal “handing money to the rich …..”. Whose money is it really? Are we just holding it for the government?
Again, wow ……
Companies are cutting expenses and laying off workers in anticipation of higher taxes and the economic problems that will occur. Conservatives understand this. Obama and his liberal, illuminati socialists will implement his disastrous programs without even thinking what it might do to our economy.