believer;846527 wrote:You no doubt refer to BHO's $800 billion in unfruitful porkulus spending, ObamaKare (which businesses everywhere are eager to embrace), and his continual desire to increase taxes just for starters?
Obama is easily the most business-friendly POTUS I've seen in my lifetime.
As opposed to Bush's 800 billion in bailout spending? Believe it or not, the unscrupulous and reckless habit of spending is a temporay boon for businesses. It falls in line with the monetarists....flood the market with worthless paper money to "improve" business dynamics.
As for Obamakare, again, not so sure that this can be construed as "anti-business" at all. It will be busines as usual once the schit settles.
No, my take is that Obama has kept the Bush tax cuts, which is most definitely business friendly. Has maintained a prime lending rate which is lower than whale schit, and kept the presses running printing money....which is in fact business friendly...not unfriendly...or at the very least a tactic that is used to expand the economy, for the short term..see above.
Monetary and fiscal policies are government interventions that are utilized to counter the normal business cycles of capitalism. Low interest rates and free flowing money are used to incite business expansion and growth during bad times. These have been in place since 2008, when Bush was in power. Conversely, when the economy is hopping, then seat belts are applied in order to cool the booming economy. Interest rates fly up and the expansion of the money supply is greatly tightened. The reason for cooling an overheated economy is that inflation must be held in check.....Inflation is an unfortunate bi product of a booming economy.
