Quote:
Originally Posted by shakran
That said, I find it . . Cute. . that the republicans, who not only failed to grow the economy, but who caused it to implode, have the chutzpah to bitch about Obama's plan. Your plan failed. Spectacularly. You clearly don't know what you're doing, so why not sit down, shut up, and let someone else have a go?
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Let's be clear on a couple of things. First, recessions are normal, they are a part of our normal business cycle. During periods of accelerated economic growth excesses develop and the excesses need to be removed, hence in simple terms, you will get a recession. Also you can get a recession after a period of above normal innovation, when innovation goes back to normal or below normal, this can trigger a recession. The bottom line is that the causes of a normal recession does not have to be related to government actions although it could.
Second, government actions during a normal recession can make the recession worse or last longer. I think this is the case we have now and I think the rhetoric from the President is not helping and most likely is having a negative impact.
Third, I know what has an impact on me and my business. Government regulation, taxation, along with the threats of more taxation and regulation has an impact on the decisions I make. Again, if I am the only one, there is no concern - if I am one of millions or ten's of millions of small business owners, it should be a concern for you and the President.