Skip to comments.McDonald's Chief Exec Says US Must Cut Taxes
Posted on 11/07/2011 1:40:35 AM PST by markomalley
America must cut taxes and reduce Government spending in order to kick-start a recovery, McDonald's chief executive Jim Skinner has told Sky News.
In a rare television interview, he told me: "The question is, how can we get the ox out of the ditch?
"In order to create jobs in America, you're going to have to do something with the tax You have to cut taxes particularly in the business community.
"We pay some of the highest [corporate] taxes around the world There needs to be some levelling."
Asked about federal borrowing, he said: "It's not a good story that's for sure The Government has to spend less.
"We have to grow the economy, grow the GDP And you have to be able to do it in an organic way and not through borrowings and increasing debt."
McDonald's army of blue-collar customers need more clarity on core issues, such as healthcare, he said.
"Until all of that is all defined and certain we're going to continue to have a fragile environment for consumer confidence."
(Excerpt) Read more at news.sky.com ...
Although he might be correct, I find it hard to beleive that the generally economically ignorant population will be in agreement with a corporate CEO saying that the solution is tax cuts for corporations. He’s right, but it isn’t going to happen politically a stand-alone solution.
Although he might be correct, I find it hard to beleive that the generally economically ignorant population will be in agreement with a corporate CEO saying that the solution is tax cuts for corporations. He’s right, but it isn’t going to happen politically as a stand-alone solution.
The man is 100% correct.
1. Cut taxes.
2. Cut regulations
3. Cut government
Dump the EPA.
Dump a whole bunch of ABC crap.
He’s gonna lose his Zer0care exemption.
That is just the way the CEO prefers to endorse someone for President. Its a twofer. Shareholders and his endorsed candidate are probably pleased.
I couldnt agree more. The solution is so easy and would turn the economy around within a very short period of time, and this country would be booming again. It is just unfortunate that most of these corrupt, incompetent clowns in Washington either can not see it, or for what ever reason dont want to do it. I do not want to imply that all of them are bad and corrupt, but I do believe a good portion of them are.
On the other hand why do we expect the people who represent us be any better then the populace in general as they are pretty much a reflection of the people who elected them. Unfortunately and sad to say, any more about half the population votes for a living while the other half works for a living.
The problem is not just here in the US, as it appears to be world wide and sooner than later I have a feeling it will come to a head, in what shape or form I am not quite sure, but what ever it will be, the results will not be pretty.
What's the matter, boys? Don't you like the Kenyan/Muslim/Commie's “hope” and “change”? Kinda sucks to be Americans doesn't it? And, you helped!
Up next: President Obama visits Burger King.
Want fries with those tax cuts?
“Want fries with those tax cuts?’
Yes and supersize it!!!!!
Bingo, first thing I thought. After that statement, somebody will decide McDonalds doesn't deserve a break today.
He should have cut to the core of the major issues facing his company and returning value to his shareholders: Getting rid of obamacare.
He has a waiver does he not?
That is, he already did that
In contrast to America’s economic woes, Mr Skinner views Communist China as his company’s most exciting market.
McDonald’s has nearly 1,400 restaurants there but expects to have 2,000 by 2013.
This flagship of American capitalism seems strangely at ease doing business with China’s communist elite.
“I think the Chinese are very good in terms of economic responsibility, on behalf of their people and on behalf of their country,” Mr Skinner said.
That way there be dragons Mr. Skinner.
We didn’t defeat Soviet communism by investing in them or sending them our capital.
China Threatens to Use Financial Weapon Against America
On Monday, Peoples Daily, Chinas leading newspaper, stated it was time for Beijing to consider using its financial weapon against the United States.
The Communist Partys flagship publication suggested that the Chinese government directly link its purchases of US Treasury debt to Taiwan arms sales and require ratings agencies to downgrade the United States in order to force up interest paid to China. China should also launch limited trade sanctions against states whose representatives in Congress supportTaiwan. China-US relations will always be constrained by these people and will continue along a roller coaster pattern if China does not beat them until they feel the pain, the paper said.
The context for the stinging piece in the partys self-described mouthpiece may be proposed arms sales to Taiwan, but the general message is clear: China should use its holdings of American obligations to accomplish its many geopolitical aims. In fact, China has never wanted to use its holdings of US debt as a weapon, the paper noted. It is the United States that is forcing it to do so.
These corporate CEO’s think the communist business model is the most profitable business model. If you think about it from the point of view of pure profit, of course it is. But is that the kind of business model America wants. Have our principals of liberty become so cheap as to be sacrificed on the alter of the “Bottom Line”?
Could you enlighten us by giving a few words to define the communist business model?
I suspect you have no clue as to what it is or you would not have made the post
In China things work differently. There is another sort of business model, partly a legacy of the country's communist government. Big businesses are not expected to stand in isolation. They are expected to retain close links to the state. They are often directed centrally, by the government, with senior managers moved between firms on the orders of Beijing. Many bosses remain active members of the Communist Party, with clear lines of loyalty and understood expectations. Although many large Chinese firms are listed on local and international stock markets, their presence there is mostly to gain access to cheap finance. Chinese businesses have much less need to make a profit or generate dividends. The rewards for investors are expected to come from how well they gamble on the market.
Chinese firms can also be provided with their customers by the state, as if on a platter. When big domestic tenders are up for grabs, an increasing number are only open to Chinese firms. This ensures skills, jobs and wealth are kept at home, not sucked away by foreign-devil employers.
Chinese firms are often given privileged access to new technologies too, removing hefty R&D costs. Leached away from foreign firms and then localised, Chinese companies have frequently acquired their capabilities without cost. While this breaks foreign laws, many Chinese firms see their actions differently.
The wages for the average Chinese worker is 133.00 a month.
Lower for prison and child labor.
The solution may be easy (for a conservative) to understand, but it is fiendishly difficult to implement - because it involves entrenched political interests voluntarily giving up both power and a sure -fire vote-buying scam.
Only when the penalty for holding on to these things becomes greater than the value of keeping them will the entrenched interests let go. That can't happen without a lot of negative reinforcement from the public and the MSM.