Skip to comments.Business Executives at White House: Save Us! Raise Their Taxes!
Posted on 11/16/2012 6:33:26 AM PST by Kaslin
Dont worry, folks. All is well.
Barack Obama gets it.
"The president gets it," says the chief executive officer and chairman of Honeywell, in a Reuters article.
David Cote, chief executive and chairman of Honeywell, says Reuters, told reporters that Obama understood a combination of tax measures and reforms of social programs will be necessary to address the so-called fiscal cliff and beyond that, the deficit.
Im really glad that Obama met with business leaders to straighten out that pesky tax thing that the rest of us have been so confused about. Im equally comforted that the major wire services were right there to let us know that we dont have to worry. The popular kids are in charge now, and it really wont cost us very much more than it has in the past.
The fiscal cliff, tax and entitlement reform are now become more settled science that the rest of us dont have to worry about, thank goodness. Our betters are meeting even as we speak and figuring out the winners and losers, so that we dont have to.
Executives urge White House, lawmakers to avoid "fiscal cliff," says Reuters.
Obama Meeting With All Sides Ahead of Fiscal Cliff, says US News and World Report.
Labor leaders pleased with White House meeting, reports MarketWatch.
Oh, yeah labor leaders. THAT explains it.
"Its time to protect social security benefits. Its time to protect Medicare and Medicaid benefits. And its time to raise taxes for the richest 2%, says Richard Trumka, head of the countrys largest labor organization, echoing common Obama reelection themes.
OK, it will cost us a little more- OK a lot MORE- but government spending only makes up 40 percent of GDP currently. How do we end up paying for everything else the 47 percent wants?
See all of us hayseeds have thought all long that raising taxes right now, while the world teeters on the brink of a global depression, might be a really bad idea.
But it turns out that we were wrong says a coalition of government economists, politicians, liberal media-types, union bosses and elite business executives who get to shelter their earnings from tax increases.
In fairness to union boss Trumka, he, like many of us, says the fiscal cliff crisis is made up. He thinks the fiscal cliff has been invented as a cover to cut government spending, while others of us think its been made up to raise taxes.
So the White House has very helpfully invited select business leaders, union leaders, government economists, and politicians to the Rose Garden to show us all how the world looks with the Rose Garden optics on.
"Our customers are working hard to adapt to the new normal,' but their confidence is still very fragile," Walmart CEO Mike Duke said in a statement quoted by Reuters. "They are shopping for Christmas now and they don't need uncertainty over a tax increase."
See, we all thought that what we needed was jobs and money. But it turns out all we really need is the certainty of a tax increase, a little more confidence in it, and zoom, this economys new normal will be, um, normaler still.
Fords CEO also hailed a bipartisan solution to tax increases, meaning By all partisan means, please raise taxes in the name of all thats not subject to a consumer protection recall.
Funny how suddenly the federal government has the power to get business leaders, who in many ways are dependent upon the favor of the government, to flock the White House in support of raising taxes.
There used to be a time when the business of government was business. Now it seems that the business of business is government.
Obama gets THAT for sure.
Look how about bringing US jobs BACK TO AMERICA?
No sarcasm. Not one tiny bit.
Lots of these guys have moved their money and investments off shore. The government will get very little out of them.
This is written as satire,.........right? (Sarcasm off)
” Lots of these guys have moved their money and investments off shore. The government will get very little out of them.”
Even their homes are now owned by an overseas corp....
With John Ransom? Could be
The truth is in the news every day.
Massive layoffs now taking place that were delayed until after the election to avoid damaging Obama’s reelection campaign.
Let’s see I am a business guy who sells products....struggling to stay afloat......I go to the president and say ‘raise taxes on the people who can afford my stuff, so they have less money to buy my stuff and then I will be just fine.’
Yea, I can see how that went down. (eye roll)
that would be they support raising INCOME taxes, not WEALTH taxes
The top 1% know there’s a big difference
Only little people survive on income
Just like under FDR. Business scatters and bleats.
Or layoff decisions made because O was elected instead of Romney. I was looking at purchasing a commercial building for my business, decided not to do it on the evening of Nov 6.
When the GOP finally realizes that the Fortune 50 and Wall Street are NOT CONSERVATIVE, we may see some progress in this country. Not until.
Do these Einsteins really think that any sort of a tax increase can stanch the bleeding and the inevitable collapse of the nation?
Told my wife today: "Honey, we're prepping."
And, yes, I know, I'm a little late to the party.
I know I'm not going to do any home improvements or remodeling and I doubt any of my neighbors will either.
Instead, I know I'll just focus on fixing what I have and maybe replacing the oldest stuff before the end of the year. Been putting off getting a high mpg car, but it's now or never.
I wonder how many other fellow Americans are having similar thoughts across the country, after a major market crash and four years of insane government borrowing and spending and devaluing the dollar to buy stuff for the entitled 47%, and all while being lied to in unison about everything from the weather to unemployment to the integrity of our elections.
Yeah, I see the economy taking off in a big way now. Taking a leap off the edge, more like.
All aboard, the crazy train's leaving the station.
Someone really needs to tell all those idiots up there that we don’t need another worthless stimulus.
If they really want to help (which I doubt), they need to cut the tax and spend policy.
I know I’d feel better about spending and job creation if they’d stop taxing everyone who isn’t an illegal immigrant, or makes less than $50k a year.
Someone needs to shake them and tell them “can’t you get it through your thick head that you are scaring the American people by your crazy, out-of-control spending?”
Geez, we’ve got a bunch of pothead, ex-druggies liberal hippies running this poor country. They just can’t understand why WE can’t agree with their every whim.
After 42 Years in business, we will be closing our store next week.
I am so sorry Sweets, my heart breaks for you and others like you.
What can you expect from these idiots with their pea-sized brains?
The only thing O’Beelzebub gets is that the U.S.A. and Israel must be destroyed.
Better...after all they went to Yale and all those wonderful universities that spit out lawyers. (rolling eyes)
So sorry to hear that....God Bless you.
Just looked at you page, I see you are in CA, I am as well. Santa Barbara, how close are you to there?
Just thinking I should visit your store, not sure it would help.
Again, I am so sorry.
Actually it’s a relief, our employees have been paid but we haven’t had a pay check in the last 4 years. My 82 year old husband is tired of driving 50 miles back a forth every day. We will do fine and just need a rest. Thanks for your thoughts.