Sitting Out Obama

[boomerang]

Sitting Out Obama

This is a fantastic article. I had never really looked at the economy, the nation and business from this perspective as they relate to this administration.

I'll quote the first two paragraphs. Take the time to read it. It's not very long.

We recently saw lots of sit-down strikes and demonstrations — the various efforts in Wisconsin, the Occupy movements, and student efforts to oppose tuition hikes. None of them mattered much or changed anything. There is a sit-down strike, however, that has paralyzed the country and has been largely ignored by the media.

Most economists since 2009 have been completely wrong in their forecasts, reminding us that their supposedly data-driven discipline is more an art than a science. After all, a great deal of money is invested and spent — or not — based largely on perceptions, hunches, and emotions rather than a 100 percent certainty of profit or loss. And the message Americans are getting is that the Obama administration is hostile to investment and business, and thus should be waited out.

 

[yllus]

A lot of bombast but no numbers as proof. Does anyone seriously think that companies are going to sit on the sidelines for four to eight years because of who's in the White House? That's highly unlikely on the basis of companies that dumb don't last very long.

Product cycles doesn't work that way anymore anyways. Good luck executing on a new product idea if you shelve it for another four years first.

 

[dank69]

A lot of bombast but no numbers as proof. Does anyone seriously think that companies are going to sit on the sidelines for four to eight years because of who's in the White House? That's highly unlikely on the basis of companies that dumb don't last very long.

Product cycles doesn't work that way anymore anyways. Good luck executing on a new product idea if you shelve it for another four years first.

It's typical rightwing bullshit that sounds good to the uneducated but falls apart the moment you actually examine it. Keep shoveling boomer.

 

[3chordcharlie]

The Mexican economy is growing faster!

FFS, after the last 20 years, Mexico doesn't exactly have any room to 'not grow' and keep existing.

Thanks NAFTA!

 

[Matt1970]

It's typical rightwing bullshit that sounds good to the uneducated but falls apart the moment you actually examine it. Keep shoveling boomer.

Why do you think so many companies are sitting on piles of cash? It takes money to make money and sitting on it doesn't make much.

 

[Moonbeam]

Simple answer. Nationalize them. There is a similar sit down strike going on in congress. Vote them out. The people can change everything if they want. Maybe they hate themselves and like the fact we are going down the tubes. Maybe businessmen hate themselves, maybe Republican congressmen do too.

 

[UberNeuman]

I guess companies were sitting out under Bush as well....

\the blooming Bush recovery.... rawl...
\\mission accomplished...

 

[Lemon law]

Yup that for sure, all the investors are waiting in the wings to see Romney totally destroy the American economy. But it might take Romney six to nine months, to destroy the economy, one big last chance to run up a final quick fraud, before the bottom drops totally out. Thereafter no profits to be found in the resultant garbage dump.Thereafter sell the American economy short in various international stock exchanges.

But still, no quick profits likely to be had, with all the insider information, Bain capital will probably be the only one to make a killing.

 

[theeedude]

National Review, LOL.
Silicon Valley sure isn't sitting out Obama.
Detroit isn't sitting out Obama.
Even oil and gas is not sitting out Obama, domestic oil production is at all time high.
People are sitting out the Republican obstructionism.

 

[Bowfinger]

Companies "sitting out Obama" are only hurting themselves while allowing their less partisan competitors to pull ahead. Shareholders in such "sitting out" companies should seriously question the competence of their boards and CEOs.

 

[Infohawk]

A lot of bombast but no numbers as proof. Does anyone seriously think that companies are going to sit on the sidelines for four to eight years because of who's in the White House? That's highly unlikely on the basis of companies that dumb don't last very long.

If by sidelined you mean investing and hiring in the third-world instead of North America, then yes. Probably wouldn't matter if it were a Republican in charge though.

 

[theeedude]

If by sidelined you mean investing and hiring in the third-world instead of North America, then yes. Probably wouldn't matter if it were a Republican in charge though.

If it wouldn't matter if a Republican is in charge, then they aren't sitting out Obama.