When multi-national corporations have record profits in 2010 and also cut jobs, it's hard to feel a whole lot of sympathy for proposed tax increases. Sorry guys, I'm just not buying this as overly hostile. Business has had it pretty damn good for the first three years with relaxed EPA regulations and tax incentives.
2011 Jobs Bill
- Thread starter Necronic
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GasBandit
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Part of Obama's campaigning was that he looked forward to driving coal-based energy out of business (despite the fact that we have no viable alternative). Health care "reform" and financial "reform" were nothing of the sort - rather they were legislated government intrusion that addressed none of the underlying problems and added levels upon levels of bureaucratic burden to doing business in the US. We placed a moratorium on drilling in the gulf after the BP oil spill, yet loaned one billion dollars to PEMEX (mexican government-owned oil) to help it drill in the gulf, some of which is taking place just over the horizon from american island possessions. Relaxed EPA regulations? Tightening EPA regulations are making even a democrat senator squeal (granted, he's from WVA, which I'm sure a certain forumite is going to jump in here and reiterate that West Virginian politics is "owned by big coal") that they're costing jobs.
The fact of the matter is that "progressive" policy is hostile to business (capitalist) policy. And small businesses (the "backbone" of the US economy) are hurt much more than the "super multinational" companies because they don't have the economies of scale to weather the assault.
GasBandit
Staff member
Government policy hostile to business is sure to push more "american" businesses to become multi-nationals. For good and ill, the borders to business are falling. If we want to maintain our economic edge, we have to give business an incentive to be here instead of where they can get labor for pennies on the dollar, not punish them for the privilege of paying their workers exponentially more.
That problem will fix itself over the next 20- 50 years, I promise you. Oil isn't going to last forever, and as the major oil nations production diminishes you'll see a whole lot more locally made goods. Of course, the cost of food will skyrocket and the population will need to decrease, but hey, globalization will no longer be the problem it is today.
GasBandit
Staff member
Sounds like the underlying impetus for the next world war.
It's pretty much why I've just about given up on arguing about politics. The more I examine the issues, the more they become moot. Once you accept that oil production is on the decline and our fuel sources will become scarce, things like global warming (terrible name for a complex issue) become incredibly silly.
We'll never see a boom like we did during the industrial revolution, at least not while we depend on oil to do it.
GasBandit
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