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The economy, in short, is drowning out the political conversation surrounding Romney's private equity career, at least on the national level. Romney's years at Bain Capital made 14 percent of voters more likely to vote for him and 23 percent less likely to vote for him. A fuller 60 percent of voters said it didn't matter. Romney's wealth made 5 percent of voters more likely to vote for him, 20 percent of voters less likely to vote for him, and didn't matter to 73 percent.
I'm not posting this because it shows the race as a dead heat in July. Early polls are nice and all, but they don't certify anything. I post this because we've recently seen a massive salvo against Romneys Bain record, and his taxes, and it ends up that few people genuinely cared. Why? Cuz it's the economy stupid.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Obama doesn't think small businesspersons aren't responsible for any success they have.
How come, if the goverment has absolutely no responsibility for a small businessperson's success, you feel they have total responsibility for their failure?
How come, if the goverment has absolutely no responsibility for a small businessperson's success, you feel they have total responsibility for their failure?
Great question, government imposes regulations that makes it very difficult for small businessperson to hire employees and conduct business of course this applies to local & state government as well as the Feds. Then there are taxes and in many cases the requirement to collect taxes for the state and all the associated paperwork involved that detracts for the core competency of the business.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Great question, government imposes regulations that makes it very difficult for small businessperson to hire employees and conduct business of course this applies to local & state government as well as the Feds. Then there are taxes and in many cases the requirement to collect taxes for the state and all the associated paperwork involved that detracts for the core competency of the business.
Great question, government imposes regulations that makes it very difficult for small businessperson to hire employees and conduct business of course this applies to local & state government as well as the Feds. Then there are taxes and in many cases the requirement to collect taxes for the state and all the associated paperwork involved that detracts for the core competency of the business.
Actually, there is little-to-no evidence that regulations negatively affect employment. If you think you have such evidence, please provide it.
Also, if you think taxes negatively affect business operations, how come the economy didn't react as such after the Bush tax cuts, and didn't deflate after the 1993 tax hikes?
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Actually, there is little-to-no evidence that regulations negatively affect employment. If you think you have such evidence, please provide it.
Also, if you think taxes negatively affect business operations, how come the economy didn't react as such after the Bush tax cuts, and didn't deflate after the 1993 tax hikes?
17% under/unemployment as per Gallup, how many more examples do you need?
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
17% under/unemployment as per Gallup, how many more examples do you need?
Do you really not understand the difference between correlation and causation? Is that really the pathetically low baseline we're working off here?
You made a claim. You ought to be able to substantiate it. Right now I could just as convincingly argue the Houston Astros have the worst record in baseball due to government regulations.
And of course the desire by Obama to tax the 'rich' that would impact most small businesses.
None of that has happened yet.
What has happened:
Quote:
Americans are paying the smallest share of their income for taxes since 1958, a reflection of tax cuts and a weak economy, a USA TODAY analysis finds.
The total tax burden — for all federal, state and local taxes — dropped to 23.6% of income in the first quarter, according to Bureau of Economic Analysis data.
By contrast, individuals spent roughly 27% of income on taxes in the 1970s, 1980s and the 1990s — a rate that would mean $500 billion of extra taxes annually today, one-third of the estimated $1.5 trillion federal deficit this year.
Obama [has] repeatedly cut taxes for families [making under $240,000 per year,] first through a tax credit in effect for 2009 and 2010, and beginning in 2011, through a reduction in the payroll tax that is worth $1,000 this year to workers earning $50,000 a year. And while it’s true that some tax increases contained in the new health care law would fall on individuals, they have mostly not taken effect yet and are small compared with the cuts the president already enacted.
The average income tax rate under Reagan in 1983 was 11.06 percent. Under Clinton in 1992, it was 9.18 percent. And under Obama in 2010, it was 4.68 percent.
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"It's the economy stupid"
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