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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 01:46 PM
Original message
Is Bush bad for big business?
I know most will answer NO!

But my point is this: the economy is not doing very well, consumer confidence is low and Americans are indebted more than ever. The slightest sign of a downturn will lead to economic chaos. We all saw what happens when central banks hint at changing some of their dollars for Euros.
Now, the budget deficit is huge and most of the expenses are due to the war in Iraq and Afghanistan. Some big companies are greatly benefiting from this, but not all. I'm sure many CEOs realize that the economic environment created by the Bush administration is not conducive to good business.
The majority of Americans are supporting their consumerist habits thanks to the monetary feeding tube that is low interest rates. Were these to double or possibly even triple, well most people would loose their homes, cars and even their businesses.
This would most likely lead to another Great Depression and for Big Business it means loosing large numbers of customers.
Then there is the question of where the media fits in all this. We all know who owns the MSM, it's big corporations who derive their income not only from advertising but also from the sale of goods.
If they start to see signs of grave economic trouble it is my guess that they will turn on Bush and Co very quickly.
And lets not even talk about what pricing crude oil in euros would do to the economy.
I think Big Business will realize the economic potential of rebuilding America after Bush (just like Halliburton's and Bechtel's efforts at reconstruction in Iraq).
Post Bush America is bound to be better for Big Business than now, especially if the following government embarks on Rooseveltian projects in the fields of ecology, renewable energies, education and health care.
This could be the revenge of the companies that have not benefited from Bush being president, over the ones that have.

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noahmijo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:47 PM
Response to Original message
1. For almost 2 years now The Wall Street Journal has had articles
Which have been solid kicks in the ass to Bush most of them covering the entire front page.

A key point I kept making over and over again when arguing against Bush during election time was how even capitalists are disgruntled with Bush because they're not making the profit they used to make anymore.
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 01:54 PM
Response to Reply #1
4. Will the exasperation reach critical mass soon though?
What can Big Business do to get rid of Bush, I have my theories do you have any?
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Selteri Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:50 PM
Response to Original message
2. YES, they just are too busy getting shit at the top
to realize that they've gotten so top heavy now that they cannot sustain themselves and will tumble. GM has already shown that by their having to cut so much to try to pull out a pitiful profit this year.
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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:52 PM
Response to Original message
3. Big business knows....
that a scoundrel president who runs the government into the ditch, will eventually ruin them too.
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 02:21 PM
Response to Reply #3
11. How can we get them to sack the driver before the crash.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:55 PM
Response to Original message
5. Was the Gilded Age Bad for Big Business?
Although railroad tycoons got rich, ordinary people did not have the purchasing power needed for long-term growth. Financial crashes regularly wiped out millions of people. The New Deal put money in the hands of the bottom half of the country. Consumer goods, retail, restaurants, travel, entertainment -- all these would be a fraction of what they are today without the progressive legislation of the early 20th century.

Bush gives each business lobby its wish list. The result is a combination that's no good for anyone.
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johnaries Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:55 PM
Response to Original message
6. The problem with Trickle-Down; Supply Side; Reagonomics
is that it ignores the fact that our Market economy is CONSUMER DRIVEN! Big Business makes it money by selling to consumers. Period! If the consumers can't afford to buy the products, it doesn't matter how many incentives are given to Businesses.

Bush tried to stimulate the economy by stimulating the Stock Market directly, primarily by trying to give potential investors more cash and more incentives to invest. But the Stock Market is not the Economy, it's merely a gauge; a thermometer. Trying to stimulate the Economy by stimulating the Stock Market is like trying to heat your home by holding a match under the thermostat.

If you want to stimulate the economy, put more money in the hands of those who will spend it on the products and services that Businesses sell.

The Average Consumer!
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 02:00 PM
Response to Reply #6
9. That's my point exactly.
Once consumers can't afford the little luxuries of life, the economy is gonna go down the drain. Will Big Business react on time though?

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Doctor_J Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 01:55 PM
Response to Original message
7. For the honest part of it, yes
Anyone with a modicum of sense would realize that unemployment and top-heavy tax relief are bad for business. What he's GOOD for is the criminal element - the embezzlers, polluters, and exploiters. This economic plan has two foci - getting more money into the pockets of the ultra-rich, and from there getting into GOP campaign coffers. As a working economic system for a country of 280 million people, it's a miserable failure. As a way to raise money for the GOP, it's brilliant.
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Biology Donating Member (128 posts) Send PM | Profile | Ignore Sat Apr-02-05 01:59 PM
Response to Original message
8. Absolutely!
Economic growth was incredible under Clinton. As soon as polling made it look like Bush was going to win the presidency, about 6 months before the election, things started going downhill. The tax cuts after the election only enhanced the spiral but bought him votes for another 4 years. More and more corporations are going under these days. What does a financial advisor tell you to do when you're over spending and badly in debt? Cut up your credit cards!
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yorgatron Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 02:00 PM
Response to Original message
10.  you need to reframe what we're talking about.
i would think there's money to be made in alternative energy and recycling.
good luck getting the greedheads to realize that,though.
i spend a lot of my spare time goofing around with old cars.a hobby where there are plenty of Bush voters.
when thing are put in the proper perspective,they usually understand.
you won't find these guys pouring used motor oil into a hole in the backyard anymore,so they must be capable of learning.
we are RECYCLING old cars.
we fix them up and drive them around.
it's fun.
did you know it takes less energy to rebuild an old car than it does to build a new one?
besides which,Oldsmobile is out of business,so there's no chance of me getting a brand new '54 Olds 88 hardtop.
i built the engine myself.i increased the efficiency by raising the compression ratio and installing a hot cam.
i still get 18 mpg on the highway.i'll get more when i gear it properly.
i talk to guys about alternative fuels too.
quite a few of us would run alcohol in our engines,given half a chance.
in drag racing they have a class just FOR alcohol burning cars.
they're FAST!!!
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Nite Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 02:22 PM
Response to Original message
12. Eliot Spitzer spoke to this
not long ago on some thing on cspan. He said that they are bad for business because capitalism depends on certain rules. When companies like Enron and Worldcom go against those rules money is misallocated, investments are misdirected and the companies that are honest and report correctly don't seem to be doing well and lose out. So no he isn't good for business. The market cannot respond correctly and the companies that try to do the right thing do not succeed and we get stuck with the bad ones bringing down the whole ship. They aren't true capitalists because there is no true competition.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 02:25 PM
Response to Original message
13. He Killed My Business, GM is Losing a Billion
and I wouldn't want to have anything to do with an airline these days. Hell Yes, Bush is bad for business. If you can't bribe your way to profit, no amount of hard work will overcome this economy! Oh, to be as successful as J.K.Rowling!
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 02:36 PM
Response to Reply #13
15. You should start writing then
How about a little story about a spoiled daddy's boy who became emperor and destroyed the world.
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tanyev Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 02:34 PM
Response to Original message
14. Bush is bad for big business in the long term;
very, very good for greedy big businessmen in the short term.
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 02:40 PM
Response to Reply #14
16. But not for all of them, and this is the long term.
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mattclearing Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 02:47 PM
Response to Original message
17. Duh.
Bad monetary policy. Bad fiscal policy. Bad trade policy. Bad laissez-faire economic attitude.

It goes without saying that he is letting corporatism run wild on America.

It will backfire, and consumers, employees, and every other stakeholder in America will suffer.
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sat Apr-02-05 04:00 PM
Response to Original message
18. kick
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passy Donating Member (780 posts) Send PM | Profile | Ignore Sun Apr-03-05 01:38 PM
Response to Original message
19. Just a kick for today.
Kind of got drowned by Popish threads yesterday.
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-03-05 01:40 PM
Response to Original message
20. the little bushturd is bad for every breathing organism on Earth
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