Quote Originally Posted by nynco View Post
FDR knew that the only way to get people to buy more crap was to make sure they had a job. Any job.... Obamas biggest mistake is doing nothing more than Reaganomics and becoming Bushes 3rd term.

Let me put this real simple..... you own a business. You pay taxes. You get a taxbreak that is supposed to in theory mean you will hire more people. But you don't have any customers or even more customers or demand for your products in fact business is slow. Do you take your taxbreak and hire another worker to sit on his ass...... or do you take that money and pocket it? Perhaps you buy a new yacht. That might stimulate demand a little. But perhaps you just save it and do nothing with it. Regardless you would never hire any more people than what you needed for the given demand for your product. You would not stay in business long that way.
Obama is not doing what Reagan or Bush would have done- he's spending more money, claiming that by spending more money and furthering our debt we'll fix our economic woes... wrong. He may start to realize how wrong this plan was, but the reinvestment isn't really working if construction companies are hiring illegal workers and not paying taxes, or the workers send their wages back to Mexico.
In terms of business, the company I work at is family owned, we are comprised of 3 people, we don't have plans to hire anyone new and we have an increasing customer base, and thus if we get a tax break we'll use it to increase our profit by boosting advertising or some other form of growth. We have never hired more people than what we needed given the demand, and guess what, our company has been in business successfully since 1950... so I think we're doing just fine.