Originally posted by Wrabbit2000
I believe what both Bush and Obama have done or allowed to happen that is DIFFERENT and changed things is the regulations passed over the last 10-12
years combining to make Profit very very good (as always) but expansion and building very very bad. THAT is new. No expansion means no new jobs..or
what we've watched happen. They go to nations that LIKE businesses building new things and huge new bases for employment and don't torture them
through years of permits, red tape and court law suits just to open the doors on a new plant or whatever a business does.
I think you hit part of the nail on the head there.
In the past if a company wanted to make more money they had to expand, or invest in another company growing in their field.
Things have changed though, it is now easier for companies to earn subsidies for not working or to only work in a specific aspect of their field.
Lets face it in order to make money through expansion you have risks.
Risk of failure, risk of law suit, risk of workman's comp, risk of government fines, the list goes on.
It is easier and cheaper for corporations to collect government checks for doing nothing.
If they do need to expand they expand in other countries and than due to tax laws keep their profits over seas.
Their stock still goes up domestically though, which earns them more capital.
I know some regulations such as overtime reform are required, but when a union can sue an airplane manufacturer for expanding in another state and
stop the expansion there is just too many regulations.
We need to examine the regulations, throw out the outdated or harmful ones and start fresh.
Vote out every current regulation, and vote in new ones that help business grow and help the economy.
While we are at it make all laws and regulations expire after 10 years that way we don't just keep adding more on top which causes confusion and loop
If a law or reg is good/helpful it can be renewed, if 10 years after it started it turns out it does harm it automatically expires no muss no fuss.