Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Thursday, April 5, 2018

Attacks on Amazon Threaten Middle Class Wallets

President Trump has recently turned his attention from the NFL and North Korea to launch a sustained attack on Amazon.com. The assault on the online retailer is based on faulty assumptions by the president and risks angering a large swath of voters.

In a series of tweets, president has claimed that Amazon unfairly avoids paying sales taxes and benefits from low Post Office rates for delivering their products at the expense of taxpayers. The attacks have driven down Amazon's stock price and the value of NASDAQ as a whole.

Fox News' Shepherd Smith pointed out that the president's claim that “The Post Office is losing billions of dollars, and the taxpayers are paying for that money because it delivers packages for Amazon at a very below cost” is blatantly false.

“The Postal Service's own numbers show it makes money by delivering packages for Amazon and other companies,” Smith said. “As for taxpayers, the Post Office's own website points out, and I quote, 'The Postal Service receives no tax dollars for operating expenses.'”

President Trump also claimed that the Post Office “loses $1.47 on every package” it delivers for Amazon. Smith noted that the figure came from a Citigroup study that found that the Postal Service was charging “$1.46 below market rates for package delivery,” but not necessarily that it was losing the money.

Like other bulk shippers, Amazon negotiates shipping rates with the Post Office, but the Post Office is required to cover its costs. “By law our competitive package products, including those that we deliver for Amazon, must cover their costs,” an August 2017 USPS press release cited by Politifact said. “Our regulator, the Postal Regulatory Commission (PRC), looks carefully at this question every year and has determined that they do. The PRC has also noted that competitive products help fund the infrastructure of the Postal Service.”

Politifact also pointed out that package delivery is one of the few growth areas in the Post Office business. First-class mail delivery has declined with the growing popularity of email, but parcel delivery accounted for 28 percent of Post Office revenue in 2017, the largest revenue increase of any sector at $2.1 billion.

The president was also wrong about Amazon's avoidance of sales taxes. Sales taxes are a state and local matter and not all states collect sales taxes on internet purchases. CNN notes that internet retailers are not required to collect sales taxes in states where they do not have a physical presence, but Amazon announced last year that it would begin collecting sales taxes in every state. The company also pays property taxes on a network of distribution centers as well both property and sales taxes for its Whole Foods division.

In addition to being wrong on the facts, President Trump's attack on Amazon is not politically smart. As of September 2017, Amazon Prime had about 90 million subscribers. In other words, more than one in four Americans pays for Amazon's preferred shopping and shipping plan. There are more than 304 million active Amazon accounts, equivalent to more than nine in 10 Americans. When the president attacks Amazon, he is indirectly attacking American consumers in the same way that President Obama attacked blue collar Americans when he attacked Walmart.

Attacks on Amazon also hurt the entire stock market and a large number of 401(k) plans. CNN reports that Amazon is the fourth largest stock on the S&P 500 and is the 10th most widely held stock by large financial institutions. Amazon stock has lost about 12 percent of its value within the last month as the president has hinted at the possibility of federal action to punish the company. The decline in value has helped to drive the market into an overall decline and is being felt across the nation in shrinking 401(k) balances.

Along with his tariff threats, Trump's war of words against Amazon also contributes to uncertainty about government policy of the sort that hampered the economy under President Obama. Businesses thrive in an environment where the rule of law is in place and it is easy to know what is expected. In such cases, planning for the future is simple. Under Obama and Trump, the business environment is uncertain and the possibility of a trade war could drastically increase costs and hurt sales. Companies cannot be sure that they won't be the next target of Trump's tweets with their associated publicity problems and the threat of new federal regulations and cost increases.

President Trump's attack on Amazon is another wrongheaded assault on free markets. The president has the underlying facts wrong and his antics are hurting American investors and may ultimately end up forcing consumers to pay more for the same products and shipping. The president's tax reform was a boon to the economy, but his anti-business actions threaten to undermine its success.

Originally published on The Resurgent

Friday, September 30, 2016

Is Trump really better than Hillary?

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As we wind down to the final weeks before the election, a large percentage of voters remain undecided on whether to vote for Donald Trump or Hillary Clinton or someone else. Unlike previous elections, many undecided voters are educated, savvy conservatives who have not committed to Donald Trump, a Wall Street Journal analysis reported. Like me, many of these voters are repelled by both candidates.

Donald Trump may not be perfect, the argument goes, he may say silly and offensive things, but he’s still better than Hillary Clinton. It’s true that the one thing that Donald Trump has going for him is that he isn’t Hillary, but that doesn’t mean that he is necessarily better than Hillary. As we learned from Barack Obama in 2008, “change” doesn’t always mean “better.” Let’s look closer at Mr. Trump to find out whether he truly is the lesser evil.

My problems with Trump can be boiled down to three areas: character, policy and judgment. It isn’t just that Trump says silly and insulting things. He seems to be a genuinely bad and untrustworthy person.  On many levels, his character flaws are astonishingly similar to those of Hillary Clinton. His ideas are as flawed and half-formed as his character, often seemingly thrown out on a whim, only to be retracted or disavowed later. Likewise, Trump’s judgment is quick, brash and often wrong.

Uncharacteristically bad

The most obvious character flaw of both candidates is their propensity for lying. Their relationships with the truth are so nebulous that they both lie about small, stupid, easily disprovable things. They lie even when they don’t have to. The Daily Wire compiled a list of 101 of Trump’s lies, hardly all inclusive, and, after analyzing his speeches, found that, on average, he lied every five minutes. In 2015, after half a year in politics, Politifact gave Trump the “Lie of the Year” award, not for one specific fib as it did for President Obama, but for lifetime achievement. The sheer volume of Trump falsehoods floods the zone of anyone trying to keep him honest.

Trump’s fundamental untrustworthiness is underscored by corruption that also rivals that of the Clintons. The most famous instance of Trump’s corruption is the Trump University case where Trump stands accused of being a literal con man who bilked novice real estate investors out of tens of thousands of dollars of their hard-earned money. That is not the full extent of his corruption, however.

Trump has a long history of using eminent domain, the government seizure of private property, to take homes from the poor to build or expand his luxury properties. In one famous case, Trump tried to use eminent domain to bulldoze the home of Vera Coking, an elderly widow, in order to build a parking lot for his Trump Plaza hotel and casino in Atlantic City. Trump lost that case in court.

The Trump Plaza was one of several Trump casinos that went bankrupt in the early 1990s, leaving investors and creditors on the hook for most of the losses. Trump’s casinos were funded with debt that left them unprofitable when most casinos were thriving. Trump also left a trail of unpaid bills from contractors and employees in his wake, according to an investigation by USA Today. Among the people he allegedly stiffed were bartenders, waiters and other hourly employees who sued Trump – and won –  for unpaid wages.

In 1973, Trump and his father were named as defendants in a suit by the federal government for violations of the Fair Housing Act. The charge was segregating the company’s rental buildings by refusing to rent to minorities like Maxine Brown, a 33-year-old black nurse. A New York Times investigation found a long list of racial complaints against Trump Management on file at the New York Commission on Human Rights. The Trumps settled and agreed to desegregate their buildings in 1973.

In spite of having illegal immigration as a signature issue, Trump also has a long record of violating immigration law at his companies. In the 1980s, Trump used illegal Polish immigrants on construction projects. Several former models have also accused Trump of exploiting them and hiring them to work without U.S. work visas. The women say that Trump Model Management taught them how to circumvent U.S. immigration and labor laws. As recently as last year, many Hispanic workers on at least one Trump construction project were reported to be illegal aliens.

Trump also has a corrupt foundation to compete with the corrupt Clinton Foundation. In a serious scandal that is just emerging, the Donald J. Trump Foundation made an illegal payment of $25,000 to Florida attorney general Pam Bondi a few days before she decided not to pursue a case against Trump University. Shortly after the decision, Trump held another fundraiser for Bondi at his Mar-a-Lago mansion. The Trump Foundation also gave $100,000 to a group that sued the New York attorney general who sued Trump over Trump University.

Numerous reports indicate that Trump has invested little in his charity foundation yet has profited handsomely from it. The Washington Post found that Trump used the Trump Foundation’s charitable funds as his own piggybank. Trump used charity funds to settle a legal dispute with the city of Palm Beach, Florida. The agreement had stipulated that Trump’s Mar-a-Lago Club would pay for the settlement. Trump also used charity funds, which were almost entirely donated by others, to buy portraits of himself and advertise his hotels.

If that were not enough, Trump is accused of having ties to the mafia resulting from his use of mob-owned firms in construction projects and his days as an Atlantic City casino operator. Trump also took $150,000 from a September 11 fund earmarked to help small businesses recover from the attack. Trump said that the payment was for helping victims of the attack, but the New York Daily News found that the funds were issued for “rent loss,” “cleanup” and “repair.”

Trump and Hillary both share a lack of character that is disturbing to see in a possible president. Further, the scale of corruption is not an indication of who is more corrupt. As Jesus said, “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much” (Luke 16:10). One bit of corruption makes a person completely corrupt.

Left of center

Even if Trump’s character is just as bad as Hillary’s, who has no shortage of corruption and incompetence charges herself, it might still be tempting to vote for Trump if he could be trusted, under close supervision, to enact a broad agenda of conservative reform. What does Trump stand for?

Several issues stand out where most reluctant Trump supporters say he is preferable to Hillary Clinton. Unlike Hillary, they say, Trump won’t threaten the Second Amendment or raise taxes. He’s better on religious liberty and abortion, they argue. Is he?

On many issues Trump is incoherent and the Second Amendment is no exception. CNN chronicles his “evolution” on gun control. Prior to running for president, Trump supported assault weapons bans and waiting periods. Even today, Trump takes the Democrat position that people on TSA watch lists should be banned from buying guns. In contrast, Hillary supports expanding background checks and reinstating the same assault weapons ban that Trump supported before he ran for president.

On taxes, the Trump campaign has advanced a plan that would cut income taxes, but at the same time he has left open the possibility of another tax increase, saying last May,” “I am willing to pay more, and you know what, the wealthy are willing to pay more.” Trump has refused to reveal exactly how much he does pay in taxes. In August, he revised his tax plan with higher rates than he had proposed in the primary. Clinton has proposed a bevy of tax hikes that would fall primarily on wealthy Americans and businesses.

Often not discussed as taxes are Trump’s tariffs, huge tax increases on trade. Trump bragged that his views on trade were “very similar” to those of Bernie Sanders. Trump’s massive tariffs on trade with Mexico, China and Japan and the possible destruction of NAFTA, one of the most successful trade agreements in history, would be devastating. Trump’s trade policy would make items more expensive for American consumers and businesses. One study found that Trump’s tariffs would cost Americans more than $11,000 per year. This is much more than they would save from income tax rate cuts. The Wall Street Journal, the most conservative paper in the country, found that Trump’s trade policy would likely start a trade war and fuel a recession that could cost 5 million jobs.

On religious liberty, Trump was the sole Republican of the final four not to pledge to sign the First Amendment Defense Act (FADA) to protect gay marriage dissidents from federal action. Trump was critical of Kentucky county clerk, Kim Davis, for her faith-based refusal to issue same-sex marriage licenses. When asked about protections for Christian businesses in a meeting with evangelical leaders, Donald Wildman said, “Either he doesn’t understand it or he doesn’t agree with us and he doesn’t want to tell us that.” Trump’s main focus in the battle for religious liberty seems to be allowing churches to endorse candidates without losing their tax-exempt status.

On the subject of abortion, Trump is particularly incoherent. As late as March, Trump was praising abortion provider Planned Parenthood and was the sole Republican to resist cutting funding for the group. Trump may have set a personal best for flip-flops when he took five different positions on abortion in three days. Most recently, two months before Election Day Trump reinvented himself as a staunch abortion opponent.

The flip-flops and liberal positions don’t stop there. Trump said that he wants to repeal Obamacare. The hitch is that he has said he wants to replace it with government-funded, universal healthcare.

On spending and the debt, Trump said just last month that “this is a time to borrow.” Trump would use those borrowed funds on an infrastructure stimulus spending package that is twice as big as the one that Hillary proposes. Entitlements are the largest driver of deficit spending, yet Trump refuses to consider entitlement reform.

For those who would like to see pro-business regulatory reform, Trump does not look promising. He has advocated more banking regulation by reviving the New Deal-era Glass-Steagall Act, which prohibited banks from diversifying into insurance. He also unveiled a plan to require businesses to offer paid maternity leave, a tax-and-spend plan to be paid for through state unemployment taxes.

On the economy, Trump did a full flip-flop with a half twist when he suddenly decided to back another progressive position and call for an increase to the minimum wage. Trump advocates an increase in the federal minimum wage to $10 per hour. In the past, he has advocated a minimum wage as high as $15 per hour while also arguing that “wages are too high.”

Trump dislikes other treaties in addition to NAFTA. He has threatened to reconsider American defense alliances with both NATO countries and South Korea. In spite of Trump’s criticism of Obama’s not-a-treaty with Iran, he has no plans to scrap the nuclear deal. When it comes to fighting ISIS, Trump’s call for attacks with aircraft and drones and the establishment of a coalition are essentially the same strategy that President Obama has employed.

What makes Trump especially dangerous…

Trump is a liar and a man of poor character. He also does not exhibit core principles and tends to default to leftist positions. So does Hillary. But wait, as they might say in a Trump University infomercial, there’s more! Donald Trump displays several difficulties that are so uniquely bad that they should disqualify him from the presidency, even if the only other alternative is Hillary Clinton. Many of these problems stem from Trump’s poor judgment.

When most people think of Trump’s lack of judgment, they think of things like how he mocked a disabled reporter or set about with the character assassination of the parents of a fallen American soldier. In reality, his errors in judgment go far beyond such trivialities to attacks on civil liberties and statements that would be matters of war and peace if he were president.

In statements reminiscent of Barack Obama, Trump threatened Washington Post and Amazon owner Jeff Bezos with an antitrust investigation after the Post assigned 20 reporters to investigate The Donald. Trump also has said that he wants to “open up” libel laws to make it easier to sue the press.

Those who dislike President Obama’s abuse of his executive authority to bypass Congress, should expect more of the same from Donald Trump. Trump has said that Obama “led the way” on Executive Orders and that he is “going to do a lot of things” with executive actions.

Trump’s embrace of conspiracy theories also sets him apart from other politicians. Trump has advocated theories ranging from birtherism to 9/11 trutherism to the bizarre claim that Ted Cruz’s father was involved in the Kennedy assassination. Trump is either very gullible or cynically exploits believers in conspiracy theories for publicity. Perhaps both.

It may be Trump’s poor judgment that garnered his endorsement from ISIS. Yes, the terrorist group ISIS has expressed support for Trump according to multiple sources cited in “Time.” One ISIS supporter said, “The ‘facilitation’ of Trump’s arrival in the White House must be a priority for jihadists at any cost!!!” [emphasis his]. “I ask Allah to deliver America to Trump,” wrote another.


From the Middle East to Mexico, where Trump refused to rule out the possibility of going to war over payment for his wall, Trump’s errors of judgment are the product of willful ignorance and a bully mentality. Interestingly, the bully backed down when he actually met Mexican President Nieto face-to-face, only to launch a salvo of bombast when he was safely back across the border in Arizona.

The final two problems between Trump ‘s judgment are egregious. Either one should disqualify a candidate even without the consideration of any other issue.

First, Trump’s affinity for Vladimir Putin is naïve and dangerous. Trump’s admiration for Putin is seen in his campaign staffing and may have impacted his proposed foreign policy on Ukraine. Trump has surrounded himself with pro-Putin advisors such as Paul Manafort, Carter Page and Michael Flynn. There is strong evidence that the Russians are trying to influence the election on behalf of Trump. Donald Trump has an obvious blind spot when dealing with Vladimir Putin and Russia that could be dangerous. In fact, Trump’s affinity for Putin is already making the precarious situation in the Ukraine worse.

In the first presidential debate, Trump became the first person to ever seriously suggest that Iran could be used to rein in North Korea. Trump was apparently not aware that the two rogue nations have long cooperated on their missile and nuclear programs.

Finally, there is the fact that Trump has openly advocated political violence on numerous occasions. In my near-half century, I cannot remember a single candidate who has encouraged his supporters to “rough up” political opponents as Trump did. Trump also made a veiled threat that there would be “riots” if Republicans contested his nomination at the convention. Violence has been mostly absent from American politics since the 1968 riots at the Democratic convention in Chicago. Until Trump. For that reason alone, he cannot be trusted with power.

Donald Trump and Hillary Clinton are both poor choices. They are both progressive. They are both liars. They are both corrupt. The both have poor judgment. They would both be destructive for America.


Originally published on The Resurgent

Friday, August 19, 2011

Obama’s attacks on corporate jets cost jobs

srqDPApbiMGW 026One of President Obama’s frequent talking points is about the wastefulness and elitism of corporate jets. In a June 2011 news conference, CNS News quotes the president as saying, “I’ve said to some of the Republican leaders, you go talk to your constituents, the Republican constituents, and ask them are they willing to compromise their kids’ safety so that some corporate jet owner continues to get a tax break.”

In contrast to the president’s statements, corporate jets are a valuable business tool. Many factories and business deals are found in far flung areas of the country that are not served by airlines or, after years of airline downsizing and bankruptcies, have only very limited service. While it is easy to find direct flights from Atlanta to every major metropolitan area in the country, smaller cities are primarily served by regional airlines and require layovers and connecting flights which add significantly to the length of the trip. This also increases the chance of delays and canceled flights.

Parking, security screening, checking and waiting for bags, and finding transportation all add to the nonproductive time when traveling through major commercial airports. It can take a traveler over an hour to get out of Atlanta’s Hartsfield-Jackson International Airport and the airlines typically advise travelers to arrive at least two hours early.

With the current federal debt crisis, Congress is also considering cuts to the essential air service program. Under this program, the federal government subsidizes flights to small cities that would otherwise be unprofitable to airlines. If airline service to these smaller cities is dropped, it would mean that business travelers would have to fly to the nearest city served by an airline, then rent a car to continue their journey. This would mean a dramatic increase in the time required to make the trip. In the case of deliveries of parts and tools needed to keep a factory running, it might mean that the plant would be shut down for days until the shipment could arrive by ground.

Corporate aviation is a commercial lifeline to many small communities around the country. Hartwell and Elberton, both in northeast Georgia, recently became the sites for new plants for SD Automotive Group and Moeller Tech Plastics respectively. These towns are over two hours from the nearest commercial airport, but they are served by Elberton’s general aviation airport with a 4,000 foot runway. Tifton is home to a new American Textile Company plant. The South Georgia city is an hour drive from Albany, which has only three airline flights each day, or a three hour drive to Atlanta’s international airport. Tifton has its own general aviation airport, however, with a 5,500 foot runway that is suitable for even larger corporate jets. These are examples of plants that might locate in urban areas, adding to urban congestion and rural unemployment, if small airports and corporate jets were not available. Time is money.

Georgia is also home to Gulfstream Aerospace, a manufacturer of high-end business jets that is located in Savannah. When sales of business jets plummeted after Barack Obama became president and criticized auto executives for using their company airplanes, Gulfstream, like many other aircraft builders, was forced to lay off thousands of workers.

Georgia’s fixed-base-operators are more affected by the downturn in aviation. Fixed-base-operators (FBOs) are private air terminals that service corporate jets and other general aviation airplanes. When corporate jets don’t fly, these companies, such as the three FBOs at DeKalb-Peachtree airport in Atlanta, lose hundreds of thousands of dollars in revenue from fuel sales and maintenance. When FBOs don’t make money, it inevitably leads to the layoff of workers.

The effect trickles throughout local economies when corporate jets do not fly. When fewer passengers and pilots fly into a community, local businesses suffer as well. There are fewer guests at local hotels and fewer diners at local restaurants. Since the old saw about more business being conducted on the golf course than in a boardroom is still true, local golf clubs would also feel a pinch.

President Obama is offers a false choice between tax breaks for the rich and safety for children. The real choice is between allowing companies to use airplanes as a legitimate and valuable business tool or stigmatizing corporate jets that bring jobs to Georgia.

 

Photo credit:  David W. Thornton

Read this article on Examiner.com

http://www.examiner.com/conservative-in-atlanta/obama-s-attacks-on-corporate-jets-hurt-georgia-businesses

Saturday, July 17, 2010

Obama's war on jobs




It is much easier for the government to screw up the economy than to fix it. This is a fact that that President Obama is probably coming to appreciate as he reaches the close of his second year in office. Although Obama almost certainly means well, the effects of his policies are what count. Overall the effect is similar to what would happen if President Obama had declared war on the national economy.

The financial reform legislation passed this week is only the most recent anti-business legislation passed by the Obama Administration. The new law guarantees future bailouts by giving the government the right to seize businesses to prevent their collapse. It also establishes new layers of federal bureaucracy to create new rules for banks and financial companies (with the notable exception of auto finance companies). The new law adds costs of compliance to business and makes credit harder to obtain in the midst of credit crisis while simultaneously failing to address the problem of Fannie Mae and Freddie Mac, the quasi-government entities widely credited as being a root cause of the sub-prime mortgage crisis.

The war on jobs began shortly after Obama took office with the passage of the stimulus package. Obama claimed that the passage of the American Recovery and Reinvestment Act would keep unemployment below 8% (http://www.time.com/time/business/article/0,8599,1910208,00.html). In reality the spending package spurred unemployment to continue rising to the 10% range, where it remains today. In Georgia, the unemployment rate has been even higher than the national average at over 10% (http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST13000003).

The number of jobs created by the stimulus is disputed, but the fact is that when stimulus funds run out, so do the stimulus jobs. Jobs created by the $787 billion stimulus reportedly cost an average of $117,933 per job to create (http://knowledge.wpcarey.asu.edu/article.cfm?articleid=1857) while not creating a lasting boon to the economy.

The second assault on the economy was in the form of government interference in the auto industry. The Obama Administration pumped billions of dollars into General Motors and Chrysler in an unsuccessful attempt to prevent the companies from restructuring in bankruptcy. During this process, Obama not only interfered with the control of private companies, he also short-circuited the bankruptcy process and contract law. Obama’s bailout deal placed unions above secured creditors of the companies (http://www.cbsnews.com/stories/2009/05/07/politics/otherpeoplesmoney/main4997900.shtml, http://online.wsj.com/article/SB124109550079373043.html). Ultimately, the Obama Administration even forced the CEOs of both companies out and gained the right to appoint members to the boards (http://www.worldcarfans.com/109050119091/chrysler-bankruptcy-announced-by-obama---ceo-nardelli-to-step-down, http://www.washingtonpost.com/wp-dyn/content/article/2009/03/31/AR2009033101521.html). When the US government arbitrarily usurps contract law, it makes businesses less likely to engage in contracts that they are not sure will be honored. This ultimately costs jobs.

The third assault against the job market was the passage of Obamacare. Like the new finance reform law, Obamacare requires many new costly reports, including the new requirement that businesses issue a 1099 to every business or individual from whom they purchase more than $600 in goods or services (http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/index.htm). Additionally, Obamacare is already health care more expensive to businesses (http://www.businessinsider.com/henry-blodget-obamacare-already-jacking-up-health-insurance-costs-for-businesses-2010-3). As a result, businesses are cutting benefits to workers and hiring as few new employees as possible. Some companies are also considering additional layoffs to cut the new costs.

The next attack on jobs will likely come soon. It could be an attempt to ram through the carbon cap-and-trade tax bill that will dramatically increase energy costs. Hopefully, there will not be time to pass this bill before the election.

More likely, it will come in the form of the expiration of President Bush’s tax cuts. These across-the-board tax cuts that affected all Americans are set to expire at the end of 2010 unless Congress acts. If the cuts expire and taxes increase, it might suck as much as a $1 trillion from an economy that is struggling to recover. In spite of the fact that Democrats usually refer to them as “Bush’s tax cuts for the wealthiest Americans,” taxes were cut for all American and if they expire everyone’s taxes will increase (http://www.smartmoney.com/personal-finance/taxes/how-the-expiring-bush-tax-cuts-affect-you/). There will be less money for consumers to spend and less money for businesses to hire new employees.

One possible cause of these anti-business and anti-job policies is that President Obama doesn’t have a single person in his administration that has ever run a business (http://www.weeklystandard.com/Content/Public/Articles/000/000/016/619dvjlm.asp). They don’t know that their ideas are hurting the job market because they have never run a business. Obama appointees come almost exclusively from government and academic circles. They don’t understand free markets and have no idea what they are doing. The uncertainty derived from sweeping anti-business reforms certainly has a chilling effect on the economy as business owners hunker down to see what will happen next.

Sources:
http://www.time.com/time/business/article/0,8599,1910208,00.html
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST13000003
http://knowledge.wpcarey.asu.edu/article.cfm?articleid=1857
http://www.cbsnews.com/stories/2009/05/07/politics/otherpeoplesmoney/main4997900.shtml
http://online.wsj.com/article/SB124109550079373043.html
http://www.worldcarfans.com/109050119091/chrysler-bankruptcy-announced-by-obama---ceo-nardelli-to-step-down
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/31/AR2009033101521.html
http://money.cnn.com/2010/07/09/smallbusiness/irs_1099_flood/index.htm
http://www.businessinsider.com/henry-blodget-obamacare-already-jacking-up-health-insurance-costs-for-businesses-2010-3
http://www.smartmoney.com/personal-finance/taxes/how-the-expiring-bush-tax-cuts-affect-you/
http://www.weeklystandard.com/Content/Public/Articles/000/000/016/619dvjlm.asp

July 17, 2010
Bedford, MA



Photo credit:
graur razvan ionut
http://www.freedigitalphotos.net/images/view_photog.php?photogid=987