Traders, planners must wait for the presidential election to receive the stuff of a major spark for the economy.
The latest plan puts another $200 bln into new spending - unemployment benefits, infrastructure, aid to local and state gov’t. That $200 is tossed into the outhouse; it will do nothing (our prediction ahead of the last boondoggle).
The $250bln of temporary payroll taxes are just that - temporary. Employers see only a piano overhead for 2013 so will do nothing.
Once Washington sets out to reduce taxes permanently and rescind pregnant regulations, and then pledges to get out of the way, we will take off like a rocket.
Robert Craven
The latest plan puts another $200 bln into new spending - unemployment benefits, infrastructure, aid to local and state gov’t. That $200 is tossed into the outhouse; it will do nothing (our prediction ahead of the last boondoggle).
The $250bln of temporary payroll taxes are just that - temporary. Employers see only a piano overhead for 2013 so will do nothing.
Once Washington sets out to reduce taxes permanently and rescind pregnant regulations, and then pledges to get out of the way, we will take off like a rocket.
Robert Craven
No comments:
Post a Comment