> meanwhile, my own experience watching the company I work for is that, when
> they couldn't sell the company to protect themselves from the tax burden
> they assumed Obama was going to bring on them, the just engaged in
> anticipatory layoffs to maintain their profits.
This is not my experience. Your's is consistent with what the right-media is saying: Corporations are sitting on their cash and cutting costs because they fear the socialist Obama is going to regulate and tax them!
Granted I am not sitting in on Executive meetings, but our business, which is consumer goods and construction material, is in cost-reduction mode because demand has vanished. We were - quite literally - tied to the housing bubble.
I wonder if this is a medium vs. large Corporation thing? Our Market Cap is ~$2B and while there is a strong right-wing bias amongst the workers due to where we are located, management is non-partisan as you might expect: equal donations to both major parties, only discussing legislation when it is directly relevant to us (e.g. Asbestos-limiting liability laws).
Matt
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