On Tue, Jul 13, 2010 at 5:45 PM, Matt <lbo4 at beyondzero.net> wrote:
> On Fri, Jul 09, 2010 at 07:36:40PM -0400, shag carpet bomb wrote:
>
> > 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
>
> --