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We may being set up AGAIN by big business greed

Original post made by William Hanley, Menlo Park, on Jan 16, 2009

I am a business man in Menlo park trying to live with integrity- without cheating my country. My corporate 'friends' are firing employees by the thousands so they can show the government they need help. Then they will rehire them using the taxpayers money.

Greed and business bottom line may ruin Obamas good intentions and few truly unemployed may be hired.

Comments (7)

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Posted by real business person
a resident of Midtown
on Jan 16, 2009 at 6:11 pm

I don't believe for one moment you have ever had an employee. Your business friends are firing or not hiring because we know we are in for a long downturn into socialistic policies, which destroy economies. We are trying to position ourselves to survive.

You are seeing a complete lack of confidence in the upcoming administration..for good reason. Even as we stand now, in ouur current crisis, our economy is better than European economies, and even better than European economies when they are doing "well"..Even right now we are better off than in the late 70s..yet our incoming admin is determined to put in place European socialist policies to turn us into Europe/Canada. And then where will the hardworking Europeans, Canadians and Australians go who want to work but can't find it in their own country?

Why do you think we have so many foreign workers here?

Well, enjoy the results you voted for. I hope you tell your children what you are about to learn. Evidently not enough of us taught our kids about the good intentions which paved the road to 11% unemployment and 21% interest rates, gas lines and Tehran hostages back in 1981 or so. Let's hope THIS generation of parents passes on what they learn to their kids so their kids don't repeat ( yet again) the same mistakes.


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Posted by Rob
a resident of Woodside
on Jan 17, 2009 at 9:59 am

Your friends are not firing people to be little babies in front of the governement. They are firing because of a lack of revenue due to idiot bankers giving loans to idiot consumers who thought they could either get rich quick or create long term large gains via real estate. These idiots tanked the market and deserve to get fired. Hopefully these idiots will learn from this, but judging by the cyclical nature of hyped up get rich quick schemes and busts, they won't.

The early 21st century will be looked upon as being the decade of dumb.

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Posted by Business owner now considering lay-offs
a resident of Midtown
on Jan 17, 2009 at 11:21 am

[Post removed due to same poster using multiple names]

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Posted by Jim
a resident of Woodside
on Jan 17, 2009 at 5:54 pm

[Post removed due to same poster using multiple names]

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Posted by Real Business Person
a resident of Midtown
on Jan 18, 2009 at 12:52 pm

ok, sorry, I didn't know we couldn't use multiple names..I was trying to label my post so that when folks saw it before opening the thread they would know what the point was.

So, the "Business Owner Now Considering Lay-Offs" is really by "real business person" and said that I have just found out that BHO has proposed a tax credit for businesses that hire people..the silly thing about this is that it simply increases the incentive for us business owners to lay off a few more than we think we really need to lay off in order to be able get a tax break when we hire them back.

Machiavellian thinking would lead me to think that this is BHO's us as deep into a recession as possible so that once he takes office he can offer "big govt" incentives to increase employment and make goood on his "save or increase by 3 million the number of employed".

On the other hand, I keep thinking he is simply very unwise and young, and doesn't understand the incredible power of his words and the effect when hundreds of thousands of business owners adjust their strategies according to what they think is coming down the line.

Ok, signed with my original name on this thread..

BTW, not complaining about the policy..I think it is a decent one. Would stop people from trying to post as if they are from many differennt people. I should have made it clear I was the same poster, just "labeling" my post for ease of information transfer

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Posted by William Hanley
a resident of Menlo Park
on Jan 21, 2009 at 5:31 pm

Wow. A lot of anger out there. To focus on my original point. Some businesses are firing many employees, then reporting it to the government so our taxes will pay to rehire them.
Got it?

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Posted by Real Business Person
a resident of Midtown
on Jan 21, 2009 at 7:56 pm

Your last point is much better stated. You originally blamed it on "greed" and "businesses setting us up again"..and you miss the point.

The point is that regulation results in behavioral changes. There is nothing you can do to stop it, any more than you can stop girls from having babies from their "greed" to make money at our wallets' expenses.

So, the solution is not to excoriate the "greed", but to change the incentives. Or, at the VERY least have the brains to not tell everyone ahead of time what you are planning to do so they can set themselves up to take advantage of it!

And yes, there is a lot of anger "out there". Those of us who understand how our economy works are building ever more anger as we watch the foxes take over the henhouse and wreak ever more damage to our economy and our chidrens' future tax burden.

Got it?

Sorry, but further commenting on this topic has been closed.

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