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Reply #10: they have a point [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
TheWebHead Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-06-09 12:46 PM
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10. they have a point
this is not the environment to be discouraging capital investment, and money has been flowing ruthlessly out of the markets since the release of the budget. I agree with many of the ideas presented, but now is not the time and when introduced, they should proceed with caution. The last time we had this violent of a drop in October, we saw a huge drop in consumer spending and it triggered a large wave of layoffs. If people think the deck is stacked against them in terms of investment, they'll just park it in friendlier environments or in treasuries. All that makes it harder for companies to fund operations and expansion. You don't see anymore secondary offerings. The IPO market is gone. Takeovers are few and far between. To main street, all that means is no new jobs.
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