Pity the Poor C.E.O.’s

[elleng]

Job creation has been disappointing, but first-quarter corporate profits were up 44 percent from a year earlier. Consumers are nervous, but the Dow, which was below 8,000 on the day President Obama was inaugurated, is now over 10,000. In a rational universe, American business would be very happy with Mr. Obama.

But no. All the buzz lately is that the Obama administration is “antibusiness.” And there are widespread claims that fears about taxes, regulation and budget deficits are holding down business spending and blocking economic recovery.

How much truth is there to these claims? None.

http://www.nytimes.com/2010/07/09/opinion/09krugman.html?_r=1&ref=opinion

[Lost4words]

1. They understand, they (the elite) are the only ones with cash.

phony wars need cash lots and lots of cash, who has lots of cash in the USA only the power elite and corporations, sooner or later they have to pay up because the working class have lost their jobs, you know the folks that previously payed the bulk of US taxes.

They have painted themselves into a corner on this one. Their solution is to end entitlements, the day I start living under a bridge is the day I'll start hunting CEOs for food.

[elleng]

2. Correct, but the logic somehow rarely gets out.

[Lost4words]

3. agreed,....

[LoKnLoD]

4. They will be protected by private armies by that time

...if not already.