November 13, 2012
Eating Cake and Having It
Yahoo Finance: The Daily Ticker's Aaron Task and Henry Blodget discuss America's standing in the world.
Here are two quotes from the same analyst:
First, in order to address the "increasing inequality" that is causing us to "lose" our middle class:
"We should balance the bottom line with employment and employee salaries and benefit to the community. Reduce profit margins and reinvest in the country - that's what we need to do."
Then, in response to the growing cost of starting a small business and the very low levels of startups:
"What I assume they're looking at is the cost of the red tape and everything else and legislation and so forth; the regulations that go with and if that's the case we've gotta work on paring that down, there's no question."
So what is his plan for diverting more business profit to employees and communities that doesn't rely upon red tape, legislation or regulation?Economics and Markets We're from the government, and here to help. Posted by JohnGalt at November 13, 2012 7:41 PM