Tag Archives: Midterm elections

Tea Party is bad for business

Bloomberg Businessweek has a thoughtful story on the Tea Party movement and what it means to business.


Kentucky+Senate+Paul+04.jpgWhy Business Doesn’t Trust the Tea Party

Tea Party supporters probably won’t like the story, even though Businessweek gives the movement its due for having a major influence on the midterm elections.

Here’s a snippet from the story that should give every business owner pause.

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Was TARP worth the cost? You betcha!

It looks like the cost of avoiding another Great Depression will be about $51 billion — a lot less than originally thought. Turn off the TV, sit in a quiet corner and think about that for a minute.

Wall+Street(2).jpgThe Troubled Asset Relief Program cost taxpayers a lot of money, but it was a cheap price for avoiding bread lines and 25 percent unemployment. It’s a price every taxpayer should be thankful for, but many are too angry to be thankful.

It’s a classic disconnect.

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Lot at stake for business in midterm elections

With Labor Day behind us the stretch run begins for the midterm elections and a lot is at stake for business.

Today, President Obama is expected to propose a $200 billion tax break that would allow businesses to write off 100 percent of new capital investments through 2011.

You know it’s going to be a tough campaign when a Democrat is proposing tax breaks for business.

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