Get Your Blog Up

“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Monday, July 26, 2004

Corporate welfare bad

President Bush keeps saying that raising taxes on the wealthy will slow corporate growth and cause job creation to slow even more. Guess no one told these guys:
"Democrats have been more concerned with employment than with inflation, more interested in promoting growth. Growth is always good for stocks," said Tony Loviscek, an associate finance professor at Seton Hall University in New Jersey.

Because Democrats are less likely to propose tax breaks for corporations, "companies have to work much harder for their profits," said Walter Schubert, chair of the finance department at LaSalle University in Philadelphia. "When that happens, believe it or not, they do better."