The people aren't spending because they're jobs aren't safe, they're houses aren't safe. With so many out of work and or in foreclosure the people with jobs need to squirrel away money in case this recession takes another spiral down and even safe jobs go away = lack of consumer confidence
-----Original Message----- From: Sam [mailto:sammyc...@gmail.com] Sent: Thursday, September 02, 2010 4:23 PM To: cf-community Subject: Re: Coporate profits higher than ever before in the wake of the financial crisis I guess it is rocket science to some. Companies are saving their money because they're afraid of this admin will destroy them. With the corporate taxes, cap-n-trade, mandatory health taxes, 1099 for everyone just to name a few they are not going to gamble the rainy day funds in this hostile for business climate. They might need it in a few months or years, if Obama does get a second term than they will definitely need it then. The people aren't spending because they're jobs aren't safe, they're houses aren't safe. With so many out of work and or in foreclosure the people with jobs need to squirrel away money in case this recession takes another spiral down and even safe jobs go away. The only way to fix this is to change the policy. It really is that simple. On Thu, Sep 2, 2010 at 3:45 PM, Jacob <ja...@excaliburfilms.com> wrote: > > Consumer confidence is the key to this recovery and right now, there > is not very much. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326772 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
