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1 TampaKnight  Thu, Aug 4, 2011 2:55:26pm

Agree with everything said. I argue with my fellow conservative friends daily that taxes aren't actually higher currently.

But,

You can't discount the "pending" legislation that Frum basically glosses over. These pending taxes and regulatory changes are by no means small, and I believe it's a reason that so many corporations are collecting cash and being cautious. That's why I argued that even if you fully believed in "Obamacare" 100%, it was the wrong time to pass it.

I read trades and listen to investor conference calls routinely, and every CEO echoes the same sentiment- there is too much future uncertainty to get bullish on investments and capital allocations.

2 God of Binders with Women  Thu, Aug 4, 2011 3:23:25pm

I heard a guy last night (nice guy by the way) griping about Barney Frank and Chris Dodd and the housing Apocalypse. I replied "You're talking about two characters in a cast of thousands." That shut him up.

3 elizajane  Thu, Aug 4, 2011 3:42:00pm

Frum has been on a roll over the past few days. Yesterday -- before the market collapse -- he had a great column on how Paul Krugman may have been right all along. Here he is, paraphrasing Susan Sontag:

"Imagine, if you will, someone who read only the Wall Street Journal editorial page between 2000 and 2011, and someone in the same period who read only the collected columns of Paul Krugman. Which reader would have been better informed about the realities of the current economic crisis? The answer, I think, should give us pause. Can it be that our enemies were right?"

Further posts up on his site now about how the Republicans took a wrong turn on environmental issues, and about how economic commentators are disconnected from actual economists. [Link: www.frumforum.com...]

4 Charleston Chew  Thu, Aug 4, 2011 4:27:53pm

re: #1 TampaKnight


I read trades and listen to investor conference calls routinely, and every CEO echoes the same sentiment- there is too much future uncertainty to get bullish on investments and capital allocations.

Many CEOs also echo the sentiment, "Give me a ton of money and fuck the rest of you." Why would you take the economic analysis of these people seriously?


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