NYT Could Never Run A Business



Opinion Editorial

   Everyting is always big to those on the left when they purposefully want to denigrate someone or something.In the  lead OPED of this mornings New York Times it is no different "Whose Stimulus?" is the title. It begins "Big businesses are telling Washington that they are willing to do their bit for the economy — if the price is right. Multinational companies say they could repatriate hundreds of billions in foreign profits and pump them into domestic investment and hiring, but only if Congress and the White House agree to cut the tax rate on those profits to 5.25 percent from 35 percent. They call their plan “the next stimulus.” Sounds more like extortion."
   I love it a tax cut for businesses willing to work with the U.S. government is equal to extortion according to the official mouth piece of the left the NYT.
   So the rant goes on it gets even better "In the last five years American businesses have kept abroad more than $1 trillion worth of foreign earnings, according to government data. An article by David Kocieniewski in The Times last week noted that Microsoft has $29 billion offshore, Google has $17 billion and Apple has $12 billion." Oh my God since when is making profits in a nation that embraces CAPITIALISM Oh wait I forget that a company making profits is bad and against the far left's religion of taxing people and companies to death.
   With the NYT it is still blame Bush "The Obama administration should not give in to such corporate coercion. The last time big businesses got such a “tax holiday,” in 2005, companies spent most of the money rewarding their shareholders with stock buybacks and dividends, not in hiring."
    Here is the NYT's diagnosis for healing the economy "Bringing more money home at lower tax rates isn’t going to change that thinking. What these businesses don’t say is that they are already awash in cash. According to Federal Reserve data, companies in the United States have $2 trillion stashed in bank accounts, Treasury securities and other investment-ready assets. And this excludes cash held abroad by their foreign subsidiaries to avoid taxes.
Businesses will always want a tax cut. And they will always justify it as good for hiring and investing, whether or not it is. We remain perplexed by the Obama administration’s decision to consider businesses’ contention that cutting employers’ contributions to payroll taxes will lead to more jobs. It probably won’t — especially if the break is not specifically tied to new hiring.
The faltering economy needs real stimulus, like extending the payroll tax cut for workers until the end of next year. That would put money directly in the pockets of American workers and stimulate consumption. Investing in infrastructure would also help."
   If I were a business owner it sure as heck would change my thinking as far as lowering tax rates.Hey NYT the Government is more "awash" as you all put it in cash than businesses WAKE UP!
   No wonder why the NYT is hurting just not because of their slant in media liberal biases but they apparently donot understand the need for businesses to flourish by keeping their earned profits as opposed to their favorite thing Government bailouts and BS Stimuluses that don't work.