http://pajamasmedia.com/blog/going-galt ... -summer/2/
Enough high producers to make a difference abandoned their spring optimism, not because of then-current economic conditions, which were at worst mediocre. They did so because of their assessments of what economic conditions would be in the not-too-distant future, based on the perilous pronouncements of Pelosi, Obama, and Reid. Many of those who didn’t catch on during the summer did so after observing the reckless September-October actions of the Washington establishment.
As a result, they took steps that businesspeople, entrepreneurs, and investors ordinarily take when a serious recession takes hold — not hiring, not expanding, letting people go and not replacing them, making worn-out equipment last longer instead of buying new, and others — before the serious recession took hold. They deliberately downsized in response to stated promises by powerful government officials Pelosi, Obama, and Reid to penalize and punish them and the economy as a whole, if and when they gained power.
In other words, enough high producers to make a difference preemptively “went Galt.”
Their perfectly logical and understandable reactions have caused the recession to be much deeper than it could or should have been. The “going Galt” phenomenon and the recession itself have also sent federal receipts into a frightening free fall. The following graphic includes March’s actual receipts and my estimated results for April (detailed here):
When You threaten, punish the achivers ???
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Re: When You threaten, punish the achivers ???
with 18 months of anti Business rhetoric !!!!
If You think things are tough now ???
YOU Have not seen anything YET !!!
If You think things are tough now ???
YOU Have not seen anything YET !!!
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Re: When You threaten, punish the achivers ???
I just worry you are right again.
Buy American, the job you save just might be your own.
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Re: When You threaten, punish the achivers ???
http://news.yahoo.com/s/ap/20100319/ap_ ... e_organics
So You want to be an Organic Farmer ?????? Or Dr. ? Or Insurance Co CEO, Or a Hospital Administrator ?????
So You want to be an Organic Farmer ?????? Or Dr. ? Or Insurance Co CEO, Or a Hospital Administrator ?????
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Re: When You threaten, punish the achivers ???
Yo Dolphin,
Great article. Thanks for sharing.
Ya know I cant decide who is the biggest crooks, our goverment and monsanto.
Great article. Thanks for sharing.
Ya know I cant decide who is the biggest crooks, our goverment and monsanto.
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Re: When You threaten, punish the achivers ???
Oh and by the way Dolphin,
Good to hear from you old chap! Hope all is well in your camp!
Good to hear from you old chap! Hope all is well in your camp!
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Re: When You threaten, punish the achivers ???
Thank You ! Stop By when you are across the bay sometime