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Politics : View from the Center and Left

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To: quehubo who wrote (105130)	2/28/2009 6:03:16 AM
From: Cogito	Read Replies (1) of 542495

>>Many companies are primarily concerned with protecting earnings and their stock price. Notice it has been 5 months since it became clear to business that Obama would be President. Has anything this administration done provided any reason for business to do anything but hunker down for the unknown? Going for the carbon tax is the ultimate power grab and will accelerate the down ward spiral of the economy.<< Quehubo - Hmmm. Yes, the market has known for five months that Obama would be President. And for four of those five months, Bush was President. Did the Bush administration provide any reason for businesses to do anything but hunker down for the unknown in those four months? What about in the many months before? And is there some reason to have expected Obama to remove all unknowns from the shaky economy he inherited in just four weeks? Meanwhile, the carbon tax is not a "power grab." It's a serious attempt to do something about CO2 emissions, using the method that is actually preferred by most conservatives and libertarians. - Allen

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