OTB you and I agree on many issues, and to a certain extent, i do accept the premise that the POTUS definitely has an agenda when it comes to green jobs and tax breaks to companies that the dems favor, same thing with the repubs. But, I think the corporate elite have become content with the status quo, only way for the economy to get back is if companies, small or big start hiring. Then maybe housing will recover.
I agree that small companies, are the backbone of job creation, but why would they hire when the multi-nationals are still laying off people even with historic profits? What would give them confidence and the moxy to wager the limited amounts of cash they have when the signals they get from the street is to stay put and invest overseas, as you have said.
My point is, whats the point of government lowering corporate tax for companies to reinvest here, when they are already enjoying record profits while the country is experiencing 10% or 9% unemployment. Its not like they aren't profitable already, so why hire? what's the incentive?
What does corporate America have to gain right now to hire more people and help the economy if they are making good money at this point? Right now i think its in their best interest to just have the status quo.
As I said im no lib or left of center person, but after TARP, and all the stabilizing monetary policies that has happend that have led to a more stable market and banking system, where are the jobs? Im getting cynical of it all, would a corporate tax of 0% really lead to more jobs at this point?