Market volatility has investors, GOP on edge

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Comment by Tom Cordle on December 28, 2018 at 8:04pm

The Great Reptile Corporate Tax Cut – be careful what you wish for – and bribe legislators for – may well backfire on corporate fat cats. I'm sure they believed that stock buy-backs financed by these tax cuts would increase stock prices, and it did, momentarily. But in the long run? That remains to be seen.

It defies comprehension that the Masters of Greed fail to comprehend the most basic economic fact, to wit, their long-term success depends on consumers, and in particular, consumers with discretionary income. No lest an ardent capitalist than Henry Ford understood this. When the fat cats of his day whined about him paying double the going rate for workers, Ford responded tersely and succinctly: "Who the hell do you think is going to buy my cars?"

Comment by Robert B. James on December 29, 2018 at 8:06am

It’s beast versus beast, only Mad could draw it better than Dick. Them hats, them noses...still scare the crap out of me. Starve the beast? Lol. This ain’t 1930, or is it? Chaos is here cats and kittens, we on mr toads wild ride. Weeeeeeeeee!

Comment by Maui Surfer on December 29, 2018 at 8:34am

T has it right here, but, lets not forget that what they did for no reason other than greed was actually the remedy one uses when there is an actual crash. Giving out the cuts for no reason to the Corporations and one per-centers means that now if we go down there is no alternative but more bail outs, fascinating, no?


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