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Georgia Business Declares New Company Policy: ‘We Are Not Hiring Until Obama Is Gone’
A business owner in western Georgia instituted a new company policy recently: “We are not hiring until Obama is gone.”
Bill Looman, who owns U.S. Cranes, LLC in Waco, Georgia, explained that while “I’ve got people that I want to hire now,” he didn’t think he would be able to foot the expense “unless some things change in D.C.”
In the lead-up to the financial crisis that crippled the American economy and plunged the country into a recession, the Federal Reserve made trillions in undisclosed loans to struggling banks and financial institutions, according to official documents obtained by Bloomberg News. Six of the country’s largest banks then turned those loans into more than $13 billion in previously undisclosed profits.
Even as Republicans and CEOs of major companies complain that taxes are stifling job creation, corporations have been sitting on trillions of dollars in cash reserves, at some of the highest levels on record. The New York Times this morning notes another wrinkle in this story, pointing out that some companies have been laying off workers at the same time that they’re spending billions to buy back their own shares, thus enriching executives
As Occupy Wall Street protestors continue to demonstrate across the country, congress’ fiscal super committee failed to craft a deficit reduction package due to Republican refusal to consider tax increases on the super wealthy. In fact, the only package that the GOP officially submitted to the committee included lowering the top tax rate from 35 percent to 28 percent, even as new research shows that the optimal top tax rate is closer to 70 percent.
Ken Lieberthal of the Brookings Institution does a lot of work in China. Visiting about 10 times a year, he does some business consulting, meets with other scholars at universities and sometimes meets with government officials.
Like a lot of us these days, Lieberthal carries electronics with him to do his work. However, he takes a bit more precaution than many business travelers, as he tells weekends on All Things Considered guest host Rachel Martin.
“I first of all get a loaner laptop. And the USB that I bring, I clean digitally before I bring it, so it’s totally blank,” Lieberthal says.
Last Monday, Kansas high school student Emma Sullivan attended a speech by Gov. Sam Brownback (R-KS), during which she published a tweet critical of the governor. In response, Brownback’s office reported Sullivan’s critical tweet to her high school’s administration, and the high school principal ordered her to write a letter of apology — despite the fact that this punishment is unconstitutional because Sullivan’s tweet is protected by the First Amendment.
When the Supreme Court made its landmark 2008 ruling in the case Citizens United v. Federal Election Commission, political warfare was unleashed. It became known among some as the “corporations are people, too” ruling.
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