Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen My Amazon Authors' page Twitter:@ jacolineloewen Linkedin: Jacoline Loewen Profile

September 27, 2010

Will Nouriel Roubini's Advice on Payroll Cuts Help?

Nouriel Roubini is giving links to his Wall Street movie cameo - seems awfully vain to me. I saw Paul Krugman on Bring me the Greek last night. What is with these economists...are they are going gaga? Nouriel and Paul may believe they are mainstreaming their subject, and I agree, we all have to move with the social media times, but Tweeting about yourself on the movie too? Come on, Nouriel, you're not Hollywood.
Here is Mish's comments on  Nouriel's latest ideas in Response to Nouriel Roubini on "America Needs a Payroll Tax Cut" Mish also gives a great email from the president of a small corporation adding his comments too. Now this is worth Tweeting, Mr Roubini:
Dear Mish: I agree with your analysis of the statements by Roubini re: payroll taxes. As a business owner with four employees, I’d welcome them; however, such breaks would not entice me to hire another employee. Have a good day.
Here is Mish's response which is exactly right:
I am quite certain that sentiment represents the vast majority of small business owners. The one thing small business owners need is customers. It's hard to get more customers when government is going to start taking a bigger bite out of everyone's pay check. This is further proof that Congress has those bills ass backwards. But hey, who cares if the economy goes to hell. After all, scoring political points is far more important!
Catch more of Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

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