Pro-Business Rudy: Less Regulation, More Tax Cuts

Out-of-Touch Rudy Giuliani today called for fewer regulations and increased tax cuts for corporations as a means of responding to outsourcing jobs.

Businesses have a right to make a profit, he said. The solution, he said, is lifting some regulations on businesses and lowering the corporate tax rate.

Just what we need, more corporate welfare.

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    give him credit, (5.00 / 1) (#2)
    by cpinva on Sat Nov 24, 2007 at 11:58:16 PM EST
    he's taken a stand, or a stoop. instead of mandating that other countries rise up to the standards of business in this country, he wants us to revert to the "triangle shirt waist factory fire" era of american labor.

    of course, his kids won't have to worry about that, since they can all afford that nice college education.

    sarbanes-oxley has only been on the books for a couple of years, at huge cost to many companies. it's a wee bit early to tell how much actual impact it will have. same thing with FIN 48, and the new corp. Sch. M-3, all of which mandate greater disclosure and openess by corporations doing business in the US.

    Less Regulation Rudy? (none / 0) (#1)
    by DallasNE on Sat Nov 24, 2007 at 10:32:46 PM EST
    What about the off-book accounting that allowed many companies to hide the sub-prime loans they were taking on. This led to inflated stock prices with insiders able to get out before the knowledge became public. My fear, though, is that lack of enforcement of Sarbanes-Oxley is at the heart of the current problems as lack of regulation.

    A correlary question Rudy. Would you enforce current regulation or go the route of Bush and green light off-book accounting and screw small investors. Where do you stand?

    China Needs Windmills (none / 0) (#3)
    by john horse on Sun Nov 25, 2007 at 09:58:29 AM EST
    I thought this was priceless.  Rudy thinks that we can make up the trade deficit with China by selling them windmills.

    "China's gonna need windmills. China's gonna need better use of water power. China's gonna need to use solar power better than it does," he said.

    "It makes up for a lot of stuff you can buy from them," he said. "It makes up for a lot of sweaters -- one big wind mill, a lot of sweaters."

    Who would have thought that there was this huge pentup demand in China for windmills?  

    The Chinese could be energy independent if they  could somehow attach these windmills to Rudy's inexhaustible source of hot air.