
Obama greeted with bear hug by pizza parlor owner
September 9, 2012 2:30 PM
Stopping by the Big Apple Pizza & Pasta Italian Restaurant in Ft. Pierce, Fla., Sunday, President Obama got an unexpected lift from Scott Van Duzer, whom the president observed as the "biggest pizza parlor owner I've ever seen."
Recent Segments See All Videos
Scroll Left Scroll Right


- 1
- 2
- 3
- Next »
See all 48 CommentsI don't know why you think that companies holding cash makes for "good bottom lines". In fact, holding cash does not make the company more profitable, especially at T-Bill 3 mo. interest rates of 0.10% and LIBOR rates less than 1%. The main reason for companies holding higher cash assets is the result of the lack of confidence in the economic outlook.
I don't know how you think Stock Averages are related to job growth, but all of these issues are not as simple as you seem to think.
I know that it is popular these days to blame someone else, but we are all to blame for not paying attention too long to the way our government is run. We were content to believe that our policies would allow us to spend without regard to the risks of the economic cycles. We trusted our representatives too much, and we are paying the price for it now.
The reality is that stock market is still in the tank by more than 50%, which increases the risk of business expansion. That affects corporate investment as well as private and institutional investors, who have invested for their retirement funds and their own businesses.
If we continue on the same course, I doubt that the economy will recover any time soon because of the uncertainty in sustainable growth. We must get our economic house in order. You can not continue to spend more that you take in and borrow your way out of debt.
There is the very real risk that a combination of drought, European economic failures and/or bad financial decisions to raise taxes without major reductions in spending will spiral us down into a worse depression than you have ever seen, and kill any chance of a substantial recovery for years to come.
The risks to our Ship of State are high, and I believe that we need a leader with knowledge and experience to captain it, not someone who thinks "the private sector is doing fine", and expanding the federal government is the solution.
Obama is just trying to hide his abismal record with nonsense-----very distinguished way for a president to act---what is he after----the thug vote.
--------------
A small business owner is now a thug? Glad we cleared up how you repubs really feel.
(btw - vote for increased funds for schools. Maybe your kids will learn how to spell abysmal.)
- 1
- 2
- 3
- Next »
See all 48 Comments