Great response:
The fact is that if Mr. Fleisher’s company has to buy an extra box of paper clips it will cause them to go belly up. He’s in not position to hire anyone regardless of tax policy.
The reason Mr. Fleischer’s company isn’t hiring has nothing to do with taxes or the policies of any administration. It’s because his business has been in decline for a decade. As the CEO, that decline is his fault. All his complaining about taxes and benefits is just a smokescreen for his own incompetence.
The world changed around them a decade ago and they failed to adapt. In 2000, their annual sales were 66 million dollars with cash on hand of 12 million. By 2003, sales were down to 55 million and cash was down to 6 million. That was before the financial crisis and under the allegedly pro business policies of the previous administration. In 2009, sales were down to 44 million and cash was down to 2 million. They manages to lose 17 million dollars that year and got a carry back refund of some 5 million dollar. Mr. Fleischer should spend less time complaining about taxes and more time thinking about how he can correct 10 years of mismanagement.
Don’t take my word for it, read the balance sheets yourself.
http://www.bogen.com/aboutus/financials/#historicalhttp://www.balloon-juice.com/2010/08/09/aris-brother/Remember Michael Fleisher was sent to Iraq under Bremmer to "fix" the economy and ended up stopping all government subsidies to employees, laying them off and causing them to take up arms. Breaking the whole country.
Oh, and the company he is now the CEO for? Does mostly government contracts. And he's complaining about taxes.
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