I did consulting work for FedEx. Instead of asking America to bail him out like we've bailed out banks, Fred might want to look at his company. I've never actually encountered a more inbred group of incompetents. They, like Microsoft, happened to become lottery winners....and like Microsoft, they will watch themselves slowly lose to more agile organizations. He (and McCain) are completely backwards looking.
He's not asking the government to "bail him out". He's asking them to get out of his way.
FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
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Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#12That's pretty much the case against Barack Obama: Trade (BIG BIG BIG win for McCain), Taxes (small win for McCain), Subsidies (big win for McCain), Healthcare (big win for McCain: got to address cost, not access), and Energy (slight win for McCain). Barack on the other hand is better on avoiding World War III, Big Brother, and Theocracy. It's a depressing choice.
In fact, I seriously doubt the mental state of any intelligent person thinking of voting for McCain.... but then again, that's just my opinion. Not fact.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#13That's pretty much the case against Barack Obama: Trade (BIG BIG BIG win for McCain), Taxes (small win for McCain), Subsidies (big win for McCain), Healthcare (big win for McCain: got to address cost, not access), and Energy (slight win for McCain). Barack on the other hand is better on avoiding World War III, Big Brother, and Theocracy. It's a depressing choice.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#14That's pretty much the case against Barack Obama: Trade (BIG BIG BIG win for McCain), Taxes (small win for McCain), Subsidies (big win for McCain), Healthcare (big win for McCain: got to address cost, not access), and Energy (slight win for McCain). Barack on the other hand is better on avoiding World War III, Big Brother, and Theocracy. It's a depressing choice.
Really? Trade: small win for Obama. Taxes: small win for Obama. Subsidies: small win for Obama. Healthcare: big win for Obama. Energy: insanely large win for Obama. Foreign policy: insanely large win for Obama. Civil rights: big win for Obama. In fact, I seriously doubt the mental state of any intelligent person thinking of voting for McCain.... but then again, that's just my opinion . Not fact.
Obama wants to raise taxes because there is no place to cut a $3 trillion budget. In fact, he wants to add many new expenditures to that budget. Many smart people seem to have gotten caught up in his class-warrior socialist rhetoric, but the truth is we all lose when government punishes the productive sectors of society through taxation.
Subsidies? Every economist I know and most environmentalists are against corn and ethanol subsidies. McCain had the balls to make a stand against them at a debate IN IOWA, a notorious corn state. Obama realizes that handouts win votes, and spinelessly sticks by them.
Healthcare? The big healthcare problem in the United States is cost, not access. See http://www.realclearpolitics.com/articles/2008/09/getting_re... . McCain wants to address the cost of healthcare. Obama is all about access. I think Obama is wrong on the issue.
Energy: Obama promises to subsidize various technologies out the wazoo, but we have seen little return from previous billion-dollar efforts.
Your last sentence illustrates the religion-like fervor that has developed around Obama and the intellectual bankruptcy of his movement. I won't be voting for McCain, but I have no illusions that Saunt Obama is going to save the world.
I'm sorry I stated the case against your savior. I hadn't realized that Hacker News had turned into reddit, and that any comment against the one with the Kennedy smile was worthy of downvotes.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#15Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#16I did consulting work for FedEx. Instead of asking America to bail him out like we've bailed out banks, Fred might want to look at his company. I've never actually encountered a more inbred group of incompetents. They, like Microsoft, happened to become lottery winners....and like Microsoft, they will watch themselves slowly lose to more agile organizations. He (and McCain) are completely backwards looking.
I don't believe that running successful business is like winning the lottery. If I did, I wouldn't spend so much time learning about how to form and run startups.
FedEx is a tremendous success story. Created an entire business niche where none existed before. You can either have more of that or less of it. I know where I stand.
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#17Earlier quoted context omitted.
Really? Trade: small win for Obama. Taxes: small win for Obama. Subsidies: small win for Obama. Healthcare: big win for Obama. Energy: insanely large win for Obama. Foreign policy: insanely large win for Obama. Civil rights: big win for Obama. In fact, I seriously doubt the mental state of any intelligent person thinking of voting for McCain.... but then again, that's just my opinion . Not fact.
Most economists (~90%) think free trade is a huge net positive for the world. Paul Krugman, the most prominent living left-wing economist, is a unabashed supporter of trade. Obama demonizes it. Krugman is much closer to McCain than Obama on free trade. Obama wants to raise taxes because there is no place to cut a $3 trillion budget. In fact, he wants to add many new expenditures to that budget. Many smart people seem…
Due to differences in regulation I don't want to see Chinese drug manufactures shipping drugs to the US. I don't mind if US or EU companies manufacture in China but the potential harm from contaminated drugs IMO outweighs the potential cost reductions.
Granted for bulk goods like Lumber, Steel, and Oil it's probably a pure net win.
PS: I find it offensive that Bill Gates has a lower effective tax rate than I do, but I don't see that changing any time soon. I am for an all inclusive flat tax with zero tax breaks of any kind, but I don't see anyone jumping on that bandwagon. AKA you don't treat stock ownership different than home ownership, and there is no cap on Social Security, and there is no charitable giving tax break etc. (Federal, State, and Local tax inclusive.)
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#18Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#19Earlier quoted context omitted.
Really? Trade: small win for Obama. Taxes: small win for Obama. Subsidies: small win for Obama. Healthcare: big win for Obama. Energy: insanely large win for Obama. Foreign policy: insanely large win for Obama. Civil rights: big win for Obama. In fact, I seriously doubt the mental state of any intelligent person thinking of voting for McCain.... but then again, that's just my opinion . Not fact.
Most economists (~90%) think free trade is a huge net positive for the world. Paul Krugman, the most prominent living left-wing economist, is a unabashed supporter of trade. Obama demonizes it. Krugman is much closer to McCain than Obama on free trade. Obama wants to raise taxes because there is no place to cut a $3 trillion budget. In fact, he wants to add many new expenditures to that budget. Many smart people seem…
Re: FedEx's CEO on McCain, free trade and the tax bias against capital-intensive industries.
#20Earlier quoted context omitted.
Really? Trade: small win for Obama. Taxes: small win for Obama. Subsidies: small win for Obama. Healthcare: big win for Obama. Energy: insanely large win for Obama. Foreign policy: insanely large win for Obama. Civil rights: big win for Obama. In fact, I seriously doubt the mental state of any intelligent person thinking of voting for McCain.... but then again, that's just my opinion . Not fact.
Most economists (~90%) think free trade is a huge net positive for the world. Paul Krugman, the most prominent living left-wing economist, is a unabashed supporter of trade. Obama demonizes it. Krugman is much closer to McCain than Obama on free trade. Obama wants to raise taxes because there is no place to cut a $3 trillion budget. In fact, he wants to add many new expenditures to that budget. Many smart people seem…
And, of course, Warren Buffett is a socialist because he wants to spread the wealth around.