Why the psychology of investors matters to economic growth and value creation
By Joel Ross|September 20, 2010 at 11:00 PM
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When Bush was in office there was a lot of unhappiness about his administration and the mainstream media did its best to fan that sentiment. However, there was a business friendly attitude in the White House and taxes were lowered. That encouraged investors to take risks and to hire new employees. Unfortunately it got taken to extremes and the bubble burst. However, it did demonstrate that investors will react to government approaches to tax, regulation, and general attitude of government toward successful entrepreneurs. I could never understand how anyone could think a community activist who never held a real job, never ran anything, and who continuously bashed the business community, could possibly be good for business- especially with Nancy Pelosi running Congress. I always felt she was the most dangerous person in America and she has proven that to be true.
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