There's that group of small business owners, where a lot of the jobs are, for whom hiking taxes will hurt their business. They already face higher heating costs, insurance costs -- at some point, they may decide there are too many costs to run a business and decide it's not worth it any more.
More Quotes from Robert Brusca:
The breadth of inflation is contained. Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.Robert Brusca
No matter which candidate you support, you have to realize there will be a lot of discord in this country, ... And no matter how much you like your candidate, you realize neither one of these guys has a magic bullet for the economy.
Robert Brusca
We've still got a lot of job growth, but it's not pressuring the unemployment rate, ... That's a critical thing for the Fed -- between the unemployment rate and the nice average hourly earnings rate figure, which was up only a penny, I think the Federal Reserve will breathe pretty easily with this report.
Robert Brusca
December's result will raise some questions but not enough to alter policy.
Robert Brusca
I think we're going to have a slower recovery, ... There are other things that suggest there are limits to what the Fed can do.
Robert Brusca
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
Robert Brusca
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