In a down economy, the rich get richer and the poor go broke

greg  |   Jul 31 2008   10:16AM GMT

I love how you report that the company spent 150% of it’s revenue, but you still manage to blame “the Economy”. I think most economic downturns are media driven, self fulling prophecies. They have been trying to cause one as long as Bush has been in office. But his policies have prevented it, mostly. I have never been able to figure out how raising taxes on anything will lower the price or help “the Economy” In any way. The Bush tax cuts(on “the rich”, yeah right) have brought unprecedented income into the Fed. And yet Democrats are PROMISING to Raise taxes. The more they promise this, the worse “the Economy” gets. The more the Democrats obstruct any increase in Energy Production, (That isn’t wind driven and HEAVILY subsidized) The higher Gas prises go. They have managed to Double the price in less than eighteen months. Bush lifts the Presidential Ban on Offshore Drilling, And the price of gas has been dropping steadily ever since. Imagine what would happen if the Dems were working WITH the President instead of AGAINST him. It’s just common sense people.

greg  |   Jul 31 2008   10:18AM GMT

“What if they held a Recession and no one came?”

Beth Pariseau  |   Jul 31 2008   12:17PM GMT

Hi Greg, appreciate your comment, but I don’t recall holding President Bush responsible for Ciprico’s bankruptcy. It is acknowledged that Ciprico spent too much money. However, companies trying to change direction often have to make significant investments to do so, which they anticipate recovering in sales.

Whether or not there is a general recession going on is not something I’m interested in debating. What I can tell you is that in the industry I cover every day, purchasing decisions are shifting in favor of cost-cutting, fast-ROI products. This is often explained (by those companies, and the vendors that sell to them) as a reflection of the overall economic climate. Were users more inclined to make more purchases in the current economic climate, perhaps the outcome of Ciprico’s attempted turnaround might have been different–or, were they pulling in more revenue, they might have been able to better survive the transition period.  That’s all this post was meant to suggest, and if you disagree with that notion, so be it. But Republicans and Democrats never entered into it.

greg  |   Jul 31 2008   12:27PM GMT

Well, I am not interested in debating either but GDP figs came out today, ^ 1.9%. Also, Consumers would be more apt to buy if the Mass Media was not so pessimistic (And maybe a little more Honest)about the Economy.

Beth Pariseau  |   Aug 1 2008   8:56AM GMT

that’s where i figured you had me confused with someone else. i’m not the mass media, i’m a trade press reporter.