Obama Lays-Out $1.5T in New Taxes

[Mr. dB]

Reagan was an entrepreneurial-friendly president. That's when we got our breaks.

I will say this about Barry. He's the best thing that's happened to incumbent medical device manufacturers.

See this chart?

Probably 1/2 of those letters killed startup medical device companies. And too many companies in the market can drive prices too low.

Seems to me that the upturn in the graph starts a year before Obama was sworn in. One wonders what Bush policy caused this?

 

[mrplunkey]

Seems to me that the upturn in the graph starts a year before Obama was sworn in. One wonders what Bush policy caused this?

But, more importantly, one must first wonder where you learned to read a chart.

 

[Mr. dB]

I have no idea what "DDMAC Warning and Untitled Letters" might be. Perhaps some of the startups were blocked because they weren't qualified?

 

[mrplunkey]

I have no idea what "DDMAC Warning and Untitled Letters" might be. Perhaps some of the startups were blocked because they weren't qualified?

They are warning letters issued by the FDA that kick-off very expensive processes that companies must execute. Big companies have their own in-house staff, and smaller companies hire specialty law firms (typically staffed with ex-FDA'ers) for $375-$600 per hour.

 

[Mr. dB]

But, more importantly, one must first wonder where you learned to read a chart.

The 3D chart does have some parallax.

If the end of the graph is 2010, and there's a kink for every year, then the upward trend begins in 2007 and gets steep in 2008. The final kink separates 2009 from 2010.

 

[mrplunkey]

2007 is a local minimum.

2008 is a tiny (within the noise) increase.

2009 in a huge increase over 2008

2010 is a huge increase over 2009

 

[redsamurai]

BTW, Reagan was a classic Keynsian who spent his way into prosperity. .

This^^^^^

the monkeys don't get it do they?

 

[Mr. dB]

This^^^^^

the monkeys don't get it do they?

They brag about it -- "he drove the Soviets to ruin by outspending them".

 

[mrplunkey]

I like the ones who don't understand what government should do (i.e. defense) versus what the government shouldn't do (i.e. social engineering).

But it's a moot point now, because broke is broke. We can't afford to do either.

 

[-SD-]

I wish we could defeat more world superpowers by just spending money without firing a shot. Sounds like a helluva bargain