Tax Holidays Do Not Correlate to Hiring

Large banks and other corporations who received tax holidays laid off workers as early as 2004-2005. So fuck your tax holiday lobbying. these lay offs came well before any mainstream acknowledgement of a real estate debacle turning into a global financial crisis.

The only thing that may make sense here was the business community had a heads up on the upcoming crisis and tried to get ahead of the curve. Or growth statistics were not indicative of the true economy.

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