Term cost economically from that trade policy shock? unfortunately, i think the answer is yes. and i think listen, businessmen and ceos are no more courageous than any other particularly public company ceos job number one is staying ceo even if you have a five-year accelerated appreciation of capitol spending, you can be spending a lot more time with your family if you make the wrong choice. and i think so much confidence o is based on how people are feeling at the time, if a large company has financial departments and discounted cash analysis, at the marginal it s really dependent on how you re feeling, if you do the extra capitol spending and is clear that the tax cut was good enough for growth for the first year but on trade on top of your following it up with trade was probably too much for the business community as a whole. china has not had a
This couldn t be an attempt or conspiracy because in the end he says pay by check. but the whole context of the conversations would seem to undercut the cash analysis. the context of the conversation is let s create a legal form, let s create a corporation. let s not leave it up to one person. when you create a corporation, you create records. corporations don t pay by cash. corporations almost always paid by check or by wire and leave a paper trail. so if, in fact, the president did say, and it s hard to hear, pay cash, that seems very much out of context to the conversation. the other thing is, the tape ends very abruptly. it could suggest there is more on the tape that is exculpatory but that cohen has either kept it as leverage or may be erased it because maybe he doesn t look so good on it. ending the tape abruptly like this one ends is suspicious. and when you get forensic experts coming in they can tell
yeah, there is no crime. the whole context of the conversation would seem to undercut the cash analysis. the context of the conversation is let s create a legal form, let s create a corporation. when you create a corporation, you create records. corporations don t pay by cash. corporations almost always paid by check or by wire and leave a paper trail. so if, in fact, the president did say, and it s hard to hear, pay cash, that seems very much out of context to the conversation. the other thing is, the tape ends very abruptly. it could suggest there is more on the tape that is exculpatory but that cohen has either kept it as leverage or may be erased it because maybe he doesn t look so good on it. ending the tape abruptly like this one ends, when you get forensic experts coming in, they can tell you whether it was cut