Avatar Michael Muoio

Michael Muoio

Chief Executive Officer that has meaningfully enhanced shareholder value, while growing brands in challenging competitive environments. Demonstrated abilities in vision development, strategic planning, operations, team building and cost control. Effective communicator within the enterprise, Board of Directors, shareholders and other stakeholders.

Recent comments by Michael Muoio

  • The New Mercantilist Challenge

    We have not managed our trade policy in the national interest, but rather in the interest of global corporatism.

    After essentially 32 years of wrong turns and existential damage, could Rumpelstiltskin be stirring?

    I certainly hope so but I see little evidence of it.

    Obama just did the Korean Free Trade deal and our trade deficit with them shot up 16% almost instantaneously.

    The fix on this one will be more than discussion and debate.

  • Avoiding a New American Recession

    Our recklessness can only be fixed by the "cliff" as it took 32 years to get to where we are.

    In 1980 Reagan adopted “supply side economics” or “trickle down economics” and the philosophy that budgets never needed to be balanced.

    Tax cuts were put into place that were based on expanding our debt from $809 Billion in 1980 to $5 Trillion in 2000 to $10 Trillion in 2008 and $16 Trillion in 2012.

    We also entered diabolical free trade agreements with tax incentives that encouraged manufactured product imports and job exports.

    We deregulated the financial sector and freed Wall Street to be “creative”. This destroyed $16 Trillion of our collective wealth.

    Following the 911 attacks, we committed $4 Trillion off budget to occupy terrorist nations.

    We implemented Medicare Drug Plan D at a cost of $180 Billion a year.

    Student loans total over $1 Trillion as our public and private universities took advantage.

    We have concentrated wealth to levels not seen since 1929.

    The reduction in marginal income tax rates is outrageous. Rates have been reduced from 70% in 1980 to 35%. In 1964 they were 91%.

    Our capital gains tax was reduced from 39.9% in 1978 to 15% currently. The 100-year average on capital gains is 26.9%.

    We reduced corporate income tax from 46% in 1980 to 35% today. The 100-year average on corporations is 46.7%.

    We enjoy the lowest marginal tax rates since 1929 and we have only felt the first blow of this reckless behavior.

    The GOP position on all of this was in favor as Hoover led us into the Great Depression.

    We either fix it now with minimal pain or we will suffer for another 10-15 years all the while pointing bleeding fingers at each other.

  • A Referendum on Obama

    Thomas....in 2011 the paid tax rate for corporations in the US was 12.1%......a forty year low.

    Don't believe the nonsense these pirate spew!

  • A Referendum on Obama

    With Obama we move forward.....with Romney we go back to Marc Leder's dining room on Long Island.

    Michael, do you want to go back there?

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