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It is pretty obvious that the Bush and Obama Administrations have been very kind to big business interests. TARP, low tax rates, low interest rates,etc. Why don't businesses want to hire people in the country that saved their asses?
big business isnt the job creation engine in this country, its the SMALL business owners that are, and this administration has continually crapped on them since he was elected.
Hiring is not based on feel good policy but is rather a business decision. If a business can make a more substantial profit by hiring, they hire. If they can't then they won't hire. Right now the economy is still too sluggish and manufacturing is still down. Then there is the poison pill of Obamacare. Hiring will be directly affected.
big business isnt the job creation engine in this country, its the SMALL business owners that are, and this administration has continually crapped on them since he was elected.
Hiring is not based on feel good policy but is rather a business decision. If a business can make a more substantial profit by hiring, they hire. If they can't then they won't hire. Right now the economy is still too sluggish and manufacturing is still down. Then there is the poison pill of Obamacare. Hiring will be directly affected.
The weak dollar is also driving stagnation since consumers are unable to purchase as much as they used to.
The weak dollar is also driving stagnation since consumers are unable to purchase as much as they used to.
The dollar is actually fairly strong visa vi the other major currencies and even if it wasn't that would only effect imports not domestic production. In fact, it would more than likely increase exports thus leading to job creation.
In any event, as just about every economist with half a brain, we have a demand problem. There is over supply in just about every industry while demand remains slumped. Industry won't hire because they already can't find buyers for what they're currently producing plus they've learned how to brow beat concessions out of workers to get them to produce more for less money. The old right wing supply side economics won't help anyone do anything because we have excess supply and instead if you want to increase employment & output you MUST increase demand so that companies actually have orders to fill and thus a need to hire new workers.
This means a real stimulus, not one which is 70% tax cuts (which is supply side stuff which won't help in this situation) like the one in 2009, and instead and actual New Deal style stimulus where we actually go out and build things like roads, bridges, new schools, canals, new airports, etc... THAT is how you create new demand, how you get factories hiring new people to meet new demand, and how you get money actually trickling into the pockets of people who will spend it rather than just stuff it in a secret over seas account like Romney and Co always do.
big business isnt the job creation engine in this country, its the SMALL business owners that are, and this administration has continually crapped on them since he was elected.
That is a nice unprovable sentiment, but if there is no need for a business' service, then no matter the ease of regulations in openning or running a business has little effect on need of services.
There are tons of small businesses thriving...why? Because there is a need for thier sevices. They seem to be able to handle Obama's tyranny.
build things like roads, bridges, new schools, canals, new airports, etc... THAT is how you create new demand, how you get factories hiring new people to meet new demand, and how you get money actually trickling into the pockets of people who will spend it rather than just stuff it in a secret over seas account
This.
The problem with this idea is that there are far too many powerful people who would have to pay more for their housekeepers and lattes if this kind of thing was undertaken, and they've deceived enough sycophants to support their self-serving avarice with empty promises and vacuous finger-pointing to evade their culpability in the status quo, that I don't see such efforts on the horizon.
It is pretty obvious that the Bush and Obama Administrations have been very kind to big business interests. TARP, low tax rates, low interest rates,etc. Why don't businesses want to hire people in the country that saved their asses?
Simple question. Discuss.
It has never been hard to answer.... Businesses will not hire unless there is sufficient demand for their products to require it.
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