Posts Tagged ‘Economy’

“America Isn’t Hiring Precisely Because of Government Policy”

Tuesday, July 7th, 2009

Wanted to be sure and snag this beautiful piece of driftwood on the Internet River, before it floated any further out of sight. Valuable lesson for us all, or at least, those among us who need to learn it. Read…absorb…:

Jerry Bower, a guest blogger at CNBC, has good insight into why US companies are not hiring:

America isn’t hiring precisely because of government policy. Small business owners, who are usually the first into and the first out of the job pool, are standing by the fence and watching. They are paralyzed by regulatory uncertainty. If they hire someone who ends up doing poorly, will they be able to fire that person? Will they have to pay their health care bills after they’ve been terminated? If so, for how long? Who will pay for all these stimulus checks? If it will turn out to be small business, why would they hire instead of keeping costs low to prepare for the big tax bill? Where will the market move? Are you in the right business or are your clients in a politically disfavored industry? Are your clients in health care (being nationalized), autos (already nationalized), banking (somewhat nationalized) or any energy production process which uses carbon (pulverized)? Until you know, you don’t grow, and until you grow your market, you don’t grow your payroll.

Bowyer closes with a punchline that says it all:

Jobs aren’t languishing despite the government’s best efforts. They’re languishing because of them.

Update: And, you see where this gets ya.

Unemployment hit 9.5 percent in June, according to the Department of Labor, putting the figure 2.5 percent higher than the White House had predicted it would be if a government stimulus spending program went into place. Moreover, the new figure is nearly one percent higher than where the White House said it would be without any stimulus spending at all.

In fact, the White House never predicted that unemployment would rise above nine percent regardless of whether Congress spent the nearly $800 billion in so-called economic stimulus spending it recommended at the time.

Apologies in advance for what follows, I’m simply not a decent enough person to rise above it…

Hey all you Palin-haters. Yeah, you. Isn’t it great that we kept that know-nothing Tundra Barbie away from the seat of power? Really dodged a bullet there, huh? How many times do you think she would have used Air Force One to buzz-bomb Manhattan?

Are You Feeling Stimulated?

Monday, July 6th, 2009

Stop The ACLU:

May’s numbers out of Ohio are dismal. The Buckeye State’s unemployment rate hit 10.8% and the national rate is 9.5% with today’s numbers for June. In Dayton, Ohio, a company which has been in Ohio since the 19th century, NCR, has decided to relocate to another state. Columbia, SC, is using money from the President’s Stimulus Package to lure NCR away from Ohio. I’m sorry people, but all the road projects in the world won’t replace those long-term high paying jobs.

So my question to all of you is – Are You Feeling Stimulated?

According to the latest Gallup numbers – you aren’t.

63% are unsatisfied with the state of the nation
58% have a negative consumer mood
49% believe that economic conditions are poor
59% believe that things are getting worse

So it seems that none of you are feeling the least bit stimulated by all of Obama’s spending.

“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” — Winston Churchill

“You Keynesians are all the same, with your beady little eyes and flapping heads!” — Morgan K. Freeberg