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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: TimF7/6/2009 9:53:38 PM
2 Recommendations  Read Replies (2) of 224759
 
...So we're not firing many people, but we're not hiring either. Why? This is especially confusing given the political mood in Washington during the past two years which has been far more focused on job creation (or savings) than on general economic growth. The stimuli plans were supposed to be job plans. The auto/bank bailouts cum nationalizations were supposed to be about saving jobs, not 'Wall Street'. So given two record breaking stimuli within two years, why isn't America 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.

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

cnbc.com

coyoteblog.com
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