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To: Dale Baker who wrote (93687)	9/2/2010 11:06:22 AM
From: Keith Feral	Read Replies (1) \| Respond to of 118717

I could not agree more. One of my buddies was trying to tell me he would not make any additional hires due to the uncertainty. So, I asked him how business was doing and whether he actually had any plans to make additional hires. He kind of laughed and said no way! The biggest reason he's not adding any new jobs - the high cost of raw materials from high crude prices. Since oil climbed above $70, economic growth has slowed to a halt in all countries that are heavy importers. China and India might still be able to grow since they don't pay any wages in manufacturing, but that's a whole different example of economic growth. Wage inflation will cut into China's 8% growth over the next 10 years.