Who would have guessed. Businesses want to hire just because it’s been a long recession, and they want to be on the leading edge of the recovery. With Obama in office, it’s not a capitalist competition to deliver goods and services of value to willing customers, it’s crony “capitalism” where all that matters is connections. Customers will come by compulsion, and no employer wants to make himself a target for that compulsion by expanding. The economy is dead until Obama is out of our White House and liberty is restored.
Sat. on Kudlow, they were discussing that businesses are not making big capital investments, like new factories, new computer systems and software, and new departments with the commensurate hirees. Instead they’re just nibbling around the edges with small improvements.
The consensus was that knowing that we could possibly have another four and a half years years of anti-growth, anti-free market policies, businesses are not going to stick their necks out. They’re going to hunker down and do what they have to for survival.
If Romney is elected, they think the economy will take a big step forward.