Here's a hint: It's middle name is Hussein.
Why hire when demand is way down?
I really don’t believe the Depression hype.
I went to a mall here in town that 20 years ago was a dump. At noon on a Thursday it took me half an hour to park. People were parked in the grass and up on curbs.
Holiday sales seem to be up and people seem to be buying obscenely expensive stuff. After Thanksgiving sales were up 7% from last year.
Dems just want to trash this economy to the max so Obama can get the maximum rebound.
We haven’t gotten our bail-outs yet.
Bankers, Fanciers, and Politicians are a bunch of Crooks who change the rules to fit their needs at any given moment. What businesses are afraid of is that the Crooks are ignorant arrogant pieces of S. and we are stuck with them because the populous believes in theses SOBs.
What businesses are afraid of is ALL of our taxes... everything will be taken from us to feed the troff so that politicians and bankers won't lose their assets. What we are afraid of is our country has miserably failed the populous to support a select few pigs that walk on two legs and are more equal than us.
Thereby proving they are dumber than a coal bucket.. If they would let the market find it's bottom it would self correct, provided they run the illegals out and let the labor market work from supply and demand.
For years the government has pushed cheap labor, cheap money and higher and higher home prices.
American business is afraid that *everyone* spending like a drunken sailor for 50 years is finally catching up with all of us. Everything with the words “credit” or “debt” attached to it is to be avoided at all cost, because to tie your rope to it is to be dragged down with it.
The only way out of this mess is for our economy to be divided in half, with the “real” economy being protected on one side, and the fantasy, leverage economy actively encouraged to go broke on the other side.
This means that every businessman involved in the real economy is boarding up their windows and barring their doors until after the hurricane has hit. And every leverage and margin businessman whose love boat is sinking fast, is banging on the doors of real businesses, hoping to loot them to save his own sorry rear end.
And the government is still trying to save the leverage corporations who got us into this mess. But that’s worse than futile, because they *have* to be eliminated before there is a hope for recovery.
At the individual level it means to slash your debt ASAP as well. Put those credit cards in a safe place and go back to using cash and checks at the store. It is also a good idea to keep cash at home.
The US government is on a binge of spending right now, even though its tax revenues for next year are going to be severely cut. Soon, they may run out of funds as well. They can’t throw around money if nobody will loan them money, or worse, when they call in those debts.
Wild times.
My thinking is that the price of housing will continue to fall until the average house is affordable by the average family. the govt pumping in money will only prolong the agony and distribute available housing unfairly.
However with Obama (and all that his election implies) they have decided to hold off on expansion and are just serving their current customers.
Business hires because they have a job than needs doing. If the job is getting done without hiring more people, why the hell would they want to hire someone? Business is about making a profit, not about a jobs program.
Putting aside the author’s conspiracy theories, businesses will hire when there is a strain on their ability to satisfy consumer demand. As demand ramps up, businesses will probably use temp’s at first until the increase in demand is proven to be lasting. Then, they will hire, not before.
This is not a hard issue to work out unless you’re an over-educated Liberal Arts grad who’s never learned about the real world.
Only government hires people that they don’t need!
Yes, the mountain of fear broadcast and fed in regular doses by an MSM hoping to get more income through ratings. And, of course the private minions who get off on terrorizing others through constantly harping on "run for your lives, knuckle under my thumb, because I "know".
In an area near me, a company had announced to hire. The panic is so intense, the company has had to hire security, to prevent problems in the lines forming to apply for a few jobs.
We can't even agree there is a problem.
How could we ever agree on any solution?
I do believe this house of cards is going to collapse because nobody trusts anybody anymore. Trust is the foundation of any economic system. If you can't believe you'll keep your job or that anyone knows the truth or will share the truth, you will not have any long-term faith in the system which means you won't want to buy any big-ticket items.
People buying Christmas presents are not a reliable yardstick for the long-term health of the underlying economy.
The massive buying of guns and ammo says what the people are really thinking about the future.
Dangerous and uncertain!
Atlas is shrugging, just as he did throughout the 1930's. And every time the government spends more of the non-existent taxpayer money trying to correct the problem, the economy will sink further.