Creating a job is easy. Someone has an idea for a product or service, then produces it, often at quite a financial risk. They then sell the product or service for more than it cost to produce. This is called profit. Make enough profit, you can hire someone to help with the work demand. That is called creating a job. More profits mean more work demand, which means more jobs.
The problem for our Dear Leader is he doesn’t believe in the aforementioned equation for job creation because it doesn’t run through government. Government never has created wealth, nor will it ever. Government can only TAKE wealth. Obummer simply falls back on his Marxist/Socialist beliefs.
Are businesses sitting on money? Yes, and they should right now. Why risk capital when the leader of our country is doing everything in his power to take it from you, or at the very least, throw up as many roadblocks (regulations) as possible to the creation of wealth?
Mark my words, if a conservative wins the White House in 2012 and says “This country is open for business!”, the floodgates will open. The economy won’t turn around overnight but it will be roaring by 2016, which should get him/her reelected.
Kharis13
If you remember back to July 2008 when it became a vitual lock Obama was going to get the nomination, the stock market started to tank. Why? Because institutional investors and the majority of private investors were smart enough to realize what Obama was all about and they wanted no part of it. The result was the bull market, followed by businesses cutting back, contributing to increased unemployment. Through in the banking woes, which burst the housing balloon, and it was the perfect storm.
Once the business leaders and investors realize Obama will not get four more years, the USA will explode and it won't take that long to turn it around. The reason this will turn around quicker than say the Carter-Reagan transition, is because there is so much cash in the coffers of most companies, that it will be unleashed quickly, as long as the new administration and Congress decide to reward profit making, not punish it.