Don’t bother us, we’re busy...
The current theory is that the rich people should not be inconvenienced by the demands of comity because they're the ones who are providing jobs for the rest of us. Those jobs should be kicking in any time now, because we lowered the taxes on the rich people several years ago. There should be so many jobs by now that they're just loitering in gangs, making nuisances of them selves.... hedging our bets ...
Murr Brewster - Murrconomics
Where are the jobs? Honestly, boards and business owners are holding back because they feel that the current administration chooses winners and losers in the marketplace. Without fully understanding their future costs, or if they will draw the ire of Obama, they find it safer to sit on their cash.... and besides, there's no jobs because there's no customers...
Comments from the Heathen Republican who provided the link: Why Business Isn't Getting In the Game.
Big American companies are sitting on almost $2 trillion of cash because there aren't enough customers to buy additional goods and services. The only people with money are the richest 10 percent whose stock portfolios have been roaring back to life, but their spending isn't enough to spur much additional hiring.…and, come to think of it, we don’t need any workers anymore either.
Robert Reich: The Obama Budget: And Why the Coming Debate Over Spending Cuts Has Nothing to Do With Reviving the Economy
…our most admired corporations -- GE, Apple, Hewlett Packard, Intel -- are creating ever more jobs overseas and relatively fewer at home. This has the double benefit of taking advantage of cheap labor abroad and disciplining workers to accept low wages at home. Along with the high unemployment rates have come declining earnings… In 2001, 32 percent of the income of the firms on Standard & Poor's index of the 500 largest publicly traded U.S. companies came from abroad. By 2008, that figure had grown to 48 percent.So even though corporate profits are soaring, that does not translate into jobs for Americans because corporations don’t need Americans any more to either buy their products or even make them any longer and anyway middle and lower class Americans are really nothing more than poker chips for the wealthy to play with.
Robert Kuttner - Business Doesn't Need American Workers
My own diverging theory is that the Republicans will do anything to prevent the jobs numbers from going up anytime during the Obama administration least he end up getting credit in the public eye for improving the economy prior to the 2012 elections.
Ok, so sometimes I am a cynic when I should be a skeptic. I’m calling your bluff.
Murmers – a very well-written humorous blog with topics ranging from the latest poop on the economy to the latest poop on, well, poop.
The Heathen Republican – in a more serious vein; a thoughtful, rational and well-documented perspective of the Republican policy stance.
Robert Reich's Blog - A totally brilliant man, Berkeley professor and Clinton's former Secretary of Labor.
Or if you still perfer the low-brow approach, you certainly can continue to read this blog.