Posted by
Corthell on Sunday, December 06, 2009 3:14:35 PM
''President Obama can authorize billions to banks, put pressure on mortgage holders to cut deals and open the nation’s wallet wide for clunkers. He can even hold a farcical “Jobs Summit” to put a dent in that 10% unemployment rate.''
What he can’t do is get out of his own way.
Why aren’t businesses hiring? Because they don’t know what’s next. The small shop owners, mid-size company budget planners and corporate strategists — they all look ahead and see nothing but questions and worries. What will the massive new health care bill cost? Will there be cap-and-trade taxes after the Copenhagen summit this week? What domestic priority will Obama push next? If you don’t know what a new employee will cost you in 2010, the last thing you want to do is hire one.
“Shovel-ready” stimulus jobs have fallen far short of expectations, as most of those dollars haven’t been spent. The positions that were created, meanwhile, aren’t the ones that support sustained consumer spending, the juice our economy needs. http://www.nypost.com/p/news/opinion/opedcolumnists/obama
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