Why are corporations not hiring? When corporations have money and their inventories are low, typically they rehire.
Could it be that the mood is to create a little dissatisfaction going into a November election and help bring in the Party Of Business.
CNN: GDP report: Sharp slowdown in economic growth
Some economists said the weak report could prompt the Obama Administration and Democrats in Congress to push for additional federal action to try to spur the economy.
"The case for more action from policymakers to support the recovery and return the job market to health is now overwhelming..."
...corporate profits rising to a level not seen since 2006 should put businesses in a good position to eventually start adding workers.
2 comments:
Were in a vicious downward spiral. Big Biz wants it's A-team flunkies ( the GOP) back in the saddle in DC and are more then willing to just sit back and wreck everything to get what they want. Obama ever the compromiser just doesn't get these people. So it's looking more and more like after Nov. we'll be seeing a return to the bad old days of Goper rant daily and maybe when they Impeach your sorry ass Barry you'll get it then?
Good point, they would impeach him, but I don't think they will get 60 Repubs in the Senate. It could turn into another dog and pony show which from the Republican point of view is desirable.
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