Friday, April 30, 2010

Anyone Interested in Economic Recovery?

The Obama Administration seems not to understand that there is a recession going on.

To repeat the obvious: employers do the hiring in the private sector. If employers aren't enthusiastic about the future, they are not going to be hiring. Does the Obama crowd understand this?

Instead, the "war on business" continues. The media suggests that, in an effort to bail out their woeful November prospects, this Administration has decided to further demonize Wall Street and the business community. Maybe that will get them a few more votes. It might. But, it will continue to have a depressing effect on our economic prospects.

Job number one is jobs. That is where the Administration should have its focus. Unemployment is the single most important problem the country faces.

I guess since the Obama folks have jobs they don't care about the rest of the country. It sure looks that way.


A. Barrow said...

Uncertainty is the anathesia of economic recovery. There is uncertainty about the impact of the health care bill on business, uncertainty about gov't regulation, uncertainty about taxes. Capitalism is about risk. Uncertainty makes risk taking ill advised. Hence, little or no job formation. I also think it's harder for a service based economy to recover than a mfg. based economy. I would be interested in your views on this subject.

A. Barrow said...

The economy is recovering. BHO says so.