12 January 2010

Many Firms Reluctant to Hire Because of New Taxes, Regulation - CNBC


                                            photo: swampolitics.com
                                                                                                                                        
Many Firms Reluctant to Hire Because of New Taxes, Regulation
Couldn't help but take notice of the headline, and this quote, from a story today on the CNBC website:
As Washington and Wall Street grow increasingly restless about the unusually slow pace of job creation and the risk of a so-called jobless recovery, key business groups have begun to bang the drum more loudly.
Not that we haven't seen anything like that happening around the country already, right?

“To create jobs we must ease the uncertainty over tax increases as well as health, environmental, labor, legal  and fiscal policies,” (American Chamber of Commerce) president and CEO Thomas J. Donohue said in a speech Tuesday. Chamber members are predominantly small companies with ten or less employees.
Small business. And those businesses make up the largest part of our economy - and as a block, overwhelmingly our largest employer group. In other words (and economically speaking), they provide support (you know, backbone) for everything else we want to accomplish in this nation of ours. You have to ask yourself: do you like that? Or do you want it to change? Change into what, I'm asking. Because if you voted for change, this is what you're getting.

Just one year in, as President Obama's public opinion rating sinks further, faster than any president in modern times, to well down in the forties on both the approval and disapproval sides - officially into "presidential malaise" territory. My only advice is, please don't start the Rose Garden strategy yet. But you can count on this: voters are already poised for change (again). 

Sending your coalition to the palace walls on health care politics this early in your term, watching a surprising number jump off in "retirement" - really ought to give you pause for thought. And that is the "Chicago Way" isn't it? Oh, I see. We need change.

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