[Seaplaner]

It really seems like the big problem is not so much layoffs as it is a lack of hiring. Thus the high numbers of long-term unemployed.

Writer James Pethokoukis is plainly wrong about layoffs not being a devastatingly large problem.

That said, the high numbers of the long-term unemployed are easily explained by the Marxist Obama administration's (and the Dem Congress') outright hostility toward the producer segment of the economy. No sane business owner would be hiring seeing the storm clouds of socialism on the horizon.

This high number of unemployed thingy is nothing less than a lost jobs QUAGMIRE, and taxing the productive engine of the economy to death will not hire back one peep.

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[Son House]

It really seems like the big problem is not so much layoffs as it is a lack of hiring.

Your right, lay-offs have been huge, thus the writer gets the impression from Bernstein that "lack of hiring" is worse than the lay-offs

[Son House]

Just wanted to fill you in

[randita]

No sane business owner would be hiring seeing the storm clouds of socialism on the horizon.

You're right. Without knowing the toll Obamacare, cap and tax and increased federal or corporate taxes will take on them, businesses are just hunkering down.

With an economy that is 70% consumer based, it's hard to envision a rapid recovery with so many people out of work and those who still jobs doing a lot of belt tightening.

Businesses with a global presence seem to be doing okay - so far.