[and judging by the job listings even at banking basket-case Citigroup, people are finding work on Wall Street.]
Posted on 06/03/2011 4:25:04 AM PDT by SeekAndFind
Wall Street economists I speak to feel pretty confi dent that -- for all the news about housing prices falling, gas prices rising and the stock market zig-zagging and a possible downgrade of US -- the chances of a "double dip" recession are pretty remote. After all, companies are still profitable two years after the financial collapse, and judging by the job listings even at banking basket-case Citigroup, people are finding work on Wall Street.
But that doesn't mean the broader economy, defined by how many people are working, is getting noticeably better anytime soon. In fact, don't expect any major hiring sprees by corporate America in the next two years -- and, if policies don't change in Washington, possibly not in our lifetimes
The problem for the average American worker: Businesses have learned to make money by cutting costs (i.e., jobs) or relocating to China and India. And it's not merely that it's cheaper to operate overseas; a huge part of the problem is the fear that it's going to keep getting more expensive to hire here.
Both small-business owners, and analysts who cover these companies tell me that many American businesses would like to stay here, but they see no letup in sight in the endless stream of taxes and regulations coming from an administration most of them consider anti-business.
And now the weakness of the Republican presidential field raises the chances for President Obama's re-election in 2012 -- and even more Washington-imposed woes.
(Excerpt) Read more at nypost.com ...
Where would anyone get that impression?
Try to create a five-year-plan for your business. Please.
I just canned two people and replaced them with outside contractors, which will save my company 50% on labor costs.
No FICA, no 401-K, no medical, no vacation, no problem...
Bonus: They were both Liberals!
5 years is not long enough, nor is infinity. $14 trillion in debt + $1+ more trillion every year.
Taxes should keep increasing... forever at that rate.
And regulation increasing as well.
Need to lop off big chunks of gov’t payroll.
Don’t show that graph to Anthony Weiner.
He’ll deny its his.
LOL.
An exit tax and an unemployment tax would change THAT concern in one he!! of a hurry! /s
There is always a tax that can cure any economic ill.
I can't stand to watch Fox anymore.
Best show 9:20 Varney and Company. Thank God for them.
is it just me or do other businesses realize that the increasing government deficits mean higher taxes?
The ‘productive/achievers’ understand the majority of the voters expect their representatives to reward them for their support and are preparing accordingly.
This is the new normal.
Five year plan? How about a five month plan. The marxists in dc have created a cone of uncertainty that we cannot plan out much of anything.
Charles:
The only things weak here are:
Your pulse
The article
Barack Obama.
We already have an unemployment tax.
I do not know if there is any fix.. this is the “new normal”
The last 3 administrations pushed industry out the door.. companies have realized that labor costs and regulations are more favorable in the 3rd world ... we do not make anything here anymore.. a nation of consumers will never prosper..
All those “worthless” industrial jobs actually kept this economy going.. take the middle class blue collar worker out of the picture and so goes a large percent of pink and white collar mix
There are no political heros in this.. they all own it.. and we need to live with it and stop pretending that anything but a willingness to impose fees on imported goods can reduce the deficit and prompt industry to perhaps move some production back here..
Neither part is willing to do this and risk thew wrath of WTO or more importantly their doners
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