Pres BO won't like to read this one in The NY Times: Employers Say Jobs Plan Won’t Lead to Hiring Spur
"As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive.
Instead, they said they tended to hire more workers or expand when the economy improved.
Companies are focused on jittery consumer confidence, an unstable stock market, perceived obstacles to business expansion like government regulation and, above all, swings in demand for their products."
Exactly.
Businessmen are not going to hire workers because Pres BO gives a speech or Congress passes more tax revisions.
As any Econ-101 college freshman knows, businesses hire employees because of new orders, new clients or an uptick in economic activity.
Bottom line: Businesses do not hire people because they want to reelect the current president. On the contrary, presidents get reelected because they understand free market economics and let the private sector function without the burden of mindless regulations like BO-Care and the out of control EPA at war with Texas.
Last, but not least, The Dallas Morning News, a newspaper that had the good sense to support Sen McCain in the 2008 election, got it right this morning.
They think that the plan is a starting point but we need more specifics, such as "....how to pay for the jobs plan."
I agree. Let's sit down and talk to Pres BO. At the same time, I want to see the numbers behind the plan.
P.S. Check out our conversation with Frank Burke about the speech:
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