Friday, November 13, 2009

If Only He Had Taken An Economics Course In College Obama Wouldn't Say Things This Economically Illiterate

"As I’ve said from the start of this crisis, hiring often takes time to catch up to economic growth. And given the magnitude of the economic turmoil that we’ve experienced, employers are reluctant to hire.

Small businesses and large firms are demanding more of their employees, their increasing their hours, and adding temporary workers — but these companies have not yet been willing to take the steps necessary to hire again." (h/t HotAir).

Maybe, just maybe, with the looming regulatory and financial nightmares of

1) cap and trade;

2) a monstrous and unsettled "healthcare reform" bill that will impose criminal penalties and relies upon perverse economic incentives;

3) anticipated huge tax increases; and

4) an uncertain economic environment fostered by a government ready, willing and able to abrogate business contracts, take over companies, and reward political cronies with the bounty

has dampened their enthusiasm for taking on any long-term economic risks.  Maybe.

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