shmoopatties wrote >>
Might not big business be realizing that, in getting what they wanted from the GOP, incrementally over 30 years, they have destroyed the economy and the nation? They face the Apocalypse in the only way they know how - by attempting to hoard all the chips, as the table is vaporized.
Considering that the Democrats have held Congress since 2006 and the White House since 2008, trying to blame all our economic troubles on the minority party is a hollow exercise in partisanship that will only get more hollow (but no less partisan) with time.
Also, fiscal conservatives had very little to cheer about with respect to the GOP performance since 2000. The GOP spent almost as lavishly and imprudently as the Democrats have.
Finally, while I think the metaphor is more than a little extreme, isn't hoarding one's resources in response to the apocalypse extremely natural and sensible? If I knew that a zombie apocalypse was imminent, I would stockpile everything I could, and would be much less inclined to share it with my neighbors than I would in happier times.
Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they've yet to amp up hiring or make major investments -- the missing ingredients for an economic recovery. ( http://shorterlink.org/19469 )
Businesses won't create jobs unless they see signs that consumers have resumed spending. Consumers won't be spending as long as they have nothing to spend. There is a way to break this loop. And it ain't by worrying about the National Debt.
This line of argument is addressed here. Uncertainty makes savers of those with the ability to save. You can't expect corporations to suddenly start taking risks that they can't even evaluate.
This line of argument is also foreclosed by simple common sense. If the ability of consumers to spend really drove the economy, then why not just print $1 million for every man, woman, and child in the country and hand it out? Why are the countries that redistribute wealth with abandon some of the least prosperous on the planet?
I will add this: gramarye's blah-blah-blahing is f-ing comical to the vast majority of us who are less concerned about our portfolios and our 'prime earning years' and more concerned about our ability to have ANY job and gather together enough spare change for a gallon of milk and a loaf of whole wheat. It's comforting to know that you're not all that worried about the value of your gold stockpiles shrinking a little.
"Vast majority?" Again, hyperbole.
Also, I am not concerned about the value of my gold stockpiles shrinking because I don't own any. My post above was simply meant to state that I still have faith in the power of American enterprise, even in spite of fierce competition from overseas and the ascendancy of the economically ignorant in Washington. Gold is what you buy when you lose faith in the country, public and private sector alike.
RSS
Twitter
Facebook
YouTube
Launched in August 2010, TheMetropreneur.com is a local online resource devoted to small business development and entrepreneurship. Its aim is to tell the stories of Central Ohio's business community, foster regional economic development and assist entrepreneurs with its resource-heavy focus.