"Frogwatch" wrote in message
...
Even in these weird times there is a lot of money looking for a home
to grow. U.S. saving rates are over 6.9% and money that used to flow
into pension plans is going into savings and money market accounts
instead. Whenever I go places, a topic of conversation is "where to
put money to get growth". However, instead of investing in activities
that produce jobs, Americans are waiting because they simply do not
trust Bozoma on the economy..Can you blame them? When businesses will
not invest and are busy laying off workers, would you invest?
Think about it. If you were a businessman and thought that your
competetition would have their debts forgiven by Presidential decree,
this would put you at a real disadvantage and you would not invest in
new business. Likewise when a person sees people having their million
dollar mortgages renegotiated to be lower, he thinks "Damn, why should
I buy and pay my way when others dont have to pay for what they
bought" so the real estate business suffers.
Businesses are reluctant to hire because they think Bozoma will punish
them for doing so. Will he saddle them with requirements for health
care for part-time workers? Maybe they should just wait and not hire
part timers, so teens cannot get jobs.
Businesses worry about huge new tax burdens from Tax and scam (cap and
trade) so they conserve cash and do not invest in workers or new
business.
With the Bozoma regime being so strongly anti-business, there is no
way any reasonable person would invest in anything that might create
jobs. Instead, any prudent person or business will reduce their
numbers of employees and conserve cash and wait for the business
climate to get better.
It is not any specific thing that Bozoma has done that has crippled
the economy but his entire attitude toward economics that strongly
discourages growth to get us out of the recession. Bozoma cannot help
himself and we will not have any economic growth until the Dems are
kicked out of office. We can look forward to 15% unemployment by the
end of the year and 20% by mid-next year.

I think what you are seeing is a distrust of US business and government
ethics. Why loan money in the US today? 1/4% interest and all the risk?
Just to have the government do a GM on bondholders? The currency is ponzi
with government printing/creating the shortfall when foreign banks have
trillions on deposit they fear dumping? It is like a game of musical
chairs, if China dumps some USD, then Saudi get ticked as their wealth
devalues. Obama promises have to cost a lot, where is the money coming
from?

You get a worker, working their tails off for the American dream and they
can't afford to get caught in a GM, Chrysler, Citibank, Lehmann corruption
.... government debt non-repayment. There isn't a credit shortage, there is
a shortage of credit score, nationally and in the currency itself! Your
average little guy knows there is no bailout for them.

Debtors run the government, and they are not paying their bills. Until
government restores fiscal sanity, this market is teatering on collapse the
likes that make 1929 look like a cake walk. US currency/government is in
essense, bankrupt and the only think keeping it up is that foreigners don't
want to take the writedown (yet).

And while nationally, people are taking home less money, working harder and
they have less to spend. Add pending tax increases, we are in for a very
long recession/depression.

And with all of Obama's hype talk, he appitimizes the free lunch and the
root causes of the USA economic demise. I don't know who said it, but the
enemy was from with-in. The US government ponzi operations pandering to
debtors for votes.