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Wednesday, May 16, 2012

Business “Uncertainty” is holding job creation back, Obama must go?

Well, that’s complete bullshit. That’s what a recent article in Bloomberg News is saying.

It appears big business is doing really well, thank you.  
Peter Orszag: Big business, we keep being told, has been so hampered by regulatory uncertainty over the past few years, it has been reluctant to hire workers. So it is surprising to read the results of a little-known survey from the Bureau of Labor Statistics: Very large businesses, it turns out, have been expanding their domestic workforces relatively rapidly. If, since January 2011, businesses of all sizes had hired at the same rate as those with 5,000 or more employees, we would have almost 4 million more jobs today.

Businesses with 5,000 or more employees expanded their workforces by an average of 0.4 percentage point a month from January 2011 to February 2012. In the same period, in contrast, businesses with 10 to 50 employees expanded by only 0.1 percentage point a month -- and those with nine or fewer employees actually reduced their net employment.
The smaller businesses we see in our communities are the ones in trouble, and they’re the ones without D.C. representation. They’re the small LLC’s and sole proprietors struggling to get by month to month. They’re also not run by rich people. Republicans always say, “you never saw anybody get hired by a poor person.” When I hear that, I know instantly that person is clueless about small businesses.

My theory may anger some, but I think as the economy continues to improve, voters will feel a bit more secure and a bit more adventurous when it comes to their vote. In the 2000 election, voters were happy with their balanced federal budget and projected surpluses. So instead of continuing the same policies under Al Gore, they felt confident enough to take a chance, so they decided to give Bush a try. What could go wrong?

The same thing is about to happen again. People are feeling better, even if they’re not really aware of their optimism. The polls actually show the race for president even, despite Romney’s incredible gaffes, flip flops, and bad policy decisions that if followed would have been disastrous to the country.

Right now the country is buying into the idea that “courage” means defying public outrage over purely bad ideological decisions. And that’s okay, because our leaders know better than the people they’re supposed to represent. And with a little gerrymandering, voter ID and Citizens United money, the game and power structure has been changed permanently.  

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