Latest RWTP: The jobless "recovery" is a result of stopping corruption!

[Pale Blue Dot]

My jaw hit the floor when I saw this in the Philadelphia Inquirer this morning. This has to be the most asinine reasoning I've read yet.

http://www.philly.com/mld/inquirer/business/8260243.htm?1c

The price of justice may be a slower-growing job market

But be careful what you wish for. Like many such pleasures, the spectacle of corporate evildoers brought to justice may come at a price - a slower-growing job market.

The very public examination of business' excesses has made many executives cautious. That caution may mean they refrain from dubious accounting and outrageous pay packages, but it may also mean they spend less on new products and new ideas, which means they create fewer new jobs.

Throw in some other reasons to be cautious - such as global terrorism, war, and a divisive domestic political climate - and you could have the ingredients for the current "jobless" economic recovery.

Philadelphia Federal Reserve Bank economist Len Nakamura thinks the evidence points toward executive caution - maybe even executive shell-shock - as a leading cause of our employment malaise.

:puke:

[mhr]

1. Republican Excuses, The New, New Growth Industry!

eom

[Drifter]

2. Which of course they created ...

during the Newt Gingrich "Contract on America" era.

Funny how everything bad get blamed on everything that they create.

Cheers
Drifter

[Birthmark]

3. Bwahahahahahaha!

Best laugh that I've had all week! Thanks.

[grannylib]

4. So in other words, let the greedy bastards be greedy bastards...

greed is good
greed is right
greed is moral
greed works

The mantra of the repuke party

[ixion]

5. more repug 'logic'

and I put logic in quotes, of course, because repug 'logic' is really entirely illogical. As with everything else, it is the exact opposite of what they mean, which is the defintion of irony.

Irony, hypocrisy and lies... that's all the GOP is good for, IMHO.

Companies don't hire because of the 'War on Terror'? Please. If that's so, then bring the wars against abstractions to a close, so that those of us who do not relish the role of Arm Chair General or Chickenhawk can go about trying to make a living. :grr:

[Robbien]

6. Is this what they mean by an Ownership Society

As long as the guys at the top can do what they want, the peons at the bottom will be allowed to put food on the table.