Employers Say Jobs Plan Won’t Lead to Spur in Hiring

[steve2470]

http://www.nytimes.com/2011/09/10/business/economy/in-the-real-world-will-the-jobs-plan-make-a-difference.html

The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obama’s jobs plan — while welcome — will change their minds any time soon.

That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.

The plan failed to generate any optimism on Wall Street as the Standard & Poor’s 500-stock index and the Dow Jones industrial average each fell about 2.7 percent.

As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved.

[TwilightGardener]

1. Large businesses and corporations are where they want to be--

lots of profit, less employees. It's perfect for them. I don't have much hope for decreasing unemployment, because it's the new normal. The LAST thing they're going to do is start hiring.

[bluestateguy]

2. I fantasize about a mandatory hiring law

that would force them by law to create jobs.

[nobodyspecial]

3. Of course it won't

They enjoy sitting on their billions. They want the GOP in office. How many candidates already have promoted the notion of zero corporate taxes.

[0rganism]

4. if they won't do it, the federal gov't better start ...

...or Obama's a 1-term preznit for sure.

[tblue]

8. We have the most CONSTIPATED federal government ever!!!

[demwing]

5. I say we nationalize several industries

I mean "we" as in "we the people"

Fuck these capital fascists, it's time to take matters into our own hands.

[doc03]

6. Instead of more tax cut giveaways wouldn't it have been much

better to put more into infrastructure? From what I understand the plan is 60% tax cuts, didn't we all agree that was the same mistake we made in the last Stimulus bill?

[frazzled]

7. I love the twisted logic from the business community

"The dismal state of the economy is the main reason many companies are reluctant to hire workers." Of course, the dismal state of the economy is due to these very same companies' reluctance to hire workers. Quite the conundrum, eh.

Of course, the jobs plan President Obama put out the other day doesn't depend fully on these idiots--who are waiting to hire until a Republican is elected anyway. The infrastructure spending and aid to states will definitely spur GOVERNMENT hiring, which is where most of the recent job losses have been, due to budget shortfalls locally. And the stimulative effect from the payroll tax holiday will help to turn that "dismal state" as well. What excuse will these businessmen (and I do mean men) have then?

[Hugabear]

9. well no shit. Tax cuts do not create jobs!

When will people finally wake up and realize this?