So it begins. Most talking heads on the business network, CNBC, but particularly Mark Haines and Erin Burnett, have been turning up the heat on corporations for "hoarding" cash instead of hiring people.While the economy rots, corporate profits are at a record. Heartless bastards! CNBC being a GE company, and therefore Progressive in its leanings, may be floating an Obama trial balloon - an excess accumulations tax, perhaps. We'll see.
Got a news flash for you, CNBC: businesses are formed to make money for the owners. Period. Employment is a byproduct of a company's success. It is not a societal responsibility. Okay, Progressives, you're turn. Lean closer. I have a secret for you. Ready? Since cave days, businesses have found ways to get more done with fewer people. No, I'm not kidding. It's called productivity, and higher productivity increases profits. What happened to those poor people who got fired? Who paid their bills and kissed away their tears? Gee, I don't know. How about this? Maybe they learned a new skill, one that some other business needed, and they lived happily ever after.
For the entire Obama administration, businesses have been in a defensive crouch, hands over their ears, eyes squeezed shut. Almost weekly, an industry was selected for condemnation, their leaders paraded in front of the cameras and set into the stock. TV cameras weren't allowed into the health care deliberations, but they were hardly scarce for the public scourging of those enemies of the people. Along with character assassinations of their executives, businesses have also been bombarded with two years of indecipherable new regulations and unquantifiable tax burdens.
So,you craven capitalists, why aren't you hiring? The Leader needs you to blindly risk your nest egg so the unemployment rate will drop and his wealth-destroying policies can seem effective, at least until he's slithered into a second term. I'm warning you, if you don't open those purse strings voluntarily, he's coming for you. After all, it isn't really your money. Is it? Not when the collective needs it so badly.
Be afraid. Vote them out.
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