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Monday, August 30, 2010

Private sector responsibility.

While those of us that follow the political news in this country watch and listen, sitting quietly on the sidelines is the capitalist engine known as corporate America. We listen to their whining about uncertainty, not knowing what the regulations will cost them, how much will health care reform cost, how will the new credit regulations affect them etc. etc. They complain while they build up amazing stockloads of cash, pay dividends to the shareholders and declare collectively, record earnings at levels not seen since 1988. They encourage the mean spiritedness of the political scene by complaining and blaming Obama and the Congress for failed economic policies. These companies are run by smart people who can easily estimate the costs that may be incurred by recently passed legislation. They can take these estimates and do what they always do, pass them on to the consumer and to their employees. Instead of whining, they should hire people. They certainly need the labor as evidenced by increasingly long work weeks and increasing amount of overtime being paid out to current workers. Instead of sitting on the sidelines, lobbying against any regulation at all, against any legislation that may cost money and encouraging the nastiness of the debate, if they really cared about the country, they would put people back to work. It isn't the Government's job to find you a job, but to put conditions in place that allow the capitalist engine to make money and thrive. The government has done their job. Now it is time for the private sector to do theirs. Where are you Americans for reason and truth?

1 comment:

  1. Well-stated. Corporate America is holding onto their money, squeezing it like Silas Marner. They bemoan government intervention and thwart anymore jump-starts by government to the economy. If they were to begin re-hiring, even on a small scale, it could be a win-win for all. Their mindsets, however, will not allow this. I agree whole-heartedly that government has done its job. Where then, is the private sector?

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