With the Democrats concentrating on adding more labor costs (the healthcare fund raiser currently before Congress) and hearings on capital hill worried more about what the Fed is doing and the bailout of banks by Geitner, it's clear that the real cause of businesses not hiring and expanding with US labor is being ignored.
Thus, the question about where the price of gold will go.
Because, if the administration and the Congress continue on their current paths, then there will be huge debts, likely another economic downleg and in all liklihood the necessity of having the Fed cover even more of the government's borrowing costs.
None of this is good for jobs - but they just don't seem to be applying any logic. Ah well, they learned from the UAW and the other unions, so what does logic matter. It's all for immediate gratification.
Friday, November 20, 2009
Here a job, there a job - whoops, there goes another job.
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