The Angry White Guy

Real quick self Q&A

Why did the GDP go up?
One reason increased inventory

Why did inventory go up?
Reduced sales.

Why did sale go down?
Tightening economy resulting in less consumer spending

Why is the economy tightening and consumers spending is less?
Out of control government spending, high unemployment, and lack of confidence in the economy

So if inventory have increased why would an employer hire more workers?
They won’t and their hiring has stagnated

It’s simple a $5000 tax credit to entice employers to hire employees will not work as employers are not going to hire people they do not need. To hire a worker cost money and that is a commitment on the part of the employer to the worker that a credit of $5000 will not touch. Even to hire a minimum wage worker is – in most states $15,070.00 a year (2080 hours) plus benefits (social security, unemployment, health, etc) so figure about $22,500.00 in total compensation on average. So I ask what employer is going to lay out $22,500.00 per year that they don’t need to spend to reap a $5000.00 one time credit. It’s simple they aren’t.

However, I have not read the rules yet (they haven’t been written) but what is to say that a business can’t fire a worker just to turn around and hire a worker to get the tax credit? The business gains $5000.00 in tax credits and the taxpayer gains nothing, as it is a zero sum gain in the workforce.

Obama knows nothing about business, employers aren’t going to hire if they aren’t growing and selling their product and they aren’t going to grow and sell unless consumers are buying and consumers aren’t going to buy unless they feel safe in the economy, which they don’t.

Get a clue Barry or at the least get a paper route.

Tweet Buzz DIGG Facebook Ping Reddit Stumble