Excerpts from October 18, 2010 Time magazine article ---
http://www.time.com/time/magazine/article/0,9171,2024234,00.html
"The Uncertainty Principle" By Zachary Karabell
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"Consumers don't believe the recession is over, businesses aren't hiring, and the stock market has been stuck in neutral, except for manic-depressive mood swings. But there is a bull market in uncertainty"
"The explanation of many businesses is blunt: We aren't hiring because we're uncertain about gov't policy"
"Well, poppycock. Large businesses aren't hiring for basic reasons. they are highly profitable even with fewer workers. They have spent billions on technologies that have made them more efficient and productive...Small businesses aren't hiring because economic activity is muted, consumers are paying off debts while saving more and spending somewhat less"
"The business community and its lobbyists and political allies --- Republicans mostly, with a fair number of Democrats --- don't want to acknowledge the real reason for the lack of hiring because that would make them responsible for solutions."
"The uncertainty mantra is yet another example of the blame game thas become endemic in American life. it's always someone's else's fault, and government makes an easy and familar target."
"The fault ...is in ourselves, no matter how much easier to point the finger."
************
BACKSLIDING!
We're stubborn as a mule...everytime there are opportunities to move forward we 'back slide' seemingly unable to "resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long."
http://www.time.com/time/magazine/article/0,9171,2024234,00.html
"The Uncertainty Principle" By Zachary Karabell
************
"Consumers don't believe the recession is over, businesses aren't hiring, and the stock market has been stuck in neutral, except for manic-depressive mood swings. But there is a bull market in uncertainty"
"The explanation of many businesses is blunt: We aren't hiring because we're uncertain about gov't policy"
"Well, poppycock. Large businesses aren't hiring for basic reasons. they are highly profitable even with fewer workers. They have spent billions on technologies that have made them more efficient and productive...Small businesses aren't hiring because economic activity is muted, consumers are paying off debts while saving more and spending somewhat less"
"The business community and its lobbyists and political allies --- Republicans mostly, with a fair number of Democrats --- don't want to acknowledge the real reason for the lack of hiring because that would make them responsible for solutions."
"The uncertainty mantra is yet another example of the blame game thas become endemic in American life. it's always someone's else's fault, and government makes an easy and familar target."
"The fault ...is in ourselves, no matter how much easier to point the finger."
************
BACKSLIDING!
We're stubborn as a mule...everytime there are opportunities to move forward we 'back slide' seemingly unable to "resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long."
"It's time for media, pundits, leaders, and general citizentry to understand "the ground has shifted beneath them, that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works...What is required of us now is a new era of responsibility -- a recognition on the part of every American that we have duties to ourselves, our nation and the world;" Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations...As hard as it may be, as uncomfortable and contentious as the debates may become, it's time to get serious about fixing the problems that are hampering our growth." --- President Obama
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