No “new news” per se … but adds some ‘color’ to the discussion …
According to John Stossel …
“Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they’ve yet to amp up hiring or make major investments.”
Today, businesses replace equipment and inventory, but they are reluctant to hire new workers.
Investment that does occur aims at replacing the use of labor by adopting advanced technology. In a growing economy, that’s a sign of progress. Freed-up workers are then available for new projects. But lately, those new projects aren’t being launched.
When new workers are potential threats because of Labor Department regulations, businesses have little confidence to hire. President Obama’s vaunted legislative record not only left entrepreneurs with the burden of bigger government, it also makes it impossible for them to accurately estimate the new burden.
“As much as I might want to hire new salespeople, engineers and marketing staff in an effort to grow, I would be increasing my company’s vulnerability to government.”
“(A)ll of these unsettling possibilities and others of substantial significance must give pause to anyone considering a long-term investment, because any one of them has the potential to turn what seems to be a profitable investment into a big loser.”
Excerpted from RCP: Where Are the New Jobs?, August 25, 2010
http://www.realclearpolitics.com/articles/2010/08/25/where_are_the_new_jobs_106876.html
The Homa Files 
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