I think Obama's policies have created a great deal of uncertainty which has kept down hiring. But, to be fair, the globalization of the world economy means many good American jobs continue to be shipped overseas to places like India and China. Those are jobs we will probably never see again.
I hold both Democrats and Republicans equally responsible for it the globalization clusterfuck. Both Party's have taken the corporate money and sold the rest of us down the river.
What certainty? Explain how Obama has created uncertainty. Profits are at an all time high. Why they can't hire more based on that is beyond me.
Billy, think about this from the viewpoint of an executive of a large corporation that is looking to build a brand new factory to produce "widgets" and will be hiring somewhere in the neighborhood of 2,000 people to work at this factory.
You've got obligations to your stockholders to make a profit. In truth your JOB depends on that! If you don't make the stockholders money you WILL be out on your ear.
So here are your choices when you and your team sit down to discuss this. You can build the new factory in the United States or you can build it in India or China. To build it in the US you have one of the highest corporate taxes in the world...something that's not there in India or China. So right off the bat you'll be making less profits in the US because you'll be paying more in taxes. Then one of your best and brightest analysts brings up the fact that your widget factory will be consuming a large amount of energy. he raises the specter of the EPA once again being allowed to enforce new green house gas regulations on factories. That makes everyone at the table wince trying to figure out what THAT might do to costs. Then someone else points out that the Obama Administration has stacked the Labor Relations Board with far left unionists and brings up the problems THAT will present if the widget machinist's union were to ask for mediation on wages or working conditions. Fat chance of getting a favorable ruling
there someone points out. Then another person brings up the calls for minimum wage increases and how if minimum wages go up then other wages will go up as well. You look at your head bean counter and ask for an estimate of what THAT will cost the bottom line. In response you get a shrug and a "God knows, Boss...it could be huge."
So tell me, Billy...if you were a betting man? What are the odds that factory will be built anywhere ELSE but in the US after that kind of a meeting? THAT is why jobs aren't being created under this Administration. Industry is either sitting out the recovery or they are taking their business elsewhere. That's reality.