Jim Willie - U.S. Hurtles Toward System Failure

ksammut

U.S. Hurtles Toward System Failure

jmski52

Definitely worth the read. He's not the raving maniac that some make him out to be.

streeter

Comments by economists continue to center on consumer spending and desired job growth, without any mention of business investment and reduced regulatory impediments

Businesses are like tomato plants.

You give a tomato plant good soil and plenty of water and sunshine and keep the pests away--you're going to harvest tomatoes(sorry Dan Quail) in 60 days. You may have to contain it from growing wildly with a lattice but it doesn't seem to mind. I'm reminded of this as my plants are like weeds right now and 20 days ago I could count the individual tomatoes, now I don't bother to count.

Right now, businesses are not being given a good environment to grow. If the federal regulatory claw doesn't get you, the state or local one will. Taxes, stupid hoops to jump through or crime...doesn't matter...there is just too much for the average person to deal with.

There are a lot of small businesses(under 100-200 employees) where the owner(s) find little niches in the market place and run with their gut instinct. Not happening as much as it should right now. That's one reason this economy is not seeing the confidence level it should. In the depths of this recession, there is a large, willing albeit not very skilled labor pool willing to work. People are just not hiring. The REGULATORY & TAX CLAW is waiting to fee us to death. IMHO, it's a standoff. Do I hire or do I wait to see if GOVT backs down with their confiscatory attitude.

When the govt changes it's attitude, I may hire. But not before. I can wait. The govt will implode before I change my mind. We shall see. I need to see the govt gain some sanity. I don't see it right now.

ksammut

<< <i>Definitely worth the read. He's not the raving maniac that some make him out to be. >>



I believe everyone who cares about this country and is concerned about protecting their family's wealth, should read each of his articles.

OnlyGoldIsMoney

<< <i>Comments by economists continue to center on consumer spending and desired job growth, without any mention of business investment and reduced regulatory impediments

Businesses are like tomato plants.

You give a tomato plant good soil and plenty of water and sunshine and keep the pests away--you're going to harvest tomatoes(sorry Dan Quail) in 60 days. You may have to contain it from growing wildly with a lattice but it doesn't seem to mind. I'm reminded of this as my plants are like weeds right now and 20 days ago I could count the individual tomatoes, now I don't bother to count.

Right now, businesses are not being given a good environment to grow. If the federal regulatory claw doesn't get you, the state or local one will. Taxes, stupid hoops to jump through or crime...doesn't matter...there is just too much for the average person to deal with.

There are a lot of small businesses(under 100-200 employees) where the owner(s) find little niches in the market place and run with their gut instinct. Not happening as much as it should right now. That's one reason this economy is not seeing the confidence level it should. In the depths of this recession, there is a large, willing albeit not very skilled labor pool willing to work. People are just not hiring. The REGULATORY & TAX CLAW is waiting to fee us to death. IMHO, it's a standoff. Do I hire or do I wait to see if GOVT backs down with their confiscatory attitude.

When the govt changes it's attitude, I may hire. But not before. I can wait. The govt will implode before I change my mind. We shall see. I need to see the govt gain some sanity. I don't see it right now. >>




Streeter, excellent post. Instead of government unobtrusively supporting businesses the regime in Washington has taken on an increasingly adversarial stance.

I know many small businesses that will not hire since they cannot predict the cost of employing people in this environment.

Businesses are hunkered down. Many small businesses (like myself) are choosing not to hire. They adopt the view of "Keep it small - Keep it all".

57loaded

the housing sector, is such a huge factor.

derryb

<< <i>the housing sector, is such a huge factor. >>


Don't forget the derivatives market, most of which is tied to housing. It was all the side bets that did us in, the action on the poker table required physical "chips."