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Posted: 9:10 a.m. Wednesday, Sept. 29, 2010
By Neal Boortz
Speaking of competitiveness, a Business Roundtable survey reported yesterday that American CEOs are now less willing to hire new workers as they fear sales growth will slow. While revenues remain meek, profits have increased over the last year as companies have cut costs and laid off workers. With taxes set to increase in 2011, these companies could be looking at smaller profit margins.
All things considered, profits are up. So why aren't these companies re-hiring workers? I'll tell you why: Barack Obama and the Democrats and the uncertainty that they bring for our economic future. But liberals don't see it that way. What do liberals believe? Well let's turn to MSNBC host Chris Matthews: "You think business can sit on those billions and trillions of dollars for two more years after they screw Obama this time? Are they going to keep sitting on their money so they don't invest and help the economy for two long years to get Mr. Excitement Mitt Romney elected president? Will they do that to the country?" Yup ... the reason these companies are just sitting on their money is because they are conspiring to get Obama out of office and elect Mitt Romney. All of these companies, collectively, in unison are willing to "sit-it-out" and waste precious time that could be spent earning money .. but they are willing to sacrifice this time and money just to "screw Obama!"
Sounds like a plan!
But just what does "sit on their money" mean? Is the money stuffed into the cushions of board room sofas? Hardly. That money is in stocks, bonds, money market funds, investments of various types. At the very worst it is sitting in checking accounts; and even there it is helping to boost the reserves of the banks so that more money is available for borrowing. Trouble is ...businesses just don't want to borrow! As I told you yesterday, the National Federation of Independent Business reports that 91% of its members are not looking to borrow any additional money right now. And why not? Obama and the Democrats, that's why not. They are not in the mood to put their money at risk .. on the line .. when they know full well that the ruler of this country and the junta he commands harbors an intense dislike for the private sector. Sit it out? Damn right. That's the prudent course of action.
Like it or not, my leftist friends ... but this incompetent hack you put into the White House is slowly destroying this country. Hopefully enough voters will remain awake for the next five weeks so that he can be rendered politically impotent.
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