Originally posted on 03/11/2013:

The govt or Bush didn't give us our big unemployment record, we did. 'bama's policies probably aren't
giving employers a reason to hire either. It's the cycle of the economy that put us into this mess.

When interest rates dropped like a rock in 2000, I knew something was up. Consumer spending was
nonexistent. People had enough with their debt and were paying it off.

When people don't spend, there's no demand. Companies slow down and lay off. Add in the housing bubble
and two wars, you have a disaster in the making. People fear for their jobs and save instead of spending.

During that time, companies have cut the fat and are more efficient with huge profits. Good for them, bad
for us. When they do hire, it's low paying part time/ no benefits work. Again, good for them, bad for us.

With the market going through the roof, they are investing in that instead of themselves. Think about it,
they pay 15% in taxes instead of 40% per employee. Jack up the cap gains tax and watch hiring take off.