Saturday, October 2, 2010

Earth to Beltway: It's the uncertainty, stupid


Precisely. Until businesses know what they will be facing with all of the new rules presently under discussion, they aren't going to expand. Right now, business is basically hiring for need alone, not for expansion. And with a real unemployment rate of nearly 20% (combines reported unemployment and people who have stopped looking with those who are drastically underemployed), nothing is going to get better really until the wheel of regulation stops turning.

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