Everybody is wondering where the jobs are?
Every time you see a story about why more hiring isn’t going on, the reporters always seem to be talking to this or that manager of a major investment firm. The lead figures of these investment firms always begin talking about companies levels of uncertainty, with Washington, with debt crisis in Europe, instability in the markets. See this.
But why aren’t they talking to the guy who owns the hardware shop down the road, or the steam cleaning service, or the dog grooming/boarding company or the widget manufacturer or any of the thousands of small business across the country that employ the vast majority of Americans. It isn’t because they can’t get loans; loan requests by business are down. And who needs a loan when American businesses are sitting on bucket loads of cash? Continue reading