I wonder if the people making decisions around the world in the business community actually have any common sense.

If you think through the situation that we are in, logically, it would make more sense for businesses to expand their operations, increase their hiring and production, and spend money in an economic environment such as we find ourselves in.

Why? Every job that is lost is another income being taken out of the marketplace. Instead of having discretionary income to spend on products made by companies that are laying people off, the jobless find themselves in survival mode and spend only what is absolutely necessary to get by. Then the media creates a panic by hammering us daily with the news of how bad the economy is and how bad businesses are hurting.

HELLO..wake up and smell the coffee..Corporate boardrooms are the only place that layoffs prove to be a benefit. Instead of sticking by the people who create the dollars that pay their overinflated paychecks, these goons are quick to let people go, not realizing that they are making a bad economic situation worse. Instead of whoring themselves out to wallstreet analysts in pursuit of higher stock prices, why don't they grow some spine and step up and run their own businesses?

Simplistic? I don't think so, but it does take common sense to run your own company and not let some millionaire brat boy on wallstreet make your decisions for you because you're afraid of him giving your stock a "sell" rating.

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Comment by Brian Blad on January 23, 2009 at 10:53am
Anyone seeing anything that might be giving them an indication that we've reached the bottom? My industry has dumped nearly 16,000 jobs in just the last two days. I'm hoping it does not get much worse. There are really not that many people left to cut.
Comment by Chris Gammon on December 17, 2008 at 4:26pm
Businessmen have a tough time making decisions without a stable market. Right now the government is doing everything it can to repeat what Hoover and FDR did to create and maintain the depression. It's time for them to do nothing and get out of the way. Unfortunately I think it's too late, and it'll be two years before we get another chance to do anything about it.
Comment by Jim Werbaneth on December 17, 2008 at 12:22pm
I did some work about twelve years ago for a medium-sized business near hear, general clerical stuff, but I spent most of my time with the owner. His business did building improvements and remodeling for industrial sites; he was the guy to call if you wanted a new roof on a foundry, or windows on a warehouse.

George hated the idea of going to a service economy with nothing but crap-paying jobs for just that very reason. I'll always remember his reasoning: "In a service economy, we'll have nothing left to do except press each others' pants."

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