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.