CEOs less willing to hire, sales a worry

[CARLHAYDEN]

CEOs less willing to hire, sales a worry

 (Reuters) - U.S. chief executive officers' view of the economy darkened in the third quarter, with top executives saying they were less willing to hire new workers as they fear sales growth will slow.

www.reuters.com/article/idUSTRE68R2Y620100928

[CARLHAYDEN]

Carl, what was the point of this thread? All this shows is that continuing high unemployment is being caused by poor demand. How shocking.

Several points.:

First, the so-called 'mainstream media' has been pushing the 'recovery' idea for months, contrary to the facts.  Week after week after week the media gives out the 'unexpected' line for bad economic news.

Second, in addition to the public having little confidence in the immediate economic future, executives share that realistic assessment.  I cited the public mood in another (earlier) thread.

Third, Obama and his minions in the so-called 'mainstream media' have been pushing the line that employers are not hiring for political reasons.  Whereas as the article points out, it is based on anticipation of poor revenue.

[CARLHAYDEN]

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You think a President and the Government shouldn't keep an optimistic outlook? Do you have any idea how much further confidence would go down the drain and worse off we'd all be if we had the President, Fed Chairman, etc. telling people that the economy was going down the drain?

They're doing their job.. incorrect or not.

Sorry, but I think that the President and other parts of the government, including the Fed Chairman should tell us the truth, rather than feeding us optimistic nonsense.

[CARLHAYDEN]

Sorry, but I think that the President and other parts of the government, including the Fed Chairman should tell us the truth, rather than feeding us optimistic nonsense.

C'mon CARL, all Fed Chairmen are cautious with their words and error on the side of optimism......one gloom and doom sentence from a Fed Chairman and markets worldwide could plunge.

And Presidents?  LMFAO........every one of them feed us optimistic nonsense.

Look, happy talk just doesn't work.

Ford tried it, Carter tried it, Bush I tried it, and it all failed.

While you may prefer "optimistic nonsense," I would prefer the truth.

[CARLHAYDEN]

Guys, its very simple.

When government officials make overly optimistic projections on the economy, they end up losing credibility.

A lot of people remember when Obama told us that if Porkulus was passed, unemployment wouldn't be higher than 8%.

Biden told us a few months ago about 'recovery summer.'  Well, summer has come and gone and people aren't buying it.

When Ford came up with his absurd Wip Inflation Now program, he was rightly rediculed.

When Carter tried to blame the economy on 'malaise,' he was a laughing stock.

I can cite more, but hopefully, you get the drift.

[CARLHAYDEN]

Guys, its very simple.

When government officials make overly optimistic projections on the economy, they end up losing credibility.

Theirs a big difference between losing credibility and actively telling people they're doomed/good luck with it. Governments can lose credibility but the second they tell the truth to Wall Street things only get worse.

There is, also, a difference between admitting theirs a serious economic problem and actively encouraging the economic downturn with the full blunt of the bad news.

You continue to misrepresent my point.

I am not urging government officials to tell people "they're doomed/good  luck with it," as you suggest, but rather they admit there is a serious economic problem, and propose reasonable measures to deal with it.

You seem to believe, in the famous movie line that the people of the United States "can' t handle the truth."  I disagree.

[CARLHAYDEN]

Guys, its very simple.

When government officials make overly optimistic projections on the economy, they end up losing credibility.

Theirs a big difference between losing credibility and actively telling people they're doomed/good luck with it. Governments can lose credibility but the second they tell the truth to Wall Street things only get worse.

There is, also, a difference between admitting theirs a serious economic problem and actively encouraging the economic downturn with the full blunt of the bad news.

You continue to misrepresent my point.

I am not urging government officials to tell people "they're doomed/good  luck with it," as you suggest, but rather they admit there is a serious economic problem, and propose reasonable measures to deal with it.

You seem to believe, in the famous movie line that the people of the United States "can' t handle the truth."  I disagree.

Hasn't Obama been doing that?  That's how he got what you call Porkulus passed (though many don't find it reasonable).  He hasn't been rosey, in fact he's said it's bad and blamed Bush at every turn.  President's mix some truth and politics.

The Fed Chairman though needs to temper his words though and you know this.......if he passes gas wrong markets react worldwide.  You just have to pay attention to what he's saying to hear it's bad, but he's never gonna make statements a President would.

No, Obama has NOT been "doing that."

Porkulus was a liberal spending project rather than a genuine stimulus package.

Obama largely ignored the economy for much of his term and had Biden tell us about "recovery summer."

Oh, and yes, Obama blames Bush for everything that goes wrong and doesn't take responsibility for his own action and inactions.

Finally, the Fed Chairman is actively engaged in a coverup of Fed activities, which has resulted in a lawsuit by Bloomberg News, which is wending its way through the federal courts (Bloomberg won on the appealate level).  I have posted on this previously here.

[CARLHAYDEN]

I should know better than to engage here, but....

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Since he started he's proposed a stimulus, increased availability of small business loans (via the SBA), an infrastructure spending bank, and continued tax breaks (albeit only for the middle and working class). Now to me he should have done a lot more when he had a chance, but he's proposed a few "reasonable measures" at the least.

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Without harping on the meme, what would a genuine stimulus package have looked like to you?

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Your right that's not fair. He should mix taking responsibility for his own actions and failures with demonizing Alan Greenspan.

When it was pending before Congress, I posted a table of contents, and analysis of Porkulus.  The bill was not a stimulus program, but rather a lot a spending for liberal programs.

A genuine stimulus package would have included much more money for infrastructure, particularly transportation, and a lot less for liberal social programs, for one example.