Sunday, November 1, 2009

Wall Street / Business Community Idiots

The Dow Jones Industrial Average went down 249 points on Friday. I was watching CNBC and the "analyst" they were interviewing said that "the market" was worried that consumers would not start spending. Maybe that's because consumers are worried that the business community would not start hiring?

It seems we're in a vicious circle here! Which "side" is going to blink first? There was a time when the business world realized that people had to work, had to have an income in order to afford the stuff they make and sell. Now it seems the business community wants us to just run up a pile of debt again to buy the stuff they make and sell. They need to do their part, show some cojones and start hiring again. Quit expecting the government to continually bail you out!

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