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Old 08-11-2010, 09:59 AM  
BFT3K
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Join Date: Dec 2005
Location: Narnia
Posts: 10,764
Quote:
Originally Posted by Sly View Post
I strongly disagree. I know plenty of private investors that are sitting on very safe investments right now and nothing else, they aren't willing to risk at all because things are so uneasy right now. It's not just healthcare... its all sorts of stuff all wrapped up into one uneasy bundle.

Our industry is a pretty good example of this. There are plenty of people with money sitting around, but they aren't spending it. Most see the future of our industry being very shaky, even "dying." Instead of trying out new projects and investing that money, they just sit and wait. In the past, people were willing to shell out money for traffic, sites, programming, designs as soon as it came in because they felt comfortable predicting what the future holds.

Companies don't hire just because people are "needed." They hire to test out new products, to do new research, to try new experiments. That's the kind of hiring we could use right now. Not until these people feel somewhat safe will they start doing that.
And a 4% to 5% tax change on the upper income brackets will change that scenario? Give me a break!
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