Willie,
You asked a question and received several legitimate explanations, along with the typical outdated liberal blather.
O No answered:
“Because they found out that by working their current staff to death, they CAN make record profits. It is a lot cheaper to pay overtime than to hire a new person.”
O No may live in the 21st century, but his mindset is definitely Victorian as most socialist ideas are. Worker efficiency studies were first made during the same period and updated since. Working an employee over a certain number of hours a day and week leads to a drop in work efficiency and mistakes. Its self defeating to exceed those limitations.
Ditzy and the Proper Propagandist took the line “They borrow money from the Fed at 0.1%, then buy Treasuries paying 3%. See how hard those "job creators" work for their big pile of money?”
Conveniently forgetting, of course, that this only applies to the banks, not the manufacturing sector, not even the investment houses. Ditzy has a certain failure to follow thru. The Proper Propagandist is all propaganda and agitprop – truth not required.
I gave you the economic reasons. FatRat gave the business reasons. However, you only replied with a few buzz words and insults. Whether you’re following in the Proper Propagandist’s mode, or simply have a failure to process information, I don’t know. Ingestion of took much Jack and weed may be an explanation.
Once more, business is in business to make profits, not sit on their money. Unlike Scrooge McDuck they don’t like to hoard it in a vault, where they may play amongst the currency and coin. Obama contributions to an uncertainty in the near and mid-term future have business leaders uncertain of how to go. Taxes are uncertain. Employee costs are uncertain. New regulations are uncertain. The world markets are uncertain. Businesses hate uncertainty. They can plan for known and projected happenings. They can’t plan when government shifts the ground they walk on at a whim.
Yes, conservatives sad in November, knowing they have to put up with Obama for two more months.