http://www.nypost.com/p/news/opinio...a_routing_the_recovery_zneMnksB1VnHzSS7QmuhnL
How Obama's routing the recover
By CHARLES GASPARINO
Posted: 1:56 AM, January 11, 2010
So, despite all the money spent on stimulus, the economy continues to lose jobs and unemployment remains at a staggering 10 percent. That grim news appeared to catch the Obama administration by surprise last week -- but it shouldn't have.
The number-crunchers at the Treasury Department have been celebrating what appears to be the end of the Great Recession as told through rising GDP, higher business profits and a buoyant stock market. But owners of small businesses -- the usual engines of economic growth -- are still refusing to hire back workers as they normally do when the economy turns up from a sharp decline
Talk to them, and they'll gladly tell you why: Having weathered the recession, they now fear the administration will choke off the nascent recovery and increase their costs through higher taxes to pay for the myriad of programs President Obama has in store for us, including the hyperexpensive health-care overhaul.
How Obama's routing the recover
By CHARLES GASPARINO
Posted: 1:56 AM, January 11, 2010
So, despite all the money spent on stimulus, the economy continues to lose jobs and unemployment remains at a staggering 10 percent. That grim news appeared to catch the Obama administration by surprise last week -- but it shouldn't have.
The number-crunchers at the Treasury Department have been celebrating what appears to be the end of the Great Recession as told through rising GDP, higher business profits and a buoyant stock market. But owners of small businesses -- the usual engines of economic growth -- are still refusing to hire back workers as they normally do when the economy turns up from a sharp decline
Talk to them, and they'll gladly tell you why: Having weathered the recession, they now fear the administration will choke off the nascent recovery and increase their costs through higher taxes to pay for the myriad of programs President Obama has in store for us, including the hyperexpensive health-care overhaul.