Originally Posted by Pony Boy
We have reached a point where there are more people in the wagon (Obama voters) than pulling the wagon (Romney voters). Major Corporations and small business owners realize that Obama will probably be re-elected and are preparing to survive another four years of Obama's self destruction of the American economy. Cash will be hoarded and expansion and hiring of new employees will be put on hold. There will be some jobs added as companies rid themselves of older higher paid employees and replace them with desperate employees willing to enter the work force at reduced wage levels.
The chant "Four More Years” will take on a new meaning ...... "Survive Four More Years".
I think lost in all this is actually what you pointed out. With Obama, there is a number of uncertain-business-owners on the side effects of his policies relative to domestic policy that cause an inability to make good business assumptions. They feel they can't plan ahead accurately, so in the absence of confidence they are hoarding captial which is inhibiting private sector job growth.