I still think part of what we are dealing with is the short-term, make-the-numbers-for-the-next-shareholder-call-no-matter-what mentality that has taken hold with Baby Boomer managers, analysts and investors.
We'll always deal with that. But part of the make the numbers is for longer-term prosperity, which is something the government has caused the problem with. Hell, health care, pending tax increases? Those are all short term problems.
I mean, this nonsense about reporting where the Dow is every minute throughout the day is pure self-destructive insanity -- and it's not driven by government policy.
Sure, but it's also not what's driving the hiring freeze. Yeah, a stockholder might worry about how the federal government is handling health care, but the stockholder isn't the one who's considering hiring or not hiring, either. Don't confuse the investor class with the employer class.
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Date: 31/7/10 16:05 (UTC)We'll always deal with that. But part of the make the numbers is for longer-term prosperity, which is something the government has caused the problem with. Hell, health care, pending tax increases? Those are all short term problems.
I mean, this nonsense about reporting where the Dow is every minute throughout the day is pure self-destructive insanity -- and it's not driven by government policy.
Sure, but it's also not what's driving the hiring freeze. Yeah, a stockholder might worry about how the federal government is handling health care, but the stockholder isn't the one who's considering hiring or not hiring, either. Don't confuse the investor class with the employer class.