The Great American Jobs Machine Is In Neutral

In light of today's employment report I am reprising, in full, a post from June 2011.

American Business Can See the Light at the End of the Obama Tunnel

We haven't heard from Mort Zuckerman, the Democrat who has been highly critical of Obama's economic policy for quite awhile, in a long time. Mort is back to tell us that the economy is still bad.

I have maintained, and I believe my position is stronger than ever, that Obama has lost the business community lock, stock, and barrel, Democrats and Republicans alike. Some businesses, aside from making the rational decision not to hire and create jobs, have even actively avoided hiring so as not to given Obama and the Pelosicrats any credit for for anything.

The US economy simply can't recover with Obama in office - he has solidified his reputation as a Chicago-style economic bully and he is still at this point actively sticking it to business while he makes phony gestures at enhancing US competitiveness. Business no longer has any confidence or interest in "doing business" with the Obama administration.

The finish line, however, is nearly in sight. This Bloomberg poll shows Obama in trouble. American business has taken the approach to wait the Obama years out and they can see the light at the end of the tunnel, they are not going to screw it up by changing the game plan now by making big moves in the next year and a half, and I also suspect that this dip in the polls will get the corporate cash flowing into the Republican candidates' coffers. Nothing greases the skids like an incumbent's vulnerability.

 It's only a few months, business want to know if they will continue to have to deal with Obama's anti-business/jobs policies or Romney's pro-business/jobs policies.  That is why it is fantasy to expect anything other than limp jobs numbers from here to Election Day.