Well we are closing in on the New Year and it would be nice to be looking at 2011 as a new start with potential for new opportunities. But then that god damned old reality keeps getting in the way. A rich corporate business man, speaking on Bloomberg, said that the rich were still holding on to $2 trillion because the uncertainty in reference to taxes was still looming. In essence the huge tax cuts given to the top 2% is not going to create one job.
This rich fellow went on to state that a majority of the stimulus monies were being spent on investments in China, and of course he was laughing when he said it. He finished by saying that he predicted that the states, in order to stay fiscally solvent, will be cutting between one and two million jobs from the public sector.
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