Despite the progress we’ve made, many businesses are still skittish about hiring. Some are still digging themselves out of the losses they incurred over the past year. Many have figured out how to squeeze more productivity out of fewer workers. And that cost-cutting has become embedded in their operations and in their culture. That may result in good profits, but it’s not translating into hiring and so that’s the question that we have to ask ourselves today: How do we get businesses to start hiring again?This small portion of a speech sums up Obama's philosophy on what America's businesses mean to the country: nothing. Well, I guess I shouldn't say nothing. But apparently Obama thinks businesses exist just so they can give people jobs. How dare they increase productivity and profits!
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