The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that ’s jobs plan — while welcome — will change their minds any time soon.
Among the business leaders attending President Obam'a jobs speech Thursday in Washington were, from left, Jeffrey R. Immelt of General Electric, Kenneth I. Chenault of American Express, Steve Case of AOL and Darlene Miller of Permac Industries.
That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.
The plan failed to generate any optimism on Wall Street as the Standard & Poor’s 500-stock index and the Dow Jones industrial average each fell about 2.7 percent.
OBAMA: SCOAMF.
WORDS WON'T HELP THE ECONOMY. NEIOTHER WILL GOVERNMENT BOONDOGGLES THAT BENEFIT THE UNIONS THAT ARE PART OF THE OBAMA MACHINE.
ONLY TAX CUTS & REGULATION REFORM CAN.
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