Corporate America -- good old private sector, free-market, trickle down, corporate America -- took our TARP money and our stimulus money while they continued to pay their executives unconscionable incomes. They've now posted several straight quarters of profitability. Earnings are good and they're splashing around in cash like a kid in the baby pool.
But unemployment is still high and the private sector sure as shit ain't hiring. Why? "Uncertainty" about the economy, i.e. will that black Kenyan Socialist Muslim president of ours kiss the collective ass of big business and give them everything they want? Or won't he?
This uncertainty excuse is Grade A bullshit. The private sector is the exact opposite of uncertain. They're certain that they're OK, even if you're not. They're certain that a Republican majority will shower them with tax cuts, regulation rollbacks, and a host of similar goodies. They're certain they're gonna sit on their hands and continue their hiring freeze through the mid-term elections, and possibly even through 2012.
As for the many millions of unemployed Americans? Certainly let them eat cake.
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