The Job outlook-2010

It is reported that the job outlook for the year 2010 will be better than this year but not that much. Very few CEOs that have been surveyed plan to do hiring for the next year. They still have that same wait and see attitude regarding the economy and what the government intends to further do about it. The government on the other hand wants to spend more and more without have a concrete plan to deal with the housing mess and the economic mess. As I have said before we don’t have the money and even if we create money by printing it (meaning selling government securities) we will pay for it later on. I understand that it is the government role to take the initiative and create jobs but only through creating confidence and policies that will encourage business expansion.
Now after bailing out the banks with hundreds of billions of dollars and not seeing any result in the expansion of loans (since the banks are trying to preserve cash with all those big losses to cover) now the administration is trying to have main street stimulus for small businesses by doling out more loans. Let’s see what happens with this part of the stimulus.