The unemployment rate is 9.2% and the beltway blowhards are blathering about what they should do about it. CISCO just announced a cutback of 10,000 jobs. When was the last time you heard of a large company adding 10,000 jobs? Big companies are notorious for hitting the job panic button to reassure investors that the idiots at the top who make millions know what they are doing.Where will job growth come from? It has to come from new companies, small business, big business and government. Let's take a quick look at each area.

New Business: this was an area in past slow business cycles that really took off. Most small companies could be started with a simple jaunt to the bank to ask for a loan. When you got turned down, you asked for a home equity loan. Now that 25% of our houses are "under water", where is the financing going to come from? No financing = no job growth.

Small Business: a recent survey of small businesses across the country found that 2/3's of them had no plans to add employees over the next year, while about 10% said they would probably cut jobs. The biggest problems is a lack of spending by existing customers and fewer new customers. And of course, the anti-business climate in DC was mentioned.

Big Business: forget this sector. They are always looking to cut or send jobs overseas. Big oil and gas could add thousands of jobs in the U.S. but the tree-hugging Obama won't allow it.

Government: this area is finally slowing down and many states are laying off workers. Good riddance. It's about time these overpaid, underworked losers joined the unemployment line.

There is one area that we could see job growth...the Czar Business. Obama hasn't appointed a new czar recently to study something. Obama has to start somewhere to save or create jobs.Why not appoint another czar -- how about a Deficit Czar?



Clowns seldom lose their jobs in Washington