There’s a greater incentive to FIRE than to HIRE:

. . . [T]he economy’s most productive participants [are] the businesspeople, entrepreneurs, and investors who drive commerce, create wealth, and create jobs. As long as Barack Obama is president and his apparatchiks remain in control of their expanding bureaucracies and unaccountable czardoms, fear and intimidating uncertainty will reign.

. . . . When the economy is sitting on such a dangerous precipice, unless the goals are to deliver a knockout punch and to take the intimidating uncertainty to the level of debility (given this administration’s mindset, these cannot be ruled out), you don’t even think about raising taxes. With a federal budget hopelessly out of balance, all you can do is cut spending, period.

You also don’t raise taxes when you know, as anyone with an ounce of perception does, that for the next eighteen months if we’re lucky, or an unthinkable 66 if we’re not, we’re stuck with the current fear-based economy. I could be wrong, but I can’t conceive of anything this administration could do to change the current frightened mindset in the business community before it leaves the stage. [Wynn Resorts CEO Stephen] Wynn agrees, saying [publicly what everyone has long known] that until Obama is gone, “everybody’s going to be sitting on their thumbs.”

— Tom Blumer, “The Fear-Based Economy”, Pajamas Media