One thing is clear from my jobs tour out East last week: business owners don’t trust the Obama situation.

They see handouts and higher taxes but no visibility of a long-term healthy economy. The result has been massive avoidance of new projects and spending slowdown on employment all around.  You can see the real-time progression on Slate here.

Before Obama Became Obvious Winner (August 2008)

Six Months later

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It could be that Obama has installed some pretty destructive policies pretty fast, OR...

Tags: Industry, Obama, Obama Administration, US Business, US Economy, US Jobs Lost