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Oh bullsh!t. How about the business sector is being over cautious because no one can afford to pay for goods and services?
Businesses are there to make money. They are not afraid to hire because they don't know exactly how much money they'll make; they're afraid to hire because there's no money to hire people when no one's buying your goods or services.
Tell ya what, why don't you look at how the U.S. got out of this situation the last time this percentage of the population was unemployed ... and whether it was the private sector or the federal government that turned that around?
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