The problem is that, as they say in the press, we've had a jobless recovery. Employers have learned that they can downsize staff and still make a good profit by working said employees harder under the threat of them losing their job, so there's little incentive to increase hiring since it will also increase payroll costs in areas such as health care and pension contributions (LOL!). So as you say, the corporations need to hire, but they won't. This is part of the problem of off-shoring manufacturing, making goods requires people to be employed.

But I blather. Bloomberg ain't worth it.