A telling note from John Challenger on hiring plans and the election

[swag]

I kind of like the conclusions in paragraph 4.

http://www.courier-journal.com/business/news2004/08/09/D6-jbrf09-4789.html

The outcome of the 2004 presidential election won't affect most employers' hiring plans.

Those are the findings of a poll by Challenger, Gray & Christmas, a Chicago outplacement company that tracks workplace trends. It polled 160 human resource executives from various industries about the impact of election results. Of those surveyed, 57 percent said their companies' hiring or recruiting plans will remain the same regardless of the outcome. But 43 percent said the results could alter hiring plans.

Chief executive John Challenger said President Bush's re-election could positively affect the automotive, financial services, timber, pharmaceutical and tobacco industries. If Democratic hopeful John Kerry becomes president, the health care, education, government, homebuilding and insurance sectors could benefit, he said.

"A Kerry presidency would likely put a halt to education voucher programs and instead use the money to improve public schools, creating jobs for teachers, school builders, computer makers, and textbook publishers," said Challenger. "A Bush re-election could benefit the financial industry if the administration continues to push for . . . private retirement savings accounts."

. . .

[ramapo]

1. Haven't the Bush crony industries already cashed in?

I don't see the pharm, auto, financial etc. hiring because Bush is reselected. These groups have had their four years at the trough and their hiring practices are in place. Sure they might have to give up their seat at the table if Kerry wins. I'm not sure that necessarily translates into more or fewer jobs.