The economy hasn't shed a single job but companies have. This is called passing the buck.

In this article, the chief economist for Moody's says, "Businesses are panicked and fighting for survival and slashing their payrolls. I think we’re trapped in a very adverse, self-reinforcing cycle. The downturn is intensifying, and likely to intensify further unless policy makers respond aggressively." This is also called passing the buck: Companies can't stop the carnage until someone comes in and saves them. Hmm - I thought C-levels were paid the big bucks because they can make great decisions. Perhaps I was wrong.

Then President Obama says, "All of us in Washington must remember that we’re here to work for the American people. And if we drag our feet and fail to act, this crisis will turn into a catastrophe." Once again, this is called passing the buck.

It's important to keep in mind that the economy doesn't shed jobs - companies let go of people. For those who have never been part of the layoff process, here's some food for thought: It is rarely done in a far and equitable manner. Do you know what this means?

So while everyone is passing the buck, one very important thing is not taking place: Consistent recruiting. I've been speaking with quite a few corporate recruiters the past three weeks and here are a few observations:

One, openings are not being posted because companies won't be able to swim above the tsunami of resumes and calls from agencies believing they have the perfect person for you.
Two, higher ups aren't comprehending that shutting down recruiting means you as the recruiter won't be able to jump start your efforts when the turnaround appears; ever try to start a lawnmower with a flooded engine.
Three, even where some recruiting is taking place, companies are asking for reduced fees. Commoditizing rates will produce commoditized results.
Four, relationship building meetings are declining.

It's time for a recruiting revolution...a union of recruiters if you will, to counteract all this corporate, regulatory, and media-generated stupidity. Jerry, do the poster...