The key problem is that companies will not hire until they see consumers return to spending en masse, without the need for big discounts, right now that isn't there, spending has increased, but consumers are still being careful with their expenditures and demanding big discounts for their business, for businesses, this means that they are going to be hesitant to invest, or hire, and any money they get through tax breaks, etc. will just go into shoring up their financials, can't really blame them, because they want to make sure that if the economy slides again, they can weather the storm, but if they don't hire, then people are going to remain hesitant with their spending, kind of a catch 22 type deal, which is why government expenditure is needed until companies start hiring and people get back to spending.
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