Comment Last Three
October 10, 2010
Recently, a Democrat candidate for the US Senate was asked, "How do you create jobs?" He could not give a clear answer, but did say that government programs would do it. Democrats do not care about creating jobs--just the growth of government and more taxes for expanded spending programs. Their policies of tax and spend (and support the unions) never create any jobs, but destroys the free market system.
This week the Labor Department reported that unemployment stayed at 9.6 percent, in a range where it has been stuck most of the year. The gains in private jobs came mostly in health care, restaurants, mining and temporary employment, and were more than offset by another month of losses in government jobs. A 159,000 drop in government jobs led to an overall 95,000 fall in employment during the month. It reflected a widely expected decline of 77,000 federal workers hired temporarily to conduct the census, as well as an unexpectedly large fall of 83,000 in state and local employment.
States and cities, hemorrhaging revenues as a result of the recession and running out of federal stimulus funds, laid off workers in every category from teachers to police and firefighters, in the largest such layoffs since 1982. The federal government cannot keep printing and borrowing money to bail out states and cities.
"The pace of job creation is more than disappointing," said Harm Bandholz, economist at Unicredit Markets. "The woes of state and local governments are weighing on the labor market" as fewer teachers were called back to work this fall. Obama tried to spend federal monies to keep the union members employed, but it is not working.
The only good news, he said, is that the large wave of layoffs of temporary workers since the April census is now mostly over. Moreover, the jobs market was worse in the last year than previously reported by the federal government. It said 15,000 more jobs were lost in July and August than it previously estimated, and it expects the department's annual revisions to show the economy lost another 366,000 jobs through March 2010. Why does the Obama administration keep lying to the American public about its policies and their real effects on the job market?
To create jobs---cut taxes, reduce regulation, reduce spending, loan money to small business owners, and get out of the way.
December 13, 2009
How does Congress think that our economy works?
Our Congress does not know how a market economy works since they keep printigng money, getting all of us deeper into debt, and push through more and more regulations. Congress does not know how to create jobs if it thinks more government is the answer. Below is a simple example of how the current Congress creates jobs and pays off debt.
It's a slow day in a small Vermont town and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit. A rich tourist drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.
As soon as he walks upstairs, the owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.
The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Farmer's Co-op.
The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel and pays off her room bill with the hotel owner. The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.
At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves town.
No one produced anything. No one earned anything. However, the whole town is now out of debt and now looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how the United States Government is conducting business today.