Productivity, Jobless Claims Rise - WSJ.com
In terms of Obamanomics, you wonder if jobs will come back and the economy will grow? Start from looking at the fiscal environment created by government policies. Make them personal:
It's sort of like your family going shopping.
If the paycheck is smaller (i.e. higher taxes), then you have less to spend.
When you go to the bank to get a loan to expand your business, the banker says - "sorry, we just spent our money buying government bonds!"
When you wonder where the extra tax money (or borrowed money went) by government, you here your neighbor who works for the government just got a raise; and, his/her retirement is still on track to be fully funded and available at an early age.
You go to the doctor and worry about the deductible (if you even can afford insurance). The doctor says your bill will be $150. You ask him why - "it was $75 just a year ago for the same thing?" He says, yeah - it was - but, we have all these Medicare and Medicaid patients and the government only pays us $35 for them to get the same treatment. So, we have to charge private patients more.
Hmmm - does this seem like the right way to grow the economy?
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