Wednesday, June 8, 2011

WSJ: Do you think US economic recovery strengthen second half 2011

DEMOCRAT LIES AND A CREDIT CARD MENTALITY: WSJ: Do you think US economic recovery strengthen second half 2011

Question:
"Banks are again moaning obscene profits; CEO's are making money hand over fist. In other words, everyone who counts is doing swell... The only ones not are the middle class. No one cares about them, so things will not get better, they will only get worse."


Answer:

I might suggest that the biggest concern of the middle class should be what they are hearing (and not hearing) from Democrats - i.e. they are totally failing to first recognize (and of course then come up with workable policies) to address the bifurcated nature of the US labor market where high skilled, educated people already (Dec. 2010) had unemployment rates less than 5%.

Instead, the Democrats are saying more government and taxing the rich can both grow the economy (provide jobs) and keep all handouts from government. This just isn't so.

Sure, it sounds good to be told you can have all of this entitlement 'candy' (which is what the Democrats are doing); but, it just isn't so. (Think of the family where one spouse wants to live within a budget and the other spouse believes there's always more room on the credit cards. The Democrats are the party that always believes there is nothing wrong with just spending and spending. The economy is reflecting the results of such mismanagement.)

If people with minimal education and skills aren't getting jobs, then government policies should do things to support employment of such people. There are many options here - almost all of which the Democrats not only ignore but work against (e.g. Obamacare).

As for businesses that might expand or hire, any moderate degree of reading evidences how the US has anti-business policies out of Washington. You don't add jobs when the government is against you and raising your costs unnecessarily.

Put the blame where it belongs - and, that is Washington.

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