HAVE YOU HAD ENOUGH YET?
This morning the Labor Department announced the unemployment rate for June increased to 9.2%. Last month when the rate went up to 9.1% President Obama said this was just a blip. What is 9.2%? Is this another blip or is this the straw that will break the back of this incompetent administration? We added less than 20,000 new jobs for the month and we need to add over 200,000 a month by the next election to get the unemployment numbers down to 8%.
Just yesterday David Plough, the guy who is primarily responsible for the re-election of Obama, said that we Americans were not troubled by these numbers and that it is much ado about nothing. Wanna bet? Obviously they are trying to lessen the impact of these unemployment numbers on Obama’s re-election. If he thinks the economy isn’t going to play a role in the elections he is sadly mistaken.
Just today a new poll reported that 68% of those polled thought the country is going in the wrong direction with only 24% thinking we are going in the right direction. This cannot be happy news for those trying to inflict this bunch of incompetents on us for another four years. As a side note, do you ever wonder who those 24% are? I can only conclude they must be recipients of the largess of this government. At any rate it will take considerably more than 24% to re-elect Obama.
It is clear to me that whatever this administration is doing, it is not working. They are attacking this problem from the wrong direction. The only way this economy is going to grow or expand is first the stock market has to stabilize. You cannot regulate it into prosperity. That stability will occur when the government gets out of the way. That is going to have to happen first so that people will once again feel they will have a future with enough wealth to exist. In fact it is even called the “Wealth Effect.” Secondly businesses have to feel that they know what the next few years are going to look like. They have to know what their costs are going to be, i.e., health care insurance, taxes, etc. Right now they don’t have a clue. Labor unions are going to have to be restrained so that businesses can stay in America and be competitive.
How is this going to happen? First the restrictions and regulations on business are going to have to be reduced. The government is going to have to get out of the way of progress. Governments do not produce anything but rules and taxation. Whatever money any government possesses has been purloined from the citizenry through repressive taxes and fees. No doubt we need some taxes to fund the necessary functions of government, such as defense, infra-structure, etc. Over the years we have gotten away from our constitutionally permitted functions though. I don’t know about you but I am tired of trying to support the world. Now the UN has decided we need to give them trillions of dollars over the next forty years to assist poor countries, under the guise of “global warming”. More nonsense.
Obviously we need a change in our government. That is why we have elections every four years for Presidents. The guy we have now is a miserable failure and it isn’t looking like it is going to get any better over the next few months. Every reader of this column needs to consider these thoughts and ask yourself, “Is this my choice of direction for America?” If you are like me and think we are headed for the toilet, then it is up to us to make some changes.
This mess is fixable but we need adults with some ability and intelligence in charge. We cannot spend ourselves into prosperity, because as Margaret Thatcher once said, eventually we will run out of other people’s money.
Ron Scarbro July 8, 2011
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