Filed under: Domestic Policy, Economy, Health Care, Energy, Taxes, Capitalism, Law | Tags: We Can't Predict Tomorrow, Discouraging Risk-Taking, Freedom v. Control
We’re all educated people here, whether in the school of hard knocks, our nation’s public schools, colleges and universities or by our own lifetime learning program. And a remarkably large percentage of what we are presented with under the guise of information, is absolute nonsense. We don’t know as much as we think we do, and we have a hard time separating the good and true from the absolute crap.
They may call this “the Information Age” but that simply means the gush of words and pictures is bigger, not that we know more, and we know a lot that isn’t so. Since this is Labor Day, how about this headline from the Washington Post: “Why American needs to get used to slower growth.” You mean it can get slower?
There is a school of thought that looks out upon the world and assumes that whatever is — will always continue to be. People look at the current dismal economy as assume that it’s all over and it will continue to be dismal, without examining just why the economy is dismal.
Here’s another interesting bit. Employers are not hiring people who have been laid off. And they are hiring older workers with long work histories. Translation: Employers don’t know how to pick a good employee from those who apply. They don’t know to interview to get a good employee, they don’t know when someone’s lying or if they are skillful, they don’t know how to read their qualifications. They don’t trust grade-point averages.
Now about 200 U.S. colleges will give a new test to seniors that is a volunteer SAT-like assessment that aims to provide an objective, benchmarked report card for critical thinking skills. Uh huh . The test is called the “Collegiate Learning Assessment.”
The very same colleges and universities that have claimed to be teaching “critical thinking” for years, but then they got off track with political correctness, and diversity, and race and gender studies. Before it was “critical thinking” they used to teach the best that has been thought and learned through the ages, and they called it “the Humanities”, but they decided that was simply about old dead white men and junked it for all sorts of “studies” instead. And the percentage of “A’s”given by teachers has tripled since 1940. I suspect that the CLA will not do any better at providing employers with excellent employees.
The recession that Obama always refers to as “the worst recession since the Great Depression” ended in 2009. It was a sharp recession, but usually the economy recovers more quickly after a sharp recession. Keynesian economics proved once again not to work. The recommended course is to make it easier for businesses to do business. Lowering taxes and repealing unnecessary regulation helps to create a climate where a business can take risks.
The administration has raised taxes on business, and on small business, and at the same time increased regulation, which has increased costs of energy, raw materials, and simply the cost of doing business. Obama has poured money into “green” businesses run by his campaign contributors, unworkable schemes for “green jobs,” Every agency has been empowered to increase regulation, and over-criminalization is running amok.
Growing a business, hiring people, expanding are all risky propositions. Businessmen take that risk when they have confidence that it is likely to pay off. When they have no idea what is coming next, they don’t take any risks — they hunker down trying to avoid getting noticed. They don’t expand, they don’t hire, and the economy winds down further. It is really amazing that one administration could make such a colossal mess of it, and do so much damage to the lives of the American people.
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