American Elephants


Unemployment and Jobs are the Number One Worry for Americans. by The Elephant's Child

A new Gallup poll this month shows that nearly one in four Americans cites jobs and unemployment as the most important problem facing the country, up from 16% in January. The government and politicians had topped the list since the government shutdown in October.

The Recent Trend in top Five “Most Important” U.S. Problems

Unemployment/Jobs……………………………………………..23%
Economy in General……………………………………………..20%
Dissatisfaction with government/Congress/politicians’
poor leadership/corruption/ abuse of power…………………19%
Poor healthcare/hospitals; high cost of healthcare…………..15%
Federal Budget deficit/ Federal debt……………………………8%
Immigration/Illegal aliens.…………………………………………6%
Ethics/Moral/Religious/Family decline, dishonesty…………….5%
Education/Poor Education/Access to Education………………4%
Lack of Money……………………………………………………3%
Poverty/Hunger/Homelessness…………………………………3%

What is one to make of this? We have just been informed that Americans are getting dumber and dumber, that they are unaware that the Earth orbits the sun. Jimmy Fallon did a man in the street thing asking people how they felt about President Roosevelt’s death, and did they want to send condolences to Eleanor?

Democrats were significantly less concerned about everything but jobs and unemployment. Republicans were unsurprisingly concerned more than Independents and Democrats about the economy, healthcare, Federal budget deficit and debt, morals and ethics. Democrats were slightly more concerned about education and poverty, hunger and homelessness.

General satisfaction with the way things are going in the United States was a sluggish 22%.

Curiously, President Obama’s priorities are quite different. He’s trying really hard to deflect interest from ObamaCare, which in spite of all sorts of “executive repairs” isn’t working. His biggest priority seems to be Income Inequality. What he doesn’t want to mention is how much money the government is redistributing, nor how much more would be needed to close the income gap. That project would require redistribution on a massive scale. The CBO found that  those in the bottom fifth of the income scale received $9.62 in federal spending for every $1 they paid in federal taxes of all kinds. People with low incomes pay little in taxes, but receive a lot of transfers.

Households in the top fifth, received 17¢ in federal spending for every $1 they paid in all federal taxes. High-income households pay a huge amount in taxes compared to what they get back in government spending.  The middle class households received $1.19 in government spending for every $1 they received in federal taxes.

Families in the top fifth have an average market income of $311,400 and pay $65,573 more in taxes than they receive in spending. We would need to take another $164,227 in higher taxes to lower their incomes to the national average.

“Capital will go where it is wanted and stay where it is well treated. It will flee from manipulation or onerous regulation of its value or use and no government power can restrain it for long.”

President Obama’s other major priority seems to be global warming, which doesn’t even show up in the public’s interest, with some justification, because most people are probably wondering if this is the start on a new ice age. There has been no warming for over 17 years. The President talks about “carbon pollution, but there is no such thing. We are a carbon-based species. CO2 is a natural fertilizer that helps plants to grow. Carbon is one of the building blocks of life. No carbon, no life.

Obviously Mr. Obama does not read Gallup polls, nor would he pay attention if he did. He apparently swallowed the Keynesian fairy dust tale — hook, line and sinker. If you want to boost the economy, you push money into the economy. It will have a magical mystery multiplication effect, somehow, and every dollar spent will result in two dollars of economic activity. If you tell him that it doesn’t work, he will say it’s wrong to compare this recovery to past recoveries. Greatest recession since the Great Depression, Bush’s fault, etc., etc., etc.

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