Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Politics, Progressivism, Regulation, Taxes | Tags: A Failed Recovery, Freedom vs. Control, The Mystery of Creating Jobs
President Obama’s Saturday addresses are sometimes more revealing than he intended them to be. Yesterday, he said:
Yesterday, we learned that in 2013, our businesses created 2.2 million new jobs – including 87,000 last month. Our unemployment rate is the lowest it has been since October 2008. And across our broader economy, there are signs of progress. Our manufacturing and housing sectors are rebounding. Our energy, technology, and auto sectors are booming. Thanks in part to the reforms in the Affordable Care Act, health care costs now eat up less of our economy – over the past four years, costs have grown at the slowest rate on record. And since I took office, we’ve cut our deficits by more than half.
Our unemployment rate is so low only because our workforce, in spite of new high school and college graduates, new immigrants, has shrunk to the levels of 1978. Ninety-one million Americans have dropped out of the labor force. And according to the Labor Department the economy produced only 74,000 new net jobs in the month. (Mr. Obama must have ignored that ‘net’ part). Energy is doing fine in spite of the administration, and declining health care costs have nothing to do with reforms in the Affordable Care Act, which went into effect only on January 1.
As usual, the president tries to take credit for anything favorable and disassociate himself from anything unfavorable. Here’s the new phrase:
This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part.
President Obama has no idea how to create jobs. “Year of Action” indeed.
Working folks are looking for the kind of stable, secure jobs that went overseas in the past couple decades. So next week, I’ll join companies and colleges and take action to boost the high-tech manufacturing that attracts the kind of good new jobs a growing middle class requires.
So all the good jobs went overseas? And we have to send the unemployed back to college so they are qualified, but new college graduates are having a really hard time finding jobs? There is something wrong with this logic.
What is impossible for a ‘progressive’ president is to cut taxes or eliminate them for corporations to ease the cost of doing business. He has flatly rejected the idea that over-regulation or uncertainty causes business to refrain from hiring.
“Business owners are ready to play their part and hire more workers.” What I am reading is that business owners are reluctant to hire those who are long-term unemployed on the supposition that they are poorly qualified or they wouldn’t be unemployed. Business leaders are vigorously lobbying Congress to pass an immigration bill that will allow in many more foreign workers who will work for less and be more cooperative in their desire to stay here. We need to reform our immigration policies, but vastly increasing the numbers of immigrant workers is not going to solve our unemployment problems.
You can’t keep giving the unemployed increasing amounts of other peoples’ money to make them more comfortable in being unemployed and expect them to struggle to find work. The recession, is not and never was the worst recession since the Great Depression. We have had other worse recessions. Obama’s recovery began in June 2009. Some recovery.
Investors created Obama’s Jobs Index to show how the Obama administration policies have failed to create adequate job growth. The remedy for unemployment is a growing economy. To make an economy grow, you need to make it easier for business to hire, to expand, to grow, by eliminating the policies that make it harder for them to do so. Freedom is the fuel for a growing economy, not control.
*My original headline said The new Buzz-Word, but I was reminded that “A Year of Action” was a phrase,not a word. My Bad.