Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Health Care, Politics, Regulation, Taxes | Tags: The Intent is Correct., The President Prevaricates, Therefore Joblessness is Good
President Obama says his “number one priority as President is doing whatever I can to create more jobs and opportunity for hardworking families.” He always says “hardworking families” and then brags about the 273,000 new jobs, while ignoring the 806,000 who dropped out of the labor force — no longer “hardworking” though they would like to be. So that is a falsehood. He also said that “whenever I can act on my own to create good jobs and expand opportunity for more Americans, I will. Another falsehood. He doesn’t.
But so far this year, Republicans in Congress have blocked or voted down every serious idea to create jobs and strengthen the middle class. They’ve said “no” to raising the minimum wage, “no” to equal pay for equal work, and “no” to restoring the unemployment insurance they let expire for more than two million Americans looking for a new job.
Raising the minimum wage is estimated to cost about 500,000 jobs, by the CBO. The Washington Post says the American economy is less entrepreneurial now than at any time in the last thirty years. Businesses are being destroyed faster than they are being created. During the most recent three years of the study, 2009, 2010, and 2011 businesses were collapsing faster that they were being formed.
The Keystone XL pipeline which Obama could have approved yesterday offers a detailed 13,000 union construction jobs plus 7,000 manufacturing jobs—and something in the realm of 250,000 spin-off jobs — supplies, restaurants, stores, groceries and so on. The only downside is the objections of enviro-nut Tom Steyer who has promised $100,000 for the midterm election—$50,000 of his own money and $50,000 raised from his friends. The election cash trumps jobs every time. Republicans said no, not to equal pay for equal work which has been the law since 1963, what Republicans objected to was the payoff to wealthy trial lawyers.
The president keeps talking about building jobs from the bottom up, or the middle class out. This is discredited Keynesian nonsense. Nancy Pelosi claimed that restoring unemployment insurance would create jobs. And they believe that raising the minimum wage will create jobs. Multiplier confusion.
We didn’t need to be in the fifth year of a disastrous downturn. For each person who is no longer in the labor force, only 1.3 people are actually working. It didn’t have to be this way.
Liberals do not see failed policies as failed. They are not concerned with consequences, they are concerned with intent. Their intent was correct, therefore it was a good thing. They simply do not see the catastrophic consequences of their policies. President Obama brags about 273,000 new jobs and pays no attention to the 806,000 who dropped out of the work force. There are programs for them. And if you don’t agree with that, you are a racist. Republicans who do not agree with the president’s policies are not only racist, but put party over country. Un-American. Critics should just shut up.