We’ve got unemployment at 9.5% and a real unemployment rate over 16%, and NOW the Democrats and Obama are whining about jobs, or trying to tell us where we would’ve been without the stimulus. Now, they want to spend more money, money they don’t have.
Ummm, contrary to what some economists say, I believe we’d be better off if the stimulus had never been passed. After all, how many economists could see the real estate bubble ahead of time? How many of the top bankers at the Fed could see it? None, nada, zippo. So, why shouldn’t we believe that no stimulus would have been better than what we got?
All the stimulus did was keep the states from laying off the workers and making the painful cuts they face now. Now, we have an even bigger fiscal mess, yet the left still says we should keep throwing good money after bad. Why wasn’t more money thrown at real projects? Our highways are so clogged right now, that work alone would have produced thousands of jobs across the country. Instead, the Democrats bailed out public employee union jobs, which now are in danger anyway. What about all those crumbling bridges we have across the country? How about some more nuclear plants to help with our energy issues? What about more drilling for natural gas on Federal land?
No, instead, the Democrats were more interested in securing their legacy by ramming a huge new entitlement, Obamacare down our throats. And now, as time goes on, we are finding out just how this healthcare bill will actually force our costs higher, and many will be forced out of the current insurance they have, contrary to what Obama said while selling the bill. By doing this, and focusing on cap and trade legislation, business has decided instead to hoard cash due to the uncertainty caused by Washington politicians who are more intent on growing the business of politics rather than the businesses that produce real jobs.
Americans feel like they’ve been conned, and in a few months, they will be rendering judgment on the con artists.
Wednesday, July 14, 2010
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