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February 5, 2010

Are You Feeling Stimulated? More of That Great Feeling Coming Up!

by @ 1:38 pm. Filed under Economics, Govt. Regulation, Labor, Politics, Taxes

Barack Hussein Obama took office on January 20, 2009 and the Bureau of Labor Statistics reported that the U.S. economy employed 134.6 million people and the unemployment rate stood at 7.6%.

Blaming a devastated economy Mr. Obama decided he would solve the mess “he inherited from his predecessor” (code for George W. Bush) by passing a stimulus bill, pouring billions of taxpayer dollars into the economy.

Obama “experts” promised the stimulus money would employ at least 138.6 million people. This from $862 billion of your money. If you had hope in Obama’s plan I’m sure you have little change left in your pocket.

Currently the Bureau of Labor Statistics is at it again providing real numbers that seem to suggest that Obama plan for hope and change is reflecting negatively.

BLS released its monthly jobs report for January 2010 which show the US economy shedding another net 20,000 jobs, leaving only 129.5 million jobs, almost 10 million short of that promise of hope, change and job creation.

According to Mr. Obama, as stated in his State of the Union Address, jobs are still priority number one. Attempting to divert attention from the bleak news about to appear Obama said:

“That is why jobs must be our number one focus in 2010, and that is why I am calling for a new jobs bill tonight.”

After one-year in office Mr. Obama and his brain trust suddenly decided throwing more good money after bad is a good idea for creating jobs that government can only create within its own massive conglomerate. Keep in mind, “jobs bill” is Obama code for more of that stimulus.

This is how a free market, capitalist economy works:

Lame ideas such as providing a tax credit to small business for hiring new employees does not create jobs, the above suggestions is putting the economics of job creation ahead of the need for new employees. It’s not that difficult to figure out if you’re being honest and Obama, Reid, Pelosi and the whole administration is as dishonest to the American people as one would expect from left-leaning ideologues.

Back to that job creation. This week, the Obama administration announced that the number of government employees will grow to 2.15 million this year. Growing government creates more waste, increases the deficit and does nothing to spur growth in the private sector. It’s lipstick on a pig and the pork in Washington is smoldering.

Jonathan Rauch explains:

“Economic thinkers have recognized for generations that every person has two ways to become wealthier. One is to produce more, the other is to capture more of what others produce. … Washington looks increasingly like a public-works jobs program for lawyers and lobbyists, a profit center for professionals who are in business for themselves.”

Barack Obama claims he is focused on job creation. Unfortunately, the erstwhile Obama needs his eyes tested. Indeed!

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