Friday, January 20, 2012



We cannot solve the jobs situation in isolation

If you seem to think that spending, deficits, debt, taxes, regulation overload, poor environmental decisions, outsourcing jobs, and entitlements, especially health, are unrelated to the job situation, you are wrong. They most definitely are related.

It is folly to try to fix one of those in grand and glorious isolation to the others. This current administration gets a fail grade in long-term Macro-Economics 101, and in letting small businesses grow, instead of over-regulating them and creating uncertainty by overspending on new legislation with long-term spending commitments, and refusing to authorize job-producing private sector programs that would increase employment. That is where the jobs are (or were)–small businesses. Playing the richman-poorman card is shortsighted political gamesmanship that is laughable!

Furthermore, the recent pogo stick policies of an all democratic congress and presidency of propping up the economy artificially is unsustainable, as we will see in a year or two. We are almost “all in” as it were, and what happens when we cannot print more money? We default, and no one lends us money, stifling businesses and hence jobs. What happens if the US Dollar is dethroned from its current posture? We could not print money and use it then. What happens if we do print lots more? Heavy Inflation, which is on the way now. Then what happens to jobs? They go west.

The problem is that virtually no politician wants to see our real situation for what it is, and then take the steps needed to fix it across the board, least of all Obama! Just about every step he takes, or wants to take, worsens the problem, except for his truly token efforts to move right on some issues.

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