Posted by
Andy Zarowny on Thursday, July 02, 2009 9:13:24 PM
During the 'staged' townhall
meeting on health care yes-
terday, President Obama de-
clared that the stimulus pack-
age passed earlier has done
it's job.
MISSION ACCOMPLISHED!
Not as dramatic as from the
deck of an aircraft carrier, but
then Obama is not a pilot.
None the less, we have to
shake our heads and say...
HUH???
The economy is hovering
between stagnation and
disaster. Unemployment
continues to rise. Today's
numbers for June show the
nation with an average unem-
ployment rate of 9.5%. If
you factor in the under-em-
ployed, such as those with
part-time jobs while seeking
full-time, the number is closer
to 16.5%. The number of
those unemployed for more
than six months is 4.38
million people, 29% of all
of the 14.7 million who are
unemployed.
Another Chinese minister
spoke out again the other day
warning America to defend it's
currency. The U.S. dollar is
getting weaker and weaker.
China, and the rest of the world
would like us to stop spending
so much, stop borrowing so
much, and stop printing so
many dollars and Treasury
bonds. Even a United Nations
committee denounced the
"Cap & Trade' bill passed
last week by Congress as bad
economic policy. Things are
really bad when the U.N. says
we're too Socialistic!
On Wednesday, the State of
California began paying credi-
tors in I.O.U.s! About $3
Billion dollars worth! Next
month will be $4 Billion. Many
of states, especially those in
the Northeast or run by
Democrats, are deep in debt
and forced to raise taxes
and cut services. California
has declined deeper and faster
as they have policies, regula-
tions and tax rates which are
stifling employment and driving
businesses to flee. The same
policies, regulations and tax
philosophy which is embraced
by Obama and the Democrats
in Congress to inflict upon the
rest of the nation.
The prospects for improvement
are very bleak. Just the threat
of Cap & Trade has already
forced two new steel plants to
relocate to Brazil and Malaysia.
They had originally fled Europe
due to their Cap & Trade regu-
lations. Major industries, espe-
cially the auto makers, are in
the process still of down-sizing.
Chrysler is still scheduled to
eliminate 25% of their job base
and a like number from GM.
Small businesses, which em-
ploy more than half of the work
force, are stagnating. The new
rounds of taxes and regulations
unleashed by the Obama Ad-
ministration, coupled with the
still looming credit crunch
(which Obama has done
NOTHING to rectify) have
caused small businesses to
sit on the side lines and wait.
Many are struggling to just
survive. In EVERY PREVIOUS
recession, it was ALWAYS
small businesses which led
the way to economic recovery.
Yet, Obama has given them
absolutely ZERO INCENTIVE
to grow, expand, invest or
hire new employees.
So I have to wonder how
Obama figures that his $787
Billion dollar stimulus package,
of which only a small fraction
has actually been spent on
such notable projects as
turtle tunnels in Florida and
sex worker studies in Puerto
Rico, has accomplished it's
mission? Even those 24
policemen hired in Columbus,
Ohio with stimulus money have
already been laid off! I wonder
when they'll be appearing on
stage with Obama again?
NO! It's time for those mem-
bers of the Congress as well
as state government officials
to put an end to this madness!
The Congress must reopen
the stimulus bill and rewrite it,
this time carefully and thought-
fully, with an eye to using the
funds to slash taxes and pro-
vide true incentives to the
private sector, especially to
small businesses! At the same
time, those U.S. Senators who
claim to be rational MUST
reject the Cap & Trade bill,
as well as any new major
government programs, like
national health care, and other
job-killers, like 'Card Check'.
Only then we MAY see some
improvement in our economy.