President Obama: Killing Jobs to Create Jobs?
Ah, the audacity word comes to mind again in a recent report on, you guessed it, President Barack Hussein Obama. “Our economy is in better shape today than it was when I took office; when we were hemorrhaging 700,000 jobs a month; when our financial system was on the brink of collapse; and economists from just about every part of the political spectrum were predicting that we might be sinking into a Great Depression,” he said.
On the topic of jobs or a more relevant description, job losses, information is so suspect that drawing conclusions or making statements on current or recent conditions is extremely difficult. The Bureau of Labor Statistics (BLS) recently announced that they will be making downward benchmark revisions to past monthly nonfarm employment data that casts doubt on the validity of the recent figures as well. As we will explain, it is highly likely that substantially more jobs are now being lost than is currently reported.
If President Obama is serious about jobs he should reconsider cap and trade legislation. You don’t have to agree with the report represented by the excerpt below. But we all need to carefully examine that which is proposed in the current legislative agenda from the Democratic party majority. In terms of cap and trade job losses one estimate suggests this policy is seriously flawed. Some of the workers forced out of manufacturing will find employment in the service sector, but overall, the economy loses jobs. In some years, this overall job loss exceeds 800,000.
In healthcare reform the costs to employers and employees may not decrease. Any suggested savings can be eroded by tax increases, penalties for not participating and added costs for additional coverage for those defined as unable to pay. It may be true that healthcare in the US needs change. But the changes proposed or planned to be force fed to Americans may not be the answer. Again, you may not agree with opposition to the current agenda in American politics but blindly accepting any solutions offered is a prescription for disaster.
For the President to suggest that things are better and his policies or positions are correct requires one to take much on faith. That would be similar to the President offering you a sure set of winning numbers for the lottery. And we all know the chances of that proposition working out successfully. While the battle for adopting agendas in Washington DC may not be a lottery the two items have something in common. The winners are on a very short list and you are likely not one of them.
Time to get involved if you haven’t already and push for the truth.
Stanford Matthews
MoreWhat.com
Stimulapalooza: 3.6 Million Jobs Lost is “Quite Positive;” Update: Errors galore (Michelle Malkin)
Update: