A few blogs ago, I wrote that pollster Patrick Caddell's experience goes back to the Carter administration. And in a recent interview, he said he's seen some savior, not necessarily a known one, come along in woeful times to save the nation leading him to believe the country's blessed.
Well, this time around I don't think it's a person who'll rescue us all from a totally incapable leader, we're going to be pulled out of the fire by a Canadian bus.
After I posted yesterday's entry, I continued to give the bus fiasco some more thought and concluded that one couldn't find a more vivid example of absolute failure in leadership if you searched for 100 years. Because it's beyond comprehension to me that someone could go on a fact-finding tour about American unemployment while traveling around in a foreign made vehicle. That's so far beyond merely stupid, I can't think of adequate words.
And then there's the unemployment solution that the president will deliver to those who need jobs, just as soon as he gets back from a ten day, tax-payer funded vacation on Martha's Vineyard. The funny thing about that is, we'd all be far better off if he simply stayed there permanently.
But, as for fixing the unemployment problem, the administration's once again on the wrong track because what's strangling employer's is over-regulation. By the time businesses get though covering the costs of new hires, and then factoring in health care their bottom line comes out better if they fire folks, not add more.
To that extent, I read an article this morning in, Leasing News, Saratoga CA, a journal covering the industry I was in. A gentleman named, Harry ‘Pete’ Sawyer, CLP of Sun South Equipment Leasing Inc. was asked: What is one of the challenges you encounter within the industry? And here's what he answered.
"The biggest challenge I have is to try and understand what federal government regulations will do to the economy. There are thousands of rules and regulations being written by people who have not worked in the private sector and do not understand how it will affect small businesses. Small businesses are our customers and we work to consult with them and provide the best product for them. Our customers have ideas and dreams of implementing better efficiencies but are more cautious of the risks. This makes the pool of business smaller and much more difficult to uncover. In addition, many are credit scarred from the recent economic collapse which makes it more difficult to obtain credit approval."
For me, Mr. Sawyer hit the nail on the head. Because while the president's making speeches about core employment issues he clearly knows nothing about, his alphabet soup of agencies is strangling business owners every chance they get.
To emphasize the point further, this morning the Dow Jones plunged about 500 points, or about 4 percent, due to weekly jobless claims rising and more fears of a global recession. So maybe our leader ought to share one secret with the rest of us and tell us exactly what it is he smokes or shoots up. Because even though we'll all still go down the chute, maybe at least we'll be as carefree about it as he is.
That's it for today folks.
Adios
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