The motor-mouth in the oval office is going to make another speech about plans to stimulate hiring in the U.S. I mention it because I simply can't believe how someone who's been president for three years now still has no clue as to how our economy runs.
The simple fact of the matter is, businesses, especially small one's, are what drives us financially and are the key to our productivity. And at the moment, due to over-regulation, fear of tax hikes, and an endless parade of brain-dead bureaucrats, no business-person in his right mind would choose to invest a dime more than they absolutely must. They also all understand that building enterprises which will be bled dry by governmental parasites and vultures at the first sign of success is an errand for fools.
The proof of this argument is the trillions of dollars standing idly by, because not many business owners dare to invest, and that trillions more are now spent overseas where it's safer financially and tax-wise.
Of course, there are unique situations, such as Warren Buffet's hugely touted $5 billion he just put into Bank of America. But, then again, what gets little news is that he received a special class of stock that's so well protected, he'll likely make a profit even if the bank itself is ground into dust.
But through the whole financial debacle, what intrigues me most is that the administration seems to think that the tide can be turned with nothing but talk. And I guess that's why 24-7-365 there are clips of the president ranting and raving with a mic in his hand, while everything around him's on the way down the chute. But, I doubt he'll ever accept the simple fact that when it comes to most of the U.S's woe's...he's the primary cause. So, he can babble on till he faints, but the problems won't cure til' he's gone.
However, regardless of all else, the administration's always good for one thing above all else. And that's the fact that they can always make me laugh regardless of how bad things get. So the reason I'm chuckling now is that the Secretary of Labor, Hilda Solis, whoever she is, made a big deal yesterday of the fact that she just bought a new small car that's the optimum for conservation, emission-control, fuel efficiency and all else that complies with governmental goals and ideals.
But alas, she didn't know until someone told her at the press conference that despite coming from an American manufacturer, the car was built in Canada whose workers got the major benefit of our Labor Secretary's investment. So, although I don't know exactly what little car she actually purchased, my guess is: it's a Chevy Dolt.
That's it for today folks.
Adios
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