Today’s another in what now seems a long list of entry’s that are unequivocally proving that this admiration either has a deep-seated vendetta against people succeeding financially, or instead is in so far over its head regarding economics that it has look up to see down.
According to Christopher S. Rubager, Economics Writer for the Associated Press via Drudge: The economy “added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown may signal that the economy is heading into a weak spring.”
At the same time, “The Labor Department said Friday that the unemployment rate dipped to 7.6 percent, the lowest in four years, from 7.7 percent.”
However, “The rate fell only because more people stopped looking for work. People who are out of work are no longer counted as unemployed once they stop looking for a job.”
So, that means if you add those folks back in, the number’s probably more like 10 to 12%. Whatever the case though, the exact percentage isn’t important because all that really counts is that the economy’s still in the pits and likely to stay there until there’s a change at the top in D.C.
What got me to typing today though, was that after the jobs report posted on CNBC, I spent a few minutes listening to a panel of expert economic types espousing statistics and theory focused on every conceivable angle of parsing data there is. Yet, when all was said and done, none of them really addressed the issue squarely, except for Rick Santelli, on-air editor for the CNBC Business News network from the floor of the Chicago Board of Trade.
And what Mr.Santelli realizes, as do I, is that there are no complicated, convoluted, intertwining combinations of local or global happenings or events affecting our economy at all. It’s far, far simpler than that.
When you add taxes, such as those recently raised on payroll, folks have less to spend. And when business costs are added, such as new health care taxes based on number of employees, hiring goes down.
Add to that, other increases in predominantly Democrat states and even less gets spent, making things far worse.
Consequently in an economy where consumer spending accounts for 70% of the gross, the more you clip in taxes, regulations and fees, the weaker that economy gets.
And the most incredible thing about it all is that our economic problems are so easy to fix. All that need be done is tax reduction, less government and regulation and production of our own oil.
But these Dem’s won’t do those things, because to them inane political belief is worth all of us starving for. And the way things are going now, they’re going to get their wish.
That's it for today folks.
Adios
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