In keeping with my belief that the best thing Mitt Romney can do to win the coming presidential election is just to sit back and let the bumbling incumbent keep burying himself politically, two more problems have occurred in that regard.
There's been considerable negative backlash about the president's recent "secret" trip to Afghanistan to try to take personal credit for the job Navy Seals did in taking out Usama bin Laden. And today, for a different dose of bad news, according to Reuters, "New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday." Then they went on to state that "The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February."
And, to me, this is another illustration of the administration's total ignorance of how the U.S. economy really works, as I've been mentioning often lately. Because there's really no magic to increasing production, business growth or revenue generation, the answers are actually quite simple. It doesn't take a PHD in economics or finance to understand that the billions of dollars spent overseas for oil come directly out of consumers pockets. And that means they have far less to spend here.
Add to that government agencies who've been charged with assessing penalties and fines on almost every aspect of doing business you can think of, and even an abject moron soon realizes that this is absolutely not the time to invest or try to grow a business in the U.S. Why would anyone with the ability to think, operate an enterprise which bureaucrats view as only a growing source of revenue for their hare-brained schemes and planned redistribution of "wealth."
Therefore, as you go down the list of moronic decisions foisted on those who generate income it's quite easy to see that when an economy's run by people who don't even understand basic business fundamentals not only does growth stunt, but things actually go backwards. And to many that's certainly not surprising, because stifling the American dream was one of the incumbents campaign vows.
That's it for today folks.
Adios
No comments:
Post a Comment