Adamantine
By: Adamantine - 539 Days 16 Hrs ago
General | Politics | Obama
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Obamanomics has done more than just keep unemployment high during a modest recovery.

"Obamanomics has done more than just keep unemployment high during a modest recovery. It may also be keeping high joblessness permanent by raising the costs to businesses of hiring new workers. July's 9.5% unemployment level was bad enough. But the real problem is that the private-sector jobs machine, which is usually going full tilt at this point in a recovery, now seems to be broken. To many, it's becoming clear that if President Obama's radical job-killing agenda stays in place, job growth will be nonexistent. One of America's great advantages has always been its flexible, private-sector labor markets. From 1985 to 2008, U.S. unemployment averaged 5.6%. For the six largest economies in the European Union, the average rate was 34% higher, at about 7.5%. Yet many of those countries now have jobless rates lower than ours. Why? They've been dropping Keynesian stimulus as a strategy and moving more toward cutting spending and, in some cases, cutting taxes. Not Obama. He and Congress remain wedded to an outdated economic model that replaces the private sector's animal spirit and dynamism with the dead hand of government bureaucrats and their unions as the main economic forces in our country. That's what last week's $26.1 billion state 'bailout' was all about. We were told it was to keep teachers from being laid off and 'for the children.' In reality, it was a cynical taxpayer-funded payback to teachers' unions, which gave Obama and his party enthusiastic support and millions in donations in the last election. This is Obama's New America -- a government-run economy, with special benefits for unions and plenty of government jobs, but few private ones." --Investor's Business Daily

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tigger
Comment by: tigger
539 Days 3 Hrs ago
What exactly is 'President Obama's radical job-killing agenda" ?
RoboticsMovement
Comment by: RoboticsMovement
538 Days 10 Hrs ago
Private business can sustain itself perfectly well without any "government business" at all, but "government business" does not exist without a private sector to coerce and/or confiscate from. The PRIVATE SECTOR (the market and economy) is the source of (the market's and economy's) productivity, while "government business" is simply the subjugation of private business productivity. Private sector government regulation is for the commercially incompetent, by the commercially incompetent!

Money's ONLY use is to be spent on other people's work. Even saving money has no purpose without the potential for use through being spent on other people's work, including investment brokers' work. Taking from the rich simply lowers the bar for stratified success, and stratified (trickle-down) use of success. The best, most direct and most sustainable way to stimulate our economy, is to allow (and require) everyone to grow their own wealth by their own means, without limitation, so that more people are more able to employ or be consumers of others -- who work for compensation, rather than whine for redistribution. Resentment of the rich is misplaced resentment of ones own poorness, through inferiority complex, or, guilty conscience about one's own wealth. Greed is simply the defense of diligent self-responsibility! The greedy are not responsible for the unsuccessful, the unsuccessful are responsible for not being greedy enough themselves! Anti-greed rhetoric only makes the unsuccessful more unmotivated and disparages self-fulfilling opportunities, fostering entitlement-syndrome and a parasitic society.

 

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