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Oct. 27, 2009 Unemployment is approaching ten percent and, worse yet, the story is the job situation is going to stay bad according to official sources such as the Administration and major national media who would have an interest in papering over the misery, if they could, or reversing the difficult economic circumstances that are the root of the problem, since prosperity is in their interest as well as that of everyone else. So this has all the earmarks of a traumatic disaster in the making. Lack of opportunity and economic waste do little good for the financial health or social well being of this great nation. There also appears to be something inept in the handling of the employment story. A healthy economy always has jobs. A growing nation always has opportunities. I'm sorry. Something is just not adding up to a recovery. The stimulus hasn't stimulated in the way previous recoveries were handled. For some reason, jobs do not appear to be coming back with any sort of vigor. There is something seriously out of place and the Obama team seems totally lost. They do not appear to have what it takes. This time around the current government majority, the Democrats, got their hands on federal purse strings and started handing out money under the so-called slogan of a stimulus. This ran up the federal budget deficit, $1.4 trillion worth or so, a whole lot of money they never had anyway, and while it may have helped a little here and there, it has not done what solutions in the past did. That was get America back to work and doing business. The old economic panacea that provided economic balm were tax cuts. That was what was done in the past. That was what worked. It got people going. Tax cuts allowed businesses to make and hold onto money. It provided incentives and motivation. The current stimulus, to the contrary, just appears to be churning economic wheels not going anywhere. There is no explanation and no end to the economic malaise on the horizon, although there are promises. There is no vision, no solution and, worse, the folks in Washington are running out of excuses and diversions. While there seems to be limited thinking involved, not what is good for the country, but rather how can the situation be milked politically. This is not good. It is not a solution. Of course, there is always room to make promises. Of any sort. It does not seem to matter. Every failing candidate makes promises. It is a world with a future, however, that matters most. For example, the stock market is rallying. Ten thousand on the Dow hints at a recovery. The people who invested at the bottom are probably making money. Market makers are supposed to have contacts. They are supposed to know what is going on. Yet the jobs are still not there, at least not now. So are investors buying ephemeral hopes and dissipating dreams. Why is this recovery taking so long. What is really wrong with the economy? Now, at long last, after the stimulus has not truly stimulated some of the Congressional leadership is now talking about tax cuts. Why did they not take this approach in the first place. Why was their thinking so tentative? So confused? So dilatory? Why and what are they waiting for? Why does it appear further stimulus is going to be needed? Why don't they hit the nail on the head and thread the economic needle and get America back on its financial feet and headed towards long term prosperity.
Why
is prosperity still lingering around that elusive corner instead of
darn blank right at hand? Why don't you tell me or get a good answer
from the powers that be. Why not?
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