CapitalistMarks

It’s the jobs, dummy! Unemployment is the only Macro thing that matters now!

Posted on 08. Jul, 2009 by scott in economic daydreaming, political munglings

I guess I will have to keep harping on this issue until someone in D.C. gets it.  VP Biden seems to be the only who is beginning to recognize that the stimulus package he and Obama  railroaded through congress a few months ago is not working.  He’s already talking about a 2nd stimulus package (the guy really is nuts!).

Look, BHO promised that the stimulus (upwards of $800 billion) was going to keep unemployment at or below 8%.  Not even close, brother, can’t you see that now?  Kinda like his promise that the stimulus also was going to ‘create or save’ a few million jobs . . . and what does he claim so far?  Oh, about 150,000 jobs saved or created.  That is nuttin’ compared to the 2 million jobs lost since he took office.  That’s a 1,850,000 hole, dudes.

Bad news, right?  Right!  But, we sure as heck don’t need another stimulus now.  We just need to grab what is left of the first one and start making it work the way it should have to begin with.  We need more a new stimulus like we need more debt.  NOT!

Put people to work, Mr. President.  Do it like FDR did back in the ’30’s.  If you have to, hire a few hundred thousand (starting tomorrow)  to walk along our roads, highways and byways and clean the messes up.  Pay them a decent wage and ‘change’  the country from the ground up.  Then hire a bunch more to enforce the littering laws and start keeping America clean.  Then hire a bunch of accountants to pay ‘em all.  Get it?

My point is that unemployment at 9.5% is sure not going to be the peak.  We still have a at least 6-8 months left of job losses and maybe more (the recession is a long way from over and unemployment is ALWAYS a trailing/lagging indicator).

All the ‘back-end’ loaded spending of the current stimulus package is not going to help the 20+ million that will be out of decent jobs soon.  That is all (oh, wait, there’s the DEBT too!) BHO and his crowd of Democratic ‘leaders’ are going to leave us with before they get ousted just like Bush and his cronies were.

Look, BHO, sit down with your solid majority in the House and Senate and figure out a way to grab the stimulus money that hasn’t already been spent ($600+ billion or so) and put it to work, putting people to work.  Give folk a chance to earn money the old-fashioned way “by working for it” and you’d be surprised at how fast the ‘Republican’s’ recession would crumble.

Give and man a fish and he eats fish for a day.  Give a man a handout and he spends it on a Big Mac or Whopper.

Teach a man to fish, or make him work for something and . . . and . . .  you’ve just created a JOB!  Doesn’t take a genius.

I was a really big Obama fan until about a month ago.  Not so much now.  He’s gone from potentially celebrated to a real celebrity.  His Dem buds too!

Stop it for reals guys and gals.

BHO’s gotta go to work and figure out how to keep the one promise American workers really relied on when they voted for him.  Finding,  creating or saving their jobs!

We need clean roads, new bridges, levees, dams, airports (or at least runways and terminals) and  a whole bunch of other infrastructure (some of it really seminal stuff such as renewable energy and energy independence projects).

I won’t stop slamming this until he gets it right.

Hope its soon and long before I lose my job (and yours too).

Better contact your Congressman(www.usa.gov/Contact/Elected.shtml ) and also start sending notes to the Whitehouse (www.whitehouse.gov/CONTACT/) because Obama and the Dems don’t get it yet.  Oh, and give them a link to this site and maybe even send them a copy of this blog.

Jobs, Jobs, Jobs, Jobs . . .

Let me know what you think.  Because if you don’t think this is real, critical and right . . . then you are as nuts as our ‘leaders’ and you will deserve your 6 months of unemployment checks in the future.

Tags: Biden's 2nd stimulus, economic stimulus, Obama's mistake, unemployment