by Jack Lee
What is the one thing that Republicans, Democrats, Libertarians, Greens and virtually all 3rd party organizations have as a common interest? Well, assuming they work in the private sectors its economic growth and prosperity. But, thanks in part to a global recession and in more recent terms to failed fiscal policies and a government penchant for over regulation and over taxation, there is no job growth because there is no economic growth. You can’t suppress businesses and grow jobs.
At this time the private sector is under severe stress. Is there anyone with an IQ over 80 who would deny this? Many of us believe it’s no exaggeration to say we are facing perhaps our greatest economic challenge since our inception. For example, we needed to create about 20 million new jobs just to accommodate those graduating from high school and college. So, what actually happened?
- The private sector workforce shrank by 3 million jobs between 2000 and 2010, a shortfall of 23 MILLION jobs!
- Private sector workers earned $300 BILLION less in the first quarter of 2010 than they earned in the last quarter of 2007.
- Government grew by 2 million workers, to 22 million. Federal workers earn compensation and benefits that are DOUBLE private sector averages, and non-federal government workers earn 50% more.
- The burden of paying for lavish government and public education pay and benefits is crippling the entire economy and destroying the creator of job growth in America…the private sector.
Small businesses and large corporations have become more burdened with ever-increasing government interference and taxation that robs them of the capital necessary to expand. Huge costs and trillions of dollars in hidden liabilities that are only now beginning to be seen have been accrued and we have not even begun to address what torts and rampant litigation has done to businesses.
Quite simply the private sector consists of individuals who all pay taxes to support the “public sector.” It is unfair to tax the employees and the businesses of America to the point of extinction in order to support “public servants” who receive a hugely disproportionate share of all tax dollars taken from the private sector. The burden to support this socialist agenda is unsustainable and violates the principles of economics. The evidence to support this claim is now abundantly clear to those European nations that have walked down the path of socialism long before us and they now find themselves on the edge of economic ruin.
Greece, France, Iceland and Spain are some of the most extreme examples of failed nations because of failed economic policies. They have lost the ability to remain independent and found it necessary to seek welfare from stronger nations. This has created economic and civil turmoil.
We must learn from these horrific examples because this is going to be our future unless we make some immediate course corrections.
Barrack Obama, the leader of the free world, says he wants to create more jobs, but we also see that he has a distain for large corporations and loathes business leaders. How does one both create jobs while disparaging and obstructing business leadership? Obviously, you don’t unless your objective is bringing down capitalism. Yet this is where leftist democrats in our nation have chosen to go and our only hope is to continue to fight them and reject their socialist agenda at the ballot box. It’s time to rejoin the fight, because this time you can’t afford to sit it out. No matter what party you belong too, if you support free enterprise you better vote for conservatives or we’ll be relinquishing our superpower status and all that goes with it to someone else.
In addition to the shakey financial aspect of this outrageous assault on the private sector is the uncertainty about what extreme liberal progressive policies engender. The President and his advisors continue to believe that business needs “loans” so they can buy equipment and “expand”. This shows they have zero understanding of what is needed to create business and jobs and grow wealth and the economy.
Vote conservative…and support those conservatives to do the right thing…because they DO UNDERSTAND! And despite what some who contribute on this blog say, conservatives are not against all government funding. What conservatives know is that even the funding necessary for reasonable (smart) government will not be there without a thriving economy. We know that policies enacted to strengthen the private sector will generate MORE taxable revenue, not less!
Conservatives are for a win/win economy. We also strongly believe that government sector must be more responsible and accountable. They have a fiduciary responsibility to the taxpayers to spend our tax dollars wisely. This might mean that a program that hasn’t achieved it’s goals should be scrapped or reconsidered….sunset clauses might help in this regard. This means that all government departments should be required to file quarterly accounting returns…I want to know how every penny is spent. If government workers had to report like business does they might have more appreciation for their responsibilities! They should do this without new hiring too!) This also means that all new legislation should be Constitutionally sound before it is voted upon to avoid entitlment legislation that is unsustainable and that encourages dependency.
So, are these newly elected Tea Partiers going to take credit for decent job numbers these last two months (and, we can only hope, the next several months)?
Probably.
When they had nothing to do with it, at all, whatsoever.
We, who are paying attention, do not respect you.
And how many jobs did Nancy Pelosi, Harry Reid and Barrack Obama create? And what did it cost you (us)?
Jack,
Great post. I really liked this one.
Libby, it would be nice if there were actually democrats who believed in creating jobs, then I might be able to give them some credit when it happens.
The problem is that all the democrats I see are opposed to job growth. They are more interested in shutting industries down with over intrusive government regulation. They know their policies will kill jobs and they do it anyway. The democrat party is anti-job.
“Libby, it would be nice if there were actually democrats who believed in creating jobs, …”
Yoo Hoo! Two months … decent job numbers … Obama policy in place … who is against job creation?
Nothing that man does will every please you. And none of us wonder why.
Libby its a nice thought but overly positive and the prospects for adequate job growth in the near future remain bleak. The recent job growth, if you can call it that, isnt even enough to cover those who are new to the job market much less those that have lost jobs and remain unemployed. (14.8 million according to one report)
http://www.bls.gov/news.release/empsit.nr0.htm
The number of unemployed persons, at 14.8 million, was little changed in October. The unemployment rate remained at 9.6 percent and has been essentially unchanged since May. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men (9.7 percent), adult women (8.1 percent), teenagers (27.1 percent), whites (8.8 percent), blacks (15.7 percent), and Hispanics (12.6 per-cent) showed little change in October. The jobless rate for Asians was
7.1 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks and over) was about unchanged over the month at 6.2 million. In October, 41.8 percent of unemployed persons had been jobless for 27 weeks or more. (See table A-12.)
http://www.adpemploymentreport.com/pdf/FINAL_Report_October_10.pdf
Private-sector employment increased by 43,000 from September to October on a seasonally adjusted basis, according to the latest ADP National Employment Report released today. The estimated change of employment from August to September was revised up from the previously reported decline of 39,000 to a smaller decline of 2,000.
Since employment began rising in February, the monthly gain has averaged 34,000 with a range of -2,000 to +65,000 during the period. Octobers figure is within this recent range and is consistent with the deceleration of economic growth that occurred in the spring. Employment gains of this magnitude are not sufficient to lower the unemployment rate. Given modest GDP growth in the second and thirds quarters, and the usual lag of employment behind GDP, it would not be surprising to see several more months of lethargic employment gains, even if the economic recovery gathers momentum.