Sorry for the headline there. Couldn’t resist the “Drone” line. The President applauded the new job figures and said that the economy is getting stronger by the day. No, he wasn’t high when he said it.
Obama cheers new jobs number.
The stock market disagrees with Mr. Obama as the DOW fell 200+ points after the figures were released. The stock market reacted, rightly, to the news that of the new 431,000 hires only 41,000 were in the private sector. Most of the hiring was for temporary census workers to harass the American public.
I’m not knocking the President here, his job is to cheer-lead whatever happens under his watch. Besides, if he has to knock anything or anyone the old stand-by of George Bush serves well. I can see the future, Emmanuel Goldstein, will be morphed into the face of George W. Bush. “Who is George W. Bush?”, the children will ask. “The enemy!” will be the response.
Businesses aren’t hiring for two simple reasons: A. The regulatory climate in the United States has business owners rattled. When Barack Obama said “I don’t stand with them,” in reference to Chrysler bondholders last year a chill went through American business. Contracts no longer have value in the eyes of the U.S. government. Obama made UAW whole and screwed over the hedge funds. While it may have made good politics to do so (at least with his Union worker base) it hurt American business at large. Lefties can argue about this all day, but the one’s that own a business and work outside of academia and government know it is true.
Reason B. Europe. Debt in the Euro Zone is out of control. Social programs and government largess toward unions and cronies is destroying Europe. Add in a low birth rate and an immigration population that has no interest in assimilating, yeesh. All I can say is, you think we’ve got problems?
The battle over U.S. immigration should be about integration, not the sheer numbers of poor people coming from Mexico. Americans don’t want Spanish to be on par with English. Unfortunately, La Raza and other “conquesting” Hispanic groups have no interest in integration. They want power. Luckily for America, the uneducated and/or working class Hispanics are integrating. The one’s with power are the problem.
The U.S. economy may stay on a “soft” footing for the next few years. The Democrats will try to take “soft” control everything (it is all about soft these days), but eventually the U.S. will get back to the business of business.
Will the Democrats “get it” a la Bill Clinton and stop the culture war? Who knows? One way or another the American spirit will shirk off this era of redistributive big government.
Related posts:
- Government solutions to government created problems: Post Office’s Rescue Plan: Junk Mail.
- BREAKING: SPANISH GOVERNMENT CO-OPTED BY TERRORISTS
- The Limits of Central Government in Modern America
- Government Questionably Moves to Oust Big-Pharma CEO
John Romano is the publisher and editor of Yes, But However!, a musician, a former political correspondent for BBC Radio London, and a serial web entrepreneur. Follow him on twitter: twitter.com/yesbuthowever or John Romano on Google+John Romano article archive.
