Wednesday, August 25, 2010

John Stossel on Where'd the Jobs Go?


Why isn't the economy recovering? After previous recessions, unemployment didn't get stuck at close to 10 percent. If left alone, the economy can and does heal itself, as the mistakes of the previous inflationary boom are corrected.

The problem today is that the economy is not being left alone. Instead, it is haunted by uncertainty on a hundred fronts. When rules are unintelligible and unpredictable, when new workers are potential threats because of Labor Department regulations, businesses have little confidence to hire. President Obama's vaunted legislative record not only left entrepreneurs with the burden of bigger government, it also makes it impossible for them to accurately estimate the new burden.
You will find the whole thing at this link.

We had better all hope that the American people walk into the polling stations this November and start the process of halting and reversing the economy-killing insanity that began with the passage of TARP and has only accelerated since.

We are running out of both chances as well as time to keep the good ship America from rolling over for good, as it is now listing perilously close to the tipping point.


DCG said...

Good news, WA ST had highest amount of voters in our primary in over 40 years! Bad news, we've got Dumb & Dumber at the helm...Nov can't come soon enough. Hope & change for sure...

The Doktor said...

Hang in there, Deb. We've got the Left running as scared as I've seen them in 20 years. Only huge voter fraud can keep the goons in office.

Doktor Dubitable

Dave said...

DCG and Dok,

I hope we run them clear to Canada.

And if that's still too close, there is always North Korea.



When liberty is taken away by force it can be restored by force. When it is relinquished voluntarily by default it can never be recovered. -Dorothy Thompson