We need those things that made us great; forgive the flag-waving, but I do believe we are the greatest. We need the best commercial infrastructure in the world; the most efficient, most state-of-the-art transportation, energy, and communications grids in the world. We need the most consistently well-educated population in the world, the well-spring of inventors and entrepreneurs. We need an internationally-competitive business environment; we have some of the most relaxed tax laws and requirements in the industrialized world, but U.S. multi-nationals are burdened with two costs that few of their competitors face; health care and retirements.
Posts filed under Economics
Mittenomics
Saint Ronny the Gipper never saw 4% unemployment during “Morning in America”; he finished at 5.4% in January of 1989 after seeing 5.3% for the two preceding months. Let us also remember that he started with 7.4% unemployment in February of 1981, and saw it climb to 10.8% almost two full years after taking office. The February 2009 number that our current White House resident was greeted with was 8.3%. He took office at the end of January 2009, and the first full month of his Presidency saw an unemployment rate of 8.3%. Unemployment now stands at 8.1%. That is, for the math-deficient, 0.2% of a percent lower than it was when President Obama got started.
Raiders Of The Lost Buck
Mitt Romney isn’t a bad guy because he was born with a silver spoon in his mouth. Mitt Romney isn’t a bad candidate for president because he is a multimillionaire with three large homes. We the people have enjoyed the results of successful presidents from many points in the American spectrum; rich, poor, and middle of the road. The problem for Mitt Romney the candidate, is that he does represent the kind of business that has nearly destroyed our way of life, and did destroy the lives of millions of our fellows.
Debt Tragedy Explodes, Godzilla Feared Next!
John had been working for a large plumbing contractor that offered good insurance and a strong wage, but in 2008, he inexplicably chose to be laid off. When reached for comment, Mitt Romney remembered, “Back when I was a younger man, I was afraid of the pink slip, but when my boss came to lay me off, I just said no thank you, and went back to work. Later at the club, when my boss and my Dad were talking business, Dad cleared the matter up, and I was able to return to a more normal existence. John Everyman had his chance, he had his choice, and he chose to be laid off.
The Uncommon Sense Of Austerity
What our democracy is telling us, via historic and current reporting of financial data, is that fiscal austerity is uncommon sense. The short terms challenge to fiscal stability is the jobs deficit, not the budget deficit. The jobs deficit means consumers have less money to buy the goods and services of businesses big and small. The jobs deficit and massive top-end tax cuts are the reasons revenues have fallen.
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