Well, despite all the media hype about how President Obama was going to pull us out of the recession, more people are still losing their jobs. The unemployment rate climbed to 9.5 this past month, and where oh where has all the money gone?!
Well, let's see...billions to foreign aid. Billions to welfare. Trillions to our crummy public education system. And the Fed continues to print more Monopoly money, so be assured that the weekly 'Free Parking' truck will be around quite soon!
Now, perhaps I'm being unfair. But I don't think so. The government seems to think that the only way to achieve prosperity (a rather shallow goal, at the best of times), is to get in debt. We have a President who apparently worships debt, hailing it as the end-all to economic success.
Somebody needs to hit them all upside the head with a great big dose of reality.
Debt doesn't bring prosperity. The only thing it brings is 'Stupid tax' as Dave Ramsey phrases it. America is paying a lot of stupid tax. Or, they would be, if the government was actually trying to pay off their debt instead of let it fester and accrue interest...and be there so China can own us in a few years.
Debt does not equal economic success. Like I said, it only brings with it more spending. If my family had not bought a house that was too expensive, and hadn't bought so much stuff on credit, we would be comparatively well off right now. Yeah, we might not be living in the best neighborhood, but we wouldn't have to worry about where food was coming from next week.
A lot of families are in that fix. Why? Because they've gotten themselves into debt.
Now, back to our original topic.
Why is 'creating jobs' the end-all? It isn't the government's job to create jobs. It never has been, and it won't be. Ever. But, somebody needs to tell that to our Smart and Smarter legislators in Washington. Oh, and to our President. (Somebody also needs to tell him lots of other things, but that's another post.)
I truly think that if the government would back off and let the economy run it's course, we'd see an improvement. The people who run these businesses know what they're doing. They're trying to make money. Having to kow-tow to the government doesn't make them money. Firing or laying off people doesn't make them money.
Neither do unemployment taxes, or social security taxes, or any of the other dumb taxes they have to pay to the government. It isn't profitable to run their businesses. So, they'd be pretty silly if they stayed in a business that wasn't making them money.
The government needs to back off already. Seriously.