From Reuters:
Employers hired far fewer workers than expected in May and the jobless rate rose to 9.1 percent, raising concerns the economy might be stuck in a painful slow-growth mode…
Painful slow-growth mode? How about heading back in to recession? And that is because you can’t borrow and print your way in to real prosperity. Oh, sure, you can make the statistics look like there’s growth going on – but only for a while, and only at the cost of much worse economic times down the road. Government cannot create wealth because anything government does involves the use of wealth already created – depending on how it is used it can be a either an even exchange or a loss, but it can never be a net positive.
Unless and until we institute pro-growth policies – balanced budgets, low taxes, reduced regulations; ie, the creation of a free market in the United States – we will fundamentally get nowhere.
UPDATE: Are we already experiencing Great Depression levels of unemployment?
UPDATE II: For us to return to 2007 levels of employment we will have to create 250,000 jobs per month…until January, 2017. This can, actually, be done – if we go on a bender of making, mining and growing things. Here’s why, as long as Obama is President and liberals have power, we won’t: by “fracking” we’re finding massive, new deposits of oil to exploit in the United States. This falls under both the “mining” and “making” aspects of what we need…we’ll “mine” for the oil and then “make” oil-based products…naturally, liberals are aghast at this and are already working up complaints and lawsuits to stop “fracking”.
Until we get rid of liberalism, we’ll never get going.
Blogs For Victory 