THE TRUTH ABOUT THE ECONOMY AND JOBS…

Reading today’s newspapers, it struck me that two stories were about the continued slide in job availability. The reason: budget cuts to governmental agencies which promote employment by engaging the private sector to build and update infrastructure etc. Mind you, this is not adding people to the government’s payroll, it’s giving the private sector a reason to add people to their payrolls.

After eight years of very robust job growth during the Clinton Presidency, a record, in fact, for an eight year term, it came to a screeching halt with the passage of the first unfunded Bush tax cut in 2001. As with the economy under Dutch Reagan, unemployment soared, bankruptcies sky-rocketed, and foreclosures became more the norm than the exception. Both of the Presidents, Dubya and Dutch, left the economy in a shambles upon their departure. The facts are clear, tax cuts do not help the economy, they hurt it. Under Dubya, by his last year in office, the country was losing 800,000 jobs a year! That’s quite a legacy, as well as quite a resounding, no screaming, reason why tax cuts don’t help, they harm. Except, of course, the top 2% of the income earners and businesses that actually benefit from that reckless policy by adding the extra money to their bottom line profit. Losing 800,000 jobs a year tells me businesses don’t use the unaccounted for tax cuts to grow and expand.

You’ll note I refer to the tax cuts as unaccounted for. That’s because they are. Persons and entities in the top bracket, the so-called “job creators” like tax cuts because it’s free money, not tied to any rules or performance. Though both the Health Care Reform Bill and the Stimulus Bill contain very small tax cuts to placate the republicans in Congress who work for the “owners”. More importantly, they contain tax credits. These are credits earned by individuals and businesses for performance to enhance the economy, like creating jobs and hiring the unemployed. These bills contain massive repayments for capital expansion too. This way, the government can hold recipients of tax breaks accountable to perform. It makes perfectly good sense to me. I worked under 100% commission or under a “management by objectives” system. In other words, I was held accountable for the results of my work, and rewarded very favorably for doing it right. A great system! it holds people accountable. I do not believe in paying salaries or hourly wages without any accountability.

Why does this matter? Because the right-wing, which has controlled the message in this country since March of 2009, believe in the opposite. They believe in free hand-outs from the government and they don’t believe those receiving tax breaks from the government should be held accountable. You see, that top 2% loves the gravy train from Uncle Sam. It’s a free money grab! So as they get richer, being helped greatly by free money from the government, the middle class is on its death bed, and the people living under the poverty level has expanded now to almost 15% of the population! This situation is happening in the “greatest country in the world”! Is this acceptable?

The reason why the calls from the right to CUT-CUT-CUT! are a joke. We have proof their method for fixing the economy doesn’t work. The private sector, even while receiving so many unaccounted for tax breaks, has shown a great reluctance, no, revulsion, to spending money to expand payrolls. They are making record profits on the backs of greatly reduced yet massively over-worked work forces. The collapse is coming, but not fast enough to help the economy now. In light of the fact the private sector refuses to grow and expand, the government now must invest in the country. With programs to upgrade the crumbled infrastructure, the private sector will be forced to expand to handle the scope of the work that is needed to be done. As growth starts happening, more people will be earning paychecks, meaning people will be able to spend more money on both essentials and luxuries. Having more people on payrolls adds to the income revenue to the federal and state governments, and a population with purchasing power adds to state and local coffers via sales and use taxes. By giving people the ability to start spending again, we’ll see manufacturing rise as demand for goods rises. Have I lost any of you yet? Does anything I have said not make sense to you? It’s pretty simple stuff here.

The Congressperson who has most railed against government spending, Batshit Bachmann, not only has she taken hundreds of thousands of dollars for her and her family’s businesses, but she wrote letters to the Secretaries of Commerce and Transportation 16 times after the Stimulus Bill became law to beg for project money for her district! She cited the terrific benefits of the Bill to provide many jobs, get private contractors work, and make things in her district better for every one. Can you say hypocrite?

The bottom line is this, if the country is going to break the chains of this stifling recession, the government has to take the lead. The country has patiently waited since 2001 for the private sector to start creating jobs. They haven’t thus far and there isn’t much time left before we start seeing London type scenes in this country. The government must move fast on this. The politics of mutual hate and destruction have got to cease so that the government can forge ahead with its responsibility to reverse the trend. It’s time to get big money out of politics, by the way, the right-wing mega-wealthy donors dumped over TWENTY MILLION DOLLARS into Wisconsin in the LOCAL state senate recall elections! Do you think this country can ever get fixed with that kind of influence on the government? It’s time to get rid of all the lobbyists on K Street, get rid of all of the influence purchase power of Wall Street, and get to a level playing field by publicly financed campaigns. After the initial job creating legislation in Congress and the White House, fix the tax system and you’ll see positive results! Simple right? Thanks for today’s read, and as usual, I look forward to your comments!
Cam Obert

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3 Responses to “THE TRUTH ABOUT THE ECONOMY AND JOBS…”

  1. Bob Says:

    I think you have your wisconsin “facts” wrong. The vast majority of outside dollars came from unions around the country. Of course progressives have a way of forgetting these things.

  2. tomobert63 Says:

    1) Social Security, Medicare, and Medicaid were created by:

    a) Republicans;
    b) Ronald Reagan;
    c) Democrats;
    d) The Tea Party;
    e) Communists.

    2) The Internet was invented by:

    a) Microsoft;
    b) Apple;
    c) Google;
    d) Government bureaucrats;
    e) Yahoo.

    3) The military-industrial complex is:

    a) A communicable disease treatable with antibiotics;
    b) Lots of jobs created by the government;
    c) An onus warned against by Dwight Eisenhower;
    d) A godsend for Rick Perry – an example of big government run amok according to Ron Paul;
    e) Located in San Antonio.

    4) Medicare is:

    a) A government-run health insurance program;
    b) A privately owned and operated health insurance program;
    c) The primary health insurance plan for nearly 45 million Americans;
    d) The principal source of the national debt;
    e) An ambulance company in Sheboygan.

    5) The University of Minnesota, the Golden Gate Bridge, and the National Centers for Disease Control are:

    a) Examples of wasteful government pork barrel spending;
    b) Only related through the 6-degrees of Kevin Bacon;
    c) Government investment in the well-being of all;
    d) “Too expensive” to be created today;
    e) Examples of government things that should be privatized.

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