Why We Keep Losing Jobs
There are several reasons for the continued job losses, and the economy isn’t the main one. This is from an article on CNBC, “A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.”
Maybe if our congress would stop spending and taxing everything they can think of we could actually create some jobs. As noted by the 10.6 billion in revenue Intel had this quarter, the economy really isn’t that bad. Apparently somebody spent some money last quarter. Unfortunately, Congress and the White House think the answer to everything is to spend more money. The house just proposed spending 2.3 billion to create 17000 jobs. If you do the math that is $135,000 per job. That doesn’t seem to be a very good return if you ask me.
Between universal healthcare, carbon emissions, and random taxes just because they can, business owners don’t know what kind of costs they are going to have in the future.
“If these companies are in good enough shape to afford massive bonuses, they are surely in good enough shape to afford paying back every penny to taxpayers,” Obama said about the banks. Wait a minute, the banks did pay back the TARP money plus interest. GM and Chrysler haven’t paid them back, but they are excluded from this tax. What in the world is this other than favoritism for Obama’s unions. Remove the uncertainty and you will get your jobs. There is no need to continue wasting billions and trillions of dollars trying to help the economy. The only thing it is doing is creating a debt that we cannot repay, a debt that is going to ruin us.
Another problem we have is the constant extension of unemployment benefits. I am really sorry if you have lost your job, but there is no reason for unemployment benefits to last a year. The only thing this does is give people a reason not to go back to work. Our current unemployment is about 10%, but the real unemployment is closer to 17%. The difference between those numbers? The extra 7% aren’t looking for a job. That isn’t being discouraged, that is being lazy. If I can’t pay my mortgage and feed my family, you can be sure that I won’t stop looking for a job. This is the product of government handouts.
Let me know if you wish Washington would remove the uncertainty and get out of the way so this recovery can have a chance.