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- #101
Jobs and the economy should be the top priority, because without economic growth, in light of our debts and increasing expenditures, this will lead to further economic deterioration. The problem seems to be a lack of understanding on the part of this administration and congress on just how job and economic growth happens.
Amen! This alone would solve half of the other problems. Get people working and many of our other issues will take care of themselves. When people are working the are paying their bills, their mortgage, buying stuff. Borrowing, lending, it all leads to a healthy economy. Make goods and services that are exportable. The dollar is week, what better opportunity than to increase our exports.
When businesses refuse to hire and people aren't working, they're not spending on the products and services those businesses sell. It's a classic Catch-22 situation (you heard that here first, folks, although I notice a few pundits are now also using the analogy).
But again businesses aren't going to blindly throw good money after bad until they know what the tax structure is going to be for the long haul, what the final shakeout of the healthcare legislation is going to require of them, and what regulation is going to be involved in the process. And the Obama administration has so far been the most business unfriendly administration in my memory. The priorities listed so far by this Admiinistration are not doing anything to change that.
Jobs, however, require fiscal responsibility including reining and reversing spending, putting unspent money back in the bank , rescinding special costly favors to certain constituencies. And jobs require getting the tax structure back to a business friendly status private industry can count on. And jobs require backing off unnecessary regulation that makes it more and more difficult for small business to take risks.
And NONE of that has been stated as a priority of this administration.
So what do we do about that?