Saturday, June 2, 2012

I have no answers

I am sorry but I cannot solve the economic and unemployment woes afflicting  this nation.  Friday was one hell of a  day  -- official unemployment was announced as 8.2 per cent (it is really 15 per cent); job growth was almost non-existent, and the Dow Jones average dropped 275 points.  The market losses of the last several days wiped out all gains of the year.

There are actions that could be taken to create jobs; I have pointed out some  several times.  They include repealing all EPA regulations of the Obama administration; fully develop our fossil energy resources; do away with the energy czar; reduce the corporate tax rate from the present 35 down to 15.

The Obama administration is philosophically committed to government control of every facet of civilian life and thus is unable to allow the private sector to heal and begin hiring. Expect nothing but harm from government until and unless Obama and the Democrat senate are voted out.

But here is the really bad news. I am afraid that no matter who we put in office he or they will be unable to restore the nation to health.  We must cut spending and every reduction of entitlement programs will be fiercely opposed by those affected.  Yet, the bitter truth is that those programs must be cut and cut to the extent they are painful if this nation can avoid becoming another Greece.

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