Congressional Ds Push Same Failed Policies
The Obama Administration promised unemployment wouldn’t rise above 8 percent with the passage of the “stimulus,” however, unemployment currently stands at 10.2 percent nationally, which is the highest unemployment rate this country has seen in 26 years.
Congressional Democrats are now concerned about the 2010 election and as a result will push a “jobs” bill before the end of the year, perhaps to try and convince the public they really are rolling up their sleeves and doing something, anything really, to create jobs.
They hope to get a “jobs” bill out before the House is slated for adjournment on December 18, although this date could change depending on what happens with the job killing “Healthcare reform” bill that’s already passed the House.
Concerning the “jobs” bill, Congressional Democrats have put ideas on the table that merely push the same policies found in the already passed “stimulus” bill. They have communicated a desire to extend unemployment benefits and provide additional funding for highway and other “critical” infrastructure projects.
Sure, government can hire a potentially infinite number of “employees” to dig a hole and then fill the hole, but that doesn’t mean such action is good for the economy, or that it bodes well for long-term growth. It simply means there are now new workers on the public’s dime that may or may not be contributing to long-term growth while saddling taxpayers with massive debt obligations.
According to Andrew Taylor of the Associated Press, all of the ideas Congressional Democrats have proposed don’t directly create new jobs.
Rather, stimulus packages merely fund one-off bouts of consumption spending. By contrast, job creation and economic growth require capital accumulation via savings; firms cannot invest in new production and employees without marshalling the requisite capital. Capital accumulation and the resultant creation of jobs, rising incomes, and economic growth accumulates to the extent government refrains from engaging in activities that impair capital accumulation and increases the cost of doing business (taxes, regulations, price controls, unionization). Siphoning of capital accumulated via savings to fund consumption by government and recipients of its spending hamper job creation and economic growth.
For more info, kindly click on this link.
So why is a proposal to continue a failed policy not raising more questions? Why would we want to continue the same failed policies that have done nothing to prevent the shedding of 3 million jobs? When we are digging a hole deeper and deeper, shouldn’t we stop digging and reevaluate? And aren’t we obligated to actually help businesses, you know, those who actually create jobs?
Although the nearly $1 Trillion price tag for the “stimulus” bill hasn’t stemmed unemployment or created jobs, someone who has certainly kept his job is the guy who makes the signs. You know, the signs that pop up on freeways that spend taxpayer money to tell us…they’re spending taxpayer money?
So we can safely say at the very least, the stimulus has “created or saved” one job…the sign maker’s job!
Not to mention the Recovery.gov website that says the federal government spent $6.4 billion to create 30,000 jobs (or $225,000 per job) in Congressional districts that don’t exist…
Congressional Democrats are now concerned about the 2010 election and as a result will push a “jobs” bill before the end of the year, perhaps to try and convince the public they really are rolling up their sleeves and doing something, anything really, to create jobs.
They hope to get a “jobs” bill out before the House is slated for adjournment on December 18, although this date could change depending on what happens with the job killing “Healthcare reform” bill that’s already passed the House.
Concerning the “jobs” bill, Congressional Democrats have put ideas on the table that merely push the same policies found in the already passed “stimulus” bill. They have communicated a desire to extend unemployment benefits and provide additional funding for highway and other “critical” infrastructure projects.
Sure, government can hire a potentially infinite number of “employees” to dig a hole and then fill the hole, but that doesn’t mean such action is good for the economy, or that it bodes well for long-term growth. It simply means there are now new workers on the public’s dime that may or may not be contributing to long-term growth while saddling taxpayers with massive debt obligations.
According to Andrew Taylor of the Associated Press, all of the ideas Congressional Democrats have proposed don’t directly create new jobs.
Rather, stimulus packages merely fund one-off bouts of consumption spending. By contrast, job creation and economic growth require capital accumulation via savings; firms cannot invest in new production and employees without marshalling the requisite capital. Capital accumulation and the resultant creation of jobs, rising incomes, and economic growth accumulates to the extent government refrains from engaging in activities that impair capital accumulation and increases the cost of doing business (taxes, regulations, price controls, unionization). Siphoning of capital accumulated via savings to fund consumption by government and recipients of its spending hamper job creation and economic growth.
For more info, kindly click on this link.
So why is a proposal to continue a failed policy not raising more questions? Why would we want to continue the same failed policies that have done nothing to prevent the shedding of 3 million jobs? When we are digging a hole deeper and deeper, shouldn’t we stop digging and reevaluate? And aren’t we obligated to actually help businesses, you know, those who actually create jobs?
Although the nearly $1 Trillion price tag for the “stimulus” bill hasn’t stemmed unemployment or created jobs, someone who has certainly kept his job is the guy who makes the signs. You know, the signs that pop up on freeways that spend taxpayer money to tell us…they’re spending taxpayer money?
So we can safely say at the very least, the stimulus has “created or saved” one job…the sign maker’s job!
Not to mention the Recovery.gov website that says the federal government spent $6.4 billion to create 30,000 jobs (or $225,000 per job) in Congressional districts that don’t exist…