Cincinnatus BLOG *** Political Commentary - Social Commentary

  The first lesson every President learns is that in trying to please all his constituents he pleases no one, including himself. President Obama sold the $800 billion Stimulus Plan to the American people as a strategy to create untold infrastructure jobs. If fact, President Obama said the stimulus plan would save or create 3.5 million jobs in the next two years and that he hoped to limit the unemployment rate to a peak of 8% this summer. In typical political bait and switch fashion his democratic Congress allocated 8% of the stimulus money to infrastructure projects. Instead of infrasturture jobs Congress gave us cornucopia of social programs that have been on their wish list for decades, leaving the President with egg on his face. The unemployment rate has already reached… Continue reading | 30 Comments

  Obamanomics - a "Bush" league plan for job creation. Job creation was tepid during the Bush years and it is likely to be even less robust in the Obama years. The respected Blue Chip economic forecasters, expect the unemployment rate, which surged to 8.5% last month, to peak at 9.6% in first quarter 2010. For the unemployment rate to fall, we must not only increase the number of jobs, but that increase must exceed the expected increase in the size of the labor force. In other words, merely increasing the number of Americans working will not necessarily decrease the unemployment rate. Today there are 154 million Americans in the labor force and just to maintain the status quo, 2.0 million new jobs must be created annually… Continue reading | 7 Comments