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…
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Ideology to the left of us, ideology to the right of us -- boldly they rode into the jaws of the unknown, into the mouth of financial hell -- rode the five hundred and thirty five. Theirs is not to reason why; theirs is but vote and whine...
For the political class who see the current recession as harbinger of depression, embracing an incomprehensible stimulus plan provides the irrational exuberance of hope. Better to have relied on reason than a potpourri of repackaged old and tired ideas.
To argue with either side is a waste of time, as each will abandon reason at the first challenge. As John Locke succinctly put it: "Every sect, as far as reason will help them, gladly use it; when it fails them, they cry out it…
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As the world's
most inventive country we have the unique opportunity to patent our way out of the current recession and thrive in the 21st century global economy. What should we export to create high paying permanent jobs and redress our balance of payments? Ideas. It's what we do better than any other country. One country, the United States, accounts for more than one-third of
international patent applications. It's time to leverage what we do best, innovate, and create the jobs we need for today, tomorrow, and decades to come.
In hard economic times we should be looking ever more closely at our export markets and ask ourselves the basic question: What innovative products can we sell to the nearly 500 million inhabitants of the European Union, the…
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