To the Editor:
Now that President Obama’s “Summer of recovery” is over, we hear that the recession ended in June of 2009. Well, bless me, I guess that makes everything just fine.
But, what about the nearly ten percent unemployed? The additional ten percent underemployed or discouraged workforce drop-outs? The record levels of Americans in poverty? The miniscule economic growth rate? The media described President Bush‘s five percent unemployment rate as a disaster. The media describes President Obama’s numbers as the “new normal”.
Unfortunately, if President Obama’s policies are continued, these numbers, and the personal disasters they represent, may be the “new normal”. Few businesses will invest and hire people when they cannot estimate their expenses because of the many unknown costs of President Obama’s agenda, e.g., Obamacare, cap and trade, card check, executive compensation limits, personnel policies, taxation, etc. What business executives will take risks when the government can declare a business “too risky and too important” and just take over the business, dismiss the executives, and wipe out investors as it did with car company investors?
As long as President Obama and the other liberals (or “progressives” as some prefer) smear business executives and investors, create a treacherous economic environment, and…
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