U.S. payrolls plummeted by 260,000 in September as the unemployment rate inched upward to 9.8 percent, the highest level since 1983. State and local governments are reeling, and businesses small and large are posting losses.
“Where are the jobs?” is a rightful refrain Republicans like Rep. Mike Pence have been repeating for months now, and the Obama administration continues to lose focus.
In a statement, Pence said:
The American people know that true economic recovery starts with fiscal discipline in Washington, D.C., and tax relief for working families, small businesses and family farms.
The Democrat-led Congress is letting those wise words fall on deaf ears.
Adding insult to idiocy, Vice Pres. Joe Biden gave the not-so-brilliant assessment that “We don’t think that ‘less bad’ is good.”
Entrepreneurialism Not a 4-Letter Word
The problem at hand is a lack of jobs, caused by government meddling in what should be left to individuals acting in their own self-interests. This is free-market capitalism, where the unintended consequence is that everyone benefits.
It’s amazing what happens when liberals tax and spend other people’s money. Just look at how our government has wasted hundreds of millions of dollars on an inefficient pet projects like John Murtha’s airport.
The bottom line is that individual “greed” motivates an entrepreneur to allocate his own resources efficiently, where his past profits become his future investments.
It takes money to make money, and coincidentally, it takes workers to make the widgets in the capitalist’s factory. As my economic professor used to say, “What greedy little capitalist piggy wants to stop at making $50,000? $100k? $500k? $1 million?”
Competition is a capitalist’s constant threat. It keeps him in line; it keeps him honest and on his toes. Liberals seem to ignore that fact and are eager to portray entrepreneurs as evil-doers. However, it is their complete and utter ignorance of how the world works that poses threats to our liberty and prosperity.
The Equality of Opportunity
The real evil is the United States’ fiscal irresponsibility that has empowered indirectly other countries, including our enemies, at the expense of blacks and minorities in this, a U.S. welfare state. Instead of economic equality and racial reparations, we need the equality of opportunity, where everyone starts the race from the same starting line.
Add to our nation’s woes a looming crisis in the Middle East, a belligerent, tyrannical dictator in North Korea, and not to mention an ongoing war in Afghanistan. All the while, Democrats keep conjuring up new ways to legislate the way to prosperity. It will never work. I can’t think of a better way to drive investors and jobs out of this country.
Will liberals ever admit that government is the problem?
Instead, these events have captured our imagination in recent months, overshadowing the urgent need for jobs:
Top 10 Reasons the U.S. is Losing Focus on Jobs
10. Cash for Clunkers
9. Health Care Reform
8. Cop, Educated Idiot Meet for Beers
7. Chicago-style Olympics Pitch
6. National Energy Tax
5. Soft Drink, Fatty Food Sin Tax
4. Where to House Guantanamo Bay Prisoners?
3. United Nations Apology Tour
2. A Hate Crimes Bill for Gays and the Transgendered
1. Presidents Clinton and Carter Form Racial Tag-Team
Watch for Pres. Obama to host another prime time news conference soon. Or maybe this time, we’ll be treated to a long-winded speech live from the Oval Office?