As we near what most people consider the traditional end of the summer season this Labor Day holiday it's worth taking stock of where we are at with respect to our economy, specifically labor.
It's no secret we're in bad shape however our economy LOST 283,000 jobs during 'Recovery Summer' months.
http://bls.gov/news.release/empsit.nr0.htm
We now hear from all same geniuses that knew the first stimulus would work saying that we need more spending and shouldn't cut taxes for those of us earning over 250K a year because we will just rat hole or save it and not invest. What a crock of Shit. I'll guarantee these morons have never met a payroll or ran a private business in their lives.
Barbara Boxer bragged about her economics degree in her debate with Fiorina this week criticizing her for outsourcing Hewlett Packard jobs out of CA. Jesus Christ! Like HP is the only company fleeing that fucked up state!
Don't cut taxes for corporations and incomes over 250K and see what happens. Get use to 10% unemployment, 1.0% GDP growth and shrinking revenues into government coffers at all levels.
I'll tell you straight up more "investment in infrastructure", 6 month payroll tax holiday, and my favorite, spending more on research and development will do absolutely nothing significant to jump start our economy. We would most likely see a smaller up-tick in consumption / production then we did after the first stimulus.
And by the way something...Research and development on what? More fucked up battery companies like ZBB Energy Corp in Wisconsin?
The Obama administration is full of "educated idiots" and replacing them with more of the same after the election won't make any difference. That being said it is awfully hard to "remind ourselves that better days are ahead" as Obama just told us a few moments ago.
Edited 3 time(s). Last edit at 09/03/2010 10:50AM by mcsmack.