Wednesday, December 01, 2010

Unemployment and the State of the Nation

Our current economic conditions are an accumulation of 30 years of foolish monetary policy. I remember getting a primer on it while a banker in Fort Wayne, Indiana. Its premise is that surpluses are built in good times to assist the economy in bad times. But politicians being what they are, having a pot o gold is too much to resist. Only this time, it went out as tax cuts instead of spending.

Kool Aid drinkers on both sides point to one another. A truth about regaining sanity is to look at your actions and be responsible only for what you can control, and don't take someone else's inventory. Unfortunately, that is exactly what they do.

So now debates rage on immigration, unemployment federal extensions, and START treaty. And the extremes hold dearly to their positions. And the problems go on.

Take federal unemployment compensation. During my stay on the' "dole", it was difficult to determine from the information provided what could be done. For instance, if one works one week and reports it, does it interfere with next week's payment?

I received Social Security Disability in the mid 80's. Rep Andy Jacob, and a moderate republican senator sponsored and passed a bill that allowed SS disability recipients to go back the work yet have the safety net under them if chronic conditions recurred within specified time periods. Previously, they would start all over with a six month waiting period.

I'm a fan of William F Buckley whose main thesis was Government should not do what the private sector can do. It does what is needed. The private sector is not providing jobs. Repubs think giving them more money in the form of tax breaks and other incentives would work. However, your basic transnational company isn't patriotic, has been focused not on making money, but maximizing profits. A brief review of literature over the firms who received TARP funds will substantiate this.

In the 1930's, starting in Jackson County Missouri, Harry Truman, as a county judge aka commissioner, parked the machinery and put men to work on the roads. It is thought that it was the model for WPA projects. However, we do not see this occurring with the big companies, but with small businesses, those whose owners are more connected to people, extending help wherever possible and within their resources.

I do believe that we are entering a very dangerous time in our history. We have submitted ourselves to belief systems such as multiculturalism, strident feminism, rigid conservatism, etc that it is a struggle for the middle to hold against the ends. Yet this is necessary for the survival of our constitutional republic.

And I haven't even addressed the issue of sexual immorality.

Labels: , ,

0 Comments:

Post a Comment

<< Home