Saturday, December 06, 2008

Befuddled Media Can't Figure Out Where 533,000 Jobs Went

There are several aspects to the current recession that the mainstream media will not tell you about or connect together.

First, the economy was still growing when the Democrats took control of Congress two years ago. There were growing problems in the macro economy to be sure, but there was also time to deal with them. But all the Democrats were interested in, as well as the MSM (redundant, I know), was demonizing Bush so they could get a Democrat elected President.

Second, in the same month that Obama was elected President, 533.000 jobs were eliminated in. Here is one reason why.
Daschle maintains the efforts to bring about universal health coverage in the first two years of the Clinton presidency took too long. In a book published earlier this year, he urged the next president to act immediately to capitalize on the goodwill that greets any incoming administration. His speech and recent behind-the-scenes meetings with lawmakers and consumer groups address that point.

"We need to be on the offense," Daschle said.
He cited other lessons, too. This time around, lawmakers can't try to address every detail when it comes to legislation.
"Details kill," Daschle said. "If we get too far into the weeds, if we produce a 1,500- or 1,600-page bill, we're going to get hung up on all the details and we're never going to get to the principles."

Once Congress does take up a health plan, it also can't divert attention to other subjects, he said.

"Let's not put it down, let it lie there for months and months and figure out a time when we can get back to it later," Daschle said at a Colorado Health Care Summit organized by Sen. Ken Salazar, D-Colo.

Nevertheless, any health care overhaul will have an enormous price tag. During the campaign, Obama said he planned to pay for expanding health coverage in part by increasing taxes on the wealthy and requiring larger businesses to provide health coverage or contribute a portion of their payroll to a new public insurance plan. The current recession provides a significant obstacle to both options.
So let's summarize the plan:

1. Take over 17% of the economy by nationalizing health care services.

2. Be offensive and act fast.

3. Don't provide any details, just get some sob stories out there in the media.

4. Raise taxes on "the wealthy" punish businesses, and deficit spend (thus also raising taxes via the back door). See, if you cut your payroll, you stand a good chance of limiting your exposure to Obama's higher taxes.

And then some folks wonder why 533,000 jobs got cut in November.

A large part of the reason is Obama's socialistic plans to punish business and make them pay into some fund per employee. Fewer employees, less health insurance tax you have to pay.

This will create more incentive for business to contract out work, automate, anything but increase employment.

I predict the biggest growth sectors in the next four years will be automated business systems, agencies that contract out labor, and the federal government.

No comments: