Congress is now going to approve a new round of unemployment insurance without making spending cuts to keep the benefits budget neutral (as Republicans wanted.) But for every available job there are at least 5 job seekers. The Obama stimulus program is not working.
What is wrong with our government? Why can't they get the program working? Was it just Democratic propaganda that we were going to build high speed rail transportation and get infrastructure programs in place so that people would have jobs? No, nothing is happening fast enough to provide jobs. This must be because of the present government's inability to manage the programs and get the programs into operation.
Instead the government has actually acted against projects that were already in place causing many job layoffs and even possible damage to our security. Examples: The cancellation of NASA's Constellation program which cost at least 500 jobs and maybe more. Cutting the F22 fighter program causing not only directly related job loses, but also causing vital production line shut-downs and loss of technology. Refusing to release funds for a back-up engine for the F-35 fighter which is now a single source item. These government decisions have cost jobs, damaged our technical resources, and reduced the military and space capability of the US. One more example: Obama ordered the stoppage of all deep water drilling in the Gulf. This has caused 40,000 plus jobs and again, we will lose expertise and drilling rigs as they are moved elsewhere. There is no sense in this stoppage of work, as there have been no major problems except with the BP well that blew up due to bad decisions and failure to follow proper safety procedures. There are probably other examples of government interference in the economy or business costing jobs that could be found with a little research.
At the same time, the government is now anti-business, issuing onerous new financial regulations that will cost jobs because banks and other financial institutions will have to lay-off workers to off-set the extra costs involved meeting the new regulations. Also the financial regulations will affect farmers, oil companies, and utilities that use derivatives to protect their future positions in the commodity and energy markets. Watch the cost of food and energy go up as a result as the farmers and utility companies have to price their products and services higher to protect their operations, or even go out of business which further tightens supplies causing more price increases. In addition, people will pay higher taxes and higher insurance costs as a result of the new health care law. What else will the government do to hurt the economy?
In order to create jobs, the government should cut the red tape and get business stimulated with tax cuts and reductions in regulations. In order to create jobs there needs to be actual work to be done so hiring will take place. At this point we really need both business stimulation and whatever infrastructure, NASA, or military projects we can get into operation to create real jobs!
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