Where is the economic recovery?

How’s the “economic recovery” working out for you?

Never quite seems to get legs, does it?  Gee, I wonder why?  After all, many companies are sitting on all kinds of cash.  Microsoft and Apple alone are sitting on $70 billion.  Why aren’t they creating jobs with it?

Well, there’s Obamacare sitting out there.  There’s lots of rumbling about tax increases.  The regulation of carbon dioxide remains one of our god-king’s dearest wishes.

Why would any prudently-managed company risk hard-earned treasure in such an environment?  Hey, the cash isn’t doing much, but at least we’ve still got it.

The scariest part of the whole thing is that I question whether anyone in the Obama administration really understands what’s happening.  When government is your religion and big business is only useful to soak for the latest hopey-changey program, that’s what happens.  Further, the administration seems clueless to the notion that a new government job needs corresponding growth (plus) in the private sector to pay for it.  The new government job, by itself, is nearly useless as an indicator of economic integrity.

How much do I love it that tens of millions of voters will be going through their annual enrollment paperwork—health insurance changes front and center—right around the time they vote?

If the Republicans do take back the House, I can’t wait to see what the stock market does on Wednesday, November 3.  I also can’t wait to hear what our esteemed president has to say about it.

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3 thoughts on “Where is the economic recovery?”

  1. I was reading about the Pentagon’s goal to slash 10% of its private contractors in order to reduce costs. You know, slashing 10% of the government personnel would save far, far more, because contracting actually holds costs down. Contractors compete for that work, thus requiring somewhat attractive bids. If they are out of the process, nothing technical will be accomplished and it will cost an arm and a leg in overhead.

    Of course, I’m just a racist, biased, pig with tremendous problem-solving abilities, but what the hell do I know? I do know that poor people and bankrupt companies never gave me a job.

    Reply
  2. Do I think they understand what’s happening? Yes, and no.

    Yes, I think they do, and the conspiracy theorist in me thinks it’s part of a master plan. A socialist, somewhat fascist, master plan.

    No, I don’t think they fully appreciate what’s happening, as the vast majority of the folks in place up inside the Beltway have never had to hold a private sector job, nor have they any real private sector management experience. When one spends one’s entire professional life as a public sector hack, kissing their way up the ladder and relying on a heavily-greased network for their upward mobility, it’s easy to block everything – and everyone – else out.

    The Ruling Class maintains their quid pro quo and the rest of us lose to the oligarchs again.

    Reply

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