Friday, December 4, 2009

Creating Jobs

Good news! Unemployment dropped from 10.2% to 10%.
Growth was 2.8% last quarter after 4 quarters of decrease.
The signs are that a weak recovery has begun.
Congress and the Executive are thinking about a bill to
stimulate hiring. Bad idea! The biggest impediment to
hiring is uncertainty about increased costs associated
with pending legislation - cap & trade, tax surcharges
and health reform.
Adam Smith (1776) and Ayn Rand in the 20th century liked
laissez-faire capitalism and individual initiative versus
socialism and wards of the state.
65 million Americans pay no taxes. Many of these receive
money. They usually vote for the Democrat candidates.
Since only 50.1% of the vote will elect, these legal bribes
will continue a Democrat majority - regardless of the
Constitutionality of their actions.

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