Sunday, June 10, 2012

President Obama is "out of touch" with America

Obama does not have much concern for the plight of the average American as you can see by his comment about the private sector doing "just fine". Where his concern lies is with the public employee unions, his bread and butter constituency. The shrinking roles in these unions bring fear in the hearts of the union bosses and the Obama campaign fundraisers. How out of touch with the American people can he get? 

Excerpt: Never in the course of economic stagnation has a less-feeling, more callous, completely out-of-touch sentence been uttered. "The private sector is doing fine." 

In all of the debates that can be had over policy direction, administration priorities, whether or not the free market should be allowed to fail (and hence reinvent itself), or not (and hence keep the drag of economic growth going) one thing was known by both sides in the partisan ranks--the private sector is not fine. 

America currently has the lowest participation in the employment pool of workers (by percentage) in over thirty years. Long after the 99 weeks of unemployment checks stopped coming, people have given up. The job market has dried up. Innovation has died a painful assassination, the bullet being fired into the head, by the administration's own war on the small business man or woman. 

It is painful. It is humiliating. It is gut wrenching. In short it is anything but "fine." 

What was almost as equally disturbing the in the soundbite taken from President Obama's answer was the portion following the the "fine" comment.

He proceeded: "Where we’re seeing weaknesses in our economy have to do with state and local government. Often times cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in." 

Here we see revealed an equally inane view of economic need, growth, development and solution. 

In reality governments have tremendous power to levy the kind of help needed. State and local governments have fewer solutions than the federal government, but only by one choice. State, Local, and Federal governments all have the ability to borrow money or to raise taxes.

But state and local governments are under the gun of an electorate who is very close to them, doesn't want to see fiscal mismanagement, and has no use for even more of their hard earned money being lost in wasteful fashion. The federal government being further removed from the people, gets away with high-end Las Vegas conferences, endless rounds of golf, or sending the first dame and kids off on Air Force 1 vacations at the drop of the hat--without as much immediate consequence.

The federal government also has the one ability that states and municipalities do not--the control the printing presses to the currency. And in this administration's view--printing up as much as we need--doesn't seem to be terribly objectionable.

Read full TownHall article here.

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