Radioactive Constitution

  We hear from the Government run media that the worse is over. The economy is recovering.   Now we hear that this is even more jobs lost to this economy.   Jobless Rate reaches 9.8% in September. 

Most analysts expect the economy to continue to improve, but at a slow, uneven pace. Government stimulus efforts, such as the Cash for Clunkers auto rebates, likely boosted the economy in the July-September quarter, but economists worry that growth will slow once the impact of such programs fades.

The Government can not continue spending money to hide the real situation of the economy.   Yes this is the worse recession since the 1930′s  But Reuters will only admit that this is the highest unemployment since 1983.  Where they admit the missing link for this economy recovery is the employment numbers.   The loss of 263,000 non farm payrolls just for the month of September. 

Manufacturing employment fell by 51,000 in September, while construction industries payrolls dropped. The service-providing sector cut 147,000 workers in September, while goods-producing industries shed 116,000 positions.

Look at the sectors losing jobs.   But now the Government employment is losing jobs. Not at the federal level but at the State and Local level.  wiht 53,000 jobs lost in September.  The only sectors had an increase in jobs were Education and Health. Two area that are required inspite of the economy.  We need our kids educated and the economy does not prevent us from getting sick.  

If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.

All told, 15.1 million Americans are now out of work, the department said. And 7.2 million jobs have been eliminated since the recession began in December 2007.

The recession that President Bush inherited when he took office was not as bad as we seeing today. One of the factors is that the first thing he did was cut taxes on Small Businesses.   Not more than a few months later 9-11 happened which caused major job loses due to fears of travel.   Our economy was hurt by that attack. But the overall affect was dampened because of the TAX CUTS on Businesses that took place.

In the Current Recession. No talk of tax cuts on Businesses. The worse part is THE BUSH TAX CUTS GO AWAY NEXT YEAR.   We will have a higher tax rate on our economy which will slow the economy even more. 

I love the argument the only way we can fix the economy is by government spending because they are the only ones with money.   I had this argument with a liberal college Classmate.   Sure but now the Federal government has spent all the money and currently is printing money with no backing to try to keep things afloat. 

We are at a very dangerous crossroads.   If the Federal Government keeps spending and printing money we will have high inflation.   The US dollar is being considered for removing for world currency.   So the one thing that kept our Dollar strong was other countries buying our dollar goes away.   We can face high if not hyper inflation.    Mexico had a very bad in the 1980′s and slowly recovered in the 1990′s  When the peak inflation in 1987 was 159%.  That is right a hyper inflation that destroyed peoples savings.   Because the value of the peso was worse less each day.  Spend the time to read the article I linked on Inflation in Mexico.  Double digit inflation or more for 20 years.  

So the current Democrat Congress is looking at taxes us on our ENERGY,  MEDICAL, and INCOME.  

CAP and TRADE bill is a tax on our energy use.  WILL THIS CREATE JOBS?   No it will drive more jobs overseas.

Current GOVERNMENT RUN HEALTH CARE PLANS includes billions of dollars of taxes on Insurance companies which means higher cost for Health Insurance.  The Hidden tax on everyone because it is Health Insurance companies pay these billions of dollars in Fees to pay for those who are not insured. So your insurance rates have to go up because you now have to pay for insurance for those who are being given it for free.   You will not see Federal taxes rise. But OBAMA sure is making certain if he can not tax you he will Regulate and TAX other groups to be his TAX COLLECTORS.    And yes to pay for the Health Care bill tax on high income earners will take place. 

The more money Government takes from the economy in taxes the less money available for our economy to recover and start to grow.   Our current future depends on what the Federal Government does.  The State Governments can destroy their state economies but the Federal Government can destroy the whole nation economy.   WHERE ARE THESE MILLIONS OF NEW JOBS OBAMA promised with the EMERGENCY STIMILUS PACKAGE?

The bottom line will our economy recover or go into a depression. What happens in Washington DC will determine our future.   The future is not looking good because it is the TAX, TAX TAX party in power.  And the spending is going to political allies.   The question to ask your elected officials do you care about the economy or are you looking to keep spending the pork hoping it will buy your next election. And the economy goes down even further.