Today, the news services are reporting that the unemployment rate has risen to 6.7% with a reported 533 thousand jobs lost last month. Such a rate of decline, for a single month, has not occurred in 34 years. The mindless Obamabot reaction to this information is to level blame on the current administration. However, the Bush boom added an estimated five million jobs to the economy. Cries of a "jobless recovery" were silenced early during the Bush economic recovery, despite the catastrophe of the 9/11 terrorist attacks.
What we are witnessing today is a response to what American business anticipates as an Obama led increase in corporate tax rates. As was predicted, the suggestion of increasing taxes on business merely results in business adopting a defensive posture, cutting jobs, and passing on costs to consumers when possible. These job losses are merely anticipatory. The pressure on the middle class will only worsen once Obama and his politburo are in power. Only thirty days from Obama's election and we are experiencing the worst month of layoffs in 34 years! Who's paying forward on Obama's liberal rhetoric now? The middle class.
But what of the Office Of The President Elect? What words of wisdom flow from the fount of economic hope and change? Apparently, what we need are better roads and bridges. Obama issued a statement today in response to the staggering increase in joblessness. BO's brilliant response to unemployment? The transformation of highly skilled American workers into a cadre of ditch diggers. It seems that the answer to our unemployment woes are to be found in a 1930's style Civil Works Administration.FDR managed to spend a billion dollars on that boondoggle in only five months. Or, maybe Obama will plagiarize another program from FDR's playbook and devise a modern Civilian Conservation Corps? Well, I suppose we could use a few more parks. Where is the Obama brain trust with all the new and fresh ideas for an American utopia? Obama also blathered on about developing green resources and other such nonsense. A tip of the hat to the Eco-Fascists. And, how that relates to our current unemployment rate is anyone's guess. Obama also threw a bone to the public school system. These statements must issue from some labyrinthine collective of boilerplate writers, only passing before Obama for a cursory review and signature. I think we'll all be too exhausted from shoveling our way out from under a massive pile of BO's steaming rhetoric to provide much in the way of community service.
Simply put, Obama continues to fail to provide any specific plan to address this country's economic difficulties. What is worse, he fails to provide American business with any indications that would establish some sense of certainty. All we hear from the Office Of The President Elect are platitudes and campaign trail rhetoric. What's the fix for the unemployment problem? Cut taxes on American business. It really is that simple.
Update: click here for a transcript of Obama's flaccid radio address that took place today, December 6, 2008.