Selected social media commentary on politics in the first quarter of 2017
Contrary to the impression that the headlines on the unemployment rate promote, significant issues remain unresolved. Even as the unemployment rate goes down, labor force participation is still too low. We forecast a decline in employment as relative to the increase in minimum wage.
At the core of the Democrat Party, the President and the Democrat nominees, appear to have a view that Government is the primary source for jobs. The problem is doubling down on the very same neo-Keynesian policies that don’t work in the real world but fulfill the belief that Government is the answer to the issues facing the nation.
A small portion of New Yorkers will be paid more. Some people will be without work as companies try to comply or leave the State. Most companies will endure, and the majority of New Yorkers will see no difference in their paychecks. A real fear will be how many companies will exit the least business friendly State once minimum wage increases, and as a result how many New Yorkers will leave to get jobs – at whatever pay scale – that are no longer available here.
2015 may well be a year of impeachment, challenges to Obama Administration achievements, and a continued impasse on immigration reform.
Like Solyndra, Beacon Power, and the Chevy Volt, the Obama Administration has once again proven that government lacks the ability to predict winners and losers in any industry. Once again taxpayer funds have been applied, and lost, in an attempt to fulfill a dream of “green” energy that does not exist. Yet again the national debt has been added to, not reduced, without a benefit to show for it.
“But we have to pass the Bill for you to find out what is in it…” – Speaker of the House Nancy Pelosi, March 2009 Before these words were uttered, there was mass confusion about…
In an election year there is no end to the ways that an incumbent President will spin hot button issues to gain the attention of voters. At times this is for the benefit of the…
In other words, in the world of real people budgets, if you don’t spend $3000 on a new set of golf clubs – that you can’t afford to buy – you just increased your wealth by $3000. Therefore you now have extra money to buy a $1500 new flat screen television – which you still can’t afford. Try that on the wife (or wives, try a similar example on yur husbands) and see what happens. See if it will work with your credit card company too.
It’s a victory, if you are a Democrat. Then again, the Democrat-led Congress has yet to read any of the Bills being voted out of Congress since the Obama Administration took over. So I doubt…