Aug 11 2011
It’s official, the inexperienced and naive White House has completely run out of ideas. They have no experience in the private sector, so they have no clue how to rejuvenate our economy and create jobs. Instead they are coming out with an endless stream of sophomoric proposals more indicative of a middle school homework assignment than the product of a leading economic team.
First up is the idiotic plan to turn our federal government into the nation’s largest landlord enterprise. In the face of their failed economic policies the White House has devised a brilliant plan to become a rental property manager. Trust me, if that was a sound idea at the moment there would be entrepreneurs lined up for miles ready to take on the job and make money. But the problem is not managing rentals but creating an economy that produces viable renters and home buyers. There is no better sign these people are looking for band-aids instead of dealing with the root cause of the carnage than this proposal. The government should not be gathering up potential business assets and pulling them out of the economy – that will just make the recovery take even longer!
But this is something White House adviser Valerie Jarret has real experience in, since she was a slumlord in Chicago before gracing the nation with her talents and ingenuity (photo below is one of her prime properties she ran for the government in Illinois).
The second moronic idea is that by paying people to be on unemployment we are creating jobs:
“I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs,” Wall Street Journal’s Laura Meckler asked Jay Carney at Wednesday’s WH briefing.
Carney responded: “Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam.”
“There are few other ways that can directly put money into the economy than applying unemployment insurance,” Carney said.
Bullsh*t! The best way to ‘put’ money into the economy is to NOT TAKE IT OUT! Lower taxes, lower the cost of business, lower the cost of regulation and that money will go into consumer purchases and new business start ups. Get government out of the way.
When all the White House produces is twisted logic so warped it resembles drug addled thinking you know these people are spent intellectually. I have never seen massive unemployment rolls create jobs – since the math doesn’t pan out at all. This is simple stuff folks:
The average weekly payment is 36 percent of the individual’s average weekly wage.
So a person on unemployment is making 64% less than they would be working. Therefore it is NOT a net benefit to the economy to pay someone not to work.
This is baby stuff – and yet it is beyond the grasp of this White House. 2012 cannot come fast enough.