Unemployment Numbers Terrible!
Regime President Obama is out today crowing about the direction the country is taking because of his policies. He touts the unemployment rate falling to 8.5% as evidence. Yet Bill Wilson, the President of Americans for Limited Government, looks at the latest numbers and comes to a sobering conclusion:
“…the number of unemployed is actually closer to 17 million instead of the 13 million reported jobless.
Instead of 8.5 percent, the effective unemployment rate should be closer to 10.9 percent, and the underemployed closer to 17.4 percent, or 27.3 million.”
Wilson says what we need to get the economy moving is the following:
- the government needs to slash corporate tax rates, which are the highest in the world of advanced economies.
- It is imperative that the regulatory overkill come to an end.
- The dollar needs to be strengthened to lower costs and stabilize energy and food costs.
- The debt needs to be paid down and retired, and the budget balanced.
- Onerous federal securities laws and state-by-state blue sky laws need to be repealed that make it cost-ineffective for new businesses to raise capital.
Yeah, like that’s going to happen anytime soon!
