Friday, November 9, 2012 – 09:30 a.m.
The blame game is in full swing within the Republican political machinery.
Hope, despair, anger, etc….etc…
But in reality does it mean anything in the end game?
Economic conditions, as they are, still remain weak and are forecast to weaken further, even with federal reserve policy holding interest rates near zero for the foreseeable future.
The main post-election difference is that under a Romney administration the impending economy drop-off would likely be slower, and possibly not as protracted.
But the decline would still occur.
The business of America has become big government, not big business. This is the crux of the infection besetting our country. It’s also the mantra of our newly-reelected leader.
The U.S. Government needs to hold taxes, not necessarily cut them, and spend significantly less.
A contention very few in Washington, D.C. understand.
It’s no secret government at the state, local and federal levels dwarf all other economic activity, and the process of shifting jobs from public to private payroll is painful under any process.
A concept President Obama has no apparent ability, or maybe desire, to comprehend.
The key downward accelerator in-play? The Affordable Health Care Act.
Since it’s now certain health care reform is full speed ahead the other shoe is dropping. Now businesses are announcing layoffs and moves to convert employees from full-time to part-time.
Why? To offset expenses related to the aforementioned health care reform.
A move that increase downward pressure on the economy.
But does anybody really care?