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Jobs: Did The Obama Summit Find A Solution? and Public Opinion On Afghanistan

Michael Haltman | December 4, 2009 

By The Time You Read This, The Mother Of All Numbers Will Most Likely Have Been Released
At 8:30 this morning the employment numbers will be released, and the expectations are for 125,000 jobs to have been cut and for the headline unemployment rate to hold at 10.2%. Any surprises to the downside will send shivers through the markets and throw water on what may already be a dour holiday season. The key to the whole shooting match is jobs, as people who are unemployed, underemployed, have given up or who are in fear of losing their jobs do not make for motivated consumers. The ripple effect through the economy and government coffers will be crippling in quite a number of ways.

There's No Need To Fear, Underdog Is Here!
In what can hopefully generate worthwhile ideas, but is more likely a political exercise, President Obama held a job summit looking for ideas on how exactly to create them. If it sounds a little like pie in the sky it is, but hey, you never know. As if to acknowledge the desperation that holding this event would seem to indicate, Obama said the following:

"I don't mind skepticism...If I listened to the skeptics I wouldn't be here." How lucky would that have been if the President had only been a better listener.

"I am open to every demonstrably good idea, and I want to take every responsible step to accelerate job creation." I suppose that the secretary at the meeting taking the minutes will form a working committee to ferret through the list, decide on the keepers and implement them. This meeting which will generate "ideas" that the best minds in government couldn't come up with.

Here is a thought from a neophyte whose invitation to the summit must have been lost in the mail. Stop raising taxes on the engine of jobs creation, the small business owner. Take the stimulus money that is left and direct it squarely into job creating projects. Mandate that the institutions who received the billions in TARP money actually lend it out, rather than looking for reasons not to lend it out. All the while taking these extremely low cost funds and recording record profits. And finally, limit the intrusion of government into the day to day operations of business so that they can focus on the things that they should be focusing on...the bottom line.

Lastly, take the domestic agenda that has been laid out and put it on the back burner for now, and quite possibly forever. The problems facing the country and the world are not about one man and his legacy, but about the people. Worry less about your face time, and more about the real problems at hand.

In any event, they came, they met, they discussed and they went home. And tomorrow while those in the Ivory Tower digest the numbers when they are released, the pain felt by rank and file citizens will be palpable.

Gallup Poll


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