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Elaine Chao wrote a great advice column on what really needs to happen to improve the jobs situation (on Fox News) and it holds up well against Obama’s plans. The building projects should have been done first, instead of bribing his constituents with transfer payments, and now he plans to increase the debt by taking the money out of the Social Security payments that workers and perhaps employers contribute toward future needs.

I would be surprised if Obama really puts his cards on the table –now he is hinting at drawing out the process of creating jobs as he goes around on some kind of campaigning binge over the next few months. What a joke.

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The victim mix from Oval Office to have a situation the President can say he is the victim of those evil doing people. Perhaps President thinks if he forces the Republican debate to follow his speech people would have to sit through his speech to see it. Then again was it a slam against those who are set to broadcast the debate? The Republicans in House and Senate do not really need the President to read a prepared speech that really has nothing to do with employment law advice and those who lost jobs. If President were serious his wonderful thoughts would be in the form of legislation in writing which he could be held responsible rather than a campaign style speech that is just that a speech that says much but does nothing

So, with all those jobs and careers being added retail sales were still slack. What does that tell US. Either the jobs numbers are not accurate, or those people lucky enough to get a job don’t trust that those jobs will last long and are merely using the money to pay off existing exorbitant debt. Either way: not good. Ask me how the economy is doing in June. Nothing would make me happier than a real Summer of Recovery; not the Biden kind.

BTW, where is Biden? Is 0bama keeping him low so people won’t notice when a new VP magically appears?

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Adding to the list:

6. Constant and nagging uncertain business environment created by the threat of government intervention from EPA, Justice, NLRB, just to name a few agencies. A President who adds to the uncertainty by launching politically motivated attacks to please his liberal base or holds up projects for political reasons, like the Keystone Pipeline. Who wants to invest when you have a very uncertain business climate with Big Nanny holding a gun to your head? They could come in at any time and shut you down. This is the reason a lot of new job creation takes place out of country where there is more certainty that you will be allowed to get a return on investment.

7. Government direct investment of public funds to produce everything from cars, to batteries, to electric cars and solar panels that nobody wants. The government ends up competing with private capital to pick winners and losers thus crowding out or discouraging private venture capital in the formation of new small business advice businesses. The government should concentrate on creating a favorable business climate and then get out of the way. The last thing the government should do is try to take on the role of venture capitalist.

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